Market Signal Briefing

Solana-based memecoin launchpad Pump.fun is adding support for tokens launched on rival platforms via its mobile app.

"[U]sers increasingly want to trade & hold more without having to leave the app," Pump wrote in an X post on Monday. "Today marks another step towards a lower friction, higher functionality trading app which helps users dominate onchain, all within one app."

In addition to adding support for tokens launched on alternative Solana-based token launchpads like Raydium and Meteora, Pump is also introducing access to major assets like Wrapped Bitcoin and Wrapped Ethereum, bridged via Wormhole, and established tokens like Gigachad (GIGA) and PENGU, the team noted.

PUMP is up over 8.4% to $0.0020 at publication time amid a wider market rebound that has also seen bitcoin climb 6%, according to The Block's data.

The move comes as mature crypto platforms continue to expand into new product categories to capture more user time, volume, and loyalty amid a constrained market. Centralized exchanges like Coinbase and Kraken, for instance, are developing into all-in-one trading platforms for crypto, stocks, and derivatives — not unlike Robinhood.

Pump.fun, launched on Solana in early 2024, essentially pioneered the concept of blockchain-based memecoins and reignited interest in Solana following the collapse of major SOL investor Sam Bankman-Fried’s empire. The app is often considered one of the few continuously profitable crypto-based businesses, and is by far the dominant memecoin launchpad. Token graduations on Pump are at a recent high, according to The Block’s data.

Pump introduced a bonding curve mechanism that would “graduate” tokens off the platform once they hit a predetermined market cap. Pump initially migrated graduated tokens to Raydium before launching its own in-house DEX called Pump Swap last year. Raydium, for its part, responded by launching a competing token generator.

In July, Pump launched a native PUMP token in an initial coin offering at a $4 billion valuation. The team quickly introduced a token buyback program that uses platform revenue to reduce the token’s circulation.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

There's likely to be more demand for silver for industrial purposes in the future. Silver's rate of production is also heavily influenced by its price.

A federal judge has dismissed the remaining state-law claims against Uniswap Labs and founder Hayden Adams, ending a long-running class action that sought to hold the decentralized exchange developer liable for scam tokens traded on its protocol.

In an opinion issued Monday, Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York dismissed the second amended complaint with prejudice, ruling that plaintiffs cannot hold the company responsible for misconduct by unidentified third-party token issuers.

The plaintiffs alleged losses from so-called "rug pulls" and pump-and-dump schemes and argued that Uniswap facilitated fraud by providing a marketplace that brought together buyers and sellers of tokens. The court rejected that theory, writing that simply offering a platform does not amount to substantial assistance of fraud.

Failla reiterated her earlier reasoning that it “defies logic” to hold a drafter of smart contract code liable for a third party’s misuse of a decentralized platform.

'Good, sensible outcome' The case was first filed in 2022 and initially included federal securities claims. Those claims were dismissed in 2023, a decision later affirmed by the Second Circuit, which sent the remaining state-law claims back to the district court for review.

Monday’s ruling closes that final chapter, with the court finding plaintiffs failed to plausibly allege actual knowledge of fraud, deceptive conduct under state consumer laws, or unjust enrichment.

In a post on X, Uniswap Labs General Counsel and Head of Policy Brian Nistler described the ruling as "another precedent-setting" decision for decentralized finance, noting that the court again rejected attempts to hold developers liable for third-party misuse of open-source code.

Adams wrote in a separate post on X that if open-source smart contract code is used by scammers, "the scammers are liable, not the open source devs," and called the ruling a “good, sensible outcome.”

Uniswap’s native UNI token rose 6% on the day to $3.92, extending gains amid a broader crypto market rally.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

TL;DR

US spot Chainlink ETFs recorded weekly inflows every month since December 2025. Large wallets maintained elevated transaction sizes during the price decline. LINK gained 6% after Bitcoin reclaimed the $67,000 level. Data from digital asset management products shows a consistent pattern of capital allocation into Chainlink (LINK) through US-based spot ETFs. These products have recorded net inflows every week since December 2025. The weekly figures have ranged between $2 million and $5 million, with no weeks showing net outflows during that period.

Chainlink $LINK ETFs up-only 📈 https://t.co/nnIMyqOmQv

— Crypto Yield Pro (@CryptoYieldPro) March 1, 2026

The accumulation through these financial products represents a specific method of gaining exposure to the asset. ETFs allow investors to buy and sell shares that hold the underlying token, without directly managing the digital asset themselves. The steady inflows suggest that capital is being deployed according to a schedule or strategy, rather than in reaction to daily price changes.

These ETFs now hold approximately 1.26% of the total market capitalization of Chainlink. This percentage indicates the amount of the asset’s supply that has been allocated through these particular investment vehicles. The absence of outflow weeks implies that investors using these products are maintaining their positions once established.

Large Holders Maintain Positions During Price Decline Separate on-chain data shows that large wallets, commonly tracked by analytics platforms, kept their activity levels consistent during a period when LINK prices fell from the mid-$20 range to single digits earlier in 2026. The data indicates that the average size of transactions from these wallets remained elevated during that time.

