Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.

Bitdeer Technologies Group

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Polaris Inc (Symbol: PII), where a total volume of 13,410 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 97% of PII's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $40 strike call option expiring September 19, 2025, with 6,240 contracts trading so far today, representing approximately 624,000 underlying shares of PII. Below is a chart showing PII's trailing twelve month trading history, with the $40 strike highlighted in orange:
Bitdeer Technologies Group (Symbol: BTDR) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 93% of BTDR's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $20 strike call option expiring December 19, 2025, with 8,564 contracts trading so far today, representing approximately 856,400 underlying shares of BTDR. Below is a chart showing BTDR's trailing twelve month trading history, with the $20 strike highlighted in orange:
And American Express Co. (Symbol: AXP) saw options trading volume of 20,944 contracts, representing approximately 2.1 million underlying shares or approximately 90.9% of AXP's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $320 strike put option expiring September 19, 2025, with 2,178 contracts trading so far today, representing approximately 217,800 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $320 strike highlighted in orange:
For the various different available expirations for PII options, BTDR options, or AXP options, visit StockOptionsChannel.com.
Also see:
Top Stocks Held By Jim Simons
CXDC shares outstanding history
Top Ten Hedge Funds Holding FENX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: PII, BTDR, AXP

The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed unchanged. June E-mini S&P futures (ESM25) are unchanged, and June E-mini Nasdaq futures (NQM25) are down -0.02%.
Stock indexes gave up early gains on Wednesday and closed slightly lower as hawkish comments from Fed Chair Powell sparked a wave of long liquidation in equities. Mr. Powell warned that tariff-driven economic uncertainty and inflation risk continue to complicate the Fed’s chances to ease monetary policy. The FOMC left interest rates unchanged following Wednesday’s policy meeting and continued to project two 25-bp rate cuts this year but cut their US growth forecast and raised their inflation forecast for this year.
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Stock indexes initially moved higher on Wednesday in hopes of a de-escalation of the Israel-Iran war. President Trump announced on Wednesday that he will convene another meeting with his national security team to discuss the ongoing conflict in the Middle East. President Trump said Iran had reached out about the possibility of negotiations, a claim that the Iranian government later denied. Stocks also found support after US weekly jobless claims fell as expected.
Geopolitical risks are limiting the upside in stocks as hostilities between Israel and Iran entered a sixth day Wednesday with no signs of easing. An overnight meeting between President Trump and his national security team has bolstered speculation the US is close to joining Israel’s attacks on Iran after President Trump called for Iran’s “unconditional surrender.” Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks.
So far, there’s been no closure of the vital Strait of Hormuz that handles about 20% of the world’s daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to “extreme jamming” of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz.
US MBA mortgage applications fell -2.6% in the week ended June 13, with the purchase mortgage sub-index down -3.0% and the refinancing mortgage sub-index down -2.1%. The average 30-year fixed rate mortgage fell -9 bp to 6.84% from 6.93% the prior week.
US weekly initial unemployment claims fell -5,000 to 245,000, right on expectations.
Wednesday’s US housing news was weaker than expected. May housing starts fell -9.8% m/m to a 5-year low of 1.256 million, weaker than expectations of 1.350 million. May building permits, a proxy for future construction, unexpectedly fell -2.0% m/m to a 4-3/4 year low of 1.393 million, weaker than expectations of no change at 1.422 million.
As expected, the FOMC kept the fed funds target rate unchanged at 4.25%-4.50% and said the uncertainty about the economic outlook has “diminished but remains elevated.” The statement removed the language that the committee “judges that the risks of higher unemployment and higher inflation have risen.”
The FOMC cut its US 2025 GDP estimate to 1.4% from 1.7% in March and raised its 2025 core inflation estimate to 3.1% from 2.8% in March.
The Fed’s dot plot of interest rate projections shows the median fed funds rate forecast at the end of 2025 at 3.875%, implying two quarter-point cuts this year, the same as they expected in March.
