Home Blog Page 328

PACCAR (PCAR) Gains from “HALO Trade”

By
moneyvests
-
0
PACCAR (PCAR) Gains from “HALO Trade”


Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.

Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:

“The top five contributors for the quarter were Keysight Technologies, Analog Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the “HALO trade” during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits.”

BNP Paribas Starts PACCAR (PCAR) at Neutral, Cites Improving European Orders

PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.



Source link

‘It’s actually awesome’ – Binance’s CZ backs Hyperliquid but warns of THIS

By
moneyvests
-
0
‘It’s actually awesome’ – Binance's CZ backs Hyperliquid but warns of THIS


Binance founder Changpeng Zhao (CZ) has hailed popular decentralized exchange (DEX) Hyperliquid.

In a recent interview with Galaxy Digital Head of Research Alex Thorn, CZ said, 

I think the Hyperliquid invention is actually awesome. They occupy a niche that Binance cannot compete with. They don’t have KYC.

KYC (know your customer) is part of anti-money laundering (AML) and illicit flows mechanisms that most centralized exchanges are required to maintain. By extension, they also become useful tools for implementing sanctions by governments. 

However, CZ smirked at the DEX, adding that, 

They claim they’re decentralized… I would never do what they do, given what I’ve experienced… I assume they have good lawyers.

This was likely a reference to his sentencing and $4B Binance fine for weak AML systems. 

Mixed reactions to CZ’s Hyperliquid comment

Some highlighted the comment as an acknowledgement that Hyperliquid is a strong Binance rival.

But OKX founder, Star Xu, slammed CZ for not learning his lesson, citing his public support for Aster, another DEX similar to Hyperliquid [HYPE].

Is CZ lying to the public again? As he said, he is fully aware of the legal and regulatory risks. Yet a shell called Aster DEX was created that appears to copy the HyperliquidX model almost exactly.

Hyperliquid HYPE
Source: X

Worth pointing out, these two have been beefing for a while. In fact, it appears personal given that Star Xu is the former boss of CZ. 

But beyond the personal tiff, his statement is true on CZ’s backing of Aster as an answer to Hyperliquid’s moat. 

However, Hyperliquid has a lobby arm, Hyperliquid Policy Center (HPC), aimed at pushing for U.S regulatory clarity. In fact, it has begun banning sanctioned entities. 

HYPE ETFs flows rebound

Separately, the U.S. spot ETF demand has rebounded this week. The products attracted $26M in the past two days, effectively lifting HYPE to another new all-time high of $76.9. 

Hyperliquid CZHyperliquid CZ
Source: SoSo Value

Notably, asset manager Bitwise said that it currently stakes 1 million HYPE for its spot ETF product (BHYP). According to the firm, this was part of its 7.8M HYPE being staked via its validator services. 

HYPE has been consolidating between the $60-$75 range for a while. If the broader market sentiment improves after the Fed rate decision, bulls could push the altcoin higher. If so, $80 and $100 levels could be feasible targets. 

Hyperliquid Hyperliquid
Source: HYPE/USDT, TradingView 

Final Summary

  • CZ backed Hyperliquid but warned that it could face regulatory pressure as Binance did. 
  • HYPE price printed a new all-time high amid renewed spot ETF inflows 

 



Source link

Here is how Coinbase plan to survive the crypto winter by ditching its reliance on trading fees

By
moneyvests
-
0
Here is how Coinbase plan to survive the crypto winter by ditching its reliance on trading fees

Coinbase’s (COIN) latest product launch event may not have changed Wall Street’s near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming itself into a broader financial platform with revenue streams that extend beyond bitcoin’s price cycles.

At Tuesday’s System Update event in New York, Coinbase unveiled products spanning derivatives, tokenized stocks, stablecoin payments, lending and artificial intelligence. While the announcements covered a wide range of businesses, analysts focused less on the individual products and more on what they reveal about the company’s long-term strategy.

For years, Coinbase’s fortunes have been closely tied to crypto trading activity. When bitcoin BTC$65,285.01 rallies and retail investors return to the market, trading revenue tends to surge. During slower periods, that revenue can fall sharply. Analysts increasingly view Coinbase’s product expansion as an effort to reduce that dependence.

“The new features are aligned with the company’s effort to become the ‘everything’ exchange,” Barclays analyst Benjamin Budish wrote following the event, adding that the company is seeking to capture a larger share of customers’ financial activity as crypto trading volumes remain relatively subdued.

