Top Stock Movers – May 7, 2025

Top Stock Movers – May 7, 2025

Wednesday, May 7, 2025 / No Comments

 

U.S. equity markets were little changed at midday on Wednesday as investors awaited a key interest rate decision from the Federal Reserve. The Dow Jones Industrial Average edged higher, the Nasdaq dipped slightly, and the S&P 500 hovered near the flatline.

Charles River Laboratories (CRL) led gains on the S&P 500 after the biomedical company announced a board shakeup and launched a strategic review of its operations. The move follows mounting pressure from activist investor Elliott Investment Management.

The Walt Disney Co. (DIS) shares climbed after the media giant reported stronger-than-expected earnings. The company posted revenue growth across all divisions and added new subscribers to its streaming platforms.

Electronic Arts (EA) also delivered earnings that beat estimates, driven by robust demand for its sports game franchises, pushing shares higher.

Super Micro Computer (SMCI), however, fell sharply after the server manufacturer warned that economic uncertainty and renewed tariffs under the Trump administration would negatively impact near-term performance.

Marvell Technology (MRVL) shares dropped after the chipmaker postponed its investor day and lowered its revenue forecast, citing macroeconomic headwinds.

Arista Networks (ANET) also saw its stock decline, holding its full-year guidance steady due to ongoing tariff risks.

Bitcoin Daily Profits Hit $1B as Analysts Warn of Possible Market Peak

Bitcoin Daily Profits Hit $1B as Analysts Warn of Possible Market Peak

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Bitcoin (BTC) investors are realizing approximately $1 billion in profits per day, raising concerns among analysts that the current bull market may be entering its final phase.

According to a new report from on-chain analytics platform CryptoQuant, the recent surge in profit-taking activity mirrors patterns observed in past market cycles just before significant corrections.

BTC/USD climbed to nearly $98,000 earlier this week, marking its highest price level since late 2024. The rally has triggered a wave of profit realization, with traders capitalizing on gains after BTC’s recovery from the March April dip.

“Profit-taking remains aggressive,” said CryptoQuant contributor Kripto Mevsimi. “It’s not as intense as during the November-December 2024 highs, but it still indicates late-stage bull market behavior.”

Historical Parallels

CryptoQuant notes that the 7-day moving average of realized profits is now close to $1 billion  a level last seen in January. This figure, analysts say, closely resembles conditions seen in 2021 and late 2024, when elevated profit-taking was followed by local market tops or sharp downturns.

“In previous cycles, sustained high realized profits often preceded corrections,” the report stated.

Institutional Entry Fails to Shift Investor Mindset

Despite the influx of institutional capital via U.S. spot Bitcoin ETFs  including consistent inflows into BlackRock’s iShares Bitcoin Trust (IBIT) analysts say retail-style market behavior persists.

“The introduction of ETFs has reshaped market structure, but not investor psychology,” Mevsimi added.

Outlook Cautious

While Bitcoin continues to hover near all-time highs, CryptoQuant warns that the balance between bullish momentum and widespread profit-taking could tilt rapidly. The firm advises investors to monitor realized profit trends closely for signs of a potential reversal.

Florida Drops Bitcoin Reserve Bills Amid Legislative Session Wrap-Up

Florida Drops Bitcoin Reserve Bills Amid Legislative Session Wrap-Up

Tuesday, May 6, 2025 / No Comments

 

Two bills that could have positioned Florida among the pioneering U.S. states investing in Bitcoin have been officially shelved. House Bill 487 and Senate Bill 550, both introduced earlier this year to create a state-run strategic Bitcoin reserve, were "indefinitely postponed and withdrawn from consideration," according to a Florida Senate update on May 3.

The state’s legislative session closed on May 2 without approving the crypto bills, despite lawmakers extending proceedings until June 6 to finalize budget discussions. While the session saw the passage of more than 200 laws ranging from environmental protection to digital restrictions in schools, crypto treasury diversification did not make the cut.

HB 487 and SB 550 sought to authorize Florida’s chief financial officer and the State Board of Administration to allocate up to 10% of certain state funds into Bitcoin (BTC). With their dismissal, Florida joins a growing list of states including Wyoming, Montana, Pennsylvania and Oklahoma where similar crypto reserve proposals have failed to gain traction.

The withdrawal comes shortly after Arizona’s own Bitcoin reserve push stumbled, with Governor Katie Hobbs vetoing House Bill 1025, citing concerns about the risks of investing in digital assets. Still, Arizona’s legislative push isn't over. Two additional bills, HB 2749 and SB 1373, remain under consideration and could revive the effort.

Crypto advocates, including Satoshi Action Fund founder Dennis Porter, are closely watching Arizona’s next moves. "Arizona has two more chances to be the first in the nation to establish a Bitcoin reserve," Porter noted, pointing to HB 2749’s budget-neutral framework using profits from the state’s unclaimed property fund.

