Bristol Myers Squibb (BMY - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this biopharmaceutical company have returned +5.8%, compared to the Zacks S&P 500 composite's -1.8% change. During this period, the Zacks Medical - Biomedical and Genetics industry, which Bristol Myers falls in, has gained 6.2%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Bristol Myers is expected to post earnings of $1.62 per share for the current quarter, representing a year-over-year change of +11%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.2%.
The consensus earnings estimate of $6.32 for the current fiscal year indicates a year-over-year change of +2.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.09 indicates a change of -3.6% from what Bristol Myers is expected to report a year ago. Over the past month, the estimate has changed +0.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Bristol Myers is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Bristol Myers, the consensus sales estimate of $11.67 billion for the current quarter points to a year-over-year change of -4.9%. The $47.38 billion and $46.07 billion estimates for the current and next fiscal years indicate changes of -1.7% and -2.8%, respectively.
Last Reported Results and Surprise HistoryBristol Myers reported revenues of $11.49 billion in the last reported quarter, representing a year-over-year change of +2.6%. EPS of $1.58 for the same period compares with $1.8 a year ago.
Compared to the Zacks Consensus Estimate of $10.92 billion, the reported revenues represent a surprise of +5.25%. The EPS surprise was +9.72%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Bristol Myers is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Bristol Myers. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
A new independent nonprofit, Ethereum Institutional, has launched to accelerate institutional adoption of Ethereum, providing banks, asset managers and other enterprises with a neutral point of contact as they evaluate the blockchain for tokenization, stablecoins and other financial applications.The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem.
The organization is led by David Walsh, Marius Smith and Matthew Dawson. Walsh previously led the Ethereum Foundation's enterprise efforts, while the organization said its leadership brings experience spanning institutional engagement, capital markets and Ethereum ecosystem development. It said its mission is to provide institutions with a neutral, independent point of contact as they evaluate Ethereum for tokenization, stablecoins and other onchain financial infrastructure.
In announcing the initiative on X, Ethereum Institutional said institutions need "a credible, independent front door" to the Ethereum ecosystem. While Ethereum's neutrality is one of its defining strengths, the group argued, that neutrality has often left enterprises without a clear organization to engage as they make long-term infrastructure decisions.
The launch comes as the Ethereum Foundation continues to narrow its role to stewarding the core protocol, with ecosystem participants increasingly spinning up independent organizations focused on specific areas such as business development, institutional outreach and developer support. The shift follows broader changes at the foundation, including leadership restructuring and longstanding community calls for greater transparency.
Ethereum Institutional is also the latest addition to a growing network of Ethereum-focused organizations. It follows the launch of EthLabs, another initiative aimed at strengthening Ethereum's ecosystem, as the network seeks to capitalize on growing institutional interest in tokenization, stablecoins and blockchain-based financial markets.
The non-profit said its work will focus on institutional engagement, market intelligence, ecosystem marketing, industry research and events. It launched with backing from BitMine, Nasdaq-listed SharpLink Gaming and Ethereum co-founder Joseph Lubin, with additional institutional and individual supporters expected to be announced in the coming weeks.
"The world's largest institutions are deciding where tokenization, stablecoins, and onchain markets will settle," the organization said. "We're ready to make Ethereum the base layer for institutional finance."
Read more: Ether’s biggest corporate holders back new Ethereum research hub
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Bitmine, Sharplink and Joe Lubin fund a new dedicated go-to-market organization built by Ethereum Foundation alumni
NEW YORK, July 1, 2026 /PRNewswire/ — Ethereum Institutional, an independent non-profit organization, today announced its public launch as the dedicated institutional front door for the Ethereum ecosystem. The organization consolidates a year of institutional engagement work led by the Ethereum Foundation’s go-to-market team, housing it in an independent organization with a sharper mission, broader geographic footprint and long-term funding. Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET) and Ethereum co-founder Joe Lubin are anchoring the funding, along with dozens of individual and institutional contributors.
Ethereum Institutional exists so as the world’s largest financial institutions make their foundational, long-lived platform decisions about tokenization, stablecoins and onchain market infrastructure, they engage Ethereum through a credible, neutral counterpart. Ethereum does not force a single rigid configuration, but lets institutions choose the approach that fits each use case, while deriving security from the world’s most robust and reliable digital asset settlement layer.
This launch represents the second major independent steward organization for Ethereum’s ecosystem unveiled in the last week, following the announcement of Ethlabs, a research and development lab also founded by former Ethereum Foundation leaders. Together, Ethlabs and Ethereum Institutional form complementary pillars of Ethereum’s next chapter: one advancing protocol-layer innovation and core infrastructure, the other ensuring institutions have a credible, dedicated counterpart to guide them from evaluation through deployment at scale. Ethereum Institutional brings ecosystem experience and unbiased expertise to the world’s largest financial institutions.
The institutional adoption moment is now. Ethereum currently hosts roughly $180 billion of stablecoins on mainnet, approximately 60% of total stablecoin supply and roughly two-thirds of all tokenized real-world assets. Leading financial institutions across asset management, banking, payments, custody and market infrastructure are actively building on the network. Meanwhile, competing ecosystems have made institutional adoption their explicit commercial priority, each running well-funded business development organizations with dedicated mandates to land institutional deployments.
The platform decisions institutions are making in the next 12-24 months will set the topology of onchain finance for decades. Coordinated, credible representation now unifies the conversation, and supports expanding Ethereum’s robust network, which benefits its existing and future users.
Ethereum Institutional launches with a proven track record and existing momentum: the team has built over 500 institutional relationships covering the global universe of Tier-1 banks, top-tier asset managers, sovereign institutions, custodians and market infrastructure providers. The team has established a thought leader gathering through the Institutional Ethereum Forum, which brought together more than 150 senior executives and Heads of Digital Assets from institutions representing roughly $250 trillion in combined assets under management.
Ethereum Institutional will operate along five focus areas from day one: Institutional Education and Engagement, Institutional Intelligence, ETH and Ecosystem Marketing, Standards and Best Practices and Institutional Events. Geographic coverage will expand from New York, London, Hong Kong, and Singapore into additional primary financial centers including Zurich, Frankfurt, Tokyo and Abu Dhabi, with dedicated institutional leads embedded in each region operating under a shared credibly neutral mandate.
Thomas “Tom” Lee, Chairman of Bitmine. “Financial institutions are making infrastructure decisions today that will shape capital markets for decades, and Ethereum is increasingly at the center of those conversations. Ethereum Institutional arrives at exactly the right moment, creating a trusted, independent home where institutions can engage with the ecosystem, develop standards and accelerate adoption. It’s an important step toward making Ethereum the backbone of the next generation of global financial infrastructure.”
Joseph Chalom, Chief Executive Officer of Sharplink. “I spent two decades helping the world’s largest institutions adopt new technology, and I have rarely seen the conditions align the way they have for Ethereum. These institutions are moving from interest to action across tokenization, stablecoins and a new financial market infrastructure. Ethereum Institutional was built to meet them at exactly this moment.”
Joe Lubin, Ethereum co-founder and Chief Executive Officer of Consensys. “Ethereum has become the premier infrastructure for decentralized, verifiable, programmable trust. For more than a decade, the researchers, developers and ecosystem have focused on doing the hard work without cutting corners: making the network more scalable, more affordable, more usable, and protecting credible neutrality and censorship resistance via progressive rigorous decentralization. This is why it has been the first and prevailing choice for the majority of stablecoin activity, tokenized assets, DeFi and other onchain financial infrastructure. Traditional finance is already onboarding itself to Ethereum’s decentralized rails. Ethereum Institutional will help accelerate this next major chapter, enabling institutions to engage at scale, promoting the openness and permissionless innovation that make the network uniquely powerful and valuable.”
Concluding, David Walsh, Executive Director of Ethereum Institutional, said, “Ethereum’s credible neutrality is one of its greatest strengths, but neutrality without representation can often be seen as silence. The Ethereum ecosystem needs a credible, independent counterpart institutions can engage with directly; someone financial leaders can call, brief their board with, and trust to come back with honest answers. Ethereum Institutional exists to be this dedicated counterpart. Our job is to translate institutional requirements into deployments that scale, and ultimately to make Ethereum the foundational layer for institutional finance.”
Lee, Chalom and Walsh will serve as the members of the Board of Directors.
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at sharplink.com.
About Ethereum Institutional
Ethereum Institutional is an independent, non-profit organization dedicated to the institutional adoption of Ethereum. The organization functions as the neutral front door for institutions to enter the Ethereum ecosystem, working directly with banks, asset managers, custodians, market infrastructures, fintechs, and sovereign institutions to translate their requirements into on-chain deployments. The organization operates five focus areas: Institutional Education and Engagement, Institutional Intelligence, ETH and Ecosystem Marketing, Industry Discovery and Requirements, and Institutional Events. Learn more at ethereuminstitutional.org.
Forward-Looking Statement
This press release contains statements regarding anticipated institutional interest in Ethereum, research focus and roadmaps, governance arrangements, funding availability, and program scaling. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments, timing of institutional deployments, funding availability and general economic conditions. Forward-looking statements speak only as of the date of this release and are not guarantees. Ethereum Institutional and its funders undertake no obligation to update them except as required by law. This press release is for informational purposes only.
TL;DR Ethereum’s staking rate has climbed above 33% for the first time, setting a new all-time high. Around 33.06% of the total ETH supply is now locked in staking, reducing the liquid supply in circulation. A newly created wallet withdrew 9,876 ETH worth $15.4 million from Binance and staked the entire amount. Ethereum price continues to hold above the $1,550 support level, while $1,700 remains a key resistance to watch. Ethereum staking participation has reached a new milestone, with the network’s staking rate climbing above 33% for the first time since the Merge upgrade. According to CryptoQuant data, approximately 33.06% of the total ETH supply is now locked in staking, marking a new all-time high even as the Ethereum price remains near $1,500.
The latest figures highlight a growing divergence between investor behavior and market performance. While Ethereum’s price has moved through several periods of volatility, staking participation has continued to rise steadily, suggesting that many long-term holders are choosing to lock up their ETH rather than sell during the current market downturn.
Adding to the trend, blockchain analytics platform Lookonchain reported that a newly created wallet withdrew 9,876 ETH, valued at approximately $15.4 million, from Binance before staking the entire amount.
Ethereum Staking Reaches Record High as Investors Lock Up More ETH CryptoQuant’s data shows Ethereum’s staking rate has maintained a consistent upward trajectory since the network transitioned to Proof-of-Stake. The latest increase to 33.06% means that roughly one-third of the total ETH supply is now committed to staking, reducing the amount of Ether available in circulation.
ETH Staking Data | Source: CryptoQuant The continued growth in staking participation suggests that investors remain committed to Ethereum’s long-term outlook despite ongoing market uncertainty. Instead of moving assets to exchanges for potential selling, more holders are choosing to secure the network while earning staking rewards.
Although a rising staking rate does not guarantee an immediate increase in Ethereum price, it does reduce the liquid supply of ETH. If market demand strengthens in the future, a smaller circulating supply could support stronger price movements.
Ethereum Price Holds Key Support but Faces Resistance Ahead While staking continues to set new records, Ethereum price remains under pressure. At the time of the accompanying data, ETH was trading near $1,571, while the CryptoQuant chart showed the asset around the $1,500 level as staking reached its highest level on record.
Technical charts by analysts indicate that Ethereum has so far managed to hold above the $1,550 support area, even as Bitcoin fell to a new yearly low. According to the analyst’s view provided with the chart, Ethereum has displayed relative strength compared with Bitcoin during the recent market decline.
1-day ETH/USDT Chart | Source: X However, the analysis also notes that ETH is not yet out of danger. The chart identifies $1,700 as a key resistance level, indicating that Ethereum would need to reclaim that area before the risk of another move lower begins to ease.
For now, the data points to a market where long-term participation continues to strengthen despite short-term price weakness. With staking at a record high and more ETH being removed from the liquid supply, investor conviction appears to remain intact even as Ethereum price continues to trade below key resistance levels.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
We’re giving you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week.
