Northern Lights Fund Trust III Swan Enhanced Dividend Income ETF (BATS: SCLZ)

Latest news for Northern Lights Fund Trust III Swan Enhanced Dividend Income ETF (BATS:SCLZ)

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The Fund is an actively managed exchange-traded fund (ETF) that, under normal circumstances, invests at least 80 percent of its assets (defined as net assets plus borrowing for investment purposes) in dividend-paying common stocks. The Fund invests primarily in large-cap and mid-cap U.S. companies. Additionally, the Fund seeks to enhance its returns by writing call options against all or a portion of its stock portfolio.

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Swan Enhanced Dividend Income ETF

Northern Lights Fund Trust III Swan Enhanced Dividend Income ETF

Scales Corp Ltd

Ahead of the 2024 presidential election, former President Donald Trump has made headlines with his latest trade policy proposal, promising a hefty tariff on John Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) for moving production to Mexico.
What Happened: Several trade economists have criticized this move by the former President, Business Insider <a href="https://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9">reported</a> on Wednesday.
Jonathan W. Coppess, director of the agriculture policy program at the University of Illinois Urbana-Champaign, said that John Deere is a significant manufacturer, and relocating jobs has serious consequences. However, Coppess believes Trump&#8217;s solution may not be effective.
Ian Sheldon, a professor at Ohio State University, stated, &#8220;You&#8217;ll find no serious, respected trade economists thinking that this is a good idea.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a>
He described the tariff as &#8220;huge&#8221; and potentially prohibitive, suggesting it could severely restrict imports of John Deere products.
Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, shared similar concerns about the proposed tariff&#8217;s impact.
Why It Matters: Billionaire entrepreneur Mark Cuban criticized <a href="https://www.benzinga.com/news/24/09/40993998/mark-cuban-says-trumps-lack-of-understanding-business-is-insane-slams-200-tariff-threat-on-john-deer">Trump&#8217;s threat to impose</a> a 200% tariff on John Deere, calling it a "good way to destroy a legendary American company." Cuban&#8217;s remarks came in response to Trump&#8217;s comments made at a policy roundtable in Smithton, Pennsylvania. Trump warned John Deere of a 200% tariff if they proceed with plans to shift some production to Mexico. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40993998/mark-cuban-says-trumps-lack-of-understanding-business-is-insane-slams-200-tariff-threat-on-john-deer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Trump&#8217;s Lack Of Understanding Business Is &#8216;Insane&#8217; — Slams 200% Tariff Threat On John Deere: &#8216;Good Way To Destroy A Legendary American Company&#8217;</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

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Experts Slam Trump's 200% Tariff Threat To John Deere: 'You'll Find No Serious, Respected Trade Economists Thinking That This Is A Good Idea'

Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) stock has been in <a target="_blank" href="https://www.benzinga.com/news/24/09/40987695/whats-going-on-with-trump-media-technology-stock" rel="noreferrer noopener">recovery mode since</a> Tuesday after plunging on Monday, upon the expiration of a lockup period that prevented leading shareholders, including&nbsp;Donald Trump, from selling shares and his rejection of a second debate with Vice President&nbsp;Kamala Harris.
The Republican presidential nominee holds a 57% stake in the Truth Social parent worth nearly $1.5 billion, CNBC <a target="_blank" href="https://www.cnbc.com/2024/09/24/djt-trump-media-stock-selloff-lockup.html" rel="noreferrer noopener">reports</a> from Trump&#8217;s speech at Savannah on Tuesday.
Trump continues to woo voters with his pro-American policies, including a &#8220;manufacturing renaissance,&#8221; &#8220;substantial tariffs&#8221; on imported goods and proposed special manufacturing zones on federal land with ultra-low taxes and regulations for domestic producers, NRP <a target="_blank" href="https://www.npr.org/2024/09/24/g-s1-24359/trump-economy-speech-savannah-georgia-tariffs-steal-jobs" rel="noreferrer noopener">reports</a> from Savannah.
Trump promised to bring millions of jobs back to the U.S. from overseas and slash the corporate tax rate for domestic producers from 21% to 15%. He sees blanket&nbsp;tariffs&nbsp;of 10%-20% on all imports and tariffs of 60% or more on goods from China, according to Reuters reports from Savannah.
Trump assured support for the oil and gas industry by backing new pipelines, restoring fracking on federal land, and putting Alaska&#8217;s Arctic National Wildlife Refuge, where the Biden administration canceled oil and gas drilling leases. He promised to consider&nbsp;ending&nbsp;a $7,500 tax credit for electric vehicle purchases.&nbsp;
Trump proposed slapping 100% tariffs on every car across the U.S.-Mexico border while rewarding&nbsp;domestic manufacturers with R&amp;D tax credits.
Experts told Reuters that Trump&#8217;s tax cut plans would add $3.6 trillion to $6.6 trillion to federal deficits over a decade. Harris&#8217; spending and tax break plans could reduce the deficits by $0.4 trillion or increase them by up to $1.4 trillion over ten years.
Trump Media stock, which prices in Trump&#8217;s every move, plunged over 41% in the last 30 days.
Price Action: DJT stock is up 5.55% at $13.50 premarket at the last check Wednesday.
Photo via Shutterstock

Government

Regulations

Movers

Tech

Media

What's Going On With Trump Media & Technology Stock On Wednesday?

