Market Signal Briefing

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Crypto is moving through the week without major drama but with enough spikes and flushes to remind traders that leverage never sleeps. The whole market is sitting at around $4.52 trillion in capitalization, Bitcoin is at $121,800, Ethereum is around $4,336 and both of them have been stuck in short ranges after yesterday’s wide swings. 

The driver that still carries weight is the spot ETF flow, because every day money is coming in, and Wednesday was no different: Bitcoin funds gained $440.7 million, Ethereum added another $69 million, and that keeps pushing a bid underneath the market even while short-term traders keep getting "rekt."

On the macro side, nothing new appeared that could scare investors. The shutdown in the United States is still there, but traders learned to treat it as a plus rather than minus because less news means fewer surprises, and the Fed minutes showed once again they are ready to keep lowering rates.

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The only unusual thing on the horizon is Friday’s Nobel Peace Prize announcement, which may not look like a direct market event, but at a time when any geopolitical headline can influence oil, energy or currencies, traders should keep an eye on it just in case.

Bitcoin price stuck at $121,800 after failed all-time high breakoutBitcoin is trading at $121,841 after a failed attempt to hold higher levels yesterday. The numbers from derivatives add more detail: in the past 24 hours, Bitcoin had $64.8 million worth of long positions liquidated and $64.5 million in shorts, almost equal, which shows how balanced the battle has been. 

Source: CoinGlassBut if you zoom in to the last 12 hours across the whole market the picture changes, bulls took most of the pain, with $301.9 million in long liquidations against $55.4 million in shorts, which basically tells the story of yesterday’s dump. 

For today, the key point is still $121,100, if that level cracks the chart opens a slide to $119,800, while on the upside, only a break through $122,800 would clear the way back to $124,500.

Figure of the day: Ripple CEO calls $1 trillion stablecoin eraRipple’s chief executive Brad Garlinghouse was the headline speaker at Pantera Capital’s Blockchain Summit 2025 in New York, where he said straight out that "this represents the future re-wiring of the financial system."

The timing of his words fits with the report from Standard Chartered that predicted as much as $1 trillion could move out of banks into emerging markets and flow into dollar-backed stablecoins in the next three years. Ripple’s RLUSD token is being built exactly for that flow, so his remark was not a random soundbite but a signal of where the company wants to stand.

Chart of the day: Shiba Inu (SHIB) faces key 2025 floor testShiba Inu (SHIB) is now at $0.00001199 and holding only a thin line above support. The token failed multiple times near $0.0000123 and is now right at the level that U.Today highlighted earlier as critical; if $0.0000120 does not hold, the next zones are $0.0000115 and $0.0000105, which would erase all of 2024’s gains and effectively mark the token’s bottom for 2025.

Technical signals give no comfort. The price was rejected from the 100 EMA and 200 EMA, and the RSI is parked around 45, which is not low enough to give oversold relief, and volume shows selling is still dominant while bullish participation keeps shrinking. 

SHIB/USD by TradingViewOn the liquidation side, the token saw $11.3 million in long positions wiped against $4.7 million in shorts on the last day, which means that, once again, speculators trying to catch a bounce are paying the bill. 

Unless buyers show up, the market will likely treat SHIB as a coin that already played its hype cycle.

Evening outlookBitcoin (BTC): Holding $121,100-$121,200 is the key point. If broken, the next stop is 119,800. Resistance is at $122,800-$123,800. Total liquidations in the past day: about $129 million.Ethereum (ETH): Trading at $4,336 after a 3% drop. Watch $3,180 as the next strong support, resistance at $3,320-$3,400. ETF inflows yesterday were $69 million, long liquidations $122 million.XRP: Price at $2.80, but risk extends to $2.64, which is the 200-day moving average. Longs worth $11.8 million liquidated yesterday.Solana (SOL): Quoting $221.7, still above the $220 handle. Support at $218, resistance around $225. Long liquidations about $17.2 million.Shiba Inu (SHIB): The pivot remains at $0.0000120, with downside to $0.0000115 and 0.0000105. Longs liquidated $11.3 million in the past day.Macro: Friday’s Nobel Peace Prize announcement stands out as a headline risk event that markets will follow for potential knock-on effects.

If you are looking for high yields in the energy patch, these industry bellwethers have proven their yields can survive oil price volatility.

There's a complex problem to solve when it comes to the energy sector and investing. Energy is vital, and there should probably be some exposure included in all diversified portfolios.

But energy prices tend to be volatile, with energy stocks often following along for the ride. If you are a dividend investor, however, there are two options for dealing with the volatility conundrum while still collecting a large and reliable income stream: Chevron (CVX -0.68%) and Enterprise Products Partners (EPD -0.17%).

Chevron does it all -- while paying a reliable dividend
Chevron is what is known as an integrated energy company. That means it produces oil and natural gas in the upstream. It transports oil and natural gas in the midstream. And it processes oil and natural in the downstream, where it makes chemicals and refines the commodities into things like gasoline. Each segment of the industry operates differently through the energy cycle.

Image source: Getty Images.

That's important because when oil prices are weak, earnings in the upstream will suffer. But the downstream uses oil as an input, so it will often see a benefit from low oil prices.

All in, using an integrated model helps to smooth out the peaks and valleys inherent to the energy sector. That's a key part of how Chevron has been able to increase its dividend annually for 38 consecutive years.

If you have $1,000 to invest today, you can buy around six shares of the stock and collect an attractive 4.4% dividend yield. But that's not the whole story because Chevron also happens to have one of the strongest balance sheets among its closest peer group.

With a debt-to-equity ratio of just 0.2x (good for any company), Chevron has the capacity to take on debt during energy downturns. That allows it to support its dividend and business while oil prices are weak and, when oil prices recover, it pays down the debt in preparation for the next weak patch.

Simply put, Chevron knows how to survive the energy cycle.

Enterprise sidesteps commodity risk
While even conservative investors should feel pretty comfortable owning Chevron, there's still material exposure to commodity price volatility in the business. If you want to avoid that, you should look at Enterprise Products Partners, which operates solely in the midstream segment of the broader energy sector. It owns energy infrastructure assets like pipelines, storage, processing, and transportation facilities.

What separates Enterprise's business from Chevron's business is that midstream operators are basically just toll takers within the broader energy landscape. Enterprise doesn't really care that much about the price of oil, since it gets paid the same to move oil, no matter what the commodity costs. So long as demand for energy remains strong, which it usually does, given the importance of energy to the global economy, Enterprise's cash flows will remain robust.

To put some numbers on that, investment-grade-rated Enterprise's distributable cash flow covered its distribution 1.7x over the past 12 months. The strength of the business approach is what has allowed the master limited partnership (MLP) to increase its distribution for 27 consecutive years, which is roughly how long the business has existed.

There are some tax complications to consider with MLPs, including Schedule K-1 tax forms come tax time. But the lofty 6.9% distribution yield will likely be ample compensation for the extra work for conservative investors looking to add some energy into their portfolio mix. A $1,000 investment will allow you to buy roughly 31 MLP units.

Buy and hold Chevron and Enterprise
The really big story with Chevron and Enterprise, however, is that you can buy them and comfortably hold through the energy price volatility that will occur over time. That's the key to the story with these two industry-leading and financially strong high-yield investments. If you are a long-term dividend investor, they could fill an important void in your portfolio if you have been fearful of adding direct energy investments to the mix.

Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.

Beleaguered wind farm operator Orsted announced Thursday that it intends to cut up to 2,000 jobs toward the end of 2027, in a bid to become more competitive and refocus its efforts on Europe.

The company has faced headwinds this year as President Donald Trump's administration clamped down on wind power generation in the United States.

