ETF Series Solutions ETF ClearShares Ultra-Short Maturity ETF (ARCA: OPER)

ETF Series Solutions ETF ClearShares Ultra-Short Maturity ETF (ARCA:OPER), Trade Ideas

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OPER

A New Bond ETF With Rising Rates Protection

ETF Series Solutions ETF ClearShares Ultra-Short Maturity ETF

Opera Limited - American Depositary Shares

Opera Ltd

OPERADORA DE SITES MEXICN by OPERADORA DE SITES MEXICANOS S A B DE C V

Operadora De Sites Mexicanos SA De CV

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) with a Market Perform and lowers the price target from $25 to $23.

News

Price Target

Reiteration

Analyst Ratings

Keefe, Bruyette & Woods Reiterates Market Perform on Premier Financial, Lowers Price Target to $23

WIIM

AMZN

Amazon shares are trading lower as large-cap tech stocks fall in sympathy with Meta.

Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) analysts recently released a note predicting that the Federal Reserve will only cut rates once this year, compared with their previous prediction of four cuts.&nbsp;
"2024 is starting to look like 2015 but in reverse. Then the Fed signaled hikes it could not deliver; now the Fed may be signaling cuts that the inflation data do not justify," Bank of America economist Michael Gapen said in the note. "The acceleration of inflation this year makes a cut prior to December challenging in our view."
Don't Miss:
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<li>Join the elite. Invest in Epic Games and<a href="https://www.benzinga.com/money/epic-games"> own a piece of the $17 billion Fortnite empire</a>.</li>
<li>This &#8216;Future of Gaming&#8217; startup disrupting a $272 billion industry is<a href="https://www.benzinga.com/money/gameflip-2"> now letting anyone invest for a limited time</a>.</li>
</ul>
In 2015, the Fed increased interest rates and reduced support for the American economy, despite a minimal increase in inflation rates of 0.12%.&nbsp;
March saw a 3.5% rise in the consumer price index greater than the 3.2% jump for the 12 months ending in February, driven mainly by significant increases in food and beverage costs, according to the U.S. Bureau of Labor Statistics. Juice and drink prices soared by 27.5%, while egg prices climbed by 4.6%.
Trending: Invest alongside execs from Uber, Facebook and Apple in this<a href="https://www.benzinga.com/money/aura"> wellness app Transforming a $5.6 TRILLION dollar industry</a>.
While 2015 could be viewed as a great buying opportunity for U.S. stocks, with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) up about 142% from the start of that year to today, others aren't so sure it's the right parallel.
For example, JPMorgan Chase &amp; Co. CEO Jamie Dimon sees a different, and perhaps more ominous, setup ahead for markets given how much spending is needed to tackle today's pressing issues.
Specifically, he shares his view that "$2 trillion of fiscal deficit, the infrastructure and IRA act, the green economy, the remilitarization of the world, the restructuring of trade are all inflationary,&#8221; with that looking &#8220;like the 1970s to me."&nbsp;
Reflecting on whether investors are ready for higher-than-expected inflation, Dimon ominously said he's "not sure."
Meanwhile, the Fed seems to be delaying any interest rate cuts until inflation is more manageable.&nbsp;
In an interview with Bloomberg on April 15, Federal Reserve Bank of New York President and CEO John Williams said, "We will need to start a process at some point to bring interest rates back to more normal levels, and my own view is that process will likely start this year."&nbsp;
Keep Reading <a href="https://www.benzinga.com/alternative-investments/startups">About Startups</a>:
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<li>Invest like a millionaire. Exclusive opportunity to<a href="https://www.benzinga.com/money/epic-games"> invest in Epic Games $17 billion gaming empire.</a></li>
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General

Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s

Scotiabank analyst Nick Altmann downgrades HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) from Sector Outperform to Sector Perform and raises the price target from $31 to $35.

Downgrades

Scotiabank Downgrades HashiCorp to Sector Perform, Raises Price Target to $35

MSFT

Microsoft shares are trading lower as tech stocks fall amid overall market weakness. Meta is also dragging large-cap tech stocks down in today's session.

