Market Signal Briefing

SpaceX moved 1,083 BTC (~$100M) to new wallets on Dec 5, the 8th transfer in 2 months
Main SpaceX wallet still holds 5,012 BTC worth ~$462M after the moves

Elon​‍​‌‍​‍‌​‍​‌‍​‍‌ Musk’s SpaceX has been on a spree to move Bitcoins, thus crypto market is abuzz with fresh speculations. On December 5, a total of 1,083 BTC (almost $ 100 million) was moved by SpaceX to new wallets, as per information given by a blockchain analytics firm, Arkham Intelligence. It’s the eighth time that the company has made an identifiable Bitcoin transfer; thus, a pattern of asset reallocation can be traced for the last two ​‍​‌‍​‍‌​‍​‌‍​‍‌months.

SpaceX’s Strategic Bitcoin Movements Amid Market Volatility
SpaceX​‍​‌‍​‍‌​‍​‌‍​‍‌ transferred 1,083 Bitcoin out of its main wallet, which is still holding 5,012 BTC worth around $462 million. Out of that, 283 BTC, which had a value of $31.33 million, were sent to a location named ‘bc1qrzg,’ and approximately $162.48 worth of BTC was sent to Coinbase Prime, probably for the sake of custody. The rest of the 800 BTC, which is equivalent to around $73.73 million, were moved to a new wallet termed ‘bc1qyh.’ These moves are consistent with the company’s practice of regularly rotating its Bitcoin holdings to new addresses.

It is also important to point out that the coins that were moved in the previous transactions over the last two months have not been touched, which indicates that the company is managing its assets for the long term rather than planning to sell them ​‍​‌‍​‍‌​‍​‌‍​‍‌immediately.

The​‍​‌‍​‍‌​‍​‌‍​‍‌ withdrawal rate of Bitcoin from SpaceX’s wallet to other wallets has significantly increased after the big crypto market crash that happened on October 10. Since then, SpaceX has made seven transfers, four of which are new wallets. Some of the analysts suggest that these decisions might just be the company rearranging its assets to take advantage of the market changes rather than selling off its assets completely. 

SpaceX’s latest Bitcoin transaction is aligned with several significant market events, first, the release of US PCE inflation data and second, the Federal Open Market Committee (FOMC) meeting, which might change the economic policies and market trends. During these events, the Bitcoin price has fallen by more than 1%, going from $94,000 to approximately $91,135. The drop is accompanied by a lower trading volume, which has decreased by 18%, thus showing that there is a lack of interest on the part of the traders in the crypto options expiration. 

According to CoinGlass, the derivatives data reveal a reduction in open interest in Bitcoin futures across major exchanges such as CME and Binance. This indicates that investors are taking a cautious approach in the short term.

Highlighted Crypto News Today: 

Could XRP Bounce Back After Sentiment Hits Two-Month Low?

Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.

BlackRock (NASDAQ:BLK) CEO Larry Fink on Thursday said the global financial system is undergoing a seismic transformation — from stablecoins and prediction markets to tokenization and regulatory reform, with Bitcoin (CRYPTO: BTC) now playing a central, strategic role.

What Happened: Speaking at The New York Times DealBook Summit, Fink said several sovereign wealth funds are actively accumulating Bitcoin, adding at key price levels around $120,000, $100,000, and even the $80,000s.

These institutions, he stressed, are not treating BTC as a trading instrument but as a long-horizon strategic reserve asset.

"They're buying it with purpose," Fink said, reinforcing his view that Bitcoin is a long-term position, not a speculative trade.

He also reiterated Bitcoin's role as a "fear asset," one investor turn to during geopolitical uncertainty or periods of financial stress.

Still, he warned that volatility remains high due to leveraged offshore players and speculative flows.

On regulation and lobbying, Fink echoed Jamie Dimon's caution about avoiding the appearance of influence-buying, noting BlackRock splits donations evenly and proceeds carefully.

Also Read: Bitcoin Below $92,000, Ethereum, XRP, Dogecoin Weaken Ahead Of Inflation Data

What's Next: Fink sees a future where every asset, stocks, bonds, real estate, is digitized and tokenized, eliminating intermediaries and enabling money to move frictionlessly between digital wallets and investments.

He warned that the U.S. is falling behind countries like India and Brazil in building modern digital financial infrastructure.

Coinbase CEO Brian Armstrong agreed, arguing that banks are resisting stablecoins to protect profits but will eventually adopt them, and may even issue interest-bearing stablecoins.

On AI, Fink said the world doesn't yet know whether it's overspending or underspending, but demand for compute will continue to explode.

Major winners, and major failures, are coming, but the U.S. must accelerate or risk losing technological leadership.

Read Next:

Bitcoin’s 2025 Bull Run Is Over, Expert Asserts—But 2026 Will Surprise
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TL;DR:

The crypto market recorded $289 million in liquidations and strong outflows from BTC and ETH ETFs in 24 hours.
Experts point to the $84,400 zone as a crucial support for Bitcoin, which is still trading sideways.
“Extreme fear” sentiment in altcoins like XRP has historically preceded significant rebounds.

Weak and directionless—that’s how the cryptocurrency market currently stands, reporting $289.05 million in liquidations in one day. Despite the general behavior, Bitcoin managed to stay above $90,000, but selling pressure was evident in the exchange-traded products: Bitcoin ETFs had net outflows of $194.6 million on Thursday, and Ethereum ETFs reported outflows of $41.6 million.

