Market Signal Briefing

Active Currencies 19426

Market Cap $3,336,388,799,986.60

Bitcoin Share 57.32%

24h Market Cap Change $-1.15

AMBCrypto

Solana price slips – Yet $60M ETF inflows hint at SOL rebound

Journalist

Posted: November 15, 2025

Key takeaways
Is institutional demand for Solana still holding up?
SOL ETFs logged multiple inflow peaks above $60 million, keeping total assets near $541 million.

Are derivatives traders ready for a rebound?
OI stayed firm near $2.95 billion, and Funding Rates flipped positive.

Solana [SOL] is back at levels not seen since June, but the market mood isn’t as bleak as the charts show.

Institutional inflows are steady, and derivatives data is starting to show a slight change. Are traders preparing for what comes next?

ETF demand stays firm

Samyukhtha L KM is a Financial Journalist and Market Analyst at AMBCrypto whose work is defined by one central question: Is the latest trend in blockchain hype, or history in the making?
Her expertise is built on a strong academic foundation, with a Master’s in Journalism and Mass Communication from Amity University and a Bachelor’s in Commerce from the University of Madras. This dual qualification equips her with a unique skill set: the financial acumen to dissect market mechanics and the journalistic rigor to investigate and communicate complex subjects with clarity.
Samyukhtha specializes in analyzing the socio-economic impact of blockchain adoption and assessing the viability of new market narratives. This includes a focus on high-velocity, community-driven assets such as memecoins, where she evaluates sentiment and fundamentals. She is dedicated to providing readers with insightful, well-researched commentary that looks beyond immediate market moves to understand the long-term implications of decentralized technology.

Cyrela Brazil Realty S.A. Empreendimentos e Participações (OTCPK:CYRBY) Q3 2025 Earnings Call November 14, 2025 9:00 AM EST

Company Participants

Miguel Mickelberg - CFO, Investor Relations Officer & Member of the Board of Executive Officers
Iuri Zanutto J. Campos

Conference Call Participants

Gustavo Cambauva - Banco BTG Pactual S.A., Research Division
Pedro Lobato Garcia Fernandes - Banco Bradesco BBI S.A., Research Division
Fanny Oreng Avino - Santander Investment Securities Inc., Research Division
Tainan Costa - UBS Investment Bank, Research Division
André Mazini - Citigroup Inc., Research Division
Carla Graca - BofA Securities, Research Division
Rafael Rehder - J. Safra Corretora de Valores e Cambio Ltda, Research Division
Elvis Credendio - Itaú Corretora de Valores S.A., Research Division
Ygor Altero - XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Wilfredo Jorel Guilloty - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to Cyrela Brazil Realty S.A.'s Third Quarter of 2025 Earnings Call. Today with us are: Mr. Miguel Mickelberg, CFO and IRO; and Iuri Campos, Head of Investor Relations. This call is being recorded and simultaneously translated. [Operator Instructions] Also, you can find the slide deck in English on the company's Investor Relations website at www.ri.cyrela.com.br. [Operator Instructions]

We would like to inform you that any statements that may be made during the call related to Cyrela's business perspectives, operating and financial targets are projections made by the company's management that may or may not occur. Investors should understand that political, macroeconomic, and other operating factors may affect the future of the company and lead to results that differ materially from those expressed in such forward-looking statements.

To open Cyrela's Q3 '25 Earnings Call, I'd like to turn it over to Mr. Miguel Mickelberg, Mr. Mickelberg, you may proceed.

Miguel Mickelberg
CFO, Investor Relations Officer & Member of the Board

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Investors rarely get an opportunity to buy this high-flying stock at reasonable valuations -- so on a dip like this, take a look!

Investors have a rare opportunity to scoop up shares of Ferrari (RACE 0.11%) at a discount after the stock shed roughly 17% of its value over the past month. The driving force behind the spiral lower wasn't current issues -- the company just posted a strong third quarter and raised 2025 guidance–– but rather the fact that the company set lower-than-expected growth through 2030. It's a classic overreaction by the market, and while the decline only brings Ferrari's price-to-earnings ratio down to a lofty 38 times, it's still a rare buying opportunity. Let's briefly cover Ferrari's strong third quarter and why it's still a strong buy.

Brief recap
Ferrari only needed 3,401 total shipments during the third quarter to generate strong results. Net revenue jumped 7.4% to 1.77 billion euros during the third quarter, compared to the prior year, driving a 7.6% gain in operating profit (EBIT) of €503 million; margins remained a strong 28.4%. Investors would be wise not to take those margins for granted, as they are incredibly rare in the automotive industry. Ferrari's pricing power is elite.

