MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions. The company also provides MicroStrategy Support that helps customers achieve their system availability and usage goals through highly responsive troubleshooting and assistance; MicroStrategy Consulting, which provides architecture and implementation services to help customers realize their desired results; and MicroStrategy Education that offers free and paid learning options. In addition, it engages in the development of bitcoin. The company offers its services through direct sales force and channel partners. It serves the U.S. government, state and local governments, and government agencies, as well as a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

MicroStrategy Incorporated

The S&P 500 Index ($SPX) (SPY) Friday closed up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.23%. September E-mini S&P futures (ESU25) rose +0.38%, and September E-mini Nasdaq futures (NQU25) rose +0.26%.
Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Signs of economic resilience and better-than-expected quarterly earnings results are underpinning stocks, with the S&P 500 and Nasdaq 100 posting new record highs this week. According to data compiled by Bloomberg Intelligence, around 83% of S&P 500 companies that have reported Q2 earnings have exceeded analysts’ profit estimates.
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Stocks added to their gains on Friday afternoon when bond yields fell from early highs and moved lower. The 10-year T-note yield finished Friday down by -1 bp to 4.38%.
On the negative side, Intel closed down more than 8% to limit gains in chip stocks after reporting an unexpected Q2 loss of -10 cents a share, which was weaker than the expected 1-cent profit, and announced plans to reduce capital expenditures and cut staff by 15% by the end of the year. Also, Charter Communications closed down more than -18% after reporting Q2 EPS below consensus.
Friday’s US economic news was negative for stocks after Jun capital goods new orders nondefense ex-aircraft & parts unexpectedly fell -0.7% m/m, weaker than expectations of a +0.1% m/m increase.
The markets are awaiting President Trump’s August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, “We’ll have a straight, simple tariff of anywhere between 15% and 50%,” an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 66% at the following meeting on September 16-17.
The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Around 83% of the S&P 500 companies that have reported have exceeded profit estimates.
Overseas stock markets on Friday settled lower. The Euro Stoxx 50 closed down -0.06%. China’s Shanghai Composite closed down -0.33%. Japan’s Nikkei Stock 225 closed down -0.88%.
Interest Rates
September 10-year T-notes (ZNU25) Friday closed up by +5 ticks. The 10-year T-note yield fell by -1.2 bp to 4.384%. T-notes recovered from early losses on Friday and moved higher after a -1% fall in crude oil prices prompted short covering in T-notes. Also, T-notes rose after comments from President Trump eased fears that he would fire the Fed Chair when he said there was “no tension” with Powell.
T-notes on Friday initially moved lower due to negative carryover from a slide in 10-year German bunds to a 3.75-month low. Also, upcoming supply pressures are weighing on T-notes as the Treasury will auction $69 billion of 2-year T-notes and $70 billion of 5-year T-notes on Monday.
European government bond yields today are moving higher. The 10-year German bund yield rose to a 3.75-month high of 2.769% and finished up +1.6 bp to 2.718%. The 10-year UK gilt yield rose +1.4 bp to 4.635%.
Eurozone Jun M3 money supply rose +.3% y/y, weaker than expectations of +3.7% y/y and the slowest pace of increase in 9 months.
The German Jul IFO business confidence index rose +0.2 to a 14-month high of 88.6, although weaker than expectations of 89.0.
UK Jun retail sales ex-auto fuel rose +0.6% m/m, weaker than expectations of +1.2% m/m.