This week, we’re diving into the creation of EthLabs, and why it was launched during a period of transition for the Ethereum ecosystem.
EthLabs, Ethereum’s newest nonprofit research organization, has demurred at insinuations that it is attempting to replace a struggling Ethereum Foundation. Instead, its founders, former leaders of the foundation, argue it's a response to a changing Ethereum ecosystem, one where the foundation is narrowing its focus while new organizations step in to tackle broader adoption.
The timing of EthLabs' launch calls that into question.
The organization publicly unveiled itself just one day before there were major layoffs at Ethereum Foundation, and only a few days after co-executive director Hsiao-Wei Wang announced her resignation, adding to what has become a period of significant turnover at Ethereum's most influential institution. Since January, at least nine prominent members of the Ethereum Foundation have departed as the organization undergoes a broader strategic realignment.
For many observers, the departures have fueled questions about the foundation's future role and whether Ethereum's governance model is entering a new chapter. According to EthLabs executive director Ansgar Dietrichs, that transition is exactly why the organization was created.
"We looked around, didn't see anyone else stepping up," Dietrichs told CoinDesk in an interview. "After two months of that, we looked at each other and said, 'Well, if no one else is stepping up, then it has to be us.'"
Dietrichs, along with four other former Ethereum Foundation researchers and developers, some of whom left the foundation just this year to launch EthLabs, a nonprofit dedicated to advancing Ethereum's technical roadmap with a stronger emphasis on real-world adoption.
The creation comes as Dietrichs describes Ethereum as entering a fundamentally different phase of its evolution. "The decade of infrastructure build-out of Ethereum is coming to an end," he said. "Now it's much more about actual institutional adoption."
Over the past decade, Ethereum's developer community focused on building the foundational pieces of the network: from smart contracts and decentralized finance to scaling technologies and layer-2 networks. With those building blocks largely in place, Dietrichs believes the next challenge is ensuring Ethereum can support large-scale financial infrastructure.
"I don't think crypto and Ethereum will ever go back to a time like it was in the past," he said, arguing that the ecosystem has moved beyond the boom-and-bust cycles that previously defined it.
That transition has also reshaped the Ethereum Foundation itself.
Earlier this year, the foundation published a renewed mandate emphasizing Ethereum's core values: including credible neutrality, self-sovereignty and open infrastructure, while reducing its involvement in some implementation-focused initiatives. Combined with ongoing budget constraints, the shift has resulted in restructuring across the organization.
Dietrichs views those changes less as a crisis than an overdue evolution. "It's more a transition period," he said. "Ethereum is now much more intentionally, proactively reorienting itself to be ready for this new time period."
Filling in the gapsBut as the turmoil started to unveil itself at the EF, many have started to wonder whether EthLabs would replace it. Dietrichs sees that rather than competing with the foundation, EthLabs intends to complement it. "We're deliberately positioning ourselves to fill the gaps that the Ethereum Foundation now deliberately leaves," Dietrichs said. "We're not trying to create a competing vision for Ethereum."
Those gaps, he argues, center on adoption-oriented engineering work, like improving Ethereum's scalability, strengthening layer-1 performance, advancing interoperability, and identifying the technical barriers preventing broader institutional use.
"The gap we see is this more practical, adoption-oriented work, making Ethereum, practically useful for the real world," he said. EthLabs plans to continue work its founders previously led within the foundation, including layer-1 scaling research, while expanding into areas like interoperability and engagement with financial institutions exploring blockchain infrastructure.
For that, Dietrichs deliberately chose to structure the organization as a nonprofit, and its sole objective is supporting Ethereum's long-term success rather than generating commercial returns. "The only interest is we help Ethereum," Dietrichs said. "There's no other incentive we have other than we help Ethereum."
A broader vision for EthereumThe changes come as the direction of the Ethereum network is heading for a revamp. For Dietrichs, EthLabs is about more than protocol development. He believes Ethereum itself needs a clearer narrative for what comes next.
"Ten years ago everyone knew what Ethereum was trying to achieve," he said. "Today it's not so clear that there's a shared answer." He sees the coming years as defining Ethereum's role in an increasingly onchain financial system.
"I think there's a world in which Ethereum really is at the very center of the global financial system as it comes onchain," he said.
Whether EthLabs succeeds remains to be seen. As a newly formed nonprofit, it must establish its own funding base while proving it can influence Ethereum's technical direction outside the foundation.
But its emergence reflects something larger than the creation of another Ethereum organization. Many at the top of the industry are pushing for a broader redistribution of responsibility across the ecosystem, one where the foundation is becoming a steward of the protocol's core values, while independent organizations like EthLabs take on the work of driving adoption and implementation.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Takeaways Carl Rinsch received a 30-month prison sentence for misappropriating $11 million from Netflix The funds were allocated for producing a science fiction series titled “White Horse” (later “Conquest”) Rinsch initially lost approximately half the money through options trading before pivoting to cryptocurrency A Dogecoin investment of roughly $4 million grew to approximately $27 million, though this didn’t affect his conviction Proceeds funded extravagant purchases including multiple Rolls-Royces, a Ferrari, and high-end furnishings A federal court in Manhattan has sentenced Hollywood filmmaker Carl Rinsch to 30 months of incarceration following his conviction for misappropriating $11 million in production financing from Netflix.
Director sentenced for production fraud: “Carl Erik Rinsch promised to make a television show,” said U.S. Attorney Jay Clayton. “Instead, he used $11 million meant for production as his personal casino and luxury fund.”https://t.co/5XHj1gWFyi
— US Attorney SDNY (@SDNYnews) June 29, 2026
The sentencing occurred Monday after Rinsch was found guilty in December 2025 following a week-long trial. Rinsch previously gained recognition directing the 2013 Keanu Reeves action film “47 Ronin.”
The criminal case revolved around a science fiction streaming project initially titled “White Horse” and subsequently renamed “Conquest.” Between 2018 and 2019, Netflix had already provided Rinsch with approximately $44 million in production financing for the series.
In March 2020, Netflix transferred an additional $11 million intended to complete production work. Federal prosecutors maintained this payment was never applied to its designated purpose.
Rinsch instead channeled the money through various accounts before landing it in a personal trading account. He deployed $10.5 million to purchase options contracts linked to pharmaceutical stocks and the S&P 500 index.
Within less than eight weeks, he had lost more than half of those funds.
The Cryptocurrency Gamble Following his substantial trading losses, Rinsch moved over $4 million of the remaining balance to cryptocurrency platform Kraken. He allocated the entire amount to Dogecoin.
The speculative wager proved financially successful. Upon liquidating his Dogecoin holdings in May 2021, he realized profits of approximately $27 million.
Federal prosecutors maintained that the cryptocurrency windfall was irrelevant to the underlying criminal conduct. The money had been secured through fraudulent representations and deployed for unauthorized purposes.
While the Dogecoin transaction generated significant public interest in the case, judicial proceedings concentrated on Rinsch’s acquisition methods and subsequent use of the funds.
Luxury Spending Spree Rinsch allocated roughly $10 million of his trading profits toward personal luxuries and expenses.
His purchases encompassed $3.8 million in high-end furniture and collectible antiques, $2.4 million for five Rolls-Royce automobiles plus a Ferrari, $1.8 million toward outstanding credit card balances, $1 million in attorney fees for litigation against Netflix, and $652,000 on premium timepieces and designer clothing.
The television series was never completed. No funds were repaid to Netflix.
U.S. Attorney Jay Clayton emphasized the verdict’s significance in a public statement. “Fraud will not be tolerated,” he declared.
Lighter Than Requested Punishment Federal prosecutors had requested a five-year prison term. Rinsch’s legal team advocated for probation without incarceration, pointing to mental health considerations. Character references from relatives, acquaintances, and actor Keanu Reeves were submitted to the court on Rinsch’s behalf.
The presiding judge imposed a 30-month sentence, considerably less than prosecutors sought.
Additional penalties include three years of supervised release following imprisonment, $11 million in forfeiture payments, and $700 in mandatory court assessments.
Rinsch’s convictions included one count of wire fraud, one count of money laundering, and five counts of conducting financial transactions with illegally obtained funds.
The legal proceedings began with his arrest in March 2025 and concluded with sentencing on July 1, 2026.
Dogecoin price traded lower on Wednesday as sellers tightened control after fresh rejection near resistance. DOGE fell 1.32% to $0.0714 over 24 hours, extending its weekly loss to nearly 10%. The meme coin also dropped below the $0.073 support, indicating less strong momentum since the wider crypto sentiment remained wary in the big assets on Wednesday.
Dogecoin Price Faces Pressure After Support Breakdown Dogecoin price dropped to a new cycle low of $0.0711 after losing the key $0.073 support. The trend ratified a temporary technical failure and initiated increased selling action
Trading volume jumped 37.83%, showing that sellers became more active after the breakdown. DOGE also remained below $0.08, which now acts as a key resistance area for bulls.
Latest rejection indicates that buyers are yet to reclaim control. The sentiment was also impacted by the broader market weakness. Bitcoin price recovered almost to $59,000 after falling to as low as $57,800, and Ethereum price remained above $1,500. XRP also stabilized at around $1.00 as traders waited to see new catalysts.
Analyst Spots Key Dogecoin Price Level Before Next Breakout Crypto analyst Ali highlighted $0.06 as Dogecoin’s key support zone. According to him, this level has been characterized by great accumulation periods in previous cycles. The monthly DOGE chart depicts that the price trades around $0.072, which is near that support area.
$0.06 is the most important support level for Dogecoin $DOGE.
This multi-year accumulation zone has historically marked the beginning of some of the strongest rallies. pic.twitter.com/I6RZUILgrg
— Ali Charts (@alicharts) June 30, 2026
Dogecoin price is tracking within a giant multi-year bullish pennant, another analyst, Trader, claimed. According to his view, DOGE recently touched the lower boundary of the pattern. He referred to the arrangement as compressed, and the retests reduced the structure even more.
$Doge/3-month#Dogecoin is coiling inside a massive multi-year Bullish Pennant — and price just hit the bottom of the pattern.
This setup has been compressing for years. Every touch tightens the spring.
💥 Technicals are screaming bullish reversal. The pattern is textbook. The… pic.twitter.com/00ogO33zAg
— Trader Tardigrade 🧬 (@TATrader_Alan) July 1, 2026
Buyers are now observing whether they are able to defend the $0.06 area. A firm grip could help a recovery to more resistance levels. But a lack of adherence to this zone can undermine the optimistic expectations. For now, analysts see the area as critical for Dogecoin’s next major move.
According to Dogecoin derivatives data, the market was mixed as traders took up positions. Trading volume increased by 43% to $1.37 billion which indicated increased short-term participation.
Source: Coinglass data However, open interest fell 5.91% to $948.61 million, showing some leveraged positions closed. The options volume was decreased by 9.20% and options open interest increased by 6.59% to $477,490, indicating reserved positioning by traders due to ambiguous momentum.
Will Dogecoin Price Break Lower If $0.069 Support Fails? The latest DOGE price traded at $0.07102 on, slipping 0.67% on the four-hour chart.
Dogecoin price remained under pressure following the loss of the support zone of $0.075. The action continued to hold sellers at their present levels.
The chart shows DOGE hovering above $0.06993, which now acts as immediate support. Any drop below this will reveal $0.068.
The MACD remains weak, with both lines below neutral levels. This indicates that there is no strong bullish activity at the moment.
Nonetheless, CMF is close to 0.06, with weak capital inflow. This will help in a short-term recovery.
Should buyers protect $0.069, the future Dogecoin outlook price might seek a short-term revival. The initial upside target will be close to $0.075.
Source: Tradingview A more aggressive recovery can lead to a price increase up to $0.080. This level is an important resistance level. The bigger rebound objective is at $0.085, at which the sellers have dominated momentum.
Cardano (ADA) trades around $0.146 on Wednesday, stabilizing after a sharp correction as selling pressure eases. Weakening derivatives metrics indicate traders remain cautious, while fading bearish momentum indicators suggest a potential recovery for ADA.