RACE Operating Margin (TTM) data by YCharts

"We continue to advance with conviction and strong visibility on our development path. At our Capital Markets Day, we have defined a clear trajectory in the long-term interests of our brand, setting the floor for sustainable growth toward 2030," said Benedetto Vigna, the CEO of Ferrari, in a press release.

Part of Ferrari's success during the third quarter was driven by its lucrative product mix that reflected strong deliveries of the SF90 XX and the 12Cilindri families, as well as an uptick in expensive options on personalization, which helped offset U.S. import tariffs that added to the cost of Ferrari's imports to its most valuable U.S. market.

Today's Change

(

-0.11

%) $

-0.46

Current Price

$

417.35

But wait, there's more
Aside from the core numbers and metrics, there were a few things of interest to investors. First, Ferrari isn't known for returning value to shareholders through its modest dividend, but it might not get enough credit for buying back shares.

Ferrari is currently in the process of completing its multiyear share buyback program of roughly €2 billion announced in 2022. While investors and companies may sell for a number of reasons, this is a strong signal that Ferrari has confidence in its business and sees long-term upside in its shares.

Second, Ferrari may be doing investors a favor by pumping the brakes on its full-electric future. Ferrari has dialed back its electric vehicle (EV) ambitions and said full EVs will make up about 20% of its lineup by 2030, half of its original goal set in 2022. It comes at a time its Porsche rival posted its first quarterly loss since going public, acknowledged EV setbacks, and took a hit from tariffs and a weakening Chinese market.

Image source: Ferrari.

Third, in a time of economic uncertainty, Ferrari offers investors revenue transparency with the company's order book sold out through 2027. That sets the stage nicely for Ferrari to introduce its first fully electric model, the Elettrica, next year -- a model that could define Ferrari's capability to break into the EV market.

Ferrari remains a strong buy
It's a significant challenge to find a better luxury stock than Ferrari. The company possesses a strong economic moat from its impeccable brand image, which is built from racing success, technology, and heritage, incredible pricing power and tight exclusivity on volume. Ferrari offers investors near-term revenue transparency with a sold-out order book and industry-thumping operating margins. For Ferrari, business is good, and it will very likely continue to be great in spite of some skittish investors selling due to slightly lower-than-expected long-term guidance.

Daniel Miller has positions in Ford Motor Company and General Motors. The Motley Fool recommends Ferrari, General Motors, Porsche Automobil Se, and Volkswagen Ag. The Motley Fool has a disclosure policy.

If you are looking to generate a large income stream, these two ETFs pair up nicely to give you yield and the opportunity for dividend growth.

The S&P 500 (^GSPC 0.05%) index is currently offering a skinny little 1.2% dividend yield. Meanwhile, Schwab U.S. Dividend Equity ETF (SCHD +0.07%) has a yield of 3.8%, and SPDR Portfolio S&P 500 High Dividend ETF (SPYD 0.26%) has a yield of 4.4%. These two dividend-focused exchange-traded funds (ETFs) do very different things, which actually makes them an interesting pair to buy together. Here's what you need to know.

What does Schwab U.S. Dividend Equity ETF do?
Schwab U.S. Dividend Equity ETF's portfolio contains 100 stocks that pass through a fairly strict screening process. The first step is to eliminate real estate investment trusts (REITs) -- more on this in a second. The second step is to focus only on companies that have increased their dividends for at least a decade. The third step is to create a composite score for each company that's still under consideration. That score includes looking at cash flow to total debt, return on equity, dividend yield, and a company's five-year dividend growth rate. The 100 top-rated companies are included in the ETF using a market-cap-weighted system, so the largest companies have the greatest impact on performance.

Today's Change

(

0.07

%) $

0.02

Current Price

$

27.24

Without getting too deep into the woods, Schwab U.S. Dividend Equity ETF is basically trying to find good businesses that are growing and provide large yields backed by growing dividends. It's basically what most dividend investors would do if they were picking stocks, and the expense ratio is a tiny 0.06%. Over time, the approach has resulted in a generally rising dividend and a generally rising share price.

Image source: Getty Images.

What does SPDR Portfolio S&P 500 High Dividend ETF do?
By comparison, SPDR Portfolio S&P 500 High Dividend ETF is super simple. It buys shares of the 80 highest-yielding stocks in the S&P 500 index. It uses an equal-weight methodology, meaning every company has the same impact on performance. This is actually a safety tool, since no single stock will cause more harm to the ETF's performance than any other. The expense ratio is 0.07%. There are some important facts to think about here.

First, the fishing pool is the S&P 500 index. That's a list of the largest and most economically important U.S. companies selected by a committee. By using this index, SPDR Portfolio S&P 500 High Dividend ETF is limiting itself to fairly well-regarded businesses, generally speaking. Second, by selecting the highest dividend-yielding stocks from the index, the ETF is going to inherently end up focused on a few types of businesses. The utility, real estate, and finance sectors will almost always be prominent. But also included in the mix will be out-of-favor stocks, which provide some turnaround appeal to the portfolio. That's not good or bad, per se, but it is something to keep in mind.

