Track market-moving stories before they get noisy

Ripple (XRP) price is up slightly by 0.02% today, July 11, to trade at $1.10 at the time of writing. The slight gain comes as trading volumes cool into the weekend, with CoinMarketCap showing that XRP’s volume are down by 25% to $762 million.

Traders are now bracing for volatility in the coming week with the CLARITY Act coming back in focus as the US Congress resumes sessions on July 13 after the July 4 recess.

Congress Schedules CLARITY Act Hearing Data from the US Congress website shows that the House Financial Services Committee will have a field hearing in New York regarding the CLARITY Act on July 17.

CLARITY Act Hearing This hearing was even confirmed by Congressman French Hill during an interview with FOX, where he said that lawmakers want to ensure that CLARITY can be merged with old legislation.

“We’ve got to get this market framework in place to be combined with the GENIUS Act”,” Hill said.

The Congressman’s remarks come after a CoinGape report revealed that the final draft for the CLARITY Act could drop between July 13 and July 17 and potentially move the XRP price.

Pro-crypto senators like Cynthia Lummis say that this final draft will be the last chance that the CLARITY Act has to pass before the mid-term elections happen in November.

The resumption of the US Senate from the July 4 holiday recess has also caused a slight increase in the odds of the CLARITY Act being approved from 40% on July 8 to 44% today, July 11.

XRP Price Eyes Wedge Breakout as Bearish Momentum Fades The price of XRP trades within a falling wedge pattern. This pattern has a depth of 22%, and it usually appears when the trend is about to change from a bearish one to a bullish one.

The RSI reading of 47 also suggests that bears might be losing their grip. This RSO has moved from 32 on June 30 to 47 on July 11, suggesting that buyers are slowly replacing sellers.

This RSI needs to make a higher high above 50 to confirm that the momentum has changed to bullish.

XRP value faces resistance at $1.16. Moving above this obstacle could pave the way for a 22% gain to $1.42.

XRP Price Chart But if XRP fails to close above $1.16, bears might force it back into consolidation within the falling wedge pattern, and the price could drop to the support of $1.03.

XRP Ledger Activity Hits Rare Lows SWIFT recently partnered with several banks affiliated with Ripple, but that did not increase network activity like is usually the case.

Instead, data from Santiment shows that the level of activity on the XRP Ledger is at the second-lowest level in 2026.

XRP Ledger saw only 25,350 active wallets on July 11 and 2,130 new wallets.

The number of new wallets on XRP Ledger is at the lowest point since November 2024, with Santiment saying that buyers are hesitating until there is a real catalyst that can push the price up.

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The sheer scale of Ethereum’s energy reduction after The Merge is no longer just a community talking point — it now has the weight of a Cambridge audit behind it. The latest figures from the Cambridge Centre for Alternative Finance (CCAF) put annual electricity use at just 7.87 GWh, a decline of more than 99.9%. Emissions have followed a similarly dramatic path downward, settling around 2.37 ktCO₂e annually. For a network that once drew comparisons to medium-sized countries, the numbers represent a complete re‑write of the environmental script.

But the report, built from an infrastructure audit of roughly 8,522 nodes, doesn’t stop at the headline drop. It surfaces a structural reality that market participants and regulators will need to weigh carefully: how the network’s remaining footprint is distributed and who ultimately controls the hardware.

The numbers that reset the conversation Before The Merge, Ethereum’s proof‑of‑work consensus consumed power at a level that made institutional ESG committees uncomfortable. The 99.9% cut changes the calculus for any fund or corporate treasury that had dismissed ether exposure on environmental grounds. The CCAF’s estimate of 56.4% sustainable electricity sourcing further strengthens a story that is increasingly about grid mix rather than the consensus mechanism itself. That subtlety matters because it shifts the burden of scrutiny from the protocol to the geographies where validators operate.

The emissions figure — roughly 2.37 kilotonnes of CO₂‑equivalent — is so low that it practically invites comparisons to small‑scale data centre operations rather than global financial infrastructure. And yet, Ethereum’s developer activity remains among the highest in the industry, as recent ecosystem metrics continue to show. That gap between environmental cost and economic output is precisely the kind of metric that draws serious institutional capital over time.

Provider concentration and geographic clustering The audit’s infrastructure mapping is where the comfort zone narrows. The United States, Germany, Finland, and France host approximately 62% of Ethereum full nodes. Even more concentrated is the service provider layer: Hetzner, Amazon Web Services, and OVH together run roughly 40% of all nodes the researchers examined. For a network that prizes decentralisation as a security property, that level of physical co‑location on a small set of commercial cloud operators raises non‑trivial tail‑risk questions.

A coordinated outage or a regulatory intervention at one of those providers could temporarily reshape network participation. The Dencun upgrade cycle has already sharpened the focus on client diversity; node hosting geography now joins that conversation. The CCAF data makes it explicit that the environmental victory is partly built on layers that are not themselves permissionless.

What the shift means for institutional positioning ESG dynamics in crypto have often been reduced to a binary: Bitcoin’s energy hunger versus everything else. The Cambridge study gives asset allocators a concrete figure to slot into sustainability reports. It also arrives at a moment when on‑chain real‑world asset volumes are swelling beyond $20 billion, a trend documented in a recent tokenisation roundup. Most of that activity lives on Ethereum or its layer‑2 networks, meaning the updated energy footprint directly undercuts a longstanding objection to deploying regulated instruments on public rails.

Policymakers in Washington have been wrestling with crypto market structure legislation, and banking interests are pushing against a landmark Senate bill that could reshape the regulatory perimeter. In that context, verifiable environmental data is not decorative — it is ammunition. A network that can demonstrate a 99.9% energy reduction with audited, third‑party data is harder to dismiss on the basis of vague climate concerns.

What remains uncertain The CCAF report rightly emphasises that the remaining footprint is now a function of local grid carbon intensity. That implies energy‑mix volatility: a shift in the sourcing profile of a single large cloud region could measurably change Ethereum’s overall environmental scorecard. The research does not, however, model how liquid staking protocols or restaking layers might redistribute the validator set across providers and jurisdictions over the next 12 months. The interaction between infrastructure concentration and the rapid evolution of the staking industry is still poorly mapped.

Nor does the report address the energy footprint of layer‑2 rollups posting blobs to mainnet, an increasingly relevant variable as activity migrates off the base layer. For now, the headline is clear: Ethereum’s energy era has ended. The harder conversation about who runs the nodes and where they plug in is just beginning.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

New York, New York--(Newsfile Corp. - July 11, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) on behalf of investors that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026 (the "Class Period").

CLICK HERE TO JOIN THE CASE

If you are an investor in AeroVironment and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than July 27, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On January 20, 2026, before markets opened, the Company reported in an 8-K filing with the Securities and Exchange Commission that "upon mutual agreement" of AeroVironment and the U.S. Government, "the U.S. Government issued a stop work order on the Company's Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource ("SCAR") program." According to the filing, "[t]he stop work order allows for the parties to negotiate an amended agreement for the future of the SCAR program under new requirements for the program, which amendment is expected to be a firm-fixed price agreement. The Company expects to continue to deliver capabilities and products for the SCAR program."

Following this news, the price of AeroVironment stock declined $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.

On March 10, 2026, after market, AeroVironment issued a press release, announcing third quarter 2026 financial results. The Company reported "operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025." According to the complaint, "[t]hese financial results reflected the impact of a $151.3 million goodwill impairment in the Company's space division after the stop work order on the Company's BADGER systems built for the SCAR program." Additionally, according to the complaint "AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to 'recompete' for the SCAR program."

Following this news, the price of AeroVironment stock fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026.

The complaint alleges, among other things, that throughout the Class Period, "Defendants

made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times."

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/aerovironment-inc-class-action-alert-learn-more-now/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304698

Source: Kaplan Fox & Kilsheimer LLP

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More than $5 million has been stolen from the Hedera Network after hackers exploited the DeFi lending platform Sauce Protocol. The attack caused the HBAR coin price to fall by nearly 3% as the stolen crypto was quickly moved to Ethereum. 