<a href="https://www.nestle.in/media/pressreleases/allpressreleases/nestl%C3%A9-india-dr-reddy%E2%80%99s-form-joint-venture-take-health-science-nutraceutical">https://www.nestle.in/media/pressreleases/allpressreleases/nestl%C3%A9-india-dr-reddy%E2%80%99s-form-joint-venture-take-health-science-nutraceutical</a>
&nbsp;

Contracts

Nestlé India And Dr. Reddy's To Form Joint Venture To Take Health Science Nutraceutical Portfolio To Consumers Across India And Other Agreed Territories

For those waiting on clarity surrounding stablecoins in the U.S., Representative Maxine Waters (D-CA), a key figure in the House Financial Services Committee, has indicated that a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38385726/brics-eye-stablecoins-cbdc-bridge-to-advance-financial-integration">stablecoin bill could be finalized soon</a>.
What Happened: &#8220;We are on our way to getting a stablecoin bill in the short run,&#8221; Waters <a href="https://www.bloomberg.com/news/articles/2024-04-24/key-democrat-touts-progress-on-stablecoin-marijuana-legislation?sref=3REHEaVI&amp;embedded-checkout=true">told</a> Bloomberg in a recent interview. 
This news comes after she previously criticized a draft version of the bill, calling it &#8220;problematic&#8221; and lacking proper investor protections.
Historically critical of previous drafts, which she labeled as "deeply problematic and bad for America,&#8221; Waters highlighted the necessity of ensuring stablecoins are adequately backed by assets. 
"It's about making sure investors and the people are protected," Waters elaborated.
The legislative push has gained momentum recently, with significant involvement from key U.S. institutions including the Federal Reserve, the Treasury Department and the White House. 
The collaborative effort is a response to the growing need for regulatory clarity as the use of stablecoins expands.
Moreover, Waters and Patrick McHenry (R-N.C.), the Chairman of the House Financial Services Committee, have been in discussions for nearly two years and have even engaged Senate Majority Leader Chuck Schumer (D-N.Y.) in efforts to accelerate the bill. 
Their strategy includes attaching the stablecoin legislation to the indispensable Federal Aviation Administration reauthorization bill due next month.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38413962/jack-dorsey-wants-to-make-bitcoin-mining-as-easy-as-plugging-in-a-lamp-heres-how"> Jack Dorsey Wants To Make Bitcoin Mining As Easy As Plugging In A Lamp: Here&#8217;s How</a>
Why It Matters: In the Senate, efforts parallel those in the House. 
Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) recently proposed legislation that seeks to prohibit algorithmic stablecoins and requires issuers to maintain full reserve backing.
Further bipartisan discussions have occurred with Senate Banking Chairman Sherrod Brown, who earlier this month expressed a willingness to advance stablecoin legislation. 
Adding to the legislative landscape, there is potential for the stablecoin bill to be coupled with marijuana banking reforms, although this may face challenges, notably from Senate Republican leader Mitch McConnell (R-Ky.).
This evolving regulatory framework for stablecoins is of keen interest to attendees of Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19. 
This event will delve into how new laws might shape the landscape for cryptocurrencies and other digital assets, offering a platform for experts to discuss the implications of these <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38382733/crypto-lobby-group-sues-sec-over-new-dealer-rule">changes on global financial markets.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38412858/trumps-crypto-portfolio-rebounds-with-1m-weekly-profit-which-crazy-new-currencies-does-he-">Trump&#8217;s Crypto Portfolio Rebounds With $1M Weekly Profit: Which &#8216;Crazy New Currencies&#8217; Does He Hold?</a>
Image: Shutterstock

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

Cryptocurrency

Maxine Waters Says 'Stablecoin Bill In The Short Run' Coming

SPDR Dow Jones Industrial Average ETF Trust

QQQM

Major indexes are lower amid a drop in Meta following its quarterly earnings report and weaker-than-expected US GDP data.

XPRO

Expro Group Holdings Shares Halted To The Downside Pending News

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Market Perform and lowers the price target from $19 to $17.

