Track market-moving stories before they get noisy

At last check, Bitcoin traded around $64,200, down about 1.9% over 24 hours, with the world's largest cryptocurrency still nearly 49% below its all-time high of $126,198.07.

According to Benzinga Edge Stock Rankings, BitMine Immersion Technologies posted a week-on-week jump in its momentum score from 80.29 to 91.08. The stock was down 42.17% year-to-date, 20.99% over the month, but it gained 225.73% over the last year.

Meanwhile, Galaxy Digital’s momentum score rose from 86.71 to 90.87, despite having a poor growth score. The stock was 47.76% higher YTD, 11.58% over the month, and 78.69% over the year.

Robinhood Markets Inc. (NASDAQ:HOOD), another crypto-adjacent stock tied to retail trading activity, also showed strength with a momentum score of 75.60, rising from a mere 20.55 score.

It maintained a strong price trend in the short and medium terms but a weak trend in the long term. The stock was down 6.98% YTD, but up 36.38% and 40.36% over the month and the year, respectively.

The momentum score measures a stock's relative strength based on price movement patterns and volatility across multiple timeframes. In this case, the ranking suggests crypto-linked equities are outperforming the token that often drives sentiment across the group.

Bitcoin Stays Under PressureThe divergence comes as crypto markets remain fragile following the Federal Reserve's latest policy decision and the U.S.-Iran peace agreement.

According to Santiment, the Fed decision became a classic "buy the rumor, sell the news" moment, with investors shifting attention "from what was expected to what comes next."

Analysts See Fragile RecoveryCryptoQuant said Bitcoin's short-term holder ‘Spent Output Profit Ratio’ has not yet broken into panic territory.

"The current structure suggests a fragile recovery phase rather than full capitulation; a reclaim of 1.0 would confirm improving short-term sentiment, while a renewed drop below 0.95 would signal rising panic risk," CryptoQuant said.

Meanwhile, Anthony Scaramucci remained bullish on Bitcoin's longer-term setup, saying, "I think Bitcoin starts to rally late in the 4th quarter of 2026 into early 2027."

For now, Bitcoin is struggling. But BMNR and GLXY are showing that crypto-adjacent momentum has not disappeared.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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In the market, if there aren't enough sell orders to fill all the buy orders, the buyers are forced to outbid each other and pay premiums if they want to acquire shares. This forces the stock into an uptrend.

When the uptrend reaches a resistance level, the tide turns. There is a large amount of supply or sell orders at these levels. Buyers can buy as many shares as they want to without pushing the price higher.

Robinhood Hits ResistanceRallies end or pause when they reach resistance levels. As you can see on the chart below, Robinhood hit resistance around the $105 level yesterday.

It isn't a coincidence that there is resistance at this level. It was a support level in November, and levels that had previously been support can turn into resistance.

This is a common occurrence in the financial markets. It happens because of remorseful or regretful buyers.

People who purchased shares at around $105 in November realized their decision was a mistake when the support level broke. Some of them also decided to hold onto their losing positions, but they also decided to exit at breakeven if they could eventually do so.

When the shares rallied back to $105, these remorseful buyers placed sell orders. This resulted in resistance forming at the same price that had been supported.

If a stock eventually breaks or trades above the resistance, it can be a bullish dynamic. It shows that the sellers who created the resistance have left the market. They have canceled or finished their orders.

With this large amount of supply taken off the market, buyers will once again be forced to outbid each other to acquire shares. This dynamic could move Robinhood higher.

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Founded in 2013, Robinhood (HOOD 0.69%) changed the brokerage industry with its free trading model. Today, the broker's product lineup has expanded well beyond stocks to include products like cryptocurrencies and prediction markets. With a focus on smaller investors, Robinhood is living up to its goal to "democratize finance for all." But is becoming a full-service financial platform enough to make the stock a buy?

Robinhood is growing quickly Although it was founded in 2013, Robinhood didn't go public until 2021. In its first earnings release in the second quarter of that year, it had $102 billion in custody. In the first quarter of 2026, roughly five years later, that figure had grown to $307 billion, and it is now called total platform assets, given the broadening of the company's business. The company has rapidly become a major player in the finance industry, building off its early success in attracting younger traders interested in stocks.

Image source: Getty Images.

There's no question that management deserves a great deal of credit for what Robinhood has achieved. But that alone doesn't make the stock worth buying. Notably, Robinhood is being afforded a premium valuation, with a price-to-earnings ratio of 45x, compared to P/Es of 39x for Interactive Brokers (IBKR 1.35%) and 18x for Charles Schwab (SCHW +0.95%). A growth investor may be able to justify Robinhood's valuation, but a value investor likely wouldn't be interested.

What's going on with Robinhood's customer base? There's another issue to consider here as well. With a focus on new investors, Robinhood may be taking on more risk than its long-established peers, such as Charles Schwab. This potential risk was highlighted in Robinhood's solid first quarter 2026 results. Risk-taking is the big issue.

While Robinhood's transaction-based revenue jumped 7% year-over-year in the quarter, that growth was largely driven by prediction markets, which boosted "other" revenue by 320%. Cryptocurrency-related revenue, however, fell by 47%. This is notable because it suggests that aggressive investors shifted to what is the current hot trading idea.

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The problem is that Robinhood has never lived through a deep market downturn, such as the dot-com crash or the bear market associated with the Great Recession. Until it has, it is hard to know what its customers will do when every market seems to be heading lower, and losses are piling up. In other words, what will its customers do when there's no new hot investment idea to jump on? There is a very real possibility that fear drives less experienced investors to get out of the market and stay out. Risk-averse investors will likely want to wait for Robinhood to be stress-tested before buying it.

Robinhood is not a bad company, but it is still quite young None of this is meant to suggest that Robinhood is a bad company. It has done incredible things in a very short period of time. But that short period of time is a problem because the vast majority of it has been good for the stock market and investing. Robinhood's stock is expensive, and the company has yet to face a deep, prolonged market downturn. Only the most aggressive growth investors will likely be interested in it for now.

Charles Schwab is an advertising partner of Motley Fool Money. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.

June 22, 2026 07:00 ET  | Source: Robinhood Markets, Inc.

