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Over a double cheeseburger and fries, Robert F. Kennedy Jr. told Fox News host Sean Hannity earlier this month of his plans to improve the country’s health by incentivizing companies to step away from processed foods.

From across the red high-top table of a Florida Steak ’n Shake, the health and human services secretary went on to praise the Indianapolis-based fast-food chain as a shining example of change since it began cooking its shoestring fries in beef tallow instead of one of the many seed oils that have become targets of Kennedy’s health agenda.

“Steak ’n Shake has been great,” Kennedy said. “We’re very grateful to them for RFK’ing the french fries.”

The nationally televised praise marked the latest conservative endorsement for Steak ’n Shake, a 91-year-old company with 450 locations nationwide that has become one of the most high-profile businesses to support Kennedy’s “Make America Healthy Again” agenda — a move that has been boosted by Republican politicians and MAGA influencers including Rep. Anna Paulina Luna, Charlie Kirk, Laura Loomer, Kari Lake, Tony Shaffer and Benny Johnson.

“I just had a cheeseburger and fries cooked in beef tallow today for lunch! Delicious!!” Rep. Marjorie Taylor Greene, R-Ga., wrote on X.

At a time when many companies might be looking to avoid politics, Steak ’n Shake is opting to publicly align itself with Kennedy and other high-profile conservatives. On social media, the brand has transformed its feed from the usual steam of burgers and shakes into a near nonstop stream of Trump-adjacent iconography: Elon Musk, Teslas, Fox News clips and even a red hat emblazoned with the words “Make Frying Oil Tallow Again,” a version of which is available for purchase on Kennedy’s MAHA merchandise website.

The company has not publicly embraced Trump or any of his policies but has been full-throated in its embrace of Kennedy.

“We support MAHA,” Steak ’n Shake Chief Operations Officer Dan Edwards told NBC News last week. “Restaurant chains like ours would like to meet customer demand for better quality.”

Edwards said support for the company is “across the political spectrum” and that “there is nothing political about great-tasting fries.” He did not answer specifically whether the company had any fears about alienating customers who do not support Kennedy’s MAHA agenda or Trump.

“We are grateful to Secretary Kennedy for his leadership and for raising awareness about beef tallow,” he added.

It’s a bold move for a company that has weathered a rocky financial situation that forced the reported closure of 200 locations since 2018. While there is a wide array of relatively new and small brands that have sought to capitalize on the strength and passion of the MAGA movement, few, if any, established companies have shifted their public identity so quickly.

Politics aside, Steak ’n Shake’s choice to focus on seed oils comes with its own controversy.

The MAHA agenda, helmed by Kennedy, features several health-focused concerns of questionable veracity, including skepticism of the food and drug industry, fluoride in water and vaccines. Seed oils have also long been a target of unfounded theories about negative health impacts, some of which Kenney has touted, calling them “one of the most unhealthy ingredients we have in foods.”

Health experts have sought to counter those claims, noting that replacing seed oils with saturated fats offers little to no dietary benefit and can end up doing harm.

Maya Vadiveloo, an associate professor at the University of Rhode Island who specializes in nutrition, said it is “well established that saturated fats are linked to an increased risk of heart disease, while vegetable oils, including oils from seeds, protect heart health.”

Edwards said that while the burger brand supports Kennedy’s MAHA movement, Steak ’n Shake CEO Sardar Biglari, who acquired the company in 2008, has been trying to move to beef tallow for some time.

“My boss asked, ‘Why should Europeans have better fries than Americans?’” Edwards said. “My boss said one day that we need to RFK the fries. So, a verb was invented.”

As for the company’s sudden shift on social media, Edwards said the posts “sometimes are aspirational,” noting that “sometimes we refer to space or Mars.”

“NASA and Musk/SpaceX are the only two viable players in the area. We have referred to both,” Edwards said. “Regardless of politics, we admire Musk’s accomplishments.”

In February, Tesla wrote on X that it had signed a deal to build charging stations at several Steak ’n Shake locations after the fast food joint responded to Musk’s compliment on its fries. Edwards said discussions with Tesla and Steak ’n Shake started more than 18 months ago.

Steak ’n Shake’s shift hasn’t been entirely smooth. The Bulwark reported that the chain’s move inspired some in the MAHA world to look deeper at the company’s food practices, finding that its fries were precooked in seed oils. The company later acknowledged on its website that some of its foods arrived at locations prefried, and that the initial frying had been in seed oils.