NYSEMKT: SPYDSPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF

Today's Change

(

-0.26

%) $

-0.11

Current Price

$

42.97

Buy these two ETFs as a pair
You could buy either of these ETFs alone and hold them for the rest of your life, and you'd probably be just fine. But if you put them together, they cover more dividend ground. REITs are an excellent example because Schwab U.S. Dividend Equity ETF specifically avoids them, but SPDR Portfolio S&P 500 High Dividend ETF doesn't. That same thing is generally true with utilities and financials, as well. The key is that SPDR Portfolio S&P 500 High Dividend ETF emphasizes high yields, while Schwab U.S. Dividend Equity ETF focuses on growing businesses with attractive yields.

You have to accept a slightly lower yield with Schwab U.S. Dividend Equity ETF, but the dividend growth it offers should help you keep up with the ravages of inflation. Meanwhile, the higher yield from SPDR Portfolio S&P 500 High Dividend ETF will help provide you with the income you desire right now. And since they don't inherently overlap in their approaches, you aren't unknowingly doubling down on any one approach.

If you split yourself 50/50 between the two, you'll come pretty close to generating the 4% yield that many dividend investors target. If you have $2,000, that means $1,000 in Schwab U.S. Dividend Equity ETF, which will get you around 37 shares at current prices, and $1,000 in SPDR Portfolio S&P 500 High Dividend ETF, which will net you around 23 shares. The best part is that this simple two-ETF dividend portfolio won't cost you a lot of money, and it will save you a huge amount of time and energy. That way, you can spend your retirement enjoying life instead of fretting about the stock market.

Wall Street says Meta Platforms stock could soar 40% in the next year.

Currently, 10 companies traded on U.S. stock exchanges have market values that exceed $1 trillion. They are listed below in descending order based on the upside (or downside) implied by Wall Street's median target price.

Meta Platforms (META 0.09%) has a median target price of $850 per share, implying 40% upside from the current share price of $608.
Microsoft has a median target price of $630 per share, implying 26% upside from the current share price of $503.
Amazon has a median target of $300 per share, implying 26% upside from the current share price of $238.
Taiwan Semiconductor has a median target of $355 per share, implying 26% upside from its current share price of $282.
Nvidia has a median target of $229 per share, implying 23% upside from its current share price of $187.
Alphabet has a median target of $330 per share, implying 18% upside from the current share price of $279.
Broadcom has a median target of $400 per share, implying 18% upside from the current share price of $340.
Tesla has a median target of $459 per share, implying 14% downside from the current share price of $402.
Apple has a median target of $300 per share, implying 10% upside from the current share price of $273.
Berkshire Hathaway has a median target of $481 per share, implying 6% downside from the current share price of $513.

The forecasts above suggest Meta Platforms is the best trillion-dollar stock to buy now. Read on to learn more.

Image source: Getty Images.

Meta is leaning on artificial intelligence to improve its advertising business
Meta Platforms is the second-largest ad tech company in the world. It has a key competitive advantage in owning three of the four most popular social media platforms as measured by monthly active users. More than 3.5 billion people engage daily with Facebook, Instagram, or WhatsApp, which makes Meta Platforms a key advertising partner for countless brands.

Meta is further strengthening its value proposition with artificial intelligence (AI) tools. The company has developed machine learning models that retrieve and rank ads based on user preferences. Meta has also introduced generative AI tools that help marketers create and personalize ads based on their intended audience. Those product development efforts are paying off.

On the latest earnings call, CEO Mark Zuckerberg said, "Our AI recommendation systems are delivering higher quality and more relevant content." Time spent on Facebook increased 5%, time spent on Threads increased 10%, and video engagement on Instagram increased 30%. Also, conversion rates are trending higher, meaning users are clicking ads more frequently. In turn, the average price per ad increased 10%, meaning brands are willing to pay more to reach users.

Beyond innovations in AI, Meta recently introduced ads in Threads and WhatsApp. "We have exciting ad supply opportunities on both Threads and WhatsApp," said CFO Susan Li. "Within WhatsApp Status, we're continuing to gradually introduce ads and expect to complete the rollout next year."

Grand View Research estimates ad tech spending will increase at 14% annually through 2030. That means Meta should have no trouble achieving double-digit earnings growth for the foreseeable future. But the company also has an opportunity in smart glasses.

Meta's nascent smart glasses businesses could become a material source of revenue
Meta makes smart glasses that combine its conversational assistant Meta AI with Ray-Ban or Oakley frames. Beyond AI capabilities, the glasses feature speakers and a built-in camera that lets users capture images and video. Smart glasses are a mere $2 billion market, but that figure will quadruple by 2030, and Meta dominates the space with 73% market share.

