Why Circle Internet Stock Is Soaring Today
Shares of Circle Internet Group (NYSE: CRCL) are rising today, up 10.8% as of 1:39 p.m. ET. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.7% and 0.8%, respectively.
The company, which went public earlier this month, is the sole issuer of USDC, one of the most popular stablecoins on the market. Circle stock saw a boost today from news that the Trump administration will allow borrowers to use crypto as assets on their mortgage applications.
Trump admin wants crypto on mortgage applications
The Federal Housing Finance Agency has ordered Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in mortgage loan risk assessments. The directive allows borrowers to retain crypto stored on U.S.-regulated exchanges without converting it to dollars before closing.
The move is a continuation of Trump's pro-crypto agenda, and crypto-related stocks like Circle received a lift.
There are some hidden issues with Circle
Investors should keep a few key risks in mind. First, Circle's revenue is closely tied to interest rates, which are currently elevated. If the Federal Reserve lowers rates as anticipated later this year, Circle's top line could be cut by about 10% for every 0.25% rate cut. Second, about half of Circle's revenue goes to Coinbase due to their partnership -- an arrangement that leaves Circle reliant on decisions made outside its own business. With a market cap nearing $55 billion and $1.7 billion in sales last year, Circle stock already has a lot of future growth baked in. I would avoid Circle stock.
Should you invest $1,000 in Circle Internet Group right now?
Before you buy stock in Circle Internet Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Circle Internet Group wasn't one of them. 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 $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!*
Now, it's worth noting Stock Advisor 's total average return is818% — a market-crushing outperformance compared to175%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 June 23, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
22 minutes ago
- Globe and Mail
Buy Micron Technology (MU) Stock for AI Growth After Record Quarterly Sales?
Reporting strong results for its fiscal third quarter on Wednesday evening, Micron Technology MU is at the top of an expansive list of companies that are experiencing AI-driven growth thanks to high demand for semiconductor memory solutions. Along with other major players in the semiconductor and memory chip space, such as Marvell Technology MRVL and Qualcomm QCOM, Micron is benefiting from the growing demand for high-performance computing components for AI, data centers, and mobile devices. Micron's Record Quarterly Sales Seeing sales of AI-related products more than double, Micron's Q3 sales came in at a quarterly record $9.3 billion. This was a 37% increase from Q3 sales of $6.81 billion in the comparative quarter and comfortably exceeded estimates of $8.83 billion by 5.27%. Micron's high-bandwidth memory (HBM) business stood out, with sales of $1.5 billion marking nearly 50% sequential growth, fueled by demand for AI computing applications. HBM sales helped drive record DRAM (Dynamic Random-Access Memory) revenue of $7.1 billion, as Data Center-specific revenue more than doubled from the surge in memory demand for AI workloads. Micron's Q3 EPS & Other Quarterly Highlights On the bottom line, Micron's Q3 earnings skyrocketed 208% to $1.91 per share ($2.18 billion) from EPS of $0.62 a year ago and crushed expectations of $1.59 a share by 20%. Improved pricing and product mix were the main drivers, with Micron vanquishing a 39% gross margin, compared to 28% in the prior year quarter. Other noteworthy highlights included a six-year peak in free cash flow at $1.95 billion. Micron's Positive Guidance Supported by AI momentum, Micron CEO Sanjay Mehrotra stated the company is on track to deliver record revenue for the full fiscal year. Notably, Micron expects Q4 sales to be $10.7 billion (+/-$300 million), which came in above the current Zacks Consensus of $9.9 billion. Even better, Micron's forecast for Q4 EPS of $2.50 (+/- 15 cents) was well above expectations of $2.02. Bottom Line There was a lot to like about Micron's strong Q3 results, and there could very well be more upside for MU shares, which are up nearly +50% this year. However, following such an extensive year-to-date rally, Micron stock currently lands a Zacks Rank #3 (Hold). To that point, more upside will largely depend on what will hopefully be a positive trend of earnings estimate revisions (EPS) in the coming weeks, given Micron's AI growth and reassuring guidance. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis Report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report
Globe and Mail
37 minutes ago
- Globe and Mail
QuantumScape Stock Is Skyrocketing: Too Late to Buy?
