Trump Media, Strategy will be added to Bitcoin Holdings
12 minutes ago
The Trump Media & Technology Group (DJT) has collected about $2 billion in Bitcoin and Bitcoin-related securities as founder President Donald Trump works to restructure American crypto policies.
True social parents said they plan to continue purchasing Bitcoin and allocated $300 million to their options acquisition strategy for Bitcoin-related securities. The company’s Bitcoin-related holdings account for about two-thirds of its $3 billion liquid assets.
Trump Media has also submitted in recent weeks to launch a trio of crypto exchange sales funds investing in Bitcoin and other digital assets. The ETF is expected to be released later this year in a partnership with Crypto.com.
Meanwhile, former MicroStrategy Strategy (MSTR), bought 6,220 Bitcoin in its latest Crypto purchase last week, according to regulatory filings. The company’s holdings rose to a whopping 607,770 Bitcoin, worth $723.2 billion at Bitcoin’s current price.
As Bitcoin prices rose from the second half level on Friday, Trump Media and Strategic stocks rose 5% and 2.5% respectively.
– Andrew Kessel
Salepta falls as the company rejects FDA calls and withdraws drugs
1 hour 41 minutes ago
Sarepta Therapeutics (SRPT) stock continued to slide on Monday after the biopharmaceutical company refused the Food and Drug Administration (FDA) to stop the distribution of Elevidys treatments for muscle dystrophy.
The FDA asked for a halt after suffering muscular dystrophy after receiving similar gene therapy for elevediosis in a phase 1 study in which a third patient died from drug-related liver failure. News of the patient’s death sent out a slump in Salepta’s stock on Friday.
Elevidys is already approved to treat both outpatient and non-family patients with Duchenne muscular dystrophy. Sarepta voluntarily stopped cargo from non-mediated patients last month after his second death during the study to measure the effectiveness of the drug against local limb muscular dystrophy. The company noted that the third patient who died suffered from non-ascites muscular dystrophy.
However, Salepta said that a comprehensive scientific interpretation of the data will “continue to ship Elebady to paramedics to indicate that there are no new or altered safety signals to the emergency patient population.”
“We are looking to continue sharing information discussions and sharing with the FDA to promote a common purpose: protecting patient safety and protecting informed access to care,” Salepta said.
Salepta’s shares fell approximately 4% in recent trading. They lost almost 90% of their value from the beginning of the year.
– Bill McCall
Customs Taxes take a sip from the revenue of the star
2 hours and 5 minutes ago
Stellantis (STLA) lost to a net loss early in the year as Big 3 automakers suffered tariffs, restructuring costs and poor sales.
In preliminary results released Monday, owners of brands, including Jeep and Chrysler, reported a net loss of 2.3 billion euros ($2.7 billion) in the first half, compared to net profit of 5.6 billion euros in the same period last year. Earlier revenues of 74.3 billion euros fell from 85 billion euros the previous year.
Stellantis said it had booked a net cost of 300 million euros ($349 million) from the “initial impact of US tariffs,” including planned production losses. The automaker said it would suspend its full-year outlook in April, pointing out “custom-related uncertainty.”
In the second quarter, Stellantis said North American cargo had declined 25% year-on-year to around 109,000 units, with total sales down 10% year-on-year. Retail sales in the US were “relatively flat,” with sales increasing by 13% due to Jeep and RAM sales.
Eva Marie Uzcategui / Bloomberg / Getty Images
The preliminary result is the first under new CEO Antonio Filosa, replacing Carlos Tavares, who suddenly left last December. The company said it would post the final results for the first half of July 29th on schedule.
“It’s likely that Stellantis’ 2025 free cash flow will remain in negative territory,” UBS analysts said Monday morning.
Stellantis shares rose nearly 2% in early afternoon trading. Stocks have fallen almost 30% this year so far on Monday.
– Nisha Gopalan
Top estimates for sales at the same Domino store
3 hours 13 minutes ago
Domino’s Pizza (DPZ) shares moved higher on Monday morning after the pizza chain reported higher sales growth rates for the same-storey than expected in the second quarter.
After rising more than 6% early in the session, the stock has recently risen 0.5%. Domino’s shares have risen about 11% since the beginning of the year.
Domino’s said sales in the same store increased by 3.4% year-on-year in the US and 2.4% in international operations, both of which state that Overver Analyst forecasts are being compiled in visible alpha.
Pizza maker’s second quarter revenue coincided with an estimate of $1.15 billion, up 4% from the same time a year ago, but earnings per share fell 5.5% to $3.81.
“Our business is well positioned with best-in-class unit economics, the largest advertising budget, a robust supply chain and what appears to be an unprecedentedly larger rewards program,” Domino CEO Russell Weiner said in a press release Monday.
He also said Dominoes announced their partnership with DASH earlier this year, so that Domino is “fully deployed to the two biggest aggregators.”
Although profits were above estimates, Domino’s first quarter report in April disappointed the revenue growth of stores as well as revenue as revenue, as CEOs pointed out a “challenging global macroeconomic environment.”
-Aaron McDade
Verizon rose with strong revenues, boosting the outlook
3 hours 25 minutes ago
Verizon (VZ) shares surged Monday after quarterly revenue from the telecom giant surpassed analyst estimates, with the company lifting the bottom edge of its full-year outlook.
Verizon reported that earnings per share for the second quarter, up 5.2% year-on-year, up from $1.22 per share, up to $34.5 billion, surpassing analyst forecasts compiled by visible Alpha.
Cell services and internet providers have said that the adjusted EPS is expected to grow by 1%-3% in 2025, previously lifting the bottom edge of the range from flat.
Verizon said it added 293,000 broadband internet subscribers to the quarter, which 224,100 analysts had expected. Meanwhile, Verizon has lost around 51,000 wireless retail postpaid phone subscribers. Compared to the decline a year ago, we added 50,000 wireless retail Co-App-Paid customers.
Verizon has a busy week for revenue in the industry, with rivals AT&T(T) and T-Mobile(TMUS) scheduled to post second quarter results on Wednesday.
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Verizon’s stock has grown more than 4% in recent trading and was a major winner of Dow Jones Industrial Average.
-Aaron McDade
Intel Level ahead of this week’s revenue
4 hours 52 minutes ago
Intel (INTC) Intel shares will be in the spotlight this week as they plan to publish their second quarter results on Thursday.
Investors are looking for updates to the company’s casting business after reports surfaced earlier this month that recently installed Lip-Bu Tan is considering changes in the company’s contract chip making business. Reports suggest that possible changes could lead Intel to amortize chipmaking technology worth hundreds of millions or billions of dollars as a loss.
Entering Monday, Intel shares have risen 20% from last month’s low and 15% since the start of the year, boosting them in the hopes that after months of trading speculation and strategic restructuring, chipmakers can navigate successful turnarounds under Tan’s leadership.
After attracting interest buying around the floors of a few months’ trading range, Intel’s stock has been higher within the rising channel. Recently, stocks have been backing back towards a low trend line of patterns regarding declines in trading volumes, showing uncertainty ahead of the highly anticipated revenue report.
However, in the Bulls’ victory, the relative strength index remains above the neutral territory, showing positive price momentum.
Investors should watch key support levels on Intel’s charts around $22 and $19, as well as resistance levels of $26 and $30.
In early trading on Monday, the stock price rose nearly $23.50.
Read the complete technical analysis piece here.
– Timothy Smith
Stock index futures are slightly higher
6 minutes 1 minute ago
Futures related to three major US stock indices rose 0.2% each in recent trading.
Dow Jones Industrial Average Futures
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