WIIM

Target Hospitality shares are trading lower after the company announced  that the Company's Board of Directors has determined to disband the Special Committee.

DASH

DoorDash shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight.

SFIX

Stitch Fix shares are trading lower after the company reported worse-than-expected Q4 EPS results.

Jacobs Was Selected By The New York Metropolitan Transportation Authority As The Program Management Consultant For The Long Island Rail Road Station Improvements Project

Oppenheimer analyst Edward Yang initiates coverage on Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) with a Outperform rating and announces Price Target of $260.

Price Target

Initiation

Analyst Ratings

ONTO

Oppenheimer Initiates Coverage On Onto Innovation with Outperform Rating, Announces Price Target of $260

Oppenheimer analyst Edward Yang initiates coverage on Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Outperform rating and announces Price Target of $70.

UCTT

Oppenheimer Initiates Coverage On Ultra Clean Hldgs with Outperform Rating, Announces Price Target of $70

Fortescue Metals (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>), a leading iron miner, has announced a $2.8 billion investment in fleet electrification. Despite falling iron ore prices and high energy prices that caused it to <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/07/39836855/fortescue-delays-green-hydrogen-ambitions-reaffirms-commitment-to-future-projects" rel="noreferrer noopener">pause green hydrogen projects</a> earlier this quarter, the company is firmly set on its green transition goals.
The multi-billion transaction will include purchasing 475 emission-free machines, including 360 autonomous battery-electric trucks, 55 electric excavators, and 60 new battery-electric dozers from Germany's Liebherr Group.
"You will watch the breath sucked out from CEOs' chests when they realize this is a $2.8 billion order; This is the future of the heavy industry. And it's zero emissions." Fortescue's chairman, Andrew Forrest, <a target="_blank" href="https://cdn.fortescue.com/docs/default-source/announcements-and-reports/fortescue-signs-green-equipment-partnership-with-liebherr-for-zero-emission-mining-solutions.pdf?sfvrsn=b9d61a71_5" rel="noreferrer noopener">stated</a>, following a Las Vegas mining expo.
Fortescue has set a bold target of reaching net-zero emissions by 2030, a goal that surpasses the ambitions of its peers, Rio Tinto and BHP.
While these competitors are also exploring electric haul trucks and other sustainable initiatives, Fortescue is pushing harder by focusing on eliminating fossil fuel use.
Unlike others who rely on carbon offsets, Forrest's strategy avoids what he calls "greenwashing," aiming for what he describes as "real zero."
Now read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40983325/mining-industry-needs-5-4-trillion-in-investments-to-meet-2035-demand-mckinsey-says" rel="noreferrer noopener">Mining Industry Needs $5.4 Trillion In Investments To Meet 2035 Demand, McKinsey Says</a>
The company has already been testing electric equipment, such as the 55 Liebherr R 9500 E electric excavators, in its Pilbara operations. Once the entire fleet is electrified, Fortescue expects to eliminate approximately 95 million liters of diesel annually.
An important component of Fortescue's electrification is powering its operations using renewable energy. The company currently sources power from a 60MW solar farm at Chichester Hub and plans to expand to 100% renewable power.
The electrification effort has already moved downstream, as the company also announced an agreement with the Downer Group to develop battery-electric trains, pursuing the elimination of emissions on routes from mines to ports.
"The time of others persuading you that greenwashing is a better return to shareholders and your community is over. Fortescue invites you to join us. We can together be the trailblazers who forge the world's move away from fossil fuels," Forrest noted.
Read Next: <a target="_blank" href="https://www.benzinga.com/government/24/09/41015993/moodys-sounds-alarm-on-widening-deficits-diverging-credit-risks-what-trump-harris-cant-ignore" rel="noreferrer noopener">Moody's Sounds Alarm On Widening Deficits, Diverging Credit Risks: What Trump, Harris Can't Ignore</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Photo by earth phakphum via Shutterstock

Large Cap

Commodities

FSUMF

Fortescue Announces $2.8B Electrification Deal, Chairman Claims 'Future Is Zero Emissions'

Oppenheimer analyst Edward Yang initiates coverage on KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Perform rating and announces Price Target of $750.

KLAC

Oppenheimer Initiates Coverage On KLA with Perform Rating, Announces Price Target of $750

William Blair analyst Andrew Jeffrey downgrades Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) from Outperform to Market Perform.

