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HAL-GE Fighter Jet

Hindustan Aeronautics jumped 4% higher at the bourses on Monday following the company&#8217;s second-quarter results where the firm&#8217;s net profit was seen jumping by 22%.



What Happened: The aerospace and defence company&#8217;s <a href="https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates">net profit for the quarter</a> under review stood at ₹1,510.4 crore, ahead of the street&#8217;s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase&nbsp;year-on-year, below the analysts&#8217; estimates.



CLSA has an &#8220;outperform&#8221; rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL&#8217;s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. 



The brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm&#8217;s growth.



See Also: <a href="https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md">EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD</a>



Jefferies has a &#8220;buy&#8221; rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. 



The higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.



Antique Broking also maintained its &#8220;buy&#8221; rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL&#8217;s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.



With the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.



Price Action: Shares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.



Read Next: <a href="https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2">NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2</a>

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The brokerage sees an expected order of large helicopter and Sukhoi aircraft as in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.

HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print 

Nivedita Hazra

The brokerage sees an expected order of large helicopter and Sukhoi aircraft as  in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.

HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print

Stock market analysts

NBCC&#8216;s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.



The NBCC Analyst: Analysts at Nuvama upgraded the stock&#8217;s rating to &#8220;buy&#8221; from &#8220;hold&#8221; with a price target of ₹133. The target indicates an around 47% upside from the stock&#8217;s last closing price of ₹89.90.



The NBCC Thesis: Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU&#8217;s rating.



Nuvama highlighted that NBCC&#8217;s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, <a href="https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr">which weighed on the adjusted profit after tax (PAT). </a>



The company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.



See Also: <a href="https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2">Garden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2</a>



The brokerage also mentioned the company&#8217;s strong order. NBCC&#8217;s consolidated o<a href="https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2">rder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. </a>



Of this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.



While the company&#8217;s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.



The brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.



Price Action: NBCC&#8217;s share price was up 0.22% to trade at ₹89.80 on Monday morning.



Read Next: <a href="https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-">CLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China</a>



Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Analyst Color

Upgrades

NBCC's share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.

NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead 

Benzinga India Staff

NBCC

NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead

SPlendor

Hero Motocorp shares were on the rise on Monday after the company posted its results on Thursday last week that beat street estimates.



What Happened: The two-wheeler maker <a href="https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates">posted a net profit of ₹1,203.54 crore</a>, making a 14% year-on-year increase. The company that manufactures Harley Davidson in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. 



The company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.



Brokerage Views: Jefferies gave a "buy" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. 



See Also: <a href="https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md">EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD</a>



However, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. 



Nomura also kept a "buy" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons.&nbsp;



The brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. 



Price Action: Shares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. 



Read Next: <a href="https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2">NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2</a>

Hero Motocorp shares rise 3.41% after posting a net profit of ₹1,203.54 crore in Q2, with 11% jump in revenue. Rural improvement expected to boost sales.

Hero MotoCorp Shares Jump 3% After Strong Q2 Results 

Ananthu C U

Hero Motocorp

Hero MotoCorp Shares Jump 3% After Strong Q2 Results

<a href="https://www.benzinga.com/news/25/01/42947081/a-salary-is-the-drug-they-give-you-to-forget-your-dreams-says-kevin-oleary-encourages-people-to-embrace-the-fear-of-failure">Kevin O'Leary</a>, the investor famously known from Shark Tank, has once again stepped into the heated debate about TikTok's future in the United States. Alongside billionaire entrepreneur Frank McCourt, O'Leary is pushing a bold plan to save the platform from a potential nationwide ban, which he says would be devastating for small businesses nationwide.



<h2 class="wp-block-heading">Why TikTok Matters to Small Businesses</h2>



TikTok is a key tool for the success of many small businesses in America. Kevin O'Leary says six million businesses use the app to sell products, find customers and make money. If TikTok is shut down, it would cause big problems for these businesses.



