Latest news with #Fundstrat
Yahoo
15 hours ago
- Business
- Yahoo
Why Tom Lee says the odds favor a stock-market rally after the Fed decision
Happy Fed Day to all who observe, and at least one widely followed analyst says there's potential for market fireworks despite the 98.8% probability (according to futures markets) the central bank won't move interest rates. That analyst is none other than Tom Lee, the head of research at Fundstrat Global Advisors, whose enthusiasm for stocks generally extends to any day ending with the letter 'Y.' 'I'm at my wit's end': My niece paid off her husband's credit card but fell behind on her taxes. How can I help her? 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. I'm 51, earn $129K and have $165K in my 401(k). Can I afford to retire when my husband, 59, draws Social Security at 62? Why Tom Lee says the odds favor a stock-market rally after the Fed decision Lee, like most everyone, isn't expecting the Fed to cut interest rates later on Wednesday. But he does make a notable case for why the market may react positively. 'We believe the Fed will acknowledge that inflation is undershooting their expectations. Recall the Fed has argued that tariff uncertainty causes them to be on hold. But incoming inflation has been soft,' says Lee. The consumer price index rose a scant 0.1% on a monthly basis in May. Import prices were flat. A real-time measure of import prices, updated through data last week, also has shown little pass through from tariffs to end prices. Market-based measures have fallen to the lowest level in a year, he adds. 'So we think Fed will have to acknowledge this. And we know there is a lot of partisan bias in the inflation consumer surveys,' says Lee. 'So markets likely realize Fed will have to relent eventually and return to a dovish bias.' Lee expects the stock market to return to all-tim highs (the S&P 500 was only 3% away anyway) — he said bitcoin is a leading indicator and the cryptocurrency achievved a record last week. He still has a 6,600 target for the S&P 500 by year end. Stock-market futures ES00 NQ00 were flipping between small gains and losses after an 0.8% retreat for the S&P 500 SPX on Tuesday. Oil CL00 edged higher. Key asset performance Last 5d 1m YTD 1y S&P 500 5982.72 -0.93% 0.71% 1.72% 9.03% Nasdaq Composite 19,521.09 -0.98% 1.98% 1.09% 9.29% 10-year Treasury 4.382 -4.50 -22.30 -19.40 15.50 Gold 3396.8 0.62% 2.42% 28.70% 44.90% Oil 72.63 6.34% 18.41% 1.06% -10.09% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. At pixel time, the U.S. military still has not joined Israel's fight with Iran, which continued into Wednesday. Iran's supreme leader said the country would not surrender, replying to U.S. President Donald Trump's demand on Tuesday. The Fed decision — and importantly, the dot plot of interest-rate projections — is coming at 2 p.m. Eastern, with Fed Chair Jerome Powell's press conference at 2:30 p.m. Morgan Stanley's economists say they still expecting the dot plot to forecast two rate cuts this year. Weekly jobless claims dipped by 5,000 to 245,000, while housing starts tumbled 9.8% in May to an annual rate of 1.26 million. The Senate passed the stablecoin bill, which creates a regulatory framework for cryptocurrency tokens, and now goes to the House. Goldman ditches ban on SPACs as blank-check firms stage comeback. Jamie Dimon wants workers in the office. So why is he letting JPMorgan's European chief work remotely? The bigger picture from Bulgaria joining the euro Data on the U.S. economy is clearly deteriorating, says Neil Dutta, head of economic research at Renaissance Macro. This chart plots the decline in building material sales, which at a seasonally adjusted annual rate have tumbled 7.7% over the last six months. 'Recall that building material store sales represent an intermediate product that ultimately affects residential investment,' he says. Besides the retail sales report, Dutta also noted the New York Fed's service sector index points on ongoing contraction, industrial production fell for the second time in three months and home builder confidence fell to the lowest level since 2022. Here were the top stock-market tickers on MarketWatch as of 6 a.m. Eastern. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies AMD Advanced Micro Devices AAPL Apple TSM Taiwan Semiconductor Manufacturing AMZN MLGO MicroAlgo CRCL Circle Internet Group An Italian museum had a crystal-covered chair on display, and the inevitable happened. An 80-year old man tried driving down the famous Spanish Steps in Rome, and it didn't go well. This elderly dog, however, had more success taking on a wild bear. For more market updates plus actionable trade ideas for stocks, options and crypto, . I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? 20 companies in the S&P 500 whose investors have gained the greatest rewards from stock buybacks Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC 'I'm 68 and my 401(k) has dwindled to $82,000': My husband committed financial infidelity and has $50,000 in credit-card debt. What now? 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell?