Orsted's shares were 1% higher in early European trade on Thursday.

This is a developing story. Please refresh for updates.

If investors expect debasement, it is very odd that the bond market's best guess at long-run inflation is basically unchanged.

A Tesla Model 3 vehicle drives using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab

CompaniesWASHINGTON, Oct 9 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla vehicles equipped with its Full Self-Driving system over traffic-safety violations after a series of crashes.

The auto safety agency said FSD - an assistance system that requires drivers to pay attention and intervene if needed - has "induced vehicle behavior that violated traffic safety laws".

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The agency said it has reports of Tesla vehicles driving through red traffic lights and driving against the proper direction of travel during a lane change, while using the system.

RECALL COULD FOLLOW IF NHTSA FINDS SAFETY RISKSNHTSA said it has six reports in which a Tesla vehicle, operating with FSD engaged, "approached an intersection with a red traffic signal, continued to travel into the intersection against the red light and was subsequently involved in a crash with other motor vehicles in the intersection."

NHTSA said four crashes resulted in one or more injuries.

Tesla did not immediately respond to a request for comment.

The investigation - a preliminary evaluation - is the first step before the agency could seek a recall of the vehicles if it believes they pose an unreasonable risk to safety.

NHTSA said it has identified 18 complaints and one media report alleging that Tesla vehicles, operating at an intersection with FSD engaged "failed to remain stopped for the duration of a red traffic signal, failed to stop fully, or failed to accurately detect and display the correct traffic signal state in the vehicle interface."

Some complainants said FSD "did not provide warnings of the system's intended behavior as the vehicle was approaching a red traffic signal."

Tesla's FSD, which is more advanced than its Autopilot system, has been under investigation by NHTSA for a year.

In October 2024, the agency began an inquiry into 2.4 million Tesla vehicles equipped with FSD after four reported collisions in conditions of reduced roadway visibility, such as sun glare, fog or airborne dust, including a 2023 fatal crash.

Reporting by David Shepardson. Editing by Sharon Singleton and Mark Potter

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ArcBest (NASDAQ:ARCB) is currently in Phase 9 of its 18-phase Adhishthana cycle on the weekly charts, navigating bearish phases across both weekly and monthly timeframes. Here's how the stock's structure looks under the lens of the Adhishthana Principles, and why investors should stay cautious.

ArcBest Cakra Formation & Arc Breakdown ArcBest has maintained a fairly strong alignment with the Adhishthana Principles, moving almost textbook-like through its early phases.

According to the framework, stocks typically form a Cakra structure between Phases 4-8, a channel-like setup with an arc that usually carries bullish implications. A clean breakout in Phase 9 kicks off the Himalayan Formation, marking a powerful bullish move.

ArcBest began forming its Cakra in April 2022, trading within its "arc" until Phase 6, when its outlook changed. Instead of respecting its arc, the stock broke the Cakra on the flip side, triggering what the Principles call the Move of Pralaya, a bearish breakdown that often leads to extended underperformance.

Fig.1 ArcBest Stock Cakra Breakdown (Source: Adhishthana.com)As I stated in Adhishthana: The Principles That Govern Wealth, Time & Tragedy:

"When the underlying breaks the Cakra on the flip side, consolidation typically extends into the Guna Triads. The move that follows is highly significant, and selling pressure can be extremely strong. This is called the Move of Pralaya."

True to form, ArcBest tumbled nearly 55%, and based on its Adhishthana structure, this weakness could persist until the stock enters its Guna Triads (Phases 14, 15, and 16), which determine the potential for Nirvana (the peak of the cycle in Phase 18). Those phases, however, don't begin until 2029, suggesting the stock may remain sluggish for quite some time.

The Descent Leg in Play: Monthly Chart OutlookOn the monthly chart, ArcBest's structure tells the other half of the story, and explains why the stock's strong bullish run in early 2024 reversed so sharply.

Fig.2 ArcBest Stock Monthly Chart (Source: Adhishthana.com) The stock entered its Phase 4 back in 2005, carefully respecting its Cakra throughout Phases 4–8 before finally breaking out in Phase 9. What followed was a textbook Phase 9 rally: the stock surged nearly 380%.

As outlined in the Principles, the Himalayan formation consists of three legs; an ascent (Phase 9), a peak (Phase 10), and a descent (Phase 11). ArcBest followed this pattern with great precision. After rallying in Phase 9, the stock made a peak near $153.60 in its Phase 10 before beginning its descent leg, which explains the current weakness.

Investor OutlookArcBest's structure across both timeframes: a Cakra breakdown on the weekly and a descent phase on the monthly, clearly reinforces the bearish setup under the Adhishthana framework.

While short-term rallies may occur, they are unlikely to sustain for long. With the Move of Pralaya active and the stock deep in its descent leg, the overall trend remains bearish. Investors might want to stay cautious for now, as ArcBest seems to have more sluggishness before its next major cycle reset. 

While ArcBest respected its arc on the monthly chart, its weekly arc probably wasn't the best.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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U.S. stock futures fell on Thursday following Wednesday’s mixed close. Futures of major benchmark indices were lower.

The AI frenzy is still in full swing. Advanced Micro Devices Inc. (NASDAQ:AMD) surged over 11%, while Micron Technology Inc. (NASDAQ:MU) gained around 6% on Wednesday.

Meanwhile, the Fed minutes released on Wednesdays showed that President Donald Trump‘s trade tariffs continue to weigh on the outlook for growth and inflation, raising concerns over how long the Federal Reserve can stick with its planned cycle of interest rate cuts.

Additionally, Trump announced on Wednesday that both Israel and Hamas have agreed to the initial phase of a peace plan.

The 10-year Treasury bond yielded 4.13% and the two-year bond was at 3.59%. The CME Group's FedWatch tool‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.

FuturesChange (+/-)Dow Jones-0.02%S&P 500-0.07%Nasdaq 100-0.13%Russell 2000-0.32%The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday. The SPY was down 0.040% at $673.11, while the QQQ declined 0.10% to $610.82, according to Benzinga Pro data.

Stocks In FocusPepsiCo
PepsiCo Inc. (NASDAQ:PEP) was up 0.27% in premarket on Thursday, ahead of its earnings scheduled to be released before the opening bell. Analysts expect earnings of $2.26 per share on revenue of $23.83 billion.

PEP maintained a weaker price trend over the short, medium, and long terms, with a poor quality ranking, as per Benzinga’s Edge Stock Rankings. Additional performance details are available here.

Turn Therapeutics
Turn Therapeutics Inc. (NASDAQ:TTRX) surged 271.43% after the clinical-stage biotechnology company commenced trading on the Nasdaq Capital Market on Wednesday.

Benzinga’s Edge Stock Rankings indicate that TTRX had a stronger price trend. Additional performance details are available here.

AiRWA
AiRWA Inc. (NASDAQ:YYAI) gained 47.72% after the Maryland-based technology company rebranded itself from Connexa Sports Technologies Inc., marking a shift from sports technology to Web3 and blockchain-based financial services.

YYAI maintained a weaker price trend over the short, medium, and long terms, with a strong value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Delta Air Lines
Delta Air Lines Inc. (NYSE:DAL) was up 0.75% ahead of its earnings scheduled to be released before the opening bell. Analysts expect earnings of $1.52 per share on revenue of $15.04 billion.

Benzinga’s Edge Stock Rankings indicate that DAL maintains a stronger price trend in the long and medium terms, but a poor price trend in the short term, with a moderate value ranking. Additional performance details are available here.

Levi Strauss
Levi Strauss & Co. (NYSE:LEVI) was 0.32% higher as analysts expect it to post quarterly earnings of 31 cents per share on revenue of $1.50 billion after the closing bell.

