Market Signal Briefing

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

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Canary’s XRP ETF has gotten off to a good start following its launch on November 13. The fund’s first-day trading volume beat estimates, a development that has shocked even the community. 

Canary’s XRP ETF Records $58 Million In Day One Trading Volume
In an X post, Bloomberg analyst Eric Balchunas revealed that Canary’s XRP ETF (XRPC) recorded $58 million in day one trading volume. He further noted that this is the most of any ETF launched this year, among the 900 launched. With this, the fund also edged Bitwise’s Solana ETF, which recorded $57 million in day-one trading volume. 

The Bloomberg analyst added that the two of them are in a league of their own, as the third-best launch this year is $20 million away. Meanwhile, Canary’s XRP ETF beat estimates, with Balachunas predicting $17 million in day-one trading volume and his colleague James Seyffart predicting $34 million. 

Canary Capital’s CEO Steven McClurg had joined in on the conversation, asserting that the fund was going to record way over $34 million in trading volume, which eventually happened. Seyffart had admitted that it was possible, stating that “XRP army is real and no joke,” thereby crediting the community’s effort for such performance. 

Commenting on this development for the fund, market expert Nate Geraci noted that almost every single spot crypto ETF launch has significantly exceeded TradFi’s expectations. He declared that there is a lesson in that, as there is still significant skepticism from the old guard in TradFi. However, he added that investors who are voting with their money are what matter and that the top ETF launches in the last 2 years have been dominated by crypto.  

Canary’s Fund Records $245 Million in Net Inflows
Canary Capital revealed that its XRP ETF recorded $245 million in net inflows. This also topped Bitwise’s Solana ETF, which recorded almost $70 million in first-day inflows. Geraci explained that the inflows are way higher than the trading volume because of in-kind creations, which don’t show up in trading volume. In-kind creations allow the issuer to create shares with the token instead of cash. 

Meanwhile, Bitwise CIO Matt Hougan also commented on the success of the fund. He noted that the median opinion of a crypto asset does not determine an ETF’s success. He further remarked that one would rather have 20% of people love an asset than 80% of people who vaguely like it. Hougan added that ETFs die from apathy, not disagreement. The Bitwise CIO made this comment because the token is believed to be one of the most ‘hated’ crypto assets. 

At the time of writing, the XRP price is trading at around $2.28, down over 7% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Peakpx, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, “what is dead can never die.” At the same time, he pointed out that on-chain activity looks flat.

Cardano (ADA) was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion. That is the context for a larger question now being asked across crypto circles: can community and hype move a token more than real network use?

On-Chain Activity Shows Little Movement
Davis admits that user activity is low and DEX volume is thin. Development updates are limited, daily revenue is weak, and stablecoins barely register on the chain.

He made his point with humor too, joking that Cardano’s founder Charles Hoskinson has “a beard worth $25 billion.” But the main claim was serious: the chain’s raw on-chain metrics don’t look strong right now.

Is Cardano $ADA dead?

Here’s my take. ⤵️ pic.twitter.com/oGnVuQuy9N

— Lark Davis (@TheCryptoLark) November 12, 2025

Community Strength And Brand Can Still Drive Prices
Based on reports, Davis argued that numbers don’t tell the whole story in crypto. He compared Cardano to XRP and noted that a token can have a big market cap despite questions over intrinsic use; XRP once reached about $150 billion in market value.

According to Davis, old buyers can return and push a token higher even when network use is low. That is part of why some traders treat certain assets as almost cult-like. Sentiment matters, but momentum matters more than steady on-chain growth in many cases.

Technical Signals Point To A Narrow Upside If Key Levels Break
TradingView analyst “AltcoinPiooners” has highlighted recent price action and a possible shift in market pressure. Reports show ADA tested support at $0.53 after hitting $0.60 on November 11 and falling the next day.

Analysts See A Clear Path, But Risks Remain
According to the analyst, ADA could move to $0.62 and then to $0.65 if $0.60 is cleared, a move that would equal more than a 16% gain from current levels.

ADAUSD now trading at $0.51. Chart: TradingView
Reports also revealed that Cardano whales added 348 million ADA over four days while the price dipped below $0.50 recently. On the flip side, a failure at support could send ADA down toward $0.52. That risk was flagged by the same analyst.

Although the debate around weak usage continues, reports have stressed that Cardano is far from dead. The project still commands a loyal base, steady interest from long-time holders, and a market cap in the billions.

Featured image from Unsplash, chart from TradingView

The WLFI price holds firm at $0.14 as buyers defend a critical support zone. Rising strength around the point of control hints at a potential rally toward $0.18.

Summary

Strong support forms at $0.14, aligned with the point of control near $0.1618.
Price continues closing above key volume levels, signalling demand despite market weakness.
Holding current support increases probability of a rally toward the $0.18 resistance.

WLFI’s (WLFI) is showing resilience, holding firm at $0.14 as buyers defend a critical support zone. Strength around the point of control suggests the token could be setting up a rally toward $0.18. Despite broader market softness, WLFI’s price action signals early signs of stability, with multiple indicators highlighting $0.14 as a key reaction level.

While many mid-cap altcoins remain under pressure, WLFI — launched by the Trump family in 2024 —continues to post solid candle closes above crucial levels. If it maintains support above $0.14 and strength around the point of control, a move toward $0.18 appears increasingly likely. A breakdown below these levels would challenge this bullish outlook, but current market behavior favors an upward rotation.

WLFI price key technical points:

$0.14 support aligns with point of control (POC) near $0.1618, forming a strong technical confluence.
Multiple higher-timeframe support levels converge in this same region, strengthening its importance.
A breakout toward $0.18 resistance becomes likely if bullish volume continues to build.

WLFI (4H) Chart, Source: TradingView
The $0.14 support level has emerged as the most critical region for WLFI in the current market environment. This level sits in clear confluence with the point of control (POC) at $0.1618, an area where historically the highest traded volume has occurred, creating a strong foundation for buyers to defend. High-timeframe support is also stacked within this same zone, further reinforcing it as a region where bullish reactions typically occur.

Recent candle formations show that WLFI continues to close above the POC on a daily closing basis, signalling ongoing demand despite broader market weakness. This behavior is especially notable given that many other assets in the same sector are struggling to maintain structural supports.

As long as price action maintains this defensive posture above $0.14, the probability of a rotation toward the next major resistance at $0.18 increases substantially. The $0.18 level sits just above last week’s high and is the first key barrier that bulls must reclaim to confirm a shift toward a more aggressive upward trend.

Structural market behavior also supports the bullish argument. WLFI currently sits in an optimal “higher-low” territory, which often precedes rotation moves toward the upper boundaries of a trading range.

Continuation of bullish candles with rising volume influxes would likely accelerate the move to $0.18, and a successful reclaim of this level would open the door for a test of higher resistance zones in the upcoming sessions.

TL;DR

Chainlink launched RWA perpetuals through ApeX, enabling LINK to expand across spot and derivatives markets with tokenized assets.
The integration with ApeX provides low-latency feeds and price standardization on Arbitrum, Base, BNB Chain, Ethereum, and Mantle.
LINK trades within a multi-year symmetrical triangle, with support between $8–$12 and resistance near $19.

Chainlink strengthened its presence in real-world asset markets by launching RWA perpetuals through ApeX, marking a new phase for LINK across spot and derivatives markets.

The integration allows ApeX Exchange to offer on-chain perpetual markets for tokenized assets backed by treasuries and commodities, with real-time price updates powered by Chainlink Data Streams.

Markets are available on Arbitrum, Base, BNB Chain, Ethereum, and Mantle. This is made possible by the exchange’s omnichain strategy, which standardizes prices across multiple networks to maintain consistent liquidation and funding calculations.

Chainlink Provides Low-Latency Feeds to ApeX
Chainlink’s infrastructure ensures low-latency price feeds, reinforcing execution and enabling ApeX to replicate synthetic exposures similar to those used by institutional platforms. This expansion arrives at a critical moment for LINK, which is trading within a multi-year symmetrical triangle on the weekly chart, with support and resistance levels that have shaped its behavior since 2021.

What’s Happening with LINK?
LINK rebounded from a double daily support zone after the October drop, approaching resistance around $19. A sustained breakout above this level would clear the descending trendline from the September highs and open room for a broader recovery. As long as the price remains below $19, the ascending support line continues to protect the current structure.

In the long term, the symmetrical triangle suggests that LINK is compressing within converging lines, with a resolution horizon of roughly two years. The $8–$12 zone is identified as an attractive accumulation area, aligned with previous reaction lows and the rising support trendline.