Downgrades

William Blair Downgrades Global Payments to Market Perform

Oppenheimer analyst Edward Yang initiates coverage on Ichor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICHR#NASDAQ">ICHR</a>) with a Perform rating and announces Price Target of $35.

ICHR

Oppenheimer Initiates Coverage On Ichor Hldgs with Perform Rating, Announces Price Target of $35

Oppenheimer analyst Edward Yang initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Underperform rating and announces Price Target of $225.

CDNS

Oppenheimer Initiates Coverage On Cadence Design Sys with Underperform Rating, Announces Price Target of $225

ACST

Acasti Pharma Announced That Patient Enrollment Has Been Completed In The Company's Phase 3 Strive-on Safety Trial (The STRIVE-ON trial–NCT05995405)

On-chain data provider Arkham Intelligence flagged movements of early Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/topic/whales#:~:text=Whales%20are%20major%20players%20in,prices%20to%20buy%20the%20token.">whales, who remained</a> dormant for years.
What Happened: The data firm shows a Bitcoin whale who had been inactive for almost a decade and holds bitcoin worth $77 million, mined in the initial two months of the network&#8217;s existence transferring 5 BTC to Kraken. The whale continues to <a href="https://x.com/ArkhamIntel/status/1838543209577730499">hold</a> 1,215 BTC in his address.
The Bitcoin was mined back in February and March 2009, just a month after Bitcoin's launch. After several movements between 2011-2014, Bitcoin was held dormant for nearly 10 years, during which its value surged from $474,000 to over $80 million.
This whale became active approximately three weeks ago and has so far moved 10 BTC to Kraken in three separate transactions. This activity comes shortly after another early Bitcoin whale, who mined his Bitcoin around the same time, woke up after 15 years of dormancy to move 250 BTC, worth $15.95 million. The Bitcoin was <a href="https://x.com/ArkhamIntel/status/1837186048935264710">moved</a> from five addresses that were active in January 2009, the first month of its existence.
<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/24/09/41012444/crypto-expert-tells-anthony-scaramucci-that-gold-and-bitcoin-are-safeguards-against-curren">Crypto Expert Tells Anthony Scaramucci That Gold And Bitcoin Are Safeguards Against Currency Debasement</a>
Why It Matters: There is no explanation to the sudden movement among Bitcoin whale wallets, adding to the intrigue and speculation surrounding these early investors.
One reason for such movements could be the expected potential bullish momentum for Bitcoin. Trader Crypto Vikings predicts bullish momentum for the next few months, with a target of $90,000 before the end of 2024.
For the short term, the trader expects a revisit of major trendline support, which would be the $62,000 level. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Update I am bullish for next few months and believe we could reach 90k$ per bitcoin before end of this year. Short term, we could revisit major trendline support at worst case which would be the 62k$ level else we may directly go up from here too so position accordingly. <a href="https://t.co/cnfKd4NcjL">pic.twitter.com/cnfKd4NcjL</a>
&mdash; Crypto Vikings (@CryptoVikings07) <a href="https://twitter.com/CryptoVikings07/status/1838850722408075471?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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What&#8217;s Next: The influence of&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;is expected to be thoroughly explored at Benzinga&#8217;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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41005694/bitcoin-is-gold-with-a-leverage-says-expert-who-sees-us-government-in-big-trouble-over-deb">Bitcoin Is &#8216;Gold With A Leverage,&#8217; Says Expert Who Sees US Government In Big Trouble Over Debt Burden</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Long Dormant Bitcoin Whales Are Waking Up: What Is Going On?

IFRX

InflaRx Announced The E-poster Presentation Of A Post Hoc Analysis Of The Shine Phase 2b Study Of Its First-in-class Anti-c5a Antibody, Vilobelimab, In Hidradenitis Suppurativa At The 2024 European Academy Of Dermatology And Venereology Congress

23andMe Holding Co Released A New Report On The Genetics Of Emotional Eating For 23andMe+ Premium Members, Informing Them If They Are At A Higher Likelihood Of Frequent Emotional Eating

Contracts

The Brink's Company Announced A Long-term ATM Managed Services Agreement With Sainsbury's

Loop Capital analyst Mark Schappel maintains Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) with a Buy and raises the price target from $285 to $310.

MNDY

Loop Capital Maintains Buy on Monday.Com, Raises Price Target to $310

TD Cowen analyst Bryan Bergin maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Buy and lowers the price target from $125 to $122.

TD Cowen Maintains Buy on Global Payments, Lowers Price Target to $122

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Northern Lights Fund Trust III Swan Enhanced Dividend Income ETF

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Latest news for Northern Lights Fund Trust III Swan Enhanced Dividend Income ETF (BATS:SCLZ)