LEVI maintained a stronger price trend over the short, medium, and long terms, with a robust growth ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Cues From Last SessionRecording the biggest gains on Wednesday, industrials, information technology, and utilities stocks led most S&P 500 sectors to a positive close, though energy and financial stocks bucked the overall market trend and ended lower.

U.S. stocks settled mostly higher, with the Nasdaq Composite surging over 1% to fresh all-time intraday and closing highs following another relentless surge in technology stocks.

IndexPerformance (+/-)ValueNasdaq Composite1.12%23,043.38S&P 5000.58%6,714.59Dow Jones-0.0026%46,601.78Russell 20001.04%2,483.99Insights From AnalystsProfessor Jeremy Siegel remains “constructive on equities,” viewing them as looking “better than long bonds on a 6-12-month horizon”.

He sees the current “market uptrend remains intact with AI capex proceeding apace”. This positive outlook is tempered by a note of caution, as he is closely watching the “tariff test” this quarter to see how consumers and companies adapt to potential price increases and demand shifts.

Meanwhile, Darshan Desai, the CEO of Aspect Bullion & Refinery, said that gold prices were easing because of a peace deal between Israel and Hamas. He said that the deal eased demand for safe-haven assets.

“However, the main driver of the decline appears to be the technically overbought conditions in the bullion following the recent surge. If we see more positive developments in the Middle East or on the trade front, further upside in gold prices could be limited as investors would continue to lock in gains. That said, any sharp correction might offer a good buying opportunity given the continuing geopolitical & economic uncertainty,” he added.

See Also: How to Trade Futures

Upcoming Economic DataHere's what investors will be keeping an eye on Thursday;

Federal Reserve Chair Jerome Powell will speak at 8:30 a.m. ET, initial jobless claims data for the week ending Oct. 4 will be delayed owing to the shutdown, and wholesale inventories data will be released at 10:00 a.m. ET.
Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at 8:35 a.m. and later at 3:45 p.m., Minneapolis Fed President Neel Kashkari and Fed Governor Michael Barr will speak at 12:45 p.m., and San Francisco Fed President Mary Daly will speak at 4:10 p.m. and later at 9:40 p.m. ET.
Commodities, Gold, Crypto And Global Equity MarketsCrude oil futures were trading higher in the early New York session by 0.32% to hover around $62.68 per barrel.

Gold Spot US Dollar fell 0.08% to hover around $4,038.31 per ounce. Its last record high stood at $4,059.34 per ounce. The U.S. Dollar Index spot was 0.12% higher at the 99.0300 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.88% lower at $121,512.96 per coin.

Asian markets closed higher on Thursday, except Hong Kong's Hang Seng index. South Korea's Kospi, China’s CSI 300, Australia's ASX 200, Japan's Nikkei 225, and India’s NIFTY 50 indices rose. European markets were mixed in early trade.

Read Next:

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Ferrari upgrades the 2025 guidance, exceeding the 2026 business plan’s profitability targets one year in advanceStrong product mix over the plan sustains total revenues of Euro ~9.0 billion and an EBITDA of at least Euro 3.6 billion in 2030Continuous innovation in products for the longer term, with cumulated capital expenditures of Euro ~4.7 billion over the plan and a significant portion dedicated to the next generation of sports carsRobust industrial free cash flow generation of Euro ~8.0 billion over the plan and improved cash conversion to more than 50%Shareholders remuneration of Euro ~7.0 billion, equally allocated to a new share repurchase program and dividends, with a pay-out increased from 35% to 40% of adjusted net profit Maranello (Italy), October 9, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today presented, at its Capital Markets Day, the profitability targets(1) for the end of the decade.

The Company is now nearing completion of its 2022–2026 business plan in full alignment with the commitments made. Indeed, Ferrari upgrades the 2025 guidance, exceeding its 2026 profitability targets one year in advance.

In the 2030 Strategic Plan, Ferrari targets to achieve net revenues of Euro ~9.0 billion, with a compounded annual growth rate of ~5%, largely driven by Sports cars and other car-related activities, sustained by the visibility granted by the order book. Such increase in revenues is driven by the enrichment of the product mix, along with personalizations. Revenues from Racing and Lifestyle are also projected to positively contribute to the Company’s performance.

EBIT to reach at least Euro 2.75 billion in 2030, with a margin of at least 30%, driven by the strong product mix, including limited-edition models, the enriched product range as well as personalizations. Volume is projected to positively contribute, although at a lesser extent. Industrial costs and R&D will grow mainly due to depreciation and amortization linked to products and infrastructure developed, racing activities and sports cars research expenses. SG&A will increase in line with revenues evolution, reflecting communication and marketing activities, lifestyle and the organizational development.

As a result, in 2030 the Company targets an EBITDA of at least Euro 3.6 billion, with an EBITDA margin of at least 40%. Such strong profitability translates into a remarkable industrial free cash flow generation and an improved cash conversion at above 50%. Indeed, Ferrari aims to generate a cumulated industrial free cash flow of Euro ~8.0 billion over the 2026-2030 period, mostly sustained by the growing profitability, partially offset by cumulated capital expenditures of Euro ~4.7 billion and other operating changes.

Ferrari today publishes the following financial targets:

(€B, unless otherwise stated)

2024

PREVIOUS
2025
GUIDANCE

REVISED UPWARD 2025
GUIDANCE

2030

GUIDANCE(2)

NET REVENUES

6.7

>7.0

≥7.1

~9.0

ADJ. EBITDA (margin %)

2.56
38.3%

≥2.68
≥38.3%

≥2.72
≥38.3%

≥3.60
≥40.0%

ADJ. OPERATING PROFIT (EBIT) (margin %)

1.89
28.3%

≥2.03
≥29.0%

≥2.06
≥29.0%

≥2.75
≥30.0%

ADJ. DILUTED EPS (€)

8.46(3)

≥8.60(3)

≥8.80(4)

≥11.50(4)

INDUSTRIAL FCF

1.03

≥1.20

≥1.30

~8.00
cumulated 2026-2030

The Company decided to proceed with a higher shareholder reward, resulting in the proposal to:

increase the dividend pay-out to 40% of adjusted net profit starting from the 2025 annual results, leading to a cumulated dividend distribution of Euro ~3.5 billion from 2027 to 2031, andstart a new share repurchase program of Euro ~3.5 billion to be executed from 2026 to the end of the plan, in line with the progress of industrial free cash flow generation. Ferrari

Ferrari is one of the world’s leading luxury brands, active in racing, sports cars and lifestyle. In each of these areas, the Prancing Horse symbolises exclusivity, innovation, and cutting-edge sporting performance. Ferrari’s heritage and image worldwide are closely connected to Scuderia Ferrari, the most successful team in Formula 1 history. Since 1950, the year the World Championship started, Scuderia Ferrari has won 16 Manufacturers’ titles and 15 Drivers’ titles. From its headquarters in Maranello, Italy, Ferrari designs, engineers, and produces some of the world’s most iconic and recognisable luxury sports cars, sold in over 60 markets globally. In lifestyle, Ferrari designs and creates a range of personal luxury goods, collectables, and experiences that exemplify the brand’s refined style and passion.