Derivatives traders remain cautiousCardano’s derivatives metrics support a negative outlook. ADA’s futures Open Interest (OI) dropped to $360 million on Wednesday after a mild rise in mid-May but has been continuously falling since mid-January. This drop in OI reflects waning investor participation and projects a bearish outlook.
Cardano open interest chart. Source: SoSoValueIn addition, CoinGlass’ long-to-short ratio for ADA reads 0.69 on Wednesday, nearing its lowest level in over a month. This ratio, being below one, reflects bearish sentiment in the market, as more traders are betting on the asset’s price to fall.
ADA long-to-short ratio chart. Source: CoinglassSome signs of optimismCryptoQuant’s summary data shows mild bullish sentiment. Cardano’s spot markets show large whale orders amid neutral conditions across other metrics, supporting a potential recovery.
Cardano Price Forecast: Fading bearish momentumCardano price trades at $0.146 on Wednesday, consolidating after a recent correction. However, ADA maintains a long-term bearish bias, with price holding well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at roughly $0.187, $0.221, and $0.297.
The Relative Strength Index (RSI) has stabilized near 33, and the Moving Average Convergence Divergence (MACD) line remains slightly positive, hinting at tentative downside fatigue but not yet altering the overarching downward structure.
On the topside, initial resistance is seen at the 23.6% Fibonacci retracement near $0.173, ahead of the 50-day EMA around $0.187 and the 38.2% Fibonacci retracement close to $0.1957. Further up, the 50% retracement level at $0.213, the 100-day EMA at $0.221 and the downtrend resistance trendline’s break area near $0.226 form a broader supply band, followed by clustered barriers between the 61.8% Fibonacci retracement at $0.231, horizontal caps at $0.236 and $0.245, and the upper band defined by $0.256–$0.299 including the 78.6% Fibonacci retracement, the 200-day EMA around $0.2976 and overhead horizontal resistance.
On the downside, immediate support sits at the Fibonacci anchor at $0.1382; a clear break below this floor would expose fresh lows in the broader downtrend.
(The technical analysis of this story was written with the help of an AI tool.)
The stablecoin market on the Cardano network recorded a double-digit increase over the past week, pushing its valuation above the $60 million mark.
According to data from DeFiLlama, Cardano’s stablecoin market cap climbed to $60.39 million, representing a 14.67% increase over the past seven days. The rise marks one of the strongest short-term expansions in the network’s stablecoin sector in recent months and signals increasing participation in Cardano’s decentralized finance ecosystem.
Cardano Stablecoin Market Cap Soars USDCx Fuels Cardano Stablecoin Valuation The surge came only days after an unidentified user bridged more than $10 million worth of USDCx onto the Cardano blockchain. Several ecosystem participants highlighted the transaction, including Cardano DeFi aggregator DEX Hunter.
Meanwhile, additional USDCx tokens have continued to enter circulation on Cardano. Data shared by SNEK co-founder Rami indicates that roughly $4.5 million worth of USDCx was minted on the network within two days, further strengthening stablecoin liquidity. As a result, the fresh capital inflow has deepened liquidity across the ecosystem.
USDCx, the Circle-backed stablecoin introduced to Cardano earlier this year, has quickly established itself as the dominant stable asset on the network.
Currently, USDCx commands a market share of 59.38%, accounting for $35.85 million of Cardano’s total $60.39 million stablecoin market cap. The rapid growth highlights increasing adoption of the asset as users seek seamless access to cross-chain liquidity within the ecosystem.
Stablecoin Growth Supports Total Value Locked The rise in stablecoin liquidity also lifted Cardano’s total value locked (TVL), which climbed to approximately $82 million earlier this week before retreating to around $75 million following the latest decline in ADA’s price.
Despite the pullback, analysts believe the recent increase in stablecoin reserves provides a stronger foundation for future DeFi expansion on the network. Cardano research analyst Dr. Cuadrado believes the recent influx of stablecoin liquidity marks the beginning of a major growth phase for the ecosystem.
According to him, the most explosive stage of the current bull market could begin once Cardano’s stablecoin market cap surpasses its total value locked. He argued that such a development would signal the presence of excess liquidity waiting to be deployed across decentralized applications.
In his view, higher stablecoin reserves would lead to deeper liquidity pools, increased borrowing and lending activity, larger trading volumes, and more attractive yield opportunities across the network.
ADA Remains Under Pressure Despite Improving Fundamentals Meanwhile, ADA continues to face bearish pressure despite the improvement in on-chain metrics. The asset has gradually slipped down the global cryptocurrency rankings and currently stands as the world’s 18th-largest crypto by market cap.
At press time, ADA had a market valuation of $5.53 billion and traded at $0.1519 per token, representing a 35.43% decrease over the past month.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
CSWAP has highlighted a new integration aimed at simplifying how Bitcoin holders can participate in decentralized finance on the Cardano network.
The update follows an announcement from BTC Karma, CSWAP’s Bitcoin-native DeFi protocol, confirming support for the Phantom Wallet. With the integration now live, Bitcoin users can connect their Phantom wallets directly to BTC Karma and stake BTC in just a few clicks.
According to BTC Karma, the new wallet support removes onboarding friction and creates a more straightforward path for Bitcoin holders seeking yield opportunities through decentralized finance applications.
CSWAP Positions Wallet Expansion as a Liquidity Gateway Following the announcement, CSWAP emphasized the broader importance of the integration for the Cardano ecosystem.
The protocol noted that every additional wallet it supports lowers the barriers that prevent Bitcoin liquidity from flowing into Cardano-based applications. Consequently, the addition of Phantom support marks another step toward attracting the next generation of Bitcoin DeFi users.
“Every wallet we support makes it easier for Bitcoin liquidity to enter the Cardano ecosystem,” CSWAP remarked.
CSWAP CEO Hints at More Integrations Reacting to the launch, CSWAP founder and CEO Jon Kravetz reiterated the team’s commitment to expanding BTC Karma’s reach across additional wallets and user communities.
He described the Phantom integration as part of a broader effort to extend the BTC Karma ecosystem across the cryptocurrency industry. Furthermore, Kravetz hinted that the team is already developing additional integrations, signaling plans to continue lowering entry barriers for Bitcoin holders interested in Cardano’s DeFi opportunities.
Just added @phantom wallet support on @btc_karma.
We're spreading good $KARMA far and wide.
We're turning bitcoin…in to productive capital one wallet at a time. (There's more coming!) https://t.co/npV7lJoNyQ
— Jon Kravetz (@CSWAP_Destroy) June 30, 2026
For context, BTC Karma is widely regarded as the first Bitcoin-native DeFi protocol operating directly on the Cardano mainnet. The platform serves as a bridge, allowing Bitcoin holders to earn yield and receive new tokens while participating in the Cardano ecosystem.
Notably, the protocol’s design aligns closely with Cardano founder Charles Hoskinson’s vision of bringing idle Bitcoin capital into the ADA ecosystem. Hoskinson argued that Cardano can unlock more than $2 trillion in Bitcoin DeFi opportunities, stressing that the network has a strong chance of becoming a major player in the emerging sector.
Cardano Continues to Expand Its Bitcoin DeFi Ambitions Meanwhile, Cardano continues to advance its broader DeFi strategy through several processes, including Bitcoin integration initiatives.
Earlier this year, Fluid Tokens completed the first atomic swap between Bitcoin and Cardano, demonstrating growing interoperability between the two networks. In addition, Cardano previously introduced its first Bitcoin DeFi protocol, Cardinal, which allows BTC holders to bridge and stake their assets without selling them.
Hoskinson also revealed plans earlier this year to launch a one-click Bitcoin yield system on Cardano before year-end. However, the project has yet to provide an update on its progress.
In the meantime, competition in the Bitcoin DeFi sector continues to intensify, with rivals such as Flare arguing that they are better positioned to lead the race for Bitcoin-based decentralized finance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
BTC bears remain in charge as the asset briefly tumbled to $58,000.
June was brutal for the primary cryptocurrency, with its price crashing about 20% over the month. And even though July is usually a strong period for BTC, this one kicked off poorly, and the asset continues to trade well below $60,000.
Several altcoins have mimicked the move, posting additional losses, while Cardano (ADA) is among the few daily gainers.
BTC Under Pressure The asset has been in a steep decline lately, driven by several key factors, including the prolonged bear market affecting the entire crypto sector, waning interest from institutional investors, uncertainty stemming from the conflict in the Middle East, and more.
Yesterday (June 30), BTC tried to reclaim the psychological level of $60,000, but the bulls quickly lost control, and the price started another downturn. As of this moment, it trades at around $58,900 (per TradingView), representing a 1.5% decline on a daily scale.
BTC Price, Source: TradingView July has historically been a strong month for Bitcoin, and we have yet to see whether it could deliver a long-awaited revival in the weeks ahead. At the same time, many bearish signals point out to the possibility of a further pullback, while analysts believe the cycle’s bottom has not arrived yet.
Following the latest price slump, BTC’s market capitalization has dropped to approximately $1.18 billion, while its dominance over altcoins remains over 56% on CG.
ADA Re-Enters the Top 20 Club Many alternative coins have followed BTC’s footsteps, registering mild declines over the last 24 hours. Ethereum (ETH) is down 0.5% for the day, whereas Hyperliquid (HYPE) has lost 2% of its valuation. LAB (LAB) is the worst-performing cryptocurrency from the top 100 list, posting a loss of 27%, with Audiera (BEAT) coming next at -7%.
You may also like: Bitcoin Whales Are Dumping: But This Rare Signal Says the Bottom May Be Close Bitcoin Bulls Fight for $60K as Markets Digest US-Iran News (Market Watch) Bitcoin Could Fall Into the $40,000s Before Bottoming: Bitfinex Analysts Still, some have defied the bearish conditions. Cardano’s ADA has risen by 4% and reclaimed $0.15. Its market cap surged past $5.6 billion, meaning the token is once again among crypto’s 20 largest cryptocurrencies.
Other altcoins flashing in green today (July 1) include WBT (+15%), JPT (+13%), XLM (+12%), CC (+5%), and more. The total crypto market capitalization has remained rather unchanged at around $2.1 trillion.
Cryptocurrency Market Overview July 1; Source: QuantifyCrypto Tags:
Cardano appears to be breaking out against Bitcoin, as its price has considerably outperformed the apex cryptocurrency in the past few days.
Cardano (ADA) is having a good start to July, bouncing 4% already today to reclaim $0.150. This is a positive sign considering the altcoin dumped 38% in June, its worst monthly performance since November 2018.
The uptick comes after days of consolidation at a key support level around $0.140. This rebound against the USD pair and its recent performance against Bitcoin is beginning to look like the start of a sustained move to higher prices.
ADA/BTC Chart Turns Bullish The daily ADA/BTC chart shows a clear disparity between the two assets’ price trends in the past few days. While Bitcoin has trended lower, Cardano has gained strength and moved in the opposite direction.
Over the past three days, ADA has gained against Bitcoin. After a mild 0.41% increase on Monday, the ADA/BTC pair rose by 1.65% on Tuesday and an impressive 3.66% so far today. This price trend is reflected in the 4% Cardano rise and nearly 1% Bitcoin drop in the past 24 hours.
ADA/BTC Breaking Out Typically, Bitcoin controls the mood of the broader crypto market. Its drop or increase has a ripple effect on altcoins, forcing them to follow its trend in most cases.
As such, the Cardano breakout against BTC is significant. It suggests that ADA could continue to gain strength regardless of Bitcoin’s trend. This could see the altcoin target higher prices if momentum sustains, even if the broader market is bearishly biased.
Resistance Levels Ahead However, the ADA/BTC pair has clear resistance levels ahead. Currently at 0.00000255, it trades exactly at the 20-day exponential moving average (EMA). This dynamic supply zone forced the pair lower in early June, following the rejection at 0.00000325.
How ADA/BTC reacts around this EMA would determine its next direction. A sustained trend above this level would confirm the breakout, while a rejection would form another lower high and kickstart another leg down.
Higher EMAs like the 50-day, 100-day, and 200-day are at 0.00000279, 0.00000310, and 0.00000369, respectively. They are also areas of interest if the upward momentum endures.