Opportunistic capital raise with proceeds used to enhance strategic flexibility to invest for future growth     

Approximately $300 million of the proceeds to be used to repurchase shares, although the amount of Class A common stock that Robinhood actually repurchases may be more or less than $300 million

Additionally, a portion of the proceeds to be used to purchase capped calls intended to offset any share dilution until at least a targeted 125% premium to the last reported sale price of Robinhood’s Class A common stock on the date of pricing

MENLO PARK, Calif., June 22, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that, subject to market conditions, it intends to offer $2.0 billion in aggregate principal amount of convertible senior notes due 2029 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Robinhood also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $200 million aggregate principal amount of Notes.

The Notes will be senior, unsecured obligations of Robinhood. Robinhood will settle conversions by paying cash up to the aggregate principal amount of the Notes to be converted and paying or delivering, as the case may be, cash, shares of Robinhood’s Class A common stock or a combination of cash and shares of Robinhood’s Class A common stock, at Robinhood’s election, in respect of the remainder, if any, of Robinhood’s conversion obligation in excess of the aggregate principal amount of the Notes being converted, based on the then applicable conversion rate. The Notes will mature on October 1, 2029, unless earlier converted, redeemed or repurchased.

Robinhood may not redeem the Notes prior to July 1, 2028, except in the event of a cleanup redemption (as defined below). Robinhood may redeem for cash all or any portion of the Notes (subject to certain limitations), at its option, on or after July 1, 2028 and prior to the 21st scheduled trading day immediately preceding October 1, 2029, if the last reported sale price of Robinhood’s Class A common stock has been at least 120% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Robinhood provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. In addition, the Notes will be redeemable at any time if the aggregate principal amount of the Notes that remains outstanding is less than $100 million and certain other conditions are satisfied (a “cleanup redemption”).

The interest rate, the initial conversion rate and certain other terms of the Notes will be determined at the time of pricing of the Offering.

Robinhood intends to use (i) approximately $300 million of the net proceeds from the Offering to repurchase its Class A common stock, although the amount of its Class A common stock that Robinhood actually repurchases may be more or less than $300 million, (ii) a portion of the net proceeds from the Offering to fund the costs of the capped call transactions described below and (iii) the remainder of the net proceeds from the Offering, if any, for general corporate purposes, which may include organic growth investments, potential acquisitions and/or capital expenditures. If the initial purchasers exercise their option to purchase additional Notes, Robinhood expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions. In addition, following the Offering, Robinhood plans to continue to repurchase additional shares of its Class A common stock pursuant to Robinhood’s stock repurchase program. The repurchases of Robinhood’s Class A common stock described above could increase (or reduce the size of any decrease in) the market price of Robinhood’s Class A common stock or the Notes. In the case of repurchases effected concurrently with the Offering, this activity could affect the market price of Robinhood’s Class A common stock prior to, concurrently with or shortly after the pricing of the Notes, and could result in a higher effective conversion price for the Notes.

In connection with the pricing of the Notes, Robinhood expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Notes or their respective affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of Robinhood’s Class A common stock initially underlying the Notes sold in the Offering. The capped call transactions are expected generally to reduce potential dilution to Robinhood’s Class A common stock upon conversion of any Notes and/or offset any cash payments Robinhood is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap.

Robinhood has been advised that, as is customary for convertible note offerings that include capped call transactions, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of Robinhood’s Class A common stock and/or enter into various derivative transactions with respect to Robinhood’s Class A common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of Robinhood’s Class A common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Robinhood’s Class A common stock and/or purchasing or selling Robinhood’s Class A common stock or other securities of Robinhood in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of Notes or following any repurchase of Notes in connection with any “fundamental change” (as defined in the indenture for the Notes) and (y) following any other repurchase of Notes if Robinhood elects to unwind a portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or decrease in the market price of Robinhood’s Class A common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Notes.

Neither the Notes nor the shares of Robinhood’s Class A common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act, the securities laws of any other jurisdiction or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful. No assurance can be made that the Offering will be consummated on its proposed terms or at all.

Contacts

Investor Relations
[email protected]

Media
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements regarding Robinhood and its consolidated subsidiaries (“we,” “Robinhood,” or the “Company”), including, but not limited to, statements regarding the anticipated terms of the Notes, the completion, timing and size of the Offering and capped call transactions, the anticipated effects of entering into the capped call transactions, and the intended use of the net proceeds from the Offering and the anticipated effects thereof. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this press release. Factors that contribute to the uncertain nature of our forward-looking statements include, among others, risks and uncertainties associated with market conditions, including market interest rates, the trading price and volatility of Robinhood's Class A common stock and risks related to this Offering, and Robinhood’s business and operations and results of operations. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results can be found in Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as well as in our other filings with the SEC, all of which are available on the SEC’s web site at www.sec.gov. Moreover, we operate in a very competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible for us to predict all risks nor identify all uncertainties. The events and circumstances reflected in our forward-looking statements might not be achieved and actual results could differ materially from those projected in the forward-looking statements. Except as otherwise noted, all forward-looking statements in this press release are made as of the date of this press release, June 22, 2026, and are based on information and estimates available to us at this time. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Except as required by law, Robinhood assumes no obligation to update any of the statements in this press release whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this press release with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect.

Live Updates Yesterday

Analysts at Evercore ISI argue that Credo Technology (NASDAQ: CRDO | CRDO Price Prediction) could see further upside. The firm has a $325 price target, and noted that:

“Credo is viewed as a copper-based AI-connectivity play, largely because it created the [architecture, engineering and construction] interconnect standard and drove its success by delivering a reliable, systems solution – i.e., whole cable + chips instead of just chips. However, we believe it will be increasingly viewed as a broad copper + optical AI-connectivity play as it prosecutes its optical roadmap, which includes optical [digital signal processors], Silicon Photonics [integrated circuits], microLED cables, and most importantly its [ZeroFlap Optics] modules, where consistent with its AEC playbook,” as quoted by CNBC.

The stock is up another $12.85 in premarket, last trading at $284.68.