Forward Looking Statements

This document contains forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “continue”, “on track”, “successful”, “grow”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, “guidance” and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Ferrari Group’s (hereinafter, the “Group”) current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: the Group’s ability to preserve and enhance the value of the Ferrari brand; the Group’s ability to attract and retain qualified personnel; the success of the Group’s racing activities; the Group’s ability to keep up with advances in high performance car technology, to meet the challenges and costs of integrating advanced technologies, including electric, more broadly into its car portfolio over time and to make appealing designs for its new models; the impact of increasingly stringent fuel economy, emissions and safety standards; the potential advent of self-driving technology; increases in costs, disruptions of supply or shortages of components and raw materials; the Group’s ability to successfully carry out its low volume and controlled growth strategy, while increasing its presence in growth market countries; changes in general economic conditions (including changes in the markets in which the Group operates) and changes in demand for luxury goods, including high performance luxury cars, which is highly volatile; macro events, pandemics and conflicts, including the ongoing conflicts in Ukraine and the Middle East region, and the related issues potentially impacting sourcing and transportation; trading policies and tariffs; competition in the luxury performance automobile industry; changes in client preferences and automotive trends; the Group’s ability to preserve the value of its cars over time and its relationship with the automobile collector and enthusiast community; disruptions at the Group’s manufacturing facilities in Maranello and Modena; climate change and other environmental impacts, as well as an increased focus of regulators and stakeholders on environmental matters; the Group’s ability to maintain the functional and efficient operation of its information technology systems and to defend from the risk of cyberattacks; the ability of its current management team to operate and manage effectively and the reliance upon a number of key members of executive management and employees; the performance of the Group’s dealer network on which the Group depends for sales and services; product warranties, product recalls and liability claims; the sponsorship and commercial revenues and expenses of the Group’s racing activities, as well as the popularity of motor sports more broadly; the performance of the Group’s lifestyle activities; the Group’s ability to protect its intellectual property rights and to avoid infringing on the intellectual property rights of others; the Group’s continued compliance with customs regulations of various jurisdictions; labor relations and collective bargaining agreements; the Group’s ability to ensure that its employees, agents and representatives comply with applicable law and regulations; changes in tax or fiscal policies and regulatory, political and labor conditions in the jurisdictions in which the Group operates; the Group’s ability to service and refinance its debt; exchange rate fluctuations, interest rate changes, credit risk and other market risks; the Group’s ability to provide or arrange for adequate access to financing for its clients and dealers, and associated risks; the adequacy of its insurance coverage to protect the Group against potential losses; potential conflicts of interest due to director and officer overlaps with the Group’s largest shareholders; and other factors discussed elsewhere in this document.

The Group expressly disclaims and does not assume any liability in connection with any inaccuracies in any of the forward-looking statements in this document or in connection with any use by any third party of such forward-looking statements. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB.

For more information:

Press Office
Email: [email protected]

Investor Relations
Email: [email protected]
www.ferrari.com

1         Please refer to public filings for complete notes and definitions of non-GAAP financial measures
2    Based on current duties and emissions regulations
3         Calculated using the weighted average diluted number of common shares as of December 31, 2024 (179,992 thousand)
4   Calculated using the weighted average diluted number of common shares as of June 30, 2025 (178,648 thousand)

CS_CMD_2025_Finance_ENG

Item 1 of 2 Georges Elhedery, Chief Executive Officer of HSBC Holdings Plc, attends an informal shareholder meeting, in Hong Kong, China April 1, 2025. REUTERS/Tyrone Siu

[1/2]Georges Elhedery, Chief Executive Officer of HSBC Holdings Plc, attends an informal shareholder meeting, in Hong Kong, China April 1, 2025. REUTERS/Tyrone Siu Purchase Licensing Rights, opens new tab

LONDON, Oct 9 (Reuters) - HSBC

(HSBA.L), opens new tab will look at making more acquisitions in key areas, the bank's chief executive told Reuters on Thursday after the lender announced plans to buy out the remainder of Hang Seng

(0011.HK), opens new tab bank.

"We are capital generative and we have the financial strength to go out and acquire," Georges Elhedery said, noting that Hong Kong, the UK, transaction banking and wealth were its priority areas for growth.

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He added that the bank would at same time continue divesting from non-strategic areas over the next year.

Elhedery also told Reuters that while high stock market valuations were not currently a worry because of underlying economic resilience, it was "a risk we should be watching”.

Reporting by Tommy Reggiori Wilkes, Editing by Kirstin Ridley

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Steve Schmitt Appointed Executive Vice President and Chief Financial Officer
Jamie Caulfield to Retire

, /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today named Steve Schmitt Executive Vice President and Chief Financial Officer, effective November 10, 2025. Jamie Caulfield has decided to retire next year after a more than 30-year career with the company. Jamie will remain CFO until November 10, 2025, at which time he will assume an advisory role and assist with the transition through May 15, 2026.

Steve Schmitt

Schmitt joins PepsiCo from Walmart, where he currently serves as Executive Vice President and Chief Financial Officer for Walmart U.S., overseeing the finance function for Walmart's multi-billion-dollar omni-channel U.S. organization and leading the core financial activities of Walmart's largest business unit.

Schmitt joined Walmart in 2016 and served in multiple leadership positions in their e-Commerce, Club, and mass businesses. He played an important role in the transformation of Walmart into an omnichannel retailer enabled by digital transformation and led cost discipline initiatives. Previously, Schmitt held a variety of roles at Yum! Brands, where he developed deep expertise in QSR and the away-from-home business and evaluated long-term strategies for the company, including strategic opportunities to support growth. He began his career with UPS, spending more than a decade with the company.

"Steve has a strong track record of proven results and brings critical expertise that aligns with PepsiCo's growth strategy," said Ramon Laguarta, Chairman and CEO, PepsiCo. "Steve's experience working with complex supply chains, adapting to the dynamic retail landscape and omnichannel consumers, and delivering operational excellence on a large scale will be impactful at PepsiCo. He will play a crucial role as we accelerate growth, optimize our cost structure, and create greater value for our shareholders."

"I want to also thank Jamie for his more than three decades of dedicated service to PepsiCo," Laguarta said. "Jamie has played an important role in guiding our business through significant periods of change and growth and we are grateful for his contributions throughout his tenure, and I look forward to continuing to work with Jamie until his retirement next year."

About PepsiCo 

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.PepsiCo.com.

Cautionary Statement 

Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. 

Contact:

[email protected]

SOURCE PepsiCo, Inc.

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Presentation on Monday, October 20, 2025 at 12:00 PM PT
October 09, 2025 6:00 AM EDT | Source: LD Micro
Broomfield, Colorado--(Newsfile Corp. - October 9, 2025) - Aclarion, Inc. (NASDAQ: ACON) (NASDAQ: ACONW) ("Aclarion" or the "Company"), a healthcare technology company that is leveraging biomarkers and proprietary augmented intelligence (AI) algorithms to help physicians identify the location of chronic low back pain, announced today that it will be presenting at the 19th Annual Main Event on Monday, October 20, 2025 at 12:00 PM PT at the Hotel del Coronado in San Diego, CA. Jeff Thramann, Executive Chairman and Brent Ness, Chief Executive Officer will be giving the presentation.

To schedule a meeting with management, please email: [email protected].

Event: LD Micro Main Event XIX
Date: Monday, October 20, 2025
Time: 12:00 PM PT

Register to watch the virtual presentation: https://ldmicrocasts.com/#register.

Summary of LD Micro Main Event XIX

The 2025 LD Micro Main Event XIX will run from October 19th to the 21st at the Hotel del Coronado in San Diego, California.

The first day will consist of registration, keynote speakers, and some gorgeous views of the Pacific. It will be followed by two full days of company presentations and one-on-one investor meetings concluded with a closing reception.

This three-day event will feature around 120 companies, presenting in half-hour increments, and attending private meetings with investors.

About Aclarion, Inc.