ECB Governing Council member Kazaks said he saw little reason to lower interest rates further unless the economy suffers a major blow, and “There is value in the ECB holding interest rates at current levels, and the time of no-brainer moves to hike or cut rates is over.”
ECB Governing Council member and Bundesbank President Nagel stated that a steady monetary policy from the ECB is appropriate, as the inflation outlook has remained unchanged and the economic outlook has improved slightly.
Swaps are discounting the chances at 18% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Centene (CNC) closed up more than +6% to lead managed health care providers higher after laying out a plan to address problems in its Affordable Care Act business to ensure it turns a profit in 2026. Also, Molina Healthcare (MOH) closed up more than +4%, and Humana (HUM), Elevance Health (ELV), and CVS Health (CVS) closed up more than +3%. In addition, UnitedHealth Group (UNH) closed up +0.89%.
Deckers Outdoor Corp (DECK) closed up more than +11% to lead gainers in the S&P 500 after reporting Q1 net sales of $964.5 million, well above the consensus of $901.4 million.
Comfort Systems USA (FIX) closed up more than +23% after reporting Q2 revenue of $2.17 billion, stronger than the consensus of $1.96 billion.
Newmont Corp (NEM) closed up more than +6% after reporting Q2 sales of $5.32 billion, better than the consensus of $4.85 billion.
Edwards Lifesciences (EW) closed up more than +5% after reporting Q2 sales of $1.53 billion, better than the consensus of $1.50 billion, and raising its full-year sales forecast to $5.9 billion-$6.1 billion from a previous estimate of $5.7 billion-$6.10 billion, stronger than the consensus of $5.91 billion.
Aon Plc (AON) closed up more than +4% after reporting Q2 adjusted EPS of $3.49, above the consensus of $3.40.
Palantir Technologies (PLTR) closed up more than +2% after Piper Sandler initiated coverage on the stock with a recommendation of overweight and a price target of $170.
Gilead Sciences (GILD) closed up more than +2% after Needham upgraded the stock to buy from hold with a price target of $133.
Carvana (CVNA) closed up more than +2% after Oppenheimer upgraded the stock to outperform from market perform with a price target of $450.
Intel (INTC) closed down more than -8% to limit gains in chip stocks after reporting an unexpected Q2 loss of -10 cents a share, weaker than expectations of a +1 cent profit, and said it will reduce capital expenditures and cut staff by 15% by the end of the year. Also, ASML Holding NV (ASML) and Applied Materials (AMAT) closed down more than -1%.
Crypto-linked stocks were under pressure Friday after the price of Bitcoin (^BTCUSD) fell more than -1% to a 2-week low. As a result, Galaxy Digital (GLXY) closed down more than -3%. Also, MicroStrategy (MSTR), Riot Platforms (RIOT), and Coinbase Global (COIN) closed down more than -1%.
Charter Communications (CHTR) closed down more than -18% to lead losers in the S&P 500 after reporting Q2 EPS of $9.18, well below the consensus of $9.82. Comcast Corp (CMCSA) also closed down more than -4% on the news.
Healthpeak Properties (DOC) closed down more than -6% after reporting Q2 lab same-store NOI growth of 1.5%, below the consensus of 2.45%.
Sarepta Therapeutics (SRPT) closed down more than -6% after an evaluation committee of the European Medicines Agency recommended against the approval of the company’s gene therapy Elevidys.
Henry Schein Inc. (HSIC) closed down more than -1% after Stifel downgraded the stock to neutral from buy.
Earnings Reports (7/28/2025)
Amkor Technology Inc (AMKR), Brixmor Property Group Inc (BRX), Brown & Brown Inc (BRO), Cadence Design Systems Inc (CDNS), Cincinnati Financial Corp (CINF), Crane Co (CR), Exelixis Inc (EXEL), Hartford Insurance Group Inc/The (HIG), Kilroy Realty Corp (KRC), NOV Inc (NOV), Nucor Corp (NUE), Olin Corp (OLN), Principal Financial Group Inc (PFG), Revvity Inc (RVTY), Rithm Capital Corp (RITM), Simpson Manufacturing Co Inc (SSD), Universal Health Services Inc (UHS), Veralto Corp (VLTO), Waste Management Inc (WM), Welltower Inc (WELL), Western Union Co/The (WU), Whirlpool Corp (WHR), Woodward Inc (WWD).
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.