So far, the attacker has not been identified, and the Hedera Network team has not released an official statement.

Sauce Protocol Exploit Drains Over $5 MillionAccording to PeckShield, the attacker exploited the Sauce Protocol by manipulating its price oracle after depositing collateral into the lending platform.

By changing asset prices, the hacker borrowed nearly 6.6 million USDC and 35 million HBAR before swapping the stolen tokens on SaucerSwap.

The attacker then used LayerZero to bridge the stolen funds from the Hedera Network to Ethereum, making it more difficult to recover the assets.

The total loss is estimated at more than $5.25 million, with the funds already transferred off the Hedera Network.

Stolen Funds Moved to EthereumOn-chain investigator Specter said the hacker first stole the funds from Sauce Protocol on the Hedera network. After that, the attacker used LayerZero to transfer the stolen crypto from Hedera to Ethereum, where it is easier to swap and move the funds.

The hacker’s Ethereum wallet now holds around 2,068 ETH, worth nearly $3.7 million, along with 15.58 WBTC, bringing the total stolen assets to more than $5 million.

Blockchain records also show the attacker making several transactions, repeatedly moving Wrapped Bitcoin (WBTC) to another wallet, likely an attempt to hide the money trail.

More than $5 million has been stolen from Hedera’s DeFi ecosystem after hackers exploited Sauce Protocol in an oracle manipulation

Before carrying out the exploit, the hacker funded the wallet 0x9A4…6a494 with just 1 ETH from Tornado Cash. Attackers often use Tornado Cash to cover their tracks before launching an exploit.

HBAR Coin Price Falls After AttackFollowing the news, HBAR dropped around 3.5%, falling to nearly $0.0670 as investors feared a more serious breach.

Although the exploit targeted Sauce Protocol rather than the Hedera network itself, the incident has raised concerns across decentralized finance (DeFi) applications built on the blockchain.

The investigation is still ongoing, yet there is no official announcement or post from the Hedera network team.

Story Ends Here

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Someone just walked off with $5.25 million from the Hedera network, and they didn’t exactly try to be subtle about it. Blockchain security firms PeckShield and Specter flagged the suspicious activity on July 11, tracking a trail of funds that moved from Hedera’s mainnet to Ethereum through a cross-chain bridge powered by LayerZero technology.

The timing is particularly awkward for Hedera. Just weeks after the network celebrated the launch of the first US spot HBAR ETF, it’s now dealing with a significant security incident.

How the exploit unfolded The attacker funded an Ethereum wallet with 1 ETH routed through Tornado Cash, the privacy mixing service. From there, the attacker bridged assets from Hedera to Ethereum using LayerZero’s cross-chain infrastructure. Once the funds landed on Ethereum, the attacker swapped Wrapped Bitcoin for Ether, consolidating the stolen haul into more liquid assets.

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At the time security researchers flagged the incident, the attacker’s Ethereum wallet held approximately 2,360 ETH, valued at about $4.25 million, along with 15.58 WBTC worth roughly $1 million. The wallet addresses involved have been identified as 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 and 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e.

Hedera itself has not confirmed the exploit. On-chain investigators are still picking through the transaction data to determine exactly what vulnerability was exploited and how the attacker gained access to the funds in the first place.

A pattern that should worry everyone This isn’t Hedera’s first brush with a security breach. Back in March 2023, the network experienced an exploit that affected decentralized exchange liquidity pools through a bug in Hedera Token Service transfers.

The 2026 landscape has been particularly brutal. A $6 million exploit hit Summer.fi, and a governance attack on BONK DAO resulted in $20 million in losses. The suspected Hedera incident slots neatly into this growing catalog of multi-million-dollar security failures.

What this means for HBAR and its new ETF In June 2026, Canary Capital launched the first US spot HBAR ETF, which debuted with $52.6 million in assets under management. Now, barely a month later, the network is associated with a multi-million-dollar theft.

The exploit appears to involve assets bridged off the Hedera network rather than a compromise of the network’s core consensus mechanism. The use of Tornado Cash to fund the initial wallet suggests the attacker was prepared for scrutiny, which typically makes fund recovery significantly more difficult.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

This New Spinoff Is a Nuclear and AI Chip Beneficiary Worth WatchingSolstice Advanced Mat NASDAQ: SOLS announced an agreement to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt, executives said on a conference call discussing the deal.

Under the terms outlined by Solstice President and CEO David Sewell, Element Solutions shareholders will receive $10 in cash and 0.5 shares of Solstice common stock for each Element Solutions share. Sewell said the consideration represents a 15% premium to Element Solutions’ closing price on Friday. Upon closing, Element Solutions shareholders are expected to own approximately 44% of the combined company.

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The combined company will operate as Solstice, with Sewell serving as chief executive officer. The board will include 11 directors, including Element Solutions CEO Ben Gliklich and two other designees from the Element Solutions board, subject to standard governance procedures. Solstice said it has fully committed financing in place and expects the transaction to close in the first half of 2027, pending shareholder approvals from both companies, regulatory approvals and other customary closing conditions.

Companies Point to Electronics and Data Center Demand Sewell said the transaction would create “a global advanced materials leader” with combined 2025 net sales of approximately $6.8 billion and adjusted EBITDA of $1.7 billion. He said the combined business would hold leading positions across end markets and be backed by more than 8,300 patents and pending applications.

Solstice framed the deal as an acceleration of its strategy following its separation as an independent company last October. Sewell said the acquisition would strengthen Solstice’s position in electronic materials, particularly across semiconductor fabrication, packaging, assembly and thermal management.

“Together, we will be able to deliver broader solutions, greater performance, and deeper co-innovation with customers,” Sewell said.

Executives emphasized secular demand tied to artificial intelligence, advanced computing and data center construction. Sewell said denser and higher-powered chips are driving demand for advanced packaging and new thermal management materials, while also increasing demand for data center cooling and power solutions. He said Solstice’s existing refrigerants and uranium conversion services are relevant to the broader data center build-out.

Element Solutions CEO Says Deal Is ‘Better Together’ Gliklich said Element Solutions did not put itself up for sale and was approached by Solstice. He described the deal as a strong strategic fit, citing complementary portfolios and customer relationships.

Element Solutions generates just over 70% of its revenue from electronics, Gliklich said, with the remainder from specialty businesses. Within electronics, he said about 75% of sales come from business-to-business enterprise markets, and more than 20% of total sales come from the data center market.

Gliklich said Element Solutions’ consumable products, qualification status and high switching costs help insulate the business from capital cycle volatility. He also highlighted recent portfolio actions, including the divestiture of its graphics business and the acquisitions of Micromax and EFC, as well as the addition of Kuprion technology.

“This is very much a better together story, one that comes at the right time to meaningfully accelerate all facets of our business,” Gliklich said.

Synergies and Financial Targets Solstice said it has identified more than $180 million in expected annualized run-rate cost synergies, net of costs, within three years of closing. Sewell said those synergies include:

Approximately $100 million from operational initiatives and operating model integration, including efficiencies across G&A, sales and marketing, and R&D; About $25 million from supply chain improvements, including raw material and procurement scale and copper recovery from deposition processes; About $20 million from footprint optimization; About $35 million from other initiatives. Solstice CFO Tina Pierce said the combined company, including expected run-rate synergies, is projected to have an adjusted EBITDA margin of approximately 26%. She said the company expects medium-term revenue growth at a mid- to high-single-digit rate, with adjusted EBITDA growing faster than revenue as synergies are realized. Pierce also said the transaction is expected to be accretive to adjusted earnings per share in the first year.

Pierce said Solstice expects net leverage of about 3.5 times at closing and plans to reduce leverage below 3 times within 18 months after closing. The company’s longer-term net leverage target is 2 times to 3 times.

Executives Address Integration and Portfolio Questions During the question-and-answer session, Sewell said the timing of the deal reflected customer demand for solutions in advanced electronics and the complementary nature of the two portfolios. He said the integration would be focused on growth, innovation and customers, while Gliklich said the integration appears “reasonably straightforward” based on preliminary work.