Aclarion is a healthcare technology company that leverages Magnetic Resonance Spectroscopy ("MRS"), proprietary signal processing techniques, biomarkers, and augmented intelligence algorithms to optimize clinical treatments. The Company is first addressing the chronic low back pain market with Nociscan, the first, evidence-supported, SaaS platform to noninvasively help physicians distinguish between painful and nonpainful discs in the lumbar spine. Through a cloud connection, Nociscan receives magnetic resonance spectroscopy (MRS) data from an MRI machine for each lumbar disc being evaluated. In the cloud, proprietary signal processing techniques extract and quantify chemical biomarkers demonstrated to be associated with disc pain. Biomarker data is entered into proprietary algorithms to indicate if a disc may be a source of pain. When used with other diagnostic tools, Nociscan provides critical insights into the location of a patient's low back pain, giving physicians clarity to optimize treatment strategies. For more information, please visit www.aclarion.com.

About LD Micro

LD Micro is dedicated to being the definitive resource in the small-cap space. From its industry-recognized index and robust data to hosting some of the most influential events each year, LD Micro's mission is to provide unparalleled access and insight for those seeking the next generation of great companies.

To learn more about LD Micro, visit:
http://www.ldmicro.com

To learn more about Freedom US Markets LLC, visit:
https://www.freedomcapmkts.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269331

, /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of September 2025 and for the third quarter ended September 30, 2025. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.46 to US$1.00 as of September 30, 2025.

Revenue for the third quarter of 2025 was NT$6,143.7 million or US$201.7 million, representing an increase of 7.1% from the second quarter of 2025, and an increase of 1.2% from the third quarter of 2024.

Revenue for the month of September 2025 was NT$2,087.4 million or US$68.5 million, representing a decrease of 0.1% from August 2025, and an increase of 10.5% from September 2024. The Company's double-digit September revenue growth year-over-year was driven by stronger customer allocations in growth markets, and the memory industry upcycle with favorable pricing and higher volumes. While tariffs have not had a material impact year-to-date, the Company continues to monitor developments and will adjust as needed to best support customers.

Consolidated Monthly Revenues (Unaudited)

September 2025

August 2025

September 2024

MoM Change

YoY Change

Revenues

   (NT$ million)

2,087.4

2,090.3

1,888.9

-0.1 %

10.5 %

Revenues

   (US$ million)

68.5

68.6

62.0

-0.1 %

10.5 %

Consolidated Quarterly Revenues (Unaudited)

Third Quarter

2025

Second Quarter

2025

Third Quarter

2024

QoQ Change

YoY Change

Revenues

   (NT$ million)

6,143.7

5,735.8

6,068.0

7.1 %

1.2 %

Revenues

   (US$ million)

201.7

188.3

199.2

7.1 %

1.2 %

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company's most recent U.S. Securities and Exchange Commission (the "SEC") filings. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

[email protected]

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

[email protected]

SOURCE ChipMOS TECHNOLOGIES INC.

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October 09, 2025 6:00 AM EDT | Source: Happy Belly Food Group Inc.
Toronto, Ontario--(Newsfile Corp. - October 9, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce the signing of a franchise agreement and secured real estate for Cochrane, Alberta -a key market within the Company's national expansion strategy. Heal Wellness ("Heal") is a quick-service restaurant ("QSR") specializing in fresh smoothie bowls, açaí bowls, and smoothies.

Happy Belly 1

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"With opening slated for Q1 2026, Cochrane represents a prime market for Heal Wellness, with its fast-growing population, active lifestyle culture, and strong community of families and professionals who value nutritious and convenient food options," said Sean Black, Chief Executive Officer of Happy Belly. "The signing of this new franchise agreement underscores the continued confidence franchise partners have in our scalable business model and the growing nationwide demand for our wellness-driven brand."

Happy Belly 2

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Cochrane's unique demographic blend-anchored by young families, professionals, and outdoor enthusiasts-perfectly aligns with the Heal Wellness brand. As one of Alberta's fastest-growing towns, Cochrane offers an ideal balance of small-town charm and urban connectivity, attracting residents who lead active, health-focused lives. Its proximity to Calgary and the Rocky Mountains creates a dynamic market that values fresh, energizing, and wholesome dining options. This new Heal Wellness location will serve as a destination for both local residents and visitors seeking better-for-you food choices in a vibrant, fast-developing community.

Heal Wellness continues to accelerate its coast-to-coast expansion, further solidifying its growing position as Canada's leading smoothie bowl and wellness QSR brand. This latest signing highlights Happy Belly's ability to attract strong operators and execute disciplined, asset-light growth through its proven franchise system.

Heal Wellness was founded with a mission to deliver quick, fresh wellness foods that support busy, active lifestyles. The menu features a diverse range of smoothie bowls, smoothies, and super-seed grain bowls, each crafted with real fruit and enriched with superfoods such as acai, pitaya, goji berries, and chia seeds. With 27 locations currently open and over 168 in development, Heal Wellness continues to gain momentum nationwide through consistent franchise growth and strategic real estate execution.

Happy Belly Food Group now has 626 contractually committed retail franchise locations across its portfolio of emerging brands-including Heal Wellness, Rosie's Burgers, Yolks Breakfast, Via Cibo Italian Street Food, and others-in various stages of development, construction, and operation nationwide.

"We are just getting started," added Sean Black. "Our predictable and disciplined growth strategy continues to deliver measurable results as we expand our brands across Canada and create long-term value for our shareholders."

About Heal Wellness Heal Wellness was founded with a passion and mission to provide quick, fresh wellness foods that support a busy and active lifestyle. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more.

FranchisingFor franchising inquiries please see www.happybellyfg.com/franchise-with-us/ or contact us at [email protected].

About Happy Belly Food GroupHappy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Canada.

Happy Belly Food Group

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Sean Black
Chief Executive Officer

Shawn Moniz
Chief Operating Officer

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Cautionary Note Regarding Forward-Looking Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include the future performance of Happy Belly and her subsidiaries. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269774

, /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its third quarter 2025 earnings conference call on Thursday, October 30 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com where related materials will be posted prior to the presentation, and a replay of the webcast will be available.

Third Quarter Earnings Call Dial-In Access
Live Access
North America Toll Free: 1-877-443-5356
International: 1-412-902-6614
Please ask to join the "Wesco" call

Replay Access
A recording will be available until November 6, 2025.
U.S. Toll Free: 1-877-344-7529
Canada Toll Free: 855-669-9658
International Toll: 1-412-317-0088
Replay Access Code: 4265988

About Wesco
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sales in 2024 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact Information:

Investor Relations
Scott Gaffner
Senior Vice President, Investor Relations
[email protected]

Corporate Communications
Jennifer Sniderman
Vice President, Corporate Communications
[email protected]

SOURCE Wesco International

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CALGARY, AB / ACCESS Newswire / October 9, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to provide an update on Q3 2025 operations, including the results of a ten-well drilling campaign at its Nong Yao field on block G11/48 (90% operated working interest), offshore Gulf of Thailand. Key Highlights Safe ongoing operations, with oil production averaging 23.0 mbbls/d(1); Lifting of 2.16 million barrels at an average realised price of US$72.06/bbl (US$2.52/bbl premium to Brent); Cash position of US$248.3 million, plus a net crude receivable of US$36.7 million; Successful ten-well drilling campaign at block G11/48, resulting in a production increase to 24.8 mbbls/d(1,2) at quarter-end; Major offshore acreage expansion through strategic farm-in agreement in the Gulf of Thailand(3); and Progress on the Wassana field redevelopment project, with construction on schedule.

This unstoppable Vanguard ETF could supercharge the returns of any diversified portfolio.

Wall Street adopted the "Magnificent Seven" moniker in 2023 to describe a group of seven technology companies that were consistently outperforming the rest of the market. They currently dominate different segments of the artificial intelligence (AI) industry, which has accelerated their returns.

