Market Signal Briefing

In brief
REX and Tuttle began offering leveraged XRP and Solana ETFs.
Similar products have already debuted in the U.S. this year.
The price of both cryptocurrencies rose on Tuesday.
As the price of XRP and Solana spiked on Tuesday, separate leveraged, exchange-traded funds from REX Shares and Tuttle Capital Management aiming to magnify the assets’ performance debuted. 

The T-REX 2X Long SOL Daily Target ETF and T-REX 2X Long XRP Daily Target ETF began trading on the CBOE, REX and Tuttle said in a press release, adding to a growing list of crypto-focused funds. The ETFs provide 200% leveraged exposure to the assets, similar to a number of other products.

The ETFs area way for traders to capitalize on short-term price swings, within the familiar setting of a traditional brokerage account, REX CEO Greg King said in a statement.

“By expanding access to leveraged crypto assets through the ETF wrapper, we’re giving traders and investors new ways to act on their conviction,” Tuttle CEO Matt Tuttle added.

Not long ago, U.S. investors only had a handful of ways to gain leveraged exposure to cryptocurrencies, but REX and Tuttle said they now offer 33 other similar products, including those that track crypto-buying firms like BitMine Immersion Technologies and Strategy.

XRP recently changed hands around $2.17, an 8.6% increase over the past day, according to crypto data provider CoinGecko. Solana rose 12% to $139.56, meanwhile. Both assets have been hammered in recent weeks, alongside Bitcoin’s retreat from record highs in October.

Amid U.S. President Donald Trump re-election last year, XRP and Solana were among digital assets that experts thought could benefit from regulatory shifts. This year, several products dedicated to the cryptocurrencies have debuted, as well as for alternatives like Dogecoin.

Spot ETFs track an asset’s market price by holding onto the underlying asset itself, but REX and Tuttle’s leveraged ETFs seek to deliver outsized returns using financial derivatives. Volatility Shares and ProShares also offer leveraged XRP and Solana ETFs.

When Canary Capital’s spot XRP ETF debuted last month, it generated $58 million in first-day trading volume. The showing surpassed the debut of the Bitwise Solana Staking ETF in October. BSOL allows investors to benefit from staking rewards.

Last week, investment products tied to XRP and Solana notched $289 million and $4.4 million worth of inflows, respectively, according to data from asset manager CoinShares. Year-to-date, Solana products have taken in $3.4 billion, against $2.9 billion for the Ripple-linked token.

In a Myriad prediction market, 95% of respondents do not expect Solana to hit a record high by the end of the year. Myriad is a unit of Dastan, the parent company of an editorially independent Decrypt.

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HomeETFs and Funds AnalysisETF Analysis

SummaryThe Schwab U.S. Dividend Equity ETF (SCHD) is a very popular vehicle for retiring on dividends.However, many investors are increasingly ditching SCHD for covered call ETFs like JEPI, JEPQ, QQQI, SPYI, and others.I compare the two approaches side-by-side and share our approach to building a passive income stream to fund retirement.Black Friday Sale 2025: Get 20% Off PM Images/DigitalVision via Getty Images

Many retirees swear by dividend growth investing as the optimal approach to living off of dividends in their golden years, and they see the Schwab U.S. Dividend Equity ETF (SCHD) as a great vehicle for doing that. This is because

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

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

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On December 2, 2025, XRP and Solana experienced significant upticks in value, marking a rebound amid the crypto market's recent downturn. This resurgence in prices comes on the heels of the launch of two new leveraged exchange-traded funds (ETFs), which have injected fresh optimism among investors.

A busy day across tech, media, and markets: Netflix has returned to the bidding table with a bold, mostly cash offer for Warner Bros. Discovery, reigniting one of Hollywood's fiercest takeover battles. OpenAI has gone into full “code red” mode as it races to outmaneuver Google's Gemini.

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PYMNTS
 | 
December 2, 2025

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Ripple says it is helping payment FinTech RedotPay extend its stablecoin payment capabilities.

At the same time, the companies announced Tuesday (Dec. 2), RedotPay is introducing its “Send Crypto, Receive NGN” feature, while also expanding multi-market payouts via its integration with Ripple Payments, the company’s cross-border payment solution.

The feature streamlines conversion from digital assets to NGN — the Nigerian naira — for verified users with local bank accounts, allowing for faster and more affordable payouts, the companies said in a news release.

“Delivering near‑instant, cost‑effective NGN payouts is a significant milestone,” RedotPay Co-founder and CEO Michael Gao said in the release. “RedotPay is building stablecoin‑powered payments that make digital assets as easy to use as local currency, where users can send XRP or stablecoins securely and receive NGN within minutes.”

Gao added that integrating Ripple Payments will expand his company’s tech and serve the needs of its users as it remains focused “on making digital finance accessible, secure, and efficient for everyone.”

The companies say their collaboration is designed to alleviate global remittance pain points, with the average fee for remittances at 6.49% and settlement times often taking one to five business days.

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“Amidst this inefficiency, the demand for digital alternatives has accelerated,” the release said. “Chainalysis reported that Asia Pacific was the fastest-growing region globally for on-chain stablecoin activity, driven primarily by adoption in trading and remittances. RedotPay is capitalizing on this shift.”

News of this partnership comes one day after Ripple announced it was expanding its payments services in Singapore after the Monetary Authority of Singapore (MAS) approved an expansion of the company’s major payment institution (MPI) license.

This approval, Ripple added, makes the company one of the world’s only blockchain-enabled firms with an MPI license.

In related news, PYMNTS wrote recently about the use of cryptocurrency as a retail payments tool, saying the infrastructure for these transactions has matured much faster than consumer adoption.

“Ecommerce integrations have expanded sharply, especially across Shopify, BigCommerce, and WooCommerce shops,” that report said.

“For many smaller retailers, adding crypto is now as easy as installing a plugin, something that was unthinkable just a few years ago. Instead of chasing speculative features, companies are focusing on checkout experience, compliance and interoperability.”

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Incyte Corporation (INCY) Citi Annual Global Healthcare Conference 2025 December 2, 2025 11:15 AM EST

Company Participants

William Meury - CEO, President & Director
Pablo Cagnoni - President and Head of Research & Development

Conference Call Participants

David Lebowitz - Citigroup Inc., Research Division

Presentation

David Lebowitz
Citigroup Inc., Research Division

Okay. All right. Let's get started with the next session of Citi's Global Healthcare Conference. It's my great pleasure to have with me the senior management of Incyte Corporation. We have the CEO, Bill Meury; and Pablo Cagnoni, the President of Research and Development. So gentlemen, thank you both so much for taking the time to chat.

