Stock Market & Financial News
TRON records 3.93M active addresses in a single day, surpassing BNB Chain, Solana, and Ethereum
TRON's surge in active addresses highlights its dominance in stablecoin transfers, but sustained growth is key for long-term investor confidence. TRON records 3.93M active addresses in a single day, surpassing BNB Chain, Solana, and Ethereum.
Crypto News, June 24: Crypto Chaos as BTC USD Tumbles with Chip Stocks, ETH Foundation Axes Staff, Rate Hike Looms
Crypto is stabilizing after BTC slid alongside tech stocks, while ETH USD continued its frustrating trend of underperforming expectations.
Hammond Power Solutions: Transformer Demand Makes The Premium Worth Paying
Hammond Power Solutions earns a buy rating, justified by strong demand visibility and a premium valuation reflecting a structural demand cycle. HMDPF benefits from surging demand in data centers, renewables, EV charging, and grid upgrades, evidenced by record Q1 2026 sales and a 95% y/y backlog increase. Scale, capacity expansion, and technical customization position HMDPF to capture large project orders and maintain delivery certainty in a tight market.
HMDPF CryptoQuant Says Strategy Should Pause Bitcoin Buys And Rebuild Cash Reserves
CryptoQuant Says Strategy Should Pause Bitcoin Buys And Rebuild Cash Reserves TL;DR CryptoQuant says Strategy should pause Bitcoin purchases and rebu
SpaceX Deep Dive: This Dip Is My Cue To Buy
SpaceX commands a unique market position with an unmatched $28.5 trillion TAM, spanning space, connectivity, and AI ambitions. I'm initiating SPCX with a buy rating, despite its premium valuation, due to its sustainable growth trajectory and lack of near-term earnings cliffs. SPCX's dominance is underscored by its NASA certification and first-mover advantage in private orbital launches, outpacing distant competitors like Blue Origin.
SPCX 
Elon Musk loses trillionaire status as SpaceX, Tesla selloff wipes out billions
Elon Musk is no longer a trillionaire after sharp declines in SpaceX and Tesla shares wiped out more than $150 billion from his fortune and dragged his net worth below the $1 trillion mark. According to Bloomberg's Billionaires Index, Musk's wealth stood at $957 billion on Wednesday, down from the historic milestone he crossed earlier this month after SpaceX's blockbuster initial public offering propelled him into the trillionaire club.
TSLA 
Veeva Systems: The AI Thesis Is More Tangible Now
Veeva Systems remains a Buy, with core revenue and subscription growth in the mid-teens and a compelling ~16x NTM PE valuation. Falcon, VEEV's agentic labor AI platform, makes the AI opportunity tangible, offering automation for compliance-sensitive, high-volume workflows in life sciences. R&D and Quality subscription revenue outpaces consolidated growth at 19% y/y, while Commercial gains traction with over 150 live Vault CRM customers.
VEEV 
Ørsted: Moving Towards The Future
Ørsted stands poised for growth as Europe accelerates offshore wind investment and energy independence initiatives. Q1 2026 saw $1.45 billion USD EBITDA, 93% asset availability, and a 98% renewable generation share, highlighting DNNGY's operational strength. Ørsted's project pipeline adds 4.8 GW over two years, with major deals like the $6.5 billion Hornsea 3 stake sale validating portfolio value.
DOGEF 
AUD/USD Price Forecast: More downside looks likely towards 0.6830
AUD/USD Price Forecast: More downside looks likely towards 0.6830
Quantinuum (QNT) Stock Surges 13% Following Trump's Quantum Computing Executive Orders
Quantinuum (QNT) shares closed Tuesday's trading session at $77.46, marking a 13.46% gain and nearing its 52-week peak of $77.84. The rally followed President Trump's signing of two executive orders centered on quantum technology advancement and cybersecurity concerns.
Edgewell Personal (EPC) Surges 15.4%: Is This an Indication of Further Gains?
Edgewell Personal (EPC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
EPC 
Robinhood stock decouples from Bitcoin after months of tight correlation
HOOD trades near $103 as Robinhood breaks from Bitcoin's price trend, helped by prediction markets, AI tools and a $2b debt raise.
Not Buying More Bitcoin: Here Is How Michael Saylor Can Actually Save Strategy
Strategy's business model has come under a barrage of harsh criticism from experts. Well-known analyst Charles Edwards openly called Michael Saylor's strategy a "ticking time bomb" that fully depends on the continuous growth of Bitcoin's price and risks exploding during a prolonged market decline.
