In June, stablecoins experienced their largest monthly outflow in four years, with $7.7 billion leaving the market, indicating a continued risk-off sentiment in crypto. Unlike previous cycles, this capital did not shift into traditional safe havens like gold, suggesting investors are largely staying on the sidelines rather than rotating assets. Stablecoin dominance has fallen while Bitcoin dominance remains steady near 60%, hinting that sidelined capital may be gradually returning to Bitcoin. A bottom in stablecoin dominance could signal Bitcoin's next upward move, marking a potential market bottom.
Roivant Sciences saw its price target raised to $52 by Jefferies, reflecting a 24.7% potential gain, following positive Phase 2 trial results for mosliciguat, a drug treating pulmonary hypertension linked to interstitial lung disease. The trial showe...
EVI Industries reported Q4 revenue of $121.87 million, surpassing analyst expectations of $117.1 million, and achieved a record fiscal year revenue of $446.6 million, marking a 15% increase year-over-year. The company met earnings per share forecasts...
Lakeland Industries continues to face profitability challenges with a projected negative EPS of -$0.06 and recent unprofitability. However, the company secured important contracts with the Hong Kong Government Flying Service and Airports of Thailand,...
Intel's stock surged after Northland Securities upgraded it from "Market Perform" to "Outperform" with a $120 price target, following Intel Foundry's progress in High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography. Intel has process...
ABM Industries reported strong Q3 2026 results, surpassing analyst EPS estimates with $1.04 per share versus the expected $1.01. The company achieved record revenue of $2.3 billion, a 4.2% increase driven by organic and acquisition growth. Adjusted n...