Analysts who track on-chain metrics look for divergences between price action and holder behavior. When prices move down but large holder activity stays steady, it creates a data point that can be used alongside other information when making trading decisions.

Price Movement Follows Technical Levels On March 1, Chainlink recorded a 6% gain in a 24-hour period. This move occurred after Bitcoin’s price moved back above $67,000. The price increase for LINK happened within an established technical range on four-hour charts.

Traders using technical analysis identified a resistance level at $9.14 and a support level at $8.15. The price action between these levels formed a pattern that some chartists recognize as an ascending triangle. A move above the resistance level would open higher price targets, while a break below support would indicate downside risk.

The Moving Average Convergence Divergence indicator, a tool used by some technical traders, showed a bullish crossover. This indicator reading is interpreted by its users as a signal that upward momentum may be increasing.

On longer timeframes, the price area near $20 represents a level that has acted as resistance over multiple years. A sustained move above this level would represent a break from the longer-term price pattern.

Buterin proposes binary state trees and eventual RISC-V VM shift to improve Ethereum's proving efficiency and execution simplicity.

Vitalik Buterin has proposed execution-layer changes that could fundamentally reshape Ethereum’s core architecture. The project’s co-founder argued that deep modifications to the network’s state tree and virtual machine are necessary to remove what he described as the chain’s biggest proving bottlenecks.

In a detailed post on X, Buterin said that the state tree and VM together account for more than 80% of the constraints that affect proof efficiency and called them “basically mandatory” targets if Ethereum wants to enable scalable client-side and zero-knowledge proving use cases.

Ethereum Overhaul He pointed to EIP-7864, a proposal developed by Guillaume Ballet and others, which would replace Ethereum’s current hexary Keccak-based Merkle Patricia Tree with a binary tree built on a more efficient hash function. According to Buterin, the change would shorten Merkle branches by roughly four times, by cutting bandwidth requirements and making client-side branch verification significantly cheaper.

This could reduce data costs for tools such as Helios and private information retrieval systems by 4x, Buterin added. Proving efficiency could also be improved by 3-4 times from shorter branches alone. He expects additional gains if Ethereum shifts to hash functions such as BLAKE3, which is estimated to be three times more efficient than Keccak. Meanwhile, a Poseidon variant could offer up to 100 times improvement, though he noted further security work would be required.

The proposed binary design would also group storage slots into 64-256-slot “pages” and allow more efficient loading and editing of adjacent storage, potentially saving more than 10,000 gas per transaction for applications that access early storage slots. Buterin explained that a prover-friendly state tree would also allow zero-knowledge applications to compose directly with Ethereum’s state instead of building independent trees, while at the same time simplifying the structure and enabling metadata additions for future state expiry mechanisms.

Beyond the state tree overhaul, Buterin made the case for eventually replacing the Ethereum Virtual Machine with a RISC-V-based VM, as he described the idea as longer-term and non-consensus. But he expressed high conviction that it would become “the obvious thing to do” after state roadmap upgrades are complete.

Possible Deployment Roadmap The Ethereum co-founder said that a RISC-V VM would be more execution-efficient, more prover-friendly, and simpler, while noting that many existing provers are already written in RISC-V and that an interpreter could be implemented in only a few hundred lines of code. He detailed a phased transition plan beginning with using the new VM for precompiles, then allowing developers to deploy contracts directly in the new VM, and ultimately retiring the EVM into a compatibility layer written as a smart contract in the new system.

You may also like: Vitalik Buterin Unveils Ethereum’s Comprehensive Quantum Resistance Roadmap The $6.1M Wallet: Inside LinkedIn Founder Reid Hoffman’s Ethereum Holdings Vitalik Buterin Exceeds 16,384 ETH Selling Target with $38M in Total Disposals Under that roadmap, users would retain full backward compatibility apart from gas cost changes, which Buterin said would likely be overshadowed by scaling improvements in the coming years.

Buterin’s latest push comes just days after he introduced a quantum-resistance roadmap, which included proposals to replace consensus-layer BLS signatures with hash-based schemes such as Winternitz variants.

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Apollo To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Apollo between May 10, 2021 and February 21, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Apollo Global Management, Inc. (“Apollo” or the “Company”) (NYSE: APO) and reminds investors of the May 1, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants Rowan and Black, among other leadership figures at Apollo Global, frequently communicated with Jeffrey Epstein in the 2010s regarding Apollo Global’s business; (2) as a result, Apollo Global’s assertion that the Company had never done business with Jeffrey Epstein was untrue; (3) because of the entanglement between Apollo Global’s leaders and Jeffrey Epstein, the harm to Apollo Global’s reputation was more than a mere possibility; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

On February 1, 2026, Financial Times published an article entitled "Apollo chief Marc Rowan consulted Epstein on firm's tax affairs". The article stated that top "Apollo Global Management executives including chief Marc Rowan held wide-ranging discussions over the firm's tax arrangements with Jeffrey Epstein throughout the 2010s, despite the private capital firm having previously said it 'never did any business' with the child sex offender."

