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Yahoo
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Goldman, BNY team up to launch tokens tied to money market funds
(Reuters) -Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance. Investors can now buy and sell money market fund shares on BNY's LiquidityDirect platform, with a digital record of those shares created on Goldman's blockchain system, the two financial giants said on Wednesday. The move marks an early step toward modernizing the infrastructure that underpins most of the financial ecosystem. If adopted broadly, it could make it easier and faster for institutional investors to use these assets as collateral and reduce trade settlement times. BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments and Goldman Sachs Asset Management are among the companies participating in the initial rollout. Though a subject of debate, tokenization's potential to drastically reshape the investing landscape has drawn strong interest. In January, Apollo teamed up with Securitize to launch a feeder fund that would channel capital from crypto-native investors into its global credit fund. The moves coincide with surging optimism in the crypto industry, which has rallied in recent months and gained fresh momentum after the Genius Act passed earlier this month.
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Enphase Slides on Weak Guidance, Tariffs
Enphase Energy (NASDAQ:ENPH) slid in early trading after it warned Q3 revenue will land between $330 million and $370 million versus the $368.35 million analysts expected. The solar inverter maker said IQ Battery shipments of 190210 MWh are baked into that outlook, fueling a 10 % premarket drop and leaving shares down 38 % YTD. Warning! GuruFocus has detected 6 Warning Signs with ENPH. CEO Badri Kothandaraman noted that the U.S. slapped a 30 % tariff on Chinese imports in May after threatening a 145 % levy, trimming the margin headwind from an initial 6% to 8 % to 3% to 5 %. Enphase now forecasts GAAP gross margins of 41 % to 44 % and adjusted margins of 43 % to 46 %, factoring in IRA benefits. Tariffs still bite more on batteries than microinverters, though the company is diversifying its supply chain and mapping a path to non?China cell sourcing. Analysts pressed management on how channel inventory and tariff risks could be offset, signaling cautious optimism but lingering concerns. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
25 minutes ago
- Forbes
How To Trade Roku Stock Ahead Of Q2 Earnings?
Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images Roku (NASDAQ:ROKU) is expected to announce its Q2 2025 earnings in early August. We anticipate that the company will report a net loss of approximately $0.16 per share, with revenue projected at $1.07 billion, reflecting an increase of about 11% compared to the previous year. This growth is anticipated to be fueled by increased video advertising revenues and distribution activities related to streaming services. Despite the broader economy facing challenges due to tariff-related uncertainties with key trading partners, the streaming industry seems to be relatively robust. Streaming leader Netflix recently released better-than-expected Q2 2025 results, showcasing a 16% growth in revenue, which suggests that the demand for streaming entertainment remains strong. However, Roku may still encounter some obstacles. The company has a significant hardware segment and licensing agreements with smart TV manufacturers, some of whom are based in China, which could make it vulnerable to potential supply chain disruptions and cost pressures. Currently, the company has a market capitalization of $13 billion. Over the past twelve months, revenue reached $4.3 billion, but it suffered operational losses totaling $-204 million along with a net income of $-106 million. Much will hinge on how the results compare to consensus expectations, but understanding historical trends could increase the odds in your favor if you are an event-driven trader. There are two ways to approach this: familiarize yourself with historical probabilities and position yourself ahead of the earnings announcement, or examine the relationship between immediate and medium-term returns following earnings and adjust your position accordingly after the earnings have been revealed. If you are looking for upside with less volatility than individual stocks, the Trefis High Quality portfolio offers an alternative – it has outperformed the S&P 500 and produced returns over 91% since its launch. View the earnings reaction history of all stocks Roku's Historical Chances of Positive Returns Following Earnings Here are some insights regarding one-day (1D) returns after earnings: Additional information on observed 5-Day (5D) and 21-Day (21D) returns following earnings is detailed along with the statistics in the table below. 5-Day (5D) and 21-Day (21D) returns following earnings Relationship Between 1D, 5D, and 21D Historical Returns A relatively less risky approach (although it's not effective if the correlation is low) involves analyzing the correlation between short-term and medium-term returns following earnings, identifying a pair with the highest correlation, and executing the appropriate trade. For instance, if 1D and 5D demonstrate the strongest correlation, a trader can position themselves "long" for the following 5 days if the 1D post-earnings return is positive. Below is correlation data reflecting 5-year and 3-year (more recent) trends. The correlation 1D_5D indicates the correlation between 1D post-earnings returns and the following 5D returns. Relationship Between 1D, 5D, and 21D Historical Returns Is There Any Correlation With Peer Earnings? Occasionally, the performance of peers can impact the stock reaction post-earnings. In fact, market pricing may commence prior to the earnings announcement. Here is some historical data comparing Roku's post-earnings performance with that of peer stocks that reported before Roku. For a fair comparison, peer stock returns also reflect post-earnings one-day (1D) returns. Correlation With Peer Earnings Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (comprising all 3, the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors. Additionally, if you are interested in potential upside with a smoother experience than an individual stock like Roku, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception.