Futures are mixed this morning. The S&P 500 is down about 0.16%, or by 12 points. The SPDR S&P 500 ETF (SPY) is down by a few cents. The Dow is down about 0.04%, or by 22 points.  The Nasdaq is up by 0.04%, or by about 13 points. Gold is up by $70.40 at $4,213.76. Bitcoin is up by $900.42 at $64,162.56. Oil prices are down another 53 cents to $75.32.

At the moment, markets are assessing the latest developments with Iran, with Qatar and Pakistan saying that the U.S. and Iran had agreed on a roadmap to a final deal in the next 60 days. That news sent oil prices down another 53 cents to $75.32.

Markets are also waiting on May’s reading on the personal expenditure price (PCE) index, which is closely watched by the Federal Reserve. Unfortunately, even if we exclude food and energy, core PCE is expected to rise from April. Plus, as noted by CNBC, “Following last week’s hawkish Fed meeting, expectations of an interest rate increase were pulled forward to as soon as October. Investors are now laser-focused on any inflation reading that could signal the U.S. central bank may soon begin hiking rates.”

Market Movers: Micron on the Move Ahead of Earnings  Ahead of earnings on June 24, Micron (NASDAQ: MU) saw two price hikes. Bernstein raised its forecast to $1,300, while Needham hiked its outlook to $1,550.

Days ago, TD Cowen raised its price target on Micron to $1,500 from $660, with a buy rating. The firm cited strong demand for dynamic random-access memory (DRAM), which continues to outpace supply by a wide margin.

Fueled by surging demand for AI infrastructure, data centers, and high-bandwidth memory solutions, Micron has emerged as one of the semiconductor industry’s biggest winners. The company’s advanced DRAM and NAND memory products have become critical components in AI servers, helping drive significant revenue growth and investor enthusiasm.

Market Movers: Insider Buying at Robinhood  When insiders buy shares of their own company, investors should take notice. After all, insider buying can be one of the strongest signals of management confidence.

Look at Robinhood (NASDAQ: HOOD), for example.

After dipping on Bitcoin-fueled weakness, HOOD is just starting to come back strong, especially with news that an insider bought more than 250,000 shares. In fact, according to a securities filing, director Meyer Malka bought 250,000 shares at prices ranging from $80.07 to $81. Two days before that, Malka picked up 181,000 shares for between $83.24 and $83.63 a share.

© Dogora Sun / Shutterstock.com

Opportunistic capital raise with proceeds used to enhance strategic flexibility to invest for future growth

Approximately $290 million of the proceeds to be used to repurchase shares concurrently with the Offering

Additionally, a portion of the proceeds to be used to purchase capped calls intended to offset any share dilution until a 125% premium to the last reported sale price of Robinhood’s Class A common stock on the date of pricing

MENLO PARK, Calif., June 22, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it has priced an offering of $2.0 billion in aggregate principal amount of 0.00% convertible senior notes due 2029 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Robinhood has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $200 million aggregate principal amount of Notes. The Offering is expected to close on June 25, 2026, subject to the satisfaction of customary closing conditions.

The Notes will be senior, unsecured obligations of Robinhood. The Notes will not bear regular interest, and the principal amount of the notes will not accrete. Robinhood will settle conversions by paying cash up to the aggregate principal amount of the Notes to be converted and paying or delivering, as the case may be, cash, shares of Robinhood’s Class A common stock or a combination of cash and shares of Robinhood’s Class A common stock, at Robinhood’s election, in respect of the remainder, if any, of Robinhood’s conversion obligation in excess of the aggregate principal amount of the Notes being converted, based on the then applicable conversion rate. The Notes will mature on October 1, 2029, unless earlier converted, redeemed or repurchased.

Robinhood may not redeem the Notes prior to July 1, 2028, except in the event of a cleanup redemption (as defined below). Robinhood may redeem for cash all or any portion of the Notes (subject to certain limitations), at its option, on or after July 1, 2028 and prior to the 21st scheduled trading day immediately preceding October 1, 2029, if the last reported sale price of Robinhood’s Class A common stock has been at least 120% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Robinhood provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid special interest to, but excluding, the redemption date. In addition, the Notes will be redeemable at any time if the aggregate principal amount of the Notes that remains outstanding is less than $100 million and certain other conditions are satisfied (a “cleanup redemption”).

Robinhood estimates that the net proceeds from the Offering will be approximately $1,971.8 million (or approximately $2,169.1 million if the initial purchasers exercise their option to purchase additional Notes in full), after deducting the initial purchasers’ discounts and estimated expenses payable by Robinhood. Robinhood intends to use (i) approximately $290 million of the net proceeds from the Offering to repurchase its Class A common stock concurrently with the pricing of the Offering in privately negotiated transactions effected with or through one of the initial purchasers of the Notes or its affiliate at a purchase price per share equal to the last reported sale price of Robinhood’s Class A common stock on the Nasdaq Global Select Market (the “Nasdaq”) on June 22, 2026, (ii) $112 million of the net proceeds from the Offering to fund the costs of the capped call transactions described below and (iii) the remainder of the net proceeds from the Offering, if any, for general corporate purposes, which may include organic growth investments, potential acquisitions and/or capital expenditures. If the initial purchasers exercise their option to purchase additional Notes, Robinhood expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions. In addition, following the Offering, Robinhood plans to continue to repurchase additional shares of its Class A common stock pursuant to Robinhood’s stock repurchase program. The repurchases of Robinhood’s Class A common stock described above could increase (or reduce the size of any decrease in) the market price of Robinhood’s Class A common stock or the Notes.

At any time prior to the close of business on the business day immediately preceding July 1, 2029, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after July 1, 2029, until the close of business on the second scheduled trading day immediately preceding the maturity date, the Notes will be convertible at the option of the holders of the Notes at any time regardless of these conditions. The initial conversion rate will be 5.7332 shares of Robinhood’s Class A common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $174.42 per share of Robinhood’s Class A common stock). The initial conversion price of the Notes represents a premium of approximately 65.0% over the last reported sale price of Robinhood’s Class A common stock on the Nasdaq on June 22, 2026.