NAVI

Keefe, Bruyette & Woods Maintains Market Perform on Navient, Lowers Price Target to $17

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/MSFT/earnings">closing bell on April 25, 2024</a>.
Analysts expect the Redmond, Washington-based company to report quarterly earnings at $2.82 per share, up from $2.45 per share in the year-ago quarter. Microsoft is projected to report quarterly revenue of $60.8 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Microsoft recently launched Phi-3 Mini, a lightweight AI model with 3.8 billion parameters, the smallest in its Phi series.
Microsoft shares rose 0.4% to close at $409.06 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Stifel analyst Brad Reback maintained a Buy rating with a price target of $455 on April 22. This analyst has an accuracy rate of 73%.</li>
<li>BMO Capital analyst Keith Bachman maintained an Outperform rating and raised the price target from $455 to $465 on April 12. This analyst has an accuracy rate of 77%.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Overweight rating and increased the price target from $465 to $520 on April 11. This analyst has an accuracy rate of 77%.</li>
<li>UBS analyst Karl Keirstead maintained a Buy rating with a price target of $480 on April 10. This analyst has an accuracy rate of 74%.</li>
<li>Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $465 to $550 on April 1. This analyst has an accuracy rate of 78%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying</a>

Earnings

Microsoft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Guidance

American Airlines CEO Says His Message To Boeing Is The Same "Get Your Act Together"

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) moved lower, with the cryptocurrency prices falling below the key $64,000 level on Thursday.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also recorded losses, trading below the key $3,200 mark this morning.
Theta Fuel (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/tfuel/usd">TFUEL</a>) was the top gainer over the prior 24 hours, while Nervos Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ckb/usd">CKB</a>) turned out to be the biggest loser.
U.S. initial jobless claims declined by 5,000 to 207,000 in the week ending April 20, compared to market estimates of 214,000. The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023
At the time of writing, the global crypto market cap fell to $2.36 trillion, recording a 24-hour decline of 4.3%. BTC was trading lower by 3.9% at $63,990 while ETH fell by around 4.7% to $3,127 on Thursday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Theta Fuel (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/tfuel/usd">TFUEL</a>)
Price: $0.1183
24-hour gain: 1.7%
TRON (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>)
Price: $0.1156
24-hour gain: 1.4%
Losers
Nervos Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ckb/usd">CKB</a>)
Price: $0.01774
24-hour drop: 15.6%
dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)
Price: $2.97
24-hour drop: 15.6%
Jupiter (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">JUP</a>)
Price: $1.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
24-hour drop: 14.7%
Starknet (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STRK</a>)
Price: $1.16
24-hour drop: 13.5%
Fetch.ai (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fet/usd">FET</a>)
Price: $2.28
24-hour drop: 12.2%
SingularityNET (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AGIX</a>)
Price: $0.9361
24-hour drop: 12.2%
Immutable (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>)
Price: $2.12
24-hour drop: 12.1%
Worldcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WLD</a>)
Price: $4.84
24-hour drop: 11.5%
Read This Next: <a href="https://www.benzinga.com/news/earnings/24/04/38428592/how-to-earn-500-a-month-from-t-mobile-us-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report</a>

Intraday Update

Movers

$AGIX

$ALGO

$BTC

$CKB

$ETH

$FET

$IMX

$JUP

$PEPE

$STRK

$TFUEL

$TRX

$WIF

$WLD

Bitcoin Falls Below $64,000 Following GDP, Jobless Claims Data; Nervos Network Becomes Top Loser

Wells Fargo analyst Blaine Heck initiates coverage on Americold Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COLD#NYSE">COLD</a>) with a Equal-Weight rating and announces Price Target of $24.

Initiation

COLD

Wells Fargo Initiates Coverage On Americold Realty Trust with Equal-Weight Rating, Announces Price Target of $24

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates Moelis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>) with a Market Perform and lowers the price target from $58 to $54.

Keefe, Bruyette & Woods Reiterates Market Perform on Moelis, Lowers Price Target to $54