On this news, Apollo stock fell 5.7% over the next two trading days to close at $126.85 on February 3, 2026.

On February 21, 2026, CNN published an article titled, “How Wall Street’s Apollo got tangled up again in the Epstein files”. The article repeated information previously revealed by the Financial Times articles, but contained new information that reported on Apollo Global’s response to the letter sent by the teacher’s union. The article quoted Eleanor Bloxham, founder and CEO of The Value Alliance Company, which advises boards and executives, who said the unions have a “strong case” for pushing for an SEC investigation, described Apollo’s response as “very weak”, and questioned why Defendant Rowan’s meetings and correspondence with Jeffrey Epstein was not previously disclosed.

On this news, Apollo Global shares dropped by $5.99, or approximately 5%, to close at $113.73 on February 23, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Apollo’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Apollo Global Management class action, go to www.faruqilaw.com/APO or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f60c456-51b6-4096-a862-d5d3beda6cc5

Regency Centers Corporation (REG) Citi's Miami Global Property CEO Conference 2026 March 2, 2026 8:50 AM EST

Company Participants

Lisa Palmer - President, CEO & Director
Michael Mas - Executive VP & CFO

Conference Call Participants

Craig Mailman - Citigroup Inc., Research Division

Presentation

Craig Mailman
Citigroup Inc., Research Division

[Audio Gap] Regency and CEO, Lisa Palmer. This session is for Citi clients only and disclosures have been made available at the corporate access desk. [Operator Instructions].

So Lisa, we'll turn it over to you to introduce your company and team, provide any opening remarks, tell the audience to top reasons investors should buy your stock today, and then we can jump into Q&A.

Lisa Palmer
President, CEO & Director

[indiscernible] Thank you -- from the -- what I believe to be the best team in the business, and most importantly, a truly differentiated development platform that is providing visibility to earnings growth and, again, really importantly, true value creation. We're coming off another outstanding year in which we delivered solid NOI earnings and dividend growth, driven by healthy tenant demand and accretive capital allocation, supported by continued strength, as you all know, in tenant sales and foot traffic in the sector and specifically across our centers.

Leasing remains a true highlight. Demand is strong across both anchors and shops and limited new retail supply continues to support rent growth. We're seeing high-quality tenants expanding within our portfolio, allowing us to grow occupancy while further enhancing merchandising across our centers. And as I just opened, importantly, development continues to be a key differentiator and our primary external growth engine. Over the past year, we advanced our pipeline through both starts and completions, positioning us for meaningful NOI contribution in 2026 and beyond.

In today's truly supply-constrained environment, our ability to execute, ground-up

CDW Corporation (CDW) Morgan Stanley Technology, Media & Telecom Conference 2026 March 2, 2026 1:00 PM EST

Company Participants

Albert Miralles - CFO & Executive VP of Enterprise Business Operations

Conference Call Participants

Erik Woodring - Morgan Stanley, Research Division

Presentation

Erik Woodring
Morgan Stanley, Research Division

Awesome. So let's get started, guys. Welcome to Day 1 of the Morgan Stanley TMT Conference. My name is Erik Woodring. I lead the hardware research coverage here. I'm delighted to be joined by Al Miralles, CFO of CDW, a long time mainstay here at the conference.

Before we start, for important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. [Operator Instructions] So Al, thank you very much for joining us today.

Albert Miralles
CFO & Executive VP of Enterprise Business Operations

Yes. You're welcome. Thanks, Erik.

Question-and-Answer Session

Erik Woodring
Morgan Stanley, Research Division

Awesome. So I think the best place to start is maybe doing a quick look back on last year. And really what I'm hoping to better understand is, some of the challenges that you faced last year, how are you kind of course correcting, whether that's market or micro-related? And then where do you actually see also the opportunities at the company level to lean in 2026, and we can take off from there?

Albert Miralles
CFO & Executive VP of Enterprise Business Operations

Yes. Sounds good. Just playing back the last couple of years, obviously, coming off of COVID growth, we had a number of factors that influenced our -- and impacted our business, which resulted in '23 and '24 being tough, right? So macro environment, a bit of decision elongation, funding cycles in the public sector, a number of factors that caused an air pocket of growth during that time. For 2025, what we're looking for was a sustainable return to growth. We did see that. We felt like we took advantage

New York, New York--(Newsfile Corp. - March 2, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Paysafe Limited (NYSE: PSFE) between March 4, 2025 and November 12, 2025, inclusive (the "Class Period"), of the important April 7, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Paysafe's ecommerce business had significant exposure to a single high risk client; (2) as a result, Paysafe's credit loss reserves and/or write-offs were understated; (3) Paysafe had an undisclosed issue with higher risk Merchant Category Codes, making its client services difficult to bank; (4) the foregoing issues were likely to have a material negative impact on Paysafe's revenue growth and overall revenue mix; (5) as a result, Paysafe was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and (6) as a result of the foregoing, defendants' positive statements about Paysafe's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286002

Source: The Rosen Law Firm PA

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Cybersecurity giant CrowdStrike Holdings (NASDAQ: CRWD) could provide an outlook for the sector facing pressure from AI tools when the company reports fourth-quarter financial results Tuesday after market close.