Fed Chair Powell said, “We expect a meaningful amount of inflation in the coming months” as the increases in tariffs are likely to boost prices and that their effects on inflation could be more persistent.
Investors are bracing for negative tariff news within the next week or so following President Trump’s announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause.
The markets are discounting the chances at 10% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets on Wednesday settled mixed. The Euro Stoxx 50 fell to a 3-1/2 week low and closed down -0.41%. China’s Shanghai Composite closed up +0.04%. Japan’s Nikkei Stock 225 rose to a 3-3/4 month high and closed up +0.90%.
Interest Rates
September 10-year T-notes (ZNU25) Wednesday closed down -1.5 ticks. The 10-year T-note yield rose +0.8 bp to 4.396%. T-notes gave up early gains on Wednesday and posted modest losses on hawkish comments from Fed Chair Powell, who said, “We expect a meaningful amount of inflation in the coming months” due to tariffs. Mr. Powell’s comments signal the Fed is not close to cutting interest rates and were bearish for T-notes. Wednesday’s action by the FOMC to raise its US 2025 core inflation forecast was also negative for T-note prices.
T-notes on Wednesday initially moved higher due to carryover support from strength in European government bonds. T-notes also found support after US May housing starts and building permits fell more than expected, dovish factors for Fed policy. T-notes are still supported by safe-haven demand after President Trump met his national security team, fueling speculation that the US may be on the verge of joining the attack against Iran.
European government bond yields on Wednesday moved lower. The 10-year German bund yield fell -3.8 bp to 2.497%. The 10-year UK gilt yield fell -5.5 bp to 4.495%.
ECB Governing Council member Panetta said the Eurozone’s economic prospects face “substantial” risks due to US tariffs and the fighting in the Middle East.
UK May CPI eased to +3.4% y/y from 3.5% y/y in April, stronger than expectations of +3.3% y/y. May core CPI eased to +3.5% y/y from +3.8% y/y in April, right on expectations.
Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Credit card issuers and digital payment companies retreated on Wednesday, concerned that they could lose market share to stablecoins after White House crypto czar Sacks said stablecoin legislation would cause the stablecoin asset class to grow and create demand for the dollar. As a result, Mastercard (MA) closed down more than -5% to lead losers in the S&P 500, and Visa (V) closed down more than -4% to lead losers in the Dow Jones Industrials. Also, Corpay (CPAY) closed down more than -3%, and PayPal Holdings (PYPL) closed down more than -2%.
Bitdeer Technologies (BTDR) closed down more than -6% after announcing it was offering $300 million in convertible senior notes due 2031 in a private placement.
Zoetis Inc (ZTS) closed down more than -3% to lead losers in the S&P 500 after Stifel downgraded the stock to hold from buy, citing “developing headwinds” for the company.
Allstate (ALL) closed down more than -1% after reporting May catastrophe losses rose +31% m/m to $777 million.
Coinbase Global (COIN) closed up more than +16% to lead gainers in the S&P 500 after it partnered with Nodal Clear to use USDC, the world’s second-biggest stablecoin, as collateral in US futures trading.
Marvell Technology (MRVL) closed up more than +7% to lead gainers in the Nasdaq 100 after the company raised its overall data center total addressable market to $94 billion by 2028, up from a previous estimate of $75 billion.
Bank stocks rallied on reports that US regulators plan to ease a capital rule limiting banks’ Treasury trades. Bank of New York Mellon (BK) and Citizens Financial Group (CFG) closed up more than +2%. Also, JPMorgan Chase (JPM), Synchrony Financial (SYF), Northern Trust (NTRS), M&T Bank (MTB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) closed up more than +1%. In addition, Goldman Sachs (GS) closed up more than +1% to lead gainers in the Dow Jones Industrials.
Jabil (JBL) closed up +4% after Argus Research upgraded the stock to buy from hold, and Raymond James raised its price target on the stock to $230 from $170.
Nucor (NUE) closed up more than +3% to lead gainers in the S&P 500 after forecasting Q2 EPS of $2.55-$2.65, stronger than the consensus of $2.30.
Wells Fargo & Co (WFC) closed up more than +3% after Raymond James raised its price target on the stock to $84 from $78.
Oracle (ORCL) closed up more than +1% after Guggenheim Securities raised its price target on the stock to $250 from $220.
Earnings Reports (6/20/2025)
Accenture PLC (ACN), CarMax Inc (KMX), Darden Restaurants Inc (DRI), Kroger Co/The (KR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.

