Latest news with #SNX
Yahoo
26-05-2025
- Business
- Yahoo
1 Profitable Stock on Our Watchlist and 2 to Ignore
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a business is in the green today doesn't mean it will thrive tomorrow. Profits are valuable, but they're not everything. At StockStory, we help you identify the companies that have real staying power. Keeping that in mind, here is one profitable company that generates reliable profits without sacrificing growth and two best left off your watchlist. Trailing 12-Month GAAP Operating Margin: 2.8% Credited with introducing the first automatic washing machine, Whirlpool (NYSE:WHR) is a manufacturer of a variety of home appliances. Why Do We Avoid WHR? Underwhelming unit sales over the past two years indicate demand is soft and that the company may need to revise its strategy Diminishing returns on capital from an already low starting point show that neither management's prior nor current bets are going as planned 9× net-debt-to-EBITDA ratio makes lenders less willing to extend additional capital, potentially necessitating dilutive equity offerings Whirlpool's stock price of $77 implies a valuation ratio of 8.3x forward P/E. Check out our free in-depth research report to learn more about why WHR doesn't pass our bar. Trailing 12-Month GAAP Operating Margin: 2% Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. Why Are We Wary of SNX? Sales tumbled by 2.4% annually over the last two years, showing market trends are working against its favor during this cycle Earnings per share fell by 3.4% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable 8.1 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $121.43 per share, TD SYNNEX trades at 9.1x forward P/E. To fully understand why you should be careful with SNX, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 14.7% With roots dating back to 1869 and a focus on creating cleaner industrial operations, CECO Environmental (NASDAQ:CECO) provides technology and expertise that helps industrial companies reduce emissions, treat water, and improve energy efficiency across various sectors. Why Could CECO Be a Winner? Impressive 17.2% annual revenue growth over the last two years indicates it's winning market share this cycle Projected revenue growth of 22.6% for the next 12 months is above its two-year trend, pointing to accelerating demand Adjusted operating margin expanded by 10.8 percentage points over the last five years as it scaled and became more efficient CECO Environmental is trading at $27.31 per share, or 21.2x forward P/E. Is now the right time to buy? See for yourself in our in-depth research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Synthetix Considers Purchase of Options Platform Derive in $27M Token-Swap Deal
Ethereum-based derivatives powerhouse Synthetix is considering buying options trading platform Derive in an token-for-token deal valued at $27 million that would see the project absorbed back into the protocol that gave it birth. The proposal, SIP-415 on Synthetix and DIP on Derive, needs to be approved by both communities and would see Derive's treasury, codebase and operational stack incorporated into Synthetix. The deal marks a rare instance of a token swap-based acquisition in decentralized finance (DeFi), and is being pitched as part of Synthetix's growing ecosystem. Derive (DRV) token holders would receive 27 newly issued SNX tokens for each DRV they own. The tokens are subject to a three-month lockup and nine-month linear vesting schedule. Synthetix would mint up to 29.3 million SNX, amounting to roughly 8.6% inflation of its current token supply. Derive, originally Lyra, went live in 2021 and was spun out from Synthetix. It has previously moved away from the protocol, ending support for Synthetix's sUSD stablecoin, switching to GMX for liquidity, and launching its own perpetual futures product. Early responses from the Derive community showed dissatisfaction with the idea. 'I don´t see any benefit for Derive on it,' one commenter said. 'In the other hand (sic), it all looks great and advantageous for Synthetix.' Another user took aim at the proposed valuations. 'That exchange rate is a poor reflection of the value of derive as a platform,' commenter 'Ramjo' said. 'And then have the nerve to put a long vesting period on it AS WELL.' DRV prices are down 20% in the past 24 hours, data on CoinGecko shows, while SNX is up 7%.