In fact, since the AI boom started gathering momentum at the beginning of 2023, the Magnificent Seven stocks have delivered a median return of 178%. The benchmark S&P 500 index gained just 74% over the same period:

NVDA data by YCharts

That means investors who don't own these powerhouse stocks have probably underperformed the broader market over the last few years, but I have some good news: There's a simple way to buy them all right now.

The Vanguard Mega Cap Growth ETF (MGK 1.06%) is an exchange-traded fund (ETF) that invests exclusively in America's largest companies, and a whopping 59.3% of the value of its entire portfolio is parked in the Magnificent Seven stocks alone. 

Image source: Getty Images.

The Magnificent Seven, with a splash of diversification
The Vanguard Mega Cap Growth ETF tracks the CRSP U.S. Mega Cap Growth Index, which covers 70% of the market capitalization of the CRSP U.S. Total Market Index. That means if we ranked all 3,508 companies in the CRSP U.S. Total Market Index by size, from the largest to the smallest, the Mega Cap Growth Index would start at the top and work its way down the list until it captured 70% of its total value.

The Vanguard ETF holds just 69 stocks, which shows the U.S. corporate sector is extremely concentrated. To put it another way, just 69 companies represent 70% of the value of all 3,508 companies listed on American stock exchanges. That leaves the remaining 3,439 companies accounting for the other 30%.

Since the Magnificent Seven stocks have a combined value of $20.7 trillion, it's no surprise they collectively have such a dominant weighting in the Vanguard ETF.

Stock

Vanguard ETF Portfolio Weighting

Nvidia

14.02%

Microsoft

13.10%

Apple

12.01%

Amazon

7.48%

Alphabet

5.02%

Meta Platforms

4.35%

Tesla

3.35%

Data source: Vanguard. Portfolio weightings are accurate as of Aug. 31, 2025, and are subject to change.

Nvidia supplies the world's most powerful graphics processing units (GPUs) for data centers, which are the main chips used in AI development. Demand is outstripping supply for the company's latest Blackwell Ultra chips, which could fuel significant revenue growth from here.

Microsoft, Amazon, and Alphabet are three of Nvidia's biggest customers. They each develop AI models and software for their own purposes, but they also operate cloud platforms where they rent data center capacity to businesses that use it to deploy their own AI projects.

Social media giant Meta Platforms is another one of Nvidia's top customers. It integrated AI into its content recommendation engine to keep users on Facebook and Instagram for longer periods of time, but it also developed the world's most popular family of open-source large language models (LLMs) called Llama, which power new features like Meta AI.

Apple launched its Apple Intelligence software last year, introducing powerful new AI features for its iPhones, iPads, and Mac computers. With 2.35 billion active devices worldwide, this company could be one of the biggest distributors of AI software to consumers. Then there is Tesla, which is a leading developer of AI-powered autonomous driving and robotics technologies.

Despite its substantial exposure to the Magnificent Seven stocks, the Vanguard ETF does offer a splash of diversification. Non-technology megacap stocks like Eli Lilly, Visa, Costco Wholesale, and McDonald's are among its top 20 holdings.

The Vanguard ETF can help investors accelerate their returns
The Vanguard Mega Cap Growth ETF has delivered a compound annual return of 13.8% since its inception in 2007, and an accelerated annual return of 18.9% over the last 10 years, specifically. However, given its high degree of portfolio concentration, investors shouldn't put all of their eggs into this ETF alone.

Instead, the fund could be an ideal addition to any diversified portfolio that has little or no exposure to the Magnificent Seven already. Let's say, for instance, an investor parked $20,000 in the Vanguard Total Stock Market ETF 10 years ago, which is arguably the most diversified fund money can buy because it holds 3,500 stocks. That $20,000 would have grown to around $78,825 today.

However, had the investor split the $20,000 by placing $10,000 in the Vanguard Total Stock Market ETF and the other $10,000 in the Vanguard Mega Cap Growth ETF, they would be sitting on $95,882 today instead.

This approach aims to ensure that investors aren't overexposed to volatile trends like AI, helping to protect them against steep losses if the technology fails to live up to expectations in the long run.

Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Nvidia, Tesla, Vanguard Total Stock Market ETF, and Visa. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

The cruise ship company recently delivered strong results, yet again.

One of the hottest growth stocks to own over the past year has been that of Carnival Corporation (CCL 0.70%). The cruise ship operator has been soaring in value and while it has dipped after reaching new 52-week highs, it's still up more than 50% in the past 12 months.

The company recently posted a fresh batch of record-breaking numbers, as demand for cruises remains robust. But with the stock taking off as of late and now trading at levels it hasn't been at since 2021, could it be due for a decline, or can it continue to rise higher given how well the business has been doing?

Image source: Getty Images.

Carnival posts an all-time high for revenue
On Sept. 29, Carnival released its third quarter numbers, for the period ended Aug. 31. Revenue totaling $8.2 billion for the period rose by a modest rate of 3% year over year, but it marked the 10th straight quarter where it reached a new record. More importantly, however, was the $1.9 billion profit it posted, which was also an all-time high for the company.

Profitability has been a concern for many cruise ship companies since the COVID-19 pandemic, which crippled their businesses and saddled them with tremendous debt. Now, however, Carnival has been delivering far more stable and consistently profitable results. It still has more than $25 billion in long-term debt on its books, but the company says it has "opportunistically refinanced over $11 billion" of it this year, as interest rates have been coming down. By refinancing debt at a lower rate, a company can decrease interest costs and help boost its earnings.

Has the stock become too expensive?
While Carnival's stock is trading at levels it hasn't seen in several years, it's still nowhere near its pre-pandemic highs. In 2019, the stock was often trading at more than $50 -- around twice the price it's at right now.

Despite its recent gains, the travel stock looks modestly priced with respect to profitability; it's trading at a price-to-earnings multiple of 15, and that falls to 12 when looking at forward earnings, which are based on analyst projections. Investors still aren't pricing the stock as highly as they could be, and that's likely due to its high debt load and the economic uncertainty ahead.

However, Carnival says that nearly half of 2026 is already booked, which is in line with how it did a year ago, indicating that demand remains strong. Cruises are often seen as cheaper travel options for people who want to take a vacation but who don't want to spend a lot on flights, hotels, and car rentals. They can often be simpler and more budget-friendly options. And that appears to be evident, with Carnival still showing some good growth.

Carnival's stock still has more room to run
Although Carnival has experienced a massive surge in value recently, the stock has taken a beating since the pandemic that it still hasn't recovered from. While the company's debt load is high, I think many investors are overly concerned with the business as it's shown that it is on a much more positive trajectory. It has reported a positive operating profit in each of the past four quarters, and it's been hitting record numbers along the way.

This is not as risky of a stock as it was a couple of years ago, and even if consumers cut back on discretionary spending, attractively priced cruise options from Carnival could ensure that demand remains strong for the business for the foreseeable future. While its growth rate may not be terribly high right now, the stock's low valuation and much-improved bottom line makes Carnival a compelling investment to load up on today.

David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.

Investors still can find stock market bargains in tech if they know where to look.

As market observers know, the Nasdaq Composite index and the S&P 500 index are hovering at or near all-time highs. While that is typically good news for investors, it can also mean that buying opportunities for stocks in these benchmark indexes have largely disappeared, a situation that may force investors to pay premium prices for stocks they are interested in.

Fortunately, there are still some tech stocks that have either not realized their potential or have suffered in a short-term sell-off that may only affect that stock itself or a subsector. That means investors can still find opportunities. Below, two Motley Fool contributors discuss how the short-term pullback in a couple of stocks could signal some buying opportunities.

Image source: Getty Images.

