Earnings Picture Is 'Actually Quite Good,' Uleer Says
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
16 minutes ago
- USA Today
Bitcoin and crypto are on an upswing. How long can it continue?
July was good to Bitcoin, and some analysts think this may just be the warmup. Although Bitcoin was last down 0.35% at $115,396.40, below its record peak of around $123,000, some analysts aren't worried. Tom Lee, managing partner and head of research at Fundstrat Global Advisors who predicted Bitcoin's peak in 2024, has said he thinks Bitcoin willl reach $250,000 before the end of the year. Bitcoin climbed to a record high on July 14 as weekly cryptocurrency investment products saw record weekly inflows, pushing the total crypto market to top $4 trillion for the first time ever. With new legislation signed into law last month and skyrocketing institutional buying, there's little doubt digital assets are becoming more mainstream, they say. Earlier in the year, crypto exchange Coinbase also became the first crypto exchange to join the S&P 500, marking a major milestone for the digital asset industry. "Bitcoin pulling back after reaching a new all-time high is not unusual," said Samer Hasn, Senior Market Analyst at global broker Often, rallies are followed by dips, so people can take some profits around key technical levels. The drops also allow people who are sidelined and don't want to buy at the highs a lower entry point. Regulations give institutions green light The GENIUS Act, signed into law on July 18, creates a regulatory framework for stablecoins, a popular type of cryptocurrency tied to the value of stable assets like the U.S. dollar. The Act "marks a turning point in federal crypto oversight," said Frank Walbaum Market Analyst at socal investing platform Naga. "Regulatory clarity could support institutional adoption and long-term market maturation." Crypto has already seen a flood of new interest, with money flooding into crypto exchange traded funds, or ETFs that trade like stocks on an exchange but have holdings that track an index or other underlying asset. iShares Bitcoin Trust ETF, which seeks to reflect generally the performance of the price of bitcoin, became the fastest growing ETF ever in terms of assets. "The crypto ETF pie is growing fast because of broader adoptions after executive orders by President Donald Trump that are in the process of breaking down regulatory barriers that previously stood in the way of broader crypto adoption," said Bryan Armour, Morningstar's director of ETF and passive strategies. Who's buying crypto? Buyers are mostly young American males, according to a Deutsche Bank survey of U.S., UK and EU residents in June. In the United States, 23% of men versus 13% of women use cryptocurrency as a form of payment or personally invest in crypto, the survey showed. That's up from 20% and 12%, respectively, in January. Individual investors also tend to be young in the U.S. Among 18–34-year-olds, the share of investors increased to 29% in June from 24% in January, due to "excitement over Trump's pro-crypto administration," said Marion Laboure, senior economist at Deutsche Bank. Adoption rates have been on an upwards trend since Trump's election in November. U.S. investors also tend to have more money. U.S. crypto adopters tend to have income above $100,000 annually (34%). It was a 32% adoption rate for those earning between $50,000 and $100,000. More companies also are building Bitcoin treasuries. For example, MicroStrategy, which began buying Bitcoin in 2020, has since sold equity, issued various types of debt and layered stacks of preferred shares on top to raise money to buy more. In its latest earnings regulatory filing, it said it would do so again, selling $4.2 billion more in preferred stock to buy more of the digital coin. Its Bitcoin holdings helped the company's results top second-quarter estimates with a surprising profit. Metaplanet also said in a regulatory filing it plans to potentially issue up to $3.7 billion worth of perpetual preferred shares and use proceeds to buy more Bitcoin. It has said it wants to accumulate 210,000 Bitcoin by the end of 2027. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
Business Upturn
17 minutes ago
- Business Upturn
Atos Group – Availability of the 2025 Half-year Financial Report
By GlobeNewswire Published on August 1, 2025, 23:00 IST Availability of the 2025 Half-year Financial Report Paris, August 1, 2025 – Atos Group announces that its 2025 half-year financial report was published today on its website and filed with the French Financial Markets Authority ('AMF'). This document includes the 2025 half-year activity report, the financial statements for the first of 2025, the statutory auditors' review report and the statement of the responsible person for the half-year financial report. It is available, in English and in French, on the Company's website ( About Atos Group Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris. The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space. Contact Investor relations: [email protected] Individual shareholders: +33 8 05 65 00 75 Attachment PR – Atos Group – 20250801 – 2025 Half-year Financial Report Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
35 minutes ago
- Yahoo
2 Monster Growth Stocks to Sell Before They Fall 56% and 64% in 2025, According to Wall Street Analysts