Importantly, the company recently introduced its first pair of augmented reality (AR) smart glasses, called Ray-Ban Meta Display. They feature an in-lens display that overlays the real world with a full-color hologram. While the AR glasses currently come with Meta AI, the company hopes to incorporate a superintelligence system in the future.

Smart glasses may seem like a clunky accessory, but CEO Mark Zuckerberg says they will eventually replace smartphones to some degree, in much the same way smartphones have replaced computers. "Personal devices likes glasses that understand our context because they can see what we see, hear what we hear, and interact with us throughout the day will become our primary computing devices."

If Zuckerberg is correct, the AR smart glasses market could eventually be worth hundreds of billions of dollars. And Meta Platforms, as the current market leader, could become the next consumer electronics juggernaut akin to what Apple achieved in the last 15 years with the invention of the iPhone.

Today's Change

(

-0.09

%) $

-0.57

Current Price

$

609.32

Meta stock crashed after its latest earnings report, creating a buying opportunity
Meta reported strong third-quarter financial results. Revenue increased 26% to $51 billion and generally accepted accounting principles (GAAP) net income (excluding a one-time tax charge) increased 20% to $7.25 per diluted share. Yet, shares fell sharply after the report because Meta plans to spend even more on AI product development next year. The stock is currently 23% below its high.

I think the sell-off was an overreaction. Yes, the company is spending heavily on AI, but those investments have clearly benefited its advertising business. And Meta's long-term aspiration of creating a superintelligence system (which could be monetized with smart glasses) could establish the company as a consumer electronics powerhouse.

Regardless, Wall Street expects Meta's earnings to increase at 15% annually over the next three years. That makes the current valuation of 27 time earnings look quite reasonable. Investors should feel comfortable buying a small position in this stock today.

Trevor Jennewine has positions in Amazon, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, Meta Platforms, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Keyera Corp. (KEY:CA) Q3 2025 Earnings Call November 14, 2025 10:00 AM EST

Company Participants

Dan Cuthbertson - General Manager of Investor Relations
C. Setoguchi - President, CEO & Director
Eileen Marikar - Senior VP & CFO
K. Urquhart - Senior VP & Chief Commercial Officer
Jarrod Beztilny - Senior Vice President of Operations & Engineering

Conference Call Participants

Robert Hope - Scotiabank Global Banking and Markets, Research Division
Aaron MacNeil - TD Cowen, Research Division
Robert Catellier - CIBC Capital Markets, Research Division
Theresa Chen - Barclays Bank PLC, Research Division
Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division
Maurice Choy - RBC Capital Markets, Research Division
Patrick Kenny - National Bank Financial, Inc., Research Division

Presentation

Operator

Good morning. My name is Eena, and I will be your conference operator today. At this time, I would like to welcome everyone to Keyera's 2025 Third Quarter Conference Call. [Operator Instructions]

I would now like to turn the call over to Mr. Dan Cuthbertson, General Manager of Investor Relations. You may begin.

Dan Cuthbertson
General Manager of Investor Relations

Thank you, and good morning. Joining me today will be Dean Setoguchi, President and CEO; Eileen Marikar, Senior Vice President and CFO; Jamie Urquhart, Senior Vice President and Chief Commercial Officer; and Jarrod Beztilny, Senior Vice President, Operations and Engineering.

We will begin with some prepared remarks from Dean and Eileen, after which we will open the call to questions.

I'd like to remind listeners that some of the comments and answers that we will give today relate to future events. These forward-looking statements are given as of today's date and reflect events or outcomes that management currently expects. In addition, we will refer to some non-GAAP financial measures. For additional information on non-GAAP measures and forward-looking statements, please refer to Keyera's public filings available on SEDAR and on

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Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the U.S., the Wall Street Journal reported on Friday.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Western Alliance Bancorporation (NYSE: WAL) resulting from allegations that Western Alliance Bancorporation may have issued materially misleading business information to the investing public.

So what: If you purchased Western Alliance Bancorporation securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46349https://rosenlegal.com/submit-form/?case_id=39889or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On October 16, 2025, Western Alliance Bancorporation disclosed that it had initiated a lawsuit against a borrower, Cantor Group V LLC, alleging fraud related to collateral loans.

On this news, Western Alliance Bancorporation stock fell -10.88% on October 16, 2025.

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

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

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

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

November 14, 2025 11:02 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 14, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton's merger with Koita Manufacturing Co., Ltd.); (2) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (3) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274611

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

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

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.

