Trump signs GENIUS Act, first US law to regulate stablecoins and crypto industry
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Mint
14 minutes ago
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Crypto investors are changing the stock market. How to profit.
Americans may vehemently disagree about politics, but they increasingly agree on this: They love U.S. stocks. And they're not alone. International investors increasingly want our stocks, too. That insight is often overshadowed by negative media coverage of President Donald Trump, and especially over his plans to use tariffs to reshape the global order. But recent earnings reports from Charles Schwab and Interactive Brokers Group show that an intense desire to own U.S. stocks is emerging as one of the big themes of 2025. Rather than retreating to the safety of money-market funds, or watching the markets without trading, investors are increasingly embracing the volatility around Trump's policies. Schwab reported that strong transaction volumes drove a 60% increase in its second-quarter net income. Interactive Brokers reported a 170% quarterly increase from 2024 in overnight trading volume, helped by international clients who want U.S. market access—and who are able to trade 10,000 U.S. stocks and exchange-traded funds, equity index futures and options, and bonds outside of regular U.S. trading hours. Should the U.S. dollar remain weak—which seems to be a goal of the Trump administration—global consumers will likely find that U.S. goods will be cheaper. The phenomenon should further boost U.S. stocks with international sales. The initial data points from two important brokerages is a positive for the U.S. stock market. It indicates strong demand for U.S. stocks, especially on declines. We raise this point as many pundits and strategists are advising clients to hedge stocks in anticipation that primary benchmarks, like the S&P 500 index, may soon back off record levels. Sure, there are always risks, especially when markets are at record highs, as they are now. But many investors seem to be taking a page from the playbook of crypto investors, who are increasingly active in the stock and options markets. The price of Bitcoin has enjoyed extraordinary ups and downs, yet Bitcoin investors tend to stay invested. When the crypto markets are at their worst, crypto investors remind each other to HODL, for 'Hold on for Dear Life." Stock investors, conversely, often panic and sell. The influence of crypto investing styles on stock investors is too little appreciated. The next few weeks of corporate earnings reports should make the world's burgeoning love affair with U.S. stocks more apparent. Earnings results have thus far been good, and more positive news should strengthen investors' bullishness. In addition, any good news from Trump's tariff negotiations is likely to be interpreted as even more reason to buy stocks. Investors can position for more stock market upside without sharply increasing their risk with call-option spreads. The strategy—buying a call and selling another with a higher strike price but the same expiration—increases in value if the associated securities increase in price. With the SPDR S&P 500 ETF (ticker: SPY) at $628.86, investors can buy the September $635 call for $12.96 and sell the September $650 call for $5.89. If SPY is at $650 at expiration, the spread is worth a maximum profit of $7.93. The risk: That the ETF is below $635 at expiration, which would mean the trade fails. Aggressive investors could also sell a September $615 put option for $8.75. The put sale positions investors to buy SPY at $615. If the ETF is above $615 at expiration, investors keep the premium. The continued embrace of U.S. stocks anticipates a continuation of the status quo. Any diversions from the script could trigger stock volatility—but stay cool and HODL. Over time, you'll be glad you did. Email: editors@
Business Standard
16 minutes ago
- Business Standard
Stock to Watch today, July 23: Dixon Tech, Paytm, Hyundai Motor, JSW Infra, Infosys
Stock Market today: Benchmark equity indices are expected to open on a flat tone with a slight positive bias, as the ongoing earnings season for the first quarter of financial year 2025-2026 (Q1FY26) keeps investor sentiment in a 'wait and watch' mode. At 7:20 AM, GIFT Nifty futures were trading at 25,157 level, up by 73 points or 0.29 per cent, signalling a flat start. While earnings remain the primary focus for D-Street, prevailing uncertainty around the India-US trade deal is keeping the overall sentiment cautious. In the Asia-Pacific region, markets witnessed a strong uptrend. Nikkei was trading over 1,000 points higher or up by 2.65 per cent, quoting 40,830.97 after Trump announced a 'massive' trade deal with Japan. Hang Seng was also trading in green, up 147 points or 0.59 per cent, quoting 25,279.66. However, South Korea's Kospi remained in red, trading at 3,163.32, down by 0.21 per cent or 6 points. CATCH STOCK MARKET LATEST UPDATES LIVE Global market remained flat, albeit with a positive bias. The Dow Jones Industrial Average was up by 179 points or 0.4 per cent, and settled at 44,502.44. The S&P 500 concluded the trading session at 6,309.62 level, up by just 4 points. Q1FY26 earnings today All eyes will remain on the earnings of IT giant Infosys. Besides the IT major, companies such as Tata Consumer Products, Dr. Reddy's Laboratories, Bajaj Housing Finance, Persistent Systems, Oracle, Coforge, Aditya Birla Estate and PCBL Chemicals are set to announce their results for the quarter ended June 30, 2025. Meanwhile, Bikaji Foods International, Aditya Birla Foods International, Sapphire Foods India, Syrma SGS Technology, Force Motors, Borosil Renewables, Bajaj Steel Industries and HMT are also scheduled to release their earnings today. Here is a list of stocks to watch today: One97 Communications (Paytm): The company reported a consolidated profit of ₹123 crore, compared to a loss of ₹840 crore in the corresponding period of the previous fiscal year. Revenue from operations for the quarter under review stood at ₹1,918 crore, up by 28 per cent from ₹1,502 crore reported in the first quarter of FY25. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins for the quarter ending June 30, 2025, stood at 4 per cent. Dixon Technologies: The company reported a robust rise of 95 per cent in its revenue from operations figure in Q1FY26 to ₹12,835 crore from ₹6,579 crore recorded in the corresponding quarter of the previous fiscal year. Consolidated net profit for the quarter under review stood at ₹280 crore as against ₹140 crore reported in the same period of FY25, marking a 100 per cent rise. 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Business Standard
20 minutes ago
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GIFT Nifty hints towards positive start; Trump announces 'massive' trade deal with Japan
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