William Meury
CEO, President & Director

It's nice to be here. Thank you.

Question-and-Answer Session

David Lebowitz
Citigroup Inc., Research Division

Thank you. All right. Well, let's just kind of kick off the conversation, if we could, with Jakafi and just talk about the overall strategy in terms of Jakafi and what you're doing to drive growth in the company as Jakafi moves beyond the LOE, which obviously is widely expected and you're, of course, very well prepared to address.

William Meury
CEO, President & Director

Listen, our focus right now is, as you said, transitioning the business from Jakafi to a hem/onc I&I company and building a steeper growth curve post '29 with durable revenue, earnings and cash flow. I think there's 3 parts to the solution. The first one is our base business, our core business, excluding Jakafi, has the potential to be as big as Jakafi in 2029. So that's sort of part one.

Part two is we have 7 late-stage pipeline projects that will layer on top of that core business. And just to break it down a little bit, in hematology, which is a central identity of the company, we're working on

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In a dramatic market move, American Bitcoin, heavily endorsed by the Trump family, experienced a significant fall of 40% on December 1, 2025. This decline sent ripples through the cryptocurrency sector, affecting related stocks like Hut 8, which saw a 12% drop.

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

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

NEW YORK--(BUSINESS WIRE)---- $ARE #ARE--Alexandria Real Estate Equities Impairment Charge Triggers Securities Fraud Class Action after Stock Drops Over 19% -- Investors Urged to Contact BFA.

By

PYMNTS
 | 
December 2, 2025

 | 

The winter season starts this month, but bitcoin investors are worried it could be joined by a “crypto winter.”

The ongoing downturn in the cryptocurrency market is worsening, The Wall Street Journal reported Monday (Dec. 1). Bitcoin, the most popular crypto token, fell more than 6% Monday, its biggest one-day drop since March. It’s part of an ongoing downturn weeks after the coin hit a record high.

The selloff has affected other forms of crypto and hurt stocks tied to the digital asset sector, such as Coinbase and Strategy, the report said.

Patrick Horsman, chief investment officer at crypto treasury company BNB Plus, said investors are scaling back their risk exposure amid pessimism about the market and the economy, according to the report.

“I think we could see Bitcoin get all the way back to $60,000,” Horsman said, per the report. “We don’t think the pain is over.”

Crypto prices have been on a rollercoaster ride since the industry’s start, with past “crypto winters” seeing Bitcoin and other tokens lose up to 80% of their value before recovering. Past winters were invariably triggered in part by investor concerns about fraud, the report said.

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Meanwhile, Strategy, which pivoted from making software to hoarding bitcoin, announced Monday that it raised $1.44 billion through a stock sale to help make sure it can cover future dividend and debt-interest payments, according to the report.

In a related development, S&P Global Ratings last week lowered its assessment of Tether’s USDT, the largest stablecoin, moving its view of USDT’s ability to keep its U.S. dollar peg from “constrained” to “weak,” the agency’s lowest rating.

Against this backdrop, PYMNTS last month examined the use of cryptocurrency as a tool for retail payments.

“Most retailers treat crypto not as a headline opportunity but as a long-tail enhancement,” PYMNTS reported Nov. 25. “They don’t expect crypto spending to dominate. They don’t build marketing campaigns around it. Instead, crypto acceptance functions like PayPal or Klarna once did in their early days. An incremental option might convert a few extra shoppers, especially those buying internationally or operating outside traditional banking rails.”

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The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Journalist

Posted: December 3, 2025

Bitcoin has been undergoing a critical resilience test.

The crypto king has decisively slipped into a bearish phase, falling below the landmark $90,000 price level and settling at $86,901.48 at press time, according to CoinMarketCap.

While the headline fact is the price, the underlying causes point to more profound structural vulnerabilities within the market.

Two pressures that caused this drop
Farzam Ehsani, CEO of VALR, highlighted the forces at play, noting that the drop below $90,000 was driven by the twin pressures of “rising interest yields and weekend liquidations.”

He said, 

“Bitcoin’s drop below $90,000 is the result of a collision between the fragile market structure and weak liquidity conditions observed over the weekend”

Ehsani also noted,

“The pressure across markets intensified because the order book was shallow, and the market lacked sufficient depth to withstand another macroeconomic liquidity shock.”

This lack of sufficient depth means the market cannot withstand even a minor liquidity shock, and that the current Bitcoin [BTC] market structure is highly sensitive to external financial shocks.

The MSCI index dilemma
Another, deeper structural threat now weighing on Bitcoin is MSCI’s upcoming decision on its global index rules.

The proposal would exclude companies that hold over half of their assets in crypto, directly impacting major corporate BTC holders like Strategy, Marathon, Riot, Metaplanet, and American Bitcoin.

Together, these firms control more than $137 billion in digital assets, representing around 5% of all Bitcoin.

Because passive index funds must mirror MSCI indices, any exclusion could trigger forced selling of these companies’ stocks.

This may even push the firms to offload parts of their BTC reserves to adjust their balance sheets.

Investors are already bracing for this possibility, pricing in the risk of sharp liquidity outflows.

But if MSCI rules aggressively, the entire corporate-backed Bitcoin sector could be revalued lower, placing significant downward pressure on BTC itself.

Thus, the fate of major corporate holders, especially Strategy, is tightly bound to Bitcoin’s immediate direction.

Strategy and the bear market correlation
So far, November delivered Bitcoin’s worst monthly performance since 2018, deepening parallels with past bear markets.

Ehsani added, 

“This uncertainty makes it difficult to establish a clear shift in direction, as the market continues to oscillate between forced deleveraging and muted dip-buying, with neither side able to maintain momentum.”

This highlights that the market’s immediate future is now a high-stakes waiting game.

If institutional and macro pressures continue, Bitcoin’s downturn could extend toward the $60,000–$65,000 range.

Ironically, such a drop may set the stage for a strong rebound, as major institutions and Strategy’s competitors could view those levels as prime accumulation zones.