Jim Simons is a multifaceted American who has achieved remarkable success in multiple fields. A mathematician by training, he later turned his talents towards finance, founding Renaissance Technologies, a highly quantitative hedge fund.
Through his work there, Simons has garnered a reputation as one of the greatest investors of all time.
Beyond finance, Simons is a major philanthropist, directing his resources toward advancements in mathematics and related sciences.
<h3 class="wp-block-heading">The Math Professor Who Beat Oracle Of Omaha</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1-1024x585.jpg" alt="" class="wp-image-308542" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074615/Jim-Simons-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Recreation of Jim Simons teaching math to students &#x7C; Image generated using Dall-E</figcaption></figure>
Here's an example of just how successful Simons has been: His hedge fund's signature product, Medallion Fund, <a href="https://www.linkedin.com/posts/linasbeliunas_jim-simons-is-the-most-successful-investor-activity-7188617968237297666-8vSo">returned</a> a staggering 62% annual returns between 1988 and 2021, or 37% net of fees.
To put this into perspective, if you invested $1 in the Medallion Fund in 1988, it would have grown to $42,000 by 2021.
For comparison, the same $1 investment in Warren Buffett's Berkshire Hathaway would have grown to $152.
A $1 bet on Simons would have been 276x higher than one on the Oracle of Omaha.
See Also: <a href="https://www.benzinga.com/news/24/04/38406483/improving-credit-score-is-a-long-process-that-requires-patience-and-discipline-but-these-6-proven-st">Improving Credit Score Is A Long Process That Requires Patience And Discipline — But These 6 Proven Strategies Can Speed Things Up</a>
<h3 class="wp-block-heading">Jim Simons Reveals The Formula For Making Billions</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2-1024x576.jpg" alt="" class="wp-image-308547" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074946/Jim-Simons-2.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Secret to making billions of dollars &#x7C; Source: Unsplash</figcaption></figure>
But what's the secret behind Simons' staggering returns? Here's the formula from the horse's mouth!
"My algorithm has always been you get smart people together. You give them a lot of freedom."
The Medallion Fund became synonymous with unprecedented success. Known for its secrecy and astounding returns, the fund is exclusively managed for Renaissance's employees, turning it into a sort of mythical creature in the finance industry.
This exclusivity and performance have fueled intrigue and admiration among investors globally.
"Create an atmosphere where everyone talks to everyone else. They're not hiding in a corner with their own little thing," Simons explained.
<h3 class="wp-block-heading">Developing The Quantitative Approach</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3-1024x585.jpg" alt="" class="wp-image-308544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074741/Jim-Simons-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Recreation of Quant investing delivering big returns &#x7C; Image generated using Dall-E</figcaption></figure>
The cornerstone of Simons&#8217; success was his pioneering quantitative approach, which uses complex mathematical models to predict price changes in financial markets.
Unlike traditional investors, Simons and his team of scientists and mathematicians rely on patterns, data, and algorithms, setting a new standard in the investment world and achieving extraordinary returns.
What helps with this, according to Simon, is providing the "best infrastructure, the best computers, and so on."
<h3 class="wp-block-heading">‘Make Everyone Partners'</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4-1024x585.jpg" alt="" class="wp-image-308545" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25074824/Jim-Simons-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Employees celebrating &#x7C; Image generated using Dall-E</figcaption></figure>
The last secret sauce to making billions, according to Simons, is making sure that everyone has skin in the game.
"Make everyone partners."
To sum up, Simons' model at Renaissance comprised of four factors – smart people, collaborative atmosphere, best infrastructure, and skin in the game.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38335897/no-us-city-makes-the-cut-where-are-the-10-best-airports-in-the-world">No US City Makes The Cut! Where Are The 10 Best Airports In The World?</a>
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 generated Using Dall-E 3

Education

Success Stories

Jim Simons, A Math Professor, Became One Of The Most Successful Investors Of All Time — Now He Shares His Formula For Making Billions

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) with a Outperform and lowers the price target from $93 to $85.

GSHD

Keefe, Bruyette & Woods Maintains Outperform on Goosehead Insurance, Lowers Price Target to $85

<ul>
<li>Groundbreaking topline results demonstrated sensitivity for colorectal cancer of 92% with specificity of 90% and best-in-class sensitivity for advanced adenoma of 82% &nbsp;</li>
<li>690 subjects analyzed including previously unexamined and reported patients from Company's ColoFuture and eAArly DETECT studies utilizing the mRNA biomarkers, FIT test, and a proprietary AI Algorithm 
<ul>
<li>The power to determine advanced adenoma, lesions in a pre-cancerous stage, can change the entire CRC diagnostic field, by treating the patient before the polyps can progress to cancer &nbsp;</li>
</ul>
</li>
</ul>

Biotech

MYNZ

Mainz Biomed Reports Topline Results From Pooled Study Evaluating Novel MRNA Biomarkers And Proprietary AI Algorithm For Integration Into Pivotal FDA PMA Clinical Trial For Next Generation Colorectal Cancer Diagnostic

HC Wainwright &amp; Co. analyst Heiko Ihle maintains MAG Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) with a Buy and raises the price target from $16 to $17.