It’s no secret that investors are clamoring for ex-U.S. equities right now. Flows into international equities set a record in January. That indicates a continuing trend of demand for diversification away from expensive and concentrated U.S. markets. Emerging markets have been a key beneficiary segment of that trend continuing into February, with emerging markets ETF AVEM topping the emerging markets equities EM category for flows. 

See more: Investing in International Equities? This ETF Just Hit a Key Milestone

AVEM, the Avantis Emerging Markets Equities ETF, outpaced all other emerging markets equities ETFs for flows last month. The fund pulled in more than $2.2 billion in flows according to ETF Database data – $2.24 billion, specifically. Just three other funds saw more than $1 billion in net inflows, speaking to the sheer size of emerging markets demand.

Emerging Markets ETF AVEM Off to Strong 2026 Start The emerging markets ETF has done so while charging 33 basis points (bps). AVEM provides a systematic active approach to emerging markets that may have contributed to its significant demand relative to other emerging markets funds. The strategy combines active and passive strengths to assess small cap emerging markets companies, looking for strong profits and low valuations. 

That active adaptability could help the fund stand out amid growing geopolitical instability. Already to start 2026, conflicts have emerged and impacted important regions and markets – including certain emerging markets regions. At the same time, its active adaptability helps it find companies able to outperform.

The emerging markets ETF has outperformed the ETF Database Emerging Markets Category average over all time frames in the data set. The strategy has returned 51.6% over the last twelve months compared to 38.5% for the category average. It has performed well to open 2026, as well, returning 15.2% YTD.

The strategy offers exposure to East Asian tech names as well as names in other important regions like South America. For those looking at emerging markets funds for the rest of 2026, AVEM may be one to watch.

For more news, information, and strategy, visit the Core Strategies Content Hub.

Earn free CE credits and discover new strategies

NEOS MLP & Energy Infrastructure High Income ETF offers robust income, anchored by strong underlying dividends and a well-structured covered call strategy. MLPI's portfolio is concentrated in stable, dividend-growth midstream operators and high-yield MLPs, supporting a yield of ~14%, with over a third from dividends. The option layer is balanced - aggressive strikes but only partial notional coverage - allowing meaningful income while preserving some upside in a moderate growth environment.

Q4: 2026-02-24 Earnings SummaryEPS of $0.50 misses by $0.02

 |

Revenue of

$1.90B

(1.99% Y/Y)

beats by $7.00M

Resideo Technologies, Inc. (REZI) J.P. Morgan 2026 Global Leveraged Finance Conference March 2, 2026 1:30 PM EST

Company Participants

Michael Carlet - CFO & Executive VP
Christopher Lee - Global Head of Investor Relations

Conference Call Participants

Yilma Abebe - JPMorgan Chase & Co, Research Division

Presentation

Yilma Abebe
JPMorgan Chase & Co, Research Division

Good afternoon. My name is Yilma Abebe, and I am the industrials analyst at JPMorgan. This afternoon, we are pleased to have Resideo Technologies. From the company on my near side, we have Mike Carlet, CFO; and my far side, Chris Lee, Global Head of Strategic Finance. Gentlemen, thank you for coming.

Michael Carlet
CFO & Executive VP

Thank you.

Yilma Abebe
JPMorgan Chase & Co, Research Division

So this is going to be a fireside chat format. I'm going to have questions for management, but I will leave time for folks to also ask questions, so keep that in mind. The way I envision this conversation is I'll first start off with high-level overview-type questions and followed by perhaps on the strategy side and touching on the separation from -- on the ADI side. Maybe touch on tariffs and product-related questions and then wrap it up with recent performance and outlook. Does that sound okay?

Michael Carlet
CFO & Executive VP

Sounds perfect.

Question-and-Answer Session

Yilma Abebe
JPMorgan Chase & Co, Research Division

Great. So I guess maybe firstly, I guess for folks that may not necessarily be familiar with the Resideo story, can you provide a high-level overview on what Resideo's businesses and market position is? Maybe can you touch on some of the key items that differentiates the company in the marketplace?

Michael Carlet
CFO & Executive VP

Sure. We won't use many slides, but I think there's a good slide here that gives a bit of

Intuit Inc. (INTU) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

Brisbane, Australia--(Newsfile Corp. - March 2, 2026) - Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that the Board of Directors of GMG has approved the investment of an additional AU$1.4 million, which is expected to complete the construction of the Company's Gen 2.0 Graphene Manufacturing Technology plant (the "Gen 2.0 Plant") capable of producing 10 tons of graphene per annum. The total capital cost for the Gen 2.0 Plant is an estimated AU$2.3 million, an expenditure that was largely included in the proposed use of proceeds for the March 2025 Bought Deal Financing of C$5,796,000.

The Company's Board is happy with progress to date and is confident that the Gen 2.0 Plant project is on track to meet its original budget and expectation to be online by the middle of 2026. The early work and procurement of the long lead items is substantially complete, and engineering and design has commenced.