Still, any recovery will take time – the market’s recent volatility signals that a consolidation phase is likely before momentum returns.

Echoing similar sentiments, other analyst weighs in
Juan Perez, Director of Trading at Monex USA, also noted,

 “Bitcoin seems to be suffering from a fading enthusiasm across crypto as well as the tech world.”

Perez added,

“The negativity at the moment seems tied to growing concerns about increased market concentration and questionable sustainability of overall growth in that sector, considering the issues of infrastructure, as well as less cooperation in trade globally.”

That said, the unwinding of the Yen carry trade following shifting Japanese monetary policy is also one of the major reasons behind this drop. 

So, whether BTC stabilizes or spirals deeper now depends entirely on how the market absorbs these mounting institutional and macro pressures.

Final Thoughts

The short-term fate of Bitcoin is heavily tied to the actions and regulatory outcomes.
Holding the $88,000 structural support is vital for Bitcoin.

SHIB Price Analysis: A Death Cross Formation
As per CoinMarketCap, SHIB now trades below $0.000008, near the lower boundary of its November range.

The hourly chart shows a clear breakdown beneath key moving averages, with a death cross emerging on December’s first trading sessions.

The death cross is formed when the 50‑hour MA drops below the 200‑hour moving average and usually indicates a bearish pullback.

However, in oversold conditions, such a signal can sometimes coincide with a local bottom as well.

The chart below shows that SHIB has repeatedly tested the green demand zone between $0.00000770 and $0.00000785. This region remains the critical support that determines whether SHIB drops further.

Source: TradingView

A brief liquidity sweep into this zone is likely, especially as prices respect the descending trendline. If buyers fail to defend this range, the next leg could trigger acceleration toward deeper support.

However, a break above the descending trendline would open the path toward the first resistance at $0.00000840, where both historical supply and the moving averages converge. Clearing this barrier could lift SHIB toward the mid‑range resistance cluster at $0.00000900.

A possible surge toward the $0.000010 target is also likely, provided prices continue to trade above the green support band.

As SHIB Prepares for Next Move, All Eyes on New Bitcoin Presale
While Shiba Inu (SHIB) faces major hurdles, Bitcoin Hyper ($HYPER) seeks to break through the core limitations of the original Bitcoin network, dominating social chatter as one of the fastest Bitcoin Layer 2 chains in the space.

Bitcoin Hyper boasts blazing-fast execution speeds and uses Solana-based tech to solve issues that have plagued the Bitcoin network, like congestion and long settlement durations.

Also, the project has raised a massive $28.8 million in its ongoing presale, boasting community support.

To ensure security of users’ funds, Bitcoin Hyper executes all transactions quickly and cheaply on its own system and then regularly bundles them up to settle on the main Bitcoin chain.

Notably, the entire ecosystem is powered by the $HYPER token, which is the native utility and governance token for the Layer 2 network. Holding the token is necessary to interact with the system, as it’s used to pay the transaction fees for transfers and smart contract execution.

Token holders can actively participate in securing the network by staking their $HYPER to earn rewards with current rewards at 40% per annum.

To buy $HYPER at the current price of $0.013365, head over to the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.

Once done, swap existing crypto or use a debit/credit card to complete the transaction in seconds.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Shiba Inu (SHIB) News, Market News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

20h05 ▪
5
min read ▪ by
Luc Jose A.

Summarize this article with:

Could bitcoin’s four-year cycle be living its last moments ? This is the unexpected hypothesis put forward by Grayscale in a report published on Monday. According to the asset manager, the crypto queen could break free from its historical mechanics as early as 2026, reaching new heights well before the usual deadline. This major challenge to a pillar of crypto analysis sparks as much hope as questions in a rapidly changing market.

In brief

Grayscale questions Bitcoin’s historical four-year cycle, based on halvings.
According to the asset manager, Bitcoin could reach new highs as early as 2026, without following its usual pattern.
The prospect of a Fed rate cut and progress in US crypto regulation strengthen the bullish scenario.
Meanwhile, the Fed injected $13.5 billion in liquidity, a record since the COVID crisis, potentially boosting risky assets.

Grayscale bets on the break of bitcoin’s historical cycle
In its latest report after the official filing for its IPO, asset manager Grayscale questions a pillar of crypto analysis: bitcoin’s four-year cycle, traditionally tied to halving events.

The company states this model could be broken as early as next year, opening the way to an unprecedented bullish movement by 2026. “Although prospects are uncertain, we believe the four-year cycle thesis will prove incorrect and the asset’s price could reach new heights next year”, the report reads.

This statement comes as bitcoin dropped 32 % from its previous highs, but some technical signals already reveal a reversal. Among them, bitcoin options imbalance, exceeding 4, indicates according to Grayscale that investors have already “extensively hedged their downside risk exposure”.

Beyond these technical indicators, several factual elements support the thesis of a cycle reversal :

Spot Bitcoin ETFs recorded in November $3.48 billion in net outflows, their second worst month historically. However, an inflection is emerging with four consecutive days of inflows, including $8.5 million on the Monday before the report’s release ;

The probability of a Federal Reserve monetary easing, estimated at 87% for a 25 basis point cut at the December 10 meeting, according to the CME FedWatch Tool ;

The evolution of the US regulatory framework, with advances on structuring texts like the Digital Asset Market Structure Bill and the CLARITY Act, which could encourage stronger institutional capital inflows as early as 2026.

For Grayscale, these elements converge toward an unprecedented scenario: bitcoin freeing itself from its traditional cyclic rhythm, supported by changing macro and structural fundamentals. The dynamic remains dependent on the confirmation of these trends in the coming months.

When Fed liquidity enters the crypto universe
Another key event, external this time to the crypto ecosystem, could have a significant impact on the bitcoin price : the surprise injection of $13.5 billion in liquidity by the US Federal Reserve on December 1st.

Indeed, this is the second-largest operation since the COVID crisis. This decision marks, according to several analysts, the effective end of the Fed’s quantitative tightening (QT) program. Bitcoin and risky assets can benefit from a new liquidity boost.

Despite this monetary easing, bitcoin has not yet capitalized on this favorable wind, unlike equity markets. The S&P 500 index continues its rise, supported by historically bullish seasonality in December, while BTC remains behind.