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"I don&#8217;t want it shut down. It&#8217;s not good for my businesses, it&#8217;s not good for six million other small businesses in America that make a living off it," O'Leary said in a recent <a href="https://www.youtube.com/watch?v=9s94nz8JY-U">interview</a>. "We just need to take out the onerous piece – the spyware – that&#8217;s what Congress is upset about."



<h2 class="wp-block-heading">The Spyware Problem</h2>



TikTok&#8217;s controversy stems from its parent company, <a href="https://www.benzinga.com/tech/24/11/42069805/bytedance-valuation-soars-to-300b-despite-threat-of-us-tiktok-ban">ByteDance, a Chinese tech giant</a>. U.S. lawmakers from both parties have raised concerns about the app's data security and potential ties to the Chinese government. The fear is that TikTok's algorithm could serve as a tool for surveillance or propaganda.



O'Leary and McCourt's solution? Buy TikTok's U.S. operations outright. <a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Their proposal</a> involves acquiring the app without its famous algorithm – the technology that powers TikTok's addictive "For You" feed. "We don&#8217;t want to buy the algorithm, we can&#8217;t use it. That&#8217;s spyware," O'Leary explained. "We&#8217;re going to rebuild the product and make it much better."



See Also: With 100+ historic trademark victories, this company holds IP for some of the highest-grossing characters in history. Now, they've propelled these icons into the future using next-gen patented AR, VR, and AI technology. <a href="https://www.benzinga.com/money/elf-labs-1">There&#8217;s now a limited window for investors to claim shares at just $2/share with $980 minimum—but the clock is ticking.</a>



<h2 class="wp-block-heading">A Race Against Time</h2>



The urgency behind O'Leary's bid is tied to a looming deadline. A law passed earlier this year could result in TikTok being banned in the United States starting Jan. 19, 2025, unless the app is sold. <a href="https://www.benzinga.com/general/social-media/24/12/42680367/tiktok-on-trial-supreme-court-prepares-to-weigh-national-security-risks">The Supreme Court is deciding</a> whether this law will go into effect and O'Leary and McCourt are pushing to get their offer accepted before it's too late.



Critics have questioned whether TikTok can remain popular without its algorithm, which is central to its success. The algorithm is the magic behind the content recommendations that keep users hooked. But O'Leary insists that the platform's success doesn't hinge on the existing technology.



Trending: Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a>



O'Leary and McCourt's group, called The People's Bid for TikTok, has support from investors and tech experts, including Tim Berners-Lee, the inventor of the World Wide Web. They've also talked to lawmakers and plan to work with President-elect Donald Trump to close the deal.



McCourt emphasized the importance of keeping TikTok running for its millions of users. "By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform," he said. "We look forward to working with ByteDance, President-elect Trump and the incoming administration to get this deal done."



Even though ByteDance has repeatedly stated that <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">TikTok is not for sale</a>, O&#8217;Leary and McCourt are committed to finding a solution.



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Kevin O&#39;Leary Warns That Shutting Down TikTok Would Hurt &#39;6 Million Small Businesses In America&#39; That Rely On It To Make A Living

With Donald Trump&#8216;s swearing-in as the 47th president rapidly approaching, betting markets are in overdrive, pricing in a flurry of executive actions.



Traders on the CFTC-regulated platform Kalshi see an 80% chance Trump will sign at least 15 executive orders on his first day, with the most aggressive wagers banking on 50 or more — offering a 28% implied probability.



From a potential flood of executive orders to new tariffs, immigration crackdowns, and even Bitcoin policy shifts, the first days of the Trump administration could be some of the most consequential in recent history.



<h1 class="wp-block-heading">How Many Executive Orders On Trump Day 1?</h1>



The Kalshi platform, which allows traders to bet on political and economic outcomes, indicates Trump will sign an average of 38 executive orders on Inauguration Day.