Business Insider
03-05-2025
- Business
- Business Insider
RBC Capital Sticks to Their Buy Rating for TD SYNNEX Corporation (SNX)
RBC Capital analyst David Paige maintained a Buy rating on TD SYNNEX Corporation (SNX – Research Report) on May 1 and set a price target of $145.00. The company's shares closed yesterday at $114.44. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Paige is an analyst with an average return of -17.3% and a 20.00% success rate. Currently, the analyst consensus on TD SYNNEX Corporation is a Moderate Buy with an average price target of $135.00. The company has a one-year high of $145.10 and a one-year low of $92.23. Currently, TD SYNNEX Corporation has an average volume of 961K. Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNX in relation to earlier this year. Earlier this month, Miriam Anne Murphy, the President of SNX sold 3,000.00 shares for a total of $330,000.00.
Yahoo
29-04-2025
- Business
- Yahoo
1 Volatile Stock That Stand Out and 2 to Brush Off
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains. This unpredictability can shake out even the most experienced investors. At StockStory, our job is to help you avoid costly mistakes and stay on the right side of the trade. That said, here is one volatile stock with massive upside potential and two best left to the gamblers. Rolling One-Year Beta: 2.88 With a global footprint spanning three continents and approximately 81,000 beds across 100 facilities, GEO Group (NYSE:GEO) operates secure facilities, processing centers, and reentry services for government agencies in the United States, Australia, and South Africa. Why Do We Think GEO Will Underperform? Flat sales over the last five years suggest it must find different ways to grow during this cycle Earnings per share have dipped by 14.3% annually over the past four years, which is concerning because stock prices follow EPS over the long term 7.4 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $30.34 per share, GEO Group trades at 15.9x forward price-to-earnings. Check out our free in-depth research report to learn more about why GEO doesn't pass our bar. Rolling One-Year Beta: 1.28 Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE:SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions. Why Does SNX Give Us Pause? Annual sales declines of 2.4% for the past two years show its products and services struggled to connect with the market during this cycle Incremental sales over the last five years were less profitable as its earnings per share were flat while its revenue grew 8.1 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position TD SYNNEX's stock price of $110.80 implies a valuation ratio of 8.3x forward price-to-earnings. To fully understand why you should be careful with SNX, check out our full research report (it's free). Rolling One-Year Beta: 1.61 Born from the 2020 merger of Rubicon Project and Telaria, Magnite (NASDAQ:MGNI) operates the world's largest independent sell-side advertising platform that automates the buying and selling of digital advertising inventory across all channels and formats. Why Are We Bullish on MGNI? Annual revenue growth of 33.7% over the past five years was outstanding, reflecting market share gains this cycle Additional sales over the last five years increased its profitability as the 77.3% annual growth in its earnings per share outpaced its revenue Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends, and its recently improved profitability means it has even more resources to invest or distribute Magnite is trading at $12.35 per share, or 13.2x forward price-to-earnings. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Axon (+711% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
11-04-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Defies Peak Fear as U.S. Dollar Plunges Over Trump's China Trade War