Chainlink positions its token for both traders seeking derivatives exposure and investors looking for more strategic opportunities in the real-world asset market. The ApeX integration and the standardization of institutional-grade data will strengthen LINK’s ability to deepen its influence across DeFi and RWA markets

A major Solana treasury firm has just unveiled a $50 million share buyback, a move that signals strong confidence in a long-term Solana price prediction even as the market faces heavy selling.

Previously considered out of reach, altcoin-based ETFs with staking capabilities are becoming a reality.

TLDR

Tether has extended $1.5 billion in credit to commodity traders, providing financing in both USDT and cash.
The company plans to dramatically expand its presence in commodity lending, targeting agricultural products and oil.
Tether’s Trade Finance unit focuses on short-term credit to facilitate global supply chains and commodity trades.
Despite some reluctance from traders to borrow in USDT, Tether’s growing financial influence is expected to overcome these concerns.
Tether has also seen success with its tokenized gold product, Tether Gold, and holds more than 100 tons of physical gold.

Tether has entered the commodity lending market, with $1.5 billion already extended to traders. The stablecoin issuer is providing both cash and its USDT stablecoin for financing. CEO Paolo Ardoino announced plans for significant expansion in this sector.

Tether’s Trade Finance Unit and Focus on Commodities
Tether’s Trade Finance unit is driving its venture into commodity lending. The unit focuses on short-term credit to facilitate global supply chains. It aids traders in purchasing, transporting, and delivering goods, including agricultural products and oil.

Ardoino confirmed that Tether has already extended $1.5 billion in credit. He emphasized the firm’s strategy to “expand dramatically” in the coming months. This expansion follows Tether’s strong financial position, with nearly $184 billion worth of USDT in circulation.

Tether aims to serve traditional commodity traders by providing the liquidity they need. The company believes it can offer an attractive financing option compared to conventional banks. This move further solidifies Tether’s role in the global financial landscape.

Challenges in Borrowing USDT for Commodity Trades
Some traders remain hesitant to borrow in USDT rather than traditional dollars. This reluctance stems from concerns about stablecoin volatility and regulatory uncertainties. However, Tether’s growing influence in the market may soon overcome these concerns.

Despite these hesitations, Tether’s growing financial power is gaining attention. With its deep liquidity, Tether can offer favorable lending terms for traders. Ardoino’s comments reflect the company’s determination to increase its involvement in the commodities market.

As more businesses explore digital finance solutions, Tether is positioning itself as a key player. The company’s expansion into trade finance could change the way commodities are financed. Its stablecoin, USDT, has already gained popularity in various financial markets.

Tether has already made waves with its tokenized gold product, Tether Gold. This offering has seen significant growth amid surging gold prices. The company also holds more than 100 tons of physical gold.

This diversification into commodities aligns with Tether’s broader strategy. Ardoino pointed out that the success of USDt is helping fund the company’s new ventures. Tether is leveraging its dominance in the stablecoin market to expand into industries such as trade finance and commodities.

Bitcoin (CRYPTO: BTC) has slipped under the $100,000 mark amid heavy ETF outflows and renewed doubts about Federal Reserve rate cuts, signaling growing institutional caution.

What Happened: Bitcoin’s rejection at key daily moving averages and the $106,800 level triggered a deeper correction toward the $95,700 (.703 Fib) zone, with a possible extension into the $91,000–$88,000 golden pocket, near the 3D 200 SMA/EMA.

Over the past day, Bitcoin flushed all long liquidity between $101,000 and $96,000, hitting the expected $95,700 target.

The drop reflects strong bearish momentum, weak money flow, and widespread leverage wipeouts.

Now, price has entered a more constructive but highly volatile zone, where BTC's reaction around major support will determine whether the broader uptrend can recover.

A bottoming structure near these levels could reignite bullish momentum.

But if Bitcoin fails to hold support, any bounce risks forming a macro lower high before deeper downside.

Also Read: Bitcoin Crashes Below $96,000 As $1 Billion Wiped Out In Liquidations Across ETH, XRP, Dogecoin

Why It Matters: Santiment data shows Bitcoin has dipped below $100,000 for the second time this month, sparking classic retail fear. Sentiment indicators currently highlight:

Strong bullish/greedy bias – often precedes cooling or downside
Neutral/mixed bias — markets follow whales or macro catalysts
Strong bearish/fearful bias — common near panic lows and improved risk/reward zones
Bitcoin has now moved into this fear-driven "green zone", a region where retail panic historically peaks and local bottoms often form.

Sentiment remains a powerful driver, and BTC price frequently moves opposite the crowd's dominant narrative, meaning extreme fear often aligns with rebound potential.

Read Next:

Eric Trump Defends Bitcoin: No Asset Matches Its History, ‘Every Cycle Has Drawdowns’
Image: Shutterstock

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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TL;DR

CleanCore suffers a collapse after putting Dogecoin at the center of its treasury, with its shares (ZONE) dropping 78% to a low of $0.3818.
The company reports a net loss of $13.4M and rising expenses of $8.6M, while DOGE falls over 21%, intensifying pressure on the shares.
The firm acquired more than 733M DOGE through a $175M private placement, but the token’s decline wiped out gains and raises doubts about its strategy.

CleanCore Solutions experienced a record drop in its stock price after placing Dogecoin at the core of its treasury strategy.

The company’s shares, trading under the ticker ZONE on NYSE American, fell 78% over the past month, reaching a low of $0.3818 and closing the latest session down nearly 12%. The decline reflects a combination of quarterly losses and DOGE’s weakness, which dropped more than 21% over the same period, trading near $0.163.

CleanCore Reports Net Loss Exceeding $13 Million
CleanCore reported its fiscal first-quarter results, closing the period with a net loss of $13.4 million, compared to $0.9 million in the same period last year. While revenue doubled to $0.9 million and gross profit improved to $0.5 million, general and administrative expenses surged to $8.6 million. The increase was driven by professional fees, stock-based compensation, new salaries, and insurance costs tied to its Dogecoin treasury rollout.

CleanCore’s strategy included acquiring over 733 million DOGE, valued at approximately $117.5 million, through a $175 million private placement. The company aims to acquire 5% of Dogecoin’s circulating supply to enhance the token’s real-world utility and position it as a “trusted reserve asset,” according to CEO Clayton Adams. However, the timing of these purchases coincided with a sharp drop in DOGE’s price, generating unrealized losses and adding pressure on the company’s shares.

The largest purchases occurred above current market levels, and although the company briefly reported over $20 million in unrealized gains earlier in the quarter, these evaporated as the token fell. More than 80 institutional investors participated in the strategy, including Pantera, GSR, FalconX, and Borderless Capital.

The collapse contrasts with broader corporate adoption of Dogecoin. DogeHash Technologies, for example, is expanding its mining operations with over 500 additional ASICs after securing a $2.5 million loan, while CleanCore has failed to translate adoption into stock performance.

Although ZONE has gained more than 60% year-to-date, it still trades far below the reported net asset value of its treasury. The combination of high acquisition costs, operational losses, and DOGE’s decline keeps CleanCore under intense pressure as investors assess the viability of its strategy

Key Takeaways C3.ai's Q1 FY26 revenues plunged 19% Y/Y, missing guidance and sending shares down over 25%.AI blamed the sales miss on a salesforce reorg and CEO health issues, despite strong industry partnerships.VERI's AI training data and public-sector pipeline are driving growth, with shares up 95.5% in three months.
C3.ai (AI - Free Report) and Veritone (VERI - Free Report) are two small-cap companies at the forefront of enterprise artificial intelligence software. C3.ai, founded by tech veteran Tom Siebel, brands itself as an Enterprise AI application software provider serving industries from energy to defense. Meanwhile, Veritone focuses on “human-centered” AI solutions for media, entertainment, the public sector and more. Both firms build AI platforms (C3.ai’s suite of enterprise applications and Veritone’s aiWARE platform) that help organizations turn big data and machine learning models into actionable business insights.

Both stocks are at inflection points following their most recent earnings results. C3.ai is coming off a strong fiscal 2025 with accelerating top-line growth, but its preliminary first-quarter fiscal 2026 update shows ongoing operating losses and heavy cash burn. On the contrary, Veritone is growing its core software revenues and expanding its defense and data-refinery pipelines, but overall sales remain pressured by weakness in legacy services. Veritone stock has swung on earnings news, jumping on upbeat guidance despite ongoing losses.

Given these dynamics, the comparison between the two is timely. Let’s dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.

The Case for C3.ai StockC3.ai has been a high-profile name in enterprise AI, known for its broad industry reach and marquee partnerships. In the most recent reported quarter (the fourth quarter of fiscal 2025), C3.ai posted $108.7 million in revenues (up 26% year over year) — a record level fueled by rising demand for its AI applications. Subscription-based sales make up the bulk of C3’s revenues, and the firm has strategic alliances with tech giants like Microsoft (MSFT - Free Report) , Amazon’s (AMZN - Free Report) Amazon Web Services, and Alphabet’s (GOOGL - Free Report) Google Cloud, as well as a renewed multi-year partnership with Baker Hughes in the industrial sector. These alliances and a presence across 19 different industries give C3.ai a wide competitive footprint to chase new enterprise customers.