Cardano Volume Spikes 60% as Momentum Returns Following the rally to reclaim $0.150, trading activity has increased 60% over the past 24 hours to $471.3 million, signaling growing market participation.
Open interest has also improved 1.43% to $371 million, showing emerging derivative interest. The slight uptick in OI shows that the recent increase is not derivative-driven but rather the momentum from dip-buying among spot traders.
Cardano Derivative Data/Coinglass Coinglass’s Cardano spot flows activity confirms this. Over the past 24 hours, exchange outflows have surpassed inflows, with the former at $29.13 million and the latter at $28.55 million.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano activity is showing signs of recovery after EMURGO addressed user concerns tied to Yoroi wallet syncing and connection lag. The issue was a client-side wallet problem, not a protocol exploit, and there has been no indication that user funds were lost or that the Cardano network itself was compromised.
TL;DR EMURGO patched Yoroi wallet sync and integration concerns. Cardano active address growth has reportedly started to recover after the update. The issue was connected to wallet-side lag and connectivity, not a Cardano protocol failure. Users should avoid treating the incident as a hack or loss-of-funds event. Wallet issues can create outsized anxiety because users experience them directly. If a balance is slow to load or a connection does not sync cleanly, many people naturally fear the worst. In this case, the validated handoff points to connection and synchronization concerns around Yoroi, with the underlying Cardano protocol not suffering a network-level disruption.
Why wallet reliability matters For most users, a blockchain is only as usable as the wallet sitting in front of it. Cardano can continue producing blocks, but if a wallet interface feels slow or unreliable, users may still lose confidence. That is why client-side fixes matter even when the underlying network remains secure.
Yoroi has long been one of the more familiar wallet names in the Cardano ecosystem. When integration or sync issues appear, they can affect perception across the broader ADA community. A patch that restores smoother access helps reduce uncertainty and gives users a clearer path back to normal activity.
Activity shows signs of returning After the technical update, Cardano active address growth reportedly showed signs of recovery. That does not necessarily mean a sudden surge in price demand or a major new adoption wave. It does suggest that some users who had paused or struggled with wallet interaction are returning to normal chain usage.
Active address data is always imperfect. One user can control multiple addresses, and activity can be influenced by wallet behaviour, staking, transfers, or dApp interactions. Still, a recovery after a wallet fix is a useful sign that the issue was not causing lasting network-wide damage.
Keep the security framing clean The most important editorial distinction is security. This was not a hack. It was not a smart contract exploit. It was not a loss-of-funds event. Framing it correctly matters because crypto users are understandably sensitive to wallet headlines, and inaccurate language can create unnecessary fear.
For Cardano, the story is more about user experience and trust than crisis. The network appears to have continued operating, EMURGO addressed the wallet-side concerns, and activity is beginning to normalize. That is a useful recovery story, but it should be told without exaggerating the original issue.
For readers, the recovery is a reminder that ecosystem trust often depends on the small things working smoothly. Wallet reliability, clean communication, and fast technical fixes can matter just as much as larger roadmap announcements when users are deciding whether to stay active.
This report is based on information from Yoroi Wallet.
This article was written by the News Desk and edited by Samuel Rae.
Albemarle (ALB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this specialty chemicals company have returned -21.4% over the past month versus the Zacks S&P 500 composite's -1.8% change. The Zacks Chemical - Diversified industry, to which Albemarle belongs, has lost 8.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Albemarle is expected to post earnings of $3.21 per share for the current quarter, representing a year-over-year change of +2818.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.3%.
For the current fiscal year, the consensus earnings estimate of $12.98 points to a change of +1743% from the prior year. Over the last 30 days, this estimate has changed +4.8%.
For the next fiscal year, the consensus earnings estimate of $13.38 indicates a change of +3.1% from what Albemarle is expected to report a year ago. Over the past month, the estimate has changed +5.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Albemarle is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Albemarle, the consensus sales estimate of $1.53 billion for the current quarter points to a year-over-year change of +15.1%. The $6.11 billion and $6.49 billion estimates for the current and next fiscal years indicate changes of +18.8% and +6.3%, respectively.
Last Reported Results and Surprise HistoryAlbemarle reported revenues of $1.43 billion in the last reported quarter, representing a year-over-year change of +32.7%. EPS of $2.95 for the same period compares with -$0.18 a year ago.
Compared to the Zacks Consensus Estimate of $1.33 billion, the reported revenues represent a surprise of +7.82%. The EPS surprise was +137.9%.
Over the last four quarters, Albemarle surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Albemarle is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Albemarle. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
The iShares MSCI USA Momentum Factor ETF (NYSEARCA:MTUM) has run hard this year, climbing 30% year to date and 38% over the past 12 months to roughly $326. Headline numbers, though, mask a violent rotation inside MTUM’s portfolio. The AI/cloud mega-caps that powered the momentum trade through 2025 have stumbled, while one AI-memory name has done almost all the lifting. With the next MSCI semi-annual reconstitution due in late November, MTUM holders need to understand exactly what the rebalance could rewire.
What MTUM Owns Right Now and Why the Mix Is Cracking MTUM tracks the MSCI USA Momentum Index, which selects large- and mid-cap U.S. stocks scored on risk-adjusted 6- and 12-month price momentum. Expense ratio is a cheap 0.15%, and the fund rebalances semi-annually in May and November. The current cohort was set at the May reset, which loaded the portfolio with AI/cloud leaders. That cohort is now fracturing in real time: top cloud mega-cap holdings have slipped over the last month, while Micron Technology (NASDAQ:MU | MU Price Prediction) is up 297% YTD. That single name is masking weakness across the rest of the book.
The Macro Factor That Matters Most: Real Yields and AI Capex The one macro variable to monitor is the 10-year Treasury yield, currently near 4.4%. MTUM’s top weights are long-duration growth names whose valuations and capex plans are tied to financing conditions. The cloud trio collectively spent enormous sums on capex last quarter, almost all aimed at AI infrastructure. If the 10-year breaks above 4.75%, expect further multiple compression in the cloud trio and a knock-on hit to Micron, whose HBM demand depends on hyperscaler order books staying open.
The signal to watch is the CME FedWatch tool for the September FOMC meeting and the weekly Treasury yield prints on the Fed’s H.15 release. Check both at least weekly. The historical playbook is 2022, when a yield surge from 1.5% to 4.3% drove momentum factor drawdowns of roughly 30% as growth leaders deflated. A move the other way, a confirmed cut path and a 10-year drifting toward 4%, would refuel the existing AI-heavy cohort before the November rebalance even fires.
The Fund-Specific Factor: The November Reconstitution The single biggest fund-specific risk is the November rebalance and Micron’s potential index weighting. Micron just reported revenue of $41.5 billion, up 346% YoY, with non-GAAP gross margin at 85% and Q4 guidance of $50 billion. Its stock is up 801% in a year. That trajectory all but guarantees a top-tier momentum score at the November reconstitution, which could push MTUM’s semiconductor weight materially higher and lift the fund’s beta toward Micron’s roughly 2.2.
Watch the MSCI USA Momentum Index methodology page and iShares’ MTUM fact sheet around mid-November for the post-rebalance holdings file. Also keep an eye on lower-beta names that could absorb concentration: defensive healthcare and large-cap consumer-tech holdings could earn higher weights and dampen the AI concentration. For investors seeking pure mega-cap exposure without rebalance whiplash, a market-cap index fund offers a different mechanic worth researching.
The Bottom Line Watch the 10-year Treasury yield: a break above 4.75% would pressure MTUM’s AI-heavy book before any rebalance can rescue it. Then watch the November reconstitution. If Micron enters at a high weight and the cloud trio gets trimmed, MTUM effectively becomes a more cyclical, semiconductor-tilted fund than the one investors bought in May.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
I think the primary reason why Micron (MU 6.54%) is so interesting is because of the surge in component pricing.
*Stock prices used were the afternoon prices of June 27, 2026. The video was published on June 29, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
At VettaFi, we’ve been talking a lot about bottlenecks as a concept. Some of the brightest equity market opportunities for capital growth are tied to bottlenecks in a supply chain-context. The AI theme is a prime example. For instance, look at the recent record-breaking results for Micron Technology (MU). The semiconductor company is widely known for its memory and data storage products. We’ve seen semiconductors be a driving force in the AI investment theme opportunity, but memory, specifically, is its latest high profile bottleneck.
Key Takeways: Bottlenecks are powerful drivers of capital growth with near-term opportunities. Micron Technologies shows a unique paradox between momentum and deep value. ETFs offer diverse paths to access the squeeze. Even as talk about over-valuation and over-exposure to AI-related names grows louder, Micron reminds us of the power of a sticky-for-now bottleneck. The company delivered a blockbuster earnings report last week, beating revenue, earnings per share, and margins. Forward guidance was also positive, as demand should continue to outstrip supply’s capabilities to keep up with it. The stock is up 265% in the first half of 2026 (as of June 30). It gained more than 834% in the past 12 months. And yet, its forward P/E is around 8–9x.
Micron delivered a “transformational earnings report,” to quote Jeremy Schwartz, who recently shared with us his midyear market views. “This is one of the key battleground stocks, and it’s a fascinating stock for indexes because it’s not an expensive stock. It’s a question of, ‘Are its earnings sustainable? Is the memory for Micron a cyclical story?’”
“We call [the latest]earnings report a transformational story because it’s an inflection for Micron,” he added. “They basically said, ‘We’ve got strategic people who are locked in memory for the next four to five years.’ The bottlenecks are not getting oversupply. It’s actually worsening, because there’s so much demand for this stuff.”
The takeaway here, as we look to the second half of the year and kick the tires on some of the hottest investment themes of 2026? It looks like this bottleneck will continue to remain in focus, as Micron offers us the latest example of the AI story’s scaffolding.
Where in ETFs Is Micron? Micron is the single largest holding in the Roundhill Memory ETF (DRAM), at about 25% weighting — the year’s most successful thematic ETF launch, focused on the high-profile AI-related bottleneck around memory capabilities.
However, that’s just one portfolio offering direct access to this name. There are more than $220 million worth of Micron shares today, spread across over 600 different ETFs.
Many broad-based equity portfolios own it. Some narrowly focused funds capturing semiconductors, or broader AI strategies and tech, own it, as well. Growth ETFs like WisdomTree U.S. Quality Growth Fund (QGRW) invests in Micron, as do momentum ETFs like the Invesco S&P 500 Momentum ETF (SPMO), as well as single-stock plays and funds like DRAM. (Check out our ETF Stock Exposure Tool for a complete list.)
Micron is also a key holding in the NEOS Long/Short Equity Income ETF (NLSI), which generates high monthly income through options on a long/short portfolio of equities led by an allocation to Micron. NLSI’s distribution rate is 5.3%.
But one of the largest allocations to Micron today sits in a fund that may surprise many: the iShares MSCI USA Value Factor ETF (VLUE). VLUE sets out to own undervalued stocks with high growth potential long-term, and Micron leads its holdings. Similarly, the stock is in the Goldman Sachs Value Opportunities ETF (GVLE). We may be suffering from a little bit of AI-fatigue, but talk about the staying power of this bottleneck, when a stock that’s up more than 800% in one year is still a top value pick!
What’s interesting about bottlenecks is that they aren’t necessarily long-term plays. As Brian Coco, chief product officer and head of VettaFi’s index team, puts it: “When margins explode, capitalism solves for it.”
Bottlenecks are, by design, near-term opportunities for capital growth. How long the opportunities last — until some sort of innovation or disruption brings supply chains back into balance — varies. But they are very powerful, as Micron is showing us. And ETFs across all sorts of strategies and themes can offer unique, direct access to them.
Finally, if you’d like to hear Jeremy Schwartz’ complete view on markets, catch a replay of our Midyear Market Symposium here.
For more news, information, and analysis, visit the Equity ETF Content Hub.
BOISE, Idaho, July 01, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) and General Motors announced a Strategic Customer Agreement (SCA) to secure a long-term, reliable supply of memory and storage platforms critical to GM’s vehicle production and delivery at scale. Micron and GM are working together to strengthen semiconductor and automotive supply chains while supporting the next generation of U.S. manufacturing and innovation.