Technical analysis indicates that the market correction might be stabilizing, but directional conviction is scarce. In this regard, Ali Martinez pointed out a key accumulation area: at least 300,678 BTC were bought near $84,400, creating a support in that zone which is currently being defended.

For his part, Michael van de Poppe agrees that BTC is trapped in the same price range. If the $91,500 support holds, he anticipates an attempt to reach $100,000 next week. But he warns that a breakdown could lead BTC to re-evaluate the $85,000 level, forming a potential “double bottom.”

Altcoins and the Sentiment-Driven Opportunity
Analyst Ali Martinez establishes that for Ethereum, $4,800 is the level that must be decisively reclaimed. Only by conquering that zone would the path open toward $6,800 and, potentially, $8,800.

Meanwhile, some altcoins are experiencing extreme uncertainty. Santiment data reveals that XRP fell 31% in two months and faces the highest level of fear since October. Typically, similar fear spikes have preceded strong rebounds; for example, the panic on November 21st was followed by a 22% rally in three days, suggesting that another sentiment-driven opportunity might be brewing.

The memecoin segment did not escape the general weakness, falling 4.5% in the last 24 hours. Martinez also identified $0.20 as the key resistance for Dogecoin (DOGE), where a cluster of approximately 11.7 billion DOGE is grouped.

In summary, this technical analysis of the current market situation underscores the importance of identifying both support and resistance levels to navigate the current volatility.

Dogecoin price continues to weaken as its aggressive downtrend persists, putting pressure on the market and increasing the likelihood of a retest of the untapped yearly low at $0.08.

Summary

DOGE maintains consecutive lower highs and lower lows within a validated bearish channel.
Weak bullish momentum at $0.13 support fails to break structure.
Liquidity below $0.08 makes a yearly low retest increasingly likely.

Dogecoin’s (DOGE) market structure has deteriorated significantly in recent weeks, with the asset firmly locked in an aggressive downtrend. A series of lower highs and lower lows has defined the current trajectory, showing little sign of recovery as the price continues to trade within a well-established bearish channel.

With support levels weakening and momentum heavily skewed to the downside, Dogecoin now appears increasingly vulnerable to a retest of its yearly low around $0.08. Market participants are watching closely as the meme coin faces rising downside pressure.

Dogecoin price key technical points

Dogecoin remains in an aggressive downtrend with consistent lower highs and lower lows.
The asset continues trading inside a well-defined bearish channel.
Failure to reclaim the value area low increases risk of revisiting the yearly low at $0.08.

DOGEUSDT (4H) Source: TradingView
Dogecoin’s price action has been decisively bearish since its rejection at the high-time-frame resistance around $0.21. The backtest of this level, followed by the loss of the point of control, triggered a significant shift in momentum.

Sellers regained complete control, and Dogecoin began forming consecutive lower lows and lower highs, a characteristic of a strong downtrend. This pattern has persisted without interruption, reinforcing the bearish sentiment across the market.

The price has also remained tightly confined within a descending trading channel, which has now been validated by multiple touches on both resistance and support. This repeated interaction with the channel boundaries underscores the strength of the current trend.

Each attempt to break upward has been met with swift rejection, while each downward move has encountered minimal resistance. The structure paints a clear picture of a market that continues to decline in a controlled, consistent manner.

Dogecoin’s most recent attempt to stabilize came at the local support level near $0.13. This region has been tested twice, but neither test produced sufficient bullish momentum to reclaim the value area low or break out of the channel. The inability to establish a higher low or reclaim meaningful resistance levels confirms that the trend remains firmly bearish.

The continued failure to break the upper boundary of the channel or reclaim key volume levels suggests a lack of strong buyer interest. This opens the door to deeper corrective movement, particularly toward areas of liquidity that remain untapped. One such region is the yearly low at $0.08. Price has yet to revisit this level, and liquidity typically builds beneath untouched lows. This makes it an attractive target if downward momentum continues.

Volume analysis also supports the bearish outlook. As Dogecoin attempts to rally, volume has remained weak, signaling that buyers are not stepping in with conviction. Meanwhile, sell-side pressure remains elevated each time price interacts with dynamic resistance. 

Even metrics hinting at an early-cycle reset have struggled to gain traction, as the key $0.20 barrier continues to cap any meaningful recovery. This reinforces the probability that Dogecoin will continue to trade lower unless a significant shift in volume behavior occurs.

What to expect in the coming price action
If Dogecoin remains inside its bearish trading channel, the probability of a retest of the $0.08 yearly low continues to increase. A strong bullish reversal would require reclaiming the value area low and breaking the upper boundary of the channel, but until that occurs, the path of least resistance points downward.

Bitcoin fell below $90K after liquidation cascades, but cooling inflation, QT ending, and rising liquidity now point to a potential rebound.

Then, the price reversed its downward trajectory and went on to reach a new all-time high at $100,000.

The market will now set its eyes on the upcoming FOMC meeting, which is scheduled to take place on Wednesday.

Powell’s comments regarding the future of interest rates for 2026 will likely be scrutinized. The market has already priced in a 25 basis points cut for this meeting, so there should not be any surprises on that front.

Meanwhile, the majority of analysts expect a rate cut somewhere in January – March 2026. Any changes to that scenario that fully discard that possibility could deepen the correction and endanger the recovery.

On the other hand, if the dot plot stays unchanged, the price will likely reach $100,000 or higher at some point in the next few weeks.

