House Rep. Luna says criminally referring Powell to DOJ
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Business Insider
an hour ago
- Business Insider
Wall Street Sees Over 30% Upside in MSTR Stock Ahead of Q2 Results
Strategy (MSTR), the largest corporate owner of Bitcoin in the world, is scheduled to announce its results for the second quarter of 2025 on Thursday, July 31. MSTR stock has rallied 40% year-to-date and over 140% over the past year, mainly due to its large Bitcoin holdings and the rise in crypto prices. Growing interest in Bitcoin ETFs and steady gains in its software business have also helped lift the stock. Ahead of the results, Wall Street remains upbeat on MSTR stock, projecting over 30% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What to Watch on July 31 The company, earlier known as MicroStrategy, is expected to report a narrower loss per share of $0.10 for Q2 2025 compared to $0.57 per share in the prior-year quarter. Analysts expect MSTR to report Q2 revenue of $13.65 million, reflecting a year-over-year growth of 2%. Investors will be watching for management's comments on its Bitcoin strategy, along with any updates on the company's software business. Top Analyst's Views about MSTR Stock Ahead of Q2 results, Top analyst Lance Vitanza of TD Cowen raised his price target on MSTR stock to a Street-high of $680, up from $590, and kept a Buy rating. Vitanza believes Bitcoin could hit $155,000 by December, which could push MSTR stock much higher, since it closely follows Bitcoin's price. Looking ahead, the analyst expects MSTR to keep buying more Bitcoin using funds raised through the capital markets. Is MicroStrategy a Good Stock to Buy? Strategy (formerly known as MicroStrategy) continues to win over analysts. According to TipRanks, the stock currently holds a Strong Buy rating based on 12 analyst reviews: 11 Buys, zero Holds, and just one lonely Sell. The average 12-month MSTR price target is $541, implying 33.29% upside potential.
Business Insider
an hour ago
- Business Insider
‘It's an Easy Call,' Says Top Investor About Palantir Stock
Palantir (NASDAQ:PLTR) stock, like any investment, requires weighing the potential rewards against the risks. While the company continues to perform exceptionally well, the primary – and arguably only – factor giving investors pause is its elevated share price. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. That concern hasn't slowed the stock's momentum. Palantir shares have surged by over 500% in the past 12 months, and late last week, the company reached yet another record high. Its valuation multiples now tower over sector medians by thousands of percentage points, raising questions about whether the fundamentals can keep pace with investor enthusiasm. Next week's Q2 earnings report, scheduled for August 4th, could provide a timely reality check. It offers a critical opportunity for the company to justify its lofty valuation – or fall short of the market's high expectations. Top investor Rick Orford, who's ranked among the top 1% of stock pickers on TipRanks, is leaning toward the former scenario. He anticipates another upswing in PLTR shares following the earnings release, making it an easy call given the current trajectory. 'Should Palantir hit its Q2'25 targets – and with how the wind is blowing, that could happen – I think Palantir shareholders will be pleased. His optimism is rooted in both historical performance and Palantir's current momentum. Historically, the stock has swung an average of 17.5% following earnings – a double-edged sword, but one that Orford believes will cut favorably this time. Central to that belief is the company's AI Platform (AIP), which helped drive a 39% year-over-year revenue increase last quarter. That growth has been especially notable in Palantir's U.S. commercial segment, where AIP adoption led to a 71% revenue spike in Q1. According to Orford, this surge reflects a broader trend: companies across the country are scrambling to implement AI but often lack the in-house expertise. Palantir's AIP provides them with a ready-made solution. 'American enterprises are most likely desperate to implement AI solutions, but not all of them have the technical expertise to do so. With AIP, these enterprises get what they need to implement custom AI into their operations,' the investor explains. Orford also sees Palantir's government work as a key stabilizing force. Its deep ties to the U.S. defense sector – with multi-year, high-margin contracts – offer a steady revenue stream that cushions any slowdown in the private market. 'Palantir checks all the boxes of an exciting, growing company that's at the intersection of two major trends: enterprise AI adoption and national defense modernization,' the investor sums up. 'Analysts say Hold, but history says otherwise.' Unsurprisingly, Orford gives PLTR shares a Strong Buy rating. (To watch Orford's track record, click here) The analyst consensus on PLTR is indeed a Hold, based on 10 Hold ratings, 4 Buys, and 3 Sells. The average 12-month price target stands at $109.50, implying a 31% downside from current levels. (See PLTR stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
The Hill
2 hours ago
- The Hill
Democrats hear some criticism as redistricting talk picks up