Subject to certain conditions, if Robinhood undergoes a “fundamental change” (as defined in the indenture that will govern the Notes), holders of the Notes may require Robinhood to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid special interest to, but excluding, the fundamental change repurchase date. In addition, upon certain corporate events that occur prior to the maturity date or upon redemption, Robinhood will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with any such corporate event or convert their Notes called (or deemed called) for redemption during the related redemption period, as the case may be.

In connection with the pricing of the Notes, Robinhood entered into privately negotiated capped call transactions with certain initial purchasers of the Notes or their respective affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of Robinhood’s Class A common stock initially underlying the Notes sold in the Offering. The capped call transactions are expected generally to reduce potential dilution to Robinhood’s Class A common stock upon conversion of any Notes and/or offset any cash payments Robinhood is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap based on a cap price initially equal to approximately $237.85 per share, which represents a premium of approximately 125% over the last reported sale price of Robinhood’s Class A common stock on the Nasdaq on June 22, 2026.

Robinhood has been advised that, as is customary for convertible note offerings that include capped call transactions, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of Robinhood’s Class A common stock and/or enter into various derivative transactions with respect to Robinhood’s Class A common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of Robinhood’s Class A common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Robinhood’s Class A common stock and/or purchasing or selling Robinhood’s Class A common stock or other securities of Robinhood in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of Notes or following any repurchase of Notes in connection with any “fundamental change” (as defined in the indenture for the Notes) and (y) following any other repurchase of Notes if Robinhood elects to unwind a portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or decrease in the market price of Robinhood’s Class A common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Notes.

Neither the Notes nor the shares of Robinhood’s Class A common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act, the securities laws of any other jurisdiction or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful. No assurance can be made that the Offering will be consummated on its proposed terms or at all.

Contacts

Investor Relations
[email protected]

Media
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements regarding Robinhood and its consolidated subsidiaries (“we,” “Robinhood,” or the “Company”), including, but not limited to, statements regarding the completion and timing of the Offering and capped call transactions, the anticipated effects of entering into the capped call transactions, and the intended use of the net proceeds from the Offering and the anticipated effects thereof. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Our forward-looking statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause our actual future results, performance, or achievements to differ materially from any future results expressed or implied in this press release. Factors that contribute to the uncertain nature of our forward-looking statements include, among others, risks and uncertainties associated with market conditions, including market interest rates, the trading price and volatility of Robinhood's Class A common stock and risks related to this Offering, and Robinhood’s business and operations and results of operations. Because some of these risks and uncertainties cannot be predicted or quantified and some are beyond our control, you should not rely on our forward-looking statements as predictions of future events. More information about potential risks and uncertainties that could affect our business and financial results can be found in Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as well as in our other filings with the SEC, all of which are available on the SEC’s web site at www.sec.gov. Moreover, we operate in a very competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible for us to predict all risks nor identify all uncertainties. The events and circumstances reflected in our forward-looking statements might not be achieved and actual results could differ materially from those projected in the forward-looking statements. Except as otherwise noted, all forward-looking statements in this press release are made as of the date of this press release, June 22, 2026, and are based on information and estimates available to us at this time. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. Except as required by law, Robinhood assumes no obligation to update any of the statements in this press release whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this press release with the understanding that our actual future results, performance, events, and circumstances might be materially different from what we expect.

Robinhood Markets, Inc. (HOOD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this company have returned +43.6%, compared to the Zacks S&P 500 composite's +0.1% change. During this period, the Zacks Financial - Investment Bank industry, which Robinhood Markets falls in, has gained 10.8%. 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 RevisionsHere 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, Robinhood Markets is expected to post earnings of $0.41 per share, indicating a change of -2.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.1% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $1.8 points to a change of -12.2% from the prior year. Over the last 30 days, this estimate has changed -0.5%.

For the next fiscal year, the consensus earnings estimate of $2.43 indicates a change of +34.7% from what Robinhood Markets is expected to report a year ago. Over the past month, the estimate has changed -0.5%.

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 #3 (Hold) for Robinhood Markets.

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.

In the case of Robinhood Markets, the consensus sales estimate of $1.2 billion for the current quarter points to a year-over-year change of +21.5%. The $4.98 billion and $6.22 billion estimates for the current and next fiscal years indicate changes of +11.3% and +24.8%, respectively.

Last Reported Results and Surprise HistoryRobinhood Markets reported revenues of $1.07 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $0.38 for the same period compares with $0.37 a year ago.

Compared to the Zacks Consensus Estimate of $1.14 billion, the reported revenues represent a surprise of -6.07%. The EPS surprise was -5%.

Over the last four quarters, Robinhood Markets surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times 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.

Robinhood Markets 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.

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 Robinhood Markets. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: UiPath (PATH - Free Report) UiPath, Inc. provides an end-to-end enterprise automation platform that combines robotic process automation with AI to help organizations discover, build, and operate software automations at scale. The UiPath Platform enables users to automate tasks across user interfaces, APIs, and documents, and to orchestrate digital workers that collaborate with people. Core capabilities include AI-powered document understanding, low-code design tools, process mining to identify automation opportunities, automated testing, analytics, and centralized governance. The company was first established in Bucharest, Romania in 2005 and incorporated in Delaware in 2015. Its principal executive offices are at One Vanderbilt Avenue, New York, NY.

PATH is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. PATH has a Growth Style Score of B, forecasting year-over-year earnings growth of 9.7% for the current fiscal year.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.01 to $0.79 per share. PATH also boasts an average earnings surprise of +30.5%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PATH should be on investors' short list.

UiPath (PATH - 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 enterprise automation software developer have returned -7%, compared to the Zacks S&P 500 composite's +0.1% change. During this period, the Zacks Internet - Software industry, which UiPath falls in, has lost 4.7%. 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 RevisionsHere 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.

UiPath is expected to post earnings of $0.15 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate has changed +74.2%.

For the current fiscal year, the consensus earnings estimate of $0.79 points to a change of +9.7% from the prior year. Over the last 30 days, this estimate has changed +18.4%.

For the next fiscal year, the consensus earnings estimate of $0.9 indicates a change of +14.3% from what UiPath is expected to report a year ago. Over the past month, the estimate has changed +3.8%.