The Gen 2.0 Plant is expected to be largely self-powered from standalone energy generation that utilizes renewable sources, an energy storage system and hydrogen enriched natural gas provided by tail gas power generation.

Figure 1: GMG Headquarters Layout

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/285998_graphene1.jpg

GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited with the progress to date of the Gen 2.0 project and are looking forward to bringing the plant online - on time and on budget."

GMG's Chairman and Director, Jack Perkowski, commented: "A successful Gen 2.0 project will form the basis for the Company's future expansion plans."

Quarterly Financial Results Update

The Company is pleased to provide a further update to its most recent Quarterly Financial Results as published and filed on March 2, 2026. The Company's results are reported under International Financial Reporting Standards (IFRS). This news release may include certain Non-IFRS measures as reported in the Company's Quarterly Management Discussion and Analysis ("MD&A") that are used internally by management to assess the underlying operational performance of our business.

Understanding the Non-Cash Warrant Liability

As at December 31, 2025, the Company had 18.6 million outstanding share purchase warrants with exercise prices denominated in Canadian dollars. Because GMG's functional currency is the Australian dollar, IFRS accounting standards require these warrants to be treated as a derivative financial liability and revalued at fair value each reporting period.

During Q2 FY2026, GMG's share price increased 178%, a strong performance that reflects growing market confidence. However, under IFRS, this share price increase results in a higher calculated fair value for the warrant liability, which in turn generates a non-cash loss in the Company's statement of profit or loss and a corresponding increase in total liabilities on the balance sheet.

Key Points for Shareholders:

This accounting adjustment is entirely non-cash and does not affect GMG's cash position, operations, or business fundamentals.

The Company's cash balance at December 31, 2025 was A$13.9 million, up from A$7.7 million at June 30, 2025.

Excluding the warrant liability, the Company's underlying net assets position at December 31, 2025 was positive A$21.5 million.

The warrant liability decreases when warrants are exercised (converting the liability to equity and adding cash), or when the warrants expire or when the share price declines. Subsequent to December 31, 2025, approximately 2.9 million warrants were exercised for gross proceeds of A$3.6 million, further strengthening the Company's cash position and reducing the warrant liability by a corresponding amount.

Management views the warrant liability as a technical accounting matter that does not reflect the Company's operational performance or strategic progress. The Company's market capitalization at December 31, 2025 was approximately USD$200 million.

Non-IFRS Measures

A Non-IFRS measure that the Company refers to in its MD&A is EBITDA, which is revenue before finance costs, tax, depreciation and amortization, and after adjusting for certain non-cash items and other earnings adjustment items. The Company believes that EBITDA provides useful information to assess the operational performance of the business, however, Non-IFRS measures do not have a standardized meaning under IFRS, have not been subject to audit, and should not be considered as an indication of or alternative to an IFRS measure of financial performance.

Table 1: Calculation of EBITDA

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_017full.jpg

The following table provides the reconciliation of the underlying loss for the period and adjusted basic diluted loss per share, as adjusted and calculated by the Company. This reconciliation adjusts for the non-cash change in fair value of warrants which is included in the Company's Unaudited Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income.

Table 2: Calculation of the unaudited adjusted loss for the period and adjusted basic and diluted loss per share, as adjusted and calculated by the Company.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_018full.jpg

(1) Due to the loss recognized for the years, all outstanding stock options, warrants, broker warrants, restricted share units and performance share units were excluded from the calculation of diluted loss per share due to their anti-dilutive effect.
(2) Calculated using loss for the period over the weighted average number of ordinary shares as per IFRS.
(3) Calculated using adjusted loss for the period over the weighted average number of ordinary shares (non-IFRS measure).

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. These statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include, without limitation, statements regarding, expected capital requirements to complete the Gen 2.0 Plant, expected graphene production capacity of the Gen 2.0 Plant and the timing of its construction and commissioning, the extent to which the plant will be largely self-powered from standalone energy generation, the implications of the Gen 2.0 Plant on future expansion plans, the Company's assessment of the warrant liability as a technical accounting matter and management's view that this liability does not reflect operational performance, expectations regarding future warrant exercises, management's belief that EBITDA is a useful measure of operational performance, the Company's four critical business objectives.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that the Company's operational and strategic progress will continue, that the Gen 2.0 Plant will be constructed, commissioned and ramped up broadly on time and on budget, that the technology deployed at the Gen 2.0 Plant will perform as expected, that sufficient customer demand will develop for products produced at the Gen 2.0 Plant, that the warrant liability will decrease as warrants are exercised or expire, that the Company's cash position and business fundamentals remain strong, that future financial performance will improve, and that the accounting treatment of warrants under IFRS will remain unchanged.

Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, fluctuations in the Company's share price that may increase the warrant liability, failure to complete or commission the Gen 2.0 Plant as currently planned, construction, cost-overrun, technology and ramp-up risks associated with the Gen 2.0 Plant, failure to achieve operational milestones, inability to commercialize products, changes in accounting standards, adverse market conditions, foreign exchange volatility, and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated November 4, 2025 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285998

Source: Graphene Manufacturing Group Ltd.

