Podcast: Stocks Rise Despite Shaky Start for Iran-Israel Cease-Fire
All three major U.S. stock indexes ended the day higher as Israel and Iran's cease-fire got off to a shaky start. Meanwhile, Federal Reserve Chair Jerome Powell testified before Congress, reaffirming the central bank's wait-and-see stance on rate cuts. Plus: Uber shares rose after the company launched its robotaxi partnership with Waymo.
🎧 Listen: Danny Lewis hosts the Minute Briefing podcast.
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21 minutes ago
- Yahoo
Undiscovered Gems In The Middle East To Watch This June 2025
As Middle Eastern markets experience a surge, with Gulf shares climbing amid the Israel-Iran ceasefire and Dubai reaching a 17-year high, investors are increasingly turning their attention to potential opportunities in this dynamic region. In such an environment, identifying stocks that demonstrate strong fundamentals and resilience can be key to navigating these promising yet complex markets. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Sure Global Tech NA 11.95% 18.65% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi 40.12% 43.54% 38.87% ★★★★★★ Vakif Gayrimenkul Yatirim Ortakligi 0.00% 50.97% 56.63% ★★★★★★ Gür-Sel Turizm Tasimacilik ve Servis Ticaret 6.88% 51.77% 67.59% ★★★★★☆ MIA Teknoloji Anonim Sirketi 17.80% 49.41% 66.89% ★★★★★☆ Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi 2.02% -10.23% 74.54% ★★★★☆☆ Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi 12.49% -23.32% 41.51% ★★★★☆☆ Dogan Burda Dergi Yayincilik Ve Pazarlama 64.82% 46.23% -12.39% ★★★★☆☆ Izmir Firça Sanayi ve Ticaret Anonim Sirketi 43.01% 40.80% -34.83% ★★★★☆☆ Click here to see the full list of 218 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's uncover some gems from our specialized screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Izmir Firça Sanayi ve Ticaret Anonim Sirketi is engaged in the production and sale of various cleaning materials and painting brushes both in Turkey and internationally, with a market capitalization of TRY10.34 billion. Operations: Izmir Firça generates revenue primarily from its Building Products segment, amounting to TRY323.37 million. The company's financial performance is characterized by its gross profit margin trend, which provides insights into its cost management and pricing strategies. Izmir Firça Sanayi ve Ticaret Anonim Sirketi has seen its debt to equity ratio improve significantly, dropping from 100.8% to 43% over the past five years. Despite this progress, the company reported a net loss of TRY 21.18 million for Q1 2025, widening from TRY 13.07 million the previous year, with sales falling to TRY 86.52 million from TRY 117.6 million a year ago. Interest payments are well covered by EBIT at five times coverage, indicating financial stability in that area; however, free cash flow remains negative and operating cash flow does not cover debt adequately, highlighting areas for potential improvement moving forward. Unlock comprehensive insights into our analysis of Izmir Firça Sanayi ve Ticaret Anonim Sirketi stock in this health report. Learn about Izmir Firça Sanayi ve Ticaret Anonim Sirketi's historical performance. Simply Wall St Value Rating: ★★★★★★ Overview: Hilan Ltd. is a software as a service (SaaS) provider that develops solutions for enterprise human capital management in Israel, with a market capitalization of ₪6.51 billion. Operations: Hilan generates revenue primarily from Business Information Services (₪1.67 billion), Marketing of Software Products (₪391.95 million), Payroll Services, Human Resources and Organizational Systems (₪539.03 million), and Computer Infrastructure (₪322.35 million). Hilan, a nimble player in the Middle East's professional services sector, has demonstrated robust financial health and growth. Over the past year, earnings surged by 14%, outpacing the industry's 10.9% rise. The company is trading at a significant discount of 42.3% below its estimated fair value, suggesting potential for appreciation. Hilan's debt situation appears strong with more cash than total debt and a reduced debt-to-equity ratio from 33.9% to just 3.4% over five years. Recent results show sales climbing to ILS 782 million from ILS 709 million last year, with net income reaching ILS 66 million up from ILS 58 million previously. Take a closer look at Hilan's potential here in our health report. Gain insights into Hilan's past trends and performance with our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Isrotel Ltd. operates and manages a chain of hotels in Israel with a market capitalization of ₪5.32 billion. Operations: The company generates revenue primarily from its Hotels & Motels segment, which reported earnings of ₪1.96 billion. Isrotel, a notable player in the hospitality sector, has demonstrated resilience with its net debt to equity ratio at 17.2%, deemed satisfactory. Over the past year, earnings grew by 6.8%, outpacing the broader hospitality industry's -6.5%. The company's interest payments are well covered by EBIT at a robust 24.1x coverage, indicating financial stability despite recent challenges reflected in a drop in quarterly net income to ILS 2.13 million from ILS 27.76 million last year. With high-quality past earnings and positive free cash flow, Isrotel stands as a promising investment opportunity amidst current market conditions. Click here to discover the nuances of Isrotel with our detailed analytical health report. Review our historical performance report to gain insights into Isrotel's's past performance. Click through to start exploring the rest of the 215 Middle Eastern Undiscovered Gems With Strong Fundamentals now. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IBSE:IZFAS TASE:HLAN and TASE:ISRO. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
27 minutes ago
- Yahoo
Bitcoin Soars, Altcoins Fade in $300 Billion Crypto Shakeout
(Bloomberg) -- On the face of it, 2025 looks like a banner year for crypto: Bitcoin hitting a record, an industry-boosting US president whose family is venturing headlong into the sector, and key legislation widely expected to be passed by Congress. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Sao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City Center Sprawl Is Still Not the Answer Mapping the Architectural History of New York's Chinatown But look beyond the bullish headlines and the rally in Bitcoin, and a vastly different landscape comes into view. Most of the so-called altcoins once touted as competitors to the original cryptoasset are nursing steep declines, with more than $300 billion of market value wiped out so far this year. The sea of red points to a wider malaise that's forcing parts of the industry to confront existential questions. Crypto was imagined by early enthusiasts as a universe where a host of coins competed for investor money, offering a diverse set of use cases. But as Bitcoin reigns supreme, that's giving way to predictions that large swathes of the sector will become a digital wasteland. 'I think they're just going to die, frankly,' Nick Philpott, co-founder of trading platform Zodia Markets, said of altcoins. 'They'll just wither away. Technically, a lot of this stuff will just sit there and gather dust in perpetuity.' Bitcoin's share of the total market value of cryptoassets has climbed by nine percentage points this year to 64%, the highest since January 2021, according to CoinMarketCap. Back then, cryptocurrencies were a largely unregulated space, crypto lending was roaring with few safeguards and nonfungible tokens were just starting to take off. In sharp contrast, altcoins — the catch-all term for all digital assets outside of Bitcoin and stablecoins — are faltering. A MarketVector index tracking the bottom half of the largest 100 digital assets, which more than doubled in the aftermath of Donald Trump's Nov. 5 election victory, has since given up all those gains and is down around 50% in 2025. With Bitcoin soaking up the bulk of capital flows from investors in exchange-traded funds, other parts of the market are increasingly left behind. Even Ether, the second-largest cryptocurrency, remains about 50% below its all-time high after a modest rebound fueled by inflows to spot ETFs investing in the token. 'Historically, Bitcoin's moved and then that's passed down into altcoins,' said Jake Ostrovskis, an OTC trader at Wintermute. 'We've not really seen that yet this cycle.' Crypto is no stranger to mass extinction events. The 2022 market crash, punctuated by the implosions of algorithmic stablecoin TerraUSD and Sam Bankman-Fried's FTX exchange, led to the demise of hundreds of projects. Thousands of coins still exist on their blockchains, with little or no activity — relegated to the status of 'ghost chains' in crypto parlance. What's different this time is that crypto is becoming a more regulated, institutionally-driven marketplace, and that stablecoins appear to be the only tokens with a real shot at achieving means-of-payment status, due to the fact that they eliminate volatility. In the past year alone, the market value of stablecoins has swelled by $47 billion, and some of the world's largest banks are entering the field. The Wall Street Journal reported this month that Inc. is studying a potential stablecoin. That's putting pressure on altcoin projects to find ways to shore up their status and appeal to a wider base of investors. 