Asked about Solstice’s broader portfolio, Sewell said the company does not intend to become a pure-play electronics company. He said refrigerants and nuclear are connected to the data center opportunity through cooling and power needs, and he described Solstice as a “complete solutions provider” across attractive growth markets.

On revenue synergies, Sewell said there may be near-term cross-selling opportunities through each company’s customer relationships, while longer-term opportunities could require customer qualification processes that may take around two years. Pierce said only a relatively small amount of revenue synergy is built into the company’s financial model, which is more heavily underpinned by cost synergies.

Executives also said planned investments remain included in their model, including Element Solutions’ Kuprion facilities, Solstice’s nuclear expansion, the doubling of Solstice’s sputtering targets facility in Spokane and investments in next-generation lightweight body armor.

Sewell said Solstice does not anticipate regulatory issues, describing the transaction as “highly complementary.” Details such as the break fee are expected to be included in forthcoming disclosures.

About Solstice Advanced Mat NASDAQ: SOLSSolstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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On July 1, several media outlets reported that Meta Platforms (META +6.16%) was forming a new business unit, internally dubbed "Meta Compute", to sell its excess AI cloud capacity to third-party customers. Meta will reportedly sell both its raw GPU computing capacity and remote access to its infrastructure to companies so they can run their own AI models.

Shares of CoreWeave (CRWV 0.87%), a leading neocloud provider that provides many of the same services, have dropped nearly 11% since that news broke. Does that pullback represent a buying opportunity or a dire warning for the company's future?

Image source: Getty Images.

Why did Meta's strategic shift crush CoreWeave's stock? Meta's strategic shift surprised CoreWeave's investors, since Meta had just agreed to pay CoreWeave $21 billion through 2032 for its neocloud services this April. Meta also struck a similar multi-billion dollar deal with another neocloud company, Nebius (NBIS +1.60%).

Therefore, it might initially seem odd for Meta to sell its own cloud computing power when it clearly needs it. Meta's agreements with CoreWeave and Nebius also prohibit it from reselling any of that cloud computing power, so it can only sell the excess AI cloud capacity at its own first-party data centers.

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However, Meta plans to invest up to $145 billion this year in expanding its own AI infrastructure. As it builds more data centers, some of those servers will remain idle until they're fully utilized by its social networking platforms and AI services.

To avoid wasting too much cash and energy on underutilized servers, Meta wants to rent them out to third parties -- a move that could transform it into a formidable competitor to companies like CoreWeave and Nebius. CoreWeave's other major customers, such as Jane Street and IBM (NYSE: IBM), could also eventually follow the same playbook if they decide to expand their cloud infrastructure.

On the bright side, CoreWeave's largest customer -- Microsoft (MSFT +0.15%) -- probably won't do the same thing because it's already one of the world's biggest cloud infrastructure companies. Instead, CoreWeave will continue to serve as an "overflow tank" for its cloud services.

Does the pullback represent a buying opportunity? From 2025 to 2028, analysts expect CoreWeave's revenue to surge from $5.1 billion to $40.3 billion as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soars from $3.1 billion to $25.7 billion. With an enterprise value of $91.2 billion, it still looks like a bargain at 7 times and 13 times this year's revenue and adjusted EBITDA, respectively.

Meta's move is alarming, but it doesn't break the bullish thesis for CoreWeave. Even if Meta sells its idle computing power to cut costs, it doesn't indicate that other companies will eagerly tether themselves to the social media giant's infrastructure. Instead, independent neocloud players like CoreWeave and Nebius should remain appealing choices as the AI market expands -- so this pullback could be a great buying opportunity.

Leo Sun has positions in Meta Platforms. The Motley Fool has positions in and recommends International Business Machines, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.

AT&T (T +1.92%) isn't a stock that usually makes headlines. But lately it has been pulled into one of the market's hottest stories, SpaceX (SPCX 4.51%), and the result is a beaten-down share price and a mouth-watering dividend yield.

At about $21 as of this writing, just above its 52-week low of $19.89, AT&T's $1.11 annual dividend yields about 5.3%. Part of the reason the stock sits so low is a growing worry that SpaceX's satellite network could eventually eat into AT&T's business.

So is that fear justified? And with the yield this high, is the dividend safe? Those are the two questions that matter for income investors here.

Image source: Getty Images.

How real is the SpaceX threat? Capturing the concern weighing on the stock, Oppenheimer downgraded AT&T stock in June, pointing to SpaceX's Starlink satellites as a structural threat to the telecom's long-term broadband and wireless growth. SpaceX has been developing a direct-to-phone service, and it is reportedly plans to launch a Starlink mobile service for U.S. consumers.

That is worth taking seriously. A satellite network that can beam service straight to ordinary phones, with no cell towers required, could chip away at a traditional carrier over time.

But this threat could take years to morph into something meaningful, if it does at all.

Just how significant is the threat? Oppenheimer estimated that AT&T's fiber build could top out nearer 50 million homes rather than 60 million-plus management targets by 2030.

Those are meaningful figures, but they play out through 2030, not the next few quarters. They also sit against a business that is currently growing, not shrinking.

Here's what AT&T is actually doing right now. In the first quarter of 2026, revenue rose about 3% year over year, adjusted earnings per share climbed nearly 12%, and the company posted its best-ever first quarter for advanced connectivity internet net additions. Additionally, it ended the quarter with more than 37 million fiber locations and reaffirmed its target of 60 million by 2030 -- the very number Oppenheimer doubts it will reach. Far from being disrupted, AT&T's core businesses are among its brightest spots.

Is the yield safe? For income investors, this is the question that counts.

The good news is that the dividend looks well protected. AT&T expects to generate more than $18 billion in free cash flow this year, while its dividend costs about $8 billion. That is a payout of less than half of free cash flow -- comfortable coverage, even with the company investing heavily in its network and buying back stock. On top of the dividend, management plans about $8 billion in buybacks this year, another way it returns cash to shareholders. Measured against profit, the payout is just as comfortable: AT&T earned about $2.99 per share over the past year against a $1.11 dividend, well under half its earnings.

It's true that free cash flow dipped in the first quarter, to $2.5 billion from $3.1 billion a year earlier, as capital spending rose. That dip reflects investment in the very fiber and wireless network winning those customers, not a business in trouble. Management still expects capital spending of $23 billion to $24 billion for the year and free cash flow above $18 billion.

The valuation adds to the appeal.

AT&T trades at about 7 times trailing earnings and 9 times expected earnings -- a deep discount to the broader market, which sits in the low-to-mid 20s. That kind of multiple is normal for a no-growth telecom, yet AT&T is still growing, which makes the discount look overdone. For a profitable, cash-generative business, that is cheap.

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So, is AT&T stock oversold?

I think so. The concern is legitimate, and satellite-to-phone technology is worth watching. But it is a slow-moving, decade-long risk, and the market is arguably pricing it as if it were imminent, into a stock whose advanced connectivity internet business just posted a best-ever first quarter for net additions. For income investors who can tolerate a slow grower, a well-covered yield above 5% from a stock trading near a 52-week low looks more like an opportunity than a trap.

AT&T won't grow quickly, and I wouldn't expect much from the share price, but the dividend, at least, looks like it's on solid ground.

Costco (COST +0.36%) has never been a cheap stock. But premium businesses rarely are. The warehouse retailer has spent decades building one of the strongest business models in retail, and several long-term trends suggest it could continue rewarding shareholders well into the next decade.

Membership has its privileges The biggest advantage for Costco isn't bulk groceries or discounted televisions. It's membership. During fiscal 2025, Costco generated approximately $5.32 billion in membership fee revenue, up 10% from $4.83 billion the prior year. Even more impressive, its U.S. and Canada membership renewal rate clocked in at 92.3%, while its worldwide renewal rate was 89.8%. Those are among the highest retention rates of any subscription-based business and help explain why membership fees remain one of Costco's biggest competitive advantages.

Image source: Getty Images.