Stocks Erase Early Gains on Fed Chair Powell’s Inflation Remarks

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.28%.
The Federal Reserve opted to hold interest rates steady at their current range of 4.25%-4.5% following its latest meeting, despite anticipating higher inflation and slower economic growth; however, the central bank still projects two rate reductions later this year.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
President Trump said Iran has reached out about the possibility of negotiations, bolstering hopes the Israel-Iran war will de-escalate. Stocks also found support after US weekly jobless claims fell as expected, and bond yields fell on weaker-than-expected US news on May housing starts and building permits. The 10-year T-note yield is down -2 bp to 4.36%.
Gains in stocks are limited by geopolitical risks as hostilities between Israel and Iran entered a sixth day Tuesday with no signs of easing. An overnight meeting between President Trump and his national security team has bolstered speculation the US is close to joining Israel's attacks on Iran after President Trump called for Iran's "unconditional surrender." The US has announced a meeting today with Pakistan's army chief, a key ally of Iran, to discuss mediation. Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks.
So far, there's been no closure of the vital Strait of Hormuz that handles about 20% of the world's daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz.
US MBA mortgage applications fell -2.6% in the week ended June 13, with the purchase mortgage sub-index down -3.0% and the refinancing mortgage sub-index down -2.1%. The average 30-year fixed rate mortgage fell -9 bp to 6.84% from 6.93% the prior week.
US weekly initial unemployment claims fell -5,000 to 245,000, right on expectations.
Today's US housing news was weaker than expected. May housing starts fell -9.8% m/m to a 5-year low of 1.256 million, weaker than expectations of 1.350 million. May building permits, a proxy for future construction, unexpectedly fell -2.0% m/m to a 4-3/4 year low of 1.393 million, weaker than expectations of no change at 1.422 million.
Investors are bracing for negative tariff news within the next week or so following President Trump's announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause.
The markets are discounting the chances at 0% for a -25 bp rate cut at the Tue-Wed FOMC meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell to a 3-1/2 week low and is down -0.38%. China's Shanghai Composite closed up +0.04%. Japan's Nikkei Stock 225 rose to a 3-3/4 month high and closed up +0.90%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +3 ticks. The 10-year T-note yield is down -2.0 bp to 4.369%. T-notes today are moving higher on carryover support from strength in European government bonds. T-notes added to their gains after US May housing starts and building permits fell more than expected, dovish factors for Fed policy. T-notes are still supported by safe-haven demand after President Trump met his national security team, fueling speculation that the US may be on the verge of joining the attack against Iran.
Strength in stocks today is limiting gains in T-notes. Also, position-squaring and long liquidation ahead of the results of the FOMC meeting later today are weighing on T-note prices.
European government bond yields today are moving lower. The 10-year German bund yield is down -3.4 bp to 2.501%. The 10-year UK gilt yield is down -4.7 bp to 4.503%.
ECB Governing Council member Panetta said the Eurozone's economic prospects face "substantial" risks due to US tariffs and the fighting in the Middle East.
UK May CPI eased to +3.4% y/y from 3.5% y/y in April, stronger than expectations of +3.3% y/y. May core CPI eased to +3.5% y/y from +3.8% y/y in April, right on expectations.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Marvell Technology (MRVL) is up more than +6% to lead gainers in the Nasdaq 100 and chip stocks higher after the company raised its overall data center total addressable market to $94 billion by 2028, up from a previous estimate of $75 billion. Also, Intel (INTC), Broadcom (AVGO), Microchip Technology (MCHP), ARM Holdings Plc (ARM), and Micron Technology (MU) are up more than +1%.
JPMorgan Chase (JPM) is up more than +2% to lead gainers in the Dow Jones Industrials and bank stocks higher on reports that US regulators plan to ease a capital rule limiting banks' Treasury trades. Also, Synchrony Financial (SYF), Citizens Financial Group (CFG), and Northern Trust (NTRS) are up more than +2%. In addition, Goldman Sachs (GS), M&T Bank (MTB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) are up more than +1%.
Jabil (JBL) is up +4% after Argus Research upgraded the stock to buy from hold, and Raymond James raised its price target on the stock to $230 from $170.
Nucor (NUE) is up more than +3% to lead gainers in the S&P 500 after forecasting Q2 EPS of $2.55-$2.65, stronger than the consensus of $2.30.
Wells Fargo & Co (WFC) is up more than +2% after Raymond James raised its price target on the stock to $84 from $78.
Analog Devices (ADI) is up more than +2% after Cantor Fitzgerald upgraded the stock to overweight from neutral with a price target of $270.
Oracle (ORCL) is up more than +2% after Guggenheim Securities raised its price target on the stock to $250 from $220.
Energy stocks and energy service providers are moving lower today, with the price of WTI crude oil down more than -1%. Haliburton is down more than -2%. Also, Diamondback Energy (FANG), Devon Energy (DVN), Valero Energy (VLO), ConocoPhillips (COP), Occidental Petroleum (OXY), Baker Hughes (BKR), and Marathon Petroleum (MPC) are down more than -1%.
Bitdeer Technologies (BTDR) is down more than -7% after announcing it was offering $300 million in convertible senior notes due 2031 in a private placement.
Zoetis Inc (ZTS) is down more than -3% to lead losers in the S&P 500 after Stifel downgraded the stock to hold from buy, citing "developing headwinds" for the company.
Allstate (ALL) is down more than -2% after reporting May catastrophe losses rose +31% m/m to $777 million.
Earnings Reports (6/18/2025)
GMS Inc (GMS), Korn Ferry (KFY), LiveOne Inc (LVO), Smith & Wesson Brands Inc (SWBI).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.