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 #2 (Buy) for UiPath.

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.

For UiPath, the consensus sales estimate for the current quarter of $397.59 million indicates a year-over-year change of +9.9%. For the current and next fiscal years, $1.78 billion and $1.92 billion estimates indicate +10.4% and +8.2% changes, respectively.

Last Reported Results and Surprise HistoryUiPath reported revenues of $418.38 million in the last reported quarter, representing a year-over-year change of +17.3%. EPS of $0.15 for the same period compares with $0.11 a year ago.

Compared to the Zacks Consensus Estimate of $397.43 million, the reported revenues represent a surprise of +5.27%. The EPS surprise was 0%.

Over the last four quarters, UiPath 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.

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.

UiPath 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.

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 UiPath. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

In the latest close session, Monday.com (MNDY - Free Report) was down 1.64% at $70.36. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.

Prior to today's trading, shares of the project management software developer had lost 9.52% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.

Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. The company is expected to report EPS of $1.14, up 4.59% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $354.95 million, reflecting a 18.71% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $1.47 billion, representing changes of +2.05% and +19.34%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Mondaycom. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Monday.com is currently a Zacks Rank #3 (Hold).

In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 15.95. This denotes a discount relative to the industry average Forward P/E of 18.33.

It is also worth noting that MNDY currently has a PEG ratio of 1.27. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 0.99 as trading concluded yesterday.

The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

AirTrunk, the Blackstone BX -backed data center operator, is in talks with banks for a A$4.3 billion ($3 billion) loan to support a new Australian project, as the company continues expanding across Asia Pacific with debt-backed financing. People familiar with the matter said proceeds would help fund construction of SYD3, a hyperscale data center of more than 400 megawatts. Banks have been approached to underwrite the five-year deal, though terms have not been finalized and could still change.

The move comes as lenders keep pouring capital into AI-linked digital infrastructure. JPMorgan Chase JPM has estimated that AI buildout costs could reach $5.5 trillion by 2030, with around $4.1 trillion of debt needed to support the digital infrastructure boom. That scale of financing could keep data center operators in focus for investors, while also raising concerns that the sector may be moving toward a credit-fueled bubble.

AirTrunk has been pushing deeper into the region. Earlier in June, it announced plans to invest around $30 billion in India after buying Lumina CloudInfra in April. The company is also marketing a $2.3 billion syndicated loan for a Malaysia data center buildout and plans to raise at least A$500 million through asset-backed bonds in the second half of the year. AirTrunk operates data centers in Australia, Hong Kong, Japan, Malaysia and Singapore, and Blackstone and Canada Pension Plan Investment Board acquired the company in 2024 at a A$24 billion valuation.

Chipotle Mexican Grill (CMG - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this Mexican food chain have returned -1.3%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Retail - Restaurants industry, which Chipotle falls in, has gained 2.4%. 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.

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.

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.

For the current quarter, Chipotle is expected to post earnings of $0.32 per share, indicating a change of -3% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.5% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $1.13 points to a change of -3.4% from the prior year. Over the last 30 days, this estimate has changed +0.1%.

For the next fiscal year, the consensus earnings estimate of $1.35 indicates a change of +19.5% from what Chipotle is expected to report a year ago. Over the past month, the estimate has changed -0.2%.

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 #3 (Hold) for Chipotle.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile 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 Chipotle, the consensus sales estimate of $3.32 billion for the current quarter points to a year-over-year change of +8.3%. The $12.93 billion and $14.31 billion estimates for the current and next fiscal years indicate changes of +8.4% and +10.7%, respectively.

Last Reported Results and Surprise HistoryChipotle reported revenues of $3.09 billion in the last reported quarter, representing a year-over-year change of +7.4%. EPS of $0.24 for the same period compares with $0.29 a year ago.

Compared to the Zacks Consensus Estimate of $3.08 billion, the reported revenues represent a surprise of +0.41%. The EPS surprise was 0%.

Over the last four quarters, Chipotle surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times 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.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Chipotle is graded D 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 Chipotle. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

The investment community is showing no signs of losing interest in the artificial intelligence (AI) boom. This tech-driven trend is driving the overall market higher, even though it's been a volatile year with the Middle East conflict stoking inflation, a new Federal Reserve chair, and worries about AI disruption.

However, not all businesses have been resilient enough to ride the momentum. Investors are certainly familiar with this restaurant enterprise that has seen its shares fall 54% from their peak (as of June 17), which was reached two years ago in June 2024. It's trying to return to strong growth.

The market is clearly punishing this consumer discretionary stock. Is this the buying opportunity investors have been waiting for?

Image source: Getty Images.

Investors have been losing their appetites Chipotle Mexican Grill (CMG +2.08%) was once lauded as the gold standard in the fast-casual segment of the broader restaurant sector. In the five years leading up to its all-time high, the stock surged 368%. This was a fantastic investment opportunity.

However, the company has dealt with some negative developments in the past 24 months. Brian Niccol, the CEO credited with bringing the business back to notable success following its E. coli health crisis with stricter food standards and by leaning into digital transformation, left Chipotle in August 2024 to take the top job at Starbucks.

Shares dipped 7% on the day of the leadership announcement. The market believed that nobody could fill Niccol's shoes.

Chipotle has also been a victim of the uneven economic backdrop. The third-quarter 2025 earnings call mentioned that consumers from households that bring in less than $100,000 in annual income have tightened their spending as they've been facing pressure in this environment. The same is true for younger customers.

In the first, second, and fourth quarters of 2025, Chipotle reported declining year-over-year same-store sales. For the full year, this figure was down 1.7%. This was a surprise for the market, as the company posted same-store sales growth in the previous eight consecutive years.

In an effort to boost growth, the management team has raised its marketing spend, which totaled 3.5% of revenue in Q4 2025. This was up from a 3% share in the prior-year quarter. Profit margins have come under pressure.

Today's Change

(

2.08

%) $

0.64

Current Price

$

31.18

Reasons to be bullish After seeing the share price fall 54% in two years, it makes sense that investors would adopt a pessimistic view. However, I think there are three reasons to be bullish on Chipotle.