Automotive platforms and production require consistent component supply over extended lifecycles, making predictability and continuity of memory supply a critical priority for the industry. Ensuring consistent access to memory and storage is essential not only for automakers but also for consumers looking for new vehicles with the latest technology and safety standards amid rising global semiconductor demand.
In addition to the committed supply in this agreement, Micron and GM continue to collaborate on future memory and storage technology requirements essential for the next generation of vehicles. This includes deep technology collaboration to align on future product definition, system-level optimization, and the qualification of advanced memory technologies to support GM’s next generation of vehicle architectures and roadmaps.
This agreement is enabled by Micron’s ongoing investments to expand and localize supply for automotive customers, including advanced DRAM manufacturing in Manassas, Virginia. Micron’s $2 billion investment to modernize its Manassas fab, which began production earlier this year, provides the longevity and supply output valuable to long product lifecycles, improved supply predictability, and helps ensure product continuity across the industry.
Enhanced customer experiences through local compute that support AI-enabled in-cabin experiences and advanced driver assistance (ADAS) autonomy are driving the importance for advanced memory and storage in this industry. Through this agreement, GM will secure supply of LPDRAM, NOR and UFS NAND products and with continued collaboration, Micron and GM will validate and qualify future technologies. As vehicles become increasingly software-defined and AI-driven, memory and storage performance, reliability, and scalability are essential to enabling next-generation capabilities.
“We are proud to expand our strategic relationship with General Motors to deliver both long-term supply assurance and technology innovation critical to the future of the automotive industry,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “As demand for memory and storage continues to grow, we are investing to extend supply availability, expand capacity and align more closely with our customers to improve supply predictability across the automotive ecosystem. Our expanding manufacturing efforts in the United States are designed to enable GM to deliver both near-term products as well as secure U.S.-based supply to support next generation platforms and innovation.”
“Delivering next-generation vehicles at scale requires a resilient and closely aligned supply chain,” said Mary Barra, Chair and CEO of General Motors. “Our expanded collaboration with Micron strengthens our access to critical memory technologies while enabling deeper integration across our vehicle platforms, supporting both performance and long-term reliability. This agreement reinforces the supply chain needed to support future vehicle innovation and production.”
These strategic customer agreements are part of Micron’s broader approach to strengthening supply continuity across the global semiconductor ecosystem. By aligning long-term demand with committed capacity and engineering collaboration, Micron is improving planning visibility, reducing supply variability, and helping ensure that critical industries, including automotive, have reliable access to the memory and storage technologies required to operate and innovate at scale.
Micron’s long-standing leadership in automotive memory and storage, combined with its expanding global manufacturing investments, positions the company as a key partner to leading automakers like GM as the industry transitions to more intelligent, connected, and autonomous vehicles.
This SCA is one of the 16 discussed on Micron’s fiscal third-quarter 2026 financial conference call.
About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the anticipated benefits of the Micron-GM collaboration. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
If you purchased shares of Micron Technology (MU 6.36%) and Sandisk (SNDK 7.99%) stock at the beginning of the year, you look like an absolute genius right now. The stocks have performed remarkably well, with Micron rising 325%, and Sandisk delivering nearly 900% gains. Most investors see those returns over decades, not months.
But there's a growing question investors must answer: Is there room for more, and if there is, which stock is the better one to buy? Let's take a look at these two and see if the roller-coaster ride is peaking or just getting started.
Image source: Getty Images.
The AI build-out is driving massive growth for these two Both Micron and Sandisk are memory chip makers. Micron operates on both sides of the market, producing both DRAM and NAND memory, while Sandisk is solely on the NAND side.
NAND memory is non-volatile and can hold information even if it loses power, making it great for long-term data storage. It's utilized in devices like solid-state drives (SSDs), and those are in high demand as data centers are built out across the nation.
DRAM memory is tailored for high-speed, rapid recall purposes and gets deployed alongside powerful computing chips. So, whenever you hear about how many more chips are being sold by companies like Advanced Micro Devices or Nvidia, you can immediately assume that Micron is benefiting as well.
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Demand for memory chips has reached unprecedented levels, spurred on by the AI build-out. However, it's unlikely demand will subside anytime soon, as multiple projections indicate that 2026's elevated spending on data is just the start. In fact, Nvidia believes that global data center capital expenditures will rise to $3 trillion to $4 trillion annually by 2030.
That bodes well for the futures of Micron and Sandisk, and even if they can increase production capacity, it doesn't mean that it will be enough to meet demand. As a result, I don't think Micron and Sandisk are in a bubble, and their valuations back that up.
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Sandisk and Micron are each strong picks Both Micron and Sandisk operate on odd fiscal years. Sandisk's ends in June, while Micron's ends in August. As a result, I think looking at next year's fiscal year (FY) projections is a smart idea. Wall Street believes that Micron's growth will be 78% next year, while Sandisk's will total 122%. There's clearly more growth ahead for these two, yet their stocks aren't priced at a premium level.
MU PE Ratio (Forward 1y) data by YCharts
With Micron trading at 8 times forward earnings and Sandisk at 13, there is still plenty of room for upside, as most tech companies trade in the mid-20s forward price-to-earnings ratio. If both of these two can rise to that level over the next year, then Sandisk stock has the potential to double, and Micron can triple. That's explosive returns that any investor would love to see, and even though it's not the same as the growth each stock has delivered so far in 2026, it's still a great return to achieve in just a year.
As a result, I think each of them is a smart buy, but which one takes the cake? Although the upside may be higher for Micron if the above prediction comes true, I'm more of a fan of Sandisk stock because it's only focused on one segment of the memory chip market and is doing quite well in it. Micron has more to worry about, which still doesn't make it a bad investment, but opens it up to more execution errors if it stumbles in one area.
The memory chip crunch is far from over, and investors can still take advantage of these two stocks.
SummaryBlackBerry has emerged as a significant market winner in 2026, with shares more than tripling.Recent Q1 results signaled a positive inflection, with revenue growth and GAAP profits finally materializing after prolonged struggles.The surge in shares has put the valuation at a level that matches tech names that are usually growing their top lines much faster. Thomas Barwick/DigitalVision via Getty Images
One of the market's biggest winners over the past year has been BlackBerry (BB). The Canadian technology company had struggled for years to get its top line growing, but the situation has finally started
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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.
Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from a broker or financial adviser before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.
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.
Key Takeaways Medicare's GLP-1 Bridge program expands access to weight-loss drugs for eligible U.S. seniors.NVO and LLY could benefit as millions of Medicare beneficiaries become eligible for GLP-1 therapies.ETFs like OZEM offer diversified exposure to companies tied to the expanding weight-loss market. In a landmark move beginning July 1, 2026, Medicare, under its "GLP-1 Bridge" demonstration program, is set to provide eligible U.S. seniors with access to popular weight-loss medications like Wegovy, Zepbound, and Foundayo for a copay of just $50 per month. This historic decision, which sidesteps a decades-old federal law banning Medicare coverage for weight-loss drugs, is set to unlock millions of new patients for major obesity drugmakers like Novo Nordisk (NVO - Free Report) and Eli Lilly (LLY - Free Report) .
For investors, this development signals a significant catalyst for the booming weight-loss drug market. While the rally in GLP-1 giants has already been substantial, the latest Medicare coverage expansion has added a new, powerful growth driver.
For those looking to capitalize on this trend without betting on a single company, specialized Exchange-Traded Funds (ETFs) focused on GLP-1 drugs offer a compelling way to gain diversified exposure to the industry-wide rally.
To understand why these ETFs are poised to benefit, one must first grasp the scale of the obesity drug market's expansion and its growth opportunities in the United States, in addition to the specific impact of this new coverage.
The Booming U.S. Obesity Drug MarketThe U.S. weight-loss drug market has experienced explosive growth, driven by a combination of medical innovation and soaring patient demand. According to CDC data, every single U.S. state and territory maintains an obesity prevalence of 25% or higher, with the condition affecting 40% of all U.S. adults. This widespread public health crisis results in nearly $173 billion in annual healthcare expenditures, putting weight-loss drugs, commonly known as GLP-1s, at center stage.
This growth is further fueled by aggressive pipeline expansion from the industry's two dominant players. Eli Lilly recently strengthened its position with the launch of its oral GLP-1, Foundayo, in early April 2026, joining its blockbuster injection Zepbound. Novo Nordisk rolled out an oral version of its flagship Wegovy in January 2026, giving patients a convenient, non-injectable alternative.
Medicare Coverage Unlocks New Growth OpportunitiesObesity among older Americans has risen sharply, nearly doubling over the last few decades to affect roughly 40% of seniors aged 65 and older. The Medicare GLP-1 Bridge program addresses this previously untapped pool by making therapeutics affordable for a massive segment of the 69 million Medicare beneficiaries.
The financial implications are staggering. A Kaiser Family Foundation (KFF) analysis estimates that 3.8 million beneficiaries immediately meet the clinical criteria for the program. KFF projects that if even 10% to 25% of these eligible seniors participate, the program will inject between $1.3 billion and $3.3 billion directly into the market. If adoption reaches 50%, that revenue pipeline balloons up to $10 billion.
Novo Nordisk and Eli Lilly estimate that 15 to 20 million older adults in Medicare could ultimately qualify for their weight loss medications (as cited in CNBC). So, the latest Medicare Coverage of GLP-1 drugs should translate into direct revenue growth for these two drug giants.
This highly visible profit margin may also force other pharma giants to accelerate their pipelines. Pfizer (PFE - Free Report) recently finalized a massive $10 billion acquisition of obesity biotech Metsera to secure long-acting GLP-1 assets, while Amgen (AMGN - Free Report) is aggressively advancing its own experimental weight-loss therapy candidate like maridebart cafraglutide.
Weight Loss ETFs to RallyTo seamlessly capture this expanding ecosystem of the weight loss market, the following specialized ETFs featuring the obesity drug giants are poised to rally in the coming days:
Roundhill GLP-1 & Weight Loss ETF (OZEM - Free Report)
This fund, with net assets worth $54 million, offers exposure to 25 companies that are involved in the manufacturing of weight loss drugs, including GLP-1 agonists. Its top three holdings include: NVO (with 12.96% weightage), LLY (12.69%) and PFE (6.38%). AMGN holds the 10th spot in this fund, with 3.85% weightage.
OZEM has surged 27.1% over the past year. The fund charges 59 basis points (bps) as fees.
Amplify Weight Loss Drug & Treatment ETF (THNR - Free Report)
This fund, with net assets worth $4.4 million, offers exposure to 20 companies that are expected to economically benefit from weight loss drug development. Its top three holdings include: NVO (9.76%), LLY (9.26%) and Scholar Rock (5.71%). AMGN holds the seventh spot in this fund, with 4.58% weightage.
THNR has risen 11.8% over the past year. The fund charges 59 bps as fees.
Tema Heart & Health ETF (HRTS - Free Report)
This fund, with net assets worth $54.6 million, offers exposure to 45 companies advancing prevention and treatment across chronic conditions, including heart disease, diabetes, and obesity. Its top three holdings include: LLY (11.86%), UnitedHealth (5.53%) and NVO (5.22%).
HRTS has rallied 26.5% over the past year. The fund charges 75 bps as fees.
AMGN stands out compared to Biogen given its broader product portfolio, pipeline depth and steadier growth outlook despite patent and competition risks.
NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Zillow Group, Inc. (“Zillow” or the “Company”) investors of the August 10, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Zillow Group Class Action Lawsuit:
Do you, or did you, own shares of Zillow Group, Inc. (NASDAQ: ZG, Z)?Did you sell your shares between February 11, 2025 and May 7, 2026, inclusive?Did you lose money in your investment in Zillow Group, Inc.? Investors are encouraged to act promptly and submit a form at Zillow Group, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by August 10, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired Class A (NASDAQ: ZG) or Class C (NASDAQ: Z) common stock of Zillow between February 11, 2025 and May 7, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Zillow common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
In a year when tech stocks are rallying, MercadoLibre (MELI +1.46%) is a laggard. Latin America's leader in e-commerce, payments, logistics, and other fintech offerings is trading 16% lower in 2026. There are some good reasons for MercadoLibre's pullback in recent months. The headwinds are real. However, don't sleep on the tailwinds.