Despite these strengths, C3.ai’s near-term outlook has darkened following a disappointing summer update. In August, management revealed preliminary first-quarter fiscal 2026 revenues of only about $70.2-$70.4 million, which is down about 19% from $87.2 million a year earlier and drastically below the $100-$109 million range they had guided for that quarter in May. GAAP operating loss is estimated in the range of $124.7 million-$124.9 million, while the non-GAAP operating loss is predicted to be between $57.7 million and $57.9 million.

This shock shortfall – a massive miss on the company’s own guidance – sent the stock plunging over 25% in one day and to multi-year lows. CEO Tom Siebel frankly called the sales results “completely unacceptable,” blaming a disruptive reorganization of C3.ai’s sales force and his own health issues for the flop.

Despite the rough preliminary first-quarter fiscal 2026 report, several underlying positives suggest that C3.ai may still be set for a potential rebound. The long-term opportunity is undeniable: enterprises continue to seek AI-driven efficiencies, and C3.ai’s platform is well-positioned to capitalize if it can execute. C3.ai differentiates itself from other enterprise AI providers by offering industry-specific, prebuilt AI applications and a full-stack, low-code development platform, enabling quicker deployments across sectors like defense, healthcare, energy and beyond. These capabilities, paired with strategic alliances such as go-to-market relationships with Microsoft, AWS, Google Cloud, PwC and McKinsey QuantumBlack, continue to bolster C3.ai's market reach and credibility.

C3.ai continues to maintain a strong liquidity position. As of late July 2025, the company held about $711.9 million in cash, cash equivalents and marketable securities — only slightly below its April balance of $742.7 million. This sizable cushion provides ample runway for operations, even as the firm remains in non-GAAP loss territory.

The Case for Veritone StockVeritone is a considerably smaller company, but it has been showing encouraging progress in 2025. Veritone’s future is being reshaped by two powerful growth engines: VDR’s role in the surging demand for AI training data and deepening adoption of aiWARE/iDEMS in the public sector. VDR has quickly built momentum since its late-2024 launch. In the second quarter of 2025, its qualified near-term pipeline surpassed $20 million, more than doubling since the first quarter and rising 33% since June. The product already processed 5 trillion tokens of video and audio data during the quarter, highlighting its scale and capability. This positions Veritone as a critical supplier of training data for both hyperscalers and enterprises, a market projected to expand dramatically through the decade.

Veritone is gaining significant traction in the public sector, where AI adoption is accelerating. In the second quarter, the company signed 35 new public sector customers and 95 renewals, including a major sole-source contract with the U.S. Air Force for its aiWARE platform and iDEMS (Intelligent Digital Evidence Management System). The public sector pipeline expanded to $189 million, up from $110 million in first quarter. With defense technology spending projected near $1 trillion and AI prioritized in U.S. government initiatives, Veritone is well positioned to secure long-term recurring contracts.

Beyond government, Veritone is deepening its commercial reach. It closed 11 enterprise software deals in the second quarter, including with ESPN, Inter Milan and the U.S. Soccer Federation. Customers are using aiWARE to unlock and monetize media libraries across broadcasting, film and sports.

Despite revenue stability, profitability metrics weakened. GAAP gross profit fell 7% year over year to $15.3 million, while the GAAP gross margin compressed to 63.9% from 68.2% in the second quarter of 2024. The non-GAAP gross margin also slipped to 68.9% from 73.6%, mainly due to the higher contribution from lower-margin VDR and managed services. Operating loss improved modestly to $19.3 million compared with $20.3 million in the prior-year quarter, thanks to cost discipline. However, the net loss widened to $26.8 million, primarily reflecting a non-cash charge tied to the divestiture of Veritone One.

The company has been burning cash, which led management to initiate a cost reduction program (targeting $10 million in annual savings) and to raise about $10 million in fresh equity capital in July. Share dilution and a weak balance sheet are key risks – Veritone had $13.6 million in cash on hand at quarter’s end. Moreover, competition in AI is fierce. Veritone must compete not only with other AI software startups but also with in-house development at big tech companies and potential customers’ own IT teams. The intense industry competition and economic uncertainties (e.g., tightening IT budgets or slower public-sector spending) could affect Veritone’s growth trajectory.

Share Price Performance: C3.ai vs. VeritoneC3.ai stock has experienced a significant decline, falling 37.8% over the past three months. AI stock fell around 24% since it released its preliminary results for its fiscal first quarter, which ended on July 31, 2025. Recent news indicates challenges for the company, including quarterly revenues falling below expectations, which has impacted investor confidence.

Meanwhile, Veritone stock has jumped 95.5% over the same time frame. The company’s aim to reach profitability by the second half of 2026 suggests a light at the end of the tunnel, and each quarter of narrowing losses moves it closer to that goal.

Image Source: Zacks Investment Research

Valuation of AI & VERI StocksAI stock is priced at a discount relative to its industry. It has a forward 12-month price-to-sales (P/S) ratio of 5.44, which is well above the VERI average.

The firm’s current market capitalization is only around $168 million, which is barely 1.4X F12M sales — a fraction of C3.ai’s valuation multiple. This low valuation partly reflects the company’s risks (small size and ongoing losses), but it also means the stock could have substantial upside if Veritone executes well.

Image Source: Zacks Investment Research

Earnings Estimate Trends & Growth Rate for AI and VERI StocksThe Zacks Consensus Estimate for fiscal 2026 and 2027 loss per share has widened to $1.39 and 47 cents from a loss of 42 cents and 16 cents in the past 30 days, respectively. The estimated figure indicates a widened loss for fiscal 2026 compared to what was expected earlier, as you can see below.

For AI Stock

Image Source: Zacks Investment Research

Analysts are growing increasingly optimistic about VERI’s earnings potential. Over the past 30 days, the Zacks Consensus Estimate for VERI’s 2025 loss per share has narrowed to 55 cents per share from 58 cents, reflecting a positive shift in sentiment. The estimated figure depicts a narrower loss for 2025 compared to 2024, as shown below.

For VERI Stock

Image Source: Zacks Investment Research

ConclusionBoth C3.ai and Veritone are riding the enterprise AI wave, but their near-term trajectories have diverged. C3.ai offers a bigger scale and brand in the AI arena, with hundreds of millions in revenues and major partnerships. However, it is currently hampered by execution issues and sliding sales momentum.

Veritone, by contrast, is a scrappy up-and-comer that is growing its core AI revenues double-digit and has recently snagged high-profile deals (like the U.S. Air Force contract) that validate its strategy. Looking at 2025, Veritone appears to offer more upside potential. The company is forecasting solid revenue growth and incrementally improving losses, which, if achieved, could rerate its stock from the depressed valuation it trades at today. The current Zacks Ranks underscore this divergence: Veritone carries a Rank #3 (Hold), whereas C3.ai sits at Rank #4 (Sell).

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

Looking for a place to start? Check out Best AI Stocks to Buy for our picks and in-depth industry guide.

Q3: 2025-11-14 Earnings SummaryEPS of $0.87 beats by $0.08

Allianz SE (OTCPK:ALIZY) Q3 2025 Earnings Call November 14, 2025 5:00 AM EST

Company Participants

Frank Stoffel
Claire-Marie Coste-Lepoutre - CFO & Member of the Board of Management

Conference Call Participants

Michael Flämig
Jean-Philippe Lacour
Tami Holderried
Ben Dyson

Presentation

Frank Stoffel

Good morning, everyone, and welcome to Allianz's Third Quarter and 9 Months 2025 Media Conference Call. Thank you for joining us today. My name is Frank Stoffel, Head of Financial Communications and Valuation Relations, and I'm here at our headquarters in Munich with our Chief Financial Officer, Claire-Marie Coste-Lepoutre; and our Group Head of Communications, Lauren Day. Today's conference call is scheduled for 60 minutes. And as usual, we will answer your questions following our presentation.

With this, it is my pleasure to hand over to our CFO, Claire-Marie Coste-Lepoutre.

Claire-Marie Coste-Lepoutre
CFO & Member of the Board of Management

Thank you very much, Frank, and good morning to all of you. I'm very pleased to report on another very strong quarter for the group, which is building to an excellent contribution to the year and our 3-year plan. Our results are supported by both an ongoing top line momentum and an attractive margin development. Across the organization, we are working on our 3 strategic levers of smart growth, productivity and resilience, with first signs of materializations into our numbers.