Fed Holds Rates Steady: Markets Waver Despite Two More Cuts Predicted This Year

The S&P 500 Index ($SPX) (SPY) today is up +0.52%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.55%. June E-mini S&P futures (ESM25) are up +0.46%, and June E-mini Nasdaq futures (NQM25) are up +0.47%.
Stock indexes today are moving higher after President Trump said Iran has reached out about the possibility of negotiations, bolstering hopes the Israel-Iran war will de-escalate. Stocks also found support after US weekly jobless claims fell as expected, and bond yields fell on weaker-than-expected US news on May housing starts and building permits. The 10-year T-note yield is down -2 bp to 4.36%.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Market volumes are below normal, with most investors on the sidelines ahead of the results of the 2-day FOMC meeting later this afternoon. Expectations are for the Fed to keep interest rates unchanged, and the markets will focus on the Fed's dot plot and latest projections for growth, unemployment, and interest rates. Post-FOMC meeting comments from Fed Chair Powell will be dissected for clues to future Fed policy intentions.
Gains in stocks are limited by geopolitical risks as hostilities between Israel and Iran entered a sixth day Tuesday with no signs of easing. An overnight meeting between President Trump and his national security team has bolstered speculation the US is close to joining Israel's attacks on Iran after President Trump called for Iran's "unconditional surrender." The US has announced a meeting today with Pakistan's army chief, a key ally of Iran, to discuss mediation. Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks.
So far, there's been no closure of the vital Strait of Hormuz that handles about 20% of the world's daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz.
US MBA mortgage applications fell -2.6% in the week ended June 13, with the purchase mortgage sub-index down -3.0% and the refinancing mortgage sub-index down -2.1%. The average 30-year fixed rate mortgage fell -9 bp to 6.84% from 6.93% the prior week.
US weekly initial unemployment claims fell -5,000 to 245,000, right on expectations.
Today's US housing news was weaker than expected. May housing starts fell -9.8% m/m to a 5-year low of 1.256 million, weaker than expectations of 1.350 million. May building permits, a proxy for future construction, unexpectedly fell -2.0% m/m to a 4-3/4 year low of 1.393 million, weaker than expectations of no change at 1.422 million.
Investors are bracing for negative tariff news within the next week or so following President Trump's announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause.
The markets are discounting the chances at 0% for a -25 bp rate cut at the Tue-Wed FOMC meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell to a 3-1/2 week low and is down -0.38%. China's Shanghai Composite closed up +0.04%. Japan's Nikkei Stock 225 rose to a 3-3/4 month high and closed up +0.90%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +3 ticks. The 10-year T-note yield is down -2.0 bp to 4.369%. T-notes today are moving higher on carryover support from strength in European government bonds. T-notes added to their gains after US May housing starts and building permits fell more than expected, dovish factors for Fed policy. T-notes are still supported by safe-haven demand after President Trump met his national security team, fueling speculation that the US may be on the verge of joining the attack against Iran.