<iframe loading="lazy" style="border: 0;" src="https://kalshi.com/external-widgets/events/KXEOCOUNTDAY1B-25JAN20?color_scheme=light&amp;widget_size=medium&amp;variant=a&amp;ids=KXEOCOUNTDAY1B-25JAN20-49&amp;ids=KXEOCOUNTDAY1B-25JAN20-22.0&amp;ids=KXEOCOUNTDAY1B-25JAN20-27.0" width="488px" height="196px"></iframe>






For comparison, President Joe Biden issued 17 orders on his first day in 2021, while Trump signed 14 in 2017 during his first term. The most aggressive bet — on 50 or more orders — carries a 28% probability by Friday 3:10 p.m. ET, meaning a $1 wager could return $3 if Trump surpasses that threshold.



<h1 class="wp-block-heading">Will Trump Lower Corporate And High-Earner Taxes?</h1>



Betting markets assign a 55% probability that Trump will cut corporate taxes this year, signaling a potential reversal of Biden-era policies. 



Meanwhile, there&#8217;s an 89% chance that he will extend tax cuts for high earners, a key priority for his administration. Trump&#8217;s 2017 tax reform significantly reduced corporate tax rates from 35% to 21%. 



<h1 class="wp-block-heading">Immigration Crackdown: A Near Certainty</h1>



One of the most heavily priced-in actions is Trump&#8217;s potential move on illegal immigration. 



Betting markets assign a 94% probability that he will take action on deportations within his first 100 days. 



This aligns with his campaign rhetoric, where he vowed to reinstate and expand the &#8220;Remain in Mexico&#8221; policy, increase deportations, and impose tougher border controls.



<h1 class="wp-block-heading">Tariffs: Who's In The Crosshairs?</h1>



Markets are also weighing in on which countries Trump may hit with tariffs in his first 48 hours.



<ul>
<li>China: 46% chance of new tariffs</li>



<li>Mexico: 46% chance</li>



<li>Canada: 35% chance</li>



<li>European Union: 10% chance</li>
</ul>


<iframe loading="lazy" src="https://kalshi.com/external-widget/events-categorical/KXTARIFFSC-25JAN23?color_scheme=light&#038;widget_size=large" width="488px" height="242px" style="border:0" />






Trump has already promised to slap a 10% universal tariff on all imports and potentially much steeper duties on Chinese goods.



<h1 class="wp-block-heading">Declaring A National Emergency: 80% Probability</h1>



Another major bet is whether Trump will declare a national emergency within his first 100 days — a scenario with an 80% probability.



While the specific trigger remains unclear, possibilities include immigration, trade or domestic unrest.



His 2019 national emergency declaration to fund the border wall set a precedent, making this a key market-moving event to watch.



<h1 class="wp-block-heading">Bitcoin Reserve: A Surprising 66% Chance</h1>



A more unconventional wager is whether Trump will establish a National Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve this year, a market with a 66% implied probability.



While Trump was previously skeptical of cryptocurrencies, he recently shifted his stance, touting himself as a crypto-friendly candidate. 



If he moves forward with such a reserve, it could mark a seismic shift in U.S. financial policy.


<iframe loading="lazy" style="border: 0;" src="https://kalshi.com/external-widgets/events/KXBTCRESERVE-26?color_scheme=light&amp;widget_size=medium&amp;variant=a" width="488px" height="160px"></iframe>


<h1 class="wp-block-heading">Birthright Citizenship: A 69% Likelihood of Action</h1>



Markets are also pricing in a 69% chance that Trump will attempt to end birthright citizenship within his first 100 days. 



This would likely face immediate legal challenges as the 14th Amendment guarantees citizenship to anyone born in the U.S. Nonetheless, it remains a high-priority issue for his administration and traders are betting on early executive action.



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Photo: Shutterstock

With Donald Trump‘s swearing-in as the 47th president rapidly approaching, betting markets are in overdrive, pricing in a flurry of executive actions.