As you can see on Page A4, year-to-date, our business volume growth continues to be very strong at 8.5%. As previously, this growth is diversified from a segment perspective and within the segment across businesses and geographies, which gives us a lot of strength for the future. Our operating profit is now up by more than 10% year-to-date. The number FX adjusted would even be 13%. Here as well, we see positive developments in all our segments.

Our core net

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Good morning, ladies and gentlemen, and welcome to the Nauticus Robotics 2025 Q3 Earnings Call. [Operator Instructions] This call is being recorded on Friday, November 14, 2025.

I would now like to turn the conference over to Kristin Moorman. Please go ahead.

Kristin Moorman
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Thank you, and good morning, everyone. Joining me today and participating in the call are John Gibson, CEO and President; Jimena Begaries, Interim CFO; and other members of our leadership team. On today's call, we will first provide prepared remarks concerning our financial and operations results. Following that, we will answer questions. We have now released our results for the third quarter of 2025, which are available on our website.

In addition, today's call is being webcast, and a replay will be available on our website shortly following the conclusion of the call. Please note that comments we make on today's call regarding projections or our expectations for future events are forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations.

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Toronto, Ontario--(Newsfile Corp. - November 14, 2025) - Raj Grover, Chief Executive Officer, High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI), shares the Company's story in an interview with TMX Group.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=wnHkD25n3VM

The "View From The C-Suite" video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. These videos provide insight into how company executives think in the current business environment. To see the latest "View From The C-Suite" visit https://www.tsx.com/en/c-suite.

About High Tide Inc. (TSXV: HITI)

High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide, through its wholly owned subsidiary, Canna Cabana, operates the world's second-largest cannabis retail brand and is also a leading supplier of medical cannabis in Germany through Remexian Pharma GmbH. High Tide also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD products.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of America' s Fastest Growing Companies for 2023.

To learn more, visit: https://hightideinc.com/

SOURCE Toronto Stock Exchange

MEDIA CONTACT:
Carter Brownlee
Communications and Public Affairs Advisor
High Tide Inc.
[email protected]
403-770-3080

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274587

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company”) is pleased to announce that, in connection with its previously announced commercially reasonable efforts private placement (the “Offering”) it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents including Velocity Capital Partners and CIBC Capital Markets (collectively, the “Agents”) to increase the size of the Offering to: (i) up to 11,538,462 hard dollar units of the Company (the “Units”) at a price of C$0.26 per Unit (the “Unit Issue Price”), (ii) up to 7,537,690 charity flow-through units of the Company (the “Charity FT Units”) at a price of C$0.398 per Charity FT Unit, and (iii) up to 5,000,000 flow-through common shares of the Company (the “FT Shares”, and together with the Units and Charity FT Units, the “Offered Securities”) at a price of C$0.30 per FT Share, for aggregate gross proceeds to the Company of up to approximately C$7,500,000 (collectively, the “Offering”).

Each FT Share will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and will qualify as an “eligible flow-through share” as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). Each Unit will consist of one common share of the Company (a “Unit Share”) plus one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit will consist of one FT Share plus one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a “Warrant Share”) at an exercise price of C$0.37 for 24 months following the Closing Date (as defined below).

The Company understands that purchasers of the Charity FT Units may immediately resell or donate some or all of the Charity FT Units to registered charities, who may sell such units (the “Resale Units”) concurrent with closing of the Offering to purchasers arranged by the Agents at a price per Resale Unit equal to the Unit Issue Price.

The Company intends to use the net proceeds from the sale of Units to fund exploration and for additional working capital purposes. The gross proceeds from the sale of Charity FT Units and FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada), and to incur “eligible flow-through mining expenditures” pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the “Qualifying Expenditures”) related to the Company’s uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units and FT Shares effective December 31, 2025.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered by way of the “accredited investor”, “family, friends and business associates” and “minimum amount investment” exemptions under NI 45-106 in all of the provinces of Canada, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Unit Shares, FT Shares and Warrant Shares issuable pursuant to the Offering will be subject to a hold period ending on the date that is four months plus one day following the Closing Date under applicable Canadian securities laws.

The Offering is expected to close on or about December 4, 2025 (the “Closing Date”), or such other date as the Company and the Agents may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Company will pay to the Agents a cash commission of 5.0% of the gross proceeds raised in respect of the Offering, other than in respect of up to C$1,500,000 in Offered Securities issued to certain purchasers on a president’s list to be agreed upon by the Company and the Agents (the “President’s List”), in which case the commission in respect of such issuance shall be equal to 3.0%. In addition, the Company will issue to the Agents compensation options, exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares which is equal to 6.0% of the number of Offered Securities sold under the Offering at an exercise price equal to the Unit Issue Price, other than in respect of Offered Securities issued to purchasers on the President’s List, in which case the Company will not issue any compensation options.

The Offered securities described in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any United States state securities laws, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons absent registration or an exemption from registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, not in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

The terms “Unites States” and “U.S. person” used herein are as defined in Regulation S under the U.S. Securities Act.

About Cosa Resources Corp.

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors.

In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines that has secured Cosa access into several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa’s largest shareholder, Denison gains exposure to Cosa’s potential for exploration success and its pipeline of uranium projects.

Cosa’s award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison’s Gryphon deposit and 92 Energy's GMZ zone and held key roles in the founding of both NexGen and IsoEnergy.

The Company’s focus throughout 2026 is drilling at the Darby and Murphy Lake North projects in the eastern Athabasca Basin. Both projects are operated by Cosa and are 70/30 joint ventures between Cosa and Denison respectively. Drilling at Darby is planned to test priority targets identified by thorough review of historical data and drill core and will target areas with anomalous uranium, clay alteration, and historical mineralization intersected nearby. Drilling at Murphy Lake North will follow up 2025 drilling which intersected broad zones of structurally controlled alteration over roughly 2 kilometres of strike length.

Contact

Keith Bodnarchuk, President & CEO
[email protected]
+1 888-899-2672 (COSA)

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

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Cosa expects or anticipates will or may occur in the future including the closing date of the Offering, proposed use of proceeds of the Offering and the tax treatment of the Charity FT Units and FT Shares.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective manner.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the future tax treatment of the Charity FT Units and FT Shares, competitive risks and the availability of financing; precious metals price volatility; risks associated with the conduct of the Company's mining activities; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the speculative nature of exploration and development; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SAN FRANCISCO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Shareholder rights firm Hagens Berman is scrutinizing Icelandic biopharmaceutical company Alvotech (NASDAQ: ALVO) over the propriety of its disclosures regarding its lead drug candidate and its manufacturing operations, following a dramatic revision to the company’s full-year financial forecasts.

The firm urges investors in Alvotech who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.

Alvotech (ALVO) Investigation: 

The central focus of the inquiry revolves around whether Alvotech provided adequate transparency to the market concerning the status of its Biologics License Application (BLA) for AVT05—a critical biosimilar product—and the underlying manufacturing practices at its flagship Reykjavik facility. The assumptions related to these practices were "baked into" the company's ambitious 2025 revenue projections.

On May 8, 2025, Alvotech increased its full year revenue guidance for 2025 to $600-$700 million and full year adjusted EBITDA to $200-$280 million.

Three months later, on August 14, 2025, the company reiterated these robust forecasts. Furthermore, in its earnings commentary, management touted its pending marketing application for AVT05 in “major global markets,” asserting this momentum would make "the fourth quarter… by far the strongest one of this year.”

The narrative of steady growth was abruptly shattered on November 2, 2025, when Alvotech shocked investors when it announced the FDA issued a CRL that disclosed that “[t]e CRL noted that certain deficiencies, which were conveyed following the FDA’s pre-license inspection of Alvotech’s Reykjavik manufacturing facility that concluded in July 2025, must be satisfactorily resolved before this BLA for ATV05 can be approved.”

The company reduced its 2025 revenue to $570-$600 million and adjusted EBITDA to just $130-$150 million, respectively. These reductions were critical to investors because they amounted to lowered forecasted revenue range by about 10% below the prior midpoint and a whopping lowered adjusted EBITDA range by about 58% from the prior midpoint.

As to the latter, Alvotech stated it was “primarily driven by expected continuation of investments related to resolving certain facility issues, which also require a temporary slowdown in production.”

The news sent Alvotech shares crashing about 33% on November 3, 2025, wiping out hundreds of millions of dollars in market value in a single day.

“We’re focused on investors’ losses and whether Alvotech may have misled investors about its interactions with the FDA and the commercial prospects of ATV05,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Alvotech and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Alvotech investigation, read more »

Whistleblowers: Persons with non-public information regarding Alvotech should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

Major U.S. equities indexes were mixed Friday afternoon, following a sharp decline Thursday fueled by a selloff of tech stocks. The Dow Jones Industrial Average was down 0.3%, while the S&P 500 was up 0.5%, and the Nasdaq climbed 0.8%.