Costco's membership engine has continued to strengthen this year, too. During the third quarter of fiscal 2026, membership fee revenue climbed 10.7% year over year to $1.37 billion, outpacing overall sales growth. Paid memberships increased 4.1%, while executive memberships (the company's highest-spending customers) grew 9.6%. Worth noting: renewal rates also remained strong at 92.2% in the U.S. and Canada and 89.7% worldwide, reinforcing the stability of Costco's recurring revenue stream.

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That recurring revenue gives Costco tremendous flexibility. It can afford to sell merchandise at thinner margins than most retailers because memberships provide a reliable source of profit. That pricing advantage keeps customers coming back, creating a virtuous cycle that's difficult for competitors to replicate. Meanwhile, the company continues to expand quite rapidly.

Penetrating new markets Costco's physical footprint continues to expand alongside its membership base. As of the third quarter of fiscal 2026, the company operated 931 warehouses worldwide, including 639 in the United States and Puerto Rico. Management continues to see significant opportunity for new locations, too, particularly in international markets where warehouse clubs remain relatively underpenetrated.

Every new warehouse not only drives additional merchandise sales but also brings in thousands of new paying members, reinforcing Costco's recurring membership revenue model. At the same time, e-commerce is becoming a bigger contributor, too. For Q3 2026, the company reported digitally enabled comparable sales growth of 21.5%.

Balance sheet remains strong Costco's financial position remains one of its greatest strengths. During fiscal 2025, the company generated $13.3 billion in operating cash flow and ended the year with about $14 billion in cash and cash equivalents. That financial strength allows Costco to fund new warehouse openings, invest billions in distribution infrastructure and technology, raise its regular dividend, and continue returning capital to shareholders without placing significant strain on its balance sheet.

Of course, you can't ignore valuation. Costco trades at a premium earnings multiple compared to other retailers, leaving less room for disappointment if consumer spending weakens or growth slows.

Still, it's difficult to find many retailers with Costco's combination of recurring membership income, exceptionally loyal customers, consistent store expansion, and strong cash generation. Those advantages have allowed the company to grow through multiple economic cycles, and there's little reason to believe those competitive strengths will disappear before 2030.

The artificial intelligence narrative is fracturing right before our eyes. Over the last two years, the market has focused obsessively on centralized hyperscale training. That phase required sprawling data centers digesting trillions of parameters.

Enterprise IT departments are now discovering the hidden costs of that centralized model. Prohibitive data egress fees, latency bottlenecks, and strict data governance mandates are driving a wave of cloud repatriation. Corporate leaders want to bring their AI models in-house. They are seeking sovereign AI.

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Sovereign Territory: Bringing Proprietary Data Back HomeSuper Micro Computer Today

SMCI

Super Micro Computer

$28.31 +0.07 (+0.25%)

As of 07/10/2026 04:00 PM Eastern

52-Week Range$19.48▼

$62.36P/E Ratio14.98

Price Target$38.57

Super Micro Computer NASDAQ: SMCI is pivoting to capture this enterprise migration. The company is deploying turnkey hardware that transforms the hardware builder into a high-margin ecosystem provider.

Sovereign AI requires proprietary enterprise data to remain within tightly controlled environments rather than being processed by external cloud hyperscalers.

When a corporation trains or fine-tunes a localized model on its own private data, sending that data back and forth to a centralized public cloud incurs a significant financial burden. Cloud providers charge data egress fees every time information leaves their servers. Over time, for persistent inferencing workloads, these fees can cannibalize the return on investment.

We are watching a structural shift in the physical economy. Major consumer and industrial brands are moving away from the cloud toward localized infrastructure. As recently exemplified by Starbucks NASDAQ: SBUX, retail operators are realizing that running localized algorithms for inventory management or customer behavior modeling is more cost-effective when executed on-premise or at the network edge.

This transition creates a severe technical challenge. Historically, localized deployment required specialized on-site IT engineering teams to manage storage arrays and compute clusters. Retail stores and factory floors simply lack the physical space or engineering talent to maintain traditional server racks.

To make the shift to sovereign AI, businesses need infrastructure that acts like an appliance. They need to plug it in, turn it on, and let it run autonomously.

The Kubernetes Cure: Healing the Localized Storage HeadacheThis acceleration toward localized AI frames Super Micro Computer's recent product launch. SMCI unveiled a turnkey Kubernetes Edge AI appliance in direct collaboration with Red Hat OpenShift and Portworx. This is not another bare-metal server box, but rather a fully validated, self-healing infrastructure solution.

By utilizing Kubernetes, enterprises ensure their containerized models remain cloud-agnostic. This capability allows businesses to migrate computing power to localized clusters without fracturing their core application architecture.

SMCI is bridging the gap for companies looking to exit the cloud by offering an off-ramp that works right out of the box. Portworx provides a software-defined, aggregated local storage layer that operates autonomously. If a network outage hits a retail location, the local data platform heals itself and keeps the inferencing workloads running without requiring a frantic call to a remote IT team. The integration of Red Hat OpenShift provides the enterprise-grade management layer.

From a fundamental perspective, this appliance alters SMCI's value proposition. Commodity server hardware is inherently vulnerable to pricing wars and severe margin compression. By bundling bare-metal hardware with premium enterprise software, SMCI captures integration value that previously leaked to third-party system integrators. SMCI can defend and expand its gross margins, charging a premium for the convenience and reliability of a fully integrated edge ecosystem.

Valuation Disconnect: Buying the Artificial Intelligence DipDespite this formidable product pipeline, the market has heavily discounted SMCI. Shares have contracted by 30% over the last 30 days, pushing the trailing price-to-earnings (P/E) ratio down to just 15. Bearish sentiment has aggressively accelerated, with short interest swelling to roughly 19% of the public float. A low days-to-cover ratio of 1.2 to 1.9 indicates high liquidity, largely a residual benefit of the 10-for-1 stock split executed in October 2024.

This elevated short positioning relies heavily on the narrative that Super Micro Computer is burning through cash to secure components. The primary target of market skepticism is the $7 billion equity and equity-linked financing initiative announced in early June 2026. Critics view this capital raise as a sign of financial strain. However, a pragmatic look at the balance sheet reveals a different story.

The capital is structured to finance component procurement for an estimated $39 billion AI server order backlog. Financing a $39 billion backlog is not a sign of weakness, but instead a signal of SMCI's moat.

Competitors cannot easily replicate the capital intensity required to fulfill enterprise demand at this scale. While short sellers are betting that SMCI will struggle with margin compression and share dilution, institutional entities are accumulating shares.

The deployment of high-margin edge appliances offers the specific catalyst needed to drive upward earnings revisions. If the edge pivot succeeds in expanding net margins beyond the current 3.70%, that heavy bearish positioning could easily unravel in a short squeeze scenario.

The Forward Edge: Claiming the Throne in Localized ComputeThe underlying demand for the hardware layer of the computing supercycle remains fully intact, but the market is heavily segmented. We can see a distinct divergence in valuation multiples when comparing Super Micro Computer to legacy competitors.

Dell Technologies Today

DELL

Dell Technologies

$435.14 -15.08 (-3.35%)

As of 07/10/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$110.22▼

$469.47Dividend Yield0.58%

P/E Ratio34.56

Price Target$492.76

Dell Technologies NYSE: DELL is currently the primary competitor in the hardware server market, with shares up roughly 20% over the trailing 30 days. Dell Technologies recently raised its full-year revenue guidance on the back of $16.13 billion in optimized server revenue. The market applies a significant premium to Dell Technologies, trading at a forward P/E near 25x while yielding a recently increased dividend. Similarly, Hewlett Packard Enterprise NYSE: HPE has rebounded nicely, supported by growth in its networking segment.

SMCI is currently trading at a steep discount to these peers, presenting an intriguing dynamic. SMCI is battling formidable competition and absorbing the broader market premium, yet its engineering velocity and modular architecture provide a distinct fundamental edge.

Coupling rapid hardware deployment with validated, plug-and-play Kubernetes environments establishes a highly compelling offering for organizations executing cloud repatriation strategies. Investors might consider adding SMCI to their watchlists as the enterprise migration toward sovereign AI continues to unfold, and closely monitor the upcoming August earnings report to see whether these new high-margin edge appliances begin lifting overall profitability.

