Market Signal Briefing

Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Dick's Sporting Goods, Inc. (NYSE: DKS) breached their fiduciary duties to shareholders.

If you currently own Dick's stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Shareholders should contact the firm immediately as there may be limited time to enforce your rights. 

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of DexCom, Inc. (NASDAQ: DXCM) breached their fiduciary duties to shareholders.

If you currently own DexCom stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of agilon health, inc. (NYSE: AGL) breached their fiduciary duties to shareholders.

If you currently own agilon stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. Our firm would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

November 30, 2025 4:00 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 30, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares ("ADS" or "ADSs") of WPP plc (NYSE: WPP) between February 27, 2025 and July 8, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

SO WHAT: If you purchased WPP ADSs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the WPP class action, go to https://rosenlegal.com/submit-form/?case_id=46121 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of WPP's media arm; notably, that it was not truly equipped to handle the ongoing macroeconomic challenges while competing effectively and had instead begun to lose significant market share to its competitors. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the WPP class action, go to https://rosenlegal.com/submit-form/?case_id=46121 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276341

Salesforce can still be a winning long-term investment, even if it isn't the high-octane growth stock it used to be.

The Dow Jones Industrial Average (^DJI +0.61%) isn't doing quite as well as the S&P 500 and Nasdaq Composite year to date, but it's still having a great year -- up 12.2% at the time of this writing. However, there are some key Dow components that have been drastically underperforming the index, including Salesforce (CRM +1.08%), which is down 31.0% in 2025. The only Dow stock to have a worse year so far is UnitedHealth Group.

Salesforce has tumbled 14.9% since being added to the Dow on Aug. 31, 2020. During that same period, the Dow is up 66.5%, and the S&P 500 has nearly doubled.

Here's why Salesforce has likely reached its bottom, and why investors should take a closer look at the software-as-a-service (SaaS) company for 2026.

Image source: Getty Images.

Salesforce's growth is slowing despite its push into agentic AI
Salesforce is a textbook example of why even the most seemingly impenetrable moats are susceptible to disruption.

Salesforce specializes in customer relationship management (CRM) software, which is used by sales teams worldwide to manage customer accounts, maximize the conversion of prospects into actual sales, and more. Salesforce also owns cloud-based messaging platform, Slack, and data visualization giant, Tableau.

The company's suite of tools is embedded with many large enterprise clients, but SaaS companies like Salesforce have experienced mixed reactions from investors as a result of artificial intelligence (AI).

While AI is leading to a surge in compute, networking, and infrastructure demand, the benefits aren't as clear-cut for software. The simplest reason for the dichotomy is that AI tools are really good at enhancing the capabilities of established ecosystems, which benefits companies that combine application software with infrastructure software.

For example, Microsoft's Dynamics 365 is a CRM platform that is arguably inferior to what Salesforce offers. However, when paired with Microsoft 365, Outlook, Teams, and Azure, the system becomes a well-oiled machine, avoiding the complications that come with integrating third-party solutions like Salesforce.

Salesforce's approach to AI has been purposeful and logical. The company has been deploying AI agents through its autonomous AI platform, Agentforce. Data-powered agents can help Salesforce users sort through information, manage the sales funnel, and act on data to maximize conversions. Agentforce appears to be a catalyst for growth on paper, but the pricing model is based partially on add-ons per user. Here's where things get tricky.

At its core, the AI value proposition centers around doing more with less. Salesforce's business model is still based heavily on user quantity. A greater number of total users paired with Agentforce equals massive growth potential. However, agentic AI tools like Agentforce can also be a victim of their own success as an organization may not need to purchase as many licenses if they can accomplish more with Agentforce-powered solutions.

Ultimately, the numbers don't lie -- Salesforce's growth has been slowing over the past several years. The company is only guiding for about 9% revenue growth for fiscal 2026, which ends next January. If you tune into a Salesforce earnings call, like the fiscal third-quarter call that will occur on Dec. 3, you'll likely hear a lot of confident rhetoric on Salesforce being a leader in AI, but that hasn't borne out consistently in the company's financial results, at least not yet.

To be fair, Salesforce isn't alone. Adobe is another SaaS heavyweight that has seen its stock plunge despite gains for the broad market indexes. The SaaS business model thrives when user counts are growing and clients are willing to pay higher prices per subscription. AI is challenging that model by empowering users to do more with less, and so far, Salesforce doesn't have a clear solution to offset slowing growth.

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230.60

Salesforce is still an excellent business
Salesforce faces an uphill climb, but it's a mistake to completely underestimate this software juggernaut. You can buy the stock today for around its lowest price-to-sales valuation in the last decade.

The company is also a profitable cash cow with a 21.2% operating margin, and management is guiding for a non-GAAP (generally accepted account principles) full-year operating margin of 34.1% (up from 33.0% the previous year).

Salesforce sports a 20.3 forward price-to-earnings ratio and a mere 17.7 forward price-to-free-cash-flow ratio. That's attractive in this frothy market, even for what could be considered a legacy software giant.

On top of its low volatility, Salesforce has an impeccable balance sheet with roughly double the cash, cash equivalents, and marketable securities as long-term debt. Salesforce also began paying a quarterly dividend in 2024. It yields only 0.7%, but it's still an added incentive to hold the stock.

Salesforce is less risky thanks to its valuation
Salesforce is a compelling value for long-term investors because the beaten-down stock price reflects a significant amount of doubt. And when expectations are low for great companies, it's often an attractive buying opportunity.

That said, Salesforce isn't without its risks. On the Dec. 3 earnings call, investors should look for management to discuss the ways the company plans to leverage AI tools for top-line growth while maintaining its high margins. And if Salesforce continues to see its competitive advantages eroded by more integrated software suites like those offered by Microsoft, then it's unlikely its valuation will improve.

However, the stock is trading at a level where even modest results could still allow Salesforce to be a market-beating stock next year (even more so over the next three to five years), making it a solid contrarian buy for 2026.