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The U.S.-Israel airstrikes are a major catalyst impacting global markets, just hours following sweeping bans on the use of Anthropic's AI technology. The S&P 500 notched its worst month since March 2025 as war in Iran intensifies, and risk-off sentiment likely dominates amid hotter-than-expected wholesale inflation. January 2026 Core CPI (2.5%) and PPI (2.9%) rose Y/Y; headline CPI cooled to 2.4%, supporting a “soft landing” narrative.

Key Takeaways American Eagle is set to report Q4 results with revenues seen up 7.9% and EPS rising 31.5%.AEO raised Q4 operating income outlook to $167-$170M on high-single-digit holiday comps growth.Digital investments, brand momentum at Aerie and cost discipline may lift Q4 profitability. American Eagle Outfitters, Inc. (AEO - Free Report) is expected to register growth in its top and bottom lines when it reports fourth-quarter fiscal 2025 results on March 4, after market close. The Zacks Consensus Estimate for revenues is pegged at $1.73 billion, which indicates a rise of 7.9% from the year-ago figure.

The consensus estimate for quarterly earnings is pegged at 71 cents per share, indicating a 31.5% rise from the year-ago quarter's number. However, the consensus estimate for earnings has moved up a penny in the past 30 days.

The company’s earnings beat the consensus estimate by 23.3% in the last reported quarter. AEO delivered an earnings surprise of 35.1% in the trailing four quarters, on average.

Things to Know About AEO’s Upcoming ResultsAmerican Eagle has experienced strong momentum, driven by well-curated product assortments and enhanced customer engagement, leading to robust holiday performance. With continued positive trends in American Eagle and Aerie, the company expects improved profitability compared to prior projections. These factors are set to support performance in the to-be-reported quarter.

AEO said that fourth quarter-to-date comparable sales (comps) through Jan. 3, 2026, increased in high-single digits, reflecting healthy consumer engagement through the peak holiday period. Management now raised its fiscal fourth-quarter operating income guidance to be nearly $167-$170 million, up from the earlier guidance of $155-$160 million. The increase reflects better-than-expected margin performance and assumes consolidated comps growth of 8-9% for the fiscal fourth quarter. We expect comparable sales to increase 9.2% for the fourth quarter.

American Eagle’s strategic initiatives have positioned it for sustained growth and improved operational efficiency. The disciplined approach to cost management, alongside a focus on profitability, is expected to contribute positively to the fiscal fourth quarter results.

AEO has been prioritizing investments in its digital channels, making foundational improvements to enrich the overall shopping experience. The company is also focused on optimizing its store fleet to ensure locations align with customer demand and deliver a best-in-class in-store experience. Innovations, solid omnichannel capabilities and inventory-optimization efforts are likely to have boosted the company’s top-line performance.

Our model predicts fourth-quarter fiscal 2025 total revenues to increase 5.7% year over year. We expect sales for the American Eagle brand to rise 5.5%. Sales for the Aerie brand are expected to increase by 5.2%.

What the Zacks Model Unveils for AEOOur proven model does not conclusively predict an earnings beat for American Eagle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But this is not the case here.

American Eagle currently has an Earnings ESP of -2.82% and a Zacks Rank of 1. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

AEO’s Valuation Picture & Price PerformanceWith a forward 12-month price-to-earnings ratio of 14.36X, below the high level of 18.29X and the Retail - Apparel and Shoes industry’s average of 18.67X, the stock offers compelling value for investors seeking exposure to the sector.

AEO Stock's Valuation
Image Source: Zacks Investment Research

AEO stock has surged 68.1% in the past six months, outperforming the industry’s 12.5% rise.

AEO Stock's Price Performance
Image Source: Zacks Investment Research

Stocks With the Favorable CombinationHere are three companies, which, according to our model, have the right combination of elements to post an earnings beat this season:

Dollar General Corporation (DG - Free Report) currently has an Earnings ESP of +5.37% and a Zacks Rank #3. The Zacks Consensus Estimate for fourth-quarter fiscal 2025 earnings per share is pegged at $1.61, implying a 4.2% year-over-year decline. You can see the complete list of today’s Zacks #1 Rank stocks here.

Dollar General’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues stands at $10.78 billion, which indicates an increase of 4.6% from the figure reported in the prior-year quarter. DG has a trailing four-quarter earnings surprise of 22.9%, on average.

Chewy, Inc. (CHWY - Free Report) has an Earnings ESP of +0.36% and currently carries a Zacks Rank of 3. CHWY’s top line is anticipated to advance year over year when it reports fourth-quarter fiscal 2025 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3.26 billion, which suggests a 0.3% rise from the figure reported in the year-ago quarter.

The consensus estimate for Chewy’s fourth-quarter earnings is pinned at 28 cents per share, flat year over year. CHWY has a trailing four-quarter earnings surprise of 10.7%, on average.