By Francisco Rodrigues (All times ET unless indicated otherwise) As the trade war between the U.S. and China escalates, with the latter raising tariffs on the former from 84% to 125% this morning, bitcoin (BTC) and the wider cryptocurrency market appear relatively unfazed. Bitcoin is down a mere 0.15% over the last 24 hours, and China's recent escalation hasn't stopped its ongoing recovery. The cryptocurrency is now trading above $82,000. The wider crypto market, measured by the CoinDesk 20 (CD20) index, is stable with similar performance. The same can't be said about other assets. Gold rose to a new $3,227.5 record making Tether's XAUT — a gold-backed cryptocurrency — the top-performing digital asset. Meanwhile, the U.S. Dollar Index (DXY) dropped below 100 after enduring its biggest drop since 2022. At the same time, the yield on 10-year Treasuries kept rising to now stand near 4.4%. 'The question of a potential dollar confidence crisis has now been definitively answered — we are experiencing one in full force,' ING strategists, including Francesco Pesole wrote in a note reported on by The Telegraph. Inflation in the U.S. actually declined at the headline level last month, which could prompt the Federal Reserve to resume cutting rates at its next meeting. Still, the market may have interpreted the lower figures as potentially waning demand, deepening the crisis. That 'confidence crisis' is seemingly seeing every asset gain against the dollar, except crypto. Bitcoin investors realized losses of up to $250 million over 6-hour windows during the recent drop, according to Glassnode, which points out that 'realized losses are shrinking - suggesting early signs of seller exhaustion.' Stay alert! Crypto: April 11, 1 p.m.: U.S. SEC Crypto Task Force Roundtable on "Tailoring Regulation for Crypto Trading" in Washington. April 17: EigenLayer (EIGEN) activates slashing on Ethereum mainnet, enforcing penalties for operator misconduct. Macro April 11, 8:30 a.m.: The U.S. Bureau of Labor Statistics (BLS) releases March producer price inflation data. Core PPI MoM Est. 0.3% vs. Prev. -0.1% Core PPI YoY Est. 3.6% vs. Prev. 3.4% PPI MoM Est. 0.2% vs. Prev. 0% PPI YoY Est. 3.3% vs. Prev. 3.2% April 11, 12:01 p.m.: China's tariff on imported goods originating from the U.S. will increase from 84% to 125%. April 14: Salvadoran President Nayib Bukele will join U.S. President Donald Trump at the White House for an official working visit. Earnings (Estimates based on FactSet data) April 22: Tesla (TSLA), post-market April 30: Robinhood Markets (HOOD), post-market Governance votes & calls Spartan Council is voting on increasing the liquidation ratio for SNX solo stakers, with an initial increase to 250% on April 11, to 500% on April 18, and 'high enough to deprecate solo SNX staking' on April 21. Voting ends on April 19. Lido DAO is discussing onboarding credit delegation protocol Twyne into the Lido Alliance. Twyne aims to expand stETH's use cases, while it's requesting strategic endorsement, promotional support and technical guidance from Lido. GMX DAO is discussing the deployment of GMX V2 Botanix's Spiderchain, which it describes as being 'positioned as the first bitcoin Layer 2 designed to unlock bitcoin DeFi.' April 11, 9 a.m.: Lombard is holding an X Spaces session on Institutional Bitcoin Staking Partnership. April 11, 12 p.m.: Avalanche to hold a call on Revolutionizing Blockchain Privacy with Encrypted Tokens. April 11, 3 p.m.: Zcash to host a town hall on lockbox distribution & governance. April 14, 10 a.m.: Stacks to host a livestream with recent announcements from the project. Unlocks April 12: Aptos (APT) to unlock 1.87% of its circulating supply worth $53.83 million. April 12: Axie Infinity (AXS) to unlock 5.68% of its circulating supply worth $21.82 million. April 15: Starknet (STRK) to unlock 4.37% of its circulating supply worth $16.69 million. April 16: Arbitrum (ARB) to unlock 2.01% of its circulating supply worth $27.12 million. April 18: Official Trump (TRUMP) to unlock 20.25% of its circulating supply worth $326.78 million. April 18: Fasttoken (FTN) to unlock 4.65% of its circulating supply worth $80.6 million. Token Launches April 11: Tether Gold (XAUT) to be listed on Bybit. April 14: KernelDAO (KERNEL) to be listed on Binance, LBank, KuCoin, MEXC, and others. April 16: Badger (BADGER), Balacner (BAL), Beta Finance (BETA), Cortex (CTXC), Cream Finance (CREAM), Firo (FIRO), Kava Lend (KAVA), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend Finance (UFT), VIDT DAO (VIDT), and aelf (ELF) to be delisted from Binance. April 22: Hyperlane to airdrop its HYPER tokens. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 2 of 2: BITE-CON 2025 Conference (Miami) Day 2 of 2: 2025 Fintech and Financial Institutions Research Conference (Philadelphia) Day 1 of 2: Strategy's OPNEXT Conference (Tysons, Va.) April 12: Ethereum Argentina (Córdoba) April 12-13: DeSci London 2025 April 14: ETH Seoul 2025 Conference April 14: FinTech and InsurTech Digital Congress 2025 (Warsaw) April 14-16: Morocco WEB3FEST GITEX Edition (Marrakech) April 14-26: Solana Economic Zone (SEZ) Dubai 2025 April 15: Strategic Bitcoin Reserve Summit (online) April 15-16: BUIDL Asia 2025 (Seoul) April 15-16: World Financial Innovation Series 2025 (Hanoi, Vietnam) April 15-17: NexTech Week Tokyo By Shaurya Malwa and Oliver Knight A stablecoin (sUSD) tied to decentralized derivatives exchange Synthetix suffered a depeg on Friday, tumbling down to $0.86. The depeg stemmed from a governance proposal named SIP-420, which involved shifting Synthetix from individual staking to pooled staking. The proposal meant that 2.5 times more sUSD would be minted per staked synthetix (SNX) token, but it also meant that stakers had no incentive to buy sUSD as all debt sat on the staking pool as opposed to individual wallets. The Synthetix team said on Discord that it will "continue to increase incentives for Curve pools," and that "the sUSD peg is critical. "An MEV (Miner Extractable Value) bot named "Yoink" exploited weaknesses in Wayfinder's PROMPT token airdrop, using a front-running strategy (reordering transactions to jump ahead of legitimate claims) to steal approximately 119 ETH (or $200,000 at current prices) from Kaito users. Onchain data shows the bot swapped claimed tokens for ETH, draining funds until the airdrop was paused. Wayfinder, an AI blockchain project, launched the PROMPT token airdrop for users who staked PRIME (Echelon Prime's governance token) or earned 'Yaps' on Kaito, a platform that analyzes social media for crypto insights. The bot targeted Kaito 'Yappers' who completed social missions, with TokenTable halting claims to fix the issue and promising user compensation. MEV attacks, where malicious actors manipulate Ethereum transaction ordering for profit, are increasingly sophisticated with AI-driven bots like Yoink. TokenTable confirmed the smart contract's security, is addressing failed transactions, and will provide a detailed report once the claim process resumes. On most exchanges, notional open interest in BTC futures has increased more than the cryptocurrency's price in the past 24 hours, suggesting an influx of new money as the market looks to carve out a bottom. A similar pattern is seen in SOL and DOGE futures, while traders remain cautious in the ETH and XRP futures markets. Funding rates for the top 25 coins remain between 0% to 10%, suggesting cautiously bullish sentiment. BTC's options-based implied volatility term structure has normalized, while ETH's remains in backwardation, indicating fears of outsized price volatility in the short term. Flows have been mixed on Deribit, with call spreads booked in BTC and SOL put rolling via OTC platform Paradigm. BTC is unchanged from 4 p.m. ET Thursday at $82,013.36 (24hrs: +0.81%) ETH is up 1.9% at $1,559.54 (24hrs: +5.22%) CoinDesk 20 is up 3.43% at 2,379.04 (24hrs: +0.64%) Ether CESR Composite Staking Rate is up 17 bps at 3.4% BTC funding rate is at -0.0018% (-2.0049% annualized) on Binance DXY is down 1.1% at 99.75 Gold is up 2.51% at $3,234.50/oz Silver is up 1.79% at $31.22/oz Nikkei 225 closed -2.96% at 33,585.58 Hang Seng closed +1.13% at 20,914.69 FTSE is down 0.51% at 7,872.98 Euro Stoxx 50 is down 1.72% at 4,736.11 DJIA closed on Thursday -2.5% at 39,593.66 S&P 500 closed -3.46% at 5,268.05 Nasdaq closed -4.31% at 16,387.31 S&P/TSX Composite Index closed -3% at 23,014.90 S&P 40 Latin America closed -3.2% at 2,255.64 U.S. 10-year Treasury rate is down 4 bps at 4.4% E-mini S&P 500 futures are down 0.38% at 5,281.75 E-mini Nasdaq-100 futures are down 0.44% at 18,403.00 E-mini Dow Jones Industrial Average Index futures are down 0.4% at 39,637.00 BTC