Cantor Fitzgerald analyst Ramsey El-Assal struck a similar tone. While acknowledging softer conditions across crypto markets, he said Coinbase’s “innovation engine hasn’t skipped a beat” and argued that the company is positioning itself to benefit from a future where consumers manage investing, spending and borrowing through a single app or wallet.

‘The prize’

What stood out to analysts among Coinbase’s myriad new product launches was derivatives.



Source link

Opinion: Three powerful forces are draining family wealth — and your estate plan is completely unprepared

By
moneyvests
-
0
Opinion: Three powerful forces are draining family wealth — and your estate plan is completely unprepared

Last Updated:
First Published:

The largest wealth transfer in human history is

moving through American families right now. The wealth itself is real, accumulated by the baby boomer generation through four decades of strong stock markets, real-estate appreciation and pension benefits.

The money exists. What’s at stake is how much of it will actually reach the heirs it was meant for.



Source link

Snap breaks from the pack with heavy $2,195 smart glasses. Wall Street is panning the move.

By
moneyvests
-
0
Snap breaks from the pack with heavy $2,195 smart glasses. Wall Street is panning the move.

Published:

Snap CEO Evan Spiegel is deepening his bet on augmented-reality glasses — but investors aren’t buying the pitch.

The Snapchat parent company

SNAP got into the technology-infused glasses game relatively early, debuting its first Spectacles about a decade ago. And on Tuesday, Snap revealed Specs, a new version of the glasses — this time with a $2,195 price tag.



Source link

Crypto industry aghast at Illinois’ new tax on holding or transferring digital assets in state budget

By
moneyvests
-
0
Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget

The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in the short-term.

The law enacts a 0.2% tax on “receiving any digital asset business activity,” according to the text of the bill, which defined digital asset business activity as “any single occurrence of exchanging, transferring or storing a digital asset as part of a business or on behalf of a customer.”

The tax applies to firms that are based in Illinois or provide services to residents of the state with total gross receipts of at least $100,000. The tax is expected to raise around $60 million, said a person following the process.

The provision was added last-minute to Illinois’ broader budget bill, according to two people following the matter, and was approved by Governor J.B. Pritzker on June 16, according to the bill’s status page. The legislation creates a roughly $56 billion budget for the 2027 fiscal year and also includes new taxes on fantasy sports, social media and other areas, ABC 7 reported.



Source link

EDGE gains 12% as traders pile in – Can edgeX bulls overcome THIS risk?

By
moneyvests
-
0
EDGE gains 12% as traders pile in – Can edgeX bulls overcome THIS risk?


edgeX [EDGE] climbed to a local high after rallying 12% over the past 24 hours.

Bullish sentiment remained strong across the market. Community sentiment data showed that roughly 95% of 5,300 voters expected further upside.

Are traders still betting on more upside?

Capital continued flowing into edgeX’s perpetual market, reinforcing the bullish outlook. At press time, traders had added $3.1 million in fresh positions, pushing Open Interest to $18.9 million.

Funding Rate data also remained positive. CoinGlass recorded the metric at 0.0245%, suggesting most leveraged traders continued positioning for gains.

EgdeX open interest weighted funding rate.
Source: CoinGlass

However, the Funding Rate remained relatively moderate, indicating speculation had not yet reached extreme levels. That left traders focused on whether fresh capital would continue entering the market.

Can EDGE break above resistance?

Chart data showed edgeX trading at a key resistance zone. The level also aligned with a supply area within its ascending channel. Price reacted lower after testing the zone, with sellers regaining short-term control.

EdgeX price chart.EdgeX price chart.
Source: TradingView

Even so, a breakout above resistance could open the path toward $0.48.

Sustained buying momentum could then push the altcoin to $0.51. A stronger rally may extend gains toward $0.58.

The Bull Bear Power indicator supported this scenario. It printed a third consecutive green bar, suggesting buying strength continued building.

Why are holders leaving the market?

Despite the rally, holder data painted a more cautious picture.

The number of holders declined from 22,570 to 18,150 over the past month. The drop suggested investors continued reducing exposure rather than accumulating.

On top of that, Spot Netflow data showed persistent selling pressure.

Netflows over the past 24 hours, three days, and five days reached $127,800, $157,400, and $16,020, respectively, indicating capital continued leaving the market. Continued outflows could limit EDGE’s upside potential, especially if buying demand begins to weaken.

 



Source link

1...327328329...492Page 328 of 492