These companies aren't household names, but among income investors, they really should be.

The list of Dividend Kings -- stocks that have declared dividend raises at least once annually for a minimum of 50 years running -- is stuffed with familiar names. Not every company in that most regal lineup is famous, however, and there are several that regularly hike their payouts without much notice.

In recent days, two of those subtle superstars -- Automatic Data Processing (ADP +0.38%) and Marzetti (MZTI 0.11%) -- announced their latest dividend raises. Here's a bit more about both these businesses for those who may not be acquainted, along with the pertinent details of their new hikes.

Image source: Getty Images.

1. ADP
ADP is one of the more recent Dividend Kings, as it crossed the 50-year barrier in 2024. It extended this streak to 51 in mid-November, when it increased its quarterly payout by a fairly generous 10% to $1.70 per share.

ADP operates in the finance sector and is a leading provider of employer solutions, best known for its payroll and human resources services. There are a dizzying number of businesses, of every type and size, in this country. ADP is a long-standing company that has been delivering the goods for scores of them. More than a few have been clients for many years.

Given its history, prominence, and size, ADP is not a high-growth company. It is, however, a highly and reliably profitable one, with high net income according to generally accepted accounting principles (GAAP) margins. Over the last five fiscal years, said margins have landed in a narrow band between 17% and 20%. What's more, both revenue and net profit have risen in each of those years.

So far, it appears that the current 12-month stretch will produce more of the same. ADP's first quarter of fiscal 2026, reported at the end of October, saw the company boost revenue by 7% year over year to $5.2 billion, with GAAP net income moving 6% higher to $1 billion.

Companies with that kind of sustained profitability are rare. That tendency, combined with a dividend yield that's well above the average of 1.2% of all S&P 500 (^GSPC +0.54%) component stocks, makes ADP a solid and reliable income stock.

ADP's upcoming payout will be dispensed on Jan. 1, 2026, to investors of record as of Dec. 12. At the most recent closing stock price, it would yield 2.7%.

Today's Change

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$

255.30

2. Marzetti
It's safe to say that Marzetti is even less of a household name than ADP. Yet it's a good bet that millions of Americans have consumed its wares. It's a food products supplier that has a portfolio of comestibles brands, and provides products like dressings and sauces to popular restaurant chains such as Arby's and Chick-fil-A.

Dining out is a significant activity in the U.S., and Marzetti has a well-established niche in the restaurant supply segment. Like ADP, it's a relatively slow grower, but consistently produces bottom-line profits. It also likes sharing its wealth; in mid-November, for the 63rd consecutive year, it declared a dividend increase. The quarterly disbursement is getting a 5% bump to an even $1 per share.

And why not? Marzetti's first-quarter 2026 results, unveiled at the start of that month, boasted a nearly 6% rise in net sales to over $493 million.

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-0.19

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$

166.94

Much of that growth came from the food service segment -- the one that supplies those restaurants -- which saw a net sales boost of 8% (to almost $246 million). The second of the two reporting segments, retail, advanced by nearly 4% to $248 million. As for GAAP net income, yes, that increased too -- by almost 6%, to land a bit north of $47 million.

I find Marzetti's structure and strategy to be quite appealing. The two segments are almost exactly even in terms of sales, so that if there's a pullback in restaurant spending from consumers preferring to eat at home, the retail segment can theoretically mitigate this. It's an approach that has been proven to work for Marzetti, year after year, through many economic peaks and valleys.

That raised dividend is to be paid on Dec. 31 to stockholders of record as of Dec. 5. It yields a theoretical 2.4% on the current share price.

These two stocks could skyrocket as they exploit their first-mover advantages in two massive industries.

Some stocks don't just outperform the broader markets -- they have the potential to deliver monumental returns over time, supercharging your portfolio for years to come. They're not hard to find if you know where to look. Such stocks with multibagger potential are often hidden among leaders in fast-growing industries, first movers in industries with exponential potential, and innovative start-ups that are shaping the future.

Two such stocks have caught my attention. Each has such compelling growth prospects that buying them now and holding them could yield monster returns over the next five years or so.

Image source: Getty Images.

The biggest beneficiary of the U.S. rare-earth renaissance
Rare-earth elements technically aren't rare, but it's not easy to extract them in ways that are economically viable. China has a monopoly, accounting for almost 70% of the global rare-earth extraction. That also means 80% of the rare-earth elements consumed in the U.S. are imported, with nearly all of them coming from China.

That's not a great place to be. Rare-earth elements are vital for electronics, semiconductors, robotics, defense and aerospace technologies, wind turbines, electric vehicles, and more. However, China's dominance poses significant supply risks to the U.S. Additionally, it has always disincentivized U.S. mining companies from pouring money into rare-earth elements. President Donald Trump wants to change that and, therefore, has allocated billions of dollars to critical mineral projects, even buying stakes in some domestic producers to secure U.S. supply chains.

There is only one active rare-earth mine in the U.S.: the Mountain Pass in California, owned and operated by MP Materials (MP +2.91%).

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In July 2025, the U.S. Department of Defense, rebranded as the Department of War (DOW) by Trump, acquired a 15% stake in MP Materials and became its largest shareholder. MP Materials will build a rare-earth magnet manufacturing facility, known as the 10X facility, with the DOW committing to purchase 100% of the rare-earth magnets produced at the facility for 10 years. Two of its other major deals include:

A $500 million multiyear agreement with tech giant Apple (AAPL +0.46%) to supply magnets.
A partnership with the DOW and the Saudi Arabian Mining Company (Maaden) to develop a rare-earth refinery in the Kingdom of Saudi Arabia.

MP Materials currently produces rare-earth oxides and metals and will begin production of magnets by the end of 2025. MP Materials stock already carries a market cap of $10 billion, but that could look minuscule five years from now.

Making big strides in automation
Shares of Symbotic (SYM 4.04%) have surged over 250% so far in 2025, as of this writing. And there could be a lot more to come.