Strength in stocks today is limiting gains in T-notes. Also, position-squaring and long liquidation ahead of the results of the FOMC meeting later today are weighing on T-note prices.
European government bond yields today are moving lower. The 10-year German bund yield is down -3.4 bp to 2.501%. The 10-year UK gilt yield is down -4.7 bp to 4.503%.
ECB Governing Council member Panetta said the Eurozone's economic prospects face "substantial" risks due to US tariffs and the fighting in the Middle East.
UK May CPI eased to +3.4% y/y from 3.5% y/y in April, stronger than expectations of +3.3% y/y. May core CPI eased to +3.5% y/y from +3.8% y/y in April, right on expectations.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Marvell Technology (MRVL) is up more than +6% to lead gainers in the Nasdaq 100 and chip stocks higher after the company raised its overall data center total addressable market to $94 billion by 2028, up from a previous estimate of $75 billion. Also, Intel (INTC), Broadcom (AVGO), Microchip Technology (MCHP), ARM Holdings Plc (ARM), and Micron Technology (MU) are up more than +1%.
JPMorgan Chase (JPM) is up more than +2% to lead gainers in the Dow Jones Industrials and bank stocks higher on reports that US regulators plan to ease a capital rule limiting banks' Treasury trades. Also, Synchrony Financial (SYF), Citizens Financial Group (CFG), and Northern Trust (NTRS) are up more than +2%. In addition, Goldman Sachs (GS), M&T Bank (MTB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) are up more than +1%.
Jabil (JBL) is up +4% after Argus Research upgraded the stock to buy from hold, and Raymond James raised its price target on the stock to $230 from $170.
Nucor (NUE) is up more than +3% to lead gainers in the S&P 500 after forecasting Q2 EPS of $2.55-$2.65, stronger than the consensus of $2.30.
Wells Fargo & Co (WFC) is up more than +2% after Raymond James raised its price target on the stock to $84 from $78.
Analog Devices (ADI) is up more than +2% after Cantor Fitzgerald upgraded the stock to overweight from neutral with a price target of $270.
Oracle (ORCL) is up more than +2% after Guggenheim Securities raised its price target on the stock to $250 from $220.
Energy stocks and energy service providers are moving lower today, with the price of WTI crude oil down more than -1%. Haliburton is down more than -2%. Also, Diamondback Energy (FANG), Devon Energy (DVN), Valero Energy (VLO), ConocoPhillips (COP), Occidental Petroleum (OXY), Baker Hughes (BKR), and Marathon Petroleum (MPC) are down more than -1%.
Bitdeer Technologies (BTDR) is down more than -7% after announcing it was offering $300 million in convertible senior notes due 2031 in a private placement.
Zoetis Inc (ZTS) is down more than -3% to lead losers in the S&P 500 after Stifel downgraded the stock to hold from buy, citing "developing headwinds" for the company.
Allstate (ALL) is down more than -2% after reporting May catastrophe losses rose +31% m/m to $777 million.
Earnings Reports (6/18/2025)
GMS Inc (GMS), Korn Ferry (KFY), LiveOne Inc (LVO), Smith & Wesson Brands Inc (SWBI).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.