For Mike McGlone, senior strategist at Bloomberg Intelligence, this divergence could signal a reversal in risky assets led by bitcoin. He points to an excessive BTC valuation compared to gold, with a 20x ratio versus a “fair value” estimated at 13x.

According to his models, this imbalance could expose bitcoin to a correction, especially since the implied volatility of the S&P 500 is at historically low levels, reinforcing the hypothesis of a general market complacency.

Bitcoin replays the 2022 bear market, but the framework has changed. While the hypothesis of a peak in 2026 is gaining ground, nothing indicates that the old cycles still hold. The market is testing new benchmarks, and uncertainty remains the only constant.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted as, a recommendation or advice to take any action, including making any investment or purchasing any product. Before making any financial decision, you should conduct your own due diligence, exercise your own discretion, and consult with competent advisors. The content on this website is not personally directed to you, and we do not take into account your individual financial situation or needs. The information contained on this website is not necessarily provided in real time, nor is it guaranteed to be accurate. Prices displayed may be provided by market makers and not by exchanges. Any trading or other financial decision you make is entirely your own responsibility, and you must not rely solely on any information provided through the website. FXEmpire does not provide any warranty regarding the accuracy, completeness, or reliability of any information contained on the website and shall bear no responsibility for any trading losses you may incur as a result of using such information. The website may include advertisements and other promotional content. FXEmpire may receive compensation from third parties in connection with such content. FXEmpire does not endorse, recommend, or assume responsibility for the use of any third-party services or websites. Empire Media Network LTD., its employees, officers, subsidiaries, and affiliates shall not be liable for any loss or damage resulting from your use of the website or reliance on the information provided herein.Risk DisclaimersThis website contains information about cryptocurrencies, contracts for difference (CFDs), and other financial instruments, as well as about brokers, exchanges, and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and involve a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. FX Empire encourages you to conduct your own research before making any investment decision and to avoid investing in any financial instrument unless you fully understand how it works and the risks involved.

December 02, 2025 2:05 PM EST | Source: Robbins Geller Rudman & Dowd LLP
San Diego, California--(Newsfile Corp. - December 2, 2025) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of James Hardie Industries plc (NYSE: JHX) common stock (previously American Depositary Shares until their conversion to common stock on July 1, 2025) between May 20, 2025 and August 18, 2025, both dates inclusive (the "Class Period"), have until Tuesday, December 23, 2025 to seek appointment as lead plaintiff of the James Hardie class action lawsuit. Captioned Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc., No. 25-cv-13018 (N.D. Ill.), the James Hardie class action lawsuit charges James Hardie as well as certain of James Hardie's top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the James Hardie class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-james-hardie-industries-plc-class-action-lawsuit-jhx.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: James Hardie designs and manufactures a wide range of fiber cement building products, with manufacturing plants in both the United States and Australia.

The James Hardie class action lawsuit alleges that despite starting to see North America Fiber Cement customers destocking inventory in April and early May 2025, defendants throughout the Class Period made numerous statements falsely assuring investors that the segment remained strong despite the challenging market environment and expressly denying that inventory destocking was occurring. Investors remained unaware that sales in James Hardie's largest business segment were experiencing inventory loading by channel partners, with the hallmarks of fraudulent channel stuffing, and not sustainable customer demand as represented, the James Hardie class action lawsuit further alleges.

The James Hardie class action lawsuit also alleges that on August 19, 2025, James Hardie disclosed that sales in North America Fiber Cement declined by 12% due to the customer destocking first discovered by defendants in April through May. On this news, the price of James Hardie's common stock dropped by over 34%, the James Hardie class action lawsuit alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired James Hardie common stock during the Class Period to seek appointment as lead plaintiff in the James Hardie class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the James Hardie class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the James Hardie class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the James Hardie class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276574

Apple's artificial intelligence chief John Giannandrea is stepping down from his role as part of a major shakeup of the troubled division, the company announced late Monday.

Quadient S.A. (OTCPK:NPACY) Q3 2026 Sales Call December 2, 2025 12:00 PM EST

Company Participants

Anne-Sophie Jugean - Head of Investor Relations
Geoffrey Godet - CEO & Director
Laurent Du Passage - Chief Financial Officer

Conference Call Participants

Jean-Francois Granjon - ODDO BHF Corporate & Markets, Research Division
Flavien Baudemont - Sanford C. Bernstein & Co., LLC., Research Division

Presentation

Anne-Sophie Jugean
Head of Investor Relations

Good evening, and welcome to Quadient's Third Quarter 2025 Sales Presentation. I am Anne-Sophie Jugean, Quadient's Head of Investor Relations, and I am here today with Geoffrey Godet, CEO; and Laurent Du Passage, CFO. We will have a short presentation followed by a Q&A. You can submit your questions in writing through the web or ask questions live by dialing into the conference call.

Thank you very much. And with that, over to you, Geoffrey.

Geoffrey Godet
CEO & Director

Thank you, Anne-Sophie, and good evening, everybody. For the third quarter of 2025, Quadient delivered EUR 248 million in revenue. While this reflects a 3.5% organic decline year-on-year. Our growth engines continue to show a strong momentum. Digital accelerated with a 9.2% organic growth driven by and sustained subscription growth across all regions.

Our Lockers business accelerated in subscription growth and once again posted double-digit subscription revenue growth. Subscription growth for the Lockers is fueled by increasing customer adoption and the continued modernization of our U.S., Japanese and European locker networks.

Meanwhile, Mail remained broadly in line with the previous quarter's trends and we now expect the rebound in U.S. hardware sales in the fourth quarter firmly. Let me highlight a few key achievements in the third quarter.

Quadient's digital SaaS-based intelligent automation platform is now #1 worldwide. Let me repeat this, #1 worldwide for customer communication management according to the latest IDC ranking with a 11% market share in

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Q3: 2025-11-25 Earnings SummaryEPS of $2.67 beats by $0.17

 |

Revenue of

$1.85B

(18.03% Y/Y)

beats by $46.47M

Autodesk, Inc. (ADSK) UBS Global Technology and AI Conference 2025 December 2, 2025 11:35 AM EST

Company Participants

Andrew Anagnost - President, CEO & Director
Janesh Moorjani - Executive VP & Chief Financial Officer

Conference Call Participants

Taylor McGinnis - UBS Investment Bank, Research Division

Presentation

Taylor McGinnis
UBS Investment Bank, Research Division

Okay. Hello, everyone, and welcome to Day 2 of the UBS tech conference. It's great to see everyone in the audience. For this session, we have Autodesk. So we have Andrew, who is the CEO; and Janesh CFO. So Andrew, Janesh, thank you so much for being here.