Symbotic automates warehouses and distribution centers with artificial intelligence (AI)-powered robotics that can move, store, and sort items. Symbotic went public in 2022 but has been working with Walmart (WMT +1.29%) since 2015 to deploy robotic systems at multiple distribution centers. In January 2025, Symbotic acquired Walmart's advanced systems and robotics (ASR) business for automated fulfillment of orders, a new product category for Symbotic.

Under yet another new and recent agreement, Symbotic will develop and install automated micro-fulfillment systems for online pickup and delivery at Walmart's retail stores. Symbotic expects its first prototype to be ready in 2026. Meanwhile, Symbotic is developing a next-generation storage technology as well. Besides Walmart, Symbotic's other customers include Albertsons, C&S Wholesale Grocers, GreenBox, and Target.

Symbotic has also just announced something big: It has signed up Medline as a customer, marking its foray into healthcare. Medline is a major distributor of medical supplies in the U.S. and is expected to go public soon. Symbotic deployed its first system to Medline last quarter.

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Symbotic's entry into healthcare marks a significant milestone, as it opens up a new vertical for the company beyond retail and could fast-track its sales growth. Symbotic just posted a 26% growth in revenue for the fiscal year that ended Sept. 27, 2025, and projects similar growth for the first quarter of fiscal year 2026.

Most importantly, Symbotic ended the year with a backlog of $22.5 billion. That's huge, as it represents nearly a decade's worth of sales. So, even though Symbotic's market cap has surpassed $50 billion, its estimated addressable market runs into the hundreds of billions of dollars, making it a solid stock to own for the long term.

Both MP Materials and Symbotic share a common link -- they have the first-mover advantage in their respective industries, and both industries have exponential growth potential. That's what makes these stocks so appealing. Growth stocks carry their share of risks, but with both Symbotic and MP Materials already generating revenue and striking significant partnerships, they're worth the risk.

UnitedHealth Group has agreed to sell its last South American business Banmedica to Brazilian private equity group Patria Investments for $1 billion, two sources with knowledge of the matter said on Sunday.

D-Wave Quantum has been the best-performing quantum computing stock this year. Can it keep this pace up?

Quantum computing has been one of the more surprising stories on the stock market this year.

Interest in the emerging technology spiked late in 2024 after Alphabet said it had achieved a milestone with its Willow quantum computing chip. The timing was fortuitous as emerging technology stocks had already gotten a jolt following President Donald Trump's reelection, and little-known quantum computing stocks like D-Wave Quantum (QBTS +1.12%), IonQ, Rigetti Computing, and Quantum Computing Inc. soared on the news after essentially being ignored.

As the chart below shows, after the initial rally late last year, those stocks have had mixed results in 2025. D-Wave Quantum has skyrocketed this year, while Quantum Computing Inc. is now in the red.

Data by YCharts.

As you can see, there's been a significant divergence among these four stocks. D-Wave isn't the biggest of the four -- that title belongs to IonQ -- but it has been the top performer this year.

D-Wave has delivered blowout gains through a combination of surging revenue growth and progress with its technology, though the company is still very small. Third-quarter revenue doubled but still amounted to just $3.7 million. Bookings enjoyed 80% sequential growth to $2.4 million.

D-Wave specializes in quantum annealing technology, a process that aims to find an answer to a problem by converting it to an energy-minimization problem.

In May, the company announced the general availability of Advantage2, its sixth-generation quantum computer, which management says can solve computationally complex problems beyond the reach of classical computers.

The launch of Advantage2 has helped stimulate interest in D-Wave as it announced a 10 million euro booking from a research facility in Italy, and it completed an Advantage2 system installation at Davidson Technologies in Huntsville, Alabama.

So investors have clearly been impressed by D-Wave's progress this year, but where will the company be this time next year? Let's take a closer look at the numbers.

Image source: Getty Images.

Where D-Wave Quantum goes from here
D-Wave Quantum didn't offer guidance for the fourth quarter, but the company is still building on a small base with $21.8 million of revenue through the first nine months of 2025.

Even with the progress from its Advantage2 computer, investors may want to temper their expectations for the stock next year. D-Wave continues to lose money as it invests in research and development; it reported a $27.7 million operating loss in the third quarter alone (and an adjusted net loss of $18.1 million). It also reported negative free cash flow of $55.8 million year to date.

Cash burn is a concern for any development-stage company, but D-Wave is well-capitalized with $836.2 million in cash on its balance sheet, which should fund operations at its current level for several years.

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Looking ahead to 2026, management expects to deploy some of that cash to research and development, including the build out of its professional services and quantum computing as a service. Management sees its business growing in part through cloud software revenue streams like consulting and remote cloud service, meaning D-Wave would allow customers to access its quantum computers remotely, rather than purchasing their own.

The investor interest in the stock also gives D-Wave more flexibility to raise capital if its spending needs increase.

Still, like the rest of its quantum computing peers, D-Wave remains a high-risk stock as its market cap has risen to $8.1 billion despite a full-year revenue forecast of just $25.5 million. Its price-to-sales ratio is more than 300.

D-Wave and its peers are still years away from generating profits, and while quantum computing's improving utility and technological breakthroughs are promising, the current financial picture means patience will be required with the stock.

Shares have pulled back sharply since hitting their peak in October, but even with continued progress next year, it will take a lot to push the stock significantly higher.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Numerous ETFs are on the market for investors to choose from.

It's simply not true that to be a successful investor, it's a requirement to be able to pick individual stocks. There are numerous exchange-traded funds (ETFs) that can provide the right kind of exposure. And investors can still reap the rewards.

So, this begs the question: Which ETF deserves a spot in your portfolio right now?

Image source: Getty Images.

Investors will gain exposure to technology-driven trends
One of the best ETFs available is the Invesco QQQ Trust (QQQ +0.80%). It tracks the performance of the 100 largest nonfinancial companies that trade on the Nasdaq exchange.