The Latin American bellwether is growing at an impressive pace, and some of the near-term challenges that are squeezing margins could prove temporary. Let's go over the bad, and the good, to see whether this is a dip worth buying or the start of more pain to come.
Image source: Getty Images.
First up, the headwinds There have been plenty of ups and downs for MercadoLibre's stock, and the latest downturn is the 17% drop it experienced over the six trading days following the company's disappointing first-quarter report. MercadoLibre turned in a strong quarter of top-line growth -- and we'll get to that shortly -- but it was a dud on the bottom line. MercadoLibre has fallen short of Wall Street's profit targets in three of its past four quarters.
Two things are weighing on MercadoLibre's profitability. The first is the cutthroat nature of Brazil's online retail market. Overseas competitors are willing to incur losses to establish a presence in a region that's still in its early stages of digital development. One popular lever to drive sales is to slash the minimum order size for free delivery, and MercadoLibre has had to do just that to remain the top dog on its home turf.
The other major factor weighing on MercadoLibre's bottom line is the popularity of its loan products. MercadoLibre's credit portfolio has jumped 87% over the past year. Beyond increasing MercadoLibre's overall risk profile, initiating loans entails an accounting hit for potential loss provisions.
The loss provisions and shrinking e-commerce margin in Brazil are leading analysts to whittle down their profit projections. In the past three months alone, Wall Street estimates have declined by 28% for this year and 25% for 2027.
Tailwinds, for the win You can't deny that MercadoLibre is a growth stock. Revenue soared 49% (or 46% on a foreign-exchange neutral basis) in the first quarter of this year. Its Mercado Pago payment platform processed $87.2 billion in transactions during the quarter, a 50% increase. Its flagship e-commerce business is serving 84.1 million active buyers, a 26% increase over the past year. The presence of hungry competition isn't eating into MercadoLibre's engagement, as gross merchandise volume spiked 42% for the quarter.
Despite the near-term drag on reported profitability, its net cash from operating activities doubled during the period. The pace of the initial loss provisions should slow over time, and with MercadoLibre's commitment to protecting its e-commerce stronghold with lower price minimums, it's just a matter of time before its rivals start to buckle.
MercadoLibre is currently trading at 42 times this year's earnings and less than 30 times next year's target earnings. These aren't cheap multiples, but the results are depressed given what should be temporary margin pressure. The risks are certainly there, but in MercadoLibre's 19 years of public trading, the company has typically rewarded taking a chance on its shares when there's a pullback. This dip feels like an opportunity for long-term investors.
Taiwan Semiconductor Manufacturing Company (TSM 3.52%) may be the forgotten giant behind names like Nvidia and Apple. This video explores why TSMC's manufacturing dominance, customer lock-in, and geopolitical importance could make it one of the most critical companies in the world, while also raising a risk investors can't afford to ignore.
Stock prices used were the market prices of June 18, 2026. The video was published on June 28, 2026.
Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Published July 1, 2026 9:48am EDT | Updated July 1, 2026 10:14am EDT
Trump's comments follow TSMC's announcement of $100 billion in US investment last year President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help the U.S. share of the chip market rise to 50% by the end of his term.
"We're creating more jobs, we have more people working today than have ever worked in the history of our country. It's great and that's before these places opened," Trump said before his departure from Joint Base Andrews.
The president said that new chip plants will be opening up over the next year and that chipmakers from Taiwan, such as the industry leader TSMC, are adding to their investments in the U.S.
"The biggest company in the world, actually, the chipmaker. But they're coming in, they're building in Arizona, and they just announced they're going to double the size. We could have 50% of the chip market by the time I leave office. You know what we have now? Nothing," Trump added.
US, TAIWAN COME TO $250B ‘AMERICA FIRST’ TARIFF DEAL OVER SEMICONDUCTORS
The Taiwan Semiconductor Manufacturing Company (TSMC) has committed about $165 billion to building out chipmaking capacity in the U.S. in recent years. (Rebecca Noble/Bloomberg via Getty Images)
FOX Business reached out to Taiwan Semiconductor Manufacturing Company (TSMC) for comment.
TSMC has previously announced large investments in building chipmaking facilities in the U.S., including an announcement of a series of investments that ultimately totaled $65 billion in 2024 as the U.S. CHIPS Act was signed into law that November. That investment covered three chip fabrication plants in Arizona.
Then in March 2025, TSMC announced another $100 billion investment to help build a self-sustaining supply chain for artificial intelligence (AI) chips in the U.S.
That $100 billion investment included three new fabrication plants in Phoenix that would focus on next-gen AI chips for computer processors and smartphones, plus two advanced packaging facilities in Arizona and a center for research and development on next-generation technologies.
TSMC said at the time that the project was the largest single foreign direct investment in U.S. history and would support 40,000 construction jobs over four years plus tens of thousands of high-paying jobs in chipmanufacturing and R&D.
This is a developing story. Please check back for updates.
WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced that it will release its financial results for the second quarter 2026 before the market opens on Thursday, July 23, 2026, and will hold a conference call on the same day at 8:30 a.m. ET. During the call, the company will discuss its financial performance, as well as future expectations.
The call will be webcast live on the “Investors” section of our website, www.thermofisher.com. You can access the conference call by dialing (833) 461-5787 within the U.S. or +1 (585) 542-9983 outside the U.S. The access code is 835035800.
The earnings press release and related information can also be found in that section of our website, under the heading “Financials”. A replay of the call will be available under “News, Events & Presentations” through Wednesday, October 21, 2026.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $45 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Gibco, Fisher Scientific, Unity Lab Services, Patheon and PPD. For more information, please visit www.thermofisher.com.
Editor’s note: This story has been updated to include additional context from Guggenheim’s analyst note.
ServiceNow stock is surging to new heights today. What’s behind NOW gains? What Is Driving ServiceNow’s AI-Powered Offerings?ServiceNow and Accenture rolled out two offerings: managed security services built on the ServiceNow AI Platform and an Accenture AI-powered automation solution designed to reduce the cost and complexity of modernizing enterprise risk and security operations.
The companies tied the push to a faster threat cycle—saying AI has compressed the time between vulnerability discovery and exploitation from months to hours—and pointed to U.S. data breach costs hitting $10.22 million per incident in 2025, up 9%.
Why Guggenheim Turned Bullish on ServiceNowCritical Price Levels To Watch For NOW StockThe premarket pop is happening inside a still-damaged longer-term chart: the stock is down 50.94% over the past 12 months and is trading 22.5% below its 200-day SMA ($133.66), which keeps the bigger trend cautious until price can reclaim that long average.
Near term, the setup is more constructive, with shares trading above the 50-day SMA ($99.90) and the 100-day SMA ($102.76), while sitting basically on top of the 20-day SMA ($103.78)—a spot that often decides whether a bounce turns into follow-through or fades back into chop.
RSI is the cleaner momentum read right now at 48.10, which is neutral and suggests the move isn’t "stretched" yet; in plain English, RSI helps gauge whether buying or selling has become overheated.
The mixed moving-average backdrop explains the two-way trade: the 20-day SMA is above the 50-day SMA (bullish), but the death cross from August 2025 (50-day below 200-day) still argues rallies may need repeated confirmation.
Key Resistance: $111.00 — a nearby round-number area where rebounds can stall Key Support: $85.50 — a prior demand zone that sits above the 52-week low area ($81.24) How ServiceNow Automates Business ProcessesServiceNow provides software solutions to structure and automate various business processes via a SaaS delivery model, with a core focus on IT workflows for enterprise customers. It started in IT service management and has expanded its workflow automation into customer service, HR service delivery, and security operations.
That backdrop matters for today’s news because security and risk modernization is a natural extension of the company’s "single platform" pitch—using the same workflow and automation logic to replace older, fragmented tools.
Pairing with Accenture also speaks to how these platforms get adopted in large enterprises, where implementation and managed services can be as important as the software itself.
ServiceNow Earnings Preview for July 2026Looking further out, the next major catalyst for the stock arrives with the July 22, 2026 (estimated) earnings report.
EPS Estimate: 76 cents (Down from 82 cents YoY) Revenue Estimate: $3.93 billion (Up from $3.21 billion YoY) Valuation: P/E of 59.1x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $138.21. Recent analyst moves include:
Guggenheim: Upgraded to Buy (Target $125.00) (July 1) BTIG: Buy (Maintains Target to $150.00) (June 29) Benchmark: Buy (Raises Target to $130.00) (June 15) What Would $1,000 Invested In NOW Be Worth?A $1,000 investment in ServiceNow on July 1, 2021, would have been worth $911 on June 30, 2026—a total return of -8.9% over the period. The stake swung between $627 and more than $2,000, ending well below its 2025 peak.
The ride included a deep drawdown, with the position hitting its period low on October 14, 2022, and a maximum drawdown of -64.5% along the way. Momentum later reversed, culminating in a period high on January 28, 2025, before the investment finished the five-year window at $911 on June 30, 2026.
On an annualized basis, ServiceNow returned -1.9% over the holding period, lagging the S&P 500’s 11.7% annualized return and the Nasdaq 100’s 15.8%. Among the listed peers, Meta Platforms, Inc. was the standout, posting a 106.2% annualized return over the same timeframe.
Today, SERVICENOW, INC. has a market capitalization of about $107.6 billion. The stock’s current P/E ratio is 59.1.
ServiceNow Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for ServiceNow, highlighting its strengths and weaknesses compared to the broader market:
The Verdict: ServiceNow’s Benzinga Edge signal reveals a growth-heavy profile with weak momentum and weak value, meaning the bull case leans on execution and continued demand rather than "cheap" pricing. For longer-term trend followers, the key technical tell is whether the stock can build above the $111.00 area and start working back toward its 200-day moving average.
NOW Stock Price Movement Wednesday MorningNOW Stock Price Activity: ServiceNow shares were up 3.45% at $102.71 on Wednesday, according to Benzinga Pro data.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
HomeIndustriesSoftwareTech StocksTech StocksA Guggenheim analyst says valuations for the two software stocks are too depressed, even though the AI threat is realJuly 1, 2026, 9:47 a.m. ET
Guggenheim analyst John DiFucci has been a firm believer that artificial intelligence is a “major threat” to software companies. But now he’s saying that it’s not a “death knell” for the sector, suggesting that some prominent software stocks may have been overly punished by investors.
DiFucci just turned bullish on two of this year’s biggest software losers — ServiceNow and Salesforce, whose shares are down 33% and 38%, respectively, so far in 2026. The upgrades aren’t exactly rousing endorsements of how those companies are positioned in the AI era but are rather expressive of DiFucci’s view that the shares now look more attractive after their dramatic selloffs.
, /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its second quarter 2026 earnings results conference call (listen-only mode) on Thursday, July 23, 2026, at 8:30 a.m. ET. Jim Taiclet, chairman, president and CEO; Evan Scott, chief financial officer; and Mark Kvasnak, vice president, Investor Relations, will discuss second quarter 2026 earnings results, provide updates on key topics and answer questions. Second quarter 2026 earnings results will be published prior to the market opening on July 23.
The live webcast will be available at www.lockheedmartin.com/investor and the accompanying presentation slides and relevant financial charts will also be available on the same website prior to market open.
An on-demand replay of the webcast will be available through Thursday, August 6, 2026, at www.lockheedmartin.com/investor, and a podcast will be available here.
For additional information, visit the company's website: www.lockheedmartin.com.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at LockheedMartin.com.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AVGO either through stock ownership, options, or other derivatives. 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.
July 01, 2026 08:00 ET | Source: Stryker Corporation
Portage, Michigan, July 01, 2026 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK) will host a webcast at 4:30 p.m. (Eastern time) on Thursday, July 30, 2026, to discuss its second quarter 2026 financial results. The live webcast can be accessed at Stryker - Events & Presentations. An archive of the webcast will also be available at Stryker’s website beginning approximately two hours after the live call ends.
