Latest news for PennyMac Mortgage IT (NYSE:PMTpA) Stock

PennyMac Mortgage IT

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.

Cum Red Pfd Registered Shs of Beneficial Interest Series -A-

PennyMac Mortgage Investment Trust 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest

PennyMac Mortgage Investment Trust

Fund manager Gary Black on Monday advised Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investors to &#8220;limit the emotion&#8221; tied to the product and look at the stock analytically.
What Happened: &#8220;I love Starbucks but I wouldn&#8217;t own Starbucks stock,&#8221; Black said while urging Tesla investors who like the company&#8217;s products to look at the EV giant&#8217;s stock analytically with a &#8220;strong dose of discipline.&#8221;
According to The Future Fund Managing Partner, falling in love with the company&#8217;s product which causes them to fall for the stock is one of the biggest mistakes made by investors.
Relying on company management&#8217;s forecast on production instead of demand is another key mistake that many make, he said. &#8220;They rely on management's forecasts about production rather than demand, and assume winner take all and fail to consider likely competitive responses,&#8221; Black said in a post on social media platform X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The two biggest mistakes I see investors make are: 1/ they fall in love with a product that causes them to fall in love with the stock; and 2/ They rely on management's forecasts about production rather than demand, and assume winner take all and fail to consider likely…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1891638760959349093?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
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Why It Matters: Black, however, is optimistic for Tesla himself. 
The company needs to show growth in delivery volumes while also demonstrating the superior capability of its full self-driving (FSD) driver assistance software, failing which the profit-earnings ratio will drop, Black said in another post. However, the fund manager is optimistic that the introduction of a new and cheaper Tesla vehicle in the first half with a new form factor will expand its total addressable market.
Black opined that the vehicle <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">ought to be a hatchback</a> priced between $25,000 to $30,000 to expand the company&#8217;s market. <a href="https://www.benzinga.com/news/global/24/12/42259206/tesla-investor-gary-black-says-price-cuts-alone-wont-do-it-for-tesla-emphasizes-the-need-for-new-models-to-drive-2025-growth">Without a different form factor</a>, the new vehicle will only destroy earnings, he said. 
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/25/02/43772576/tesla-to-start-delivering-shanghai-made-refreshed-model-ys-next-week">Tesla&#8217;s Refreshed Model Y Rolls Off Shanghai Gigafactory, Deliveries To Start &#8216;Soon&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

News

Tech

TSLA

Tesla Bull Advises EV Giant Investors To Limit Emotion Tied To The Product: 'I Love Starbucks But I Wouldn't Own SBUX Stock'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, who serves on the Department of Government Efficiency (DOGE) under the President Donald Trump administration sparked a discussion about Social Security Administration (SSA) data accuracy on Tuesday, sharing statistics showing millions of Americans over 100 years old listed as alive in the system.
What Happened: University of Michigan economics professor Justin Wolfers provided context, citing a July 2023 SSA Inspector General audit report that identified approximately 18.9 million number holders born before 1920 without death information in their records.
The audit report revealed that 98% of these cases receive no payments, with the anomaly largely attributed to pre-electronic record-keeping era deaths. The SSA has declined previous recommendations to update these records, citing implementation costs between $5-10 million and limited benefit to current programs.
&#8220;Should government databases be cleaner? It&#8217;s a cost-benefit question,&#8221; Wolfers noted on X, suggesting the issue might not be a major concern given the low rate of active payments.
Musk, who shared age distribution data showing over 4.7 million individuals aged 100-109 in the system, responded with humor, referencing the &#8220;Twilight&#8221; vampire series and suggesting supernatural explanations for the longevity statistics.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One thing I&#39;ve learned to do when I have questions about social security number holders who are age 100 or older is to look up the SSA Inspector General audit report, &quot;Numberholders Age 100 or Older Who Did Not Have Death Information on the Numident.&quot;<a href="https://t.co/AdWTV8eIPV">https://t.co/AdWTV8eIPV</a> <a href="https://t.co/PdCtdCIlsG">https://t.co/PdCtdCIlsG</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1891516202612060438?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/02/43771492/chuck-schumer-blasts-trump-faa-layoffs-after-delta-plane-overturns-on-landing-in-toronto-president-fired-safety-specialists">Chuck Schumer Blasts Trump FAA Layoffs After Delta Plane Overturns On Landing In Toronto: President Fired &#8216;Safety Specialists&#8217;</a>
Why It Matters: The discussion comes amid broader concerns about federal data management. The SSA has defended its position, arguing that updating non-beneficiary records would divert resources from current operations. The agency maintains that other entities can independently assess presumed death based on age.
The debate highlights ongoing challenges in modernizing legacy government systems while balancing resource allocation and operational priorities. Despite the apparent discrepancies, the audit confirms that actual improper payments remain minimal among these historical records.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Sparks Debate On Social Security Data After Report Finds Millions Of Alive Centenarians In America

Jefferies analyst David Katz upgrades Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) from Hold to Buy and raises the price target from $105 to $118.