Andrew Anagnost
President, CEO & Director

Thank you for hosting us.

Taylor McGinnis
UBS Investment Bank, Research Division

Perfect. And before we dive in, in case you have any questions, you can submit them through the app, and I'll try to take a few of them at the end. But with that, Janesh, I know you have a big speech that you'd like to give.

Janesh Moorjani
Executive VP & Chief Financial Officer

It a very important PSA data. So we may make forward-looking statements during the course of this presentation. Please refer to our SEC filings for information on risks and other factors that may cause our actual results to differ materially from these statements. And now that we all feel so much better protected back to you.

Question-and-Answer Session

Taylor McGinnis
UBS Investment Bank, Research Division

Well done. Well done. Okay. So maybe to kick things off, you guys just reported last week, strong 3Q results. There was a nice upward provision to the 4Q guide. So maybe you could just talk about the drivers behind that momentum and how we think about some of those demand trends going into next year.

Janesh Moorjani
Executive VP & Chief Financial Officer

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Amkor Technology, Inc. (AMKR) UBS Global Technology and AI Conference 2025 December 2, 2025 11:35 AM EST

Company Participants

Kevin Engel - Executive VP & COO
Megan Faust - Executive VP, CFO & Treasurer

Conference Call Participants

Randy Abrams - UBS Investment Bank, Research Division
Sunny Lin - UBS Investment Bank, Research Division

Presentation

Randy Abrams
UBS Investment Bank, Research Division

Okay. I want to thank everyone for joining this next session at the UBS Tech Conference. And I'm Randy Abrams, I head up the Taiwan Research, also now covering hardware and have Sunny Lin covering semiconductors out of Taiwan. And we're pleased to have Amkor with us. Kevin Engel, we can congratulate him, he will be the incoming CEO after a long history at Amkor, moving up through the organization, so good appointment. And we also have Megan Faust, the CFO. So feel free to add your questions, and we'll try to weave it into the conversation.

Question-and-Answer Session

Randy Abrams
UBS Investment Bank, Research Division

So -- and I'll kick off. I think for Kevin just coming in to Amkor, give an overview, how do you see the business? What you're coming into with Amkor? And if you take an initial cut and get appointed, any changes if you think the business is already running or we could see some fine-tuning around the strategy?

Kevin Engel
Executive VP & COO

Yes. Thanks, and good morning, everybody. So for me, a couple of things. First, really honored obviously, that the Board and the Kim family has the confidence in me to take Amkor on the next phase of our journey. So a really exciting opportunity there.

When I think about the strategic pillars, which hopefully some of you have heard these before, but we kind of have 3 pillars that we continue

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The broadcast television industry knows it needs to consolidate. It's just struggling with how to do it.

In August, Nexstar Media Group, the largest owner of broadcast stations in the U.S., announced a proposed $6.2 billion deal to buy Tegna — a combination that would bring together more than 260 stations across the U.S.

Last week, Sinclair, the owner of 179 local TV affiliates, made a hostile offer to acquire its smaller peer E.W. Scripps after buying up nearly 10% of the company on the open market.

Both potential deals remain in limbo, and executives are getting antsy.

Companies like Sinclair and Nexstar run the affiliate stations of the major networks across the U.S. known for local news, sports and other broadcast content. They face the same headwinds as their cable and content studio counterparts — the shrinking number of pay-TV customers due to the rise of streaming and tech options.

Broadcast station owners remain profitable, largely from the hefty fees they receive from pay-TV distributors.

About 65 million U.S. households still subscribe to a bundle of linear TV networks. Anywhere from 33% to 50% of a broadcast station group's annual revenue stems from retransmission fees — payments made to a broadcaster for the inclusion of local TV affiliates in pay-TV bundles — with advertising making up most of the rest.

Yet profitability is shrinking for these companies as the universe of traditional bundle subscribers gets smaller. The streaming strategy for local news and TV has yet to come together, and like other parts of the media, local newsrooms and their resources are dwindling.

That's made station owners desperate to consolidate, just as the biggest media companies — including Paramount, Warner Bros. Discovery and Comcast's NBCUniversal — continue to plan their own potential mergers. The impetus for deals among station owners is to cut duplicate costs and add scale to their businesses, increasing negotiating power when it comes time for carriage renewals with the largest pay-TV providers such as Comcast, Charter, Google's YouTube TV and DirecTV.

While some are facing regulatory headwinds, for Sinclair, it's family ownership dynamics coupled with cultural and governance issues that have complicated its latest efforts to buy scale.

Family squabblesSinclair has been looking for an acquisition target for nearly a year.

The company announced in August it was launching a strategic review with an eye toward merging its broadcast station business with a peer. By that point Sinclair and its advisors had already held discussions with potential merger partners, CNBC previously reported.

One of those targets was Gray Media, according to people familiar with the matter, who spoke on the condition of anonymity about internal plans. But the conversations with Gray haven't advanced, the people said, as Gray is already awaiting government approval for a much smaller deal and isn't in a rush to explore another transaction.

Sinclair then set its sights on Scripps, the owner of more than 60 stations and a variety of entertainment channels like Ion and Bounce. Deal discussions started in the last year, according to people familiar with the matter.

Initial talks revolved around creating a company where both the Scripps family and the Smith family, which owns the majority of Sinclair's voting shares, would give up majority control of a combined company but remain involved, according to people familiar with the matter.

Those early talks included developing an independent board that would be in charge of making pivotal business decisions, such as whether and when to preempt national programming. In September, Sinclair and Nexstar both preempted episodes of "Jimmy Kimmel Live!" after the late night host made controversial comments following the assassination of conservative activist Charlie Kirk.

Throughout the Scripps deal discussions, Sinclair proposed three different variations of a transaction, including different stipulations of who would remain as CEO and whether the deal would be structured as a merger or an acquisition, said the people familiar.