Should You Invest $1,000 in Super Micro Computer Right Now?Before you consider Super Micro Computer, you'll want to hear this.

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Pendle just made cross-chain DeFi a whole lot less painful. The yield-trading protocol announced a full upgrade to BungeeExchange V3, bringing faster routing, lower fees, and a feature that sounds almost too convenient: single-click cross-chain token swaps that don’t require users to hold native gas tokens on the destination chain.

In English: you can now swap any token on any chain directly into Pendle’s principal tokens (PT) or yield tokens (YT) without first scrambling to acquire ETH, MATIC, or whatever gas currency the receiving network demands. The protocol picks up that tab automatically.

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What the upgrade actually changes Bungee, powered by SOCKET infrastructure, functions as a bridge aggregator, scanning multiple bridges and DEX routes to find the cheapest and fastest path for a swap. Pendle describes it as “the most powerful bridge aggregator,” and the numbers offer some backing for that claim: Bungee has facilitated over $25 billion in cumulative transaction volume across its lifetime.

The V3 upgrade specifically improves three areas. Routing speed has been enhanced, meaning the protocol can find optimal swap paths more quickly. Transaction fees have been reduced, though Pendle hasn’t disclosed specific percentage improvements. And the gasless execution feature eliminates what has long been one of the most annoying onboarding hurdles in multi-chain DeFi.

Why Pendle is betting big on cross-chain Pendle’s core product lets users split yield-bearing assets into two components: principal tokens (PT) and yield tokens (YT). PT represents the underlying asset’s value at maturity, while YT captures the yield generated over a given period.

By embedding a bridge aggregator directly into the swap flow, Pendle removes the multi-step process that previously required users to leave the platform, bridge manually, and return. The entire journey from holding Token A on Chain X to holding PT or YT on Chain Y now happens in one click.

Prior to this upgrade, community-built tools had already started enabling PT token trading through Bungee’s SOCKET infrastructure. The V3 release formalizes and expands that functionality.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Cerebras Systems (NASDAQ: CBRS) could see improved confidence around its OpenAI infrastructure ramp following its latest 200MW European data center capacity announcement, UBS analysts wrote, noting the expansion helps reduce execution risk around the company’s cloud and colocation ambitions.

UBS wrote that the additional European capacity provides incremental support for OpenAI’s first tranche deployment, an area where investors had expressed concerns given Cerebras’ position as a relatively new entrant to the cloud and colocation leasing market.

The firm added that the expansion increases confidence in OpenAI’s ramp while providing Cerebras with flexibility to pursue additional business opportunities as the sites come online over the next four to six quarters.

Cerebras announced plans to bring its first European data center capacity online by the end of 2026, with the full 200MW expected to be available by the end of 2027. UBS estimates the new capacity represents a meaningful increase from the company’s previously announced 150MW to 200MW of contracted capacity across projects in the U.S. and Canada.

Including the European expansion and previously disclosed infrastructure commitments, UBS estimates Cerebras now has visibility to approximately 410MW of announced contracted power capacity. Those commitments include Nautilus, Colovore, Digi Power X, WhiteFiber, Scale, and Bell’s 300MW facility announced earlier this year, which UBS assumes is split roughly evenly between Cerebras and CoreWeave.

The analysts wrote that having approximately 400MW of the 500MW required for OpenAI’s first two tranches effectively secured, assuming both are deployed through cloud infrastructure, supports confidence in the deployment timeline. UBS noted that OpenAI retains flexibility to deploy the second tranche through hardware deployments in its own data centers or through cloud partners.

UBS expects the second OpenAI tranche to ramp relatively quickly during the second half of 2027 and wrote that it would not be surprised to see additional agreements with large colocation providers over the coming quarters if deployment continues largely through Cerebras’ cloud platform.

The firm maintained its price target for Cerebras at $320, as shares traded hands up 8% at about $214.

UBS’s valuation is based on an enterprise value-to-sales multiple applied to 2029 estimates and discounted back to 2027. The firm uses an average multiple of around 9 times 2029 estimated EV-to-sales from compute peers and applies it to its $13.6 billion sales estimate, which it wrote could prove conservative as OpenAI and AWS deployments ramp.

Eli Lilly (LLY 2.30%) is in a league of its own. It's the largest healthcare company in the world by market cap, with the No. 2 company (Johnson & Johnson (JNJ 0.82%)) barely over half as big. Lilly's shares have more than quintupled in value over the last five years.

But should you buy Eli Lilly stock now? Here's my honest take.

Image source: Getty Images.

Business is booming Make no mistake about it: Lilly's business is booming. The company's revenue soared 56% year over year in the first quarter of 2026 to $19.8 billion. Its adjusted earnings per share skyrocketed 156%.

Much of this growth is due to Lilly's GLP-1 franchise. Sales for Mounjaro, which is marketed in the U.S. for treating type 2 diabetes (T2D) and for both T2D and weight loss outside the U.S., jumped 125% year over year to $8.7 billion. Sales for Zepbound, the drug's U.S. brand for weight loss, increased 80% to nearly $4.2 billion.

Those numbers are so staggering that they make it easy to overlook Lilly's other success stories. For example, sales for eczema drug Ebglyss vaulted 141% higher in Q1 to $145 million. Another autoimmune disease drug, Omvoh, generated more than twice the sales in the latest quarter ($80 million) than it did in the prior year period. Blood cancer therapy Jaypirca's sales increased 79% year over year to $165 million.

Lilly recently won U.S. regulatory approval for its new GLP-1 pill, Foundayo. Analysts expect the drug to rake in full-year sales of around $1.6 billion. RBC Capital projects peak annual sales of a whopping $36 billion.

More good news could be on the way. Lilly's pipeline features 42 programs in late-stage clinical studies. The big drugmaker's buying spree, with the acquisitions of Ajax Therapeutics, Centessa Pharmaceuticals, 4E Therapeutics, and Kelonia Therapeutics, is further bolstering its pipeline.

Today's Change

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The bear case against Lilly Given all those positives, it might seem like buying Lilly's shares would be a no-brainer. However, there is a bear case against Lilly that investors shouldn't ignore.

Valuation stands at the top of the list. The big pharma stock trades at 33.4 times forward earnings. Its price-to-earnings-to-growth (PEG) ratio, which factors in analysts' earnings growth projections over the next five years, is 1.57. While that isn't a ridiculously high ratio, it suggests Lilly is still priced at a premium despite its robust growth prospects.

Another issue is that Lilly's fortunes hinge significantly on its GLP-1 drugs -- and competition is intensifying. Novo Nordisk (NVO +1.25%) has a new oral version of its weight-loss drug, Wegovy, on the market. The company's CagriSema, which is in late-stage testing, could challenge Lilly's Zepbound. Amgen (AMGN 0.02%), Pfizer (PFE 0.33%), Roche (RHHBY 0.23%), and Viking Therapeutics (VKTX 5.37%) also all have promising weight-loss therapies in development.

In the meantime, Lilly has been forced to slash Mounjaro prices in China. The company cut prices to secure inclusion in China's state-run health insurance program. Speaking of China, the U.S. House of Representatives Select Committee on China is investigating Lilly's clinical drug trials in the country. In particular, the committee is concerned about Lilly's efforts involving Chinese military hospitals and in the Xinjiang region, where the Chinese Communist Party is accused of conducting a genocide of Uyghur Muslims.

To buy or not to buy? So, should you buy Eli Lilly stock? I have a nuanced answer.

Lilly is, without question, one of the world's best pharmaceutical companies. It's a leader in multiple markets, notably the weight-loss market, which could reach $150 billion by 2035. Despite its premium valuation and other risks, I think that this stock is a good pick for long-term investors.

However, I suspect Lilly's share price could pull back further, creating an even better buying opportunity. That's what has happened several times in the past when the stock hit a record high.

I could be wrong, though. Perhaps the best approach is to buy a partial position in Lily and add to it later (perhaps after the company reports its second-quarter results on July 30, 2026). With a long-term growth trajectory like Lilly's, easing into a full stake could be a profitable strategy.