Upgrades

Price Target

Analyst Ratings

WYNN

Jefferies Upgrades Wynn Resorts to Buy, Raises Price Target to $118

General

SMTC

Internet Of Things Systems Provider Semtech Introduces New Electrostatic Discharge (ESD) Protection For Automotive Ethernet Applications

Earnings

iQIYI Q4 Adj EPADS $(0.01) Down From $0.10 YoY, Sales $906.00M Miss $909.96M Estimate

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly plans to introduce its first in-house 5G modem, manufactured by Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), <a href="https://in.benzinga.com/media/25/02/43550876/iphone-se-could-be-unveiled-as-early-as-next-week-apples-budget-model-to-feature-iphone-14-design-and-ai-features">in the upcoming</a> iPhone SE 4 — but early reports suggest it may not match the performance of Qualcomm Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) Snapdragon X75.
What Happened: The iPhone SE 4, <a href="https://www.benzinga.com/tech/25/02/43720367/tim-cook-confirms-new-apple-product-launch-next-week-elon-musk-sets-off-buzz-by-sharing-is-it-the-iphone-se-4">expected to be unveiled</a> on Feb. 19, marks Apple&#8217;s transition away from Qualcomm&#8217;s cellular modems. Apple is reportedly using its self-developed 5G modem, produced by TSMC.
According to a new <a href="https://www.donga.com/news/It/article/all/20250214/131031632/1">report</a> from South Korea, Apple&#8217;s <a href="https://www.benzinga.com/24/12/42376583/how-apples-billion-dollar-modem-gamble-could-redefine-the-future-of-macs-headsets-and-foldable-iphones-report">first-generation modem</a> will lack mmWave 5G support, a feature that enables ultra-fast speeds in dense urban areas.
See Also:&nbsp;<a href="https://www.benzinga.com/25/02/43613962/apples-super-bowl-lix-strategy-was-discretely-genius-says-youtuber-nikias-molinaheres-how-it-stole-the-spotlight-without-selling-a-single-product" target="_blank" rel="noreferrer noopener">Apple's Super Bowl LIX Strategy ‘Discretely Genius,' Says YouTuber Nikias Molina—Here's How Cupertino Stole The Spotlight Without Pushing An iPhone In Your Face</a>
The modem may offer fewer carrier aggregation features, potentially resulting in slower upload and download speeds compared to the iPhone 16 series, which has Qualcomm's Snapdragon X75.
Apple's modem is also expected to support Dual Sim Dual Standby and be deeply integrated with its custom-designed processors.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: According to available reports and rumors, the iPhone SE 4 will have a 6.1-inch OLED Super Retina XDR display, similar to the iPhone 14. It may also feature the A18 chip with 8GB of RAM from the iPhone 16 series and support Apple Intelligence.
Camera upgrades include a 48MP rear and 12MP front camera from the iPhone 15, but the ultra-wide lens may be removed.&nbsp;
With new features and design changes, a price increase is possible. The iPhone SE 4 could go on sale on Feb. 28.
Price Action: Apple&#8217;s shares inched up 0.02% in after-hours trading, reaching $244.64, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/02/43485288/apple-raises-monthly-applecare-prices-for-all-iphones-and-you-can-no-longer-buy-the-warranty-upfront-in-stores" target="_blank" rel="noreferrer noopener">Apple Raises Monthly AppleCare+ Prices For All iPhones— And You Can No Longer Buy The Warranty Upfront In Stores</a></li>
</ul>
Disclaimer:&nbsp;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.
Photo courtesy: Shutterstock

AAPL

QCOM

Apple's iPhone SE 4 To Feature TSMC's In-House 5G Modem, But It May Lag Behind Qualcomm's Snapdragon X75

CTSH

Cognizant Extends Partnership With Building Materials Company Etex To Provide GenAI And Chatbot Solutions