There is a heavy concentration in technology companies, with Nvidia, Apple, and Microsoft combining to represent 26% of the entire portfolio. Investors who buy the QQQ will immediately gain exposure to some of the most powerful tech-driven secular trends.

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619.16

Returns going forward could decline
In the past decade, the Invesco QQQ Trust generated a total return of 475% (as of Nov. 26). This is undoubtedly a fantastic performance, driven by the success of dominant tech companies. Investors are wondering if the future will be as kind.

I believe it's reasonable to expect returns to moderate going forward, as past performance isn't indicative of future results. But that doesn't mean investors shouldn't put money to work. Investing early on and having patience can lead to a wonderful outcome.

Neil Patel has positions in Invesco QQQ Trust. The Motley Fool has positions in and recommends Apple and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Despite mixed performance relative to the market over the last few years, the airline stock is set to fly higher.

Delta Air Lines (DAL 0.27%) stock has underperformed the S&P 500 (^GSPC +0.54%) over the last five years and the last year, but has beaten it in the previous three years. Still, the key question isn't so much where a stock has come from -- it's where it's going.

On that basis, Delta Air Lines is one of the best stocks in the transportation sector, not least because it's likely to climb a wall of worry as the market wakes up to the airline's transformation over recent years.

Image source: Getty Images.

The airline industry historically
Long-term investors will be pleased to hold the stock because management is delivering on its strategic vision, and the airline is passing the usual end-market tests that have previously been problematic for it.

Traditionally, the airline industry has been a very difficult one for equity investors. It has struggled to generate a return on invested capital (ROIC) that covers its cost of capital. It's a highly cyclical industry, with passenger bookings catching a cold every time the economy sneezes. Moreover, airlines have stubbornly maintained routes during a slowdown, waiting for an upturn, which has led to severely declining earnings.

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-0.17

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$

64.10

Delta's transformation
Armed with this knowledge, Delta's management has transformed the airline from a network carrier offering commoditized tickets into one that generates value for shareholders in multiple ways.

First, there's been a growing focus on premium products. For example, back in 2010, just 10% of Delta's seats were premium, but that rose to 30% by the end of 2024. Moreover, in the recent third quarter, revenue from the higher-margin premium cabin of $5.8 billion was comparable to that of the main cabin, at $6 billion, and is likely to surpass it in the future.

Second, Delta's Skymiles loyalty program and its co-branded credit cards with American Express have been highly successful in fostering loyalty among higher-income customers, generating billions in revenue for Delta from American Express. Management expects $8 billion in remuneration this year, and is well on its way to its long-term target of $10 billion.

Third, the focus on premium and loyalty programs has differentiated it from the low-cost carriers that are suffering in the current environment of rising airport and labor costs. An increase in the cost of, say, $10 a ticket will have a far greater impact on the price of a low-cost carrier's ticket than on a network carrier like Delta.

Image source: Getty Images.

Where next for Delta Air Lines?
The airline industry has been hit by two slowdowns over the last couple of years (the most recent caused by the Trump tariffs), and, in a change from previous behavior, the industry and Delta rationalized their expansion plans and cut unnecessary capacity.

That's a green flag waving, suggesting a new era of rational behavior is at hand, and with Delta trading at just 10.7 times 2025 earnings estimates, the stock looks like a great value, particularly as the best is yet to come for Delta Air Lines.

Pavel Muravev/iStock via Getty Images

Listen below or on the go via Apple Podcasts and Spotify

Salesforce, C3.ai, Marvell, Kroger, Snowflake and Dollar Tree will report. (0:17) Black Friday online sales hit $11.8 billion. (1:59) ChatGPT turns 3. (2:35)

The following is an abridged transcript:

As investors return from Thanksgiving with heavier waistlines and lighter wallets, shopping remains a key theme — with Salesforce (CRM) and a slate of retail names reporting earnings.

Salesforce is expected to post EPS of $2.86 on revenue of $10.27B when it reports Wednesday.

Seeking Alpha analyst Luca Socci says the market is now fixated on whether growth can break a psychological threshold investors can’t ignore. AI has flipped the narrative, he says — instead of excitement, it’s fueling doubts about CRM’s moat and the long-term payoff of Agentforce.

But DM Insights points out that the stock trades at a historically low valuation — even below the S&P 500 — and argues that its predictable model, AI tailwinds, and attractive risk/reward profile make it a Buy.

Also on the earnings calendar:

MongoDB (MDB) reports Monday.

CrowdStrike (CRWD), Marvell (MRVL) and GitLab (GTLB) issue numbers Tuesday.

Snowflake (SNOW), Dollar Tree (DLTR) and C3.ai (AI) weigh on Wednesday with Salesforce.

Kroger (KR), Ulta Beauty (ULTA), Hewlett Packard Enterprise (HPE) and Dollar General (DG) report Thursday.

Victoria's Secret (VSCO) is up Friday.

On the economic front, he week kicks off with Federal Reserve Chairman Jay Powell speaking at a panel discussion at Stanford – but the Fed is in its blackout period, so expect him to stick to the topic of the economic legacy of George Schultz.

The markets are pricing in an 85% chance that the FOMC cuts by a quarter point on Dec. 10. The odds are the highest since Powell’s last press conference, which leaned Hawkish.

There will be a mix of old and new economic data. Fed officials will get the core PCE inflation figures ahead of their decision – the catch is that it’s for September.

Fed officials and traders may get better insight from the preliminary Michigan sentiment figures for December, especially expected conditions.

In the news this weekend, Adobe reported that consumers spent a record $11.8B online on Black Friday — up 9.1% year over year and ahead of expectations. Gaming console sales were strong.

From 10 a.m. to 2 p.m., shoppers spent $12.5M every minute online. Mobile once again dominated, generating 55.2% of sales.

AI traffic to U.S. retail sites surged 805% from last year, as consumers used generative AI to find deals and research products. The tools were used most for video games, appliances, electronics, toys, personal care items, and baby/toddler products.