The Scripps family ultimately balked, in part due to governance issues and cultural concerns, two of the people said. In particular, Sinclair's controlling family is known for its conservative politics. In 2018 Sinclair made all of its owned stations air so-called "must-runs" — commentary that sometimes echoed viewpoints of then-and-now-U.S. President Donald Trump. That same year, Sinclair's attempt to to acquire Tribune ultimately failed amid both Federal Communications Commission concerns and criticism by Democrats and public advocacy groups over whether the merger was in the public interest.

"I think there's a lot of complexity to any transaction, especially transactions that involve family-controlled public companies with highly levered balance sheets," Scripps Chief Financial Officer Jason Combs said during Wells Fargo's TMT Summit in November. "I think they'd add some complexity around a variety of issues, whether it's economic splits, whether it is impacts to the capital structure and potential there, whether it's governance issues. There's a whole range of issues."

When discussions went quiet in September, Sinclair began buying Scripps shares weekly until its stake amounted to roughly 8% and it had to go public, per the Securities and Exchange Commission. Currently, Sinclair has a 9.9% stake in Scripps. Sinclair publicly announced last month it would pursue a hostile transaction of Scripps.

In the days following Sinclair's public proposal to acquire Scripps for $7 per share — or more than $580 million — Scripps adopted a shareholder rights' plan, commonly known as a "poison pill," to give it more time to consider the offer.

"We believe the strategic and financial rationale of a potential Sinclair-Scripps combination is indisputable," Sinclair said in a statement last week. "Given the family control of Scripps, the only effect of adopting a poison pill is to limit the liquidity opportunities for public shareholders of Scripps."

A Scripps spokesperson on Wednesday said the company adopted the poison pill "to ensure that all shareholders receive full value in connection with any proposal to acquire the company." The plan is intended to ward off "coercive tactics" and expires after a year, the spokesperson said.

Insider trading concernsThere could be an additional layer of complication, too.

After Sinclair's SEC filing that disclosed it had amassed a stake in Scripps, attorneys for Scripps sent a letter to Sinclair raising questions around the stock purchases, according to two of the people familiar with the matter.

As part of early deal discussions, Sinclair and Scripps signed a nondisclosure agreement and Sinclair received nonpublic information, the letter noted, according to the people.

When Sinclair stopped receiving nonpublic information remains unclear, as do specific details of the nondisclosure agreement. That leaves open for interpretation whether Sinclair's recent maneuver is a securities violation, according to attorney Jonathan Hochman, founding partner of Schindler Cohen & Hochman.

"Assuming Sinclair received confidential information from Scripps under an NDA, whether any of that information was material and not stale is interesting, because, if so, buying Scripps stock while in possession of that information sounds a lot like insider trading," said Hochman, who is not involved in the Sinclair-Scripps matter.

Representatives for Sinclair and Scripps declined to comment.

Government holdupBeyond complex deal structures and family ownership dynamics, the biggest hurdle for broadcast station mergers at large is U.S. law.

The FCC currently prevents any one company from owning broadcast stations that reach more than 39% of the U.S. TV households.

That threshold doesn't threaten a potential Sinclair-Scripps merger — which Sinclair has said would easily win regulatory approval — but it puts Nexstar's proposed acquisition of Tegna at risk. In order to go through, Nexstar's deal would require the lifting of the decades-old FCC rule, or at least significant waivers.

"We are focused on achieving deregulation, and we continue to advocate for the elimination of the antiquated constraints on local television ownership as the best solution to level the competitive playing field for all media," Nexstar CEO Perry Sook said in a November release when requesting approval for the Tegna deal.

In addition to the 39% nationwide cap, broadcasters would also like to eliminate another law on the books that prevents one company from owning three or more ABC, CBS, Fox or NBC affiliates in a given media market.

FCC Chairman Brendan Carr has been vocal about his support for reforming the laws. In one instance earlier this year, Carr reportedly called the ownership cap "arcane, artificial limits," adding that such rules don't "apply to Big Tech."

In late September the FCC said it would review the ownership rules. But the changes have yet to take place, and the opposition's voice is getting louder.

In addition, the Department of Justice has also been slow moving toward approving deals in the industry, creating a hurdle for deals of all sizes, one of the people said.

Trump recently slammed the proposed consolidation of the industry in a Truth Social post. Meanwhile, Chris Ruddy, CEO of conservative cable TV channel Newsmax and a Trump supporter, is against FCC rules changes, arguing consolidation limits the number of potential voices and raises cable prices for Americans by giving more leverage to the affiliate groups.

A representative for Carr didn't respond to requests for comment.

The argument against these mergers from the pay-TV distributors is that higher fees get passed down to consumers, which would likely amplify the hemorrhaging of traditional bundle customers. They also say it's unclear how consolidation of these companies would help the local news industry, as the station owners argue.

"Sinclair is brazenly seeking a mega-footprint nationwide and in local markets across the country, which will allow them to impose even more exorbitant retransmission consent fees. These higher prices will leave consumers with a painful choice—pay up or lose your programming," said Grant Spellmeyer, president and CEO of America's Communications Association, an advocacy group for distributors, in a statement.

Curtis LeGeyt, President and CEO of the National Association of Broadcasters, the industry's trade association, said in a statement to CNBC that local broadcasters are "not asking for special treatment; we are asking for the ability to compete in today's media landscape."

"Lifting the arbitrary 39% limit, which applies only to broadcast stations, will allow station groups to invest in local journalism, sports rights and the technology that keeps communities informed during emergencies, especially in smaller markets," he said. "The national cap was imposed during an era before broadband and streaming reshaped how Americans get their news, and the longer Washington delays addressing it, the harder it becomes for local stations to sustain the trusted local news and reporting that Americans rely on every day."

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.

VALLETTA, Malta and LAS VEGAS, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has been granted a software provider license by Spelinspektionen, Sweden's national gambling authority, authorizing the company to distribute gaming software to licensed operators in one of Europe's most mature and regulated iGaming markets.

The license, valid until December 1, 2030, enables Expanse Studios to supply its portfolio of proprietary slot games, crash games, and casino content to Sweden's licensed B2C operators. This approval positions the company to serve a market that generated approximately €2.4 billion in total gambling revenue in 2024, with online gaming accounting for 64% of total market activity.

Entry into Europe's Most Regulated Market

Sweden represents one of Europe's most sophisticated iGaming jurisdictions, with approximately 100 licensed operators serving a population of 10.5 million where internet penetration exceeds 95%. In 2024, the online gambling revenue reached $1.9 billion, reflecting a 5% increase from the previous year.