StubHub (STUB) stock dropped nearly 25%, in its worst day since going public in September, a day after the ticket reseller declined to offer guidance for the current quarter.

Shares of drugmaker Bristol-Myers Squibb (BMY) lost 3.4%, making it the biggest decliner on the S&P 500. The company is halting a trial of a heart drug it is developing with Johnson & Johnson (JNJ).

Netflix (NFLX) shares slipped about 3%, a day after reports emerged the streaming giant is among those preparing bids to acquire Warner Bros. Discovery (WBD).

Cidara Therapeutics (CDTX) stock soared, more than doubling in value after Merck (MRK) announced a deal to acquire the flu prevention drugmaker for $221.50 per share, valuing it at some $9.2 billion.

DoorDash (DASH) stock was among the biggest S&P gainers with a nearly 7% rise, reclaiming some of the food delivery platform's losses following its earnings report last week.

The price of Bitcoin fell, briefly dropping below $95,000 Friday morning. Most other major cryptocurrencies also slid. Oil futures climbed 2.5% to above $60 per barrel, while gold futures were down about 2%. The yield on the 10-year Treasury note was little changed. The U.S. dollar was slightly lower against the euro, pound, and yen.

Do you have a news tip for Investopedia reporters? Please email us at

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Key Takeaways AI demand and data center growth pushed APH, WDC, CLS, JBL and FIX up over 45% in 2025.APH, WDC and CLS show strong revenue and earnings growth expectations this year.JBL is set to invest $500M in AI infrastructure while FIX rides HVAC demand from data centers.
The artificial intelligence (AI) saga, supported by the massive growth of cloud computing and data centers, is yet to unfold fully. The demand for data center capacity surged to manage and store the vast amount of cloud computing-based data. 

The AI infrastructure space remains rock solid, supported by an extremely bullish demand scenario. According to a report by Bloomberg Intelligence, “The generative AI market is poised to explode, growing to $1.3 trillion over the next 10 years from a market size of just $40 billion in 2022.”

On Aug 26, the International Data Corporation’s (IDC) Worldwide Artificial Intelligence IT Spending Market Forecast reported that global AI spending will grow by 31.9% from 2025 to 2029. Spending on AI, especially agentic AI, will reach around $1.3 trillion by 2029, indicating 26% of global IT spending. 

To reap the benefits of this enormous opportunity, we recommend that investors buy five large AI-powered data center and cloud infrastructure developers. These stocks have skyrocketed in 2025 providing returns of more than 45%. Despite this, their current favorable Zacks Rank indicates more potential for growth in the near term. 

These five stocks are: Amphenol Corp. (APH - Free Report) , Western Digital Corp. (WDC - Free Report) , Celestica Inc. (CLS - Free Report) , Jabil Inc. (JBL - Free Report) and Comfort Systems USA Inc. (FIX - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

Amphenol Corp. Zacks Rank #1 Amphenol provides connectivity solutions using AI and ML (machine learning) technologies. It provides AI-powered high-density, high-speed connectors and cables, and interconnect systems optimized for signal integrity and thermal performance. 

APH benefits from a diversified business model. Its strong portfolio of solutions, including high-technology interconnect products, is a key catalyst. The company is a dominant force in AI-powered data center interconnects, commanding an estimated 33% market share. APH’s advanced fiber-optic and high-density interconnect solutions are now essential for hyperscale data centers and 5G deployments. 

Expanding spending on both current and next-generation defense technologies bodes well for APH’s top-line growth. Apart from Defense, Amphenol’s prospects ride on strong demand for its solutions across Commercial Air, Industrial, and IT Datacom. Solid demand for high-speed and power interconnect products, which are critical components in next-generation IT systems, creates a long-term growth opportunity. 

Rising AI workloads and cloud infrastructure upgrades are fueling demand for high-speed interconnects. This momentum is expected to support the Communications Solutions segment. Electrification in transportation and increasing electronic content in medical devices are driving the adoption of APH’s cable assemblies and sensor-based systems. These drivers are expected to support steady growth in the Interconnect and Sensor Systems segment. 

Amphenol has an expected revenue and earnings growth rate of 41.5% and 59.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.3% in the last 30 days. 

Western Digital Corp.Zacks Rank #1 Western Digital has been witnessing strong execution amid intensified cloud and AI demand. Cloud end market (90% of total revenue) surged 36% in the last reported quarter, driven by strong demand for high-capacity nearline HDDs. WDC doubled shipments of 26TB CMR and 32TB UltraSMR drives and is on track to ramp up HAMR drives in the first half of 2027.

WDC expects the proliferation of generative AI-driven storage deployments to result in a client and consumer device refresh cycle, and boost content creation and storage in smartphone, gaming, PC and consumer electronics in the long run. The increasing AI adoption is likely to drive increased storage demand across both HDD and Flash at the edge and core, thereby providing ample business opportunities. 

Generative AI adoption surged to 65% in 2024 from 33% in 2023. Gen AI adoption is driving eSSD sales due to its speed, reliability and efficiency over HDDs. Growing AI data boosts demand, fueling eSSD market growth and reshaping storage.

Agentic AI is driving future data growth, while its platform business is gaining traction among native AI firms and SaaS providers. WDC expects fiscal first-quarter 2026 revenues of $2.7 billion (+/- $100 million), up 22%, driven by strong data center demand and high-capacity drive adoption.

Western Digital has an expected revenue and earnings growth rate of -17.8% and 31.9%, respectively, for the current year (ending June 2026). The Zacks Consensus Estimate for current-year earnings has improved 13.4% in the last 60 days. 

Celestica Inc.Zacks Rank #1 Celestica is one of the largest electronics manufacturing services (EMS) companies in the world, serving OEMs, cloud-based and other service providers, and business enterprises across several industries. CLS offers a comprehensive range of manufacturing and supply-chain solutions that support various customer requirements, from low-volume, high-complexity custom products to high-volume commodity products.

Celestica is benefiting from healthy demand trends in the Connectivity & Cloud Solutions segment. The growth is primarily backed by CLS’ strength in Hyperscaler Portfolio Solutions networking business and optical programs, especially increasing demand for 800G and 400G network switches. 

CLS has established itself as a dominant player in the rapidly expanding AI infrastructure market. Per Grandview Research, the AI infrastructure market is projected to reach $223.45 billion by 2030 at a compound annual growth rate of 30.4% from 2024 to 2030. Celestica is rapidly expanding its portfolio offering to capitalize on this market trend.

The growing proliferation of AI-based applications and generative AI tools is fueling solid AI investments across the technology ecosystem. This, in turn, is driving demand for CLS’ enterprise-level data communications and information processing infrastructure products, such as routers, switches, data center interconnects, edge solutions and servers and storage-related products.

Celestica has an expected revenue and earnings growth rate of 20.6% and 43%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9.9% in the last 60 days. 

Jabil Inc. Zacks Rank #2 Jabil is one of the largest global suppliers of EMS solutions. JBL offers electronics design, production, product management and after-market services to customers in more than a dozen industry verticals. 

JBL has been benefiting immensely from healthy momentum in capital equipment, AI-powered data center infrastructure, cloud, and digital commerce business verticals. Its focus on end-market and product diversification is a key catalyst. Jabil’s target that “no product or product family should be greater than 5% operating income or cash flows in any fiscal year” is commendable. 

With a presence across 100 locations in 30 countries, Jabil is likely to gain from secular growth drivers with strong margins and cash flow dynamics. Moreover, its focus on end-market and product diversification is a key catalyst. JBL’s top-line is expected to benefit from strength in AI data center infrastructure, capital equipment and warehouse automation markets. 

JBL is set to invest $500 million over the next several years to expand its manufacturing capabilities for the AI data center vertical. This will significantly boost the company’s position in the AI hardware supply chain. JBL’s unmatched end-market experience, technical and design capabilities, manufacturing know-how, supply-chain insights and global product management expertise have put it in good standing. 

Massive application of generative AI is set to drastically increase the efficiency of JBL’s automated optical inspection machines for the automation industry. A large-scale portfolio of business sectors offers JBL a high degree of resiliency during times of macroeconomic and geopolitical disruption.

An extensive global footprint is further strengthened by a centralized procurement process, which, coupled with a single Enterprise Resource Planning system, aids customers with end-to-end supply-chain visibility. A worldwide connected factory network enables JBL to scale up production per the evolving market dynamics. 

Management’s focus on improving working capital management and integration of sophisticated AI and ML (machine learning) capabilities to enhance the efficiency of its internal processes is a major tailwind.

Jabil has an expected revenue and earnings growth rate of 6.1% and 17.8%, respectively, for the current year (August 2026). The Zacks Consensus Estimate for current-year earnings has improved 0.3% in the last 60 days. 