In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down why QuantumScape (NYSE: QS) stock is skyrocketing and whether investors should still think about investing in the company now. *Stock prices used were from the afternoon of June 25, 2025. The video was published on June 26, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Should you invest $1,000 in QuantumScape right now? Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn't one of them. 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 $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor 's total average return is818% — a market-crushing outperformance compared to175%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 June 23, 2025 Jason Hall has positions in QuantumScape and has the following options: long January 2026 $7 calls on QuantumScape and short January 2027 $5 puts on QuantumScape. Jeff Santoro has no position in any of the stocks mentioned. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Winnipeg Free Press
42 minutes ago
- Winnipeg Free Press
Kentucky Senate hopeful Nate Morris pledges his loyalty to President Trump
LOUISVILLE, Ky. (AP) — Republican businessman Nate Morris entered Kentucky's competitive campaign Thursday to succeed longtime Senate power broker Mitch McConnell, branding himself as a political outsider and loyal supporter of President Donald Trump's MAGA movement. Morris joins U.S. Rep. Andy Barr and ex-state Attorney General Daniel Cameron as GOP heavyweights vying for their party's nomination next spring in the Republican-leaning Bluegrass State. He said his campaign would become a referendum on McConnell's Senate record, and he tried to link his two Republican rivals to the longtime senator, though Morris has his own past ties to McConnell. 'You have two McConnellites who owe everything to Mitch McConnell versus the outside business guy that's running as the MAGA candidate,' Morris said in a campaign release. 'I think that contrast is gonna be very, very striking to Kentuckians all over the state because they've had enough of Mitch.' Morris joins the Senate race with far less name recognition than his main rivals but has his own advantage — he can tap into personal wealth he accumulated as a tech entrepreneur to unleash an advertising blitz to make himself more of a household name in the coming months. He staked out a hard line on immigration in announcing his candidacy. He said he supports a moratorium on immigration into the United States until every immigrant currently in the country illegally is deported. The GOP contenders are following the same playbook — lavishing praise on Trump in hopes of landing the president's prized endorsement — seen as potentially decisive in determining who wins the primary. Morris hopes to connect with Kentuckians by touting his family's blue-collar roots, plus his staunch support for Trump in a state where Trump dominated the past three presidential elections. Morris — a ninth-generation Kentuckian with family ties to Appalachia — was raised in a union household by a single mother and attended public schools, his campaign bio said. Many of his relatives worked at an auto plant, including his grandfather, who headed the local auto union, it said. 'I have been able to live the American dream because of how great this country is,' Morris said. Morris founded Rubicon, one of the country's largest waste and recycling companies. Starting with a $10,000 line of credit, Morris served as CEO for more than 12 years, growing the company to nearly $700 million in annual revenue while creating hundreds of jobs, the bio said. The company later ran into financial difficulties, which could provide fodder for Morris' rivals. Barr's campaign immediately went on the attack, questioning Morris' authenticity by pointing to a campaign donation it says Morris gave to Nikki Haley, a Trump campaign rival in 2024. And Barr's team claimed Morris championed diversity initiatives as a businessman, contrary to Trump's policies. 'Nate Morris is pretending to be MAGA now, but he can't run from all the liberal trash in his past,' Barr's campaign said Thursday in a statement. 'Kentucky conservatives won't fall for this fraud.' The wide-open race was set in motion when McConnell — the longest-serving Senate party leader in U.S. history — announced in February, on his 83rd birthday, that he wouldn't seek reelection in 2026 and will retire when his current term ends. His departure will end an era in Bluegrass State politics. Through the decades, McConnell ensured that his home state received plenty of federal funding. Back home, he was a key architect in his party's rise to power in a state once dominated by Democrats. But McConnell has drawn criticism from fellow Republicans wanting to succeed him as they jockey for support from Trump and his supporters. Morris' attacks on McConnell were by far the most caustic, blasting the senator earlier this year for opposing a handful of Trump's nominations. All three leading GOP contenders, however, have ties to the venerable Kentuckian. Cameron is a former McConnell aide and the senator helped launch Cameron's political career. Barr has referred to the senator as a mentor and Morris worked as an intern in McConnell's office. The state's two Democrats holding statewide office — Gov. Andy Beshear and Lt. Gov. Jacqueline Coleman — have both said they will not enter the Senate race. Beshear is seen as a potential presidential candidate in 2028, while Coleman is viewed by many as a looming candidate for governor in 2027. A top legislative Democrat, state House Minority Floor Leader Pamela Stevenson, is seeking the Senate seat. Kentucky hasn't elected a Democrat to the Senate since Wendell Ford in 1992. ___
