L'intérêt à découvert pour Coinbase Global donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Coinbase Global. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Coinbase Global (NASDAQ:COIN) Stock, Rapport sur les intérêts à découvert

COINBASE GLOBAL INC -CLASS A

Coinbase Global

Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$100.00</td>
<td>$30.5K</td>
<td>31.0K</td>
<td>17.1K</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$368.1K</td>
<td>10.2K</td>
<td>11.4K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$400.00</td>
<td>$77.1K</td>
<td>1.0K</td>
<td>738</td>
</tr>
<tr>
<td>GLXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$23.50</td>
<td>$25.6K</td>
<td>2.1K</td>
<td>708</td>
</tr>
<tr>
<td>IBKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$65.00</td>
<td>$73.7K</td>
<td>1.4K</td>
<td>677</td>
</tr>
<tr>
<td>FOA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$30.00</td>
<td>$47.0K</td>
<td>9.3K</td>
<td>628</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$125.00</td>
<td>$30.1K</td>
<td>6.9K</td>
<td>627</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$295.00</td>
<td>$27.6K</td>
<td>2.9K</td>
<td>422</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$750.00</td>
<td>$49.0K</td>
<td>886</td>
<td>100</td>
</tr>
<tr>
<td>BK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.6K</td>
<td>416</td>
<td>74</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 100 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $305.0 per contract. There were 31036 open contracts at this strike prior to today, and today 17135 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option sweep that happens to be bullish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 233 contract(s) at a $80.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $368.1K, with a price of $1580.0 per contract. There were 10284 open contracts at this strike prior to today, and today 11426 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bearish, expiring in 18 day(s) on August 1, 2025. This event was a transfer of 32 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $77.1K, with a price of $2410.0 per contract. There were 1063 open contracts at this strike prior to today, and today 738 contract(s) were bought and sold. 
• Regarding GLXY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 570 contract(s) at a $23.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $45.0 per contract. There were 2120 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold. 
• Regarding IBKR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), we observe a call option sweep with bearish sentiment. It expires in 67 day(s) on September 19, 2025. Parties traded 378 contract(s) at a $65.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $73.7K, with a price of $195.0 per contract. There were 1458 open contracts at this strike prior to today, and today 677 contract(s) were bought and sold. 
• For FOA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOA#NYSE">FOA</a>), we notice a call option sweep that happens to be bearish, expiring in 158 day(s) on December 19, 2025. This event was a transfer of 261 contract(s) at a $30.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $180.0 per contract. There were 9346 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold. 
• Regarding KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we observe a call option sweep with bullish sentiment. It expires in 158 day(s) on December 19, 2025. Parties traded 13 contract(s) at a $125.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $2320.0 per contract. There were 6929 open contracts at this strike prior to today, and today 627 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 67 day(s) on September 19, 2025. This event was a transfer of 30 contract(s) at a $295.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $921.0 per contract. There were 2993 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with bullish sentiment. It expires in 32 day(s) on August 15, 2025. Parties traded 49 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $1000.0 per contract. There were 886 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• Regarding BK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), we observe a call option trade with neutral sentiment. It expires in 186 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $690.0 per contract. There were 416 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

GLXY

HOOD

IBKR

UPST

10 Financials Stocks With Whale Alerts In Today's Session

<a href="https://www.barrons.com/articles/coinbase-stock-trump-trade-bitcoin-crypto-ec8e7a24" title="https://www.barrons.com/articles/coinbase-stock-trump-trade-bitcoin-crypto-ec8e7a24">https://www.barrons.com/articles/coinbase-stock-trump-trade-bitcoin-crypto-ec8e7a24</a>

News

Trading Ideas

'Coinbase Is the Real Trump Trade as Stock Set for Record Closing High' - Barron's

Oppenheimer analyst Owen Lau maintains Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Outperform and raises the price target from $395 to $417.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Coinbase Global, Raises Price Target to $417

Argus Research analyst Kevin Heal initiates coverage on Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy rating and announces Price Target of $400.

Initiation

Argus Research Initiates Coverage On Coinbase Global with Buy Rating, Announces Price Target of $400

Research firm Bernstein expects the ongoing rally in cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) to evolve into a "long and exhausting bull market." 
It will be driven not by retail speculation, but by deep structural trends — institutional adoption, regulatory clarity, and the emergence of a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">fully on-chain financial system.</a>
What Happened: In a new memo to clients on Monday, analysts argue that the market has transitioned from hype cycles to a more durable transformation of finance.
Bernstein is forecasting a prolonged and transformative crypto bull market, underpinned by institutional adoption and a maturing regulatory framework. 
In its latest research note, the firm states its conviction in blockchain and digital assets "has never been higher," adding that the current cycle departs from previous hype-driven phases by being led almost entirely by institutions, with retail interest still lagging.
The firm emphasizes that this bull run is unlikely to follow the typical four-year Bitcoin halving cycle. 
Instead, it expects a "structural" growth phase marked by the on-chain movement of financial assets, beginning with stablecoins, and the eventual emergence of an internet-native financial system. 
At the center of this transition are public blockchains like Ethereum and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which Bernstein sees as forming the core global economic infrastructure for programmable settlement and tokenized finance.
Bernstein projects that stablecoins, currently a $230 billion market, will drive mass adoption of on-chain payments, especially in the business-to-business and global remittance sectors. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46374193/ethereum-xrp-solana-no-youll-find-exponential-altseason-returns-in-lesser-known-coins-experts-say">Ethereum? XRP? Solana? No, You&#8217;ll Find Exponential Altseason Returns In Lesser-Known Coins, Experts Say</a>
With the GENIUS and CLARITY Acts expected to pass in the U.S., regulated players like Circle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) are positioned to anchor a reshored crypto trading and settlement environment. 
Bernstein expects U.S. market share of global crypto trading to grow from 10% to 13%, supported by new onshore crypto derivatives markets.
Why It Matters: The asset management industry is also undergoing a fundamental shift.
Bitcoin and Ethereum ETFs now command nearly $164 billion in assets under management, with BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) alone generating more revenue than any other ETF under the asset manager's umbrella. 
The report sees this as an early signal of sustained institutional interest and forecasts the next phase of active crypto asset management to include top 5, 20, and 50 token baskets, especially once token securities become fully defined under U.S. law.
Tokenization of financial assets is another key theme in the report. 
Bernstein argues that tokenizing equities, deposits, and debt can enable instant settlement, reduce operational inefficiencies, and offer continuous access to global financial markets. 
It sees Robinhood's launch of tokenized U.S. equities for European users as a preview of things to come, noting that both Robinhood and Coinbase are investing in blockchain infrastructure to support future capital markets built entirely on-chain.
Bernstein concludes that what's emerging is a reflexive loop: as blockchain applications gain real-world utility, they attract institutional flows, which in turn reinforce the value proposition of blockchain-native assets like ETH and SOL.
The firm expects Bitcoin to reach $200,000 by year-end, $500,000 by 2029, and $1 million by 2033.
Despite widespread skepticism, Bernstein insists this is no ordinary cycle. 
"You may call us ‘Believers,'" the report notes, "but we suspect, we may have crossed the ‘belief' stage." 
With on-ground adoption underway and regulatory scaffolding solidifying, the firm urges investors to rethink comparisons to earlier crypto rallies.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46373699/bitcoins-all-time-high-break-means-volatility-could-soon-return-report">Bitcoin&#8217;s All-Time High Break Means Volatility Could Soon Return: Report</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

$SOL

$XRP

CRCL

IBIT

Bitcoin, ETH, XRP, Solana Are In For A 'Long And Exhausting Bull Market,' Bernstein Predicts

JMP Securities analyst Brian Fitzgerald maintains Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Market Outperform and raises the price target from $400 to $440.