Comfort Systems USA Inc.Zacks Rank #1 Comfort Systems USA is a national provider of comprehensive heating, ventilation and air conditioning (HVAC) installation, maintenance, repair and replacement services. FIX operates primarily in the commercial and industrial HVAC markets, and performs most of its services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities.

The data center boom, driven by AI, cloud computing, and high-performance computing, is fueling demand for the specialized HVAC solutions of FIX. Cooling systems for these facilities must deliver precise and reliable performance, prompting investments in advanced technologies like liquid cooling and modular units. 

This segment is becoming a significant growth driver for FIX, offering high-margin opportunities and attracting M&A activity. HVAC firms with capabilities in precision cooling and energy-efficient infrastructure are well-positioned to capture share in this fast-expanding niche.

Comfort Systems USA has an expected revenue and earnings growth rate of 13.9% and 44.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.8% in the last 60 days.

Looking for a place to start? Check out Best AI Stocks to Buy for our picks and in-depth industry guide.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI company, has been named a Leader in the IDC MarketScape: Worldwide General-Purpose Knowledge Discovery 2025 Vendor Assessment (doc #US53011225, November 2025). The IDC MarketScape report recognizes Elasticsearch as a widely deployed open source document and vector database, offering developers a powerful search and analytics engine with the speed and scale needed for creating generative AI and other applications. Built for rele.

By

PYMNTS
 | 
November 14, 2025

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Alibaba.com plans to add agentic artificial intelligence (AI) capabilities to its B2B eCommerce platform in December.

The new AI Mode feature will help businesses discover, evaluate and engage with suppliers, the company said in a Friday (Nov. 14) press release.

For example, AI Mode will deliver tailored recommendations to businesses in seconds by interpreting natural language queries, analyzing technical specifications, and comparing suppliers’ pricing, logistics, certifications and production capabilities, according to the release.

Alibaba.com also aims to provide a fully automated, end-to-end trade experience by connecting AI Mode with the platform’s existing services such as secure payment, Trade Assurance and after-sales support, the release said.

“AI is no longer a supplementary tool at Alibaba.com — it’s evolving into the operating system of our platform,” Alibaba.com President Kuo Zhang said in the release.

AI Mode is powered by Alibaba.com’s AI-powered B2B search engine Accio, which was launched in 2024, according to the release.

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Accio can extract meaning from product sketches, engineering blueprints, documents, certificates, factory capabilities and track records, and other unstructured inputs, per the release.

“This capability unlocks what Alibaba.com calls the ‘hidden product shelf’: the vast network of specialized, custom or regionally focused suppliers — often high-potential SMEs [small and medium-sized enterprises] — whose expertise remains invisible under traditional, keyword-driven discovery models,” the release said.

When Alibaba.com unveiled Accio in November 2024, it was reported that this AI-powered search engine was designed to help small businesses in Europe and the Americas source supplies.

The search engine uses the company’s large language model, Tongyi Qianwen (Qwen), and its data comes from 50 million businesses on Alibaba International’s platform as well as publicly available information.

PYMNTS reported in July that Alibaba had resharpened its focus on AI and eCommerce by paring away non-core businesses and concentrating on the user experience and having AI everywhere.

In August, Alibaba Group said that during the quarter ended June 30, the company saw year-over-year revenue growth of 2%, or 10% when revenue from two businesses it sold over the past year is excluded.

The company said it was “embarking on a new chapter of entrepreneurship by investing in two strategic pillars of consumption and AI + Cloud.”

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

Key Takeaways SOUN posted 217% revenue growth in Q2 2025 and raised its full-year guidance to up to $178 million.SOUN expanded across restaurants and automotive while diversifying clients and acquiring voice AI firms.AI's Q1 revenue dropped 19% as leadership changes and weak sales execution delayed profitability goals.
Artificial intelligence (“AI”) has fueled impressive rallies in many tech stocks, and two notable players are SoundHound AI (SOUN - Free Report) and C3.ai (AI - Free Report) . SoundHound focuses on conversational and voice AI across industries such as restaurants, automotive, and financial services. Meanwhile, C3.ai focuses on enterprise-scale AI applications spanning defense, manufacturing, and government. Both stocks have captured significant investor attention, yet their financial trajectories and execution challenges diverge sharply.

With SoundHound reporting record quarterly growth and raising its 2025 outlook, and C3.ai undergoing leadership changes while restructuring its sales force amid revenue declines, the comparison is timely. Investors evaluating upside potential in 2025 must weigh growth momentum, execution risk, valuation, and competitive positioning.

Let’s dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.

The Case for SoundHound StockSoundHound is quickly establishing itself as a disruptor in voice AI, benefiting from surging demand across industries. Its conversational AI platform has gained strong traction in restaurants, now live at more than 14,000 locations as of the second quarter of 2025, including deployments with Applebee’s, Chipotle, and Red Lobster. Automotive is another growth pillar, with major partnerships and a recent global win in China to embed voice assistants in vehicles. This broad enterprise adoption—from drive-thrus to connected cars—highlights SoundHound’s ability to capture AI spending in specialized niches.

The company has also reduced customer concentration risk, with no single client contributing more than 10% of second-quarter 2025 revenues. Strategic acquisitions, including Amelia (dialogue AI) and SYNQ3 (restaurant voice ordering), are adding tens of millions in recurring revenue and enhancing cross-selling opportunities. These moves strengthen its product suite and accelerate expansion.

Financial momentum is equally strong. Second-quarter 2025 revenues surged 217% year over year to a record $42.7 million, driving management to raise full-year guidance to $160–$178 million, nearly double 2024 revenue, with strength across automotive, restaurants, and enterprise services.

However, profitability remains under pressure. GAAP gross margin slipped to 39% in the second quarter due to lower-margin acquired contracts, though non-GAAP margin improved to 58% as integration gains took hold. Operating expenses surged—R&D up 64%, sales and marketing up 180%, and G&A up 91%—keeping adjusted EBITDA in the red with a $14.3 million loss. Management also flagged deal lumpiness, noting that large enterprise and OEM contracts could drive quarterly swings, with the third-quarter seasonality before a stronger fourth-quarter ramp. Again, investors should also weigh SoundHound’s intense competition. The company operates in a space dominated by tech giants like Amazon’s (AMZN - Free Report) Alexa, Alphabet’s (GOOGL - Free Report) Google (Assistant), and Apple’s (AAPL - Free Report) Siri, all of whom invest heavily in voice AI.

Nonetheless, the company’s balance sheet appears solid. SoundHound held roughly $230 million in cash with zero debt as of June 30, 2025, giving it ample liquidity to invest in R&D and sales expansion.

Management is focused on cost discipline and has stated plans to reach adjusted EBITDA break-even by the end of 2025, indicating that positive cash flow is on the horizon if growth continues. Overall, SoundHound has validated its bold growth strategy with tangible results, and it is leveraging a favorable market wave in conversational AI.

The Case for C3.ai StockC3.ai has a very different profile: it’s an established player in enterprise AI software, targeting large-scale implementations for corporations and government agencies. The company provides a broad platform of turn-key AI applications addressing use cases like predictive maintenance, supply chain optimization, fraud detection, and more. The company has already launched more than 131 pre-built enterprise AI applications, providing customers with rapid access to tested and scalable solutions.

C3.ai’s partner ecosystem is becoming one of its most important growth drivers. In the most recent quarter, 90% of the company’s closed deals were partner-led, involving major global technology players such as Microsoft (MSFT - Free Report) Azure, Amazon’s AWS, Google Cloud, and McKinsey QuantumBlack. These partnerships multiply C3.ai’s reach, effectively giving it access to tens of thousands of enterprise sales professionals worldwide.

Customer traction also highlights the strength of the technology. Expansions with major players like Nucor, Qemetica, HII, and the U.S. Army underscore the enterprise-grade nature of C3.ai’s platform. In particular, the U.S. Army’s deployment of contested logistics applications on C3’s agentic AI platform demonstrates the company’s ability to address mission-critical use cases. Management also introduced a Strategic Integrator Program, allowing OEMs and system integrators to build their own domain-specific solutions on top of the C3 platform, which could become a scalable new revenue stream.

C3.ai’s biggest hurdle is execution. In the first quarter of fiscal 2026, revenue fell 19% year over year to $70.3 million, missing estimates and marking its first post-IPO guidance miss. CEO Tom Siebel labeled the results “unacceptable,” citing weak sales execution and leadership changes. Losses widened, with a non-GAAP operating loss of $57.8 million, negative free cash flow of $34.3 million, and gross margin slipping to 52% on higher costs and limited scale. While management reaffirmed its long-term profitability goal, the weak start has delayed progress. Although the company has signed 28 initial production deployments, converting these costly early projects into recurring subscription revenue remains inconsistent, which puts pressure on margins.