Yahoo
2 days ago
- Business
- Yahoo
Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally
Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally originally appeared on TheStreet. It's been a rocky June for the most popular publicly-traded Ethereum treasury company — but this week is looking up. Shares in Sharplink Gaming surged 45% on Monday. On Friday, we flagged the love that the stock received in a new note issued by Fundstrat — noting that the premium to the ETH the company holds had fallen to just 1.6x its net-asset value. That compares favorably to the 1.9x premium that Saylor's Bitcoin-levered company Strategy trades at. 'We believe [$SBET] offers intriguing upside at these prices,' wrote Fundstrat's Sean Farrell. The 45% pop since the note came out seems to be proving that analysis correct. But if you believe ETH is just getting started, Sharplink looks like it still has room to run. Interestingly, the ETH-BTC chart shows ETH has continued to defying its downtrend. Perhaps the break higher is really here. Still, Sharplink has been a volatile play as the market figures out how to price the company now being led by Ethereum co-founder Joe Lubin. Shares rocketed 2,000% higher to close out May when the marketing partner to sportsbooks and online casino gaming operators announced a $425 private investment round led by Lubin's ConsenSys. Prominent crypto investors including Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital participated as well. Last week, shares got hammered and fell 70% after the company filed to register PIPE shares and pre-funded warrants with the SEC, enabling resale by investors. As Fundstrat noted, "registration of PIPE shares simply allows investors to sell but is not an indication of an intention to sell." Lubin also took to X last week to assuage investor fears, saying "Some are misinterpreting SBET's S-3 filing..." In a follow up tweet that referenced Coinage's reporting, Lubin noted that institutional investors will come to appreciate what Ethereum offers with DeFi. "Wall Street will care about consistent 'number go up' in instruments they can access, analyze and invest in. They will be motivated to deep dive and learn what's up with these strategies," he said. "They will have to deeply understand the details of Bitcoin and Ethereum and the strategies of MSTR and SBET. They will have do go deep on DeFi on Ethereum." Ethereum Treasury Company SharpLink Gaming Surges 45% as ETH Leads Rally first appeared on TheStreet on Jun 18, 2025 This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared. 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
Associated Press
4 days ago
- Business
- Associated Press
PAIRMiner Reports Surge in User Growth and Platform Activity Amid Bitcoin Market Rally
LOS ANGELES, June 15, 2025 (GLOBE NEWSWIRE) -- Cloud mining service provider PAIRMiner today announced a notable increase in platform engagement and new user registrations, aligning with the continued growth of the global cryptocurrency market. The update comes as Bitcoin prices surge above $106000, prompting renewed interest in mining and digital asset accumulation from both retail and institutional audiences. Industry analysts from firms such as Galaxy Digital and Fundstrat have recently raised their 2025 Bitcoin forecasts to as high as $150,000, citing constrained supply, ETF inflows, and rising institutional interest. PAIRMiner reports that interest in cloud mining has grown in tandem, especially from users seeking low-barrier entry points to participate in blockchain-based income streams. 'As market activity increases, users are looking for ways to engage with crypto that are secure, simple, and don't require major technical expertise,' said a spokesperson for PAIRMiner. 'We're proud to offer a platform that supports this transition, helping users get started with mining through an intuitive interface and flexible contract options.' PAIRMiner's platform allows users to mine Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) without owning physical hardware. New users who register at currently receive $150 in cloud computing power as part of an ongoing incentive program. The platform's built-in AI optimization tool assists in resource allocation to maximize mining efficiency. Getting Started with PAIRMiner: Examples of potential earnings based on contract price and duration. Platform Highlights: PAIRMiner emphasizes ease of use for newcomers while providing contract scalability for experienced miners. With a growing global user base and continued updates to its backend systems, the platform is positioning itself to meet demand in what could be one of the strongest bull markets in recent years. About PAIRMiner Founded in 2018, PAIRMiner is a global cloud mining platform offering secure, hardware-free mining services for Bitcoin and other digital assets. With regulatory oversight and a focus on accessibility, PAIRMiner is committed to making crypto mining achievable for users at all levels. Media Contact: Heindrova PAIRMiner [email protected] A photo accompanying this announcement is available at
Yahoo
12-06-2025
- Business
- Yahoo
Will the Stock Market Keep Soaring in 2025? Wall Street Analysts Are Changing Their Forecasts.