The Euro to Dollar (EUR/USD) exchange rate is trading around 1.1415 after losing more than 2% during June and struggling to build a sustained recovery in July.

Goldman Sachs has lowered its six- and 12-month EUR/USD forecasts to 1.12, compared with previous targets of 1.18 and 1.20 respectively.

The bank expects a divided US Dollar environment, with the Greenback likely to strengthen further against lower-yielding currencies such as the Euro while losing ground against selected higher-carry currencies.

According to Goldman Sachs, the forecast revisions reflect an “ongoing divided Dollar environment” rather than an expectation of uniform Dollar gains across the foreign exchange market.

The bank expects US interest rates to remain at 3.50-3.75% for the rest of 2026, while resilient economic growth and persistent inflation should keep US yields relatively attractive.

Goldman Sachs forecasts US growth of 2.0% in 2026 and expects core PCE inflation to end the year at 3.0%, reducing the case for rapid Federal Reserve easing.

These conditions should continue to favour the Dollar against the Euro, with Goldman Sachs now expecting EUR/USD to fall towards 1.12 over both the six- and 12-month horizons.

Micron Technology (MU 1.05%) has emerged as one of the top AI stocks. It's up by more than 700% over the past year, thanks to strong demand for its memory and storage products from AI data centers. Those facilities need huge volumes of Micron's chips to efficiently handle AI workloads, but a new wave of products may need such chips even more. 

During the company's fiscal 2026 third-quarter call on June 24, CEO Sanjay Mehrotra told investors that humanoid robots are a much more promising opportunity for Micron than AI data centers. That may sound hard to believe right now, especially since Micron more than quadrupled its revenue year over year thanks to data center sales. However, the premise is worth exploring.

Image source: Getty Images.

A multi-decade memory demand cycle Some investors have shied away from the semiconductor trade due to the industry's cyclical history. The general concept is that at various points, rising demand for a particular type of chip leads to a shortage, which drives prices up.

The chipmakers supplying those products book higher profits, but they also rush to boost their production capacity so that they can sell as many of those chips as possible. "Rush," however, is relative. It can take a couple of years to get new chip fabrication facilities online.

Today's Change

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Eventually, more supply arrives, cutting into chipmakers' pricing power. Then, frequently, total demand slides, and the chipmakers are stuck with inventory gluts. But they have to get rid of their older models to make room for new chips with better technological features. The solution is price cutting, which results in further reduced revenues and even tighter margins.

Memory chips in particular have been subject to these cycles, as the technology has largely been commoditized. There's not an enormous amount of variation between the products made by Micron and its peers. 

Bullish investors view Micron as being in the middle of a multiyear up cycle driven by artificial intelligence. However, Mehrotra took it a step further during the fiscal 2026 third-quarter earnings call. He predicted a "sustained, substantial multidecade memory demand cycle" that will begin in "the latter part of this decade."

This cycle hasn't even started yet, and it's supposed to be bigger than the one that's being powered by AI data center demand. And that forecast came from Mehrotra right after his company broke records and crushed its already ambitious guidance.

Why robots? Mehrotra also notified investors that AI infrastructure is accelerating the path to physical AI. That's a large category that includes humanoid robots. Tesla (TSLA +0.22%) has also been teasing its Optimus robots for a while, and is getting closer to commercializing them.

When mass production of those devices actually happens, it will be a substantial tailwind for Micron. The company said humanoid robots will carry 10 times the memory of the average L2+ vehicle. (L2+ is just an auto industry insiders' term for vehicles with enhanced advanced driver assistance systems.)

The supply shortages in the memory market will get worse if demand continues to accelerate. Micron will have a vast runway to sell chips at nosebleed margins. Barclays expects the market for humanoid robots to reach $200 billion in less than 10 years, while well-known tech bull Dan Ives of Wedbush Securities anticipates the industry will be worth trillions of dollars over the course of the next decade.

Investors don't have to guess which robotics company will win that race when they can buy a chipmaker whose products will be integral to the majority of humanoid robots. That's the pitch from Micron, and it's a pretty good one.

Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.

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A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.

According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.

11 minutes ago

CASHCAT's market capitalization briefly surpassed $200 million, surging over 22% intraday.

Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.

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The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.

The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)

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A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.

According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.

11 minutes ago

A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.

According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.

11 minutes ago

A crypto whale bought the dip, acquiring 14,007 ETH valued at approximately $25.18 million.

According to monitoring by OnchainLens, a whale purchased 14,007 ETH at an average price of $1,798, with a total value of approximately $25.1 million.

11 minutes ago

According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.

Relevant content

A whale shorted 1.11 million CASHCAT tokens on Hyperliquid.

According to monitoring by Onchain Lens, a whale deposited approximately $450,000 into Hyperliquid. Within one hour of CASHCAT’s listing on Hyperliquid, the whale shorted 1.11 million CASHCAT tokens with 3x leverage, valued at $222,200. The entry price was $0.195336, liquidation price $0.531304, resulting in an unrealized loss of $4,400.

2 minutes ago

CASHCAT's market capitalization briefly surpassed $200 million, surging over 22% intraday.

Per GMGN market data, CASHCAT, a meme coin on Robinhood Chain, briefly hit an all-time high in market capitalization, currently trading at $200 million with an intraday increase of over 20%. Meme coins are highly volatile, so investors should exercise caution regarding associated risks.

2 minutes ago

The White House confirms Trump has 'emptied' the U.S. Election Assistance Commission.

The White House confirmed on the 10th that U.S. President Donald Trump has removed two incumbent members of the U.S. Election Assistance Commission from their posts. In a statement sent to media on the same day, the White House said the president "reserves the right to remove relevant personnel who may not be fully committed to safeguarding U.S. election security and ensuring every legal vote is counted." The statement did not give a specific reason for Trump's move. However, U.S. media reported that the Election Assistance Commission had rejected an executive order signed by Trump, which required voters to provide proof of U.S. citizenship on the national voter registration form. (Xinhua News Agency)

2 minutes ago

Hyperliquid launches CASHCAT futures trading, supporting up to 3x leverage.

Hyperliquid announces the launch of contract trading for the meme coin CASHCAT on Robinhood Chain, with support for up to 3x leverage.

2 minutes ago

A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.

According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.

2 minutes ago

A trader has earned more than $1 million in profits on CASHCAT, achieving a staggering return of up to 1183 times.

According to Lookonchain monitoring, a trader has reaped over $1 million in profits from CASHCAT. The trader spent 0.49 ETH (valued at $838) to purchase 15.04 million CASHCAT tokens, then sold them for 580 ETH (worth $1.04 million), generating a profit of over $1 million (a 1183x return). Had the trader held the tokens until now, the profit would have reached $2.9 million.

2 minutes ago

US spot Bitcoin ETFs pulled in $90.4 million in net inflows on July 10, while their Ethereum counterparts added $18.4 million. That translates to roughly 1,791 BTC and 10,550 ETH worth of fresh capital flowing into regulated crypto investment products in a single day.

The recovery after a record-breaking exodus June 2026 set an unwelcome record: approximately $4 billion in net outflows from US spot Bitcoin ETFs. That’s the largest monthly withdrawal since these products launched in January 2024.

A 10-day consecutive outflow streak from Bitcoin ETFs finally snapped on July 2, after hemorrhaging a cumulative $2.73 billion during that stretch alone.

Earlier in the month, Bitcoin ETFs recorded a single-day inflow of $265.7 million, driven primarily by BlackRock’s IBIT. The $90.4 million on July 10 is more subdued, but it reinforces the narrative that capital is rotating back in rather than continuing to flee.

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Who’s winning the ETF fee war BlackRock’s IBIT and Fidelity’s FBTC continue to dominate inflows on the Bitcoin side. On the Ethereum front, BlackRock’s ETHA and Fidelity’s FETH have carved out similar positions.

Grayscale’s higher-fee products have faced persistent outflows as investors migrate to cheaper alternatives. Grayscale’s Bitcoin Trust, which converted from a closed-end fund, carried significantly higher fees than competitors who entered the market with aggressive pricing, resulting in a steady asset transfer from Grayscale to BlackRock and Fidelity.