BTC Faces Selling Pressure at $99K But Market Structure is Still Bullish
Bitcoin has made a comeback in the past few days after finding a floor at $82,000 initially and then at $85,000. The 4-hour chart shows that an uptrend has started to form, although the token experienced significant selling pressure as it approached $100,000.

Now, the price seems headed to retest the lower bound of this price channel at around $85,000 again. A rejection of the 200-period exponential moving average (EMA) catalyzed this downward move, as bearish sentiment persists.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about Uranium Energy (UEC - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Uranium Energy currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.

Of the nine recommendations that derive the current ABR, seven are Strong Buy, representing 77.8% of all recommendations.

Brokerage Recommendation Trends for UEC

Check price target & stock forecast for Uranium Energy here>>>

The ABR suggests buying Uranium Energy, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Should You Invest in UEC?Looking at the earnings estimate revisions for Uranium Energy, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$0.09.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uranium Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Uranium Energy.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about CrowdStrike Holdings (CRWD - Free Report) .

CrowdStrike currently has an average brokerage recommendation (ABR) of 1.91, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 47 brokerage firms. An ABR of 1.91 approximates between Strong Buy and Buy.

Of the 47 recommendations that derive the current ABR, 26 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 55.3% and 6.4% of all recommendations.

Brokerage Recommendation Trends for CRWD

Check price target & stock forecast for CrowdStrike here>>>

While the ABR calls for buying CrowdStrike, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is CRWD a Good Investment?In terms of earnings estimate revisions for CrowdStrike, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.68.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for CrowdStrike. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CrowdStrike.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Let's take a look at what these Wall Street heavyweights have to say about Teradyne (TER - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Teradyne currently has an average brokerage recommendation (ABR) of 1.65, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 17 brokerage firms. An ABR of 1.65 approximates between Strong Buy and Buy.

Of the 17 recommendations that derive the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 70.6% and 5.9% of all recommendations.

Brokerage Recommendation Trends for TER

Check price target & stock forecast for Teradyne here>>>

While the ABR calls for buying Teradyne, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is TER Worth Investing In?Looking at the earnings estimate revisions for Teradyne, the Zacks Consensus Estimate for the current year has increased 1.4% over the past month to $3.51.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Teradyne. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Teradyne may serve as a useful guide for investors.

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.

The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.

The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.

Breaking Down the Zacks Focus ListBuilding an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?

Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.

One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.

The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.

Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.

Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.

Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.

The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.

Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.

Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.

Focus List Spotlight: Shopify (SHOP - Free Report) Ottawa, Canada-based Shopify Inc. is a leading global commerce platform that helps in starting, scaling, marketing, and running a business of any size. Its platform and services are engineered for simplicity and reliability, while delivering a better shopping experience for customers everywhere.

Since being added to the Focus List on September 6, 2022 at $29.94 per share, shares of SHOP have increased 442.12% to $162.31. The stock is currently a #3 (Hold) on the Zacks Rank.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $1.45. SHOP boasts an average earnings surprise of 5.3%.

Moreover, analysts are expecting SHOP's earnings to grow 11.5% for the current fiscal year.

Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>

Fortinet (FTNT - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FTNT broke through the 50-day moving average, which suggests a short-term bullish trend.

The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.

Shares of FTNT have been moving higher over the past four weeks, up 5.8%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that FTNT could be poised for a continued surge.

The bullish case solidifies once investors consider FTNT's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 16 higher, while the consensus estimate has increased too.

Investors should think about putting FTNT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.

The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.

Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.

Breaking Down the Zacks Focus ListBuilding an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?

Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.

Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.

The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.

Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.

Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.

Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.

Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.

Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.

Focus List Spotlight: Alphabet (GOOGL - Free Report) Alphabet is one of the most innovative companies in the modern technological age. Over the last few years, the company has evolved from primarily a search-engine provider to cloud computing, ad-based video and music streaming, autonomous vehicles, healthcare and others. In the online search arena, Google has a monopoly with roughly 90% of the online search volume and market. Over the years, the company has witnessed increase in search queries, resulting from ongoing growth in user adoption and usage, primarily on mobile devices, continued growth in advertiser activity, and improvements in ad formats.

GOOGL, a #3 (Hold) stock, was added to the Focus List on May 19, 2025 at $166.19 per share. Since then, shares have increased 91.12% to $317.62.

For fiscal 2025, 16 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.56 to $10.52. GOOGL boasts an average earnings surprise of 18.7%.

Additionally, GOOGL's earnings are expected to grow 30.9% for the current fiscal year.

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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about DXP Enterprises (DXPE - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

DXP Enterprises currently has an average brokerage recommendation (ABR) of 1.83, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by three brokerage firms. An ABR of 1.83 approximates between Strong Buy and Buy.

Of the three recommendations that derive the current ABR, one is Strong Buy and one is Buy. Strong Buy and Buy each account for 33.3% of all recommendations.

Brokerage Recommendation Trends for DXPE

Check price target & stock forecast for DXP Enterprises here>>>

While the ABR calls for buying DXP Enterprises, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is DXPE a Good Investment?In terms of earnings estimate revisions for DXP Enterprises, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $4.75.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for DXP Enterprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for DXP Enterprises.

From a technical perspective, Synchronoss (SNCR - Free Report) is looking like an interesting pick, as it just reached a key level of support. SNCR recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.