And speaking of invaluable AI helpers, ChatGPT is celebrating its third birthday today. From the faint echoes of keystrokes in 2022 to the thunder of the AI trade today, here’s how OpenAI (OPENAI) has grown:

2022: ChatGPT hits 1M users in five days; early valuations ~$20B; GPU demand narrative begins.

2023: Microsoft (MSFT) invests $10B; OpenAI hits $30B; Sam Altman is ousted and reinstated in a dramatic governance showdown.

2024: Model competition accelerates; private valuation rises to ~$90B; enterprise monetization ramps.

2025: AI becomes daily infrastructure; OpenAI projects 220M subscribers by 2030; valuation hits $500B in October; the agent economy takes shape.

And Swiss voters have decisively rejected a proposal to impose a 50% inheritance tax on the super-rich. More than 80% voted against the plan.

The measure — aimed at estates above SFr50M and intended to fund climate initiatives — faced backlash from the federal government and business groups, who warned it would undermine Switzerland’s appeal as a stable financial hub.

And for income investors, Lockheed Martin (LMT) goes ex-dividend on Monday, paying out on Dec. 30. McDonald’s (MCD) and Coca-Cola (COLA) – a classic combo – also go ex-dividend on Monday and both pay out on Dec. 15.

Goldman Sachs (GS) goes ex-dividend on Tuesday, paying out on Dec. 30.

On Thursday, Home Depot (HD) and Qualcomm (QCOM) go ex-dividend, both paying out on Dec. 18.

On Friday, Waste Management (WM) goes ex-dividend with a Dec. 19 payout date. Bank of America (BAC), BlackRock (BLK) and Union Pacific (UNP) also go ex-dividend. BofA pays out on Dec. 26, BlackRock on Dec. 23 and Union Pacific on Dec. 30.

By November 2026, hemp-based THC products could be controlled substances.

The U.S. government is looking to crack down on hemp products. Congress recently passed a bill that industry experts say will effectively ban most hemp-derived products. It was then signed into law. The industry is bracing for layoffs and significant challenges ahead.

That could be a particularly troublesome development for cannabis companies that have looked to hemp as a way to penetrate the U.S. market. Back in 2018, the passing of the Farm Bill opened up some opportunities (and loopholes) for cannabis companies to grow their operations without running afoul of the U.S. ban on marijuana.

Tilray Brands (TLRY 21.07%) is one Canadian-based cannabis company that was eyeing opportunities related to hemp. This recent development, however, puts that under a cloud of uncertainty. Here's a look at what that might mean for the business.

Image source: Getty Images.

Hemp was a key part of Tilray's expansion efforts
In recent years, Tilray has been expanding through acquisitions, specifically, in alcohol. It has been adding multiple breweries in the U.S. to its portfolio, becoming one of the largest craft brewers in the process. This is key in not only helping it expand into an area outside of cannabis, but also to help position it for growth with hemp-based beverages, which can give users a modest buzz.

The key legal difference between marijuana and hemp is in the psychoactive substance, tetrahydrocannabinol (THC). In hemp products, the percentage is low at 0.3% or less. That's not something marijuana users would often go to in search of a high because of the low THC content. However, offering hemp-based beverages is a bit of a novelty nonetheless, and it has provided Tilray with a way to expand its operations in the U.S. Last year, the company announced a beverage strategy that involved rolling out hemp-derived THC beverages to multiple U.S. markets.

Tilray recently issued a press release on news of the hemp crackdown, saying that it "condemns misguided prohibitionist measures." While it says that these types of products don't account for a material part of its business, it does nonetheless refer to itself as an industry leader in hemp. Thus, it's hard to overstate the importance of a potential crackdown because the hope was likely that hemp-derived products might one day be a more significant part of its operations.

Tilray has been struggling to generate strong and consistent growth in recent years
A big problem for Tilray and many cannabis producers these days is that the Canadian cannabis market is highly competitive and margins are extremely tight. Meanwhile, international cannabis markets are small and come with complexity, with differing restrictions from one country to another. And so it's little surprise that when there's talk of marijuana reform or legalization in the U.S., shares of Tilray Brands and other cannabis companies take off.

TLRY Revenue (Quarterly YoY Growth) data by YCharts

Tilray has struggled with growth, and while the above chart may suggest it hasn't been doing all that bad, that big bump was largely due to acquisitions. Organically, it's been a far different story for Tilray, and its lackluster results have made it one of the reasons investors have dumped the stock -- it's down 86% over the past five years.

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Is Tilray's stock headed lower?
The market for hemp-based THC products could effectively evaporate in a year if new rules aren't passed before the restrictions go into place. That's bad news for Tilray and many other cannabis companies. However, even with hemp, I don't think Tilray's growth opportunities looked all that promising. Hemp isn't a huge market, and even Tilray's own management admits it hasn't been material to its business thus far. There's no assurance that would have changed in the future, either.

Tilray's stock has been in a tailspin of late, down around 37% in just the past month as of Nov. 21, falling back to less than $1. Ultimately, there's still a lot of risk with Tilray, and potentially losing one of its limited growth opportunities could make things go from bad to worse for the troubled cannabis stock.

Although it's down heavily of late, you may want to resist buying the stock on the dip as Tilray faces an uncertain road ahead. And with a lack of profitability and limited growth potential, there just isn't a terribly enticing reason to take a chance on it today.

Broadcom's exceptional revenue visibility makes the stock worth steadily accumulating, even at elevated valuation levels.

Broadcom (AVGO +1.36%) has successfully positioned itself as a crucial player in the global artificial intelligence (AI) infrastructure build-out. The company's custom accelerators (XPUs), high-speed Ethernet-based networking products, and VMware Cloud Foundation private cloud software platform are now being used extensively by hyperscalers and AI labs to run large AI workloads.

Image source: Getty Images.