The broader national effort to introduce Bitcoin into state treasuries remains largely symbolic at this stage, with no legislation yet signed into law. However, the debate reflects growing political interest in Bitcoin’s role as a hedge and a long-term strategic asset, even as some lawmakers remain cautious about its volatility.

Top Stock Movers – May 6, 2025

Top Stock Movers – May 6, 2025

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U.S. stocks dipped by midday as investors awaited updates on potential tariff changes and the outcome of the Federal Reserve's meeting tomorrow. Here's a look at the major movers:

• Vertex Pharmaceuticals (VRTX) fell sharply after missing profit and revenue targets due to increased costs and challenges in Russia.

• DoorDash (DASH) declined following weaker-than-expected revenue and news of two acquisitions, including a $3.9 billion deal for Deliveroo.

• Coterra Energy (CTRA) dropped as it announced reduced capital spending amid economic uncertainty and falling oil prices.

• Constellation Energy (CEG) surged to lead the S&P 500, beating revenue expectations and maintaining its earnings outlook on strong AI-driven energy demand.

• Ford Motor (F) gained after indicating that new auto tariffs would have minimal impact on vehicle prices.

• Leidos Holdings (LDOS) jumped on better-than-expected results, driven by increased defense and security contracts.

Economic Data Indicators last update : Mai 2025

Economic Data Indicators last update : Mai 2025

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Here’s the latest snapshot of key economic indicators for the current month, May 2025. It includes crucial metrics such as the Interest Rate, GDP Growth, Debt-to-GDP Ratio, Unemployment Rate, Consumer Price Index (CPI), Producer Price Index (PPI), year-over-year Industrial Production, and Retail Sales. For definitions and explanations of these indicators, please see [Link].

U.S. Bitcoin ETFs Buy 6x More BTC Than Miners Produced Last Week

U.S. Bitcoin ETFs Buy 6x More BTC Than Miners Produced Last Week

Monday, May 5, 2025 / No Comments

 

U.S. spot Bitcoin exchange-traded funds (ETFs) accumulated nearly six times more Bitcoin than was produced by miners over the past week, highlighting growing institutional demand for the asset.

According to data shared by asset allocator HODL15Capital, U.S.-based Bitcoin ETFs purchased 18,644 BTC between April 28 and May 3, while only 3,150 BTC were mined during the same period. With miners currently producing around 450 BTC per day, ETF demand continues to significantly outpace supply.

The surge in buying activity coincides with a broader market recovery. Bitcoin briefly touched a six-week high of $97,700 on May 2 before pulling back to around $94,000, where it traded at the start of the week.

Despite a brief net outflow on April 30, total ETF inflows for the week reached approximately $1.8 billion, according to Farside Investors. Since April 16, the majority of trading days have seen positive inflows into Bitcoin ETFs.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, posting $2.5 billion in inflows over the five-day span and extending its streak to 17 consecutive days without outflows. The spot Bitcoin ETF category has now grown to nearly $110 billion in assets under management.

ETF Store president Nate Geraci noted that many U.S. wealth management platforms still restrict access to Bitcoin ETFs, limiting their distribution potential. “Spot Bitcoin ETFs are operating with one hand tied behind their backs,” Geraci said. “Imagine what might happen as these restrictions are lifted.”

Meanwhile, the crypto ETF landscape continues to evolve. The U.S. Securities and Exchange Commission is due to make a second deadline decision on Canary Capital’s spot Litecoin ETF filing by May 5. The firm also submitted a similar application for a spot XRP ETF in October 2024.

Bloomberg ETF analysts suggest that while approval is possible, a delay is more likely. Over 70 U.S. crypto ETF applications are currently awaiting regulatory decisions this year.

Danske Bank Sees Euro Climbing to $1.22 in 12 Months Amid U.S. Rate Cut Expectations

Danske Bank Sees Euro Climbing to $1.22 in 12 Months Amid U.S. Rate Cut Expectations

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The euro is poised for a significant rally, with analysts at Danske Bank forecasting the common currency to reach $1.22 within the next year, up from its current level of $1.1340.

The Danish lender’s bullish outlook hinges on anticipated monetary policy shifts in the United States, where the Federal Reserve is expected to implement 125 basis points of rate cuts by mid-2026. According to the bank’s latest note, the cuts could begin as early as next month, driven by mounting economic pressure stemming from President Trump’s trade policies, particularly the proposed tariffs on Chinese imports.

Danske Bank believes the Federal Reserve will gain clarity on tariff developments by this summer, which could influence the pace and scale of monetary easing. However, the Fed is widely expected to hold interest rates steady in its policy meeting this week, with no firm commitment to future cuts at this stage.

“By June and July, we expect the Fed to have a clearer picture of the final scope of China tariffs, as well as the broader implications of reciprocal measures,” the bank’s report stated.

Currency markets responded cautiously to the forecast, with the euro gaining 0.30% in early trading.

The outlook underscores growing divergence in monetary policy between the U.S. and the eurozone, potentially setting the stage for a weaker dollar and a stronger euro over the medium term.