MARKET RECAP

Yesterday: Stocks rose Wednesday, with the S&P 500 gaining 0.4% as strong earnings and labor market data supported sentiment. Bond yields dipped following a weaker-than-expected ISM services reading, while investors now turn their focus to upcoming job reports and further corporate earnings.

On Our Radar: After dissecting initial jobless claims and productivity numbers, attention will turn to Friday’s jobs report. On the earnings front, Amazon will disclose its Q4 results following Thursday’s close.

TOP STORY

Cathie Wood Sells Palantir Shares As Rally Cools Down, Ark Invest Also Dumps Nearly $7 Million Worth Of Robinhood Stock

Cathie Wood’s Ark Invest is reshuffling its holdings, locking in profits on high-flyers while pivoting toward fresh opportunities in the market.

Find out which stocks are seeing inflows — and which ones are being left behind.

SPONSORED CONTENT

Globavend, An Emergent Player Within The Logistics Landscape

In an increasingly interconnected world, where one’s customers are not only within their local market but potentially located around the world, delivering goods efficiently is critical. Globavend Holdings Limited (NASDAQ: GVH), an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia and New Zealand, is entering the global logistic ecosystem, going against players such as DHL (OTC: DHLGY), FedEx (NYSE: FDX) and Hongkong Post. 

The company has been working to expand its footprint in Australia, securing multiple partnerships for expansion after going public in 2023 and securing $20 million in an equity purchase agreement in 2024. It plans to continue upgrading warehousing facilities for value-added logistics services and exploring strategic alliances or acquisition opportunities

To learn more about Globavend Holdings, click here.

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FIVE ZINGERS

Hot Water: The Trump administration stepped back from a controversial proposal to assume control over Gaza following immediate backlash. Discover the reframing of the potential solution.

Counter Move: Chip designer Arm Holdings posted fiscal Q3 results, beating on both the top and bottom lines. However, read about the details that sparked an after-hours selloff.

Golden Rally: Gold's momentum continues to flex its muscles, with the price spike showing no sign of fading. Here are the miners enjoying the bonanza.

Trump Card: The Official TRUMP coin continues to impress onlookers, with a blistering performance that continues to outpace several of its blockchain peers. Learn about the coin's practical use cases.

No Deal: Nissan Motor CEO Makoto Uchida informed Honda Motor head exec Toshihiro Mibe of his intentions to terminate merger talks. Here's how the affected securities responded.

SPECIAL OFFER

C-Suite Buy Of The Week: Cautious Moves Signal Shift In Market Dynamics

Editor’s Note: Every Thursday, Benzinga Edge members receive the C-Suite Buy of the Week, a report by Tim Melvin detailing the insider buying that, unlike most, is actually worth paying attention to. Here’s a sneak peek at last week’s:

Insider activity has pretty much ground to a halt. This is largely due to earnings season, which has slammingly closed the window of opportunity for insiders at most U.S.-based corporations.

However, I would be remiss if I did not point out that insider buy-sell ratios began to turn bearish in mid-December and have steadily worsened. We also do not see much large-scale institutional buying at the moment. The clerks at the SEC who process 13D and 13G filings have temporarily replaced the Maytag repairman as the loneliest people on earth.

While insider ratios and the slowing pace of institutional activity do not necessarily signal impending doom, they tell us there is an air of caution and even uncertainty around the financial markets. Valuations are extremely high, and many measures of corporate values are approaching levels like, or even higher than, the nosebleed levels of early 2000.

We have a new administration whose policies on almost everything are completely different from those of the previous administration. Donald Trump has been in office for ten days now and has proven himself fairly unpredictable in his actions. Even harder to foresee is the financial market’s reaction to his policies and decisions. This combination of caution and uncertainty has insiders and fund managers standing on the sidelines for the moment.

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