During Q1 2026 (ended March 31), the company surprised investors by registering a same-store sales gain of 0.5%. Wall Street analysts expected a 0.7% drop. That's a significant difference. Transaction counts were up 0.6%, indicating improving traffic trends that might be the start of positive momentum.

The growth story is another reason to be bullish. Chipotle opened 334 net new company-operated locations in 2025. It plans to open 340 to 355 (excluding international partner-operating restaurants) in 2026. The leadership team still believes that the business can one day operate 7,000 restaurants in North America, up from nearly 4,100 company-owned stores as of March 31.

A bigger store footprint, combined with the potential for annual unit sales volumes to rise, should lead to higher profits five or 10 years from now.

Of course, due to the stock's massive decline, the valuation has become more attractive. Investors can buy this stock at a price-to-earnings ratio of 29.2. This is about as cheap as Chipotle shares have been in the past five years.

Chipotle continues to navigate a difficult operating environment, and the market is showing that it's losing confidence. But this is a great opportunity for patient investors to buy an industry-leading business while it's on the dip.

, /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2026 earnings guidance in the range of $3.51 to $3.55 per diluted share. Comparatively, the company's sequential first quarter 2026 earnings were $2.78 per diluted share, and prior year second quarter earnings were $2.01 per diluted share.

Estimated second quarter earnings have been reduced by $16 million, as a result of asset write-downs related to the decision to relocate the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi, as differences with Arizona state officials risked the construction and operations of the facility.  

Second quarter 2026 profitability from the company's steel operations is expected to be meaningfully higher than first quarter results, driven by strong demand and metal margin expansion across the platform, as average realized selling values increased more than scrap raw material costs. Order activity remains strong, supported by underlying demand and persistently low steel inventories, which continue to support favorable pricing conditions. Demand across key end markets remains solid, with non-residential construction, energy, automotive, and industrial sectors leading performance.

Second quarter 2026 earnings from the company's metals recycling operations are expected to be similar to sequential first quarter results, as increased ferrous and non-ferrous shipments are expected to be offset by expected nonferrous unrealized hedging losses.  

Second quarter 2026 earnings from the company's steel fabrication operations are expected to be incrementally below sequential first quarter results, as the benefit from stronger shipments combined with steady pricing is offset by higher steel raw material input costs. Customer order activity has remained strong, continuing the momentum beginning at the end of 2025. The order backlog is now nearly 40% higher than a year ago and extends through the end of the year and into 2027. Current demand is being supported by commercial construction, data center and warehouse buildouts, manufacturing, and healthcare end markets. The company expects further volume improvement throughout the year and into 2027, supported by domestic manufacturing investment, U.S. infrastructure investment, other stimulus programs, and ongoing onshoring activity.

Second quarter 2026 earnings from the company's aluminum operations are expected to improve significantly compared to first quarter sequential results, based on increased shipments and higher realized pricing. The aluminum team continues to make strong progress on the commissioning and startup of the company's aluminum flat rolled products mill in Columbus, Mississippi. Two of the three cold mills are now operational, and the third cold mill is expected to begin qualifying material in July. Additionally, the first of two Continuous Annealing and Solution Heat (CASH) lines, which support the production of finished automotive products, is operating and shipping material for customer qualification. The second CASH line is also expected to begin material qualifications in the fourth quarter 2026.

The company has repurchased $170 million, or one half of one percent, of its common stock so far during the second quarter 2026. 

The company currently plans to release its second quarter 2026 earnings after the market closes on July 20, 2026, and will hold a conference call the next day at 11:00 a.m. Eastern Daylight Time to discuss the company's performance. 

About Steel Dynamics, Inc.

Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also has aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

Forward-Looking Statements

This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.

More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings."

SOURCE Steel Dynamics, Inc.

Key Takeaways STLD expects Q2 EPS of $3.51-$3.55, up from Q1 and year-ago levels on stronger steel profits. Steel Dynamics sees robust demand and rising metal margins lifting steel operations' earnings. STLD's aluminum segment earnings are projected to improve on higher shipments and prices. Steel Dynamics, Inc. (STLD - Free Report) expects second-quarter 2026 earnings of $3.51 to $3.55 per share. This reflects an increase from $2.78 in the first quarter and $2.01 a year earlier, driven by significantly stronger anticipated profitability in its steel operations amid robust demand and expanding metal margins. 

Second-quarter results include an estimated $16 million asset write-down tied to the relocation of the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, MI, after issues with Arizona state officials created risks for the project's construction and operations. 

Steel operations are expected to post higher earnings meaningfully as rising selling prices outpaced scrap raw material costs. Demand remains strong across non-residential construction, energy, automotive and industrial markets, supported by low steel inventories and favorable pricing conditions. 

Earnings from metals recycling operations are projected to be in line with the first quarter, as higher ferrous and non-ferrous shipments are expected to be offset by unrealized hedging losses. Steel fabrication earnings are expected to be lower sequentially due to higher steel input costs despite stronger shipments and steady pricing. The fabrication backlog has risen nearly 40% from a year ago and extends into 2027. 

The aluminum segment is expected to deliver significantly improved earnings on higher shipments and stronger pricing. Steel Dynamics continues to advance the startup of its aluminum flat-rolled mill in Columbus, with two of three cold mills now operational. The first of two Continuous Annealing and Solution Heat (CASH) lines is already shipping material for customer qualification. 

During the second quarter, the company repurchased $170 million of its common stock. Steel Dynamics plans to report second-quarter 2026 results after market close on July 20. 

Shares of STLD are up 98.5% in the past year compared with the industry’s 93.4% rise. 

Image Source: Zacks Investment Research

STLD’s Zacks Rank & Key PicksSTLD carries a Zacks Rank of #3 (Hold). 

Some better-ranked stocks in the Basic Materials space are Nucor Corporation (NUE - Free Report) , L.B. Foster Company (FSTR - Free Report) and Albemarle Corporation (ALB - Free Report) . NUE, FSTR and ALB carry a Zacks Rank of #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. 

The Zacks Consensus Estimate for NUE’s current-year earnings stands at $15.71 per share, implying a 103.8% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%. 