S&P 500 and Nasdaq 100 Post Record Highs on Earnings Optimism

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.19%. September E-mini S&P futures (ESU25) are up +0.18%, and September E-mini Nasdaq futures (NQU25) are up +0.10%.
Stock indexes are climbing today, with the Nasdaq 100 posting a new all-time high. Signs of economic resilience and better-than-expected quarterly earnings results are underpinning stocks, with the S&P 500 and Nasdaq 100 posting new record highs this week. According to data compiled by Bloomberg Intelligence, around 83% of S&P 500 companies that have reported Q2 earnings have exceeded analysts’ profit estimates.
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On the negative side, Intel is down more than -9% to lead semiconductor stocks lower after reporting an unexpected Q2 loss of -10 cents a share, weaker than expectations of a +1 cent profit, and said it will reduce capital expenditures and cut staff by 15% by the end of the year. Also, Charter Communications is down more than -16% after reporting Q2 EPS below consensus.
Today’s US economic news was negative for stocks after Jun capital goods new orders nondefense ex-aircraft & parts unexpectedly fell -0.7% m/m, weaker than expectations of a +0.1% m/m increase.
The markets are awaiting President Trump’s August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, “We’ll have a straight, simple tariff of anywhere between 15% and 50%,” an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 67% at the following meeting on September 16-17.
The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +4.5% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Around 83% of the S&P 500 companies that have reported have exceeded profit estimates.
Overseas stock markets today are lower. The Euro Stoxx 50 is down -0.23%. China’s Shanghai Composite closed down -0.33%. Japan’s Nikkei Stock 225 closed down -0.88%.
Interest Rates
September 10-year T-notes (ZNU25) today are down -2 ticks. The 10-year T-note yield is up by +1.2 bp to 4.408%. T-notes are under pressure today due to negative carryover from a slide in 10-year German bunds to a 3.75-month low. Also, upcoming supply pressures are weighing on T-notes as the Treasury will auction $69 billion of 2-year T-notes and $70 billion of 5-year T-notes on Monday. Limiting losses in T-notes were comments from President Trump, who downplayed his clash with Fed Chair Powell, saying there was “no tension” with Powell, which eased fears that he would fire the Fed Chair.
European government bond yields today are moving higher. The 10-year German bund yield rose to a 3.75-month high of 2.769% and is up +2.0 bp to 2.722%. The 10-year UK gilt yield is up +1.9 bp to 4.640%.
Eurozone Jun M3 money supply rose +.3% y/y, weaker than expectations of +3.7% y/y and the slowest pace of increase in 9 months.
The German Jul IFO business confidence index rose +0.2 to a 14-month high of 88.6, although weaker than expectations of 89.0.
UK Jun retail sales ex-auto fuel rose +0.6% m/m, weaker than expectations of +1.2% m/m.
ECB Governing Council member Kazaks said he saw little reason to lower interest rates further unless the economy suffers a major blow, and “There is value in the ECB holding interest rates at current levels, and the time of no-brainer moves to hike or cut rates is over.”
ECB Governing Council member and Bundesbank President Nagel stated that a steady monetary policy from the ECB is appropriate, as the inflation outlook has remained unchanged and the economic outlook has improved slightly.
Swaps are discounting the chances at 18% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Centene (CNC) is up more than +4% to lead managed health care providers higher after laying out a plan to address problems in its Affordable Care Act business to ensure it turns a profit in 2026. Also, Humana (HUM) is up more than +4%, and Elevance Health (ELV), CVS Health (CVS), and Molina Healthcare (MOH) are up more than +3%. In addition, UnitedHealth Group (UNH) is up more than +1% to lead gainers in the Dow Jones Industrials.
Deckers Outdoor Corp (DECK) is up more than +13% to lead gainers in the S&P 500 after reporting Q1 net sales of $964.5 million, well above the consensus of $901.4 million.
Comfort Systems USA (FIX) is up more than +15% after reporting Q2 revenue of $2.17 billion, stronger than the consensus of $1.96 billion.
Newmont Corp (NEM) is up more than +6% after reporting Q2 sales of $5.32 billion, better than the consensus of $4.85 billion.
Aon Plc (AON) is up more than +6% after reporting Q2 adjusted EPS of $3.49, above the consensus of $3.40.
Edwards Lifesciences (EW) is up more than +4% after reporting Q2 sales of $1.53 billion, better than the consensus of $1.50 billion, and raising its full-year sales forecast to $5.9 billion-$6.1 billion from a previous estimate of $5.7 billion-$6.10 billion, stronger than the consensus of $5.91 billion.
Palantir Technologies (PLTR) is up more than +2% after Piper Sandler initiated coverage on the stock with a recommendation of overweight and a price target of $170.
Gilead Sciences (GILD) is up more than +2% after Needham upgraded the stock to buy from hold with a price target of $133.
Carvana (CVNA) is up more than +2% after Oppenheimer upgraded the stock to outperform from market perform with a price target of $450.
Intel (INTC) is down more than -9% to lead chip stocks lower after reporting an unexpected Q2 loss of -10 cents a share, weaker than expectations of a +1 cent profit, and said it will reduce capital expenditures and cut staff by 15% by the end of the year. Also, ASML Holding NV (ASML) and Applied Materials (AMAT) are down more than -2%. In addition, NXP Semiconductors NV (NXPI), Micron Technology (MU), KLA Corp (KLAC), and Lam Research (LRCX) are down more than -1%.
Crypto-linked stocks are sliding today with the price of Bitcoin (^BTCUSD) down more than -3% to a 2-week low. As a result, Riot Platforms (RIOT) is down more than -3%, and MARA Holdings (MARA) and MicroStrategy (MSTR) are down more than -2%. Also, Coinbase Global (COIN) is down more than -1%.
Charter Communications (CHTR) is down more than -17% to lead losers in the S&P 500 after reporting Q2 EPS of $9.18, well below the consensus of $9.82.
Healthpeak Properties (DOC) is down more than -6% after reporting Q2 lab same-store NOI growth of 1.5%, below the consensus of 2.45%.
Sarepta Therapeutics (SRPT) is down more than -5% after an evaluation committee of the European Medicines Agency recommended against the approval of the company’s gene therapy Elevidys.
Oklo Inc. (OKLO) is down more than -1% after BNP Paribas Exane initiated coverage of the stock with a recommendation of underperform and a price target of $14.
Earnings Reports (7/25/2025)
Aon PLC (AON), AutoNation Inc (AN), Booz Allen Hamilton Holding Co (BAH), Centene Corp (CNC), Charter Communications Inc (CHTR), Erie Indemnity Co (ERIE), First Citizens BancShares Inc/ (FCNCA), First Hawaiian Inc (FHB), Gentex Corp (GNTX), HCA Healthcare Inc (HCA), Lear Corp (LEA), OneMain Holdings Inc (OMF), Phillips 66 (PSX), Saia Inc (SAIA), Skechers USA Inc (SKX).
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.