I am not a registered investment, tax, or legal advisor or broker and therefore cannot promise or guarantee any financial returns from my opinions on this page or site. The content of this article is based on my own personal thoughts and research, and you should do your own due diligence before making any investment decisions. This article may be structured as such, but it is not financial or investment advice. While I do make my best effort to ensure that all information in my articles is accurate and up-to-date, occasionally unintended errors or misprints may occur. Remember that all investments in the market face the risk of going to $0. The writer of this article has no business or personal relationship with any company mentioned in the above 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.

Localiza Rent a Car S.A. (OTCQX:LZRFY) Q3 2025 Earnings Call November 14, 2025 9:00 AM EST

Company Participants

Rodrigo Tavares Goncalves de Sousa - CFO, Director of Investor Relations & Member of Statutory Board
Nora Lanari

Conference Call Participants

Filipe Ferreira Nielsen - Citigroup Inc., Research Division
Guilherme Mendes - JPMorgan Chase & Co, Research Division
Andre Ferreira - Banco Bradesco BBI S.A., Research Division
Lucas Esteves - Santander Investment Securities Inc., Research Division
Daniel Gasparete - Itaú Corretora de Valores S.A., Research Division
Alberto Valerio - UBS Investment Bank, Research Division
Lucas Marquiori - Banco BTG Pactual S.A., Research Division
Jens Spiess - Morgan Stanley, Research Division
Rogério Araújo - BofA Securities, Research Division

Presentation

Operator

Good morning, and welcome to Localiza&Co.'s webinar on the third quarter 2025 results. Joining us today are Rodrigo Tavares, CFO; and Nora Lanari, Head of Investor Relations at the company. Please note that this webinar is being recorded and will be available at ri.localiza.com, where the full earnings release material are also available. The presentation is also available for download on the IR website. [Operator Instructions]

Please note that the figures in this presentation are [ in millions of reals ] and follow IFRS standards. We emphasize that the information contained in this presentation and any statements made during the conference regarding business outlooks, projections and operation and financial targets of Localiza represents the beliefs and assumptions of the company's management as well as currently available information. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions as they refer to future events and therefore, depend on circumstances that may or may not occur.

Now I will hand it over to Rodrigo Tavares, CFO of the company, to begin the presentation.

Rodrigo Tavares Goncalves de Sousa
CFO, Director of Investor Relations & Member of Statutory Board

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Ecopetrol S.A. (EC) Q3 2025 Earnings Call November 14, 2025 9:00 AM EST

Company Participants

Ricardo Barragan - President
Rafael Guzmán - Executive Vice President of Hydrocarbons
Bayron Triana Arias - Executive Vice President of Energies for the Transition
Alfonso Camilo Munoz - Chief Financial & Sustainable Value Officer
Julian Lemos Valero - Corporate Vice President of Strategy & Business Development
Rodolfo García Paredes - Acting Corporate Compliance Director & Interim Anti-Money Laundering Compliance Officer
Felipe Lopez - Vice President of Refining & Industrial Processes

Conference Call Participants

Daniel Guardiola - Banco BTG Pactual S.A., Research Division
Andres Duarte - Corporacion Financiera Colombiana S.A., Research Division
Ricardo Andres Sandoval Carrera - Bancolombia S.A., Research Division
Luisa Belin
Nicolas Barros - BofA Securities, Research Division
Guilherme Costa Martins - Goldman Sachs Group, Inc., Research Division
Joao Barichello

Presentation

Operator

Good morning. My name is Natalia, and I will be your operator today. Welcome to Ecopetrol's earnings conference call, in which we will discuss the main financial and operating results of the second quarter of 2025. [Operator Instructions]

Before we begin, it is important to mention that the comments in this call by Ecopetrol's senior management include projections of the company's future performance. These projections do not constitute any commitment as to future results, nor do they take into account risks or uncertainties that could materialize. As a result, Ecopetrol assumes no responsibility in the event that future results are different from the projections shared on this conference call.

The call will be led by Mr. Ricardo Roa, CEO of Ecopetrol; Rafael Guzman, Executive Vice President of Hydrocarbons; Camilo Barco, CFO; and Bayron Triana, Executive Vice President of Transition Energies.

Thank you for your attention. Mr. Roa, you may begin your conference.

Ricardo Barragan
President

Welcome to Ecopetrol Group's Third Quarter 2025 Earnings Call. Over the last 9 months, we have been focusing our

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Resideo Technologies, Inc. (REZI) Discusses P&S Operations and Financial Overview November 14, 2025 11:00 AM EST

Company Participants

Michael Carlet - CFO & Executive VP
Thomas Surran - President of Products & Solutions

Conference Call Participants

Neil Matalia

Presentation

Operator

Hello, and welcome. Please note members of the media and press are not authorized to participate in this event and should disconnect from the call now. The content presented on this conference call is proprietary to and are subject to copy rights of Jefferies third parties. You may not externally record, transcribe, publish or otherwise publicly disclose any portion of this call. Please note this call is being recorded. By attendance of that, you agree to all of these.