BIDU

Baidu Q4 Adj EPADS $2.63 Beats $1.78 Estimate, Sales $4.67B Beat $4.56B Estimate

Billionaire investor, Ken Griffin&#8217;s hedge fund, Citadel Advisors LLC slashed its stake in the S&amp;P 500&#8217;s top-performing stock of 2024, but the position still grew 77% in value during the fourth quarter. Citadel also adjusted its investments in the &#8216;Magnificent 7&#8217; companies, adding four positions and reducing three.
What Happened: Here are the key changes in Citadel&#8217;s portfolio according to the fourth quarter 13F filings.
<ul>
<li>Citadel cut 13% of its Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) holdings during the fourth quarter, but the shares held increased in value by $14.509 million or 77% during the quarter.</li>
</ul>
<ul>
<li>The fund increased its stake in Class A and Class C of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) by 134% and 11%, respectively.</li>
</ul>
<ul>
<li>A three-digit growth was witnessed in its holdings of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) during the fourth quarter by Citadel.</li>
</ul>
<ul>
<li>Griffin&#8217;s fund slashed stakes in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) by 86%, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) by 56% and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) by 25%.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Holdings (as of Sept. 30)</td>
<td>Holdings (as of Dec. 31)</td>
<td>Change (in %)</td>
<td>Value As Of Dec. 31</td>
</tr>
<tr>
<td>Palantir Technologies Inc.</td>
<td>508,086</td>
<td>441,755</td>
<td>-13%</td>
<td>$33.409 million</td>
</tr>
<tr>
<td>Alphabet Inc. (Class A)</td>
<td>585,738</td>
<td>1,372,475</td>
<td>134%</td>
<td>$259.809 million</td>
</tr>
<tr>
<td>Alphabet Inc. (Class C)</td>
<td>897,624</td>
<td>992,659</td>
<td>11%</td>
<td>$189.041 million</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>562,863</td>
<td>1,576,734</td>
<td>180%</td>
<td>$394.845 million</td>
</tr>
<tr>
<td>Meta Platforms Inc.</td>
<td>402,833</td>
<td>1,182,847</td>
<td>194%</td>
<td>$692.568 million</td>
</tr>
<tr>
<td>Amazon.com Inc.</td>
<td>467,938</td>
<td>3,666,567</td>
<td>684%</td>
<td>$804.408 million</td>
</tr>
<tr>
<td>Nvidia Corp.</td>
<td>7,122,535</td>
<td>3,128,677</td>
<td>-56%</td>
<td>$420.150 million</td>
</tr>
<tr>
<td>Microsoft Corp.</td>
<td>1,264,535</td>
<td>948,236</td>
<td>-25%</td>
<td>$399.681 million</td>
</tr>
<tr>
<td>Tesla Inc.</td>
<td>1,465,406</td>
<td>204,204</td>
<td>-86%</td>
<td>$82.465 million</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://13f.info/13f/000095012325002739/compare/000095012324011767">13F.info</a></figcaption></figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43764573/strategys-preferred-shares-outpace-peers-by-19-offer-7x-higher-liquidity-over-first-two-weeks-analysis-highlights-very-high-yields">Strategy&#8217;s Preferred Shares Outpace Peers By 19%, Offer 7x Higher Liquidity Over First Two Weeks: Analysis Highlights &#8216;Very High Yields&#8217; </a>
Why It Matters: The Alex Karp-led PLTR deals with providing access to artificial intelligence targeting tools to the government and military contracts. However, the Griffin-led fund – Citadel<a href="https://www.benzinga.com/markets/equities/24/11/42231266/gop-megadonor-ken-griffin-slashes-citadels-palantir-stake-by-91-bets-big-on-nvidia-as-jensen-huang-led-company-rises-over-180-in-2024"> cut its exposure</a> to Palantir in the third quarter as well.
The fund had reduced its ownership from 5.68 million shares to 508,086 shares in the third quarter — a 91% decline —bringing the stake's value to $18,900 as of Sept. 30. However, PLTR went on to become the top performer on the S&amp;P 500 index with 356.15% return in 2024, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Similarly, the fund had increased its stake by 194% to a value of $864.96 million in Nvidia during the third quarter. This was slashed by 56% in the fourth quarter, valued at $420.150 million. This Jensen Huang-led company was the top performer among the &#8220;Magnificent 7&#8221; stocks in 2024.
<h3 class="wp-block-heading">2024 Stock Performance</h3>
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace-1024x576.png" alt="" class="wp-image-786072" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18015854/2024-performnace.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43762416/billionaire-ray-dalios-bridgewater-trims-holdings-in-6-of-magnificent-7-stocks-amid-valuation-concerns-adds-this-automotive-stock-after-3-years">Billionaire Ray Dalio's Bridgewater Trims Holdings In 6 Of ‘Magnificent 7' Stocks Amid Valuation Concerns, Adds This Automotive Stock After 3 Years </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Market Summary