The Swedish market maintains one of Europe's highest channelization rates at 85-90%, indicating strong player preference for licensed platforms. Sweden's regulatory framework, established through the 2019 Gambling Act and overseen by Spelinspektionen, emphasizes technical compliance, responsible gaming, and transparent operations—standards that align with Expanse Studios' existing operations across 1,300+ casino brands in regulated markets.

"Sweden's licensing framework sets the gold standard for regulated iGaming markets in Europe," said Damjan Stamenkovic, CEO of Expanse Studios. "Securing the license approval from the Swedish Authority once again validated our technical capabilities and commitment to responsible gaming in one of the world's most demanding regulatory environments. This license opens substantial distribution opportunities with established operators serving a highly engaged, tech-savvy player base."

The Swedish license complements Expanse Studios' recent European regulatory approvals in Romania and commercial partnerships with operators including AdmiralBet (Novomatic Group) and MerkurXtip (Merkur Group), demonstrating accelerating demand for certified, compliant content across regulated jurisdictions in Europe.

Sweden's market characteristics—including strong preference for mobile platforms, high consumer spending on digital entertainment, and established payment infrastructure—align well with Expanse Studios' content portfolio. With 56 proprietary titles including Super Heli, Titan Roulette, and Wild Icy Fruits, the company continues scaling its high-margin B2B operations across Europe, Latin America, and North America.

This license approval reinforces Golden Matrix Group's strategic focus on expanding regulated B2B operations in jurisdictions with transparent licensing frameworks and very robust player protection standards.

About Expanse Studios

Expanse Studios, part of the Golden Matrix Group (NASDAQ: GMGI), is a B2B iGaming content provider specializing in slots, crash games, turn-based strategies, and card games. With a growing portfolio of 56 proprietary titles, Expanse powers over 1,300 casino brands across Europe, LATAM, and North America.

Learn more at expanse.studio.

About Golden Matrix

Golden Matrix Group Inc. (NASDAQ: GMGI), based in Las Vegas, is a gaming technology company operating globally through B2B divisions (GMAG, Expanse Studios) that develop and license proprietary platforms, and B2C operations including RKings (UK competitions), Mexplay (Mexico online casino), Classics (Australian – based subscription and loyalty business) and Meridianbet—a leading sportsbook licensed in 18 jurisdictions across Europe, Africa, and South America. Learn more at goldenmatrix.com.

Contact: [email protected]  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3d225ff-58ef-486e-bb43-61904a067f1d

Expanse Swedish B2B License
Expanse Swedish B2B License

About Emily Jarvie
Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more

About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

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Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

Key Takeaways GM is highlighted among five stocks outperforming the market across 12-, 4- and 1-week periods.AEM, GLDD, BTSG and ECG also show rising earnings estimates supporting their recent strength.All five names meet screens for positive revisions, solid VGM Scores and adequate liquidity.
U.S. stocks continue to show impressive strength, with major indexes climbing steadily and sentiment improving on solid economic data and ongoing hopes for another policy cut. Investors appear encouraged by easing inflation pressures and healthy consumer spending, which together signal that the recovery remains durable. Even routine volatility has been met with buying, suggesting confidence beneath the surface.

Expectations for further monetary easing have added to the positive tone. The market is entering a historically strong period, and companies have just delivered another round of upbeat earnings. With growth forecasts improving and the broader economy holding up well, the backdrop looks supportive for risk assets. Any short-term weakness is increasingly seen as a chance to add rather than reduce exposure.

In this kind of an environment, relative price strength becomes a practical strategy — helping investors focus on stocks that continue to outperform the market and allowing them to stay aligned with leadership as the uptrend develops.

At this stage, investors would be wise to consider stocks such as Agnico Eagle Mines Limited ((AEM - Free Report) ), General Motors Company ((GM - Free Report) ), Great Lakes Dredge & Dock ((GLDD - Free Report) ), BrightSpring Health Services ((BTSG - Free Report) ) and Everus Construction Group ((ECG - Free Report) ) based on their relative price strength.

Relative Price Strength StrategyInvestors generally gauge a stock’s potential returns by examining earnings growth and valuation multiples. At the same time, it’s essential to measure the performance of such a stock relative to its industry, peers, or an appropriate benchmark.

If you see that a stock is underperforming on fundamental factors, it would be prudent to move on and find a better alternative. However, those outperforming their respective sectors in terms of price should be selected because they stand a better chance of providing considerable returns.

Then again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 for 1 to 3 months, at least, and having solid fundamentals, indicate room for growth and are the best ways to go about this strategy.

Finally, it is crucial to find out whether analysts are optimistic about the upcoming earnings of these companies. In order to do this, we have added positive estimate revisions for the current quarter’s (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price gains.

Screening ParametersRelative % Price change – 12 weeks greater than 0

Relative % Price change – 4 weeks greater than 0

Relative % Price change – 1 week greater than 0

(We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.)

% Change (Q1) Est. over 4 Weeks greater than 0: Positive current-quarter estimate revisions over the last four weeks.

Zacks Rank equal to 1: Only Zacks Rank #1 (Strong Buy) stocks — that have returned more than 26% annually over the last 26 years and surpassed the S&P 500 in 23 of the last 26 years — can get through. You can see the complete list of today’s Zacks #1 Rank stocks here.

Current Price greater than or equal to $5 and Average 20-day Volume greater than or equal to 50,000: A minimum price of $5 is a good standard to screen low-priced stocks, while a high trading volume would imply adequate liquidity.

VGM Score less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.

Here are five of the 24 stocks that made it through the screen:

Agnico Eagle Mines Limited: Agnico Eagle is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 11.6%. Headquartered in Toronto, Canada, AEM has a VGM Score of B.

The firm has a market capitalization of $87.5 billion. Notably, over the past 60 days, the Zacks Consensus Estimate for Agnico Eagle’s 2025 earnings has moved up 8.8%. AEM’s shares have doubled in a year.

General Motors Company: One of the world’s largest automakers, General Motors held the largest share of the U.S. auto market at 16.5% in 2024. GM has a market capitalization of nearly $70 billion. The company has a VGM Score of B.

General Motors beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 9%. Over the past 60 days, the Zacks Consensus Estimate for its 2025 earnings has moved up 9.9%. GM shares have gained 36% in a year.