Investors interested in The Trade Desk may want to get on the buy side of this buy-side platform
Will Healy (The Trade Desk): Since its 2016 initial public offering (IPO), both customers and investors have been bullish on The Trade Desk (TTD 1.11%). The buy-side digital platform allows advertisers and ad agencies to buy digital ad space on the platforms and the programs most likely to deliver positive returns for one's advertising dollar. Customers also flocked to The Trade Desk for its neutrality. Since Alphabet's Google and Amazon are also ad platforms, those ad-buying systems have a greater potential for ad bias that may not favor the customer.

Unfortunately, The Trade Desk's growth trajectory hit a wall in 2025 not long after the company missed its own revenue projection for the fourth quarter of 2024. Investors panicked, sending the stock price down 57% from its 2025 high.

Another concern affecting the stock price is that platforms such as Google and Amazon have increasingly become "walled gardens." This has made it more challenging to buy ads on those platforms using The Trade Desk's system.

Finally, the company's transition this year from the legacy user interface, Solimar, to the generative AI-based platform Kokai has experienced significant hiccups. Kokai confused many of its users and removed some features that were popular on Solimar, disappointing customers and even leading to lawsuits.

Fortunately, the company and stock may be on the mend. The Trade Desk has begun to address complaints with Kokai, and with revenue up 22% year over year for the first half of 2025, the platform continues to attract more business. As a result, the stock is up 17% since mid-September.

Potential investors should note that The Trade Desk's 62 P/E ratio is still double the S&P 500 index average. Still, this stock has historically traded at a premium, and it is currently far below the 150 earnings multiple where it began the year. As The Trade Desk continues to address complaints with Kokai and contend with its mega-tech competitors, the stock will likely recover lost ground over time.

Concerns over data licensing revenue might offer savvy investors a chance to buy Reddit shares on the dip
Jake Lerch (Reddit): It may come as a surprise to some, but, as of this writing, shares of Reddit (RDDT -1.72%) are down 23% from their all-time high set earlier in this year. That's a significant pullback for a stock that has advanced more than 508% since its initial public offering (IPO) in March 2024.

So, what gives? Why has Reddit taken a step back? More importantly, what makes it worth considering right now?

Concerns have emerged that key artificial intelligence (AI) models, such as OpenAI's ChatGPT, are citing fewer Reddit sources in their responses. This has led some analysts to suggest that developers have analyzed Reddit's data and found it lacking. Consequently, the theory goes, developers are downgrading Reddit's data in training their models, thus lowering the value of its data and, in turn, reducing AI-driven traffic to Reddit's pages.

There's an obvious downside here for Reddit. If these concerns are valid, then Reddit's data isn't as valuable to AI developers, which could hurt the company in two key ways:

First, the company generates a share of its revenue by licensing data to AI developers. If the data's value drops, so will Reddit's ability to monetize that data going forward.

Second, if AI developers reduce their reliance on Reddit as a source, site traffic could suffer. This is the greater concern for Reddit, as nearly 90% of its revenue comes from advertising, rather than data licensing.

Granted, these concerns are legit, and investors shouldn't overlook them entirely. However, for now, I remain bullish on Reddit stock.

That's because, as of the company's latest earnings report (for the three months ended June 30, 2025), key metrics such as user growth, revenue growth, and earnings growth remained solid. That is the most recent official reporting we have on the company's performance.

Therefore, I'm happy to wait until its following earnings report to see if there is any truth to the rumors that Reddit's key metrics are at risk. The company is expected to report earnings around Nov. 3, 2025. Until then, investors who still believe in Reddit's long-term growth story may want to consider buying on the dip.

Investing in The Trade Desk and Reddit
Both The Trade Desk and Reddit have suffered as doubts emerged about the competitive advantages of each business. Indeed, such doubts tend to lead to a sell-off in a given stock, and sometimes, the stock declines can be particularly severe.

However, part of being a successful investor is discerning whether investors have overreacted to a new situation, or is the issue one that actually could undermine the long-term investment thesis for a company. Admittedly, sometimes it is hard to tell.

Nonetheless, both The Trade Desk and Reddit continue to grow in popularity and, by extension, revenue. Assuming that trend continues, both stocks are likely to trend higher over time.

Jake Lerch has positions in Alphabet, Amazon, Reddit, and The Trade Desk. Will Healy has positions in The Trade Desk. The Motley Fool has positions in and recommends Alphabet, Amazon, and The Trade Desk. The Motley Fool has a disclosure policy.

NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Dow Inc. ("Dow Inc." or the "Company") (NYSE: DOW) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dow Inc. investors who were adversely affected by alleged securities fraud between January 30, 2025 and July 23, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/dow-inc-lawsuit-submission-form?prid=170995&wire=3

DOW investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Dow’s ability to mitigate macroeconomic and tariff-related headwinds, as well as to maintain the financial flexibility needed to support its lucrative dividend, was overstated; (ii) the true scope and severity of the foregoing headwinds’ negative impacts on Dow’s business and financial condition was understated, particularly with respect to competitive and pricing pressures, softening global sales and demand for the Company’s products, and an oversupply of products in the Company’s global markets; and (iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.

WHAT'S NEXT? If you suffered a loss in Dow Inc. during the relevant time frame, you have until October 28, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

One stock market valuation metric is flashing a red warning light, but these three stocks may still be bargains nevertheless.

A stock market bubble happens when the value of stocks grows faster than the value of the businesses they represent. And there's good reason to believe investors are in one right now.

Years ago, famed investor Warren Buffett proposed a metric to measure stock valuations generally -- take the entire value of the U.S. stock market and divide it by U.S. GDP. Today, investors call this metric the Warren Buffett indicator. That number is at an all-time high and far beyond the level that Buffett described as "playing with fire."

If there is a bubble right now, it's undoubtedly been inflated by artificial intelligence (AI) stocks. Top AI stocks such as Nvidia, Oracle, and Palantir have all surged in 2025 and are large enough to account for a material portion of total market gains.

Image source: Getty Images.

While fears of an AI-fueled stock market bubble may be rising, there are still AI stocks that represent bargains right now. Three such names are worth a look.

1. Can Micron push past cyclicality?
Shares of Micron Technology (MU 5.82%) are hitting all-time highs in 2025. The maker of memory products is enjoying a surge in revenue and a fattening profit margin, but the stock trades at less than 12 times forward earnings estimates. What's not to like? Well, investors have been burned here before.

When it comes to memory products, demand regularly surges every few years, pushing Micron's revenue and profit margin higher. But then demand tapers back off, having the opposite effect on the business. So investors don't question whether or not Micron can make a ton of money right now -- AI needs memory and it's a great tailwind. They understandably question how long this bullish run will last.

It's risky for investors to say, "It's different this time," but maybe it is indeed different this time for Micron. The company's high-bandwidth memory (HBM) products are fueling impressive growth because of how important they are for data-center buildouts. Management even says its HBM capacity is almost completely sold out for 2026.

Will demand for data centers drop off after 2026? I personally doubt it. OpenAI is one of the leading names in artificial intelligence, and it's reportedly hoping to secure 250 gigawatts of electricity to power data centers by 2033. That amount is roughly the electricity generating capacity of Germany, and that's the energy demand from a single AI company. Keep in mind the competition will be building as well.

My point is that OpenAI and its competitors want to scale data centers by a seemingly impossible amount in coming years, as evidenced by how much power they need. And even if they don't hit their goals, this clearly indicates that AI data center demand will extend far beyond 2026, which should allow Micron to enjoy steady growth, making the stock an absolute bargain today.

2. Duolingo's AI strategy is working
Language learning company Duolingo (DUOL 8.74%) isn't at the forefront of AI infrastructure, but it's using AI to provide new products and features. The strategy is working.