JMP Securities Maintains Market Outperform on Coinbase Global, Raises Price Target to $440

WIIM

BITF

CLSK

HIVE

MARA

MSTR

RIOT

Shares of crypto-linked stocks and Bitcoin miners are trading higher after Bitcoin rose above $121,000.

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged to a fresh all-time high of $123,231 on Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Monday morning, capping off a historic week that saw digital asset investment products record <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">$3.7 billion in inflows</a>.
This was the second-largest weekly total ever, according to CoinShares data, with the rally <a href="https://blog.coinshares.com/volume-242-digital-asset-fund-flows-weekly-report-4ad0c63a8def">pushing</a> total assets under management (AuM) for crypto exchange-traded products (ETPs) to a record $211 billion.
It also marked the 13th consecutive week of inflows, bringing year-to-date figures to $22.7 billion and underscoring growing investor appetite despite volatile macroeconomic conditions.
Bitcoin led the inflow charts, attracting $2.7 billion over the week. 
Its total AuM now stands at $179.5 billion, equivalent to 54% of the value held in gold ETPs for the first time. 
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) followed with $990 million in inflows, its fourth-largest weekly tally and 12th consecutive week of positive flows. 
The inflows represent 19.5% of Ethereum's total AuM, nearly double Bitcoin's 9.8%.
Also Read: <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>
Ethereum's price responded in kind, rising 18% over the past week to trade above $3,000
Meanwhile, Ripple&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) rose 7% to $2.97, though it also saw the largest outflows of the week, totaling $104 million. Solana bucked the trend with $92.6 million in inflows.
Among the altcoins, Stellar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>) was the standout performer, posting a 90% surge over the week as retail interest spiked amid broader market optimism.
Regionally, the United States dominated with $3.7 billion in inflows, while Germany recorded $85.7 million in outflows. 
Switzerland and Canada saw modest gains of $65.8 million and $17.1 million, respectively.
The growing momentum in digital asset products and Bitcoin's new all-time high suggest institutional capital is returning to the crypto markets with renewed confidence, buoyed by inflation hedging narratives and continued ETF adoption.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/07/46374478/bitcoin-sets-all-time-high-at-118-909-ethereum-xrp-surge-8-each">Bitcoin Sets All-Time High At $118,909, Ethereum, XRP Surge 8% Each</a></li>
</ul>
Image: Shutterstock

$XLM

Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3

U.S. stock futures were lower on Monday after ending on a negative note on Friday. Futures of major benchmark indices were lower.
President Donald Trump, in a telephone interview with NBC News' &#8220;Meet the Press&#8221; moderator Kristen Welker, asserted that &#8220;The tariffs have been very well received.&#8221; He believes that if a 10% tariff can generate around $300 billion annually, a 20% rate could <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">double that intake</a>. 
Meanwhile, the European Union was ready with a prepared list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, reported Reuters, highlighting Italy&#8217;s Foreign Minister Antonio Tajani&#8216;s comments. 
He also issued, latest threats to impose a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threa">30% tariff on all imports</a> from Mexico and the EU. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) scaled fresh highs on Monday as the cryptocurrency hit a fresh high of $123,091.61 per coin.
The 10-year Treasury bond yielded 4.42% and the two-year bond was at 3.89%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.38%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.27% at $621.94, while the QQQ declined 0.27% to $552.73, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Friday, while most sectors on the S&amp;P 500 closed lower, notably financial, health care, and materials stocks recorded the steepest declines, energy and consumer discretionary stocks defied the broader market downturn, concluding the session higher.
This mixed performance occurred a day after the S&amp;P 500 reached a new record high, ultimately leading U.S. stocks to settle lower.
The broader market reflected these losses over the past week, with the Dow Jones dropping 1% and the S&amp;P by 0.3%.
Fueling market jitters, Trump signaled a more aggressive trade stance, announcing a 35% tariff on Canadian imports effective Aug. 1, alongside proposed blanket duties of 15% to 20% on most other trading partners.
In corporate news, WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) reported better-than-expected earnings for its third quarter, though its sales figures fell short of estimates.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.22%</td>
<td>20,585.53</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.33%</td>
<td>6,259.75</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.63%</td>
<td>44,371.51</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.26%</td>
<td>2,234.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jim Cramer in an X post reflected his concern over tariffs linked to Trump&#8217;s policies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back to the old pattern of woe off of Trump.. The whole tariff thing will be &quot;fine&quot; until it implodes of there is endless re-trading &#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944575812734157284?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Ed Yardeni from Yardeni Research highlighted the surplus of just over <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">$27 billion in June</a>, reported by the U.S. Treasury Department, saying that Trump "must have loved the headline… ‘Treasury posts unexpected surplus in June as tariff receipts surge."
However, he warned that tariffs are essentially "a tax on U.S. importers," which can erode corporate profit margins and profits. While rebounding productivity growth might offer some offset, the potential impact on businesses remains a significant concern.
Adding about the market reaction to tariffs, Yardeni said, &#8220;The selloffs in the bond and stock markets back then forced Trump to deescalate his trade war. That's not happening now—not so far at least. This undoubtedly is emboldening Trump.&#8221;
Speculating on how the financial markets will respond this week to his latest escalation, Yardeni said that perhaps investors have learned that Trump's huffing and puffing is simply the way he negotiates trade deals.
&#8220;They are betting that it will work and result in lots of deals. They've also learned that Trump can change his mind often. So if some trade deals aren't coming together fast enough, he'll settle on a vague letter of understanding to work out a deal over time.&#8221;
The risk for the economy and investors is that Trump has concluded that if the financial markets aren't going to be vigilant about his trade war, then he can proceed with it unchecked, explained Yardeni. &#8220;If so, then TTT (Trump&#8217;s Tariff Turmoil) will last past the summer.&#8221;
Yardeni said in a LinkedIn <a href="https://www.linkedin.com/pulse/trumps-reign-tariffs-aint-over-edward-yardeni-eshve/">post</a>, &#8220;Then again, investors may agree with our current view that &#8216;this too shall pass&#8217; by the end of the summer: The economy will remain resilient, and inflation will remain surprisingly moderate. It all adds up to a relatively normal seasonal pattern, with the stock market weak during the late summer through the fall followed by a year-end rally to 6500 in our scenario.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on this week:
<ul class="wp-block-list">
<li>No significant data is scheduled to be released on Monday.</li>
<li>On Tuesday, June&#8217;s headline and core consumer price index data, and the Empire State manufacturing survey will be released by 8:30 a.m. ET.</li>
<li>Fed Governor Michelle Bowman will speak at 9:15 a.m., Fed Governor Michael Barr will speak at 12:45 p.m., Boston Fed President Susan Collins will speak at 2:45 p.m., and Dallas Fed President Lorie Logan will speak at 6:45 p.m. ET.</li>
<li>On Wednesday, June&#8217;s headline and core producer price index data will be out by 8:30 a.m. ET.</li>
<li>June&#8217;s industrial production and capacity utilization will be announced by 9:15 a.m. ET.</li>
<li>Federal Reserve Governor Michael Barr will speak again at 10:00 a.m., Fed&#8217;s beige book data will be out by 2:00 p.m., and New York Fed President John Williams will speak at 6:30 a.m. ET.</li>
<li>On Thursday, the initial jobless claims data for the week ended July 5, June retail sales, import price index, and Philadelphia Fed manufacturing survey will all be out by 8:30 a.m. ET.</li>
<li>May&#8217;s business inventories data and July&#8217;s home builder confidence index data will be out by 10:00 a.m. ET.</li>
<li>Fed Governor Adriana Kugler will speak at 10:00 a.m., San Francisco Fed President Mary Daly will speak at 12:45 p.m., Fed Governor Lisa Cook will speak at 1:30 p.m., and Fed Governor Christopher Waller will speak at 6:30 p.m. ET.</li>
<li>On Friday, June&#8217;s housing starts and building permits data will be out by 8:30 a.m., and preliminary consumer sentiment data for July will be released by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.41%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 1.76%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.86%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.75% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46385840/michael-saylors-strategy-coinbase-mara-riot-and-other-crypto-related-stocks-spike-after-hours-as-bitcoin-touches-all-time-high-beyond-122000">exposed stocks</a> as the cryptocurrency hit a fresh high of $123,091.61 on Monday.</li>
<li>Datavault AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVLT#NASDAQ">DVLT</a>) jumped 15.64% in premarket on Monday after the company entered into a licensing deal with IBM for program subscriptions.</li>
<li>BIT Mining Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) surged 40.40% after it announced strategic expansion into the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ecosystem, marking a significant shift in the company&#8217;s growth strategy. The cryptocurrency mining company plans to establish an SOL treasury of up to $300 million.</li>
<li>Sequans Communications SA ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) climbed 14.67% after closing a $384 million strategic investment to launch a Bitcoin treasury initiative last week. The financing consists of a $195 million PIPE (Private Investment in Public Equity) and $189 million in convertible debentures due July 7, 2028.</li>
<li>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) was up 2.94% as analysts expect it to report earnings of 28 cents per share on revenue of $2.07 billion before the opening bell.</li>
<li>FB Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) was unchanged as it is expected to report earnings after the closing bell. Analysts estimate earnings of 88 cents per share on revenue of $136.32.</li>
<li>Simulations Plus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) was 5.07% higher as analysts expect it to report earnings of 7 cents per share on revenue of $20.88 million after the closing bell</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.72% to hover around $68.94 per barrel.
Gold Spot US Dollar rose 0.33% to hover around $3,367.09 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.09% at the 97.9400 level.
Asian markets ended on a mixed note on Monday, as India's S&amp;P BSE Sensex, Japan's Nikkei 225, and Australia's ASX 200 indices fell. While China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi indices rose. European markets were mostly lower in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-dont-push-your-luck">Trump Wants Blanket Tariffs Of Up To 20% After Surprise Treasury Surplus In June: Ed Yardeni Says &#8216;Don&#8217;t Push Your Luck&#8217;</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Equities