Broadcom will report its results for the fourth quarter and fiscal year 2025 (ending Nov. 2, 2025) on Dec. 11, which may significantly impact 2026 expectations and the company's future share price trajectory. However, the stock is currently trading at 40.3 times forward earnings, which implies that much of the potential upside is already priced in. Hence, investors need to consider whether to buy, sell, or lock in profits ahead of the quarterly update.

Multiyear XPU adoption cycle
Investors need to keep a keen eye on the fiscal 2026 and fiscal 2027 forecasts that may be provided in the upcoming earnings call. Management has already stated that AI revenue will expand even faster than fiscal 2025's estimated 50% to 60% year-over-year growth rate, driven mainly by exceptional demand for its custom accelerators from its three major hyperscaler clients and a rapid ramp-up at a fourth client.

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Broadcom believes each of its three hyperscaler customers will deploy 1 million of the company's XPUs in AI clusters by 2027. These clients are increasingly opting for XPUs in their multiyear expansion cycle.

The company also secured a $10 billion order for XPU-based AI racks from the fourth qualified customer in the third quarter of fiscal 2025. Volume shipments from this order are expected to commence from the third quarter of fiscal 2026. The company is thus focused on seven key large language model players, of which four are already clients, while the remaining three are high-potential prospects.

Alphabet catalyst
Broadcom's multiyear partnership with Alphabet is also proving to be a significant growth catalyst. Since 2016, Broadcom has been helping Alphabet develop and manufacture its in-house Tensor Processing Units (specialized AI chips), and the accelerating use of these TPUs in training and inference for Alphabet's frontier models is increasing Broadcom's long-term visibility in the AI semiconductor market.

Broadcom may also see increased use of its advanced packaging, networking interconnects, and SerDes interfaces (for chips to communicate with the outside world) in newer generations of TPUs.

Ethernet networking
Broadcom's open-source Ethernet-based networking switches and interconnects are also being adopted by hyperscalers, especially in AI clusters spanning over 100,000 compute nodes. These high-bandwidth, low-latency, and power-efficient networking hardware solutions are enabling scale-up networking (connecting XPUs and GPUs in a rack), scale-out networking (connecting multiple racks in a data center), and scale-across networking (connecting physically separate data centers).

Broadcom's Tomahawk 5 and 6 switches and Jericho 3 and 4 fabric routers offer an open-source alternative to Nvidia's proprietary solutions, such as NVLink or InfiniBand. Being open-source, these products also avoid vendor lock-in for clients.

Infrastructure software business
The high-margin infrastructure software business now accounts for almost 43% of Broadcom's total revenue. Nearly 90% of VMware's top 10,000 customers have purchased licenses to deploy traditional and AI workloads on-premise or on partner clouds through the VMware Cloud Foundation (VCF) private cloud platform. However, still many of the 10,000 customers are rolling out deployments across data centers. While this transition may take around two years, once completed, it can be a solid source of durable, high-margin revenue streams for Broadcom.

Non-AI business
While Broadcom's non-AI chip business has been mostly flat in the third quarter, Broadcom expects modest improvement in the fourth quarter. Yet the recovery is expected to be more U-shaped than V-shaped and could drag on the company's share prices.

Future outlook
Broadcom is guiding for fourth-quarter revenue of nearly $17.4 billion, up 24% year over year. Semiconductor revenue is expected to rise 30% year over year to $10.7 billion, while AI semiconductor revenue is projected to surge 66% year over year to $6.2 billion. The company also expects infrastructure software revenue to grow 15% year over year to $6.7 billion. Finally, fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are estimated to be 67%.

While these estimates are already strong, a better-than-expected performance can further propel Broadcom's share price after Dec. 11.

Is it a buy, sell, or hold?
While Broadcom is riding several long-term growth catalysts, its elevated valuation leaves very little room for error. Hence, long-term investors can take a small stake and use a dollar-cost averaging strategy to build a position in this stock.

In case you already hold a position in the stock, it may be better to have it through Dec. 11. With the company's $110 billion backlog at the end of the third quarter, the company can continue to see significant share price appreciation even at elevated levels.

November 30, 2025 3:00 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 30, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Synopsys, Inc. (NASDAQ: SNPS) between December 4, 2024 and September 9, 2025, both dates inclusive (the "Class Period"), of the important December 30, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Synopsys securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Synopsys class action, go to https://rosenlegal.com/submit-form/?case_id=44981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 30, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Synopsys' business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) the extent to which Synopsys' increased focus on artificial intelligence customers, which require additional customization, was deteriorating the economics of its Design IP business; (2) that, as a result, "certain road map and resource decisions" were unlikely to "yield their intended results,"; (3) that the foregoing had a material negative impact on financial results; and (4) as a result of the foregoing, defendants' positive statements about Synopsys' business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Synopsys class action, go to https://rosenlegal.com/submit-form/?case_id=44981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276340

Monad has dropped over 47% from its post-listing high in just four days. The Monad price chart shows a rapid launch spike followed by a sharp downside slide, a pattern similar to how Pi Coin traded immediately after its launch. Both are new layer-1 projects that launched with strong attention, but both slipped quickly after launch.

This piece compares the chart structures and then examines whether MON is exhibiting the same sustained weakness as Pi Coin, or if its own setup still indicates signs of stability.

Monad Mirrors Pi Coin’s Early Post-Listing SlidePi Coin lost 86.57% of its value within the first six weeks after listing and is now down more than 91% from its post-launch high.

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Pi Coin price Chart: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Monad has followed a similar opening path, dropping 47.57% from its peak in only four days.

Monad Price Chart: TradingViewBoth charts show the same early traits:

A fast launch spike
A deeper correction almost immediately
The key difference is the market backdrop. Pi Coin launched during a stronger crypto environment earlier this year. And when it dropped, it couldn’t even recover half of its losses despite BTC hitting new highs in early October.

Monad is entering a weaker market where liquidity is thin and large assets are struggling to hold momentum. So the odds are certainly not in favor.