Solid Corporate Earnings Results Support Stocks

MicroStrategy MSTR, doing business as “Strategy,” shares have appreciated 131% in the trailing 12 months, outperforming both the Zacks Computer - Software industry and Zacks Computer and Technology sector that have returned 22.2% and 22.8%, respectively.
Strategy is the world’s largest bitcoin treasury company, holding 607,770 Bitcoins as of July 20, 2025. In July, Strategy acquired 6,220 Bitcoins for $739.8 million. MARA Holdings MARA, Riot Platform RIOT and Tesla TSLA are other well-known companies that hold bitcoins in their respective balance sheets. As of March 31, MARA Holdings and Riot Platforms had 47,531 and 19,223 bitcoins, respectively, while Tesla had 11,509 bitcoins at the end of the second quarter of 2025.
Strategy shares have outperformed Tesla and Riot Platform, shares of which have jumped 42.7% and 26.3% respectively, in the past year. MARA Holdings shares have dropped 21.9% over the same time frame.
MSTR Stock’s Performance
Image Source: Zacks Investment Research
MSTR stock is currently trading above the 200-day moving average, indicating a bullish trend.
MSTR Stock Trades Above 50-Day and 200-Day SMAs
Image Source: Zacks Investment Research
MSTR Benefits From Growing Bitcoin Holding
Strategy benefits from the Trump administration’s announcement of the establishment of a strategic bitcoin reserve. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. The passing of the GENIUS Act on July 17 provides a legal background to stablecoins. Other pending regulations — The CLARITY Act and The Anti-CBDC Surveillance State Act — bode well for cryptocurrency enthusiasts. However, bitcoin’s volatility is a headwind for MSTR.
The company’s disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, $0.7 billion each through Strike and Strife).
Strategy estimates to generate net proceeds of $2.474 billion from the initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (the “STRC Stock”), at a public offering price of $90 per share.
Strategy has issued $20.9 billion in equities and $6.4 billion in fixed income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed income securities and $0.1 million under equities as part of the existing plan. Strategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed income securities remaining to be issued.
Infusion of AI Features Aids MSTR’s Prospects
Strategy is expanding AI capabilities with the general availability of Mosaic, an AI-powered Universal Intelligence Layer. This launch aligns with the company’s shift toward cloud-first, subscription-based services.
Strategy is benefiting from growing software subscription revenues that surged 62% year over year to $37.1 million and accounted for 33% of first-quarter 2025 total revenues. Subscription billings grew 38% year over year to $24.5 million. Mosaic complements this growth by allowing customers to integrate data from over 200 sources, automate semantic modeling and deliver AI-ready insights across tools like Power BI, Tableau and Excel.
The company benefits from continuing cloud demand with its flagship Strategy One that powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Strategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across enterprises.
Strategy’s rich partner base that includes the likes of Amazon Web Services, Microsoft, STACKIT, and Google is a growth driver.
Earnings Estimates Revision Trend Steady for MSTR
For second-quarter 2025, the Zacks Consensus Estimate for MSTR’s loss has been steady at 12 cents per share over the past 30 days. The company reported a loss of 76 cents in the year-ago quarter.
MicroStrategy Incorporated Price and Consensus
For 2025, the Zacks Consensus Estimate for MSTR’s loss has been steady at $15.73 per share over the past 30 days. The company reported a loss of $6.72 per share in 2024.
Here’s Why MSTR Stock is a Hold Now
Strategy shares are overvalued, as suggested by the Value Score of F.
In terms of Price/Book, Strategy is trading at 3.0X compared with Mara Holdings’ 1.63X and Riot Platforms’ 1.78X, suggesting a premium valuation.
MSTR Vs. MARA Valuation
Image Source: Zacks Investment Research
MSTR Vs. RIOT Valuation
Image Source: Zacks Investment Research
Strategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is a concern.
Strategy currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
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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.