BTCM

DVLT

FAST

SQNS

WDFC

US Stocks Likely To Open Lower As Trump's 20% Blanket Tariff Bombshell Weighs On Markets: Bitcoin-Linked Stocks MSTR, COIN Jump As BTC Touches $123,000

Several Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
What happened: Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the world's largest corporate Bitcoin holder, was up over 3% as of this writing, <a href="https://robinhood.com/us/en/stocks/MSTR/">according </a>to Robinhood.
Similarly, leading Bitcoin miners like MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.71% and 3.62%, respectively, at last check.
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and commission-free trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) also edged higher.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>Overnight Gains +/-</td>
<td>Price (Recorded at 2:05 p.m. ET)</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>+3.71%</td>
<td>$19.85</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>+3.62</td>
<td>$12.87</td>
</tr>
<tr>
<td>Strategy</td>
<td>+3.17%</td>
<td>$447.72</td>
</tr>
<tr>
<td>Coinbase</td>
<td>+1.86%</td>
<td>$394.24</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>+1.20%</td>
<td>$99.52</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/25/07/46385394/rich-dad-poor-dad-author-robert-kiyosaki-says-he-will-buy-one-more-bitcoin-asap-as-btc-breaks-122000">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Says He Will Buy &#8216;One More&#8217; Bitcoin ASAP As BTC Breaks $122,000</a>
The uptick comes after Bitcoin blasted past $122,000&nbsp;to clock new highs, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">extending a rally that began last week</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $122,312.71, up 3.74% in the last 24 hours, and 12% over the week, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Meanwhile, MSTR recorded a high Momentum score, but lagged in Value and Growth. If you&#8217;re looking for similar high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.."><img loading="lazy" decoding="async" width="961" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png" alt="" class="wp-image-983326" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png 961w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-768x157.png 768w" sizes="(max-width: 961px) 100vw, 961px" /></a></figure>
Photo: khunkornStudio via Shutterstock
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

Michael Saylor's Strategy, Coinbase, MARA, Riot And Other Crypto-Related Stocks Spike After Hours As Bitcoin Touches All-Time High Beyond $122,000