Hedge Funds

Markets

AMZN

GOOG

GOOGL

MSFT

NVDA

PLTR

GOP Megadonor Ken Griffin's Citadel Scores 77% Return On Palantir Despite Trimming Stake, Doubles Down On These 4 'Mag 7' Stocks

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly experiencing a delay in obtaining&nbsp;approval for its autonomous driving&nbsp;technology in China, a setback attributed to the ongoing trade war between the US and China.
What Happened: Chinese authorities might leverage the approval of Tesla&#8217;s self-driving license as a negotiation chip in trade talks with the U.S., a strategic maneuver believed to be the primary reason for the delay, reported the <a href="https://www.ft.com/content/b7867bf0-4a8f-4f60-90c5-f961e5bfea12">Financial Times</a> on Monday.
Despite earlier indications of Tesla receiving a license for extensive training of&nbsp;its Full Self-Driving Beta in&nbsp;the second quarter of 2025, the company has now been informed of an indefinite timeline. Tesla&#8217;s attempts to launch its FSD system in the Chinese market have been ongoing, with last year&#8217;s reports hinting at an impending deal.
In Tesla&#8217;s recent earnings call, CEO Elon Musk voiced his concerns about the FSD prospects in China, pointing to data transfer restrictions between the two nations. "They won't currently allow us to transfer training video outside of China. And then the U.S. government won't let us do training in China. It's a bit of a quandary," stated Musk. As a result, Tesla is instead training its system using publicly available videos of Chinese streets and simulation tools.
Despite these hurdles, Musk remains optimistic, stating that Tesla aims to achieve&nbsp;unsupervised self-driving in China by&nbsp;the end of the next year.
SEE MORE: <a href="https://www.benzinga.com/markets/asia/25/02/43772586/xi-jinpings-supportive-business-stance-sparks-rally-for-second-day-alibaba-xiaomi-surge-over-4-on-hong-kong-exchange">Xi Jinping&#8217;s Supportive Appearance Sparks Chinese Tech Rally For Second Day: Alibaba, Xiaomi Surge Over 4% On Hong Kong Exchange</a>
Why It Matters: Tesla&#8217;s challenges in China are not new. In 2022, the <a href="https://www.benzinga.com/news/25/02/43705074/tesla-cars-were-barred-for-two-months-from-an-entire-chinese-district-as-beijing-considers-them-us-spies">Chinese government began barring Tesla</a> cars from certain areas over national security concerns. The ban was extended to the Beidaihe district for two months during the Communist Party&#8217;s annual summer retreat. It also faced a ban near military complexes during President Xi Jinping's visit to Chengdu.
Meanwhile, the landscape for autonomous cars in China has been heating up, with Tesla rivals BYD Co. Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Huawei&nbsp;making advancements. BYD rolled out its &#8220;God's Eye&#8221; advanced driver assistance system across all its models, including the budget-friendly Seagull hatchback, starting at around $9,600.
Moreover, Ross Gerber, CEO of&nbsp;Gerber Kawasaki Wealth and Investment Management highlighted that <a href="https://www.benzinga.com/markets/equities/25/02/43615191/byds-gods-eye-and-huaweis-autonomous-driving-progress-spark-concerns-for-tesla-ross-gerber-points-out-all-use-lidar">all these competitors "use LIDAR" technology</a>, compared to Tesla's camera-only system. 
Despite these hurdles, Tesla has continued its operations in China. The company announced on Monday that it had started production of its <a href="https://www.benzinga.com/25/02/43772576/tesla-to-start-delivering-shanghai-made-refreshed-model-ys-next-week">refreshed Model Y at its Shanghai gigafactory</a>, with deliveries expected to start soon. The ongoing trade tensions and the delay in FSD approval highlight the complexities Tesla faces in the Chinese market.
Tesla stock dropped more than 16% in a month to close at $355.84 on Friday. 
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/02/43771853/elon-musk-didnt-always-get-along-with-his-fatherbut-last-year-he-bought-him-a-luxury-car-that-wasnt-a-tesla">Elon Musk Has A Frosty Relationship With Dad Errol But Last Year Gifted Him A Luxury Car That Was Surprisingly Not A Tesla — Here&#8217;s Why</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDDY

Tesla's Self-Driving Ambitions In China At Risk As US-China Trade War Heats Up: 'It's A Bit Of A Quandary,' Says Elon Musk

American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has listed several job openings in Mumbai, India, hinting at an imminent launch for the company in the most populated country in the world.
What Happened: Tesla&#8217;s careers page now shows 13 job openings in India. The openings span across categories including vehicle service, sales and customer support, and operations and business support. 
The company is looking for job roles such as service advisor, store manager, business operations analyst, inside sales advisor, and more. 
Some of the job roles are also open in the capital territory of Delhi, in addition to Mumbai. 
Why It Matters: Tesla CEO Elon Musk has previously expressed interest in launching Tesla vehicles in the country and putting up a factory. However, the plans did not reach fruition owing to the high import duties in India. 
The new job openings in India follow a <a href="https://www.benzinga.com/25/02/43718656/will-tesla-finally-enter-india-modi-musk-meeting-reportedly-focused-on-tariffs-starlink-licensing-and-spacex-collaboration">meeting between Musk and Indian Prime Minister</a> Narendra Modi during the latter&#8217;s visit to Washington earlier this month.
Modi said in a post on social media platform X that he and the billionaire talked about a &#8220;wide range of subjects.&#8221;
The job openings hint at the company putting up shops in the country. 
<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">It was also a delight to meet Mr. <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>'s family and to talk about a wide range of subjects! <a href="https://t.co/0WTEqBaVpT">pic.twitter.com/0WTEqBaVpT</a>
&mdash; Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1890099707311190205?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
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Read Next:
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<li><a href="https://www.benzinga.com/25/02/43724986/uber-ceo-looks-forward-to-tesla-partnership-for-robotaxis-no-one-wants-to-compete-against-tesla-or-elon">Uber CEO Hints At Potential Tesla Partnership For Robotaxis: &#8216;No One Wants To Compete Against Tesla Or Elon&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Elon Musk's India Plans Back On Track? Tesla Lists Jobs After Meeting With Prime Minister Modi