An accompanying press release that includes summary financial information for the second quarter will be issued at approximately 4:05 p.m. (Eastern time) and available at Stryker - Press Releases on the day of the webcast.
About Stryker
Stryker is a global leader in medical technologies and, together with our customers, we are driven to make healthcare better. We offer innovative products and services in MedSurg, Neurotechnology and Orthopaedics that help improve patient and healthcare outcomes. Alongside our customers around the world, we impact more than 150 million patients annually. More information is available at www.stryker.com.
Contacts
For investor inquiries:
Nick Mead, Vice President, Investor Relations at 269-385-2600 or [email protected]
For media inquiries:
Kim Montagnino, Vice President, Chief Communications Officer at 269-385-2600 or [email protected]
A calm lake with a wooden dock in the foreground in Algonquin Provincial Park, Ontario, Canada. Two Adirondack chairs with neatly folded beach towels on the arms face the water. Long exposure shot.
getty
Sell in May? Ha! Try “buy in July.”
Truth is, summer is the best time to troll for dividend deals—especially July. We’re going to “back up the truck” on two tickers in a sec.
Why July?
Because it’s the strongest month of the year for stocks, according to a 2024 report from the Carson Group, a financial-advisory firm. Here’s the upshot: Over the 20 years leading up to July 2024, the S&P 500 rose 2.3% on average.
And that’s just the average. Many years saw bigger gains than that.
This is our short-term play.
On the horizon, we’ve got the midterms. We’re not going to linger on that dreaded event. Suffice it to say, the vote is not what we’re interested in—it’s what traditionally comes in the year after it: stock-market gains.
A May study by RBC Wealth Management sets the table here. Going back to 1932, it found that the year following the midterms was the strongest in the four-year presidential cycle, with S&P 500 rising 14% on average.
MORE FOR YOU
The bottom line for us is that we’ve got a nice setup for gains this summer, plus another price pop setting up for 2027.
And despite what the headlines say, inflation (and interest rates) will come down. We’re already seeing it in oil prices, and the International Energy Agency (IEA) actually forecasts an oil glut next year.
Oversupply of the goo is fuel (sorry, couldn’t resist!) for growth. It’s an inflation-killer, too.
But we don’t want to be naïve. There’s certainly concern out there. But at times like these, it pays to remember the old stock-market adage: Stocks climb a wall of worry.
They’re certainly doing that now! And my indicators suggest they’ll keep it up. That makes now a good time to buy. Here are two dividend-growth plays to put on your list.
ITW: Hated By Wall Street, Loved By Dividend InvestorsIllinois Tool Works (ITW) is one of those stocks analysts hate. That’s because it’s basically an umbrella name covering a range of businesses that aren’t really connected.
Kitchen ovens and fryers? ITW makes ’em under its Hobart and Vulcan brands. Gear for testing electronics? It makes that, too. Fasteners and components for cars? Check.
It’s enough to drive Wall Street—which loves a “clean” single-product story—batty! According to the WSJ, and only two analysts covering the stock rate it a buy right now, with 11 at hold, two “underweight” and five sells. Perfect. We love disliked stocks like these because as they beat low expectations, more analysts come onboard, creating a feedback loop that boosts its price.
And there’s every reason for that to happen.
For one, the company follows what it calls the 80/20 model, where it zeroes in on its biggest/most profitable clients or products—the top 20% or so—which the company sees as providing the bulk (or 80%) of the company’s sales. That tight focus keeps margins high: in Q1, operating margins rose 60 basis points, to 25.4%.
Revenue also jumped a tidy 5% and EPS gained 12%. And management raised full-year guidance by $0.10, to between $11.10 to $11.50. The stock trades at a reasonable 24-times the midpoint of that range.
Which brings me to another reason why ITW is overlooked: the dividend. As I write this, shares yield 2.4%, which sounds okay—until you look at the company’s payout history:
ITW Total Returns
Ycharts
As you can see, over the last decade, ITW has nearly tripled its dividend. You can also see what I call the “Dividend Magnet” in action: The share price has climbed in lockstep. That gap on the right side represents further upside.
That means, of course, that an investor who bought back then is not yielding 2.4% today. They’re pocketing 6.2% (and climbing) on their buy instead. And that’s before we account for the 17% of the company’s float that management has bought back in that time, throwing an additional lift under the stock.
ITW, in other words, is the picture of shareholder friendliness, which makes it worth our attention now.
Deere: Buy for the Construction Boom, Stay for the Farm RevivalDeere & Co. (DE) is sitting in a “sweet spot” for us to buy now.
For starters, the company, a holding my Hidden Yields service, boasts a booming construction-equipment segment, with management forecasting a 20% sales gain, plus 10% to 12% operating-margin expansion for this business, in 2026.
That’s the good news.
The drag? The segment of its agricultural business focusing on large farms, where sales slumped 14% in Q1, and management sees slipping 5% to 10% this year, according to the company’s latest earnings presentation.
But there are green shoots in these numbers, namely that corn and wheat prices have been firming up in the last few weeks, according to the two Teucrium ETFs tracking them, and management itself has said it sees now as the bottom of the ag cycle:
Crop Prices
Ycharts
That’s a nice window for us: We never chase a boom. We buy the bottom instead. And as with ITW, we’re looking at a stock that Wall Street doesn’t understand.
Beyond that, high fuel and fertilizer costs, as well as high borrowing costs, have been squeezing farmers, but fuel costs look set to trend lower (see the oil glut mentioned above), and a decline in overall inflation should slow the rise of other costs, as well.
Meantime, as with ITW, Deere’s share price has been following the furrow plowed by its dividend—a trend I expect to continue as the ag cycle turns and global infrastructure spending (including, yes, on data centers) keeps Deere’s construction-equipment business booming:
DE Total Returns
Ycharts
A final upside driver for the payout? Deere’s low payout ratio, with the divvie accounting for just 47% of the last 12 months of free cash flow. That’s very manageable and lends itself to strong payout growth, especially in this “sweet spot” in the ag-growth cycle.
Brett Owens is Chief Investment Strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: Your Early Retirement Portfolio: Huge Dividends—Every Month—Forever.
, /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that its board of directors appointed Alfred F. Kelly, Jr. as a director of the company.
Kelly served as chief executive officer of Visa Inc. from 2016 to 2023, where he led one of the world's largest payment technology companies. He was elected chairman of Visa's board of directors in 2019 and became executive chairman in 2023, serving in that role until 2024.
Alfred F. Kelly, Jr. Prior to Visa, Kelly held senior leadership roles at American Express Company, including president of the company. He also served as president and chief executive officer of the New York–New Jersey Super Bowl Host Committee.
"Al brings broad leadership experience and a strong understanding of technology, risk and global markets," said Dan Letter, chief executive officer of Prologis. "His perspective will be a valuable addition to our board as we continue to strengthen the business for the future."
Since 2024, Kelly has served as an Advisory Director at Berkshire Partners. He is also a member of the board of directors of General Motors Company, where he serves on the Audit Committee and the Risk and Cybersecurity Committee.
Kelly holds a Bachelor of Arts in Computer Science from Iona University and a Master of Business Administration from Iona University.
About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one — not just shaping the future of logistics but building what comes next. Learn more at www.Prologis.com.
, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, today reaffirmed its support of the National Medal of Honor Museum Foundation (NMOHM) and their shared mission to preserve and share the stories of the extraordinary individuals whose courage, sacrifice and service have helped shape the United States throughout its history. As America prepares to commemorate its 250th anniversary, this mission carries profound significance for every American by ensuring that the values embodied by the Medal of Honor Recipients continue to inspire future generations and strengthen our shared understanding of the ideals upon which our nation was founded. The stories of the Medal of Honor Recipients remind us of the values that unite Americans and challenge each of us to lead lives of character, integrity and purpose.
In honor of America's enduring legacy of patriotism, courage and service, Alexandria highlights the impact of its mission-critical partnership and support of the National Medal of Honor Museum Foundation. From citizen-soldiers who fought for America's independence nearly 250 years ago to modern-day service members who have answered the call to defend freedom, generations of Americans have demonstrated an unwavering commitment to ideals larger than themselves. Among the most enduring examples are those brave individuals who have received the Medal of Honor, the nation's highest military decoration. Awarded by the President, in the name of Congress, the Medal of Honor commemorates those who have shaped our nation's history and continue to inspire its future with their acts of valor, humanity, patriotism and sacrifice. Over 40 million Americans have served in the U.S. Armed Forces since the Civil War. Fewer than 4,000 have been awarded the Medal of Honor.
"Alexandria's commitment to the Medal of Honor Museum has been essential in bringing this national tribute to life. Their dedication to honoring the courage, sacrifice and service of Medal of Honor Recipients ensures that these stories continue to inspire Americans for generations," said Christopher J. Cassidy, first and former president and chief executive officer of the National Medal of Honor Museum Foundation, retired U.S. Navy SEAL and former NASA astronaut.
Alexandria has proudly supported the National Medal of Honor Museum Foundation for years, guided by the company's strategic corporate responsibility initiatives and deep commitment to advancing organizations that strengthen communities, inspire leadership and create lasting societal impact. Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc., has served on the board of directors of the NMOHM since 2020. Alexandria's support was instrumental in advancing the Foundation's vision to create a permanent national tribute to Medal of Honor Recipients and the values they represent through the development and delivery of the National Medal of Honor Museum.
The National Medal of Honor Museum ("Museum") is the first-and-only museum dedicated to Medal of Honor Recipients, and was recently awarded "Best New Museum" by USA Today Reader's Choice 2026. The Museum, which opened in Arlington, Texas, in March 2025, stands as the nation's premier institution dedicated to preserving and celebrating the legacy of the Medal of Honor and its Recipients. The Museum is 100,000 square feet, including 31,000 square feet reserved for exhibition galleries that share the history of the Medal of Honor and the stories of the American heroes who earned it. Through immersive exhibits, educational programming and leadership initiatives, the Museum honors the one-of-a-kind Americans who have received the nation's highest military decoration for valor in combat.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, partnerships and support of charitable and community organizations; Alexandria's ongoing support of the National Medal of Honor Museum Foundation; the anticipated impact or benefits of Alexandria's support and partnership; and the National Medal of Honor Museum Foundation's and the National Medal of Honor Museum's mission, programs, initiatives and expected impact. These forward-looking statements are based on Alexandria's present intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
CONTACT: Sara Cohen, Assistant Vice President – Corporate Strategy Events, (646) 799-2617, [email protected]
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Considering buying PANW stock? Here’s what analysts think:
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Supporting his view, Cantor Fitzgerald analyst C.J. Muse maintained Micron with an Overweight rating on June 29 and raised the price target from $1,500 to $2,000.
Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, picked Palo Alto Networks, Inc. (NASDAQ:PANW).
Lending support to his choice, BTIG analyst Gray Powell maintained Palo Alto at Buy on June 30 and raised the price target from $333 to $380.
Don’t forget to check out our premarket coverage here
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Apple Inc. (NASDAQ:AAPL) is expected to have a good second half.
Last week, Apple raised prices on several of its hardware products, citing an extraordinary surge in demand for memory and storage driven by the rapid expansion of AI data centers.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Amgen Inc. (NASDAQ:AMGN).
On June 16, Mizuho analyst Salim Syed maintained Amgen at Neutral and raised the price target from $295 to $303.
Price Action Micron gained 0.8% to close at $1,154.29 on Tuesday. Palo Alto shares rose 2.7% to settle at $341.02 during the session. Apple shares gained 2.7% to close at $289.36 on Tuesday. Amgen shares rose 0.4% to settle at $362.12 during the session. Photo via Shutterstock
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NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX) investors of the August 7, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Roblox Corporation Class Action Lawsuit:
Do you, or did you, own shares of Roblox Corporation (NYSE: RBLX)?Did you sell your shares between October 30, 2025 and April 30, 2026, inclusive?Did you lose money in your investment in Roblox Corporation? Investors are encouraged to act promptly and submit a form at Roblox Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by August 7, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the common stock of Roblox between October 30, 2025 and April 30, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Roblox common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, July 1, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
, /PRNewswire/ -- Private sector employment increased by 98,000 jobs in June and pay was up 4.4 percent year-over-year according to the June ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").