These ten large-cap stocks were top performers last week. Are they a <a target="_blank" href="https://www.benzinga.com/trading-ideas" rel="noreferrer noopener">part of your portfolio</a>?
<ol class="wp-block-list">
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) jumped 18.96% last week after landing a 20-year <a href="https://www.benzinga.com/pressreleases/25/07/b46314484/venture-global-and-sefe-announce-expansion-of-lng-partnership" target="_blank" rel="noreferrer noopener">LNG deal with Germany's SEFE</a>. For the quarter ended June, it exported 51 cargos (190.5 TBtu) from its Plaquemines facility, earning an average liquefaction fee of $7.09/MMBtu.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock rose 14.29% this week after TD Cowen initiated coverage with a Hold rating and a <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast of $21</a>. The stock is also gaining from potential legislative changes that could significantly reroute student loan demand from federal <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46352055/how-trumps-student-loan-reform-could-funnel-billions-loans-sofi" target="_blank" rel="noreferrer noopener">programs to private lenders</a>.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) stock gained 11.91% this week after the company reported better-than-expected second-quarter <a href="https://www.benzinga.com/markets/earnings/25/07/46341383/delta-air-lines-ceo-confident-in-stronger-2025-as-demand-holds-steady" target="_blank" rel="noreferrer noopener">earnings per share and sales</a>. Multiple analysts also increased the <a href="https://www.benzinga.com/quote/dal/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock.</a></li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) stock gained 9.17% after Wells Fargo maintained an Equal-Weight rating but raised its<a href="https://www.benzinga.com/quote/u/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast from $19 to $24.</a></li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) stock increased 10.66% this week after the company received full FDA approval for its COVID-19 vaccine, Spikevax, for children aged 6 months through 11 years at increased <a href="https://www.benzinga.com/news/fda/25/07/46351929/fda-grants-complete-approval-to-modernas-covid-19-vaccine-for-children-as-young-as-6-months" target="_blank" rel="noreferrer noopener">risk for COVID-19 disease</a>. The company also announced it will sue RFK Jr over what they deem to be unlawful <a href="https://www.benzinga.com/news/health-care/25/07/46303191/medical-groups-sue-rfk-jr-for-assault-on-science-over-unlawful-covid-19-vaccine-rollbacks" target="_blank" rel="noreferrer noopener">COVID-19 vaccine rollbacks.</a></li>
<li>PTC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) stock increased 10.06% this week after Keybanc reiterated an Overweight rating, raising the <a href="https://www.benzinga.com/quote/PTC/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $185 to $192.</a> Also, media reports emerged claiming that Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>)<a href="https://www.autodesk.com/" target="_blank" rel="noreferrer noopener"></a> is working with advisors as it weighs a potential acquisition of PTC in a deal that would <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46333062/autodesk-stock-is-moving-lower-whats-happening">involve a mix of cash and stock.</a></li>
<li>Rocket Lab Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock rose 5.60% after selecting Bollinger Shipyards to help build its ocean landing platform <a href="https://www.benzinga.com/pressreleases/25/07/b46355743/rocket-lab-selects-bollinger-shipyards-to-support-modification-of-neutron-landing-platform" target="_blank" rel="noreferrer noopener">for the Neutron reusable rocket</a>.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) stock gained 7.93% last week after Barclays reiterated an Overweight rating on the stock, increasing the <a href="https://www.benzinga.com/quote/TPR/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $98 to $105.</a></li>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) stock increased 8.31% in the past week after Barclays maintained an Equal-Weight rating on the company, <a href="https://www.benzinga.com/quote/luv/analyst-ratings" target="_blank" rel="noreferrer noopener">raising the price forecast from $26 to $34.</a></li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock upped 9.23% this week after Barclays maintained the stock with an Equal-Weight rating, <a href="https://www.benzinga.com/quote/COIN/analyst-ratings" target="_blank" rel="noreferrer noopener">raising the price forecast from $202 to $359</a></li>
</ol>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs" target="_blank" rel="noreferrer noopener">Trump Targets Mexico, EU With 30% Tariffs</a></li>
</ul>
Image Via Shutterstock

Large Cap

Movers

General

ADSK

MRNA

RKLB

SOFI

Delta Air, Moderna And Coinbase Are Among Top Large Cap Gainers Last Week (July 7-July 11): Are The Others In Your Portfolio?

On Friday, Cathie Wood-led Ark Invest made a series of significant trades, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Archer Aviation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NASDAQ">ACHR</a>), Aurora Innovation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>), Kratos Defense &amp; Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and BWX Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>)
The TSLA Trade: Ark Invest continued its bullish stance on Tesla, purchasing 59,705 shares through its ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>).
This move comes amid investor panic following<a href="https://www.benzinga.com/markets/tech/25/07/46359878/cathie-wood-continues-to-back-tesla-as-investors-panic-amid-elon-musks-return-to-politics-calls-robotaxi-bet-a-trillion-dollar-opportunity"> Elon Musk&#8217;s return to politics</a>. Wood has consistently backed Tesla, calling its Robotaxi venture a &#8220;trillion-dollar opportunity&#8221;.
The value of the Tesla trade, calculated from the latest closing price, is around $18.72 million.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/24/01/36681911/1-5-trillion-fund-franklin-templeton-starts-memeing-on-x-how-crypto-culture-infiltrates-fi">$1.5 Trillion Fund Franklin Templeton Starts Memeing On X: How Crypto Culture Infiltrates Finance &#8211; Benzinga</a>
The AUR trade
Ark Invest bought 425,933 shares of Aurora Innovation through the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>).
The value of the Aurora trade, calculated from the latest closing price, is around $2.23 million.
The ROKU trade
Ark Invest sold 32,446 shares of Roku Inc. The value of the Roku trade, calculated from the latest closing price, is around $3.77 million.
Other Key Trades:
<ul class="wp-block-list">
<li>ARKK sold 168,990 shares of Archer Aviation Inc.</li>
<li>ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) bought 18,387 shares of BWX Technologies.</li>
<li>ARKQ and ARKX sold 92,456 shares of Kratos Defense.</li>
<li>ARKW sold 5,596 shares of Coinbase Global.</li>
</ul>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46359878/cathie-wood-continues-to-back-tesla-as-investors-panic-amid-elon-musks-return-to-politics-calls-robotaxi-bet-a-trillion-dollar-opportunity">Cathie Wood Continues To Back Tesla As Investors Panic Amid Elon Musk&#8217;s Return To Politics: Calls Robotaxi Bet A Trillion-Dollar Opportunity</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ChrisStock82 / Shutterstock.com

ETFs

ACHR

ARKK

ARKQ

ARKW

ARKX

BWXT

KTOS

ROKU

TSLA

Cathie Wood's Ark Invest Continues To Bet On Tesla, Offloads Kratos Defense And Coinbase

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$385.00</td>
<td>$36.0K</td>
<td>2.4K</td>
<td>19.7K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$46.00</td>
<td>$28.7K</td>
<td>5.9K</td>
<td>5.0K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$81.00</td>
<td>$52.1K</td>
<td>1.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$75.00</td>
<td>$443.2K</td>
<td>1.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>ING</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$22.00</td>
<td>$80.3K</td>
<td>41</td>
<td>1.4K</td>
</tr>
<tr>
<td>OWL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$17.00</td>
<td>$57.9K</td>
<td>1.6K</td>
<td>552</td>
</tr>
<tr>
<td>CHYM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$35.00</td>
<td>$62.1K</td>
<td>880</td>
<td>396</td>
</tr>
<tr>
<td>LNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$46.0K</td>
<td>237</td>
<td>140</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$335.00</td>
<td>$86.3K</td>
<td>450</td>
<td>54</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$702.50</td>
<td>$37.0K</td>
<td>44</td>
<td>43</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 80 contract(s) at a $385.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $450.0 per contract. There were 2447 open contracts at this strike prior to today, and today 19757 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 35 day(s) on August 15, 2025. This event was a transfer of 250 contract(s) at a $46.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $115.0 per contract. There were 5957 open contracts at this strike prior to today, and today 5045 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 2004 contract(s) at a $81.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $52.1K, with a price of $26.0 per contract. There were 1376 open contracts at this strike prior to today, and today 2036 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a put option trade that happens to be bearish, expiring in 161 day(s) on December 19, 2025. This event was a transfer of 1600 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $443.2K, with a price of $277.0 per contract. There were 1613 open contracts at this strike prior to today, and today 1603 contract(s) were bought and sold. 
• Regarding ING (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ING#NYSE">ING</a>), we observe a put option sweep with bearish sentiment. It expires in 35 day(s) on August 15, 2025. Parties traded 1460 contract(s) at a $22.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $80.3K, with a price of $55.0 per contract. There were 41 open contracts at this strike prior to today, and today 1460 contract(s) were bought and sold. 
• For OWL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>), we notice a put option sweep that happens to be bearish, expiring in 189 day(s) on January 16, 2026. This event was a transfer of 552 contract(s) at a $17.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $57.9K, with a price of $105.0 per contract. There were 1685 open contracts at this strike prior to today, and today 552 contract(s) were bought and sold. 
• For CHYM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHYM#NASDAQ">CHYM</a>), we notice a call option trade that happens to be bullish, expiring in 35 day(s) on August 15, 2025. This event was a transfer of 226 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $62.1K, with a price of $275.0 per contract. There were 880 open contracts at this strike prior to today, and today 396 contract(s) were bought and sold. 
• Regarding LNC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $30.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $460.0 per contract. There were 237 open contracts at this strike prior to today, and today 140 contract(s) were bought and sold. 
• Regarding V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we observe a call option sweep with bearish sentiment. It expires in 189 day(s) on January 16, 2026. Parties traded 25 contract(s) at a $335.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $86.3K, with a price of $3455.0 per contract. There were 450 open contracts at this strike prior to today, and today 54 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with neutral sentiment. It expires in 7 day(s) on July 18, 2025. Parties traded 25 contract(s) at a $702.50 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $1481.0 per contract. There were 44 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHYM

10 Financials Stocks Whale Activity In Today's Session

<a target="_blank" href="https://www.benzinga.com/topic/payment-processors" rel="noreferrer noopener">U.S. payment processors</a> are shifting their focus toward faster, more convenient, and secure digital payment solutions. Key trends driving this transformation include the growth of real-time payments and the broader use of digital wallets and mobile transactions.
The industry is undergoing rapid growth and transformation as "Buy Now, Pay Later" (BNPL) and cryptocurrency payments gain momentum.
BNPL allows consumers to divide purchases into manageable installments, while crypto payment gateways let merchants accept digital currencies.
Key players in the sector, including Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), surged over 13% year-to-date compared to Mastercard's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) by over 7%. The S&amp;P 500 Information Technology Sector Index (which includes both stocks) gained 10% during the period.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45766373/mastercard-paypal-team-up-to-put-consumers-in-control-of-checkout" rel="noreferrer noopener">Mastercard, PayPal Partner To Offer Consumers More Payment Control</a>
Visa and Mastercard stocks surged over 10-13% in the last three months, lagging the index's 27% gains. PayPal stock is down 13% year-to-date despite gaining 23% in the last three months.
Morgan Stanley and Jefferies <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/45067312/paypal-earnings-beat-but-slower-spending-and-checkout-use-weigh-on-results" rel="noreferrer noopener">cited concerns for</a> PayPal over tariffs, Apple's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) competitive threat, and a slowdown in branded checkout growth. They warned that PayPal's exposure to China cross-border transactions could face pressure from new tariffs and regulatory changes.
Visa and Mastercard face intense competition from American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Discover, UnionPay, and PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) in the payment processing space. PayPal challenged Visa and Mastercard early on by delivering a more convenient and user-friendly solution for online payments, especially for peer-to-peer transfers and small online merchants.
PayPal's success in digital payments helped accelerate the shift toward online and mobile transactions, pushing Visa and Mastercard to evolve and innovate in response.
Visa and Mastercard also compete with Capital One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Stripe, and many fintech startups specializing in digital payments.
<h2 class="wp-block-heading">Visa And Mastercard's Latest Quarterly Results</h2>
Visa <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/45118922/visas-q2-results-reflect-steady-us-spending-despite-market-uncertainty-analyst-highlights-strength-in-payment-volumes" rel="noreferrer noopener">beat expectations in</a> the second quarter, reporting EPS of $2.76 and revenue of $9.59 billion (up 9.2%), slightly ahead of analyst estimates despite a mixed macro backdrop.
RBC's Daniel Perlin noted solid U.S. payment volumes and strong value-added services growth. Perlin highlighted three positives: steady consumer spending, 22% year-over-year growth in value-added services revenue, which highlights Visa's expanding revenue base beyond consumer transactions, and Visa's new $30 billion share buyback plan.
Despite minor cross-border softness, Visa kept its full-year 2025 guidance unchanged, with management ready to adapt as needed; Perlin slightly raised his fiscal 2025 EPS estimate to $11.30.
Mastercard beat <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45175986/mastercards-cross-border-surge-and-pricing-actions-drive-analyst-optimism" rel="noreferrer noopener">first-quarter estimates</a> with $7.25 billion in revenue (up 14%) and adjusted EPS of $3.73, driven by solid pricing and acquisitions.
JPMorgan analyst Tien-tsin Huang cited strong organic growth, resilient volumes, and solid execution despite calendar and macro headwinds.
Huang highlighted better-than-expected revenue yield, aided by pricing and FX volatility, and noted Mastercard's broad-based strength, even as cross-border volumes decelerated slightly off a strong fourth-quarter base.
Mastercard maintained full-year guidance and forecasted mid-teens revenue growth for second-quarter, with Huang raising EPS estimates for fiscal 2025 to $15.90 and for fiscal 2026 to $18.60, supported by diversified, premium growth and pricing actions that help cushion against macro pressure.
<h2 class="wp-block-heading">How Visa And Mastercard Stack Up Against Each Other?</h2>
On March 21, JP Morgan's Tien-tsin Huang <a target="_blank" href="https://www.benzinga.com/25/03/44435113/visa-vs-mastercard-the-heavyweight-bout-of-payments" rel="noreferrer noopener">highlighted Visa leads</a> the payments industry in scale, with higher transaction volume, revenue, and operating margins. However, Mastercard has consistently outpaced Visa in growth, with faster revenue and earnings expansion driven by gains in emerging markets and diversified revenue streams.
Huang noted both Visa and Mastercard as strong performers, highlighting their robust cash flows and commitment to shareholder returns through aggressive buybacks. In 2024, both stocks rose over 20%, in line with the broader market.
Huang highlighted that Visa has pulled ahead in early 2025, benefiting from investor interest in U.S. growth stocks and fading regulatory concerns. He also pointed out that Mastercard trades at a higher valuation, reflecting its stronger growth trajectory. While Mastercard's growth premium appears justified, Huang noted growing appeal in Visa's relative value and improving risk profile.
<h2 class="wp-block-heading">Regulatory Probe</h2>
On May 23, European Union antitrust regulators <a target="_blank" href="https://www.benzinga.com/25/05/45592157/visa-and-mastercard-face-eu-scrutiny-over-card-fees-amid-push-to-cut-foreign-payment-dependence" rel="noreferrer noopener">launched a probe</a> into fees charged by Visa and Mastercard, questioning their impact on financial institutions servicing retailers.
Regulators surveyed market participants to assess the fees imposed through Visa and Mastercard networks as EU officials explored ways to reduce reliance on foreign payment providers.
European Central Bank President Christine Lagarde underscored the urgency to cut dependence on U.S. card networks, according to sources cited by Bloomberg. Visa and Mastercard stocks fell following the news, as both firms face legal and regulatory challenges over their global fee structures.
<h2 class="wp-block-heading">Crypto Payments</h2>
On June 13, American Express partnered with Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) to launch the Coinbase One Card, a <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45919626/coinbase-ceo-brian-armstrong-teases-crypto-credit-card-powered-by-american-express-bitcoin-cashbacks-offered-but-heres-the-catch" rel="noreferrer noopener">metal credit card</a> that offers up to 4% cashback in Bitcoin, available exclusively to Coinbase One subscribers starting fall 2025.
Mastercard powers Gemini's competing crypto credit card, offering up to 4% Bitcoin rewards on purchases like gas and rideshare, with no annual or foreign transaction fees. Both card networks are deepening their presence in crypto payments, supporting products that let users earn digital assets through everyday spending.
By enabling crypto rewards cards, American Express and Mastercard are helping traditional payments converge with the growing demand for digital currency use and adoption.
<h2 class="wp-block-heading">Trump Policies</h2>
On June 19, analysts warned the GENIUS Act <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/46017534/as-trump-says-get-it-to-my-desk-for-genius-stablecoin-bill-analysts-warn-of-disruption-to-payment-giants-visa-and-mastercard" rel="noreferrer noopener">could intensify competition</a> for Visa and Mastercard as it lays the groundwork for regulated stablecoin payments in the U.S.
Mark Hines of Herrick Lake Investments said companies like Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Stripe could quickly adopt stablecoins, bypassing traditional card networks and offering lower transaction fees. Hines predicted that Visa and Mastercard may face slower growth and fee pressure as stablecoins emerge as viable alternatives for online payments. Despite Trump's push for swift House approval, some analysts, like Rebound Capital, believe stablecoins still have a long runway before materially disrupting major payment processors.
With Visa, Mastercard, and American Express handling $28 trillion in annual volume, any shift toward stablecoin adoption could eventually impact their dominance, especially if the market grows to the projected $3.7 trillion by the decade's end.
<h2 class="wp-block-heading">Other Macroeconomic Events</h2>
On June 24, Bank of America Securities analysts flagged <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46081860/visa-mastercard-exposed-as-more-travelers-cut-back-on-overseas-plans" rel="noreferrer noopener">rising price sensitivity</a> and macro concerns as potential headwinds for Visa and Mastercard's cross-border volumes. Both stocks declined 4% in the last 30 days.
The analysts found that 47% of global travelers plan to alter their travel plans over the next year, up from 44% in April, posing risks to international spending.
Analysts estimate that about 10% of travelers may cancel or switch to domestic trips, which could impact Visa and Mastercard's high-margin cross-border revenue.
While both companies still report stable trends, analysts caution that prolonged weakness in global travel—especially U.S. inbound—could pressure future growth.
Price Actions:&nbsp;At the last check on Friday, MA stock was down 0.54% at $560.50, and V is down 0.53%.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45891293/amex-still-king-of-premium-credit-cards-but-chase-capital-one-are-closing-in-fast-analyst" target="_blank" rel="noreferrer noopener">Amex Still King Of Premium Credit Cards — But Chase, Capital One Are Closing In Fast: Analyst</a></li>
</ul>
Photo via Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