And with that, I hand it over to Neil to begin.

Neil Matalia

Good morning, everyone. My name is Neil Matalia. I work on the event-driven desk here at Jefferies. I want to thank you all for joining part 1 of our webinars with Resideo. We're incredibly excited today to have members of REZI's management team with us today. We're joined by Tom Surran, who's the President of P&S and recently named CEO of the P&S business; Mike Carlet, who is the Chief Financial Officer of Resideo; and Chris Lee who is Head of Investor Relations.

Just a quick overview of the agenda for today. We're going to spend a few minutes first talking with Tom about the background on P&S, and we're going to talk to Mike about the financials of the company, ask him a few questions on that. And then we're going to spend the majority of the time really digging into the P&S operations with Tom. And we'll try to hold some time at the end for questions. And if you have any questions, please send them to Dan Stratemeier on Bloomberg, and

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SummaryCF Industries is upgraded to Strong Buy thanks to robust free cash flow, aggressive buybacks, and solid long-term growth projects like Blue Point.CF's valuation remains significantly below peers despite strong financial performance, with management actively repurchasing shares to capitalize on perceived undervaluation.Macro tailwinds, including US rate cuts, trade deals, and decarbonization trends, support CF's outlook, though industry volatility and risks persist.Intrinsic value is estimated significantly above current levels, making CF attractive for long-term investors despite short-term uncertainties. Liudmila Chernetska/iStock via Getty Images

Introduction Back when I last covered CF Industries (CF), I pointed out how they're "Still Undervalued With Strong Cash Flow And Green Growth Potential," with robust free cash flow, shareholder returns, and long-term growth projects like

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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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.

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.

Ethereum has entered a crucial phase in its price structure, rising cautiously after a steep 11.5% decline that shook the market earlier this week. The asset has recovered around 2.5% since the sell-off and is now moving just above the $3,230 region.

Institutional investors reassess digital asset risk strategies amid heightened market volatility and shifting portfolio allocations.

Key Takeaways

BlackRock clients sold $463 million in Bitcoin in a single day, the highest outflow recorded.
The outflow reflects institutional risk management amid volatile market conditions.

Investors pulled $463 million from BlackRock’s IBIT Bitcoin ETF on Friday, representing the largest single-day outflow on record for the product.

The massive selloff reflects institutional investors reducing their exposures amid heightened volatility. BlackRock clients appear to be rebalancing their portfolios by scaling back Bitcoin positions as market conditions shift.

US-listed spot Bitcoin ETFs recorded net outflows of around $492 million on November 14.

Disclaimer

ETHZilla reported its third‑quarter results after the bell last night, and the company said in its report that it is pushing deeper into crypto, restaking, and real‑world asset tokenization.

While the crypto market has been crashing for weeks and most coins are still drowning in red, one sector is quietly breaking the trend, Real-World Assets (RWAs). Now, new data from on-chain analytics firm Santiment reveals that Chainlink, Hedera, Avalanche, and other RWA coins are not just surviving the downturn, they’re building faster than ever.

This shift is raising a big question across the market: Is the next major crypto rally going to start from RWAs, not memecoins or L1s?

Chainlink Leads RWA Development SurgeChainlink is No. 1 in developer activity, reflecting its role as the go-to oracle network for real-world asset data. Its Cross-Chain Interoperability Protocol (CCIP) has facilitated approximately $19 billion in cross-chain RWA transfers.

Santiment’s data shows a significantly higher number of GitHub commits for LINK than for any other RWA project. 

This makes sense as Chainlink’s technology is essential for bridging off-chain financial assets with smart contracts, providing the infrastructure needed for accurate, real-time pricing. 

Hedera and Avalanche Step UpRight behind Chainlink, Hedera (HBAR) ranks second in RWA developer activity. That’s notable because Hedera has been pushing enterprise adoption and tokenization use cases in finance and supply chain. 

Avalanche (AVAX) is also near the top. It’s gaining traction thanks to its high-throughput smart contract capabilities, making it a favorite for building tokenized financial instruments like real estate or credit products. 

Other Projects Making WavesBeyond the top three, several other networks are seeing meaningful development:

Stellar (XLM) ranks high, thanks to its lightweight design and appeal for tokenizing payments or simpler real-world asset classes. 

IOTA, Axelar, Chia (XCH), Injective (INJ), VeChain (VET), and Centrifuge (CFG) all show up on Santiment’s list, highlighting a diverse group of protocols pushing forward into real-world asset tokenization. 

Why This Matters for the FutureThis rise in development isn’t just about writing code, it shows a real change in how blockchains are being used. As traditional finance looks for safer and easier ways to use tokenized real-world assets, these projects could become the foundation.