Dominance: 63.55 (0.50%) Ethereum to bitcoin ratio: 0.01898 (-0.78%) Hashrate (seven-day moving average): 901 EH/s Hashprice (spot): $42.4 Total Fees: 5.2 BTC / $424,070 CME Futures Open Interest: 129,830 BTC priced in gold: 25.5/oz BTC vs gold market cap: 7.24 BTC's 30-day momentum indicator, measuring the rate of change in prices over four weeks, has recently turned up, diverging from the weakness in prices. The indicator's divergence, coupled with Wednesday's bullish outside day candle, suggests the path of least resistance is to the higher side. A potential move past the descending trendline would open doors to resistance at $88,000 (the late March high), followed by $92,000, which acted as strong support early this year. Strategy (MSTR): closed on Thursday at $272.34 (-8.26%), up 4.48% at $284.54 in pre-market Coinbase Global (COIN): closed at $169.62 (-4.22%), up 2.46% at $173.80 Galaxy Digital Holdings (GLXY): closed at C$14.35 (-5.53%) MARA Holdings (MARA): closed at $11.74 (-4.63%), up 4.17% at $12.23 Riot Platforms (RIOT): closed at $6.79 (-7.99%), up 2.65% at $6.97 Core Scientific (CORZ): closed at $6.82 (-9.19%), up 2.79% at $7.01 CleanSpark (CLSK): closed at $7.13 (-6.55%), up 3.51% at $7.38 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.01 (-8.04%), up 4.08% at $12.50 Semler Scientific (SMLR): closed at $32.63 (-7.2%), up 4.17% at $33.99 Exodus Movement (EXOD): closed at $41.07 (-4.80%), down 0.41% at $40.90 Spot BTC ETFs: Daily net flow: -$149.5 million Cumulative net flows: $35.46 billion Total BTC holdings ~ 1.10 million Spot ETH ETFs Daily net flow: -$38.8 million Cumulative net flows: $2.32 billion Total ETH holdings ~ 3.37 million Source: Farside Investors As the U.S.-China trade war escalates, analysts anticipate that Beijing will devalue the yuan to counter Trump's tariffs, potentially leading to a capital flight into bitcoin. Options market, however, shows no signs of hedging downside risks in yuan in anticipation of a major devaluation. The 25-delta risk reversal for the USD/CNH was slightly above 1, representing a moderate bias for calls that would protect from yuan devaluation. Higher values were observed ahead of the previous yuan devaluation episodes of 2015 and 2016, according to The Brookings Institution's Senior Fellow Robin Brooks. S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor (CoinDesk): Since Trump's April 2 tariff announcement, S&P 500 volatility has surged from 50% to 169% annualized, the highest since the 2020 COVID crash, according to TradingView. Gold Rally Makes Tether's XAUT Top-Performing Digital Asset as Crypto Markets Remain Flat (CoinDesk): XAUT gained over 3% in 24 hours as crypto traders rotated into gold-backed tokens amid concerns over the U.S. budget deficit and unpredictable policy from the White House. Ripple and SEC File Joint Motion to Pause Appeals (CoinDesk): The two parties reached an agreement in principle to resolve all remaining issues, including appeals and claims involving Ripple founders Garlinghouse and Larsen, according to attorney James Filan. Bitcoin's Recent Drawdown Proves Its More Than Just a Leveraged Tech Play (CoinDesk): Bitcoin's three-month decline is milder than in 2021–22, signaling greater stability, and ranks mid-pack among tech peers, outperforming Tesla and NVIDIA and matching Apple, Meta and Amazon. Gold Bolts Past Key $3,200 Mark on Dollar Slide, Safe-Haven Flows (Reuters): Investor rotation out of U.S. stocks and Treasuries on tariff fears is pressuring the dollar and driving global demand for gold, according to Tastylive's head of global macro. BOJ's Retreat From Bond Buying Spurs Bid to Lure Foreigners (Bloomberg): Officials are pitching Japanese bonds abroad more aggressively as domestic demand wanes, stressing stronger yields, streamlined trading access, and a steady economic outlook to attract new buyers. China Unlikely To Aggressively Devalue Yuan to Offset Impact of U.S. Tariffs, Economists Say (CNBC): Analysts expect China to rely on stimulus and gradual yuan weakening to steady markets, warning that sharp moves risk triggering capital flight like in 2015 and broader financial instability. Sign in to access your portfolio