SNCR has rallied 74.2% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests SNCR could be on the verge of another move higher.

The bullish case solidifies once investors consider SNCR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too.

Investors may want to watch SNCR for more gains in the near future given the company's key technical level and positive earnings estimate revisions.

Key Takeaways PTON's Peloton IQ and Cross-Training Series aim to drive deeper, consistent member engagement.PTON's AI engine delivers tailored recommendations that encourage users to try new workout formats.PTON sees enthusiasm for advanced cross-training features and higher usage metrics in October.
Peloton Interactive, Inc.’s (PTON - Free Report) latest initiatives, Peloton IQ and the Cross-Training Series, signal a meaningful shift in how it intends to drive deeper, more consistent member engagement. Both offerings are designed around a simple premise echoed throughout the earnings call: members want personalized guidance, versatility and outcomes, not just equipment.

Peloton IQ sits at the center of this strategy. The AI-powered coaching engine translates years of member data into individualized recommendations based on goals, performance and activity history. It essentially democratizes personal training, offering actionable insights to every user — regardless of whether they own the latest hardware. Early signs are encouraging: Peloton has already noted an uptick in workouts taken from the home screen, suggesting that IQ’s recommendations are prompting users to explore new formats rather than rely on routine habits.

Meanwhile, the Cross-Training Series delivers the flexibility today’s fitness consumers expect. With swiveling screens, enhanced audio and real-time form feedback on the Plus line, members can transition seamlessly from cardio to floor-based strength, yoga, Pilates and stretching. This aligns with the company’s broader understanding that wellness requires a blend of modalities, not just cycling or running. Peloton is already seeing a mix shift toward premium products, driven by enthusiasm for these advanced features. 
When combined with community features like Club Peloton and topic-specific teams, these innovations appear to be lifting overall usage in meaningful ways. Peloton reported higher total workouts, workout days and total workout time in October, metrics that historically decline from September.

If these trends continue, Peloton IQ and the Cross-Training Series could become powerful catalysts in transforming engagement, moving the platform from a workout destination to a personalized, everyday wellness ecosystem.

How PTON’s Competitors Compare in Personalization & Cross-TrainingIn the broader fitness ecosystem, Planet Fitness (PLNT - Free Report) and Xponential Fitness (XPOF - Free Report) represent influential competitors, not in connected hardware, but in member engagement and diversified training experiences.

Planet Fitness attracts millions through low-cost memberships and accessible gym environments. While the company does not offer AI-driven personalization like Peloton IQ, the scale and affordability give it strong retention power. The emphasis on cardio and strength accessibility mirrors its cross-training direction, but Peloton differentiates with at-home intelligence, personalized guidance and integrated digital experiences.

Xponential Fitness, with brands like Club Pilates, Pure Barre, Rumble and CycleBar, brings boutique-style, instructor-led specialization. XPOF excels in community and structured programs across multiple modalities, strength, cardio and mindfulness, much like Peloton’s expanding wellness ecosystem. However, Peloton’s advantage lies in unifying these diverse modalities within one digital platform enhanced by AI.

Both PLNT and XPOF compete for the same consumer outcomes, but Peloton’s IQ personalization and cross-training hardware aim to deliver those results more efficiently at home.

PTON’s Price Performance, Valuation and EstimatesPeloton’s shares have declined 10% in the past six months against the industry’s gain of 1.3%.

Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, PTON trades at a forward price-to-sales ratio of 1.09X, down from the industry’s average.

P/S (F12M)
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PTON’s 2025 and 2026 earnings implies a year-over-year uptick of 140% and 6.9%, respectively.

Image Source: Zacks Investment Research

PTON currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Inflationary growth and political populism are a recipe for commodity price strength says Michael Hartnett

From a technical perspective, PubMatic, Inc. (PUBM - Free Report) is looking like an interesting pick, as it just reached a key level of support. PUBM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.

The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

Over the past four weeks, PUBM has gained 23.3%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.

The bullish case only gets stronger once investors take into account PUBM's positive earnings estimate revisions. There have been 2 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on PUBM for more gains in the near future.

IREN's 371% stock surge masks heavy capex demands, earnings uncertainty and tough new AI/HPC competition that keep risk elevated.

Key Takeaways MKL benefits from rising premiums, strong retention and expanded product offerings.
Higher yields and gains from recent acquisitions continue to lift MKL's revenues.
MKL's buybacks and solid cash position support its capital flexibility.

Shares of Markel Group Inc. (MKL - Free Report) have rallied 16.3% in the past year, outperforming its industry, the Finance sector and the Zacks S&P 500 composite’s growth of 9.4%, 10.4% and 15.2%, respectively.

Markel Group has outperformed its peers, Assurant, Inc. (AIZ - Free Report) , CNO Financial Group, Inc. (CNO - Free Report) , and Radian Group Inc. (RDN - Free Report) , which have risen 0.1%, 3.4% and 0.3%, respectively, in the past year.

Image Source: Zacks Investment Research

The stock has a market capitalization of $25.85 billion. The average volume of shares traded in the last three months was 0.04 million.
Markel Group’s bottom line surpassed earnings in three of the last four quarters and missed in one, the average being 19.93%.

MKL Shares are AffordableMarkel Group shares are trading at a discount compared to the industry. Its price-to-book ratio of 1.43X is lower than the industry average of 2.4X, the Finance sector’s 4.23X and the Zacks S&P 500 composite’s 8.53X. Also, it has a Value Score of B.