Santiment’s data also hints that top developers are now focusing heavily on RWA, which means big institutions may start paying attention soon.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

2 mins mins

Key Insights:

ASTER confirms no token unlocks for 2025, shifting timelines to 2026 and even 2035.
Monthly ecosystem unlocks scrapped as Aster cites no current need for additional token supply.
ASTER trades 24% above the $0.91 level, with delayed unlocks leaving supply unchanged for now.

ASTER Unlocks Delayed to 2026 and 2035 in Tokenomics Shift
The team behind Aster, a derivatives exchange, has confirmed changes to its token release schedule. Several token unlocks originally planned for 2025 have been canceled or delayed. Some of those unlocks are now scheduled for summer 2026, while others have been pushed further to 2035.

The update comes after ASTER token data on Binance showed the original timeline had been adjusted. Aster’s team confirmed the change and linked it to a lack of immediate need for the tokens.

Monthly Unlocks Removed from the Plan
The token release model previously included monthly unlocks tied to ecosystem growth. That model has now been suspended. The team explained that, as of now, there is no planned usage for the tokens that were set to be released.

According to a post shared by AB Kuai.Dong, Aster said, 

“Since Aster has no usage plan, the unlocks were not carried out.” 

This decision marks a clear shift from the initial distribution strategy, which aimed to gradually increase circulating supply each month.

Timeline Extended to 2026 and Beyond
Several of the unlocks that were set to take place in 2025 have been moved to a later date. Some will now be released in mid-2026, while others are delayed as far as 2035. The team has not confirmed any specific schedule for future unlocks beyond that.

The changes appear to be based on the project’s current needs. With no demand for the tokens at this time, the team has opted to keep them locked.

Price Holds Above Key Level
At the time of writing, ASTER was priced at $1.13, which is above a noted entry level of $0.91, said to be linked to Binance founder’s cost basis. This places the token around 24% above that mark.

The announcement has not caused major market moves so far. Traders are watching to see whether the reduced supply flow will affect the token’s price stability in the coming months.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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In the latest financial report, American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., has announced significant profits for the third quarter (Q3) of the year. The company, operating as a miner and buyer of the world’s largest digital asset, experienced a profit boost due to improved margins.

American Bitcoin Surpasses Previous Earnings
During Q3, American Bitcoin reported a revenue of $64.2 million, showcasing a notable increase compared to the previous quarter. The net income for this quarter reached $3.5 million, slightly exceeding the $3.4 million earned in Q3 of the previous year. 

Throughout the quarter, the company acquired over 3,000 BTC through a combination of mining operations and strategic purchases, joining companies like Strategy (formerly MicroStrategy) in accumulating Bitcoin and betting on its long-term prospects. 

As of September 30, American Bitcoin held a total of 3,418 BTC in its reserves. The company significantly boosted its Bitcoin mining capacity by around 2.5 times quarter-over-quarter, adding approximately 14.8 exahash per second (EH/s) to reach a total capacity of approximately 25.0 EH/s by the end of September.

In a post-earnings conference call, Eric Trump expressed pride in the company’s growth since its debut on Nasdaq, highlighting the addition of over 3,000 Bitcoin to their reserves and positioning American Bitcoin among the leading public Bitcoin treasuries. 

Eric Trump also emphasized the success of American Bitcoin’s strategy in the third quarter, underscoring the efficiency of their scalable and asset-light mining operations in generating Bitcoin below market rates.

ABTC Stock Surges 5%, Bitcoin Drops Toward $95,000
CEO Mike Ho, in a conference call, highlighted the cost efficiency of American Bitcoin’s mining operations, stating that they mine at a significantly lower cost compared to conventional vehicles that acquire Bitcoin at spot prices. 

Ho further emphasized the company’s strong performance in the third quarter, showcasing accelerated growth in mining capacity, revenue, and gross margin improvements, he stated:

Our third-quarter performance reflects the speed, discipline, and precision with which we are executing against our differentiated Bitcoin accumulation model. We more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter.

As a majority-owned subsidiary of Hut 8 Corp, American Bitcoin stands as a leading player in the crypto industry, with a strategic focus on efficient Bitcoin accumulation through mining practices. 

On Friday, the company’s stock, ABTC, surged by 5% toward the $5 mark. Meanwhile, Bitcoin has continued to decline in price since mid-October, reaching $95,328 at the time of this writing — a 24% drop from its all-time high. 

The daily chart shows BTC’s price drop below the key $100,000 level. Source: BTCUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com 

Following the recent crypto market sell-off, Bitcoin slipped below $95K, its lowest in a month, sparking a wave of online rumors that Michael Saylor’s MicroStrategy sold over $4 billion in BTC to cut losses. But how accurate are those claims?

Here is an in-depth fact-check to clarify the situation.