Key Points JPMorgan Chase analysts expect shares of Circle Internet Group and Tesla to decline sharply in the remaining months of the year. Circle is the issuer of USDC, the second largest stablecoin by market value, but the stock is hard to value because the company has only been public for a few months. Tesla has lost substantial market share in electric vehicles this year, but the company recently introduced its first commercial autonomous ride-hailing service. These 10 stocks could mint the next wave of millionaires › Circle Internet Group (NYSE: CRCL) shares have advanced 120% since the company held its initial public offering in June, and Tesla (NASDAQ: TSLA) shares have climbed 160% since the beginning of 2023. However, JPMorgan Chase analysts expect the monster growth stocks to declined sharply in the remaining months of the year. Ken Worthington at JPMorgan has set Circle with a year-end target price of $80 per share. That implies 56% downside from its current share price of $182. Ryan Brinkman at JPMorgan has set Tesla with a year-end target price of $115 per share. That implies 64% downside from its current share price of $321. Importantly, most Wall Street analysts are less bearish, but very few expect material upside in the stocks. The average target on Circle is $181.50 per share, which implies no change from its current price. And the average target on Tesla is $310 per share, which implies 3% downside from its current price. Here's what investors should know. Circle Internet Group: 56% implied downside Circle is on a mission to improve the global financial system by enabling a frictionless exchange of value with stablecoins, cryptocurrencies tied to the value of fiat currencies. The company is best known for its U.S. dollar-denominated USDC (CRYPTO: USDC), the seventh largest cryptocurrency by market value. But Circle is also the issuer of the European euro-denominated EURC (CRYPTO: EURC). Those stablecoins are fully backed by fiat currency, and Circle currently generates most of its revenue from interest earned on those reserve assets. However, the company recently expanded into payment processing. The Circle Payments Network will support a broad range of money movement use cases, such as supplier payments, remittances, and payroll. Circle has yet to report financial results as a public company, but its recently filed Form S-1 shows the following for the first quarter: Revenue increased 59% to $579 million because of a large increase in circulating USDC, offset by lower interest rates. And adjusted EBITDA rose 60% to $122 million. Investors have good reason to believe the company can maintain its momentum. Today, Stablecoins have a collective market value of $260 billion. But Seaport Research analyst Jeff Cantwell estimates that figure will nearly double to reach $500 billion in 2026, and could eventually reach $2 trillion. In turn, Cantwell thinks Circle's revenue will grow at 25% to 30% per year as the stablecoin market expands. This stock is hard to value, given Circle has been a public company for only a few months. However, the current multiples of 21 times sales and 189 times forward earnings are not cheap, leaving plenty of room for the share price to fall. I am skeptical about the 56% drop implied by JPMorgan's target price, but investors should limit exposure to Circle stock until the company has been public for a few quarters. Tesla: 64% implied downside Tesla has lost significant market share in electric vehicles in the past year because of increased competition and brand damage inflicted by CEO Elon Musk, who has managed to irritate both major U.S. political parties. Tesla accounted for 10% of battery electric vehicle sales through May, down from 16% in the same period last year, per Morgan Stanley. Tesla reported dismal second-quarter financial results. Deliveries dropped 13%, the second straight decline. In turn, revenue declined 12% to $22 billion, operating margin contracted 2 percentage points, and non-GAAP net income declined 23% to $0.40 per diluted share. Musk also warned the next few quarters could be rough, but he remains upbeat about the long-term narrative. Musk thinks Tesla can eventually be the most valuable company in the world if it executes on opportunities in autonomous driving and robotics. Tesla recently introduced a robotaxi service in Austin, and Musk says the coverage area may include half the U.S. population by year's end. That would put the company ahead of the market leader Alphabet's Waymo, which operates in only five U.S. cities. Musk during the earnings call also talked about the humanoid robot Optimus. He expects production to reach 100,000 units monthly within five years, or at least 1 million units annually. He has previously estimated humanoid robots will be a $10 trillion opportunity for Tesla, meaning Optimus may eventually be its largest source of revenue. Wall Street expects Tesla's earnings to grow at 20% annually over the next three years. That makes the current valuation of 186 times earnings look outrageously expensive. I doubt shares will fall 64%, unless something goes wrong with the robotaxis or robots, but investors should still keep their positions small until Tesla makes more progress in those nascent areas of its business. Should you buy stock in Tesla right now? The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $630,291!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,791!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has positions in Tesla. The Motley Fool has positions in and recommends Alphabet, JPMorgan Chase, and Tesla. The Motley Fool has a disclosure policy. 2 Monster Growth Stocks to Sell Before They Fall 56% and 64% in 2025, According to Wall Street Analysts was originally published by The Motley Fool