Image Source: Zacks Investment Research

MKL Trading Above 50-Day and 200-Day Moving AveragesShares of Markel Group are trading above the 50-day and 200-day simple moving averages (SMAs) of $1,971.65 and $1,924.15, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Its share price as of Dec. 4, 2025, was $2,043.39, down 3.1% from its 52-week high of $2,109.91.

Image Source: Zacks Investment Research

MKL’s Encouraging Growth ProjectionsThe Zacks Consensus Estimate for Markel Group’s 2025 earnings per share indicates a year-over-year increase of 23.2%. The consensus estimate for revenues is pegged at $15.32 billion, implying a year-over-year improvement of 3.4%.

The consensus estimate for 2026 earnings per share implies an increase of 8.8% from the corresponding 2025 estimates.

Earnings have grown 23.1% in the past five years, better than the industry average of 10.2%.

Optimist Analyst Sentiment on MKLOne of the two analysts covering the stock has lowered estimates for 2025, while three of the four analysts have lowered the same for 2026 over the past 60 days. The Zacks Consensus Estimate for both 2025 and 2026 earnings has moved up 4.7% and 3.9%, respectively, in the past 60 days.

Target Price Reflects Potential Upside for MKLBased on short-term price targets offered by four analysts, the Zacks average price target is $2,081.75 per share. The average indicates a potential 1.21% upside from the last closing price.

Image Source: Zacks Investment Research

Key Points to Note for MKL StockMKL has been generating improved premiums. An improvement in new business volume, strong retention levels, continued increases in rates and expanded product offerings should help the insurer retain the momentum.

Investment income should continue to benefit from an improving rate environment, higher interest income on cash equivalents, fixed maturity securities and short-term investments due to higher yields.

Markel considers strategic buyouts a prudent approach to ramp up its growth profile. Acquisitions have helped the company enhance its surety capabilities. In September 2024, it acquired a 68% ownership interest in Educational Partners International (EPI). Although MKL didn't complete any new acquisitions during the first quarter of 2025, it began consolidating Educational Partners International this quarter upon attaining the required regulatory approval following the September 2024 investment in this business. Operating revenues witnessed a seven-year (2018-2024) CAGR of 15.1%. Recent acquisitions of Valor and EPI contributed $28 million in revenues in the most recent quarter, with no contribution in the same quarter one year ago.

Higher revenues at construction services and transportation-related businesses due to a combination of increased demand, higher prices and growth, as well as a rise in production at one of the equipment manufacturing businesses, are expected to boost operating revenues. The increase also reflected a full-year contribution from Metromont.

MKL: Distribution of WealthBanking on a strong capital position, the company engages in share buybacks, a prudent way to distribute wealth to its shareholders. MKL has a share repurchase program, authorized by the board, that provides for the repurchase of up to $2 billion of shares. As of Sept. 30, 2025, $1.6 billion remained available for repurchase under the program. Also, given its solid cash position of $4.1 billion, the company should not face any difficulty in meeting short-term obligations.

End NotesGiven the company's strong stock performance, solid retention levels, an improving rate environment, favorable growth estimates and solid capital position, current shareholders may find it wise to hold onto MKL shares.

MKL also has a VGM Score of B. Stocks with a favorable VGM Score are those with the most attractive value, best growth and most promising momentum compared with peers.

Markel Group's new business volume and prudent capital deployment present significant growth opportunities. Given Markel Group's bearish analyst sentiments surrounding the company, it is better to adopt a wait-and-see approach on this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

New Strategic Focus on Growing 680,000 ounces of Historical Gold Resources in Québec and Ontario
December 05, 2025 9:22 AM EST | Source: Exploits Discovery Corp.
Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that it has closed the sale of a 100% interest in substantially all of its mineral claims (the "Claims") in central Newfoundland to New Found Gold Corp. ("NFG"). This sale was originally announced on September 8, 2025.

"We have transformed our Newfoundland land position into a strategic stake in New Found Gold that, based on recent share prices, represents roughly $11 million of value for our shareholders while maintaining meaningful long-term upside through both equity and a royalty," said Jeff Swinoga, President and CEO. "At the same time, we have also repositioned Exploits as a gold growth company anchored by approximately 680,000 ounces of historical gold resources in Québec and Ontario."

Swinoga added, "With a focused portfolio, a strong technical team, and a clear plan to grow those historical ounces, we believe Exploits offers excellent leverage to exploration success. We anticipate a steady cadence of news flow as we advance these projects."

Transaction Consideration
As consideration for the Claims, Exploits:

received 2,821,556 common shares of NFG (the "NFG Shares"), which had a closing price of $4.18 per NFG share on December 4, 2025, representing total consideration of approximately $11.8 million on that date; andwas granted a 1.0% net smelter returns royalty on certain of the mineral claims (the "NSR Royalty") pursuant to a royalty agreement between the Company and NFG (the "Royalty Agreement").In addition, as contingent consideration, within 10 business days following a positive final determination by the Supreme Court of Newfoundland and Labrador with respect to certain disputed mineral claims, Exploits would receive an additional 725,543 NFG Shares. Based on the same NFG closing price of $4.18 per share on December 4, 2025, this would represent additional consideration of approximately $3.0 million.

For three years from the date of the Royalty Agreement, NFG retains the right and option to purchase 0.5% of the NSR Royalty for a cash payment of C$750,000. The NFG Shares are subject to a four-month statutory hold period expiring April 6, 2026.