Betting Markets Brace For Wave Of Executive Orders On Trump Day 1: Immigration, Tariffs Top Issues On The Table

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43064144/wall-street-roars-ahead-of-trumps-inauguration-intel-rallies-bitcoin-tops-105000-whats-driving-markets-friday">surge in early November.</a>



Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one rate cut by year-end while the 30-year Treasury <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">yield hovered around 5%.</a>



Fresh data showed inflation rising for the third straight month up to 2.9%, yet right in line with forecasts. A softer core reading — excluding food and energy — gave traders hope that the Fed might cut rates at <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">least twice this year.</a>



Adding fuel to the bull run, major banks kicked off the fourth-quarter 2024 earnings season with blowout results.



Financial stocks — as tracked by the Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) — jumped 6% for the week, their best <a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election">rally since October 2023.</a> Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) led the charge among big players, surging 11% to hit record highs.



In commodities, oil briefly touched $80 per barrel before retreating after the approval of a ceasefire deal in Gaza <a href="https://www.benzinga.com/news/global/25/01/43055426/oil-dips-as-israeli-security-cabinet-approves-gaza-ceasefire-yet-experts-warn-red-sea-risks-persist">between Israel and Hamas.</a>



In cryptocurrency markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to defy gravity, surpassing $100,000, fueled by optimism over crypto-friendly policies under the incoming Donald Trump administration.



Trump will officially take office as the 47th U.S. president on Monday.



You might have missed&#8230;



<h1 class="wp-block-heading">Bessent&#8217;s Economic Vision</h1>



Scott Bessent, Trump's Treasury secretary nominee, laid out his economic agenda before the Senate, emphasizing tax cuts, deregulation, energy expansion and tougher trade policies — particularly targeting <a href="https://www.benzinga.com/government/regulations/25/01/43041207/5-things-investors-need-to-know-about-scott-bessents-economic-policies-as-he-faces-senate-grilling-for-treasury-job">China, Russia and Iran.</a>



<h1 class="wp-block-heading">Bitcoin Reserve Talks</h1>



Reports suggest Trump is open to the idea of a U.S. strategic Bitcoin reserve, a move that could reshape fiscal policy and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43035888/donald-trump-reportedly-open-to-us-crypto-reserve-as-bitcoin-reserve-chatter-gathers-steam">spark industrywide debate.</a>



<h1 class="wp-block-heading">Detroit EV Surge</h1>



Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported a sharp rise in electric vehicle sales, with the Mustang Mach-E and Cadillac Lyriq emerging <a href="https://www.benzinga.com/trading-ideas/25/01/42978236/us-electric-vehicle-sales-hit-record-1-3-million-units-in-2024-despite-tesla-declines-top-10-bestselling-models-list">as top sellers in 2024.</a>



<h1 class="wp-block-heading">TikTok Ban Upheld</h1>



The U.S. Supreme Court upheld a law forcing ByteDance to sell the TikTok app by Jan. 19 <a href="https://www.benzinga.com/general/social-media/25/01/43060894/supreme-court-upholds-tiktok-ban-ahead-of-trumps-inauguration">over national security concerns.</a> Trump could attempt to roll back the <a href="https://www.benzinga.com/general/social-media/25/01/43018125/trump-considers-executive-order-to-save-tiktok-from-being-banned-in-4-days">ban after taking office.</a>



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</ul>



Photo: Shutterstock

A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November

Wall Street Rallies As Inflation Fears Recede, Banks Smash Earnings, Bitcoin Reclaims $100,000: This Week In The Markets

As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports. 



The firm also took a look at how the Los Angeles area wildfires will affect the companies<a href="https://www.benzinga.com/news/legal/25/01/42953761/santa-ana-winds-return-as-la-wildfire-damage-estimates-rise-to-at-least-250-billion-fire-officials-investigate-downed-power-lines"> in the current quarter. </a>



Allstate: BofA expects Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) to report $764 million in catastrophe losses for the fourth quarter, equaling a catastrophe load of 5.5%. The firm noted that Allstate reported net catastrophe losses of $286 million in October, which included losses from Hurricane Milton, unfavorable reserve re-estimates from Hurricane Helene and losses from other inclement weather events in North America.