Since spot Bitcoin ETFs launched in January 2024, total net inflows have surpassed $50 billion, reaching approximately $51.3 billion by July 2026.

Macro backdrop and what’s driving sentiment Bitcoin prices have been hovering between $56,000 and $64,000 in early July. Easing inflation expectations have provided some tailwinds for risk assets broadly, and crypto ETFs appear to be catching that breeze.

The $18.4 million flowing into Ethereum ETFs is notable because Ethereum ETFs have historically struggled to match Bitcoin’s momentum in attracting capital. The fact that both products are seeing positive flows simultaneously suggests the recovery isn’t limited to Bitcoin; it’s a broader re-engagement with crypto as an asset class.

What this means for investors For investors watching the competitive landscape, the continued dominance of BlackRock and Fidelity products is worth tracking. The earlier $265.7 million inflow day in July shows the capacity for larger moves when conditions align.

A $4 billion monthly outflow in June demonstrates how quickly sentiment can reverse. With Bitcoin trading between $56,000 and $64,000, investors should watch whether the July inflow trend accelerates or fizzles. If daily inflows consistently stay positive and gradually increase, it would mark a meaningful shift in the institutional positioning that drove the June selloff.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.

So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to "cold" wallets over this period.

The movement of tokens over the past 24 hours is reflected in the following metrics:

HOT Stories

Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses.Modest inflow: Around 131 billion SHIB was deposited on trading platforms for potential sale.Net deficit: Exchange order books lost a net 95.35 billion SHIB in just one day.Reserves near the bottom: Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.The meme coin's price stabilized near $0.00000438 as exchange supply continued to decline. SHIB has gained approximately 4.12% since the beginning of July, but it remains trapped in a narrow range after a difficult June, when the asset lost 24%.

Large transfers slow, but reserves keep fallingThe seven-day average number of SHIB deposits to exchanges fell by 69%, while the equivalent figure for withdrawals declined by 78%. This means overall large-transfer activity weakened significantly compared with the previous week.

At the same time, the negative netflow shows that exchange reserves continue to shrink despite the lower number of transactions. The amount of SHIB available for immediate sale on centralized platforms is gradually decreasing.

Shiba Inu (SHIB) exchange netflow since July 3 2026, Source: CryptoQuant You Might Also Like

One important detail is that token withdrawals alone do not prove that all transfers are related to accumulation. Some of the activity may involve funds being redistributed between custodial wallets, internal exchange operations, or changes in storage structure.

What this means for the SHIB priceA decline in exchange supply could reduce potential selling pressure. If demand begins to rise, the smaller amount of available tokens may amplify the price response to new buying activity.

However, the eight-day outflow streak does not yet confirm the beginning of a new uptrend. Trading activity and the number of large transfers are declining alongside exchange reserves, meaning the market will need stronger spot volume to break out of the current consolidation range.

In the coming days, the main indicators for the Shiba Inu coin will be exchange reserves, daily netflow, and trading volume. Continued withdrawals combined with stronger buying activity would provide more reliable confirmation of a shift in the market balance than negative netflow alone.

Injective has launched a dedicated Institutional Infrastructure section on its website designed to walk enterprises through the process of piloting projects, tokenizing assets, and deploying capital in controlled onchain environments.

What the institutional page actually offers The new page outlines a four-step process for institutions: design pilots, launch in permissioned environments, tokenize assets with controlled access, and operate with institutional custody partners.

The compliance angle is front and center. Injective is highlighting KYC/AML-compliant programmable compliance, jurisdiction-based access controls, and fully configurable real-world asset markets.

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On the custody side, Injective is leaning on partnerships with BitGo and Fireblocks. Both firms already custody billions in digital assets for hedge funds, asset managers, and corporate treasuries.

The platform also supports a native Real-World Asset module, letting institutions tokenize everything from debt instruments to commodities within Injective’s ecosystem. Paired with native Ethereum Virtual Machine compatibility launched in November 2025, developers familiar with Ethereum’s tooling can build on Injective without learning an entirely new tech stack.

The network under the hood The blockchain reports over 2.94 billion onchain transactions processed to date, with a block time of 0.64 seconds. Ethereum’s block time hovers around 12 seconds.

The median transaction cost sits at $0.0001. Injective also claims over 500 onchain assets and a reported RWA volume of $6.8 billion.

The native token, INJ, serves as the backbone for governance and staking within the ecosystem.

Broader strategic context This infrastructure page is part of a broader refresh of Injective’s platform, which now features dedicated sections for institutions, developers, and the community.

Injective established the Injective Policy Institute in July 2026 specifically for US regulatory engagement.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas Purchase Licensing Rights, opens new tab

July 10 (Reuters) - Meta (META.O), opens new tab said on Friday it is discontinuing an AI feature launched this ​week that allowed users to generate images using public Instagram accounts, ‌after drawing widespread criticism over privacy concerns, including from a Hollywood union.

"Our intent was to provide a useful creative tool and to give people control over whether their public ​content could be referenced in this way," Meta said in a statement.

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"We've ​heard the feedback that this feature missed the mark, so ⁠it's no longer available," it said.

Meta, owner of Facebook and Instagram, had launched Muse ​Image on Tuesday, its first image-generation model from Meta Superintelligence Labs. The feature, ​integrated into its Meta AI chatbot, can use photos as input and lets users edit generated images directly through sketches.

The feature soon faced backlash over privacy concerns and being an ​automatic opt-in for users.

Emmy-winning actor Hannah Einbinder, known for "Hacks," criticized the feature ​on Instagram, saying it had been turned on automatically and urging users to turn it ‌off.

SAG-AFTRA, the ⁠union representing actors and other media professionals, also urged members and other Instagram users on Thursday to opt out of the feature.

"Anything other than a clear and conspicuous opt-in for these types of uses of Instagram users' images ​is unacceptable, and an ​utter miscalculation of ⁠public sentiment regarding the obvious dangers and harms inherent in such use," SAG-AFTRA said.

Following Meta's decision to remove the ​feature, SAG-AFTRA welcomed the move.

"With the dangers of nonconsensual digital ​replicas well ⁠known to all, a feature that encouraged that behavior is unwise. We appreciate its discontinuance. It is the responsible thing to do," a union spokesperson said.

The reversal ⁠reflects ​increasing pressure on technology companies to give users ​clear control over how their publicly shared content is used by AI features.

Reporting by Natalia Bueno Rebolledo ​and Mrinmay Dey in Mexico City; Editing by Edmund Klamann and Tom Hogue

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Ocugen NASDAQ: OCGN outlined plans to advance three late-stage retinal disease programs, with company speaker Shankar saying the company is targeting biologics license applications for retinitis pigmentosa and Stargardt disease next year and a third BLA for geographic atrophy in 2028.

Speaking during a Piper Sandler discussion with analyst Biren Amin, Shankar said Ocugen is focused on inherited retinal diseases and dry age-related macular degeneration, including retinitis pigmentosa, Stargardt disease and geographic atrophy, the late form of dry AMD. He cited more than 100,000 retinitis pigmentosa patients in the U.S., about 50,000 Stargardt disease patients in the U.S. and 2 million to 3 million geographic atrophy patients in the U.S. and EU in the late stage of disease.

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Shankar said Ocugen has retinitis pigmentosa and Stargardt programs in Phase 3 and expects to begin a global Phase 3 program for geographic atrophy in the third quarter, with alignment from regulators in the U.S. and Europe.

OCU410 Phase 3 Plans for Geographic Atrophy Amin began by asking about OCU410, Ocugen’s gene therapy candidate for geographic atrophy. Shankar said the therapy uses a modified RORA gene, which Ocugen is also using in its Stargardt program. He said RORA is intended to regulate multiple pathways involved in disease progression, including oxidative stress, lipid metabolism, inflammation and the complement system.

Shankar contrasted the approach with currently approved therapies that target the complement system, saying Ocugen believes RORA could help “reset” cellular homeostasis and create a healthier environment for photoreceptors and retinal pigment epithelial cells. He said Phase 2 data showed treatment benefit in one year, while many trials in the disease area run for at least two years.