Prospect Capital: The Preferred Shares Are Overpriced Versus The Bonds
Prospect Capital Corporation offers perpetual, cumulative preferred shares with a 5.35% coupon and 7.9% current yield. PSEC common equity trades at a >50% discount to NAV, reflecting market skepticism about balance sheet quality and portfolio marks. PSEC.PR.A's yield is lower than PSEC's long-dated bonds, despite greater risk in bankruptcy, making the preferred equity unattractive on a risk/reward basis.
PSEC 
New Strong Buy Stocks for June 24th
BY, NVGS, NBIX, TFII and BG have been added to the Zacks Rank #1 (Strong Buy) List on June 24th, 2026.
BG 
RBNZ Hike Bets Collapse as NZD/USD Accelerates Toward Critical 0.5580 Support
New Zealand Dollar has emerged as one of the weakest major currencies this week, with NZD/USD breaking to a multi-month low as a combination of global risk aversion, broad-based Dollar strength, and rapidly fading expectations of near-term Reserve Bank of New Zealand tightening weigh heavily on the currency. The selloff has accelerated notably in recent sessions, reflecting a sharp reversal from the narrative that supported Kiwi during April and May.
USDCAD, EURUSD Price Outlook: Long-Term Setups Emerge as DXY Tests 13-Month Highs
Signs of overbought daily momentum, last seen in March 2026 and previously throughout 2025, are now appearing across several major dollar-related charts:
Ethereum Foundation cuts 20% of staff as ETH sinks 44% YTD despite record usage
The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward records its highest-ever levels of user activity and attracts deeper participation from major financial institutions.
Bitcoin Gift Tax Case Sent Back by Korea Tribunal
Korea's Tax Tribunal has ordered a reinvestigation into a gift tax assessment levied on Bitcoin that was transferred through a spouse's account, sending the dispute back for further fact-finding rather than issuing a final ruling on the merits.
New Strong Sell Stocks for June 24th
CWCO, GSL and MTH have been added to the Zacks Rank #5 (Strong Sell) List on June 24th, 2026.
CWCO 
Haydale shares surge 44% as combined group lifts revenue 463%
Shares in Haydale Graphene Inds PLC (LSE:HAYD, OTC:HDGHF, FRA:6HG) jumped 44% to 0.0065p after the advanced materials and clean-technology group reported a sharp rise in revenue, reflecting its first full quarter as an enlarged business. The AIM-listed company said revenue for the six months to 31 March rose 463% to £2.25 million, up from £400,000 a year earlier.
FRA 
Ripple exec: crypto payments may be where e-commerce was in 2000
Ripple executive Reece Merrick says crypto payments are following e-commerce's path as stablecoins and payment rails mature worldwide.
Cardano's worst wallet crisis yet? Users lose 16M ADA
Cardano users have lost ADA and NFT, after an attacker gained access to compromised private keys from the SecondFi wallet.
Best Growth Stocks to Buy for June 24th
HRB, DVA and PBI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 24th, 2026.
DVA 
Arthur Hayes: Bitcoin (BTC) May Plunge to $40K Before Historic Rally Begins
Bitcoin currently hovers near $62,000, confronting headwinds from various market forces. Arthur Hayes, the co-founder of BitMEX, has articulated a near-term pessimistic outlook while simultaneously maintaining conviction in long-term appreciation.
Israel-based Ratio Petroleum to acquire Pharos Energy
Ratio Petroleum Energy LP has agreed to buy Pharos Energy plc in an all-cash deal valued at £124.3 million, or $164 million, giving the Israel-based energy company access to production assets in Egypt and Vietnam.
SOCLF 
Eos Energy Enterprises, Inc. (EOSE) Presents at J.P. Morgan Natural Resources Conference 2026 Transcript
Eos Energy Enterprises, Inc. (EOSE) Presents at J.P. Morgan Natural Resources Conference 2026 Transcript
EOSE 
Valaris: Small Arbitrage Play Short-Term, Large Consolidated Upside Long-Term
Valaris remains a Strong Buy, supported by robust fleet quality, stable OPEX, and favorable medium-term rate dynamics. The Transocean all-stock merger offers a 4.8% arbitrage upside, with regulatory approvals progressing and minimal integration costs expected. Recent revenue and EPS misses are attributed to temporary fleet idle days, not structural weakness; VAL backlog growth signals utilization rebound to ~80% in H2.
VAL 
CryptoQuant tells Strategy to stop buying Bitcoin as STRC cracks
CryptoQuant urges Strategy to pause Bitcoin buys as STRC stress grows, cash reserves fall and dividend coverage shrinks to 14 months.
Euro extends downfall against US Dollar amid firm Fed hike bets
Euro extends downfall against US Dollar amid firm Fed hike bets