Costco Wholesale Corporation (COST - Free Report) has an Earnings ESP of +0.68% and currently carries a Zacks Rank of 3. COST’s top line is expected to advance year over year when it reports second-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $69.22 billion, which suggests an 8.6% jump from the figure reported in the year-ago quarter.

The company is expected to register an increase in the bottom line. The consensus estimate for Costco’s second-quarter earnings stands at $4.54 per share, calling for 12.9% growth from the year-ago quarter. COST has a trailing four-quarter earnings surprise of 0.5%, on average.

Nokian Renkaat Oyj (NKRKY) Discusses Launch and Strategic Significance of New Studded Winter Tire March 2, 2026 9:15 AM EST

Company Participants

Wes Boling
Paolo Pompei - President & CEO
Hans Dyhrman
Mikko Liukkula

Presentation

Wes Boling

Ladies and gentlemen, hello from Ivalo, Finland, and welcome to the Media Information Call celebrating the launch of the new Nokian Tyres Hakkapeliitta 01, the world's first studded winter tire to feature on-demand grip.

My name is Wes Boling. I'm Nokian Tyres Brand Content Manager. Pleased to moderate this call alongside company leadership as we introduce media to this exciting new studded winter tire. In just a few moments, we will get to a presentation that allows you to familiarize yourself with the product. You should have received a press release about it in the materials bank connected to that press release are photos and videos as well as press releases in a number of different languages if you need those.

At the end of the call, we will have time for your questions, and there will be instructions related to that here in a few moments. But first, let's celebrate the Nokian Tyres Hakkapeliitta 01 with a brief introductory video.

[Presentation]

Wes Boling

There are tire launches and there are revolutions, and today represents both. We look forward to familiarizing you now over the next few minutes with the Nokian Tyres Hakkapeliitta 01. First, with a few words from Nokian Tyres President and CEO, Paolo Pompei, about the significance of this moment and how it ties into our business strategy to be a leader in winter.

Then we'll have a product presentation with a mastermind behind the product, development manager, Mikko Liukkula and Director of Marketing of North America, Hans Dyhrman. And then we'll ask a couple of questions of each of them before turning it to

Analysts at Jefferies argue that the outbreak of conflict in the Middle East, while deeply troubling, is fundamentally positive for mining stocks, and the logic is harder to dismiss than it sounds.

The supply shock hiding in the Strait of Hormuz

Before the geopolitical noise, there is a simple commodity story. Roughly 9% of the world's aluminum is produced in Gulf states, most of which depend on the Strait of Hormuz to import raw materials and ship finished metal. Iran itself accounts for around 3% of global iron ore production and 1.5% of seaborne supply. Any sustained closure of the Strait does not just disrupt shipping, it removes meaningful chunks of global output from the market almost immediately.

That is before accounting for the indirect effects. Higher energy prices raise production costs across the board, steepening cost curves and pushing floor prices higher for copper, nickel and other metals that are energy-intensive to produce. Physical commodity traders, Glencore and Trafigura chief among them, tend to profit handsomely from exactly this kind of dislocation.

The inflation and dollar tension

War is expensive. A prolonged conflict would likely require central bank support, and Jefferies sees a real possibility of the Federal Reserve expanding money supply to fund it. That is the inflation hedge argument for hard assets in its simplest form: more dollars chasing the same amount of metal means higher nominal prices.

The complication is the dollar itself. Safe-haven demand is pushing it higher, and commodity prices tend to move inversely with dollar strength. Jefferies acknowledges this tension but argues the geopolitical and inflation dynamics outweigh it, at least for now.

The call

Jefferies reiterates a bullish sector view, with Freeport-McMoRan Inc (NYSE:FCX, XETRA:FPMB), Glencore PLC (LSE:GLEN) and Anglo American PLC (LSE:AAL) as top picks, and Alcoa (NYSE:AA) flagged as a potential beneficiary depending on how long the conflict runs.

Even a quick resolution, analysts argue, would leave geopolitical risk elevated and the dollar vulnerable to renewed weakness. The conditions that drove metals outperformance over the past six months have not gone away. They have intensified.

Qantas Airways Limited (QABSY) Q2 2026 Earnings Call February 25, 2026 7:30 PM EST

Company Participants

Filip Kidon - Investor Relations
Vanessa Hudson - MD, Group CEO & Executive Director
Robert Marcolina - Group Chief Financial Officer
Markus Svensson - Chief Executive Officer of Qantas Domestic
Stephanie Tully - Chief Executive Officer of Jetstar Group
Cameron Wallace - Chief Executive Officer of Qantas International & Freight
Andrew Glance - Chief Executive Officer of Qantas Loyalty

Conference Call Participants

Anthony Moulder - Jefferies LLC, Research Division
Matthew Ryan - Barrenjoey Markets Pty Limited, Research Division
Jakob Cakarnis - Jarden Australia Pty Limited, Research Division
Andre Fromyhr - UBS Investment Bank, Research Division
Justin Barratt - CLSA Limited, Research Division
Owen Birrell - RBC Capital Markets, Research Division
Samuel Seow - Citigroup Inc., Research Division
Nathan Gee - BofA Securities, Research Division
Ian Myles - Macquarie Research
Cameron McDonald - E&P, Research Division
Niraj-Samip Shah - Goldman Sachs Group, Inc., Research Division
Joseph Michael - Morgan Stanley, Research Division
Scott Ryall - Rimor Equity Research Pty Ltd

Presentation

Filip Kidon
Investor Relations

Good morning, and welcome to the First Half Financial Year 2026 Investor and Analyst Results Briefing. My name is Filip Kidon. I'm the Group Head of Investor Relations at the Qantas Group. I'd like to now hand over to our Chief Executive Officer, Vanessa Hudson, to take you through the results.