'I've talked to a couple of projects that have been thinking about merging foundations, putting it up for governance, saying, 'Hey, we can now be governed under this other authority' — that authority being another altcoin community,' said Kanyi Maqubela, managing partner at venture capital firm Kindred Ventures. The shifting tides are also reflected in corporate behavior. Modeled on Michael Saylor's Strategy, a new breed of Bitcoin accumulators has emerged. In April, a special-purpose acquisition company affiliated with Cantor Fitzgerald LP partnered with Tether Holdings SA and SoftBank to launch Twenty One Capital Inc., seeded with nearly $4 billion in Bitcoin. The Trump family, which is also getting involved in Bitcoin mining, has raised $2.3 billion via Trump Media & Technology Group Corp. to create a Bitcoin treasury. While similar vehicles have been set up recently to accumulate smaller tokens like Ether, Solana and BNB, they are much smaller. Glimmers of Hope Not all altcoins are floundering. Tokens like Maker and Hyperliquid that are linked to thriving decentralized-finance protocols have notched big gains this year. 'There's certainly a subset of the market doing incredibly well — generally companies with real businesses, real revenues, and those revenues are being used to buy back tokens,' said Jeff Dorman, chief investment officer of digital asset investment firm Arca. There's also the prospect of more favorable regulations. The potential for US Securities and Exchange Commission approval of ETFs backed by coins like Solana are stirring hopes of wider adoption. Another possible catalyst is the Digital Asset Market Clarity (CLARITY) Act, informally referred to as crypto's market structure bill. The CLARITY Act aims to provide a comprehensive regulatory framework, including delineating responsibilities between the Commodity Futures Trading Commission and the SEC. 'The Clarity Act has the potential to do for altcoins what ETFs did for Bitcoin and Ethereum: provide the regulatory legitimacy that unlocks real institutional capital,' said Ira Auerbach, a senior executive at Offchain Labs. Yet according to Maqubela, the issue ultimately boils down to utility. He compares Bitcoin to gold and Ether to copper — the former has a capped final supply and the latter's blockchain underpins much of crypto's functionality — and says most altcoins are stuck in a sort of twilight zone, underpinned by big promises and not much else. 'I think a lot of them are going to whittle down to zero because they were driven by speculation without that mimetic value like Bitcoin, and they tried to be utilitarian without achieving any real scale,' he said. 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Yahoo
28 minutes ago
- Yahoo
Trump Family Member Reportedly 'Seriously Considering' Run For Senate
Another Trump could soon be on the ballot. Fox News host Lara Trump — the daughter-in-law of President Donald Trump — is 'seriously considering a bid' to replace retiring Sen. Thom Tillis (R-N.C.) in her native state of North Carolina, NOTUS reported this weekend. NBC News' Vaughn Hillyard wrote on X, formerly Twitter, that a source close to the Trump family said Lara, who is married to Trump scion Eric, is 'strongly considering jumping in the race.' 'I'd put it as high as one could be considering it…The race will be over before it begins,' they reportedly added. Tillis, who has come under fire from the president for his criticism of his so-called Big, Beautiful Bill, announced on Sunday that he won't seek reelection in 2026. The lawmaker explained: 'As many of my colleagues have noticed over the last year, and at times even joked about, I haven't exactly been excited about running for another term. That is true since the choice is between spending another six years navigating the political theater and partisan gridlock in Washington or spending that time with the love of my life Susan, our two children, three beautiful grandchildren, and the rest of our extended family back home. It's not a hard choice, and I will not be seeking re-election.' Lara Trump was previously linked to a Senate run in 2020, for North Carolina, and in 2024, for Florida. Last year, she briefly served as the former co-chair of the Republican National Committee. She now hosts 'My View With Lara Trump' on weekends. Marjorie Taylor Greene Grilled Point-Blank Over Her 'Very Racist' