The Hottest Business Strategy This Summer Is Buying Crypto
Companies are raising tens of billions of dollars, not to invest in their businesses or hire employees, but to purchase bitcoin and more obscure cryptocurrencies. A Japanese hotel operator, a French semiconductor manufacturer, a Florida toy maker, a nail-salon chain, an electric-bike maker—they're all plowing cash into tokens, helping to send all kinds of digital currencies to record levels. News that a new company plans to buy crypto is enough to send its shares flying—spurring others to consider joining the frenzy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Tweedy Browne International Value Reduces Stake in Zurich Insurance Group AG by 74.44%
Exploring the Strategic Moves of Tweedy Browne International Value (Trades, Portfolio) in Q2 2025 Warning! GuruFocus has detected 4 Warning Signs with XSWX:ROG. Tweedy Browne International Value (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, shedding light on its strategic investment decisions during this period. The Tweedy, Browne Global Value Fund, established on June 15, 1993, is managed by a team of seasoned investment professionals, including Roger R. de Bree, Frank H. Hawrylak, Jay Hill, Sean McDonald, Thomas H. Shrager, John D. Spears, and Robert Q. Wyckoff, Jr. The fund adheres to a "Ben Graham" value-oriented approach, focusing on securities trading at discounts to intrinsic value. Primarily investing in foreign equity securities, the fund also explores U.S. equities when attractive opportunities arise, with a focus on developed markets and some exposure to emerging markets. Currency risk is mitigated by hedging foreign currency exposure back into the U.S. dollar where feasible. Summary of New Buy Tweedy Browne International Value (Trades, Portfolio) added a total of two stocks to its portfolio, including: The most significant addition was Azelis Group NV (XBRU:AZE), with 1,462,410 shares, accounting for 0.54% of the portfolio and a total value of 23.23 million. The second largest addition was Nakanishi Inc (TSE:7716), consisting of 543,990 shares, representing approximately 0.17% of the portfolio, with a total value of 7,140,470. Key Position Increases Tweedy Browne International Value (Trades, Portfolio) also increased stakes in a total of seven stocks, including: The most notable increase was in Nippon Sanso Holdings Corp (TSE:4091), with an additional 953,285 shares, bringing the total to 1,357,200 shares. This adjustment represents a significant 236.01% increase in share count, a 0.84% impact on the current portfolio, with a total value of 51,330,150. The second largest increase was in Teleperformance SE (XPAR:TEP), with an additional 253,802 shares, bringing the total to 809,227. This adjustment represents a significant 45.7% increase in share count, with a total value of 78.20 million. Summary of Sold Out Tweedy Browne International Value (Trades, Portfolio) completely exited three holdings in the second quarter of 2025, as detailed below: Johnson & Johnson (NYSE:JNJ): Sold all 177,077 shares, resulting in a -0.68% impact on the portfolio. Tarkett SA (XPAR:TKTT): Liquidated all 1,527,083 shares, causing a -0.66% impact on the portfolio. Key Position Reduces Tweedy Browne International Value (Trades, Portfolio) also reduced positions in 19 stocks. The most significant changes include: Reduced Zurich Insurance Group AG (XSWX:ZURN) by 136,083 shares, resulting in a -74.44% decrease in shares and a -2.21% impact on the portfolio. The stock traded at an average price of CHF 571.99 during the quarter and has returned -2.04% over the past three months and 8.87% year-to-date. Reduced BAE Systems PLC (LSE:BA.) by 3,928,420 shares, resulting in a -42.83% reduction in shares and a -1.85% impact on the portfolio. The stock traded at an average price of 17.77 during the quarter and has returned 9.75% over the past three months and 62.70% year-to-date. Portfolio Overview At the end of the second quarter of 2025, Tweedy Browne International Value (Trades, Portfolio)'s portfolio included 90 stocks. The top holdings included 3.63% in Roche Holding AG (XSWX:ROG), 3.58% in Nestle SA (XSWX:NESN), 3.55% in Safran SA (XPAR:SAF), 3.49% in United Overseas Bank Ltd (SGX:U11), and 3.36% in Novartis AG (XSWX:NOVN). The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Consumer Defensive, Financial Services, Healthcare, Basic Materials, Consumer Cyclical, Technology, Energy, Communication Services, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
What You Need to Know Ahead of Darden Restaurants' Earnings Release
Valued at a market cap of $23.9 billion, Darden Restaurants, Inc. (DRI) is a leading full-service restaurant company headquartered in Orlando, Florida. It operates thousands of restaurants under iconic brands such as Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Eddie V's, and Bahama Breeze. The company is scheduled to announce its fiscal Q1 earnings for 2026 on Thursday, Sept. 18. Analysts project this restaurant company to report a profit of $1.99 per share in Q1, up 13.7% from $1.75 per share in the year-ago quarter. The company has missed Wall Street's bottom-line estimates in three of the last four quarters, while exceeding on another occasion. Its earnings of $2.98 per share in the previous quarter outpaced the consensus estimates by a slight margin. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect DRI to report EPS of $10.63, up 11.3% from $9.55 per share in fiscal 2025. Its EPS is expected to further grow 7.4% year-over-year (YoY) to $11.42 in fiscal 2027. DRI has rallied 44.1% over the past 52 weeks, considerably outperforming both the S&P 500 Index's ($SPX) 18.3% return and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.5% uptick over the same time frame. Shares of DRI surged 1.4% on June 20, after its Q4 earnings release. The company's overall revenue advanced 10.6% YoY to $3.3 billion, with blended same-restaurant sales increasing by 4.6%. Its top-line figure came in line with the consensus estimates. Moreover, its adjusted EPS from continuing operations improved 12.5% annually to $2.98. Looking ahead to fiscal 2026, DRI expects sales growth of 7% to 8%, and anticipates adjusted EPS from continuing operations to be between $10.50 and $10.70. Wall Street analysts are moderately optimistic about DRI stock, with an overall "Moderate Buy" rating. Among 28 analysts covering the stock, 16 recommend a "Strong Buy," two indicate a "Moderate Buy," and 10 advise a 'Hold.' The mean price target for DRI is $234.64, indicating a 14.7% upside potential from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Bloomberg
24 minutes ago
- Bloomberg
Spirit Airlines to Furlough 270 Pilots as It Reduces Flight Schedule
Spirit Airlines will furlough roughly 270 pilots and demote 140 more as the financially struggling carrier trims its workforce to match a reduced flying schedule. The furloughs will take effect on Nov. 1, with the downgrades from captain to first officer happening on Oct. 1, the airline said on Monday in an emailed statement.