However, Edwards said, because Kennedy has advocated for the removal of seed oils “completely,” the company is making a commitment to do so. And while he did not provide details as to how Hannity’s interview with Kennedy came about, he did say that when the Fox News host “calls, we answer.”

“Sean Hannity is the best. He knows the restaurant business,” he said. “We are honored Sean Hannity and Secretary Kennedy visited Steak ’n Shake.”

This post appeared first on NBC NEWS

Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.

Shares in the once-trillion-dollar company saw their worst day in five years this week. Year to date, Tesla’s stock has plunged 41% — though it is still up by about 36% over the past 12 months.

On Monday, the stock was down another 5%.

For Musk, Tesla’s shares remain his primary source of paper wealth, though he has also turned his stake in SpaceX into a personal lending tool. But it was proceeds from selling Tesla shares that helped Musk complete his acquisition of Twitter, now known as X.

Musk’s wealth also allowed him to help vault Donald Trump into a second presidential term. Even as Musk’s net worth has diminished as a result of Tesla’s recent share-price declines, data suggests he is in no danger of losing his title as the world’s wealthiest person.

Musk has said on X that he is not concerned about Tesla’s recent drop in value. Still, evidence suggests the company is entering a period of transition.

A spokesperson for Tesla did not respond to a request for comment.

Musk’s wealth has propelled him to a global presence that lacks precedent — and has polarized world opinion about the tech entrepreneur in the process. Any weakening of his financial position, therefore, could undercut his influence in the political and tech spaces where he now commands outsize attention.According to Bank of America, Tesla’s European sales plummeted by about 50% in January compared with the same month a year prior.

Some say this is attributable to a growing distaste for Musk, who has begun dabbling in the continent’s politics in the wake of his successful support of Trump’s candidacy last year.

Others note Tesla’s European market is facing increased competition from the Chinese electric-vehicle maker BYD, which has telegraphed ambitious plans for expansion on the continent.  

A more decisive blow to Tesla’s near-term fortunes may be emanating from China itself. There, Tesla’s shipments plunged 49% in February from a year earlier, to just 30,688 vehicles, according to official data cited by Bloomberg News. That’s the lowest monthly figure registered since July 2022 — amid the throes of Covid-19 — when it shipped just 28,217 EVs, Bloomberg said.

This post appeared first on NBC NEWS

Is a new market uptrend on the horizon? In this video, Mary Ellen breaks down the latest stock market outlook, revealing key signals that could confirm a trend reversal. She dives into sector rotation, explains why defensive stocks are losing ground, and shares actionable short-term trading strategies for oversold stocks. Don’t miss these crucial market insights to spot the next rally before it takes off!

This video originally premiered March 14, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Even with an impressive run of relative performance thus far in 2025, some investors still remain skeptical of gold’s uptrend. Let’s look at the performance of gold through three different angles, all using the best practices of technical analysis.

Gold Has Dramatically Outperformed in 2025

Whether you think gold has merit as a store of value, as a safe haven, or for no reason at all, there is no denying that gold has registered much stronger returns than stocks so far in 2025.

The S&P 500 index is now down about 4.0% for the year, even with Friday’s strong finish to the week. The Roundhill Big Tech ETF (MAGS) is down 12.4%, while the growth-heavy Nasdaq 100 is down about 6.2%. The SPDR Gold Shares (GLD), meanwhile, is up another 13.7% in 2025 after an exceptionally strong 2024.

There have been a number of times over my career where people have pushed back when gold is doing well. They have claimed that it’s just an anomaly, or that it shouldn’t go higher because of some particular reason.  My answer is always to bring up the chart and remind us both, “The market doesn’t care what we think!”

Gold Prices Remain in a Primary Uptrend

Let’s break down gold’s outperformance in greater detail using a daily chart of GLD.  At a time when many stocks and ETFs have broken below moving average support, gold stands out as remaining above two upward-sloping moving averages.

GLD has featured two clear consolidation phases since the end of 2023, one from April to July of 2024, and the other from October through December 2024. In both cases, the ETF bounced off price support a number of times before eventually resolving these patterns to the upside. Consolidations are very common in long-term bullish phases. What’s important is that the uptrend continues after the price exits the range, as we’ve often seen recently with GLD.