Only about 8% of Duolingo's 128 million monthly active users are paying subscribers, but subscriptions accounted for 84% of total revenue in the second quarter of 2025. The implication is clear: If the company can get more users to pay for a subscription, the benefit to its financial results will be substantial.

This is where AI comes in. Duolingo's highest subscription tier has AI features, such as live conversation, which is quite important for language learners seeking to up their communication skills. These new features are proving popular as Q2 subscription revenue was up 46% year over year. This is on top of the 50% subscription revenue growth the company reported in 2024.

Trading at about 18 times sales, Duolingo stock may not look like a bargain to some. However, the stock is down 40% from the all-time high it reached earlier this year. If the company can continue to put up such strong growth numbers, then its current valuation will end up looking like a bargain in hindsight.

3. Can Super Micro Computer execute?
When trying to find a good investment, I start by looking for the seemingly impossible: A high-growth business with expanding profit margins that trades at a below-average valuation. It's a tall order, but Super Micro Computer (SMCI 6.50%) can be that stock -- if it can execute.

Supermicro's growth comes with the same caveat as Micron's: How long will the AI data center boom last before the clock strikes midnight? That said, its role in the data center ecosystem should help the company to sustain its top-line growth for some time yet. The company's fiscal 2026 started in July, and management expects net sales growth of at least 50% compared to fiscal 2025.

According to YCharts, Super Micro Computer stock trades at about 22 times its forward earnings estimates. For a company growing at least 50%, that looks quite cheap. But there's a small issue: The company's profit margin has trended lower with scale, a trend investors are wary will continue.

Data by YCharts.

Supermicro's management believes its gross profit margin is bottoming out now, and the company is optimistic it can improve again long-term. Central to this optimism is the company's growing importance in data centers.

That's no sure thing, however. Fortunately, Supermicro's incredible revenue growth and ongoing profitability -- even at a lower margin -- could still make this stock a winner. And if margins improve, the stock could prove to be a very exciting investment.

While soaring AI stocks and high valuations make headlines, there are still reasonable bargains to be found in the AI space, including Micron, Duolingo, and Supermicro.

Jon Quast has positions in Micron Technology and Super Micro Computer. The Motley Fool has positions in and recommends Nvidia, Oracle, and Palantir Technologies. The Motley Fool recommends Duolingo. The Motley Fool has a disclosure policy.

Now available as subscription software to unify and streamline flood modeling

Supports faster, data-driven decisions on infrastructure flood resilience

, /PRNewswire/ -- Jacobs (NYSE: J) has introduced Flood Platform, a cloud-hosted hub for advanced flood modeling that supports planning and delivery of critical flood infrastructure programs worldwide.

Now available as a subscription-based software-as-a-service offering, Flood Platform is the first purpose-built tool designed to unify and streamline flood modeling processes with Flood Modeller. Leveraging Jacobs' capabilities in areas such as digital solutions, cloud integration, cybersecurity, data management and artificial intelligence (AI), the platform standardizes how users manage, view and analyze flood-related data.

With flooding and extreme weather events becoming more frequent and severe, clients face the challenge of managing and interpreting large volumes of data to plan and deliver resilient infrastructure. Flood Platform helps bring this information together to support faster, evidence-based decision making.

Jacobs Executive Vice President Amer Battikhi said: "At Jacobs, we integrate digital, data and AI capabilities throughout our global delivery portfolio to solve complex client challenges. Flood Platform demonstrates how cloud-based technology and automation can improve infrastructure planning and modeling – helping clients make more informed decisions and achieve faster project delivery and strengthened resilience."

Built on Microsoft Azure's technology, Flood Platform provides a flexible, scalable and more secure environment where users can upload data, manage access permissions, perform analysis, and collaborate smoothly with both internal teams and external stakeholders.  

Acting as a central location for data, simulations and collaboration, the platform integrates with trusted flood modeling tools like Jacobs' Flood Modeller.

Flood Platform was originally developed by Jacobs for internal use and has supported project delivery for more than 15 years. In response to client needs, Jacobs refined and expanded its capabilities, and it is now available as a subscription service to organizations worldwide. This platform has been instrumental in supporting significant projects such as Melbourne Water's Flood Mapping Program, which aims to provide comprehensive flood mapping for all municipalities across Greater Melbourne and the Westernport region, and the Environment Agency's Oxford-Cambridge Arc Flood Risk Investment Study, which helped unlock more than $134 billion (£100 billion) in economic value.

To learn more about Flood Platform, visit www.floodplatform.com.

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the new tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For media inquiries: [email protected] 

SOURCE Jacobs

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Genflow Biosciences PLC (LSE:GENF, OTCQB:GENFF) shares jumped 88% on Thursday after the longevity-focused biotech firm announced a £440,000 fundraising that it said was more favourable to shareholders than a previously proposed deal.

The company scrapped an earlier subscription agreement announced on 2 October, instead opting for an alternative transaction in which chief executive Eric Leire subscribed for 40 million new shares at 1.1p each, the closing bid price on 8 October.

Leire will retain around 4.5 million shares and transfer the remaining 35 million to a consortium of existing investors. Both he and the group will receive one-for-one warrants exercisable at 1.2p over the next two years.

Genflow said the decision was taken to limit dilution for existing shareholders while ensuring sufficient funding to progress near-term objectives. The new shares are expected to be admitted to trading on 16 October, taking the company’s total share count to about 494 million.

Leire said the funding reflected the “continued confidence and commitment” of Genflow’s long-term investors. The rally follows a difficult year for small-cap biotech stocks, with the company’s focus now on advancing its genetic therapies aimed at extending healthy lifespan.

The stock rose 0.97p to  2.07p

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Cloudbreak Discovery PLC (LSE:CDL, OTC:CDBDF) shares jumped 20% after it secured an exclusive option to acquire the Crofton Gold Project in Western Australia.

The project is located in the Pilbara region, near Marble Bar and Nullagine. And, Cloudbreak highlighted that previous sampling campaigns have returned bonanza-grade assays, including 253 grams per tonne (g/t) gold and 215 g/t silver.

Soil sampling also outlined multiple gold trends with strike lengths over one kilometre and values up to 3 g/t gold. Historic production in the area from 1901 to 1910 averaged 150 g/t gold.

"This is an incredibly exciting gold project in Western Australia and it adds significantly to our growing portfolio of gold assets in a period of record gold prices and resurgent silver prices," said managing director Tom Evans.

It is paying an initial option consideration of £10,000, and it will issue 56 million new shares to exercise the option by 31 January 2026.

In London, Cloudbreak shares gained 17% to change hands at 1.26p. 

This dovish outlook has weakened the U.S. Dollar Index, which slipped for a third consecutive session, lending further support to non-yielding assets like gold.

Silver Benefits from Industrial and Monetary Tailwinds
Silver extended its rally, supported by both safe-haven and industrial demand. The metal’s dual role has gained renewed importance as Fed easing expectations coincide with robust consumption in the solar and electronics sectors.

According to the Silver Institute, global silver demand is projected to rise by around 2% in 2025, led by photovoltaic applications and investment inflows into exchange-traded products.

A weaker dollar has also improved buying appetite from Asia and Europe, where physical premiums remain elevated. Analysts note that silver’s strong correlation with gold has helped sustain its upward trajectory, even as speculative traders have trimmed their positions following recent gains.

Market Outlook
With U.S. government operations partially shuttered and macro data delayed, traders are now awaiting Fed Chair Jerome Powell’s upcoming remarks for confirmation on the pace of policy easing.

While the near-term trend suggests consolidation, the broader outlook for both gold and silver remains constructive, anchored by lower rate expectations and persistent global uncertainty.