Despite near-term turbulence, C3.ai maintains a solid balance sheet with $711.9 million in cash and securities, giving it flexibility to invest in growth initiatives and weather operating losses.

Share Price Performance of SOUN and AI StocksOver the past three months, SOUN stock has skyrocketed by approximately 52%, significantly outperforming AI’s performance, which plunged 26.9% during the same time frame.

SoundHound is currently trading 43.2% below its 52-week high of $24.98 but remains substantially above its 52-week low by 218.9%, indicating it has recovered significantly from its lowest price point over the last year. In contrast, C3.ai trades 19.3% above its 52-week low of $14.70, showing some recovery, but remains well 61.1% below its 52-week high.

Overall, SOUN demonstrates greater resilience and a wider price range recovery compared to AI.

3-Month Share Price Performance

Image Source: Zacks Investment Research

Valuation of SOUN & AI StocksAt a $5.8 billion market cap, SoundHound’s forward 12-month price/sales (P/S) ratio is 28.95 – a rich multiple compared to traditional IT services firms, implying high expectations. As a smaller company, SoundHound must execute flawlessly to justify its valuation.

With a market cap near $2.41 billion, C3.ai stock’s forward 12-month P/S ratio is 7.52, much lower than SOUN’s.

SOUN Vs AI Stocks’ Valuation

Image Source: Zacks Investment Research

SOUN & AI’s Estimate Revision TrendOver the past 60 days, the Zacks Consensus Estimate for SOUN’s 2025 loss per share has narrowed to 13 cents from 16 cents. The estimated figure indicates an improvement from the year-ago loss of $1.04 per share.

The Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 95.3%.

For SOUN Stock

Image Source: Zacks Investment Research

For AI stock, analysts are pessimistic about its earnings potential. Over the past seven days, the Zacks Consensus Estimate for AI’s fiscal 2026 loss per share has widened to $1.33 per share from $1.15. The estimated figure depicts a wider loss for fiscal 2026 compared with the fiscal 2025 level of 41 cents per share, as shown below.

The Zacks Consensus Estimate for fiscal 2026 revenues implies a year-over-year decline of 23.1%.

For AI Stock

Image Source: Zacks Investment Research

Which Stock Has More Upside?Both SoundHound and C3.ai are at the forefront of the AI revolution, but their recent fundamentals paint different pictures. SoundHound is executing on its growth strategy with accelerating revenues, expanding enterprise adoption, and a strong balance sheet that supports continued innovation. Its guidance hike for 2025 underscores both near-term momentum and management’s confidence in scaling toward profitability. Despite high valuation multiples, the company’s leadership in conversational AI and diversified customer base make it a compelling growth play, with upside tied to industry tailwinds in automotive, restaurants, and enterprise voice AI.

C3.ai, on the other hand, is weighed down by execution risk and inconsistent revenue conversion from its costly initial production deployments. Revenue contraction, widened losses, and its first post-IPO guidance miss highlight the fragility of its near-term outlook. While the company has a broad enterprise platform and strong partnerships, these advantages have yet to translate into sustainable growth, and the timeline for profitability has been pushed further out.

For investors looking at AI exposure in 2025, SoundHound — a Zacks Rank #3 (Hold) company — offers accelerating fundamentals and improving operating leverage that justify holding the stock. In contrast, this Zacks Rank #4 (Sell) C3.ai’s ongoing struggles suggest limited upside and higher execution risk in the near term, making it a candidate to sell now.

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

Looking for a place to start? Check out Best AI Stocks to Buy for our picks and in-depth industry guide.

Biotech stocks could sway toward the upside with the appointment of a new director at the Federal Drug Administration’s Center for Drug Evaluation and Research. Dr. Richard Pazdur will take the reigns, bringing 26 years of related industry experience.

The move was cheered by Wall Street analysts who view the appointment as a positive given Dr. Pazdur’s experience in the industry as opposed to bringing in an outsider. The latter would typically bring uncertainty to a sector that President Trump was looking to shake up to improve efficiency. As seen in the YTD performances of the MSCI and S&P 500 biotech indexes, the move could add an additional catalyst to their current rallies.

^MSACWIBIO data by YCharts

Rising M&A Activity
Another positive for the sector is the number of rising mergers and acquisitions (M&A) deals this year. This creates a chance for traders to get value-oriented biotech stocks before they continue moving higher. More rate cuts could pave the way for additional M&A deals to take place following the Fed’s second rate cut of the year.

The accelerated push for higher M&A deal flow comes after a relatively sluggish 2024. After the Federal Reserve just instituted the first rate cut of the year, the prospect of additional cuts could be more conducive for deals in the rest of 2025. Additional cuts open the door for cheaper financing and thus, potentially more M&A in the biotech/pharma industry.

According to data from Biopharma Dive, there’s been close to 40 acquisition deals thus far with the rest of Q4 still left to go. This compares to 39 deals for the whole of 2024. So it’s a wait-and-see situation to determine if the number of total deals in 2025 will surpass the previous year.

Trade the Biotech Titans
To capture the potential upside in the biotech industry, traders can eye the biggest companies occupying that sector. Rather than build a portfolio of individual shares in the five biggest companies, there’s an easier way with the new Direxion Daily Biotech Top 5 Bull 2X ETF (TXBU).

TXBU is part of the latest addition to Direxion’s leveraged/inverse ETF product suite: the Titans Leveraged & Inverse ETFs. The Titans funds strike a balance between single-stock ETF exposure and the sector. It’s the Goldilocks solution that allows traders to focus specifically on industry movers and shakers that comprise the sector.

In the case of TXBU, the fund provides 200% exposure to the NYSE Biotechnology Top 5 Equal Weight Index that includes U.S.-listed companies in the biotechnology subindustry as classified by the GICS. Each of the five get 20% exposure: Alnylam Pharmaceuticals Inc, Exelixis Inc, Gilead Sciences Inc, Insmed Inc, and United Therapeutics Corp.

For those who want to trade the whole biotech industry, consider the Direxion Daily S&P Biotech Bull 3x Shares (LABU). It tracks the S&P Biotechnology Select Industry Index (SPSIBITR), which is an equal-weighted index.

For more news, information, and strategy, visit the Leveraged & Inverse Content Hub.

Earn free CE credits and discover new strategies

It has been about a month since the last earnings report for Morgan Stanley (MS - Free Report) . Shares have added about 3.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Morgan Stanley due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

Morgan Stanley Q3 Earnings Beat on Deal-Making Boom, Solid TradingMorgan Stanley’s third-quarter 2025 earnings of $2.80 per share handily surpassed the Zacks Consensus Estimate of $2.08. Also, the bottom line soared 49% from the prior-year quarter.

Behind Q3 Headline NumbersLike its Wall Street peers, Morgan Stanley’s investment banking business gained from a frenzy of deal-making activities and IPOs. Advisory fees jumped 25% year over year as completed M&A transactions rose.

Further, higher non-investment grade and investment grade issuances supported the company’s fixed income underwriting fees, which surged 39%. Moreover, equity underwriting income soared 80% “as clients actively engaged in capital-raising opportunities.” Hence, total IB fees (in the Institutional Securities division) increased 44% to $2.11 billion. We had projected it to be $1.54 billion.

Similarly, Morgan Stanley posted a solid trading performance. Equity trading revenues climbed 35% year over year to $4.12 billion and fixed-income trading income was up 8% to $2.17 billion. Our projections for equity and fixed-income trading revenues were $3.56 billion and $2.11 billion, respectively.

The performance of the company’s wealth management and investment management businesses was impressive, driven by a rise in client assets and assets under management. Morgan Stanley’s net interest income increased, given the improved lending activities. On the other hand, an increase in total non-interest expenses was the undermining factor.

Net income applicable to common shareholders was $4.45 billion, an increase of 47% from the year-ago quarter. Our estimate for the metric was $3.12 billion.

Revenues Surge, Expenses RiseQuarterly net revenues were $18.22 billion, surging 18% from the prior-year quarter. The top line handily beat the Zacks Consensus Estimate of $16.4 billion.

NII was $2.49 billion, up 13%. We had projected NII of $2.31 billion.

Total non-interest revenues of $15.73 billion jumped 19%. Our estimate for the metric was $13.56 billion.

Total non-interest expenses were $12.2 billion, up 10%. Our estimate for the metric was $11.44 billion.

Provision for credit losses was nil compared with $79 million in the prior-year quarter. We had projected the metric to be $85.3 million.

Segment PerformanceInstitutional Securities: Pre-tax income was $3.18 billion, jumping 67% from the prior-year quarter. Our estimate for the same was $2.25 billion.