We can also apply our proprietary Market Trend Model to gold prices, which can help us to better compare the trend in gold to other ETFs and indexes. We can see that the GLD is currently bullish on all three time frames, compared to the S&P 500, which is now bearish on the short-term and medium-term time frames. When stocks are in a confirmed downtrend, I prefer to look for things that remain in primary uptrends, and gold fits the bill.

Gold Stocks Are Catching Up to Physical Gold

I’m often asked whether it’s better to play gold using an ETF that holds physical gold versus one that offers exposure to gold stocks. By focusing on the relative performance of gold stocks compared to gold futures, we can perhaps identify where opportunities could lie going forward.

Here we’re showing the VanEck Vectors Gold Miners ETF (GDX), along with RSI and then the relative performance of GDX vs. GLD.  When that ratio is sloping higher, gold stocks are outperforming physical gold. Going into the end of last year, the GLD was outperforming as gold stocks experienced a significant pullback. But, so far in 2025, we’ve noticed a strong reversal in relative performance which shows gold stocks are performing better.

The GDX is now testing its October 2024 high around $43.50, and we would consider a confirmed break above this level as an additional sign that gold stocks could continue a “catch up trade” versus physical gold. And with so many gold stocks starting to appear in the top decile of the StockCharts Technical Rating (SCTR), we see this as an area of emerging strength in the weeks to come.

Looking for our daily market recap show? CHART THIS with David Keller, CMT runs every trading day at 5pm ET over on our YouTube channel!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Disclosures: Author holds position in GLD.

Five Below, Inc. (FIVE) has had a rough year, to say the least. The stock is trading near its 52-week lows and 65% below its 52-week highs. The company’s CEO resigned last July and, since then, shares have struggled to rebound.

The discount retailer that caters to low-income shoppers rallied 10% after last quarter’s results and quickly gave back all those gains. It’s hoping to follow in the footsteps of its peer, Dollar General (DG), which guided higher than expectations and rallied last week.

Technically, shares are in a long-term downtrend that has accelerated headed into this week’s numbers. Every rally has been an opportunity to sell, as shares have consistently trended below its downward-sloping 200-day simple moving average (SMA).

Shares are oversold based on their relative strength index (RSI), but the stock has remained oversold for weeks. It appears closer to a tradable near-term bottom, where there is support for a bigger sell-off to around $65.

As a result of this, risk/reward favors the bulls. Look for shares to rally back into the downtrend channel on a near-term rally. That would take shares into the $78 to $85 area. Sadly, each rally has been a great opportunity to sell. There is much resistance to get through any upswing to signal that this is a good long-term buy, but, for the swing trader, a rally may be in order.

Nike, Inc. (NKE) shares have been mired in a two-year slump. Shares have fallen after the last five quarterly reports with an average loss of -9%. They have traded lower after seven of the last 8 releases. Shareholders are hoping that the second full quarter under CEO Elliot Hill’s leadership will start the much-needed turnaround for investors.

The sneaker giant expects slower sales and a decline in numbers thanks to markdowns to clear out unpopular inventory. However, hope springs eternal. Have new shoe models grown in popularity? Has Mr. Hill started to stem the tide of weaker growth? We shall find out when they report after the close on Thursday.

Technically, since breaking below the 200-day moving average in December 2023, shares have consistently stayed below this key moving average. There was hope that a recent announcement with Kim Kardashian’s Skims could lead to the breakout. It did lift for a couple of days, but couldn’t sustain upward momentum, so the bears won out again. 

There is a small silver lining in the chart above, though. When shares hit a recent low, the RSI reading had a bullish divergence. This means price made a new low, but the momentum indicator made a higher low. This could be a change demonstrating that the worst may be over.

To the upside, expect a test with that pesky 200-day moving average again. Look for a break above there and a run to recent highs at $82.62. If it fails at that level, you want to see old resistance in the 200-day act as support. Then the bulls may be able to take control. To the downside, you do not want to see any new lows, Look for support at the $68 to $70 level. The risk/reward set-up favors the bulls taking a shot here and keeping sell stops nearby if it fails. 