Vanessa Hudson
MD, Group CEO & Executive Director

Thank you, Filip, and good morning to everyone. Thanks for joining us today at the Qantas Group Half Year 2026 Investor and Analyst Briefing. I am joined by Rob Marcolina, our CFO, who will be assisting me in presenting the results today, but I'm also joined by our entire leadership team. Today's briefing will only be in audio format, and Rob and I will take you through a number of the key slides in our materials that we lodged today, but then we will open to questions.

Taboola.com Ltd. (TBLA) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

LOS ANGELES, March 02, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Plug Power Inc. (“Plug Power” or “the Company”) (NASDAQ: PLUG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between January 17, 2025 and November 13, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before April 3, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Plug Power misled investors about the likelihood of it building the hydrogen production facilities necessary to receive DOE Loan funds. The Company was more likely to pivot to smaller projects lacking significant commercial potential. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Plug Power, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall Law Firm

HomeStock IdeasQuick Picks & Lists

SummaryCoherent is expected to continue to benefit from a transition to products that enable faster throughput speeds, while prior constraints on manufacturing capacity appear to be alleviating.BrightSpring Health Services reported another strong quarter with both revenues and EBITDA up significantly, far outpacing its historical growth rate prior to going public in 2024.Varonis Systems, which provides data protection security software, delivered disappointing earnings results and an outlook below expectations.United Parks & Resorts' stock lagged following disappointing quarterly results, with revenues negatively impacted by poor weather and fewer international visitors. Hanizam/iStock via Getty Images

The following segment was excerpted from the Carillon Eagle Small Cap Growth Fund Q4 2025 Commentary.

Portfolio Review Top Holdings Average Weight (%) Contribution to Return (%) - Gross Coherent (COHR) 1.08 0.62

26 Followers

Key Takeaways Mastercard launches MetaMask Card nationwide, enabling wallet-to-checkout crypto spending.MA lets users keep assets in self-custody until instant conversion on its network.MA expands crypto-linked cards, adding NY rollout and up to 3% back via the $199 Metal tier. Mastercard Incorporated (MA - Free Report) is steadily reinforcing its role as the infrastructure layer of digital commerce and its latest partnership with MetaMask around the MetaMask Card underscores that strategy. With the U.S. launch now fully operational across the country, including in New York, this initiative represents another important move toward connecting self-custodied crypto assets with traditional payment systems.

The MetaMask Card allows users to spend directly from their wallets without preloading funds onto centralized exchanges. Assets remain in users’ control until the moment of transaction, when they are seamlessly converted for payment across MA’s global network of more than 150 million merchant locations. The launch also introduces a $199 per year Metal tier, offering up to 3% back in mUSD on the first $10,000 spent annually, while standard users can earn up to 1% in on-chain rewards.

For MA, this partnership reinforces its strategy of embedding itself deeper into the digital asset ecosystem without directly taking balance sheet crypto risk. By serving as the payment rail, the company captures transaction volume while supporting innovation at the wallet layer. It has steadily expanded crypto-linked cards and tokenization services in recent years, positioning itself as infrastructure rather than a speculator.

Additionally, the New York rollout is particularly significant. Regulatory clarity in key jurisdictions reduces friction and broadens the addressable user base. If adoption scales meaningfully, crypto-linked debit could drive incremental payment volume through MA’s network, supporting cross-border activity and higher-margin transactions.

How Are Competitors Faring?Some of MA’s competitors in the value-added services space include Visa Inc. (V - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) .

Visa continues to expand its global digital payments footprint, leveraging tokenization, real-time settlement and partnerships with fintechs. V’s broad acceptance and scale support resilient revenue growth, though competitive pressures from alternative payment rails and regulatory scrutiny persist.

PayPal is deepening its checkout and wallet ecosystem while expanding crypto and buy now, pay later offerings. Despite slower user growth and margin pressures, PYPL’s strategic investments in Wallet and merchant solutions aim to sustain engagement and long-term transaction volume.

Mastercard’s Price Performance, Valuation & EstimatesOver the past year, MA’s shares have declined 10.1% compared with the industry’s fall of 23.6%.

Image Source: Zacks Investment Research

From a valuation standpoint, MA trades at a forward price-to-earnings ratio of 26, above the industry average of 18.39. MA carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Mastercard’s 2026 earnings implies 14% growth from the year-ago period.

Image Source: Zacks Investment Research

Mastercard currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.