Benefits to Exploits Shareholders:

Equity and NSR exposure to NFG, an emerging Canadian gold producer and development company with projects in Newfoundland and Labrador, Canada.With a treasury of approximately $13 million in pro forma cash and NFG shares, Exploits transitions to a focused Québec-Ontario gold growth story starting with approximately 680,000 ounces of historical resources with high-priority, drill ready targets and a clear path to expanding these resources.Exploits will also retain its mineral claims at Mount Peyton (037950M) and True Grit (022031) in Newfoundland.

New Growth Platform in Québec and Ontario

Exploits is now focused entirely on advancing its four cornerstone gold projects in Québec and Ontario: Fenton, Wilson, Benoist, and Hawkins. Together, the properties host approximately 680,000 ounces of historical gold resource estimates, and significant expansion potential that includes multiple walk-up drill targets. These estimates are considered to be "historical estimates" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and are not considered by Exploits to be current mineral resources.

About Exploits Discovery Corp.

Exploits Discovery is a Canadian gold exploration company focused on growing ounces in top-tier mining jurisdictions in Québec and Ontario with a strategic equity position and royalty exposure to New Found Gold in Newfoundland. The Company's portfolio includes three advanced-stage gold projects in Québec - Fenton, Wilson, and Benoist - alongside the Hawkins Gold Project in Ontario. Exploits' strategy is to unlock district-scale potential across this balanced Québec-Ontario portfolio through systematic, data-driven exploration and strategic partnerships, creating shareholder value through discovery and resource growth.

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

National Instrument 43-101 Disclosure
Dr. Natalie Pietrzak-Renaud, P.Geo., Technical Advisor to the Company and a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information in this news release relating to the Hawkins Gold Project in Ontario.

Mark Richardson, P.Geo. (OGQ Permit No. 10929), Technical Advisor to the Company and a "qualified person" as defined under NI 43-101, has reviewed and approved the scientific and technical information in this news release relating to the Fenton, Wilson and Benoist projects in Québec.

This news release includes disclosure of certain "historical estimates" as such term is defined in NI 43-101. These historical estimates include the following:

a historical mineral resource estimate in respect of the Hawkins project contained in "Technical Report and Updated Mineral Resource Estimate on the Hawkins Gold Project, Derry, Hawkins, Walls, Minnipuka, Legge and Puskuta Townships, Sault Ste. Martie and Porcupine Mining Divisions, Ontario" with an effective date of September 10, 2020 and dated November 3, 2020 prepared by P&E Mining Consultants Inc. for a previous operator of the property and filed on SEDAR+ at www.sedarplus.ca. The historical mineral resource estimate disclosed inferred mineral resources of 6.2M tonnes grading 1.65 g/t Au for 328,800 ounces Au. The cut-off for pit constrained resources was 0.5 Au g/t and out-of-pit resource was 2.0 Au g/t, and mineral resource estimate was based on a gold price of US$1,470/oz;a historical mineral resource estimate in respect of the Benoist project prepared by Cartier Resources Inc. ("Cartier") contained in "NI 43-101 Technical Report and Mineral Resource Estimate for the Benoist Property, Québec, Canada" with an effective date of December 17, 2020 and dated January 28, 2021 prepared by InnovExplo Inc. for Cartier and filed by Cartier under its profile on SEDAR+ at www.sedarplus.ca. The historical mineral resource estimate disclosed the following: (a) indicated mineral resources of 1,455,400 tonnes as follows: grade Au (g/t) 2.57, grade Cu (g/t) 0.19 and grade Ag (g/t) 8.37 (or grade AuEq 2.87), representing 120,100 ounces Au, 5,974,800 pounds Cu and 391,900 ounces Ag (or 134,400 ounces AuEq); and (b) inferred mineral resources of 1,449,600 tonnes as follows: grade Au (g/t) 2.2, grade Cu (g/t) 0.06 and grade Ag (g/t) 2.51 (or AuEq (g/t) 2.3), representing 102,700 ounces Au, 1,785,900 pounds Cu and 117,200 ounces Ag (or 107,000 ounces AuEq). The historical mineral resource estimate was conducted on the basis of the reasonable prospect for eventual economic extraction being met by having: a minimum width of 2.4 m for the structures, a cut-off grade of 1.5 g/t AuEq, and constraining volumes applied to any blocks (potential underground scenario) below a 100-m crown pillar. The cut-off grade inputs are: gold price of USD1,610/oz; CAD:USD exchange rate of 1.33; mining cost of $55/t; processing cost of $22.5/t; general and administrative and environmental costs of $9.50/t; royalty of 0.5% and a refinery charge of $5/t. The AuEq formula used a silver price of USD18.30/oz and a copper price of USD2.67/lb;a historical mineral resource estimate in respect of the Fenton project disclosed by Cartier contained in an estimate prepared by M. Denis Chenard, Eng. of Datac Geo-Conseil Enrg on behalf of Boreal Exploration in 2000, which disclosed an estimate (which was not prepared in accordance with NI 43-101, nor utilizing any specific mineral resource categorization) of 426,173 tons grading 4.66 g/t Au corresponding to 63,885 oz Au, of which 23,643 oz Au were located in the first 50 m below the surface, on the basis of 73 holes drilled on the three main areas of the Fenton deposit area (which calculation was performed with a lower cut-off grade of 2.0 g/t Au and true minimum thickness of 1.0 m); anda historical mineral resource estimate in respect of the Wilson project disclosed by Cartier contained in an estimate prepared by Freewest Resources in 1994 for the Toussaint deposit, which disclosed an estimate (which was not prepared in accordance with NI 43-101, nor utilizing any specific mineral resource categorization) of 187,706 tonnes at 7.1 g/t Au.In each case, while the historical estimates were each prepared by persons with significant experience with each project using methods that were standard in the industry and relevant to an understanding of the proposed exploration activities to be conducted on each property, no qualified person of Exploits has done sufficient work to classify either historical estimate as a current mineral resource of Exploits, and Exploits is not treating any such historical estimate as a current mineral resource.