The S&P 500 whipsawed from a sharp decline to a rapid rebound in recent months as the economy has remained resilient in the face of tariffs. Wall Street has become incrementally more optimistic about U.S. stocks, and many analysts have raised their year-end forecasts for the S&P 500. Tariffs still represent a threat to stocks as many economists expect recent changes to U.S. trade policy will raise prices and slow economic growth. 10 stocks we like better than S&P 500 Index › The S&P 500 (SNPINDEX: ^GSPC), a benchmark for the broader U.S. stock market, has had one of the most volatile years on record. The index lost more than $6 trillion during the two-day trading period after President Donald Trump announced his "Liberation Day" tariffs as the CBOE Volatility Index (VOLATILITYINDICES: ^VIX) notched its third-largest weekly spike in history. The S&P 500 hit bottom on April 8, closing 19% below the record high it reached less than two months earlier. But the index promptly rebounded when President Trump put a 90-day pause on the reciprocal tariffs he had outlined days earlier, and the index continued to soar as trade tensions with China de-escalated. The S&P 500 soared 6.1% in May, its best performance during the month since advancing 9.2% in May 1990. The index has almost regained its record high and has advanced nearly 3% year to date. That tremendous rally was fueled by the resilient economy and strong corporate financial results. Consequently, many Wall Street analysts have upwardly revised their year-end forecasts for the S&P 500. Here's what investors should know. Analysts have become incrementally more upbeat about U.S. stocks as the recent rally has unfolded. Several have even raised their forecasts concerning the S&P 500. The chart below shows where 17 Wall Street investment banks and research firms think the index will finish the year. It also shows the S&P 500's implied upside (and downside), compared to its current level of 6,040. Wall Street Firm S&P 500 Year-End Target 2025 Implied Upside (Downside) Wells Fargo 7,007 16% Fundstrat 6,600 9% Deutsche Bank 6,550 8% Morgan Stanley 6,500 8% Yardeni Research 6,500 8% UBS 6,400 6% Citigroup 6,300 4% BMO Capital 6,100 1% Goldman Sachs 6,100 1% Barclays 6,050 0% JPMorgan 6,000 (1%) Oppenheimer 5,950 (1%) RBC Capital 5,730 (5%) Bank of America 5,600 (7%) Evercore 5,600 (7%) HSBC 5,600 (7%) Stifel 5,500 (9%) Median 6,100 1% Data source: Yahoo Finance. Year-end targets and implied upside (downside) shown are current as of June 10. The S&P 500 currently has a median year-end target of 6,100 among 17 Wall Street investment banks and research organizations. That implies 1% upside from its current level of 6,040 in the remaining months of 2025. The current consensus reflects an upward revision from May, when the median forecast was 5,900. Goldman Sachs was one of several institutions that recently revised its year-end targets higher. Strategist David Kostin wrote, "We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than was previously expected." Global investors cut their exposure to U.S. stocks by a record amount over the two-month period that ended April 15 as President Trump announced sweeping tariffs, according to Bank of America. The same survey also showed fund managers planned to cut their exposure even further, but that left them on the wrong side of the rally. The rapid rebound in the S&P 500 essentially forced fund managers to allocate more money to U.S. stocks or run the risk of severe underperformance. That trend is ongoing and may continue to push domestic equities higher in the coming weeks. However, investors shouldn't be lulled into a false sense of security. Very real headwinds threaten the U.S. economy. President Trump has effected the most aggressive tariff hike in history. The average tax on U.S. imports in a matter of weeks increased at least 10 percentage points (some analysts estimate 13 percentage points). The last comparable increase occurred in the early 1900s, but tariffs in that situation were imposed over several years and were still followed by a series of recessions. The U.S. economy has so far been resilient despite sweeping changes to U.S. trade policy made by the Trump administration. However, economists still expect tariffs to raise prices and slow economic growth. The International Monetary Fund expects U.S. gross domestic product (GDP) to increase 1.8% this year. That's slower than 2.8% last year and represents a severe downward revision from the pre-tariff projection that called for 2.7% growth. Suffice it to say, the current market environment is uncertain. Investors are on edge as they await negative news about tariffs, yet many continue to put money into stocks for fear of missing the current rally. Keeping a level head is particularly important right now. It never makes sense to pass on the opportunity to buy a high-quality stock at a reasonable price, but chasing stocks that are clearly overvalued is a recipe for disaster. Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and S&P 500 Index 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 $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, Goldman Sachs Group, and JPMorgan Chase. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. Will the Stock Market Keep Soaring in 2025? Wall Street Analysts Are Changing Their Forecasts. was originally published by The Motley Fool 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
12-06-2025
- Business
- Yahoo
Tom Lee Mulls Roughed-Up Semler Scientific for 'Granny Shot' Portfolio
The recent wave of companies adding bitcoin to their balance sheets has not yielded universally positive results. Semler Scientific (SMLR), a medical technology firm that pivoted into bitcoin treasury strategy, has seen its stock fall over nearly 50% in 2025 to nearly the level it was at a bit more than one year ago when it first began to accumulate BTC. The company's premium to its net asset value (NAV), often referred to as multiple-to-NAV (mNAV), has dropped below 1x. On a basic share count basis, its market cap sits at approximately $420 million compared to bitcoin holdings valued around $491 million (4,449 BTC), putting its NAV ratio at just 0.859x, according to Strategy-Tracker. The mNAV being below 1.0 is crucial as Semler's main mechanism for accumulating bitcoin is to raise capital via share sales. However, for the share sale strategy to be accretive to shareholders, the stock must trade at a premium to the value of the company's bitcoin holdings. With the share price at or below NAV, issuing new shares would dilute existing shareholders without adding proportional value, effectively halting the company's ability to pursue further bitcoin accumulation under the current strategy. Bitcoin bull Tom Lee, Head of Research at Fundstrat, however, views Semler Scientific as an opportunity in his firm's "Granny shot" research portfolio. Granny shot refers to an unconventional way of shooting free throws in basketball and Fundstrat's Granny Shot (GRNY) portfolio is meant to emphasize the firm's unusual approach to research.