<h3>Companies Reporting Before The Bell</h3>
• Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is estimated to report earnings for its fourth quarter. 
• Expeditors Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $2.81 billion. 
• Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) is expected to report quarterly earnings at $0.66 per share on revenue of $465.87 million. 
• Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) is estimated to report quarterly earnings at $3.62 per share on revenue of $1.01 billion. 
• GeneDx Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $82.24 million. 
• Watsco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.67 billion. 
• Hillman Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLMN#NASDAQ">HLMN</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $350.45 million. 
• Vulcan Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $1.81 billion. 
• NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $173.40 million. 
• Donnelley Financial Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFIN#NYSE">DFIN</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $169.20 million. 
• Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) is projected to report quarterly loss at $0.99 per share on revenue of $117.83 million. 
• Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $5.71 billion. 
• Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) is likely to report quarterly earnings at $1.97 per share on revenue of $954.17 million. 
• Chemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $1.37 billion. 
• Sapiens Intl Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPNS#NASDAQ">SPNS</a>) is likely to report quarterly earnings at $0.36 per share on revenue of $135.89 million. 
• Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) is likely to report quarterly earnings at $0.77 per share on revenue of $4.42 billion. 
• Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) is expected to report quarterly earnings at $1.75 per share on revenue of $938.91 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $909.96 million. 
• Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $3.17 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $4.56 billion. 
• Great Lakes Dredge &amp; Dock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLDD#NASDAQ">GLDD</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $211.20 million. 
• Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is likely to report quarterly earnings at $1.07 per share on revenue of $303.41 million. 
• Waystar Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAY#NASDAQ">WAY</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $232.29 million. 
• Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) is expected to report quarterly earnings at $1.29 per share on revenue of $1.22 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.36 per share on revenue of $8.33 billion. 
<h3>Companies Reporting After The Bell</h3>
• James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $960.80 million. 
• RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $1.06 billion. 
• Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) is expected to report earnings for its first quarter. 
• Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $71.90 million. 
• ReNew Energy Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $264.79 million. 
• Select Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTTR#NYSE">WTTR</a>) is projected to report quarterly earnings at $0.13 per share on revenue of $338.92 million. 
• Tactile Systems Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCMD#NASDAQ">TCMD</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $85.39 million. 
• TPG RE Finance Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTX#NYSE">TRTX</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $27.98 million. 
• SiriusPoint (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPNT#NYSE">SPNT</a>) is likely to report earnings for its fourth quarter. 
• Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $238.48 million. 
• TrueCar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUE#NASDAQ">TRUE</a>) is expected to report quarterly loss at $0.02 per share on revenue of $47.30 million. 
• BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $700.66 million. 
• Compass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.29 billion. 
• Medifast (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) is projected to report quarterly loss at $0.16 per share on revenue of $114.25 million. 
• Community Health Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) is projected to report quarterly loss at $0.05 per share on revenue of $3.14 billion. 
• Brookdale Senior Living (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKD#NYSE">BKD</a>) is expected to report quarterly loss at $0.24 per share on revenue of $781.68 million. 
• Perdoceo Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $160.12 million. 
• Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) is likely to report earnings for its fourth quarter. 
• La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $516.47 million. 
• CVR Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAN#NYSE">UAN</a>) is likely to report earnings for its fourth quarter. 
• CVR Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.93 billion. 
• Halozyme Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $286.07 million. 
• Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $1.65 billion. 
• CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $701.59 million. 
• Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $123.21 million. 
• Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $128.50 million. 
• Arteris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIP#NASDAQ">AIP</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $15.18 million. 
• Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $550.93 million. 
• Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) is expected to report quarterly earnings at $2.05 per share on revenue of $1.91 billion. 
• XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $828.34 million. 
• Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $600.32 million. 
• Quad/Graphics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QUAD#NYSE">QUAD</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $726.70 million. 
• Bumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $260.00 million. 
• Center (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSR#NYSE">CSR</a>) is estimated to report quarterly earnings at $1.19 per share on revenue of $65.70 million. 
• Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $1.21 billion. 
• Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $12.00 million. 
• Intl Flavors &amp; Fragrances (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) is likely to report quarterly earnings at $0.84 per share on revenue of $2.69 billion. 
• SSR Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $244.25 million. 
• BrightSpire Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRSP#NYSE">BRSP</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $48.20 million. 
• Corporacion Inmobiliaria (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTMX#NYSE">VTMX</a>) is likely to report earnings for its fourth quarter. 
• Hackett Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCKT#NASDAQ">HCKT</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $75.64 million. 
• Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $1.90 billion. 
• Penumbra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEN#NYSE">PEN</a>) is expected to report quarterly earnings at $0.90 per share on revenue of $311.52 million. 
• JBG SMITH Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBGS#NYSE">JBGS</a>) is projected to report earnings for its fourth quarter. 
• Seven Hills Realty Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEVN#NASDAQ">SEVN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $8.31 million. 
• Industrial Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILPT#NASDAQ">ILPT</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $110.30 million. 
• Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is estimated to report quarterly earnings at $1.84 per share on revenue of $999.09 million. 
• Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $7.04 billion. 
• Community Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHCT#NYSE">CHCT</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $29.90 million. 
• Adeia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADEA#NASDAQ">ADEA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $113.93 million. 
• Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is expected to report earnings for its fourth quarter. 
• Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.83 per share on revenue of $1.86 billion. 
• Shift4 Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) is expected to report quarterly earnings at $1.20 per share on revenue of $997.44 million. 
• Ingevity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $315.20 million. 
• Celanese (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $2.39 billion. 
• MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $722.85 million. 
• Gladstone Commercial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOD#NASDAQ">GOOD</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $38.20 million. 
• EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $1.82 billion. 
• Comstock Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $378.74 million. 
• Genworth Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) is likely to report earnings for its fourth quarter. 
• Innospec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOSP#NASDAQ">IOSP</a>) is estimated to report quarterly earnings at $1.37 per share on revenue of $447.40 million. 
• Magnolia Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGY#NYSE">MGY</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $330.88 million. 
• Sasol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) is expected to report earnings for its fourth quarter. 
• Sandstorm Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAND#NYSE">SAND</a>) is expected to report earnings for its fourth quarter. 
• Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $4.30 billion. 
• Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $1.35 billion. 
• Ternium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TX#NYSE">TX</a>) is projected to report quarterly earnings at $1.28 per share on revenue of $4.49 billion. 
• Andersons (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANDE#NASDAQ">ANDE</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $2.73 billion. 
• Liberty Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBTYA#NASDAQ">LBTYA</a>) is likely to report quarterly loss at $0.96 per share on revenue of $1.95 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADEA

ALLE

ANDE

ANET

AXSM

BELFA

BELFB

BLKB

BMBL

BRSP

CDNS

CHCT

COMP

CSGP

DFIN

EXPD

FELE

FOUR

GLDD

GOOD

HALO

HCKT

HLMN

ILPT

IOSP

JBGS

LBTYA

Citigroup Financial 300% Minupon Princ Protected Nts for Russell 2000 Index

MOBX

MTDR

NGVT

PRDO

QUAD

RUSHA

RUSHB

SAND

SBLK

SEVN

SMLR

SOHU

SPNS

SPNT

SSRM

TCMD

TRTX

TRUE

VTMX

WTTR

Earnings Scheduled For February 18, 2025

CLVT

Clarivate Phases Out One-Time Purchases, Shifting To Subscription-Driven Academic Content Model For Greater Accessibility

Telefónica selects Nokia Packet Core to deliver superior network quality for enterprises in Spain #MWC25
<ul>
<li>Nokia Packet Core solutions will support Telefónica in rolling out 4G and 5G low latency services and other use cases to the operator's enterprise customers.</li>
<li>Telefónica will deploy the Nokia cloud-native software solutions on top of its telco cloud and as packet core appliances on enterprise premises.</li>
</ul>

Telefónica Partners With Nokia To Elevate 4G And 5G Network Performance For Enterprises Across Spain

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index in the &#8220;Fear&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 150 points during the session.
However, stocks recorded gains last week, with the S&amp;P 500 gaining around 1.5% and the Dow rising 0.6%. The Nasdaq gained 2.6% during the week.
Traders digested weaker-than-expected retail sales and the potential for peace talks between Russia and Ukraine. Retail sales in the U.S. fell 0.9% month-over-month in January, significantly worse than the anticipated 0.1% drop.
SoundHound AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares dipped 28% on Friday after Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) disclosed in a 13F filing that it dissolved its stake in the company. Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) tumbled 40% after an amended 13G filing shows Nvidia holds no stake in the company.
Most sectors on the S&amp;P 500 closed on a negative note, with healthcare, consumer staples, and utilities stocks recording losses on Friday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 165 points to 44,546.08 on Friday. The S&amp;P 500 fell 0.01% to 6,114.63, while the Nasdaq Composite jumped 0.41% to 20,026.77 during Friday's session.
Investors are awaiting earnings results from Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>), Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and Fluor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 44.5, the index was in the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 43.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

SERV

SOUN

Dow Dips Over 150 Points, But Records Weekly Gain: Investor Sentiment Improves, Greed Index In 'Fear' Zone

The acting commissioner of the Social Security Administration, Michelle King, stepped down and was replaced following demands from the Elon Musk-led Department of Government Efficiency (DOGE) for access to beneficiary data, according to reports.
What Happened: King, a veteran of the agency, stepped down from her role this week amid escalating tensions between DOGE and her agency, <a href="https://www.washingtonpost.com/politics/2025/02/17/doge-social-security-musk/">reported</a> The Washington Post. DOGE employees attempted to gain access to an internal data system on multiple occasions containing sensitive confidential information of Americans.
The Social Security payments, which make up approximately $1.5 trillion or 20% of the annual federal spending in the U.S., are at the center of this ongoing disagreement.
Nancy Altman, the president of Social Security Works told ABC News, &#8220;It&#8217;s your entire earnings record. If you&#8217;re a beneficiary, it&#8217;s your benefits, it&#8217;s the name of your spouse and when you got married and if you got divorced, and all kinds of information. And most sensitive, if you&#8217;ve applied for disability benefits, all of your medical records.&#8221;
On the incident, White House spokesperson Harrison Fields&nbsp;stated, "President Trump has nominated the highly qualified and talented Frank Bisignano to lead the Social Security Administration, and we expect him to be swiftly confirmed in the coming weeks.&#8221;
SEE ALSO: <a href="https://www.benzinga.com/25/02/43755208/elon-musks-doge-likely-most-underestimated-part-of-trump-administration-says-morgan-stanleys-cio-most-bullish-thing-that-could-happen-to-us-economy">Elon Musk&#8217;s DOGE Likely Most &#8216;Underestimated&#8217; Part Of Trump Administration, Says Morgan Stanley&#8217;s CIO: &#8216;Most Bullish Thing&#8217; That Could Happen To US Economy</a>
Why It Matters: This development comes after a series of clashes between King and DOGE. King, who served at the agency for over 30 years, was replaced by Leland Dudek, a manager in charge of Social Security's anti-fraud office, after her exit.
Previously, there have been reports of a dispute between Musk's representatives and David Lebryk, the Treasury's highest-ranking career official, who ultimately announced his retirement on Jan. 31.
On Monday, Democratic lawmakers raised concerns regarding the <a href="https://www.benzinga.com/news/25/02/43768756/privacy-concerns-emerge-as-elon-musks-doge-team-seeks-access-to-taxpayer-data">close involvement of DOGE at the IRS</a> putting the security of taxpayer information at stake and the potential for delays in refund processing.
These events coincide with reports of federal workers turning to encrypted messaging amid the DOGE fallout.&nbsp;There are also reports <a href="https://www.benzinga.com/media/25/02/43772415/elon-musks-x-blocks-links-to-signal-app-as-federal-workers-turn-to-encrypted-messaging-amid-doge-fallout-report">that Elon Musk&#8217;s X is blocking links to Signal.me</a>, a URL shortener used by the private messaging app Signal, which Musk has previously endorsed.
Elon Musk&#8217;s DOGE initiative has received a lot of criticism over the lack of transparency. Previously, Billionaire entrepreneur, Mark Cuban, <a href="https://benzinga.com/markets/25/02/43585860/mark-cuban-says-he-backs-government-efficiency-but-questions-elon-musks-doge-initiatives-transparency-if-you-have-nothing-to-hide-hide-nothing">challenged the DOGE operations</a> and suggested that Musk should collaborate with the Democrats to work with his DOGE teams to offer a more transparent view of the project&#8217;s operations.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/25/02/43690690/elon-musk-urges-trump-to-delete-entire-agencies-as-doge-lead-calls-for-radical-us-spending-cuts-remove-the-roots-of-the-weeds">Elon Musk Urges Trump To &#8216;Delete Entire Agencies&#8217; As DOGE Lead Calls For Radical US Spending Cuts: &#8216;Remove The Roots Of The Weeds&#8217; (UPDATED)</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Social Security Chief Michelle King Steps Down Amid Elon Musk-Led DOGE's Reported Push For Beneficiary Data

Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) plans to cancel treasury shares worth 3.05 trillion won ($2.11 billion), marking a significant move to enhance shareholder value. 
The tech giant also announced a new share repurchase program targeting 2.7 trillion won ($1.87 billion) in common shares and 304 billion won ($210.31 million) in preferred shares between Feb. 19 and May 16, Reuters reported.
This decision follows Samsung&#8217;s November announcement of a 10 trillion won ($6.92 billion) share buyback program, its first since 2017, initiated after the company&#8217;s stock underperformed competitors like SK Hynix Inc. In the recent buyback phase completed on Feb. 13, Samsung acquired approximately 50.14 million common shares at 54,526 won ($37.72) per share and 6.91 million preferred shares at 45,500 won ($31.48) each.
The company&#8217;s largest shareholder, Samsung Life Insurance, adjusted its position during this period, reducing its common shareholdings from 508.16 million to 503.90 million shares through market transactions.
Price Action: Samsung is trading at 57,100 won ($39.47), up 1.96%, as of 2:56 PM local time on the South Korea Exchange on Tuesday.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

SSNLF

Samsung To Cancel $2.11 Billion In Treasury Shares, Launches Fresh $2.08 Billion Buyback

Macro Economic Events

Econ #s

Economics

France Harmonised Index of Consumer Prices (MoM) For January -0.2% Vs. -0.2% Est.; -0.1% Prior

France Consumer Price Index (MoM) For January 0.1% Vs. -0.1% Est.; 0.2% Prior

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 Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) to report quarterly earnings at $1.36 per share on revenue of $8.32 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Medtronic shares gained 0.7% to $93.44 in after-hours trading.</li>
<li>Analysts are expecting Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) to post quarterly earnings at $1.78 per share on revenue of $4.56 billion. The company will release earnings before the markets open. Baidu shares rose 0.3% to $97.72 in after-hours trading.</li>
<li>Sohu.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) posted a non-GAAP net loss of $15 million for the fourth quarter, versus a year-ago loss of $11 million. Total revenues fell 5% year-over-year to $135 million. Sohu.com shares gained 1.6% to $14.90 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) is projected to report quarterly earnings at 70 cents per share on revenue of $7.05 billion. Occidental Petroleum shares gained 0.6% to $48.33 in the after-hours trading session.</li>
<li>Analysts expect Fluor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) to post quarterly earnings at 77 cents per share on revenue of $4.42 billion before the opening bell. Fluor shares gained 0.9% to $43.80 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

Medtronic, Fluor And 3 Stocks To Watch Heading Into Tuesday

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