Among other things, significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before such historical estimates can be re-classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimates prepared for the Hawkins, Benoist, Fenton or Wilson projects by any other parties other than as disclosed. Even if any such historical estimates are re-classified as a current mineral resource by Exploits in the future, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured mineral resource category.

Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277045

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) and Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) announced an agreement under which Netflix will acquire Warner Bros, including its film and television studios, HBO Max, and HBO, in a transaction valued at approximately $82.7 billion.

The deal combines Netflix’s global streaming platform with Warner Bros’ film and television operations and legacy franchises.

Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.50 in Netflix stock per share.

The stock component is subject to a pricing collar, and the transaction’s completion is contingent on regulatory approvals, WBD shareholder approval, and the planned separation of WBD’s Global Networks division into a new publicly traded company, Discovery Global, expected in the third quarter of 2026.

The deal brings Warner Bros’ franchises, including Game of Thrones, The Wizard of Oz, and the DC Universe, together with Netflix’s library, which includes titles such as Stranger Things and Money Heist.

Netflix said it plans to maintain Warner Bros’ current operations, including theatrical releases, while expanding production capacity and investment in original content.

The company expects the merger to expand its content library and provide more opportunities for the creative community. The company also anticipates cost savings of $2 to $3 billion annually by the third year, with the transaction expected to be accretive to GAAP earnings per share by the second year.

“This acquisition will improve our offering and accelerate our business for decades to come,” Netflix co-CEO Greg Peters said in a statement.

The acquisition is anticipated to close within 12 to 18 months.

Wedbush analysts noted that the deal follows reports of a competitive bidding process involving Paramount and Comcast before Warner Bros Discovery entered exclusive negotiations with Netflix.

The analysts highlighted concerns about potential impacts on the theatrical market, noting that Warner Bros.’ theatrical slate has already been negotiated through 2029.

Any buyer, including Netflix, would be required to honor those commitments. Netflix has indicated it will continue to support scheduled theatrical releases.

However, Wedbush emphasized that industry and government concerns remain. “Should the exclusive negotiations with Netflix lead to a proposed sale, the regulatory process would be lengthy and difficult and may ultimately block the sale without clear assurances from the studio side,” the analysts wrote.

Shares of Netflix fell 4.1% to about $99 pre-market, while Warner Bros Discovery stock added 4.4% at about $26.

VANCOUVER, BC / ACCESS Newswire / December 5, 2025 / Usha Resources Ltd. ("Usha", "USHA" or the "Company") (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0), a North American mineral acquisition and exploration company, is pleased to provide the following corporate updates.

Close-up of blue logo on sign with facade of headquarters buildings in background near the headquarters of Apple Computers in the Silicon Valley, Cupertino, California, August 26, 2018. (Photo by Smith Collection/Gado/Getty Images)

Getty

Apple (AAPL) has an impressive history of swift increases, with rallies exceeding 30% within a period of less than two months during years like 2010, 2019, and 2024. Significantly, there were two instances where gains surpassed 50% within about two months, specifically in 2012 and 2020. If historical trends continue, forthcoming catalysts could propel Apple shares to new major peaks, rewarding investors who are attuned to these momentum opportunities.

Apple’s stock has subtly risen to unprecedented levels, supported by a thriving services division nearing $100 billion annually and a rising demand for the iPhone 17 lineup. Although initial skepticism about AI persisted, a more defined, device-integrated strategy involving Apple Intelligence and Google's Gemini now presents a persuasive narrative for an upgrade cycle, indicating substantial additional growth potential for the technology giant.

Drivers That Could Enhance The StockAI Innovations: Apple’s sophisticated AI integration, which includes an upgraded Siri and a possible collaboration with Google Gemini, is expected to introduce significant new services and could contribute an additional $75-$100 per share by 2026, creating new revenue opportunities.New Product Introductions: The debut of a foldable iPhone (H2 2026), Vision Pro 2 (late 2025/early 2026) featuring M5, and smart home gadgets will tap into vast new market possibilities and hasten hardware upgrade cycles.Services Growth: Ongoing double-digit growth in services revenue (15% in Q4 2025), propelled by a record number of users and AI integration, will greatly boost profitability and investor trust.How Robust Are Financials Currently?Below is a brief comparison of AAPL fundamentals against S&P medians.

Revenue Expansion: 6.0% LTM and 1.8% average over the last three years.Cash Flow Generation: Approximately 23.5% free cash flow margin and 31.9% operating margin LTM.Valuation: Apple stock has a P/E ratio of 38.2AAPL

Trefis

*LTM: Last Twelve Months | For additional insights, read Buy or Sell AAPL Stock.