Even though the price-specific parallel between MON and PI is clear on the surface, the next step is to look deeper into Monad’s own chart and structure to see whether the weakness continues or if there are early signs of support forming.

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Supply Strength Weakens As Large Money Flow DropsMonad’s internal picture becomes weaker once we examine how big money has behaved since the listing week.

The first signal comes from CMF, which tracks whether bigger buyers are sending money into an asset or pulling it out. After the initial post-launch spike, the token stabilized near the end of October, which is when CMF became usable. From that point, the money-flow line has moved only one way — down.

Since October 27, CMF has dropped by more than 270% and has remained below zero for most of the decline. A fall under zero means larger buyers are stepping aside, not adding support.

Even big market players like Arthur Hayes have expressed doubts regarding Monad, citing the significant outflows of capital.

MON’s CMF is now sitting close to its lowest reading since the token went live, which usually signals that confidence from deeper pockets has not returned.

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Big Money Leaving: TradingViewThis mirrors what Pi Coin showed in its first twenty days. Its CMF collapsed by almost 330% early on, and the price drifted lower for weeks.

Pi Coin’s CMF Drop Looks Similar: TradingViewThe second problem appears in the bull-bear power reading. BBP measures whether buyers or sellers have more control of momentum. When BBP leans this heavily negative while CMF keeps making new lows, even recoveries tend to be short-lived.

Monad Bears In Control: TradingViewTaken together, these signs indicate that Monad is not yet attracting strong bidding. The MON price chart appears bearish, and both metrics indicate that buyers remain hesitant. Even if short-term bounces appear, a meaningful reversal looks difficult unless large amounts of money return and momentum turns upward.

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How Low Can Monad Price Go If The Slide Continues?With money flow weakening and sellers in full control, the last piece of the puzzle is the price structure itself. The short-term trend on the 4-hour Monad price chart has pointed down since November 26, and the candles have respected that slope without any meaningful shift.

In this phase, the chart works like a simple extension map where each failed bounce pushes the next level into focus.

If Monad loses $0.026, the slide can extend toward $0.023, which is the next clear continuation level on the trend-based extension. If momentum remains weak and money flow continues to decline, even $0.013 remains on the table as a deeper projection.

These levels appear far, but Pi Coin also continued to slide post-launch, and the similarity in the early structure is hard to ignore.

Monad Price Analysis: TradingViewAny recovery attempt needs to start with a move back above $0.029. That only stabilizes the structure. The real shift appears only if Monad closes above $0.039 and then $0.040.

A push above those bands would break the current slope, rebuild confidence, and weaken the comparison with Pi Coin’s early chart.

For now, Monad trades under both of those marks, with money flow still near its lows and momentum held by sellers. Unless those two conditions flip, the path of least resistance remains down, and the parallel with Pi Coin stays alive rather than fading.

Bitcoin's market activity reached a pivotal moment as the cryptocurrency attempted to shift from a bearish phase. Recent trading patterns show Bitcoin oscillating between $91,000 and $93,000, a resistance area that has become significant after a sharp price rally.

Pseudonymous developer and cofounder of Hyperliquid, Iliensinc, shared an X post after a scheduled token distribution to team members triggered concerns about potential selling pressure among HYPE holders, with some community members mistaking the movements for external investors dumping tokens. The statement posted to X noted that the 1.

As of Sunday, Nov. 30, 2025, bitcoin is priced at $91,482, and odds from prediction platforms Polymarket and Kalshi show traders expecting potential gains but keeping their expectations firmly tethered to earth. As 2025 Nears the End, Prediction Market Odds Get Firmer Bitcoin is trading at $91,482 on Sunday, Nov.

Sahara AI's $SAHARA token shocked many on November 29 when it plummeted by over 50% within minutes, prompting speculation from community members about what happened.

Priced at Zero: How Brazil’s Méliuz Turned to Bitcoin to Escape a Treasury TrapThe company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds. Nov 30, 2025, 7:00 p.m.

When Brazilian fintech firm Méliuz (CASH3) reviewed its balance sheet in late 2024, it found something startling: it was profitable, debt-free, and growing, yet the market had valued its business at zero.

“If you excluded the cash on hand,” Diego Kolling, Head of Bitcoin Strategy at Méliuz, told CoinDesk at the Blockchain Conference Brasil 2025. “The company was worth nothing.” That cash, roughly R$250 million at the time, was mostly parked in government bonds. After taxes and inflation, returns were negative. “We were being confiscated,” he said.

STORY CONTINUES BELOW

So Méliuz did something radical for a Brazilian public company: it pivoted to bitcoin.

The shift, Kolling said, was surprisingly smooth. The company’s shareholders overwhelmingly voted in favor of implementing a bitcoin treasury strategy when called to do so, with 66% of shareholders participating — the largest shareholder turnout in the company’s history.

It did so not by issuing cheap, dollar-denominated debt to buy BTC — like many of its peers — but by leveraging share issuance and other strategies that now include derivatives. While leveraging the debt market can be a cheap form of financing, he said, this strategy doesn’t translate to emerging markets like Brazil, where benchmark interest rates hover near 15% and private borrowing often costs more than 20%, Kolling explained.

“Strategy competes with 4% Fed rates,” he added. “We’re dealing with 22%.” The math simply doesn’t work.

Méliuz is also leaning into a different playbook inspired by Japanese bitcoin treasury firm Metaplanet, which sells cash-secured puts to generate returns. Méliuz now leverages the same strategy, selling options to earn yield on capital set aside for buying BTC. It buys bitcoin with the income from yield generation, while maintaining the strategy with the principal.

Kolling did not reveal the size of these operations for Méliuz, but made it clear that the company is in line with a hard cap of around 20% of BTC holdings being deployed in yield-generating strategies, and that the firm started testing these strategies with smaller amounts before deploying more capital.

Méliuz, known for its cashback and financial services platform serving over 30 million registered users in Brazil, keeps 80% of its bitcoin in cold storage and uses only small portions to generate yield through derivatives, with potential future expansion into other strategies, such as Lightning or bitcoin-backed debt.