AAPL

AMZN

PYPL

Visa And Mastercard Remain Top Picks, But One May Outpace Growth

U.S. stock futures declined on Friday after ending marginally higher on Thursday. Futures of major benchmark indices were lower.
After President Donald Trump imposed <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">50% tariffs on Brazil</a>, the country&#8217;s President, Luiz Inácio Lula da Silva, issued a warning Thursday about <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46359200/brazil-hits-back-at-trumps-tariff-letter-lula-says-if-hes-going-to-charge-us-50-wee-going-to-charge-him-50">potential retaliatory tariffs </a>if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.88%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.62%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.57%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.50%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.99%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.54% at $622.44, while the QQQ declined 0.47% to $552.86, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Thursday, most sectors within the S&amp;P 500 finished higher, with consumer discretionary, utilities, and energy stocks leading the gains.
Conversely, communication services and information technology sectors bucked the trend, ending the session lower. U.S. stocks settled higher overall, with the S&amp;P 500 hitting an all-time high during the day.
A significant boost came from Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), which surged approximately 12% after reporting second-quarter results that exceeded both earnings and revenue forecasts, signaling a robust demand outlook and igniting a widespread rally across the airline sector.
On the economic front, the U.S. labor market continued to demonstrate resilience, as initial jobless claims decreased to 237,000 last week, surpassing expectations. However, continuing claims increased to 1.965 million, reaching their highest level since 2021.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.094%</td>
<td>20,630.66</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.27%</td>
<td>6,280.46</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.43%</td>
<td>44,650.64</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
<td>2,263.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As the trade-related tussle evolves with the U.S. trading partners, Louis Navellier of Navellier &amp; Associates said that &#8220;There is no doubt that the tariffs the Trump Administration is imposing are controversial, but the countries that cooperate with the U.S., like Australia and Britain, are only being hit with 10% baseline tariffs, which should be largely offset by appreciation in the U.S. dollar in the upcoming months.&#8221;
Highlighting that the tariff revenue to the U.S. Treasury soared to $24.2 billion in May and is now expected to soar to $60 billion or higher per month in the upcoming months, he added, &#8220;I remain in the camp that when all the dust settles, there will be freer trade with fewer tariffs, since many countries cannot fight with the U.S.&#8221;
&#8220;Markets appear to have become desensitized to tariff news,&#8221; said Michelle Gibley, director of international research at the Schwab Center for Financial Research. &#8220;There may be some thought that the rates announced won&#8217;t be the final tariffs—some of the figures seem random and part of a negotiation.&#8221;
Meanwhile, Ed Yardeni of Yardeni Research highlighted that the Warren Buffett Indicator <a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">hit an alarming valuation</a>, indicating a potentially overvalued market, but the U.S. economy has demonstrated remarkable resilience.
He pointed out a fascinating paradox: "The economy won't let us down. Despite numerous crises, real GDP has remained recession-resistant since the Covid lockdown during the first half of 2020."
He emphasizes nearly six years without a recession, despite significant global challenges such as the pandemic, the conflict in Ukraine, stricter monetary policies, the Middle East war, and the economic disruption caused by Donald Trump&#8217;s tariffs.
Indeed, Yardeni argues, "it really has been the Roaring 2020s so far. Real GDP is at a record high and so is the stock market."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.35%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 2.38%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 2.94%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.20% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exposed stocks as the cryptocurrency hit a fresh high of $118,403.89 on Thursday.</li>
<li>Several drone-related stocks were also higher after Defense Secretary Pete Hegseth issued new orders to <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46356963/drone-stocks-fly-as-defense-secretary-fast-tracks-drone-production-deployment">fast-track drone manufacturing</a> and deployment. This includes Red Cat Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), which soared 16.08%, AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>), which advanced 4.11%, Ageagle Aerial Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>), which was up 9.68%, and Ondas Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) higher by 5.47%.</li>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) jumped 7.25% after reporting stronger-than-expected second-quarter financial results and raising its full-year guidance.</li>
<li>PriceSmart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) climbed 7.10% higher after reporting better-than-expected third-quarter financial results.</li>
<li>Frequency Electronics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) tumbled 2.12% after reporting earnings of 34 cents per share for the fourth quarter, up from 28 cents per share in the year-ago period. The company&#8217;s sales rose to $19.986 million from $15.576 million.</li>
<li>E2open Parent Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) was up 0.31% after posting better-than-expected earnings for its first quarter and affirming its fiscal year 2026 sales guidance.</li>
<li>WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) was 0.093% higher after posting better-than-expected earnings for its third quarter, while sales missed estimates. The company raised its EPS guidance, but narrowed its sales forecast.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $66.59 per barrel.
Gold Spot US Dollar rose 0.29% to hover around $3,333.71 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.14% at the 97.7890 level.
Asian markets ended mostly lower on Friday, except China&#8217;s CSI 300 and Hong Kong's Hang Seng indices. India's S&amp;P BSE Sensex, Japan's Nikkei 225, South Korea's Kospi, and Australia's ASX 200 indices fell. European markets were lower in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">Warren Buffett Indicator Soars To 208%, Surpassing Dot-Com, 2008 Levels</a></li>
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Photo courtesy: godongphoto / Shutterstock.com