MicroStrategy Rises 131% in a Year: Buy, Sell or Hold the MSTR Stock?

SS&C Technologies (SSNC) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.32%. A quarter ago, it was expected that this financial services software maker would post earnings of $1.41 per share when it actually produced earnings of $1.44, delivering a surprise of +2.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
SS&C Technologies, which belongs to the Zacks Computer - Software industry, posted revenues of $1.54 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.32%. This compares to year-ago revenues of $1.45 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.
SS&C Technologies shares have added about 10.2% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for SS&C Technologies?
While SS&C Technologies has outperformed 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 SS&C Technologies was 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 the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.47 on $1.55 billion in revenues for the coming quarter and $5.87 on $6.19 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, Computer - Software is currently in the top 16% 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.
MicroStrategy (MSTR), another stock in the same industry, has yet to report results for the quarter ended June 2025. The results are expected to be released on July 31.
This business software company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of +84.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MicroStrategy's revenues are expected to be $112.15 million, up 0.6% from the year-ago quarter.
Should You Invest in SS&C Technologies Holdings, Inc. (SSNC)?
Before you invest in SS&C Technologies Holdings, Inc. (SSNC), 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SS&C Technologies (SSNC) Q2 Earnings and Revenues Top Estimates

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) where we have detected an approximate $166.6 million dollar outflow -- that's a 1.4% decrease week over week (from 109,700,000 to 108,200,000). Among the largest underlying components of IGV, in trading today Adobe Inc (Symbol: ADBE) is off about 0.1%, MicroStrategy Inc. (Symbol: MSTR) is up about 2.9%, and Synopsys Inc (Symbol: SNPS) is higher by about 0.6%. For a complete list of holdings, visit the IGV Holdings page » The chart below shows the one year price performance of IGV, versus its 200 day moving average:
Looking at the chart above, IGV's low point in its 52 week range is $75.96 per share, with $111.99 as the 52 week high point — that compares with a last trade of $111.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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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.

IGV, ADBE, MSTR, SNPS: ETF Outflow Alert

Key Points
A handful of publicly traded companies, including SharpLink Gaming, have now embraced the Ethereum treasury company model.
Just like the Bitcoin treasury company model, it relies on raising money from investors to buy crypto.
It remains to be seen if a strategy created for Bitcoin will be just as successful for Ethereum.
Something very interesting is going on with Ethereum (CRYPTO: ETH) right now. Small, relatively unknown companies are starting to add Ether, the native coin of the Ethereum blockchain, to their balance sheets as part of a new strategy designed to lift their stock market valuations. And so far, it's working.
Case in point: during the past 30 days, shares of SharpLink Gaming (NASDAQ: SBET) are up a whopping 150% (as of July 18). SharpLink Gaming has attracted so much attention with its new crypto strategy that it's almost certain to attract other companies as well.
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The Ethereum treasury company model
In a very short time, SharpLink Gaming has become the largest corporate holder of Ether coins on the planet. It now holds 280,706 coins, worth about $960 million at recent prices. To put that figure into perspective, that's more Ether than even the nonprofit Ethereum Foundation holds.
In early July, the company raised more than $400 million for its Ether war chest. After its latest buy in mid-July, it still has more than $250 million for future purchases, so it's likely that we'll be hearing more from SharpLink Gaming soon.
If this strategy sounds familiar, that's because the Ethereum treasury company model is a replica of the Bitcoin (CRYPTO: BTC) treasury company model pioneered by Strategy (NASDAQ: MSTR), the company formerly known as MicroStrategy. The concept is very simple: Instead of using cash from operations to fund crypto purchases, you tap the capital markets for funding. Once you have this funding lined up, you go on a crypto buying spree.
All of this works as long as the price of the cryptocurrency continues to go up. We've seen this work with Bitcoin, because the price of Bitcoin -- aside from a few pullbacks here and there -- has mostly gone up during the past 24 months. The same might be said for Ethereum, which is up 7% in 2025 (as of July 18) after registering losses for much of the year. It remains to be seen if Ethereum can deliver the same type of performance as Bitcoin, which is up 30% in the same period.
The growth of Ethereum treasury companies
For now, only a handful of publicly traded companies have adopted this strategy. Two other notable examples are Bitmine Immersion Technologies (NYSEMKT: BMNR) and Bit Digital (NASDAQ: BTBT). Both announced their pivots to this model in June.
Now that the groundwork has been laid, it's easy to see how other companies could be tempted to jump in. The price of Ether is still only $3,600, which makes raising money from investors easier than raising money to buy Bitcoin at about $120,000. The lower barrier to entry is likely to be much more attractive for small-cap companies with relatively limited access to the capital markets.
Should you invest in Ethereum treasury companies?
Right now, I have mixed feelings about SharpLink Gaming, which is also a marketing partner for sports betting books and online casino operators. Just look at this chart, and you'll see why I think it's a risky gamble:
In mid-2025, the company's stock had been flatlining. Nothing it did could get its stock price up. Until, of course, it latched on to the idea of investing in Ethereum.
And I'm not very enthusiastic about Bitmine Immersion Technologies, either. Granted, it now has renowned investment strategist Tom Lee of Fundstrat as its chairman. That gives it a lot of power to reach out to investors for more capital.
But what in the world is a Bitcoin mining company doing buying Ether? It doesn't make any sense to me. We can ask the same about Bit Digital, which is now winding down its Bitcoin mining operations. How can you be an evangelist for Ethereum when your core DNA is rooted in Bitcoin?
That's why I'm starting to appreciate Strategy more and more these days. While Michael Saylor, the founder and executive chairman of the company, can be a bit over the top in his predictions, he's a strong evangelist for Bitcoin. I get the impression that, from the moment he wakes up to the moment he goes to bed, he's thinking about Bitcoin. That's the type of person I want running a crypto treasury company.
So before you invest in an Ethereum treasury company, make sure you do your due diligence. Only a small handful of them may ever turn into long-term plays worthy of your investment.
Should you invest $1,000 in Ethereum right now?
Before you buy stock in Ethereum, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,056,790!*
Now, it’s worth noting Stock Advisor’s total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of July 15, 2025
Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prediction: SharpLink's Ethereum Move Is Just the Beginning