Stocks Climb on Hopes of De-Escalation of Israel-Iran Conflict

The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.10%. June E-mini S&P futures (ESM25) are up +0.10%, and June E-mini Nasdaq futures (NQM25) are up +0.11%.
Stock indexes today are slightly higher, with most investors on the sidelines ahead of the results of the 2-day FOMC meeting later this afternoon. Expectations are for the Fed to keep interest rates unchanged, and the markets will focus on the Fed's dot plot and latest projections for growth, unemployment, and interest rates. Post-FOMC meeting comments from Fed Chair Powell will be dissected for clues to future Fed policy intentions. Stock indexes maintained modest gains after US weekly jobless claims fell as expected, although bond yields fell on weaker-than-expected US news on May housing starts and building permits. The 10-year T-note yield is down -2 bp to 4.36%.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Gains in stocks are limited by geopolitical risks as hostilities between Israel and Iran entered a sixth day Tuesday with no signs of easing. An overnight meeting between President Trump and his national security team has bolstered speculation the US is close to joining Israel's attacks on Iran after President Trump called for Iran's "unconditional surrender." The US has announced a meeting today with Pakistan's army chief, a key ally of Iran, to discuss mediation. Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks.
So far, there's been no closure of the vital Strait of Hormuz that handles about 20% of the world's daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz.
US MBA mortgage applications fell -2.6% in the week ended June 13, with the purchase mortgage sub-index down -3.0% and the refinancing mortgage sub-index down -2.1%. The average 30-year fixed rate mortgage fell -9 bp to 6.84% from 6.93% the prior week.
US weekly initial unemployment claims fell -5,000 to 245,000, right on expectations.
Today's US housing news was weaker than expected. May housing starts fell -9.8% m/m to a 5-year low of 1.256 million, weaker than expectations of 1.350 million. May building permits, a proxy for future construction, unexpectedly fell -2.0% m/m to a 4-3/4 year low of 1.393 million, weaker than expectations of no change at 1.422 million.
Investors are bracing for negative tariff news within the next week or so following President Trump's announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause.
The markets are discounting the chances at 0% for a -25 bp rate cut at the Tue-Wed FOMC meeting.
Overseas stock markets on today are mixed. The Euro Stoxx 50 fell to a 3-1/2 week low and is down -0.46%. China's Shanghai Composite closed up +0.04%. Japan's Nikkei Stock 225 rose to a 3-3/4 month high and closed up +0.90%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +4 ticks. The 10-year T-note yield is down -2.4 bp to 4.365%. T-notes today are moving higher on carryover support from strength in European government bonds. T-notes added to their gains after US May housing starts and building permits fell more than expected, dovish factors for Fed policy. T-notes are still supported from safe-haven demand after President Trump met his national security team, fueling speculation that the US may be on the verge of joining the attack against Iran.
Gains in T-notes were limited due to an increase in inflation expectations after the 10-year breakeven inflation rate rose to a two-week high today of 2.336%.
European government bond yields today are moving lower. The 10-year German bund yield is down -1.4 bp to 2.521%. The 10-year UK gilt yield is down -2.2 bp to 4.529%.
ECB Governing Council member Panetta said the Eurozone's economic prospects face "substantial" risks due to US tariffs and the fighting in the Middle East.
UK May CPI eased to +3.4% y/y from 3.5% y/y in April, stronger than expectations of +3.3% y/y. May core CPI eased to +3.5% y/y from +3.8% y/y in April, right on expectations.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Nucor (NUE) is up more than +5% to lead gainers in the S&P 500 after forecasting Q2 EPS of $2.55-$2.65, stronger than the consensus of $2.30.
Marvell Technology (MRVL) is up more than +6% to lead gainers in the Nasdaq 100 after the company raised its overall data center total addressable market to $94 billion by 2028, up from a previous estimate of $75 billion.
JPMorgan Chase (JPM) is up more than +1% to lead gainers in the Dow Jones Industrials and bank stocks higher on reports that US regulators plan to ease a capital rule limiting banks' Treasury trades.
Wells Fargo & Co (WFC) is up more than +1% after Raymond James raised its price target on the stock to $84 from $78.
Analog Devices (ADI) is up more than +1% after Cantor Fitzgerald upgraded the stock to overweight from neutral with a price target of $270.
Oracle (ORCL) is up more than +1% after Guggenheim Securities raised its price target on the stock to $250 from $220.
Pharmaceutical companies are moving lower for a second consecutive day after Bloomberg reported on Tuesday that the Trump administration is considering policies that would restrict pharmaceutical companies' ability to advertise directly to patients. As a result, Merk & Co (MRK), Bristol-Meyers Squibb (BMY), Eli Lilly (LLY), Amgen (AMGN), Baxter International (BAX), and Moderna (MRNA) are down more than -1%.
Bitdeer Technologies (BTDR) is down more than -8% after announcing it was offering $300 million in convertible senior notes due 2031 in a private placement.
Zoetis Inc (ZTS) is down more than -3% to lead losers in the S&P 500 after Stifel downgraded the stock to hold from buy, citing "developing headwinds" for the company.
Allstate (ALL) is down more than -1% after reporting May catastrophe losses rose +31% m/m to $777 million.
Earnings Reports (6/18/2025)
GMS Inc (GMS), Korn Ferry (KFY), LiveOne Inc (LVO), Smith & Wesson Brands Inc (SWBI).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries.