BofA currently sees first-quarter catastrophe losses of $1.46 billion — 10.3% catastrophe load —  which includes $700 million from the California wildfires, where the firm expects Allstate to incur more losses from the Eaton fire as compared to the Palisades fire.  



BofA Securities maintained a Buy rating on Allstate shares but lowered its price target from $285 to $279. 



Allstate is set to report its fourth-quarter financial results on Feb. 5 after the closing bell. Analysts expect the company to report earnings of $5.95 per share and revenue of $14.7 billion for the quarter.&nbsp;



Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43041254/unitedhealth-ceo-highlights-hospitals-doctors-pharmas-role-in-soaring-health-care-costs">UnitedHealth CEO Highlights Hospitals, Doctors, Pharma&#8217;s Role In Soaring Health Care Costs</a>&nbsp;



Chubb: The firm sees Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) reporting $851 million in catastrophe losses, or an 8.1% loss ratio impact, for the first quarter. Chubb was exposed to adverse weather events around the world including European flooding, Hurricane Milton and other weather events in the U.S.



BofA pointed to Chubb as a major underwriter of high-net-worth homeowners' insurance and is modeling $1.9 billion, a 17.5% catastrophe load, of first-quarter catastrophe losses for the insurer. The California wildfires account for $1.3 billion of those projected first-quarter catastrophe losses.&nbsp;&nbsp;



BofA Securities maintained an Underperform rating on Chubb and lowered its price target from $272 to $266. 



Chubb is set to report its fourth-quarter financial results on Jan. 28 after the market close. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzingo Pro</a>, analysts expect the company to report earnings of $5.46 per share on revenue of $12.277 billion.&nbsp;



Progressive: The analysts expect Progressive to report $104 million in catastrophe losses in December, which would bring its fourth-quarter catastrophe losses to $340 million. 



BofA models first-quarter catastrophe losses of $584 million, including $90 million from the California wildfires, with two-thirds of those losses from the auto segment.&nbsp;



BofA Securities maintained Progressive with a Buy rating and lowered its price target from $339 to $322. 



Progressive is set to report its fourth-quarter results before the opening bell on Jan. 29. Analysts expect the company to report earnings of $3.52 per share and revenue of $18.357 billion for the quarter.&nbsp;



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/25/01/43007213/experts-see-the-fed-on-hold-for-now-if-there-are-any-cuts-at-all-in-2025-after-decembers-sticky-consumer-inflation-report">Interest Rate Cuts &#8216;On Hold&#8230; If There Are Any At All In 2025&#8217; After December&#8217;s Sticky Consumer Inflation Report: Economists&nbsp;</a></li>
</ul>



Photo: Shutterstock

As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers&#39; fourth-quarter reports. The firm also took a look at how the Los Angeles area wildfires will affect the companies in the current quarter. 

Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports

<a href="https://www.benzinga.com/topic/vivek-ramaswamy">Vivek Ramaswamy</a>, co-chair of President-elect Donald Trump's Department of Government Efficiency (DOGE) along with Elon Musk, says he plans to run for governor of Ohio, <a href="https://www.washingtonpost.com/politics/2025/01/17/vivek-ramaswamy-ohio-governor-run/">reported</a> the Washington Post on Friday, citing two people familiar with his plans.



"Vivek's base plan remains [the] same: to get accomplishments at DOGE and then announce a run for governor shortly," said an Ohioan familiar with Ramaswamy's plan who spoke to the Post on the condition of anonymity.



Another source confirmed that the tech billionaire, a native of Ohio, was planning a run to replace Gov. Mike DeWine (R), who has served two terms and cannot run again. "The statement is drafted. It is ready," the person said, citing Ramaswamy himself. Ramaswamy had planned to announce his selection after DeWine announced his pick to replace Vice President-elect JD Vance in the Senate, the person said.