ADP Research The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data to provide a representative and high-frequency picture of the private-sector labor market.
"The pace of hiring is telling a story of both supply and demand. We know it's taking people longer to find work, but there also are signs of labor supply constraints in certain industries," said Dr. Nela Richardson, chief economist, ADP. "For now, the overall effect is a slowdown in job creation."
June 2026 Report Highlights
View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.
JOBS REPORT
Private employers added 98,000 jobs in June
Job creation was uneven in June. Financial activities and information were among the gainers, while leisure and hospitality delivered a sixth month of weak hiring.
Change in U.S. Private Employment: 98,000
Change by Industry
-Goods-producing: 2,000
Natural resources/mining -5,000 Construction 2,000 Manufacturing 5,000 -Service-providing: 96,000
Trade/transportation/utilities 15,000 Information 7,000 Financial activities 14,000 Professional/business services 2,000 Education/health services 48,000 Leisure/hospitality 2,000 Other services 8,000 Change by U.S. Regions
-Northeast: 33,000
New England 14,000 Mid-Atlantic 19,000 -Midwest: 21,000
East North Central 7,000 West North Central 14,000 -South: 37,000
South Atlantic 6,000 East South Central 8,000 West South Central 23,000 -West: 17,000
Mountain 11,000 Pacific 6,000 Change by Establishment Size
Job-stayer pay gains held steady in June
The median pay gain for job-stayers was little changed at 4.4 percent, while year-over-year pay growth for job-changers accelerated to 6.6 percent.
Median Change in Annual Pay
-Job-stayers 4.4%
-Job-changers 6.6%
Median Change in Annual Pay for Job-Stayers by Industry
-Goods-producing:
Natural resources/mining 4.3% Construction 4.6% Manufacturing 4.9% -Service-providing:
Trade/transportation/utilities 4.4% Information 4.0% Financial activities 5.1% Professional/business services 4.1% Education/health services 4.1% Leisure/hospitality 4.5% Other services 4.1% Median Change in Annual Pay for Job-Stayers by Firm Size
500+ employees 4.8% To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:
The May total number of jobs added was unchanged from 122,000.
For additional information about the ADP National Employment Report, including historical files, employment and pay data, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.
The July 2026 ADP National Employment Report will be released on August 5, 2026 at 8:15 a.m. ET.
About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.
To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.
About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.
(Kitco News) - The gold market is trading higher on Wednesday morning after the latest employment data showed the U.S. labor market adding fewer jobs than expected, according to private sector payrolls processor ADP.
On Wednesday, ADP announced that 98,000 jobs were created in September. The report was worse than expectations, as consensus forecasts called for job gains of 105,000. May’s figure was unrevised from the initial reading of 122,000 net jobs.
"The pace of hiring is telling a story of both supply and demand,” said Dr. Nela Richardson, chief economist at ADP. “We know it's taking people longer to find work, but there also are signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation.”
The gold market continued to trade near session highs after the latest employment data. Spot gold last traded at $4,026.83 per ounce, up 0.48% on the day.
The report noted that job creation was uneven in June. “Financial activities and information were among the gainers, while leisure and hospitality delivered a sixth month of weak hiring,” the report said.
Petros Pantzari, Chief Dealer at Monaxa, told Kitco News the ADP print is soft-dollar, gold-supportive.
"A cooler jobs print tells traders the U.S. labour market is losing momentum, which can pull Treasury yields lower and strengthen expectations that the Fed may need to lean more dovish," he said. "That usually pressures the U.S. dollar, while gold gets a bid because lower yields reduce the cost of holding non-yielding assets. The key caveat: if markets read this as growth fear rather than just Fed-relief, the dollar may find some safe-haven support — but the clean immediate reaction is dollar down, gold up."
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Nela Richardson, chief economist, joins 'Squawk Box' to break down June's private payrolls data, the challenges college graduates face entering the job market, and more.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today that it had declared a monthly cash dividend of $0.19 per common share per month for the third quarter of 2026. Distribution dates are outlined in the table below. Record Date Payment Date Amount July 23, 2026 July 31, 2026 $0.19 per common share August 21, 2026 August 31, 2026 $0.19 per common share September 22, 2026 September 30, 2026 $0.19 per common share About LTC Propertie.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. 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.
Public Storage demonstrates sector-leading scale, strong margins, and a fortress A-rated balance sheet in the self-storage REIT space. Recent results show stabilizing fundamentals: improved occupancy, lower churn, and better-than-expected move-in rents, supporting same-store NOI amidst normalization. The pending National Storage Affiliates acquisition is set to deepen Sunbelt exposure, deliver $120M in cost synergies, and drive 2–3% FFO/share accretion by year 3.
CrowdStrike Holdings (CRWD - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this cloud-based security company have returned -0.8%, compared to the Zacks S&P 500 composite's -1.8% change. During this period, the Zacks Security industry, which CrowdStrike falls in, has gained 12.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, CrowdStrike is expected to post earnings of $1.17 per share, indicating a change of +25.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -11.8% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $4.93 points to a change of +32.2% from the prior year. Over the last 30 days, this estimate has changed -8.7%.
For the next fiscal year, the consensus earnings estimate of $6.26 indicates a change of +26.9% from what CrowdStrike is expected to report a year ago. Over the past month, the estimate has changed +1.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. 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 #4 (Sell) for CrowdStrike.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For CrowdStrike, the consensus sales estimate for the current quarter of $1.44 billion indicates a year-over-year change of +23.2%. For the current and next fiscal years, $5.94 billion and $7.23 billion estimates indicate +23.5% and +21.6% changes, respectively.
Last Reported Results and Surprise HistoryCrowdStrike reported revenues of $1.39 billion in the last reported quarter, representing a year-over-year change of +25.6%. EPS of $1.1 for the same period compares with $0.73 a year ago.
Compared to the Zacks Consensus Estimate of $1.36 billion, the reported revenues represent a surprise of +1.7%. The EPS surprise was +2.8%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
CrowdStrike is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about CrowdStrike. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Combined, NIO, Li, and XPeng delivered 111,618 cars in June. (Lintao Zhang/Getty Images)
Chinese electric-vehicle makers NIO, Li Auto, and XPeng posted strong sales in June, while growth at leader BYD has stalled. Overall, Chinese EV sales look stable, which is good for the industry, including Tesla, after a rocky start to the year.
As the global transition toward cleaner power sources accelerates, investors are weighing established solar technology against emerging hydrogen growth. Choosing between Enphase Energy (ENPH 0.22%) and Plug Power (PLUG +0.74%) depends on your risk appetite.
Enphase is a leader in microinverter technology, converting sunlight into usable electricity for homes and businesses. Plug Power is building a comprehensive hydrogen ecosystem, from production and storage to fuel cells that power industrial equipment. While both contribute to a greener future, their paths to profitability and cash flow generation are starkly different.
The case for Enphase EnergyEnphase Energy specializes in microinverter-based solar-plus-storage systems, which are critical components for converting solar energy into a form homes can use. The company primarily sells its products to solar distributors and large installers within the market for solar energy stocks. One major customer accounted for 39% of total net revenue in 2025, and such customer concentration adds a layer of risk to the business.
In FY 2025, revenue reached $1.48 billion, representing approximately 11% growth over the previous year. The company reported net income of nearly $172.1 million, resulting in a net margin of roughly 11.7%. This indicates that the company is effectively keeping a portion of every dollar earned as profit after all expenses are paid.
As of its December 2025 balance sheet, the debt-to-equity ratio is roughly 1.1x. This means total debt is roughly 1.1 times shareholder equity. Free cash flow for the year was $95.9 million. Note that stock-based compensation represented 157% of operating cash flow, meaning reported cash generation is heavily inflated by this non-cash add-back.
The case for Plug PowerPlug Power develops comprehensive hydrogen solutions, including electrolyzers and fuel cells for material handling and industrial applications. The company serves large logistics operations, with Walmart Inc (WMT 4.50%) accounting for roughly 24% of consolidated revenue in 2025. Plug Power has recently shifted its strategy to require customers to secure their own third-party financing for equipment purchases to preserve its own liquidity.
In FY 2025, revenue reached approximately $709.9 million, which is an increase of nearly 12.9% over the prior year. Despite this growth, the company reported a net loss of roughly $1.6 billion, showing that the costs of operating the business and scaling hydrogen production still significantly exceed its revenue.
As of the December 2025 balance sheet, the debt-to-equity ratio is roughly 1.0x. This means total debt equals the value of shareholders’ equity. Free cash flow was negative $647 million. This figure is the cash left over after capital expenditures, and the negative value shows the company is currently consuming cash to fund its expansion.
Risk profile comparisonEnphase Energy faces significant regulatory uncertainty regarding tax credit eligibility and strict domestic content requirements. The company is also defending against multiple securities fraud class actions filed in 2026 related to inventory management and disclosure practices. Intense competition from manufacturers like Tesla Inc (TSLA +1.44%) and SolarEdge Technologies (SEDG 2.28%) creates persistent downward pressure on prices, while a heavy reliance on a few contract manufacturers leaves the supply chain vulnerable to disruptions.
Plug Power faces high liquidity risks as it continues to report substantial net losses and negative operating cash flows. The company remains dependent on securing additional capital, and the outcome of ongoing negotiations for a Department of Energy loan facility is uncertain. Additionally, Plug Power faces securities litigation and operational risks related to its dependence on third-party liquid hydrogen suppliers. These challenges are compounded by commodity price volatility, which can threaten the goal of improving net margin performance.
Valuation comparisonEnphase Energy appears to be the more established choice with positive net income, while Plug Power remains a high-growth, high-risk play based on its P/S ratio.
MetricEnphase EnergyPlug PowerSector BenchmarkForward P/E23.5xn/a29.4xP/S ratio4.7x4.6xn/aSector benchmark uses the SPDR XLE sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Plug Power saw revenue rise 22% in the first quarter of fiscal 2026, as its material handling and electrolyzer business, which creates hydrogen from water, saw particular strength (hydrogen sales, its third business line, grew about 10%).
Management expects that the Iran war and subsequent scarcity of certain types of fuel will increase the demand for its clean energy facilities in the long term. Also, the E.U. has a mandate that each member nation has to generate a certain percentage of its hydrogen from clean energy sources, which is a plus for Plug Power in the near term; however, the bureaucracy in the E.U., U.S., and Australia is a drag on getting current projects approved and running. That makes funding a continual concern for investors. Management clearly addresses its funding ability on investor calls, but in a capital-intensive business with a slow sales cadence, it’s something to keep an eye on. Still, sales should rise this year to about $813 million, while the net loss and negative free cash flow narrow — both positive trends.
Enphase, meanwhile, offers a product in the heart of the booming solar energy sector. Microinverters convert the raw DC power from solar panels into AC power that can be used by a home or fed to other products, such as storage batteries and EV chargers. The company recently introduced EV chargers in Europe and is rolling out its latest-generation inverters based on gallium nitride (GaN) chips, which are much better at handling high heat than silicon and therefore are more efficient at moving electricity along the solar chain.
The negative for Enphase and other U.S. players in the solar space is that the federal government eliminated tax credits that were a big part of their growth. Solar isn’t going away — it is the lowest-cost source of electricity on a large scale — but the business will need to adjust to the loss of incentives. That means revenue will drop sharply this year, by about 18% to $1.2 billion. The company is still projected to turn a profit of $47 million despite that. That’s a plus as the company rolls out new products to fuel demand and solar customers adjust to higher prices.
Both Plug Power and Enphase Energy are veterans of the volatile renewable energy space, demonstrating resilience in their business models and how they are run. Plug is at a disadvantage because hydrogen can be produced from less expensive fossil fuels, and it has a long runway to profitability. Enphase looks like a business that can be had at a relative discount, having dropped about 85% from its pre-Trump administration peak amid fears of U.S. government attacks on renewable energy.
Solar isn’t going away, and Ephase is likely to remain a key player for years to come.