Key Points
Bitcoin continues to see strong demand from institutional investors, and appears to have the full backing of the Trump administration.
Ethereum could be a major beneficiary of new crypto legislation, especially if it leads to more activity in decentralized finance (DeFi).
While meme coins will likely soar in value alongside Bitcoin and Ethereum, long-term investors should look elsewhere for upside.
All lights appear to be flashing green for the crypto market right now. Bitcoin (CRYPTO: BTC) just hit a new all-time high of more than $123,000. New crypto legislation is making its way through Congress. And many are talking about "Stablecoin Summer."
In short, the stage could be set for a big year-end rally in the crypto market. Here are three cryptocurrencies that have the potential to soar during the next five months.
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Of course, the obvious pick is Bitcoin. Historically, Bitcoin has always led the market higher. So if you think that the crypto market is headed higher, then you need to think about buying Bitcoin, which accounts for a whopping 62% of the total value of the crypto market.
Institutional demand for Bitcoin remains strong. Money is once again surging into the spot Bitcoin exchange-traded funds (ETFs). At the same time, new Bitcoin treasury companies are launching left and right. These companies, modeled after Strategy (NASDAQ: MSTR), the original Bitcoin treasury company, are amassing billions of dollars to buy Bitcoin.
Moreover, Bitcoin is getting plenty of attention from the Trump administration. In many ways, the price of Bitcoin has become a proxy for the overall health of the crypto market and the success of the Trump administration's pro-crypto policies.
During "Crypto Week," President Donald Trump specifically linked the success of crypto to his overall campaign theme of "Make America Great Again." So I'm fully expecting a new push for an enhanced Strategic Bitcoin Reserve, as well as other moves that could send Bitcoin higher in the second half of the year.
If there's any cryptocurrency that comes close to Bitcoin in terms of support from the Trump White House, it's Ethereum (CRYPTO: ETH). If there is going to be a merger of traditional finance and blockchain finance, as many now expect, then Ethereum is going to be a big part of it.
Ethereum is still the go-to blockchain for decentralized finance (DeFi), where it holds a commanding 58% market share. Ethereum is also the primary blockchain for stablecoins, which have emerged as one of the hottest crypto success stories of the year. These are two areas of the crypto market that hold the highest appeal for Wall Street financial firms.
Keep in mind, though, that Ethereum is up less than 2% for the year (as of July 17). So Ethereum is much less of a slam dunk than Bitcoin. But there is one key development coming up soon that could light a fire under Ethereum, and that is the imminent passage of the Clarity Act.
The Clarity Act, which is one of the two pieces of legislation under review by Congress during "Crypto Week," provides specific guidance on how digital assets should be regulated. The thinking now is that the overall regulatory treatment will be very favorable, opening the door for institutions to offer a much broader array of crypto-related financial products. That could unlock even more demand for DeFi, thereby helping to push the price of Ethereum higher.
The one meme coin you should not buy
During any bullish cycle, crypto investors typically rotate into riskier and riskier investments, as they search for higher and higher returns. That usually means an embrace of meme coins, which are among the riskiest and most speculative cryptocurrencies out there. At the end of 2024, the same phenomenon occurred, as pro-crypto euphoria led to meme coin buying.
It's impossible to predict which meme coin will pop next, but it looks like Pudgy Penguins (CRYPTO: PENGU), the meme coin inspired by the Pudgy Penguins non-fungible token (NFT) collection, could lead the way. In the past week, Pudgy Penguins soared as much as 60%. That happened after Coinbase Global (NASDAQ: COIN) briefly changed its social media profile photo to a Pudgy Penguin. Crypto influencers and some crypto firms followed suit, showing their support for the meme coin.
I've written before about the perils of investing in dog-themed meme coins. Those warnings are even stronger for penguin-themed meme coins.
Buying priorities
If you are choosing which cryptocurrency to buy next, the clear choice is Bitcoin. If history is any guide, Bitcoin has the ability to perform well during periods of extreme market uncertainty. So, even if you are expecting market turmoil ahead due to tariffs, Bitcoin could provide a hedge. The same cannot be said for Ethereum, or any other altcoin.
There's no guarantee, of course, that Bitcoin will soar during the next few months. However, both Bernstein and Standard Chartered have recently come out with $200,000 price predictions for Bitcoin, so it definitely has the potential to double in value. If you're willing to accept the risks of investing in crypto, then Bitcoin could be a great way to turbocharge the performance of your portfolio in 2025.
Should you invest $1,000 in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,060,406!*
Now, it’s worth noting Stock Advisor’s total average return is 1,069% — a market-crushing outperformance compared to 180% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of July 15, 2025
Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Walmart. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Cryptocurrencies That Could Soar in the Second Half of 2025