DeWine <a href="https://www.statenews.org/">did just that on Friday</a> when he appointed his Lieutenant Governor Jon Husted, to fill Vance&#8217;s vacated Senate seat. DeWine also confirmed to the Ohio media at a press conference in Columbus that he and Husted had <a href="https://www.benzinga.com/news/24/12/42675461/gov-dewine-meets-trump-in-mar-a-lago-to-discuss-senate-replacement-for-vp-vance">visited Trump's Mar-a-Lago residence</a> in Florida just before Christmas.



<h2 class="wp-block-heading">What Happens To DOGE?</h2>



Trump, who <a href="https://www.benzinga.com/government/regulations/24/11/41931503/trump-forms-doge-with-elon-musk-and-vivek-ramaswamy-at-the-helm-will-it-impact-tesla-ceos-role-at-the-ev-giant-and-spacex">created the unofficial agency</a> to cut unnecessary government spending, has said DOGE's work must be completed by "no later than July 4, 2026," which would be prior to Ohio's gubernatorial election in November 2026.



Ramaswamy and Musk&#8217;s goal is to cut $500 billion in annual spending, according to their Wall Street Journal <a href="https://www.wsj.com/opinion/musk-and-ramaswamy-the-doge-plan-to-reform-government-supreme-court-guidance-end-executive-power-grab-fa51c020?mod=opinion_trendingnow_article_pos1" target="_blank" rel="noreferrer noopener">opinion piece</a>.



Ramaswamy, who ran against Trump in the 2024 primary for a short time, founded the biotech company Roivant Sciences in 2014, where he served as CEO until he stepped down in 2021, <a href="https://www.nbc4i.com/news/your-local-election-hq/ohio-billionaire-and-doge-appointee-vivek-ramaswamy-to-announce-governor-run/">noted</a> an Ohio NBC news outlet. 



In November 2024, before he dropped out of the presidential primary, <a href="https://www.forbes.com/sites/johnhyatt/2024/11/13/how-vivek-ramaswamy-became-a-billionaire/">Forbes ranked Ramaswamy</a> as "the second-wealthiest person competing in the Republican presidential primary," only behind Trump. The outlet estimated Ramaswamy&#8217;s his net worth at around $1 billion.



Read Now:



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<li><a href="https://www.benzinga.com/tech/25/01/43059076/trump-cabinet-pick-for-homeland-security-kristi-noem-begins-senate-confirmation-hearings">Trump Cabinet Pick For Homeland Security, Kristi Noem, Begins Senate Confirmation Hearings</a></li>
</ul>



Photo: Shutterstock

Ramaswamy plans to slash trillions in federal spending by 2026 and then announce a run for Ohio governor, reported the Washington Post.

Billionaire Vivek Ramaswamy To Run For Ohio Governor, Replacing DeWine: What Happens To Trump&#39;s DOGE Program?

The price of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43053452/dogecoin-rallies-10-to-41-cents-how-high-can-doge-go">is rallying ahead</a> of Donald Trump's inauguration, set to take place on Monday, Jan. 20.



Dogecoin, launched in 2013, experienced its most memorable <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24814327/2021-was-the-year-of-dogecoin-a-month-by-month-retrospective-with-top-stories">year yet in 2021.</a>



As Dogecoin gains in 2025, here's a look back at how much investors could have made by investing in the coin at the start of 2021, when social media buzz, Google Trends spikes, and new exchange listings fueled its rapid rise.



What Happened:&nbsp;Dogecoin became a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36098489/much-wow-dogecoin-celebrates-10-years-looking-back-looking-ahead-for-the-good-boi-cryptocu" target="_blank" rel="noreferrer noopener">huge storyline in 2021</a>&nbsp;with public figures like&nbsp;Elon Musk&nbsp;and&nbsp;Mark Cuban&nbsp;generating support and posting positive thoughts about the crypto on social media.



In early January, Dogecoin emerged as a popular topic across social media platforms and experienced an uptick in Google Trends.