Discussing Phase 2 results, Shankar said the medium dose showed about a 33% reduction in lesion growth when using the square root measure, while the company observed a bell-shaped dose-response pattern rather than a linear one. He said the high dose did not perform as consistently as the medium dose, leading Ocugen to select the medium dose for Phase 3.

For the pivotal study, Shankar said Ocugen plans to use a baseline lesion size range of 2.5 mm squared to 17.5 mm squared, consistent with approved products, and will measure the rate of change in lesion size at four-month intervals through 12 months. He said the company expects to enroll fewer than 300 patients and plans an adaptive design in which a data monitoring committee may review the trial after 50% of patients complete one year.

Shankar said Ocugen designed the trial assuming an effect size lower than the Phase 2 result, using roughly 25% to build in a buffer. Secondary endpoints will include ellipsoid zone preservation and low-luminance visual acuity. He said the medium dose showed about 27% preservation of ellipsoid zone loss in Phase 2, and the company hopes to see results in the 20%-plus range.

On safety, Shankar said there were no serious adverse events related to the drug in Phase 2, though some surgery-related issues can occur with vitrectomy and most resolved.

Stargardt Program OCU410ST Amin also asked about OCU410ST, Ocugen’s program for Stargardt disease. Shankar said Phase 1 results from the GARDian1 trial showed a 54% reduction in lesion growth in evaluable subjects compared with untreated eyes, using the contralateral eye as a control. He said the result informed the design of the Phase 2/3 pivotal study, which included 51 planned subjects, with 34 treated and 17 untreated.

Shankar said the company is also monitoring ellipsoid zone and low-luminance visual acuity as secondary measures. He said the program is intended as a one-time therapy and is being studied across a broad range of patients, including pediatric and adult patients aged three and older and patients from early to advanced stages of disease.

The GARDian3 pivotal trial includes an adaptive sample size re-estimation, which Shankar said is expected this quarter. He said the data monitoring committee could recommend no change, an adjustment in sample size or an extension of follow-up from 12 months to 16 months. Ocugen over-recruited the study to 63 patients, he said, potentially reducing the need for additional enrollment if the committee recommends a larger sample.

If no changes are made, Shankar said top-line results are expected in the second quarter of next year, followed by a BLA filing “a few weeks after that” or around mid-next year. If the timeline is extended, he said any delay could be roughly four to six months and still could allow the company to reach year-end next year. He also said no serious adverse events related to the drug have been observed so far in the Stargardt program.

OCU400 for Retinitis Pigmentosa Ocugen’s third program, OCU400, targets retinitis pigmentosa. Shankar said enrollment is complete in the Phase 3 trial, with top-line data expected in the first half of next year. He described the trial as a large genetic medicine study with 140 patients and more than 25 genetic mutations represented.

Shankar said OCU400 uses NR2E3 delivered through an AAV vector and is designed to be gene-agnostic by upregulating key transcription factors and helping reset cellular function. He said the trial includes a 2:1 randomization ratio, with more patients in the treatment arm than the control arm, and covers a broad population that includes syndromic and non-syndromic retinitis pigmentosa.

The primary functional assessment will use a Luminance Dependent Navigation Assessment, which Shankar said is similar to the multi-luminance mobility test used in the approval of Luxturna but modified to be more specific and sensitive. He said the trial will compare the rate of improvement over one year against the control arm.

Upcoming Milestones Shankar said Ocugen is aiming for two top-line readouts next year from its retinitis pigmentosa and Stargardt programs, followed by a third program readout in geographic atrophy in 2028. He reiterated the company’s goal of filing three BLAs over the next two years, followed by marketing authorization applications and potential global approvals.

“We’re going after with our one-time potential treatments, targeting hundreds of thousands to millions,” Shankar said, describing that as a key point of differentiation for the company.

About Ocugen NASDAQ: OCGNOcugen Inc is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing gene therapies to treat rare inherited retinal diseases, as well as vaccines designed to address unmet needs in infectious diseases. Headquartered in Malvern, Pennsylvania, the company applies its proprietary gene therapy platform to create novel treatments aimed at preserving and restoring vision, while leveraging strategic partnerships to broaden its vaccine pipeline.

In its gene therapy portfolio, Ocugen is advancing multiple programs targeting retinal disorders.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Jefferies Financial Group, Inc. (“Jefferies” or the “Company”) (NYSE:JEF). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.

[LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On June 25, 2026, Jefferies reported quarterly results showing weaker asset-management fees and investment returns driven in part by Jefferies’ asset-management unit, Point Bonita Capital. The Securities and Exchange Commission is reportedly investigation claims that Jefferies misled investors about the Company’s exposure to First Brands Group, a now-bankrupt auto-parts supplier, through Point Bonita. According to public reports, funds run by Point Bonita were owed roughly $715 million from companies that bought First Brands’ parts. First Brands filed for bankruptcy in September 2025 amid accounting questions, and Jefferies later disclosed a $30 million loss tied to the collapse. On this news, the price of Jefferies shares declined by $5.30 per share, or approximately 9%, from $57.94 per share on June 24, 2026 to close at $52.64 on June 25, 2026.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Jefferies securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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

BellRing Brands (BRBR - Free Report) ended the recent trading session at $12.48, demonstrating a +2.72% change from the preceding day's closing price. This change outpaced the S&P 500's 0.42% gain on the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.29%.

Coming into today, shares of the nutritional supplements company had gained 36.36% in the past month. In that same time, the Consumer Staples sector gained 0.59%, while the S&P 500 gained 2.2%.

Analysts and investors alike will be keeping a close eye on the performance of BellRing Brands in its upcoming earnings disclosure. The company's earnings report is set to go public on August 4, 2026. It is anticipated that the company will report an EPS of $0.36, marking a 34.55% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $553.26 million, reflecting a 1.05% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.22 per share and revenue of $2.33 billion. These totals would mark changes of -43.78% and +0.7%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for BellRing Brands. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.37% lower. BellRing Brands is currently a Zacks Rank #3 (Hold).

Looking at its valuation, BellRing Brands is holding a Forward P/E ratio of 9.93. For comparison, its industry has an average Forward P/E of 13.02, which means BellRing Brands is trading at a discount to the group.

We can also see that BRBR currently has a PEG ratio of 5.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Food - Miscellaneous industry stood at 2.44 at the close of the market yesterday.

The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Simply Good Foods (SMPL 1.85%) simply wasn't an inspiring stock on the last trading day of the week. On Friday, several analysts weighed in with new, post-earnings takes on the healthy comestibles company. These were mixed, but it was obvious that investors were leaning more toward the bearish updates than the more positive ones.

Slumping financials These came a day after Simply reported its fiscal third-quarter 2026 results. Net sales for the period were $357 million, down from the $381 million in the same period of fiscal 2025.

Image source: Getty Images.

On the bottom line, under generally accepted accounting principles (GAAP), the company flipped to a net loss of almost $52 million from the year-ago profit of over $41 million. On a non-GAAP (adjusted) and per-share basis, however, the story was different, with a profit of $0.42 down from third quarter 2025's $0.51.

Regardless, both line items well exceeded the consensus analyst estimates of under $333 million for net sales and $0.35 per share for adjusted net income.

Today's Change

(

-1.85

%) $

-0.24

Current Price

$

12.77

A flurry of Friday updates By my count, six analysts weighed in with Simply updates on Friday. Four of the half-dozen had a bearish tone, with one pundit going so far as to drastically cut his price target on the stock. This was Matt Curtis of DA Davidson, who now believes the shares are only worth $14 apiece, down from his previous $39. He maintained his existing Simply recommendation of neutral.

It's encouraging that the company, perhaps best known for its Atkins products that align with the namesake diet's requirements, did better than expected in the trailing quarter. Yet those top- and bottom-line erosions are concerning, and I'm not seeing many strong competitive advantages for Simply. Given that, I'd be more inclined to side with the more downbeat post-earnings takes.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Simply Good Foods. The Motley Fool has a disclosure policy.