But the motivation remains clear: not speculation, but survival. “Bitcoin became the escape hatch,” Kolling said, “when holding fiat meant melting our treasury faster than we could build it.”

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Is the Bitcoin Digital Asset Treasury Model Broken? Architect Partners Says No

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A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.

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Most bitcoin digital asset treasuries (DATs) aren’t broken, they’re simply untested.The majority of today’s DATs won’t survive five years, but a small cohort could outperform the market and become household names, according to Elliot Chun of Architect Partners.Consolidation is inevitable as teams with clear strategies outmaneuver those unable to communicate or execute, Chun said.Read full story

Former Secretary of State Hillary Clinton didn’t hold a favorable view of cryptocurrencies when she once warned that they could weaken nations.

‘Exotic’ Cryptos Pose Risks To DollarDuring a video appearance at the Bloomberg New Economy Forum on Nov. 19, 2021, Clinton urged nation-states to pay “greater attention” to the rise of cryptocurrencies.

“What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies,” she said, likely referring to cryptocurrencies such as Bitcoin (CRYPTO: BTC).

Clinton, who ran as the Democratic presidential nominee in 2016, specifically talked about the risks to the dollar as the world’s reserve currency,

She also argued that cryptocurrencies have the potential to “destabilize” nations, starting with smaller ones and potentially affecting larger nations over time.

See Also: Trump Administration Is ‘Built Different,’ Says Polymarket CEO Shayne Coplan After Prediction Market Gets Green Light: ‘Quiet Before The Storm’

Bitcoin’s Recent StrugglesWhen Clinton presented these views, Bitcoin was worth $58,119. Four years down the line, it has grown to $91,366, marking a 57% rise.

Yet more recently, the apex cryptocurrency has faced pressures. It fell below $80,000 last week, a sharp reversal from the all-time high of $126,198.07. The ongoing slump has erased all of its 2025 gains.

The drawdown has affected the balance sheet of countries that jumped on the Bitcoin bandwagon.

The Impact On National Crypto ReservesEl Salvador, which became the first country to adopt Bitcoin as legal tender, has experienced a 65% decline in its cumulative unrealized gains on BTC holdings, falling from $245 million to $84 million over the past month, according to Arkham.

However, it is worth mentioning that the country has continued to add BTC to its reserves, profiting on lower rates.

Similarly, Bhutan, which generates and accumulates Bitcoin through in-house mining, has seen its total cryptocurrency gains shrink from $984 million to $832 million, marking a 15% decline. Note that Bhutan also holds other cryptocurrencies apart from Bitcoin, including Ethereum (CRYPTO: ETH).

CountryCumulative Crypto Profit (Recorded on April 4, 2025)Cumulative Crypto Profit (Recorded at 8:15 p.m. ET)Gains+/-El Salvador$245 million$79 million-65%Bhutan$984 million$832 million-15%U.S.$24 Billion$16 Billion-33%The U.S. federal government, which holds cryptocurrencies through criminal seizures, civil forfeitures and major bankruptcy liquidations, has seen its cumulative profit drop by 33% from $24 billion to $16 billion.

Read Next: 

Hillary Clinton Slams Trump’s ‘Personal Law Firm’ DOJ, Says Explosive New Report Reveals A Crisis ‘Worse Than Watergate’
Photo Courtesy: Evan El-Amin on Shutterstock.com

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Last week, public bitcoin miners saw positive numbers in the stock market. All of the ten biggest companies were in the green zone, defying market expectations.

The Layer 1 blockchain Monad has grabbed the headlines in the past few days following its successful launch earlier last week. MON, its native token, enjoyed a significant 80% surge on the back of the launch, hitting an all-time high of 0.048 on Wednesday, November 26.

While the Monad protocol has enjoyed significant attention since going live, it appears that not everyone is confident in its potential adoption. Most notably, BitMEX co-founder Arthur Hayes has put forward a pessimistic outlook for the project, saying its token value could fall as much as 99%.

Monad Has No Real Use Case: Hayes
In a YouTube interview with Altcoin Daily, Hayes stated that any other Layer 1 blockchain besides Ethereum and Solana is “zero” and is not going to do very well. Using Monad as an example, the former BitMEX CEO described the protocol’s coin as another “high FDV, low-float” token.

Hayes said that Monad is going to be the new “Berachain” and expects its native token’s value to fall by 99% after the initial jump. Berachain, which launched in February 2025, has its native token BERA trading beneath $1, nearly 94% beneath its all-time high of $14.83.

As of this writing, the Monad token is valued at around $0.0285, reflecting an over 40% decline since hitting its all-time high on Wednesday.

Hayes highlighted that every new project’s token often enjoys an early price spike before facing a deep correction, as there is usually no real use case to back up the initial growth. The crypto founder noted that it is a classic case of FOMO (fear of missing out), especially after the massive success of Ethereum.

Hayes said in the interview:

Every coin gets their first pump and people want to believe in the new L1. Everybody wants to invest in the new Ethereum like they would have in 2014 when everyone missed it. Me included. But again, that doesn’t mean it [Monad] is going to actually have any real use case.

Moving forward, Hayes went on to pick a “magnificent five” of protocols currently in the cryptocurrency space, including Bitcoin, Ethereum, Solana, ZCash, and Ethena.

If Not Layer 1s, What Next?
It is little surprise that ZCash made it to the BitMEX co-founder’s list of top blockchain protocols. According to Hayes, ZCash and other privacy-focused coins—like Monero—will dominate the crypto narrative even more in the coming year.

Additionally, Hayes mentioned that Zero Knowledge (ZK) proofs and quantum resistance are other crypto narratives to watch out for in 2026. Specifically, the crypto founder noted that the next winner in the crypto market over the next one to two years would come from the ZK space.

The price of MON on the daily timeframe | Source: MONUSDT chart on TradingView
Featured image from iStock, chart from TradingView