Great Lakes Dredge & Dock: It is America’s top dredging contractor. Headquartered in Houston, it operates a vast fleet of 200 vessels and is expanding into offshore energy. The company also has a strong record of global marine project execution. The Zacks Consensus Estimate for 2025 earnings of Great Lakes indicates 31% growth. The company has a VGM Score of A.

Over the past 60 days, the Zacks Consensus Estimate for Great Lakes’ 2025 earnings has moved up 7.8%. The company has a market capitalization of $868.4 million. GLDD shares have edged up 2.1% in a year.

BrightSpring Health Services: Based in Louisville, KY, it delivers home- and community-based care across the United States, serving seniors and specialty populations through its provider and pharmacy segments. BrightSpring Health Services’ expected EPS growth rate for three to five years is currently 53.3%, which compares favorably with the industry's growth rate of 15.6%. The company has a VGM Score of A.

The Zacks Consensus Estimate for BrightSpring Health Services’ 2025 earnings per share indicates 100% year-over-year growth. Over the past 60 days, the Zacks Consensus Estimate for its 2025 earnings has moved up from 90 cents per share to $1.12. BTSG shares have gone up 89.1% in a year.

Everus Construction Group: Based in Bismarck, ND, the company provides specialty contracting services across the United States, spanning electrical and mechanical work as well as transmission and distribution projects. Everus Construction Group has a market capitalization of $4.7 billion. It has a VGM Score of B.

Notably, over the past 60 days, the Zacks Consensus Estimate for ECG’s 2025 earnings has moved up 23%. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 51.8%. Everus Construction Group’s shares have gone up 38.7% in a year.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

Key Takeaways WULF trades at an 18.24x P/S while shares lag sector and market performance.Heavy debt from HPC expansion and new financing drives significant balance-sheet risk.Regulatory pressures and reliance on a few hyperscale clients add to mounting uncertainty.
TeraWulf (WULF - Free Report) shares are currently overvalued, as suggested by its Value Score of F.

In terms of the 12-month price/sales (P/S), WULF is trading at 18.24X, significantly higher than the Zacks Financial- Miscellaneous Services industry and the Zacks Finance sector’s 3.23X and 8.9X, respectively.

At such a high valuation, the question arises whether WULF stock is still a worthy investment, or is it a good time to consider taking profits? Let's take a closer look.

Price/Sales Ratio (F12M)
Image Source: Zacks Investment Research

Over the past month, WULF shares have fallen 4.9%, underperforming the Zacks Finance sector’s gain of 2.4% and the S&P 500’s return of 0.7%.

Market volatility has had a major impact on Bitcoin mining operations, directly weighing on TeraWulf's stock performance and affecting near-term stability. Other alternative crypto stocks, such as Riot Platforms (RIOT - Free Report) , CleanSpark (CLSK - Free Report) and Marathon Digital (MARA - Free Report) , are also being impacted by the market volatility. In the past month, CleanSpark, Riot Platforms and Marathon Digital have recorded declines of 19.1%, 25.2% and 35.3%, respectively.

RIOT is expanding U.S. mining capacity post-halving, CLSK is emphasizing low-cost, energy-efficient operations, and MARA is rapidly scaling hash-rate leadership — all directly comparable to WULF in the current bitcoin-mining landscape.

1-Month Share Price Performance
Image Source: Zacks Investment Research

Heavy Debt Burden Emerges as a Major Strategic Risk for WULFTeraWulf’s long-term financial position has become increasingly strained as aggressive funding for its HPC (High Performance Computing) expansion has led to a significant buildup of debt. As of Sept. 30, 2025, the company held $2.2 billion in total liabilities against $2.5 billion in assets, driven largely by $1.06 billion in convertible notes and meaningful warrant liabilities. The pressure intensified in the third quarter and shortly afterward, when TeraWulf secured more than $5 billion in additional financing, including $3.2 billion in 7.75% senior secured notes due in 2030 and over $2 billion in low-interest convertible notes maturing between 2031 and 2032. While this capital supports large-scale HPC initiatives and commitments to the Abernathy JV, it also sharply increases future repayment obligations. The resulting leverage materially elevates balance-sheet risk, making the company’s heavy debt burden a major strategic concern for investors. The $424.6 million loss in the third quarter from Google-related warrants and convertible features clearly shows the serious financial risks within TeraWulf’s funding model.

Regulatory Shifts and Client Risks Weigh on TeraWulfTeraWulf faces mounting regulatory and environmental challenges that threaten to disrupt its bitcoin mining and HPC expansion plans. The changes in laws, permitting rules and compliance requirements could materially delay projects and pressure profitability, particularly in highly regulated, energy-intensive regions. Power availability and infrastructure constraints add to execution risks, while choosing new sites requires navigating complex regulatory frameworks and customer-sensitive environmental conditions. Geopolitical shifts, tariffs and trade restrictions further complicate equipment procurement.

These pressures are heightened by TeraWulf's reliance on just a few major hyperscale clients, notably Google-backed Fluidstack and Core42, which adds another layer of strategic risk to the company's long-term outlook.

WULF’s Earnings Estimate Revision Trend LowerThe Zacks Consensus Estimate for fourth-quarter 2025 loss is pegged at 12 cents per share, which has widened by 5 cents over the past 30 days. The company reported a loss of 8 cents per share in the year-ago quarter.

The Zacks Consensus Estimate for TeraWulf’s 2025 loss is currently pegged at $1.51 per share, worsening by $1.18 over the past 30 days. This follows the company’s 2024 loss of 19 cents per share.

TeraWulf's earnings missed the Zacks Consensus Estimate in all the trailing four quarters, the average negative surprise being 82.14%. The sharp downgrade highlights growing concerns around the company’s profitability.

Image Source: Zacks Investment Research

Conclusion: What Makes WULF a Risky StockTeraWulf's stretched valuation, weak earnings projections and deteriorating share performance draw a clear picture of growing risk. High leverage, increasing regulatory and environmental pressures, and overreliance on a small set of clients compound the uncertainty. With earnings estimates trending sharply lower and consistent quarterly misses, the path to sustainable profitability remains unclear. In a volatile crypto market, these growing structural and financial challenges are making WULF an increasingly uncertain investment. Given the increased risk and lack of visible stability, investors may be better off staying away from this Zacks Rank #4 (Sell) stock for now.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.