Where Did This Claim Come From?The claim was first magnified by crypto influencers and on-chain trackers highlighting wallet activity attributed to “Strategy (Prev. MicroStrategy).” The attached chart shows over a dozen large Bitcoin transactions in recent hours, some worth tens or hundreds of millions of dollars. 

This data led to speculation that Strategy and Michael Saylor himself were selling off their Bitcoin position. But are these claims supported by facts?

So what’s really happening?

Coinpedia Review: What’s Actually True?1. Strategy Is Still Accumulating—Not Selling

According to verified financial media and Strategy’s own disclosures, there have been no reports, SEC filings, or company statements confirming any BTC sale in 2025. On the contrary, Strategy has recently continued buying Bitcoin, adding 487 BTC on November 10, and 397 BTC the week before. 

Their total holdings now approach 641,692 BTC worth over $65 billion as of mid-November 2025.​

2. Large Transfers Aren’t Proof of Sales

Bitcoin’s on-chain data shows wallet activity linked to Strategy, but these movements don’t confirm any selling. Arkham Intelligence platform noted that Strategy has been moving billions of dollars of BTC as part of what appears to be a change in custodians for some of their Bitcoin.

So far, no on-chain or exchange evidence shows that these transfers resulted in actual Bitcoin sales.

3. Saylor’s Public Stance Remains Bullish

No public filings, press releases, or major financial media outlets have reported a sale of Bitcoin by Strategy in 2025. On the contrary, filings show a pattern of consistent accumulation.

Michael Saylor continues to champion Bitcoin publicly, predicting dramatic long-term price increases and reiterating a “never sell” approach.​

Summary Table: Coinpedia’s Evidence Against the TheoryClaim Made by TheoryCoinpedia’s Counter-EvidenceStrategy has sold over $4B of its Bitcoin holdings❌ Arkham confirms transfers are custodian changes, not sales; Coinpedia finds continued accumulation.Michael Saylor is selling Bitcoin❌ No evidence, Saylor remains bullish, and the company shows no sales activityOn-chain large BTC transfers are confirmed sales❌ Transfers alone do not prove sales, may be for internal reasons.ConclusionClaimMichael Saylor’s Strategy Sold Over $4B of BitcoinVerdict❌ FalseFact-Check by CoinpediaAs per Coinpedia research and a review of official sources, there is no credible or verifiable evidence linking the Strategy to having sold any significant amount of Bitcoin in 2025.
The rumors are based mainly on misinterpretation of on-chain movements that lack confirmation of actual sales.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

2 mins mins

Key Points:

Harvard University increases Bitcoin ETF holdings by over 257% as of September 2025.Institutional moves highlight growing interest in cryptocurrency.Pending confirmation of further market impacts on Bitcoin and ETFs.
Harvard University’s September 30th holdings reveal a substantial 257% increase in IBIT shares and a 98.62% increase in GLD shares, according to recent PANews reports.

These shifts highlight growing institutional interest in Bitcoin and gold ETFs, potentially influencing market sentiment and investment strategies pending official SEC filing confirmation.

Harvard’s 257% Bitcoin ETF Investment Surge
Harvard University expanded its holdings in the IBIT Bitcoin ETF by 257.48%, reaching 6,813,612 shares. This increase from prior figures reflects a strategic shift in the university’s investment approach. The shares are valued at $442.9 million, indicating a marked interest in Bitcoin ETFs.

This change in holdings underlines Harvard’s growing focus on alternative asset classes, particularly cryptocurrencies. With the significant boost in Bitcoin exposure, the institution is aligning itself with the trends of other prominent endowments, as noted in market analysis from HedgeFollow. This move may impact the Bitcoin market, as institutional interest often precedes market upticks.

As a major institutional investor, our decisions regarding portfolio allocations are crucial in shaping market sentiment and flows, particularly in burgeoning sectors like cryptocurrency and precious metals. – Harvard Management Company
Institutional Shifts in Cryptocurrency Investments
Did you know? Harvard University’s 257% increase in Bitcoin ETF shares over a quarter is one of the largest known institutional jumps into cryptocurrency, reflecting a significant deviation from typical investment trends within elite academic endowments.

According to CoinMarketCap, Bitcoin (BTC) recently traded at $94,745.04, with a market cap reaching $1.89 trillion, commanding 58.59% market dominance. Over the past 24 hours, its trading volume was $113.13 billion, while Bitcoin’s price saw a decline of 4.13%, continuing a downward trend over the past 90 days.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 01:06 UTC on November 15, 2025. Source: CoinMarketCap

Coincu research analysts suggest these trends highlight an evolving landscape of institutional investments in digital assets. Increasing scrutiny of asset volatility is underway, as academic institutions weigh Bitcoin’s potential alongside traditional asset classes.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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