The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, with the average surprise being 3.62%.

The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $12.39 per share, indicating a 1,668.4% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%.

Key Takeaways NDAQ is benefiting from growth in Index, Data, Workflow & Insights and Anti-Financial Crime businesses. Cross-selling and acquisitions are broadening solutions, growing customer retention and revenue visibility. Strong cash flow and a healthy balance sheet support dividends, buybacks and future growth initiatives. Shares of Nasdaq, Inc. (NDAQ - Free Report) have gained 3.4% over the past year, outperforming the industry's 11.7% decline.

Arch Capital has outperformed its peers, including Intercontinental Exchange Inc. (ICE - Free Report) , CME Group Inc. (CME - Free Report) and OTC Markets Group Inc. (OTCM - Free Report) . Shares of ICE, CME and OTCM have lost 21.4%, 3.9% and 2.8%, respectively, in the past year.

Image Source: Zacks Investment Research

With a market capitalization of $50.49 billion, the average volume of shares traded in the last three months was 3.1 million. NDAQ has a solid track record of beating earnings estimates in each of the last four quarters, with an average of 4.93%.

NDAQ Shares are OvervaluedNasdaq shares are trading at a discount to the Zacks Securities and Exchange industry. Its forward price-to-earnings of 21.89X is higher than the industry average of 19.84X.

NDAQ’s Growth Projection EncouragesThe Zacks Consensus Estimate for Nasdaq’s 2026 earnings per share indicates a year-over-year increase of 10.9%. The consensus estimate for revenues is pegged at $5.76 billion, implying a year-over-year improvement of 9.7%.

The consensus estimate for 2027 earnings per share and revenues indicates an increase of 12% and 7.6%, respectively, from the corresponding 2026 estimates.

The long-term earnings growth is expected to be 13%, better than the industry average of 12.2%.

Optimist Analyst Sentiment on NDAQNine of the 12 analysts covering the stock have raised estimates for 2026 and 2027 over the past 60 days. Thus, the Zacks Consensus Estimate for 2025 and 2026 earnings has moved up 0.7% and 0.7%, respectively, in the past 60 days.

Average Target Price for NDAQ Suggests UpsideBased on short-term price targets offered by 17 analysts, the Zacks average price target is $109.24 per share. The average suggests a potential 19.99% upside from the last closing price.

Nasdaq’s Favorable Return on CapitalReturn on equity in the trailing 12 months was 17.5%, better than the industry average of 16%. This highlights the company’s efficiency in utilizing shareholders’ funds.

Also, the return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame, reflecting NDAQ’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.9%, better than the industry average of 6.6%.

Key Points to Note for NDAQ StockNasdaq’s organic growth has also been aided by its strategy of accelerating its non-trading revenue base, which includes Trading Services and Marketplace Technology businesses, Data & Listing Services, Index and Workflow & Insights businesses and Anti-Financial Crime business, thereby infusing dynamism into its business profile.

Growth in non-trading segments was driven by higher Index revenues, demand for IR and ESG solutions, steady analytics solutions sales to asset managers and increasing recurring data revenues. Anti-Financial Crime revenues should continue to gain from solid demand for fraud detection and anti-money laundering solutions, as well as the SaaS-based surveillance solutions.

Nasdaq focuses on cross-selling multiple products to existing clients and integrating acquisitions to broaden its solutions portfolio, thereby increasing customer stickiness and revenue visibility.

Nasdaq has grown meaningfully over the years through a number of strategic expansions. These acquisitions have helped the company gain direct access to the Canadian equities market, expand its technology offering and improve its market surveillance techniques.

Nasdaq boasts a healthy balance sheet and cash position, along with modest operating cash flow from its diverse business model. A healthy balance sheet ensures the distribution of wealth to shareholders in the form of dividend hikes and share repurchases.

ConclusionNasdaq is set to grow on impressive organic growth, an increasing on-trading revenue base and strategic buyouts to capitalize on market opportunities. The company’s focus on Market Technology and Information Services businesses helps explore vast opportunities through its developmental strategies.

NDAQ’s dividend story is impressive. Per its growth strategy, Nasdaq will bring the payout ratio of 35-38% by 2027 and resume share buybacks to offset dilution from the Adenza buyout.

Higher return on capital, favorable growth estimates and attractive valuations should continue to benefit NDAQ over the long term.

It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

June 17, 2026 16:45 ET  | Source: Nasdaq, Inc.

NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Smart Digital Group Limited (Nasdaq: SDM) that its securities will be delisted from the Nasdaq Stock Market LLC on June 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market. 

Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/enforcement-litigation/trading-suspensions/34-104112-ts) Nasdaq halted trading in the Company’s ordinary shares on October 11, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.

For news and additional information about the company, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.  

On June 17, 2026, Nasdaq Inc NDAQ shares fell 6.7% to a current price of $83.29. This decline comes amidst a challenging performance period, with the stock experiencing a YTD decrease of 13.7% and a 52-week range between $77.09 and $101.79.

GF Value™ verdict: The current price is 6.6% above the GF Value™ estimate of $78.12, indicating it is overvalued.GF Score™: With a score of 91/100, Nasdaq Inc is considered strong, suggesting potential for long-term growth.Most notable signal: Insider activity shows a net sale of $7.8M in the last three months, with insiders selling $12.7M and buying $4.9M. Is NDAQ Overvalued or Undervalued? Based on the current price of $83.29 and the GF Value™ estimate of $78.12, Nasdaq Inc is classified as overvalued by approximately 6.6%. This overvaluation indicates a lack of margin of safety for potential investors, as the stock is trading above its intrinsic value. The GF Valuation label categorizes it as fairly valued, which suggests that the market may not have fully recognized the risks associated with its current price relative to its intrinsic value.

Being overvalued poses a risk, particularly in a volatile market environment, where price corrections can occur. Investors may want to exercise caution and consider the implications of this overvaluation when making investment decisions.

How Does NDAQ's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 25.1x 28.0x Forward P/E 21.2x - The current P/E (TTM) of 25.1x is below its 5-year median P/E of 28.0x, suggesting that the stock is trading at a discount compared to its historical valuation metrics. This P/E analysis aligns with the GF Value™ verdict that indicates overvaluation, as the lower relative P/E may imply that the stock is not as attractive at its current price.