Stocks Slightly Higher as Bond Yields Decline

In trading on Thursday, shares of Bitdeer Technologies Group (Symbol: BTDR) crossed above their 200 day moving average of $11.61, changing hands as high as $13.66 per share. Bitdeer Technologies Group shares are currently trading up about 18.7% on the day. The chart below shows the one year performance of BTDR shares, versus its 200 day moving average:
Looking at the chart above, BTDR's low point in its 52 week range is $5.25 per share, with $26.99 as the 52 week high point — that compares with a last trade of $13.47.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Also see:
Institutional Holders of CUPM
Top Ten Hedge Funds Holding SMMC
JLL YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BTDR Crosses Above Key Moving Average Level

In trading on Thursday, the Amplify Transformational Data Sharing ETF (BLOK) is outperforming other ETFs, up about 4% on the day. Components of that ETF showing particular strength include shares of Bitdeer Technologies Group (BTDR), up about 11.7% and shares of Hut 8 Corp (HUT), up about 10.9% on the day.
And underperforming other ETFs today is the iShares Global Healthcare ETF (IXJ), down about 0.8% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Regeneron Pharmaceuticals (REGN), lower by about 4.4%, and shares of Cencora (COR), lower by about 4.3% on the day.
VIDEO: Thursday's ETF Movers: BLOK, IXJ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday's ETF Movers: BLOK, IXJ

In trading on Wednesday, the Amplify Transformational Data Sharing ETF is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of Mogo, up about 8.7% and shares of Bitdeer Technologies Group, up about 6.6% on the day.
And underperforming other ETFs today is the iShares Paris-Aligned Climate MSCI USA ETF, down about 1.4% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Intel, lower by about 5.9%, and shares of Progressive lower by about 4% on the day.
VIDEO: Wednesday's ETF Movers: BLOK, PABU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday's ETF Movers: BLOK, PABU

V2X (VVX) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this government services company would post earnings of $1.07 per share when it actually produced earnings of $1.29, delivering a surprise of 20.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
V2X, which belongs to the Zacks Technology Services industry, posted revenues of $1.16 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.27%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
V2X shares have lost about 12% since the beginning of the year versus the S&P 500's gain of 2.2%.
What's Next for V2X?
While V2X has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for V2X: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $1.04 billion in revenues for the coming quarter and $4.78 on $4.45 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bitdeer Technologies Group (BTDR), has yet to report results for the quarter ended December 2024. The results are expected to be released on February 25.
This company is expected to post quarterly loss of $0.23 per share in its upcoming report, which represents a year-over-year change of -560%. The consensus EPS estimate for the quarter has been revised 22.2% lower over the last 30 days to the current level.
Bitdeer Technologies Group's revenues are expected to be $73.99 million, down 35.6% from the year-ago quarter.
Should You Invest in V2X, Inc. (VVX)?
Before you invest in V2X, Inc. (VVX), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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V2X, Inc. (VVX) : Free Stock Analysis Report
Bitdeer Technologies Group (BTDR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

V2X (VVX) Surpasses Q4 Earnings and Revenue Estimates

Below is Validea's guru fundamental report for BITDEER TECHNOLOGIES GROUP (BTDR). Of the 22 guru strategies we follow, BTDR rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
BITDEER TECHNOLOGIES GROUP (BTDR) is a mid-cap value stock in the Computer Services industry. The rating using this strategy is 45% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BITDEER TECHNOLOGIES GROUP
BTDR Guru Analysis
BTDR Fundamental Analysis
More Information on Motley Fool
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About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.