HC Wainwright & Co. Maintains Buy on MAG Silver, Raises Price Target to $17

Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) saw its price rally cut short, but cryptocurrency traders continue to showcase it as the prime example of the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37445799/welcome-to-the-memecoin-supercycle-mad-crypto-money-with-ivan">meme coin supercycle</a>.&#8221;
What Happened: Pseudonymous crypto influencer &#8220;0xMrWzrd&#8220;, in his recent tweet, shed light on the significant impact the meme coin has had, saying "WIF is the reason the meme supercycle thesis exists."
<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">Couldn't have said it better myself. <a href="https://twitter.com/search?q=%24wif&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$wif</a> <a href="https://t.co/50tE9BDyhG">pic.twitter.com/50tE9BDyhG</a>
&mdash; Imagyn (@_imagyn) <a href="https://twitter.com/_imagyn/status/1783243742238953701?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
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Among many reasons, he emphasizes the coin&#8217;s role in kickstarting the current meme coin craze as it pioneered the 1 billion supply meta, setting a new standard for meme coin tokenomics.
0xMrWzrd also highlighted Dogwifhat's innovative use of a picture as a ticker symbol, a trend that has since been adopted by numerous other meme coins.
One of the most impressive feats of Dogwifhat was its ability to reach a price of $1, a milestone that broke the idea of small unit bias in the crypto space, 0xMrWzrd states. This achievement demonstrated that even coins with a large supply could generate significant value.
&#8220;It&#8217;s the one that made it click for a lot of people,&#8221; he noted. Drawing a parallel to the impact of Bored Apes on the NFT market in 2021, 0xMrWzrd argued that WIF has done the same for meme coins, bringing them into the mainstream and sparking a broader movement.
&#8220;It&#8217;s the king for a reason,&#8221; 0xMrWzrd declared, emphasizing Dogwifhat's unrivaled position in the meme coin hierarchy: &#8220;There is no second best.&#8221;
Looking ahead, 0xMrWzrd predicts that $WIF has the potential to reach $100, a price target that would solidify its status as the leading meme coin and generate substantial returns for investors who recognized its potential early on.
Voicing a similar <a href="https://twitter.com/apatheticwhale/status/1783310762896695737">opinion</a>, "apatheticwhale" also called WIF the "fastest meme coin to achieve a market cap of over $1 billion in approximately 6 months." He suggests traders wait for more months to see what is next.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38407870/shiba-inu-killer-dogwifhat-dons-bull-hat-on-7-surge-to-3-30-breakout-says-trader">&#8216;Shiba Inu Killer&#8217; Dogwifhat Dons Bull Hat On 7% Surge To $3.30: &#8216;Breakout,&#8217; Says Trader</a>
Price Action: At the time of writing, WIF was trading at $ 2.94, down 17% over the past 24 hours.
Why It Matters: Traders&#8217; lofty long-term price targets were not reflected in short-term price action, as Dogwifhat suffered a serious price dip upon Itcoin&#8217;s pullback below $64,000.
Cryptocurrency trader CrediBULL Crypto, in his latest <a href="https://twitter.com/CredibleCrypto/status/1783256237053722672">tweet</a>, points out that Dogwifhat has retraced back to the point of breakdown while open interest has moved higher to the levels it was at before the last liquidation flush. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> has retraced back to the point of breakdown, while OI has risen right back to the levels it was at prior to the last liquidation flush. A move down of the same magnitude as the last (which is certainly possible due to similar levels of OI) puts us at ~$1.50. Would you be… <a href="https://t.co/U8vUfk67wr">https://t.co/U8vUfk67wr</a> <a href="https://t.co/DWAF0ZO5vl">pic.twitter.com/DWAF0ZO5vl</a>
&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1783256237053722672?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
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He forecasts the price to drop to around $1.50.<a href="https://www.benzinga.com/events/digital-assets/" target="_blank" rel="noreferrer noopener"></a>
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38331874/crypto-vc-reveals-his-bitcoin-solana-dogwifhat-ton-price-targets-for-buying-opportunities-">Crypto VC Reveals His Bitcoin, Solana, Dogwifhat, TON Price Targets For &#8220;Buying Opportunities As Huge Gifts&#8221;</a>

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