Key Points
Bitcoin and Ethereum have performed very differently this year.
Bitcoin has continued to reach new all-time highs.
Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.
Despite being the two largest cryptocurrencies in the world, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have been on very different paths this year. Bitcoin is up more than 26% (as of July 17), while Ethereum is up less than 2%.
Bitcoin is considered a bellwether for the industry, but this year has really diverged. This leaves investors with a difficult proposition when picking between the two: buy the asset that just went on a strong run and hit all-time highs, or the one that has underperformed and could close the gap as a value play? Which cryptocurrency is more likely to be a millionaire maker, Bitcoin or Ethereum?
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Bitcoin: Digital gold and a flight to safety?
Bitcoin has soared since President Donald Trump won the election back in November. Trump positioned himself as a crypto advocate during his campaign, and he's held that position since taking office, with several Trump-backed organizations delving into the crypto world with their own crypto businesses.
Trump has surrounded himself with crypto advisors and installed pro-crypto officials in his cabinet, most notably at the U.S. Securities Exchange Commission (SEC). The SEC, which was a lot tougher on crypto during former President Joe Biden's administration, has since dropped or settled many of its landmark cases against major crypto firms, while removing regulations that impeded growth.
This has opened the door for the mainstream financial world to get more involved in crypto, whether it's offering custody services, more cryptocurrencies for sale on popular brokerages, or more willingness for institutions to buy and trade crypto.
Bitcoin, as the most well-known cryptocurrency, is an obvious place to start and therefore will likely benefit from these prices. Trump also announced the creation of a U.S. Strategic Bitcoin Reserve that will hold Bitcoin already in custody by the U.S. government and look for budget-neutral ways to purchase more Bitcoin.
Bitcoin also seems to be benefiting as more investors view it as a form of digital gold and therefore a hedge against inflation, with its finite supply of a maximum of 21 million coins, of which 19.9 million have already been mined. Regular gold has ripped in recent years, as investors grow increasingly concerned about the country's finances. The U.S. government now holds more $36.5 trillion in debt and has accumulated a $1.34 trillion deficit thus far in fiscal year 2025 after running a $1.83 trillion deficit in fiscal 2024. Geopolitical uncertainty has also made gold and potentially Bitcoin more attractive.
Ethereum: Are the advantages real?
Ethereum does not offer the same digital gold proposition as Bitcoin, but investors have largely viewed it favorably. For one, the network became the go-to place for developers to build smart contracts -- agreements that self-executive when certain terms are met. Many developers have also built their own tokens like Shiba Inu on Ethereum's network.
Several years ago, many began to criticize the high energy usage of cryptocurrencies due to the proof-of-work mining consensus mechanism needed to validate and mint new blocks. Ethereum then executed a multiyear project to convert to a proof-of-stake system, in which Ethereum holders stake their tokens to have a chance to validate and mint new blocks. Through this process, investors could earn yield on their tokens being staked, leading some like Cathie Wood to suggest that Ethereum has "attributes" similar to that of U.S. Treasury bills.
However, Ethereum has long struggled with congestion issues on its network, and competitors like Solana seem to pose a rising challenge. Furthermore, Ethereum seems to have lagged this year due to some of the same challenges that tech stocks have encountered like high interest rates and geopolitical uncertainty.
On the plus side, several companies have begun deploying crypto treasury strategies for Ethereum similar to Michael Saylor's Strategy. Many like top investment strategist Tom Lee also see immense potential for the network due to the rise of stablecoins, which have become a popular topic of discussion since stablecoin issuer Circle went public earlier this year and saw its stock soar. The two largest stablecoins, Tether and USDC, are both hosted on Ethereum's network.
Which is more likely to make you a millionaire?
In my opinion, Bitcoin and Ethereum are really the only two cryptocurrencies that investors can safely buy and hold in their portfolios. Both are likely to remain somewhat volatile, and both offer strong use cases.
But if I had to pick one, I am still going to choose Bitcoin. Whether it turns out to be true or not, a sizable portion of investors believe Bitcoin is a form of digital gold and the token's resilience through market turbulence, as well as a decrease in volatility, largely supports this narrative. This makes Bitcoin unique in that it can offer a form of diversification.
Furthermore, BlackRock, the largest asset manager in the world, has said that it's OK to allocate as much as 2% of a multi-asset portfolio to Bitcoin, which could make it a more common holding in the typical portfolio. Again, I think it's perfectly fine to own Ethereum, but Bitcoin really seems like it has achieved a level of acceptance that few, if any, cryptocurrencies will be able to replicate.
Should you invest $1,000 in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,060,406!*
Now, it’s worth noting Stock Advisor’s total average return is 1,069% — a market-crushing outperformance compared to 180% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of July 15, 2025
Bram Berkowitz has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Bitcoin vs. Ethereum