Micron Technology, Inc. (MU) has experienced some rather large moves after reporting earnings over the last four quarters. Last Q, it dropped -16.2%; before that, it gained +14.7%, lost -7.1%, and rallied +14.1%. So it’s not surprising to see that a move of +/-10.4% is expected when it reports after the close on Thursday.

Investors will focus on a few fundamental stories. Projected gross margins might decline according to their guidance. That could be a headwind. Data center revenue has been a strength; let’s see if it continues. Then, of course, there’s the all-important guidance—will they mention demand metrics and address potential tariff concerns?

Technically, shares continue to be mired in a neutral, yet very tradable, range. Going back to its August lows, shares have found a solid level of support around $85. Shares have tested that level multiple times and held. On the first three occasions, shares rallied back to $110. Recently, they have struggled to get that high, and the downward sloping 200-day now acts as resistance.

If shares were to gap higher, watch two strong levels of resistance. The first is the 200-day at $105.20, while the second, and most important, is just above $110 to $114. It may take a miraculous guide to break and stay above these key resistance levels.

As to the downside, we have seen $85 stand the test of time again and again. The more often it is tested, the more likely it is to fail. So there are clear lines in the sand of this rectangular formation. The measured move from this pattern is for a move of +/- $25. That would give upside and downside targets of $135 and $60, respectively. Clearly, it’s a coin flip at the moment from a risk/reward perspective. We will need more information to see how this resolves. For now, keep trading the channel.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

In this exclusive video, legendary trader Larry Williams breaks down why the stock market is primed for a rally, using technical analysis, fundamental signals, and seasonal trends. He explains how tariffs, crude oil, and cyclical patterns could fuel the next big market surge, plus stocks to watch during this potential upswing. Don’t miss these key insights from a market expert!

This video originally premiered on March 14, 2025. Watch on StockCharts’ dedicated Larry Williams page!

Previously recorded videos from Larry are available at this link.

Astral Resources NL (ASX: AAR) (Astral or the Company) refers to its off market takeover bid to acquire all of the ordinary shares of Maximus Resources Limited (ASX:MXR) (Maximus) (Offer) it does not already own on the basis of one (1) Astral share for every two (2) Maximus shares held pursuant to the Bidder’s Statement dated 3 February 2025 (Bidder’s Statement). The Offer is unconditional and will close at 7pm (AEDT) on Friday, 21 March 2025 (unless further extended).

HIGHLIGHTS

  • The Offer consideration has been declared best and final, and will not be increased
  • The Offer will close at 7pm (AEDT) on Friday, 21 March 2025 (unless further extended)
  • The Offer is unconditional and Astral has accelerated payment terms
  • Astral has majority control of Maximus with voting power of 81.67% as at 14 March 2025
  • With Astral’s ownership of Maximus now exceeding 80%, Maximus shareholders may now be eligible for rollover tax relief
As at 14 March 2025, Astral had voting power in Maximus of 81.67%. That being the case, Maximus shareholders may be eligible for rollover tax relief. For further information, please refer to section 10 of the Bidder’s Statement.

Offer declared best and final as to consideration

Astral declares its Offer of 1 Astral share for every 2 Maximus shares best and final as to consideration. There will be no increase in the number of Astral shares offered under the Offer.

Accelerated payment terms

On 24 February 2025, Astral announced that payment terms for validly accepting Maximus shareholders had been accelerated such that Maximus shareholders who have yet to validly accept the Offer will be issued their Astral Shares within 10 Business Days of their acceptance being processed in accordance with the terms of the Offer.

Minority Maximus shareholders – Liquidity and valuation risk

Maximus shareholders who do not accept the Offer prior to its close will not receive the consideration under the Offer, unless Astral is entitled to proceed to compulsory acquisition (in which case they will receive the consideration, but at a later date than if they accepted the Offer).

Maximus shareholders should be aware that, if Astral is NOT entitled to proceed to compulsory acquisition (e.g. if Astral does not acquire more than 90% voting power in Maximus), and Maximus continues to be listed on the ASX following the Offer, then the decrease in the number of Maximus shares available for trading may have a material adverse impact on their liquidity and valuation. Furthermore, depending on the level of acceptances received and other considerations, Maximus may apply to de-list from the ASX, in which case it may become more difficult and expensive for Maximus shareholders to sell their shares.

Click here for the full ASX Release

This post appeared first on investingnews.com