What Does NDAQ's GF Score™ Tell Us? Metric Rating GF Score™ 91 Financial Strength 6/10 Profitability 9/10 Growth 9/10 Valuation 6/10 Momentum 7/10 The GF Score™ of 91 demonstrates that Nasdaq Inc is strong across multiple dimensions, particularly in profitability and growth, where it received scores of 9/10. However, its financial strength score of 6/10 suggests there are some areas for improvement. The valuation score of 6/10 aligns with the overvaluation indicated by the GF Value™, implying that while the company has strong profit margins and growth potential, its current pricing may not reflect its financial health accurately.

What Are Insiders Doing with NDAQ Stock? In the past three months, insider activity in Nasdaq Inc has shown a net sale of $7.8 million, with insiders selling $12.7 million worth of stock while only buying $4.9 million. This pattern of selling may indicate that insiders have concerns regarding the stock's current valuation or future performance. Typically, significant selling by insiders can serve as a cautionary signal for investors, as it may reflect their expectations of future stock performance.

What This Means for Investors Based on the GF Value™, Nasdaq Inc is currently overvalued. Given the current price of $83.29 compared to the GF Value™ of $78.12, there may be limited upside potential in the short term. Investors might want to analyze market conditions and insider activity further before making any commitments.

For the complete analysis, visit the Nasdaq Inc NDAQ stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is NDAQ's GF Score™?

NDAQ has a GF Score™ of 91, indicating a strong performance across key metrics that can lead to higher long-term returns.

Is NDAQ overvalued or undervalued?

NDAQ is currently overvalued, with a GF Value™ estimate of $78.12 compared to the current price of $83.29.

What is NDAQ's P/E ratio?

NDAQ has a P/E ratio of 25.1x (TTM), which is below its 5-year median of 28.0x, suggesting it may be trading at a discount relative to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

June 18, 2026 10:43 ET  | Source: Nasdaq, Inc.

NEW YORK, June 18, 2026 (GLOBE NEWSWIRE) -- In a release issued under the same headline on June 17, 2026 by Nasdaq, Inc. (Nasdaq: NDAQ), please note that the link to the Trading Suspension by the U.S. Securities and Exchange Commission was replaced. The corrected release follows: 

The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified QMMM Holdings Limited (Nasdaq: QMMM) that its securities will be delisted from the Nasdaq Stock Market LLC on June 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market. 

Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/enforcement-litigation/trading-suspensions/34-104113-ts) Nasdaq halted trading in the Company’s ordinary shares on October 11, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.

For news and additional information about the company, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.  

June 22, 2026 17:02 ET  | Source: Wilco 63 Corporation

New York, NY, June 22, 2026 (GLOBE NEWSWIRE) -- Wilco 63 Corporation (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on June 18, 2026 on The Nasdaq Global Stock Market LLC (“Nasdaq”) under the ticker symbol “WLCOU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “WLCO” and “WLCOW,” respectively. Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $230,000,000 (or $10.00 per unit sold in the offering) was placed in trust.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on technology-enabled businesses operating within sectors undergoing structural transformation driven by artificial intelligence, automation, robotics, advanced analytics, sensor fusion, cloud intelligence, and human-in-the-loop remote operations.

Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 17, 2026. The offering has been made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022; Email: [email protected]. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” including with respect to the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov.The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

Wilco 63 Corporation

Matt Brown
[email protected]
(805) 328-3529
https://Wilco63.ai

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

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Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

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Stock to Watch: PBF Energy (PBF - Free Report) PBF Energy Inc. is a leading independent refiner of crude oil based in Parsippany, New Jersey. Through six oil refineries and associated infrastructure in the United States, the company produces unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. The refineries can collectively process about 1,000,000 barrels of crude oil per day.

PBF is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 4.85; value investors should take notice.

Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $3.55 to $7.69 per share. PBF boasts an average earnings surprise of +113.3%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, PBF should be on investors' short list.

CHICAGO, June 17, 2026 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced its longest-serving Chairman and Chief Executive Officer Terry Duffy will transition to Executive Chairman on March 1, 2027. Lynne Fitzpatrick, currently President and Chief Financial Officer, will be named Chief Executive Officer and will join the CME Group Board of Directors at that time.

Duffy, will hand the reins to Fitzpatrick, currently president and chief financial officer, on March 1, 2027.

The succession will mark the end of an era for the derivatives exchange, which transformed under Duffy's long run.

Outgoing CME Group CEO Terrence Duffy said on CNBC's "Fast Money" on Wednesday afternoon that the exchange operator will sue the Commodity Futures Trading Commission over the agency's move to approve perpetual futures.

The CFTC approved prediction market platform Kalshi in late May to begin offering bitcoin perpetual futures, or "perps." These are futures contracts that have no expiration date but allow traders to speculate on a price without owning the underlying asset. This approval marked the first time that the asset class, already popular overseas, was allowed in the U.S. Kalshi has since expanded its perps offerings to include other cryptocurrencies.

Duffy asserted that perpetual futures are actually swaps under the Dodd-Frank Act. He said this will be the basis of the CME's lawsuit, which will be filed on Thursday.

"We have an exclusive license with every single provider of the benchmarks. So all of these would have to go through CME regardless of the perpetual," Duffy said on "Fast Money."

"They would have to list them as swaps, if that's the way that it came out," he added.

watch now

Duffy, who will be stepping down as CEO in March 2027, added that he'd been working on this plan with his board for the past eight months, and that he was "always up for a good battle."

"I've never shied away from one, and I won't shy away from this," he said. "I'm prepared, and I will be prepared to go through this. And that's why I wanted to announce on your show that we will be filing this litigation tomorrow, because we are not taking this lightly."

The CFTC did not immediately respond to a phone call seeking comment.

Earlier this week, CFTC chair Michael Selig defended his agency's decision to approve perpetual futures domestically in an appearance on CNBC's "Fast Money."

"It's time to approve regulated futures contracts that have no expiration date," he said. "We're going to make sure the product's available, but it's well regulated here in the U.S."

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.