Apple showcases strong fundamental health, as evidenced by its consistent revenue growth and solid cash flow metrics. Nonetheless, even companies with robust fundamentals are not shielded from market declines, making it crucial to weigh the potential investment risks moving forward.

Risk AssessmentWhen evaluating Apple’s risk, it is useful to analyze the extent of its declines during significant sell-offs. Throughout the Dot-Com Bubble, the stock fell by over 80%, and during the Global Financial Crisis, it dropped nearly 61%. The corrections in 2018 and the downturn due to Covid decreased Apple’s value by approximately 30-40%. Even the recent inflation spike impacted it by about 31%. Strong companies like Apple can still experience sharp declines when the market faces challenges.

However, the risk is not confined to major market crashes. Stocks can decline even when markets are performing well – consider events such as earnings reports, business updates, and outlook alterations. Check AAPL Dip Buyer Analyses to explore how the stock has bounced back from significant dips in the past.

Still have doubts regarding AAPL stock? Think about a diversified approach.

Diversified Asset Portfolios Provide Greater Upside With Reduced RiskStocks can surge or tumble, but different assets respond to various cycles. A diversified asset portfolio allows you to remain invested while mitigating fluctuations in equities.

The asset allocation strategy of Trefis’ wealth management partner based in Boston achieved positive returns during the 2008-09 timeframe when the S&P experienced losses over 40%. Our partner’s current strategy incorporates Trefis’ High Quality Portfolio, which has a proven history of outperforming its benchmarks that include the S&P 500, S&P mid-cap, and Russell 2000 indices.

Netflix will buy Warner Bros. Discovery in a deal that reshapes Hollywood and streaming.

Best-in-Class SaaS Sales Partner Brings SemiCab Access to Dozens of Fortune 500 Clients

Fort Lauderdale, FL, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has executed a joint sales and marketing agreement with Provisi.ai, an industry leading boutique SaaS marketing firm with direct access to an extensive list of U.S.-based Fortune 500 clients and prospects. The new marketing partnership is expected to play an instrumental role in the launch of SemiCab’s new Apex SaaS platform that brings SemiCab’s proven AI-driven collaborative freight orchestration technology to U.S.-based 3PLs and enterprise shippers.

Provisi.ai, founded and led by Shane Engle, has extensive experience winning and executing complex SaaS product launches within the US Fortune 500 market. Over the past 15 years, Mr. Engle has delivered several exceptionally large and successful SaaS success stories, including a $45 million multi-year contract with a large airframe manufacturer, a $45 million multi-year contract with a U.S.-based steel company, and a $21 million multi-year contract with Delta Air Lines in a joint venture with Gategourmet. His largest single contract was for $100 million per year with an undisclosed U.S. defense contractor. Beyond these landmark transactions, Provisi.ai routinely wins smaller multimillion dollar contracts, including wins with GE Power and UPS.

“We are delighted to partner with Mr. Engle and Provisi.ai,” stated Ajesh Kapoor, CEO of SemiCab. “The U.S. full-truckload (“FTL”) total addressable market is very substantial, roughly $450 billion today. This is a target rich environment that Provisi.ai has a deep track record successfully penetrating time and time again. We are all very excited to launch our joint marketing effort together and intend to swiftly get the word out to critical decision markets at some of the largest shippers in the U.S. that SemiCab Apex can have a significant and lasting impact on their operations.”

“Provisi.ai is pleased to partner with SemiCab to bring a large, quantifiable value proposition to companies who have considerable FTL spend and would benefit by dramatically reducing empty miles, while simultaneously increasing profitability and top line growth”, stated Shane Engle, Founder of Provisi.ai. “Provisi.ai has the critical access to executive level leadership and an extensive rolodex of Fortune 500 target clients, and we are excited to deliver SemiCab’s value proposition to the market.”

Apex: Redefining How Freight Networks Compete

SemiCab Apex extends the company’s AI-driven orchestration engine—originally deployed under the National Digital Freight Exchange of India—to the US market. This powerful new tool enables enterprise-level supply chains to predict, plan, and profit with precision. Designed as a system of intelligence for freight, Apex helps logistics networks move beyond modest incremental efficiency toward true AI-enabled orchestration and margin expansion. This solution is designed to augment and complement existing, complex transportation management solutions (“TMS”) and can improve and benefit almost any existing enterprise software ecosystem for even the largest global shippers.

Traditional TMS optimizes visible demand. SemiCab Apex goes further – forecasting and orchestrating both visible and predicted demand across entire freight ecosystems. Through Apex, 3PLs and enterprise shippers can:

Launch their own branded logistics operating system, embedding SemiCab’s AI models, dashboards, and APIs as their core orchestration layer.Create collaborative, multi-party freight networks, reducing empty miles and unlocking shared efficiencies.Integrate seamlessly with existing TMS, WMS, and telematics systems via open APIs.Leverage predictive analytics and benchmarking to identify cost savings, improve yield per lane, and reduce emissions. “SemiCab Apex solves one of the biggest cost issues in logistics today – empty miles, needless downtime, and frustrating shipping errors and delays,” added Mr. Kapoor. “Approximately $150 billion, or 30-35%, of U.S. annual shipping spend is wasted on empty miles alone. SemiCab has a demonstrated capability to eliminate 70% of this waste through its proven, AI-driven technology, offering U.S. shippers the opportunity to save upwards of $100 billion annually.”

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com

Investor Relations Contact

Brendan Hopkins
407-645-5295
[email protected]
www.algoholdings.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.