AVAV

ETWO

FEIM

LEVI

ONDS

PSMT

RCAT

UAVS

US Stocks Expected To Open Lower, But Bitcoin-Exposed Stocks Soar In Premarket After BTC Breaches $118K Mark

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>).
The Tempus AI Trade saw Ark Invest making a notable acquisition of shares in the healthcare AI company. The trades were executed through the ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>). Ark added a total of 16,277 shares of Tempus AI, with 2,233 shares purchased by ARKG and 14,044 shares by ARKK. This move comes amid ongoing criticism from CNBC&#8217;s Jim Cramer, who has repeatedly questioned the <a href="https://www.benzinga.com/markets/tech/25/07/46354006/cathie-wood-vs-jim-cramer-tv-host-says-top-ark-ai-pick-losing-money-hand-over-fist">profitability of Tempus AI</a> in 2025. Despite the skepticism, Tempus AI&#8217;s first-quarter financial results were promising, with revenue reaching $255.74 million, exceeding estimates. The total value of Ark&#8217;s purchase on this day was nearly $970,109, based on the stock&#8217;s closing price of $59.60.
Notably, on Wednesday, Ark had purchased Tempus shares worth $8.8 million.
The Coinbase Trade involved Ark Invest selling 16,627 shares of the cryptocurrency-trading platform through the ARKK ETF. This decision aligns with concerns over a <a href="https://www.benzinga.com/analyst-stock-ratings/downgrades/25/07/46349905/why-coinbases-huge-rally-might-be-done">potential decline in crypto trading activity</a>, which could impact Coinbase&#8217;s stock performance. As Coinbase approaches its second-quarter earnings report, market analysts are cautious about the company&#8217;s ability to meet expectations. The total value of the shares sold was $6.5 million, based on the stock&#8217;s closing price of $388.96.
The Robinhood Trade included the sale of 58,504 shares of the retail-oriented trading platform via the ARKK ETF. This comes after Robinhood&#8217;s recent <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46351536/you-can-stake-ethereum-solana-on-robinhood-but-is-it-worth-the-25-cut">introduction of staking services</a> for Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), allowing users to earn rewards by contributing their crypto holdings. The total value of the shares sold was $5.8 million. The stock ended the day at $98.7 on Thursday.
The Block Trade saw Ark Invest offloading 24,780 shares of the Jack Dorsey-led company through the ARKK ETF. This move follows a <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46334675/cathie-wood-dumps-jack-dorseys-block-as-bitcoin-flirts-with-all-time-highs-bets-8-8-million-on-tempus-ai">previous significant sale</a> of Block shares on Wednesday as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) neared all-time highs. That trade was worth $6.6 million.
Ark&#8217;s decision to reduce its stake in Block could be construed as a shift in focus towards other investment opportunities. The total value of the shares sold was $1.7 million. Block stock ended the day $68.76.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 62,732 shares of Roku Inc (ROKU) through ARKK.</li>
<li>Bought 179,242 shares of Teradyne Inc (TER) via ARKK.</li>
</ul>
Read Next: 
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<li><a href="https://benzinga.com/markets/tech/25/07/46339592/peter-thiel-red-pilled-elon-musk-mark-zuckerberg-and-silicon-valleys-elite-at-critical-turning-point" target="_blank" rel="noreferrer noopener">Peter Thiel &#8216;Red-Pilled&#8217; Elon Musk, Mark Zuckerberg And Silicon Valley&#8217;s Elite At Critical Turning Points, Says Researcher Tracking Founders Fund&#8217;s Influence</a></li>
</ul>
Photo Courtesy: Ira Lichi On Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Markets

ARKG

Cathie Wood Bets Another $1 Million On Tempus AI Despite Jim Cramer's Doubts, Dumps Crypto Stocks As Bitcoin Hits Fresh New Highs

Shares of crypto-linked stocks and Bitcoin miners are trading higher amid strength in Bitcoin.