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MicroStrategy Inc. (Symbol: MSTR), where a total of 975,430 contracts have traded so far, representing approximately 97.5 million underlying shares. That amounts to about 770.7% of MSTR's average daily trading volume over the past month of 12.7 million shares. Especially high volume was seen for the $460 strike call option expiring July 18, 2025, with 56,591 contracts trading so far today, representing approximately 5.7 million underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $460 strike highlighted in orange:
UnitedHealth Group Inc (Symbol: UNH) saw options trading volume of 262,832 contracts, representing approximately 26.3 million underlying shares or approximately 222.7% of UNH's average daily trading volume over the past month, of 11.8 million shares. Especially high volume was seen for the $285 strike call option expiring July 18, 2025, with 12,759 contracts trading so far today, representing approximately 1.3 million underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $285 strike highlighted in orange:
And Madison Square Garden Entertainment Corp (Symbol: MSGE) saw options trading volume of 8,016 contracts, representing approximately 801,600 underlying shares or approximately 201% of MSGE's average daily trading volume over the past month, of 398,720 shares. Especially high volume was seen for the $20 strike call option expiring July 18, 2025, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of MSGE. Below is a chart showing MSGE's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for MSTR options, UNH options, or MSGE options, visit StockOptionsChannel.com.
TAS Historical Stock Prices
ETFs Holding TEN
Emerson Electric Average Annual Return
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: MSTR, UNH, MSGE

Below is Validea's guru fundamental report for MICROSTRATEGY INC (MSTR). Of the 22 guru strategies we follow, MSTR rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent intermediate-term relative performance.
MICROSTRATEGY INC (MSTR) is a mid-cap growth stock in the Software & Programming industry. The rating using this strategy is 77% 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 MICROSTRATEGY INC
More Information on Wesley Gray
About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". He is also the author (along with co-author Tobias Carlisle) of "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors". He is an industry recognized expert in the application of quantitative investing strategies. Wes is also a former Marine and has his Phd from the Univerisity of Chicago, where he studied under Nobel Prize winner Eugene Fama.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.