Outside groups are raising concerns that Democrats risk violating the Voting Rights Act with redistricting plans, creating a new problem for the party as it seeks to answer GOP efforts to redistrict its way to more power. Democrats say they have to take action to draw new House districts in states they control in response to power plays by a Trump-driven GOP in Texas and other states. But the tit-for-tat has left groups leaving the door open to litigation. They also are making a moral case, arguing Democrats are thwarting the democratic process. 'This is dead wrong from a democracy perspective, I think it's very problematic for Democrats from a political strategic perspective,' explained Dan Vicuna, director of voting and fair representation at Common Cause. California Gov. Gavin Newsom is the only Democratic governor so far to signal he's considering several ways to counter the GOP's efforts in Texas. Speaking to reporters on Friday, Newsom said any move by California 'is predicated on Texas moving forward' with its own redistricting plan, which some have seen as a way for the Lone Star State to make it more likely to hold on to five House seats. Several other Democratic governors, including Govs. Kathy Hochul of New York, Phil Murphy of New Jersey and JB Pritzker of Illinois have left the door open to possibly changing their maps. The GOP may also not be done. The White House is reportedly pushing Missouri to consider redrawing its map. Civil rights and voting groups are worried actions by both parties could undermine or weaken the political power of historically marginalized minority communities. The issue is a thorny one for Democrats, who have positioned themselves as the prodemocracy party and championed racial justice initiatives. At the same time, Democratic states just like Republican states have been sued by civil rights groups over Voting Rights Act violations. Both Democrats and Republicans have also been found guilty of creating gerrymandered maps. 'We have sued both Democrats and Republicans on these issues,' said Thomas A. Saenz, president and general counsel of Mexican American Legal Defense and Educational Fund. 'So yes, we are concerned that when leaders of either party seek to take maximum advantage, partisan advantage of redistricting, they often neglect, if not ignore, the imperatives of the Voting Rights Act with respect to reliably Democratic voting groups.' Some groups are also frustrated given efforts by blue states to move beyond gerrymandering. 'Independent commissions like the gold standard in California were created specifically to avoid what's being considered here, which is voting maps drawn for the sole purpose of protecting incumbent politicians and political party interests to the exclusion of community needs and community feedback,' Vicuna said. California Common Cause was intimately involved in the creation of California's independent commission. It could be difficult for some Democratic-held states to answer Texas. Several would likely need to change their state constitution and work around their respective redistricting commissions. Should the Lone Star State craft new House lines, John Bisognano, president of the National Democratic Redistricting Committee and its affiliates, in a statement said they would be met 'with a wall of resistance and a wave of legal challenges.' His statement did not address Democratic-led states mulling their own midcycle redistricting. Democrats argue that if Republicans are headed down that road, nothing should be off the table for them as well. 'Republicans should be careful what they ask for,' Rep. Suzan DelBene (D-Wash.), chair of the House Democrats' campaign arm, told The Hill in a statement. 'And if they go down this path? Absolutely folks are going to respond across the country. We're not going to be sitting back with one hand tied behind our back while Republicans try to undermine the voices of the American people.' Democrats are also leaning into the issue of democracy, saying the longevity of the country is at stake if the party does not respond. Newsom painted the situation in grim terms, saying on Friday, 'I believe that the people of the state of California understand what's at stake. If we don't put a stake into the heart of this administration, there may not be an election in 2028.' 'We can sit back and act as if we have some moral superiority and watch this 249, almost 250-year experiment be washed away,' Newsom said. 'We are not going to allow that to happen. We have agency, we can shape the future.' Civil rights and voting-focused groups, however, are concerned about the ramifications midcycle redistricting could have moving forward, including the possibility of what was once considered a decennial process after each U.S. census turning into a cyclical issue. 'One of the concerns that we have is, even if blue states have power and have a majority in their legislature to redraw maps, our concern is that this could set a bad precedent, because those states could, at the same time, flip in the future,' said Jose Barrera Novoa, vice president of the far west for the League of United Latin American Citizens. 'And the same thing is going to happen where … other parties are going to look to redraw the map midcycle or even quarterly. Who knows?' he asked. 'It's all hypothetical, yet it's still very possible.' Not only could a potential redistricting tit-for-tat raise questions over whether this could be repeated in the future, experts also worry about the financial toll it could take on their resources and voters themselves. 'These are judges managing these cases, hearing these cases. Many of these people are paid out by state funds, and federal cases, of course, are also paid by voters directly,' explained Celina Stewart, CEO of the League of Women Voters, noting cases that use taxpayer funds. 'Do we really want to spend this time doing this highly unusual activity when we're all going to have to pay for it?'