The party may be over for Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) investors, as a sharp decline in crypto trading activity is casting a shadow over the company&#8217;s record-high stock price. 
With the second-quarter earnings report scheduled for July 31, market observers are sounding alarms that results could substantially disappoint expectations, potentially triggering a significant shift in investment sentiment.
<h2 class="wp-block-heading">Analyst Sounds Alarm</h2>
In a move reflecting these concerns, HC Wainwright &amp; Co. analyst Mike Colonnese downgraded Coinbase Global from Buy to Sell on Thursday, adjusting his price forecast from $305 to $300. 
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside" rel="noreferrer noopener">Coinbase Becomes First Pure-Play Crypto Stock In S&amp;P 500, Analyst Sees Major Institutional Upside</a>
Despite recognizing Coinbase as a premier crypto exchange and maintaining an optimistic view on the broader crypto sector, Colonnese contends that the stock&#8217;s remarkable nearly 150% surge since its April lows, a stark contrast to the Nasdaq&#8217;s 35% rise, has inflated its valuation beyond what near-term fundamentals justify.
<h2 class="wp-block-heading">Riding the Stablecoin Wave: Circle IPO and GENIUS Act Boost</h2>
The analyst attributes part of this recent momentum to the excitement generated by Circle Internet Group&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) highly anticipated IPO on June 5. 
Investors were particularly drawn to Coinbase&#8217;s significant revenue stream, deriving over half of all reserve income from USDC, Circle&#8217;s flagship stablecoin, which boasts a market capitalization of approximately $62 billion. 
This positive sentiment was further amplified when the U.S. Senate passed the GENIUS Act, crucial stablecoin legislation, less than two weeks later on June 17.
<h2 class="wp-block-heading">Profit-Taking Advised: Anticipating Disappointing Q2 Results</h2>
However, with Coinbase now trading at all-time highs amidst a sharp downturn in overall crypto trading activity, Colonnese advises investors to capitalize on this opportune moment to secure profits before the company&#8217;s second-quarter earnings report. 
He specifically warned that the upcoming results could fall short of consensus, citing his revised second-quarter 2025 revenue forecast, which sits 10% below current market expectations.
<h2 class="wp-block-heading">Transaction Revenue Woes</h2>
Colonnese highlighted a downside risk to current Wall Street estimates, which project $900.1 million in transaction revenue and $1.67 billion in total revenue. 
He anticipates a significant drop in total spot trading volume on centralized exchanges during the second quarter, pointing to CCData figures that show only $3.8 trillion in volume for April and May combined, a substantial decrease from approximately $7.2 trillion in the first quarter. 
This decline is further evidenced by Coinbase&#8217;s own total spot trading volume, which, according to data from The Block (June) and CCData (April and May), plunged 41% quarter-over-quarter in the second quarter, falling to $232 billion from $393 billion in the first quarter.
Considering these mid-quarter trading volume trends and a slight compression in the average blended take rate to 32 basis points from 30 basis points in the first quarter, an adjustment reflecting Coinbase&#8217;s recent shift to more competitive fee structures for active retail traders, Colonnese projected second-quarter total transaction revenue at $705.4 million, approximately 22% below the Street consensus.
<h2 class="wp-block-heading">Subscription and Services: A Brighter Spot</h2>
Conversely, Colonnese expects Coinbase to surpass its second-quarter Subscription and Services revenue guidance of $600 million to $680 million. 
This optimism is fueled by a 13% quarter-over-quarter increase in USDC&#8217;s average market cap and a rebound in ETH prices following management&#8217;s May 8 earnings call. 
He forecasts robust sequential growth in stablecoin revenue, attributing it to steady reserve rates and the higher average USDC market cap. 
However, he anticipates a quarter-over-quarter drop in reported blockchain rewards, primarily driven by average ETH and SOL price declines of 18% and 17%, respectively, alongside a slight dip in ETH staking rates to about 3.0%.
Despite the expected decline in Blockchain rewards, Colonnese believes that rising stablecoin revenues, which are the main contributor to Subscription and Services revenue, will more than offset this impact. 
He also foresees modest support from higher custodial fee income, spurred by a 6% quarter-over-quarter increase in average Bitcoin (CRYPTO: BTC/USD) prices. 
Consequently, he projected total Subscription and Services revenue at $711.8 million for the second quarter, roughly 4% above the Street consensus of $687.6 million.
<h2 class="wp-block-heading">Revised Financial Outlook</h2>
However, reflecting the overall weaker trading volumes and lower transaction fee rates, Colonnese ultimately lowered his second-quarter 2025 total revenue estimate to $1.49 billion from $1.56 billion. 
While stronger subscription and services revenue did help mitigate some of the impact, he still reduced his second-quarter adjusted EBITDA forecast to $516.3 million from $538.1 million and trimmed his adjusted EPS estimate to 72 cents from 82 cents. 
For the full year, he further cut his total revenue projection to $6.8 billion from $7.4 billion, with adjusted EBITDA lowered to $2.6 billion from $3.1 billion and EPS cut to $4.43 from $5.92.
COIN Price Action: Coinbase stock is trading higher by 1.33% to $378.90 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/25/06/46174854/robinhood-just-made-crypto-simpler-and-way-more-powerful" target="_blank" rel="noreferrer noopener">Robinhood Just Made Crypto Simpler — And Way More Powerful</a></li>
</ul>
Image via Shutterstock

Downgrades

Why Coinbase's Huge Rally Might Be Done

Barclays analyst Benjamin Budish maintains Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Equal-Weight and raises the price target from $202 to $359.

Barclays Maintains Equal-Weight on Coinbase Global, Raises Price Target to $359

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is booming again, and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) is cashing in. Shares of the crypto exchange were up 1.4% at the time of publication on Thursday, extending an eye-popping 167% rally from 52-week lows made in mid-April. With <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46345201/bitcoins-rally-to-112000-yes-its-different-this-time#:~:text=Ultimately%2C%20the%20consensus%20is%20clear,future%20for%20the%20crypto%20asset.">Bitcoin blasting past $112,000</a>, Coinbase's rebound is looking less like a fluke and more like a front-row seat to crypto's comeback.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46342335/how-much-bitcoin-do-you-need-to-retire">How Much Bitcoin Do You Need To Retire?</a>
<h2 class="wp-block-heading">Big Money Bets, Big Retail FOMO</h2>
What's behind the surge? Two words: <a href="https://www.mitrade.com/au/insights/news/live-news/article-3-941478-20250708/">whale buying</a>. Large investors—often institutions—have been spotted moving big sums into Coinbase-linked wallets, according to blockchain data providers. This comes as spot Bitcoin ETFs continue to post strong inflows, signaling broad market participation, not just meme-fueled trading.
A sharp move past $112K triggered over $300 million in short liquidations, per Coinglass <a href="https://www.coinglass.com/LiquidationData">data</a>, sending a clear message: this rally has strength. 
Bitcoin had hovered below $100K just weeks ago. Now, it&#8217;s posting fresh all-time highs &#8211; bringing Coinbase along for the ride.
<h2 class="wp-block-heading">From Collapse To Comeback</h2>
Let's rewind. In 2022, Coinbase was written off by many after crypto winter froze trading activity. However, the 2024 approval of the Bitcoin ETF was a turning point. Trading volumes started rising again, and Coinbase emerged as a key infrastructure player, not just a retail brokerage, but the backbone for many crypto transactions.
Add in growing institutional interest and increasing crypto adoption, and the narrative shifted. Coinbase is no longer just surviving &#8211; it's thriving.
Of course, crypto is still volatile, and a reversal in Bitcoin's momentum could quickly drag COIN down again. But for now, the rally is undeniable.
Coinbase's 167% gain over the past 12 months says one thing loud and clear: "Told you so."
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46344516/why-is-bit-mining-stock-skyrocketing-on-thursday">Why Is BIT Mining Stock Skyrocketing On Thursday?</a></li>
</ul>
Photo: Mehaniq On Shutterstock.com

Long Ideas

Tech

Bitcoin's Booming - Coinbase's 167% Rally Says 'Told You So'

Press Releases

Virtune announces the listing of Virtune Coinbase 50 Index ETP, its flagship product, on Euronext Amsterdam

Virtune announces the listing of Virtune Coinbase 50 Index ETP, its flagship product, on Euronext Paris

Legal

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc.- COIN

Bybit TradFi x Crypto Report: Regulatory Tailwinds Drive Coinbase Outperformance Despite Premium Valuation

Financing

KULR Technology Group Announces $20 Million Credit Facility with Coinbase

Bitcoin Acquisitions Booming as Companies Tap into Coinbase Credit Facilities Opportunity

Coinbase Announces Date of Second Quarter 2025 Financial Results

Sequans Launches Bitcoin Treasury Program with Initial Acquisition of 370 BTC

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Powell Max Limited - Class A Ordinary Shares

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Screenshot 2025-03-24 at 5.42.31 PM

BTCS

BTCS Reports Record Revenue Growth For 2024 Driven By Focus On Ethereum Block Building

Screenshot 2025-03-19 at 5.21.00 PM

$BNB

OBNB

Binance commands a stage presence in the blockchain sphere thanks to its status as the world&#39;s largest cryptocurrency exchange.

Beyond The Exchange: How BNB Chain Is Helping Reshape The Crypto Landscape

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NFLX

While Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) dominate the discourse surrounding cryptocurrencies thanks to their positioning as the top two assets by market cap, BNB (CRYPTO: 

The Binance Bottleneck: Why U.S. Investors Are Locked Out And What They Can Do About It

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Emerging Markets

What Opportunities Could The Disruptive Pace Of Technology Today Present? Hear From Cathie Wood At Crossroads Summit On Cutting Through The Chaos

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Coinbase Global

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Coinbase Global (NASDAQ:COIN) Stock, Rapport sur les intérêts à découvert

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