Later in 2021, demand for Dogecoin led to more cryptocurrency exchanges adding the coin to their platform, making it easier than ever for investors to buy and hold Dogecoin. Frequently, the addition of Dogecoin to a new exchange or an announcement of its impending inclusion has triggered a price surge for the cryptocurrency.



Throughout 2021, tweets from Musk would result in heightened trading activity and a rise in Dogecoin&#8217;s price.



Dogecoin hit many all-time highs throughout 2021, peaking at $0.7376 in May 2021, which came around the time Musk was the featured guest host of an episode of "Saturday Night Live."



Investors who bought Dogecoin shortly before the SNL episode aired or in the latter part of 2021 may be down on their current position.



Here's a look at how investors who got in early, back at the start of 2021 when Dogecoin was a major trending topic, have fared.



Read Also: <a href="https://www.benzinga.com/general/education/25/01/43063679/if-you-invested-100-in-shiba-inu-when-the-coin-launched-heres-how-much-youd-have-today-2">If You Invested $100 In Shiba Inu When The Coin Launched, Here&#8217;s How Much You&#8217;d Have Today</a>



Investing $1,000 in Dogecoin:&nbsp;Investors who saw Dogecoin trending on social media as the new year kicked off and placed a small bet on the cryptocurrency continuing its momentum would have been pleasantly rewarded.



Dogecoin opened for trading on Jan. 1, 2021 at $0.00468 and hit a high of $0.005685 on that day. A $1,000 investment at the time could have purchased 175,901.50 DOGE based on the highest price that day.



The $1,000 investment in Dogecoin would be worth $73,474.06 today, based on a price of $0.4177 for Dogecoin at the time of writing. This represents a hypothetical return of 7,247.4%% over the last three-plus years.



At its peak price of $0.7376, the $1,000 investment in Dogecoin would have been worth $129,744.95.



For comparison, the same $1,000 invested in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 Index, would be worth $1,714.80 today. This represents a return of 71.5% over the same time period. &nbsp;



Whether an investor sold during the run-up to all-time highs or is currently holding, if they bought Dogecoin in early 2021, they are likely saying "Much Wow."



What's Next: There is optimism within the cryptocurrency industry that Donald Trump as president will send coin prices higher, with many cryptos hitting new all-time highs after the 2024 presidential election outcome.



A<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41758045/dogecoin-jumps-on-election-day-poll-asks-if-trump-or-harris-victory-will-spark-2025-rally"> previous Benzinga poll</a> found that 72% of respondents believed Trump would be more favorable for the future of Dogecoin, compared to 28% for presidential candidate Kamala Harris.



A <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42607398/dogecoin-down-17-in-one-month-will-meme-crypto-reach-25-cents-or-69-cents-first-78-of-readers-say">December poll asked </a>Benzinga readers if Dogecoin was more likely to reach 25 cents or 69 cents first. The large majority (78%) of respondents selected 69 cents as the option compared to 22% who selected 25 cents.



Dogecoin traded between 15 cents and 18 cents on Nov. 5, 2024, the day of the U.S. presidential election. Like many cryptocurrencies, Dogecoin gained in the day and weeks after Trump's victory.



Over the last year, Dogecoin has traded between $0.07515 and $0.4835, with the yearly high hit in December. In the last month, Dogecoin has traded between $0.2644 and $0.4205, with the monthly high hit on Friday.



The cryptocurrency industry will be closely monitoring how the sector responds after Trump is inaugurated. 



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41908812/if-you-invested-100-in-dogecoin-when-the-meme-coin-launched-heres-how-much-youd-have-today">If You Invested $100 In Dogecoin When The Meme Coin Launched, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>



This article was previously published by Benzinga and has been updated.



Photo: Shutterstock

The price of Dogecoin (CRYPTO: DOGE) is rallying ahead of Donald Trump&#39;s inauguration, set to take place on Monday, Jan. 20.

If You Invested $1,000 In Dogecoin On Jan. 1, 2021, Here&#39;s How Much You&#39;d Have Today

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