Net revenues were $8.52 billion, up 25% year over year. The upside resulted from increased equity and fixed income trading revenues and higher IB net revenues. We had projected segment net revenues of $7.44 billion.

Wealth Management: Pre-tax income totaled $2.5 billion, rising 21% year over year. Our estimate for the metric was $1.87 billion.

Net revenues were $8.23 billion, up 13%, driven by higher asset management revenues, transactional revenues and NII. We had projected revenues of $7.14 billion.

Total client assets were $7.05 trillion as of Sept. 30, 2025, up 18% year over year. We had projected the metric to be $6.4 trillion.

Investment Management: Pre-tax income was $364 million, climbing 40% from the year-ago quarter. Our estimate for the same was $243.2 million.

Net revenues were $1.65 billion, growing 13%. The improvement was attributable to a rise in asset management and related fees, and performance-based income and other revenues. We had projected revenues of $1.46 billion.

As of Sept. 30, 2025, total assets under management or supervision were $1.81 trillion, up 13% year over year. Our estimate for the metric was $1.75 trillion.

Capital Position SolidAs of Sept. 30, 2025, book value per share was $62.98, up from $58.25 in the corresponding period of 2024. The tangible book value per share was $48.64, up from $43.76 as of Sept. 30, 2024.

Morgan Stanley’s Tier 1 capital ratio (advanced approach) was 17.6% compared with 16.9% in the year-ago quarter. The common equity Tier 1 capital ratio was 15.7% compared with 14.9% a year ago.

Update on Share BuybackIn the reported quarter, Morgan Stanley repurchased 7 billion shares for $1.1 billion.

2025 OutlookThe company expects a modest sequential gain in NII for the fourth quarter of 2025.

It anticipates the effective tax rate to be 24% for the fourth quarter.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 8.99% due to these changes.

VGM ScoresAt this time, Morgan Stanley has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock has a grade of F on the value side, putting it in the lowest quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Morgan Stanley has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerMorgan Stanley is part of the Zacks Financial - Investment Bank industry. Over the past month, Wells Fargo (WFC - Free Report) , a stock from the same industry, has gained 0.8%. The company reported its results for the quarter ended September 2025 more than a month ago.

Wells Fargo reported revenues of $21.44 billion in the last reported quarter, representing a year-over-year change of +5.3%. EPS of $1.73 for the same period compares with $1.52 a year ago.

Wells Fargo is expected to post earnings of $1.66 per share for the current quarter, representing a year-over-year change of +16.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.7%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Wells Fargo. Also, the stock has a VGM Score of F.

A month has gone by since the last earnings report for Progressive (PGR - Free Report) . Shares have added about 0.6% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Progressive due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for The Progressive Corporation before we dive into how investors and analysts have reacted as of late.

PGR Q3 Earnings & Revenues Miss Estimates, Rise Y/Y on Higher Premiums

The Progressive Corporation’s third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%.

However, the bottom line increased 13.1% year over year while the top line increased 12.7%.

Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago.

Net premiums earned grew 14% to $20.8 billion. The reported figure missed  the Zacks Consensus Estimate of $21.1 billion.

Net realized gain on securities was $288 million, up 2% year over year.

Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 50 basis points (bps) from the prior-year quarter’s level to 89.5. The reported figure exceeded the Zacks Consensus Estimate of 87.

September Policies in ForcePolicies in force were solid in the Personal Lines segment, increasing 13% from the year-ago month’s figure to 36.9 million. The figure came in line with the Zacks Consensus Estimate.

Special Lines improved 8% to 7 million, matching the Zacks Consensus Estimate.

In the Personal Auto segment, Agency Auto increased 13% year over year to 10.6 million, while Direct Auto jumped 17% to 15.6 million.

Progressive’s Commercial Auto segment policies rose 6% year over year to 1.2 million. The Property business had 3.7 million policies in force, up 6%.

Financial UpdateProgressive’s book value per share was $60.45 as of Sept. 30, 2025, up 30.4% from $46.36 as of Sept. 30, 2024.

Return on equity in September 2025  was 37.1%, down from 40.2% reported in the year-ago period. The total debt-to-total capital ratio improved 410 bps to 16.3.

How Have Estimates Been Moving Since Then?It turns out, estimates revision flatlined during the past month.

The consensus estimate has shifted 6.5% due to these changes.

VGM ScoresAt this time, Progressive has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock has a grade of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Progressive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

A month has gone by since the last earnings report for JB Hunt (JBHT - Free Report) . Shares have lost about 1.9% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is JB Hunt due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for J.B. Hunt Transport Services, Inc. before we dive into how investors and analysts have reacted as of late.

Earnings Beat at J.B. Hunt in Q3J.B. Hunt Transport Services reported third-quarter 2025 earnings of $1.76 per share, which missed the Zacks Consensus Estimate of $1.47 and improved 18% year over year.

Total operating revenues of $3.05 billion surpassed the Zacks Consensus Estimate of $3.02 billion and were down 0.5% year over year. JBHT’s third-quarter revenue performance was hurt by a 1% and 4% decline in gross revenue per load in Intermodal (JBI) and Truckload (JBT), respectively, a decrease in load volume of 8% and 1% in Integrated Capacity Solutions (ICS) and Dedicated Contract Services (DCS), respectively, and 8% fewer stops in Final Mile Services (FMS). These items were partially offset by a 3 % improvement in DCS productivity, a 9% increase in revenue per load in ICS and 14% load growth in JBT. Total operating revenues, excluding fuel surcharge revenue, fell less than 1% year over year.

Operating income for the reported quarter increased 8% to $242.7 million owing to structural cost removal as part of the company’s efforts to reduce expenses to serve, improved productivity across the organization and lower purchase transportation costs.

JBHT’s Segmental HighlightsIntermodal division generated quarterly revenues of $1.52 billion (below our estimate of $1.53 billion), down 2% year over year, reflecting the 1% decrease in volume and a 1% decrease in gross revenue per load, resulting from changes in the mix of freight, fuel surcharge revenue, and customer rates. Revenue per load, excluding fuel surcharge revenue, decreased 1% year over year.

Intermodal volume fell 1% year over year. Transcontinental network loads fell 6%, while eastern network loads increased 6% year over year.

Segmental operating income grew 12% year over year, owing to improved network balance and efficiency improvements associated with the initiative to lower cost to serve. During the reported quarter, a more balanced network resulted in fewer empty container moves and drove efficiency throughout the drayage fleet.

Dedicated Contract Services segment revenues of $864 million (below our estimate of $874.2 million) grew 2% year over year, owing to a 3% improvement in productivity (revenue per truck per week) partially offset by a 1% decline in average trucks.

Segmental operating income increased 9% year over year, owing to higher revenue combined with lower equipment-related expenses, execution on the initiative to lower cost to serve, and the maturing of new business onboarded over the trailing 12 months. These items were partially offset by increases in insurance premiums.

Integrated Capacity Solutions’ revenues decreased 1% year over year to $276 million (our estimate is pegged at $264.2 million). Segment volume fell 8% year over year. Revenue per load grew 9% year over year, owing to increases in both contractual and transactional rates as well as changes in customer mix.

Operating loss in the reported quarter fell to $0.8 million from $3.3 million in the year-ago quarter. Operating results improved from the prior-year quarter owing to lower personnel-related expenses, reduced technology costs and insurance claims expense.

Truckload revenues grew 10% year over year to $190 million. Excluding fuel surcharge, revenues increased 10% owing to a 14% increase in load volume, partially offset by a 4% decline in gross revenue per load excluding fuel surcharge revenue. Our estimate is pegged at $169.6 million.

At the third-quarter end, total tractors were 2,041 compared with 1,897 a year ago. Trailers in the segment were 12,785 compared with the year-ago quarter’s figure of 13,299.

Segmental operating income decreased 9% year over year owing to higher insurance claims expense and equipment-related costs.

Final Mile Services revenues fell 5% year over year to $206 million (above our estimate of $204.9 million), due to general softness in demand across many of the end markets served and a change in mix between JBHT’s asset and asset-lite businesses within FMS.

Operating income fell 42% year over year owing to a decline in segment revenue and higher insurance claims expense. These were partially offset by lower personnel-related expenses and progress on the initiative to reduce expenses.

Liquidity & Buyback Details of JBHTJ.B. Hunt exited the third quarter of 2025 with cash and cash equivalents of $52.3 million compared with $50.9 million at the end of the prior quarter. Long-term debt was $902.2 million compared with $1.01 billion at the end of the prior quarter.

In the third quarter of 2025, JBHT purchased almost 1,600,000 shares for $230 million. As of Sept. 30, 2025, JBHT had almost $107 million remaining under its share repurchase authorization.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

The consensus estimate has shifted 7.86% due to these changes.

VGM ScoresAt this time, JB Hunt has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, JB Hunt has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.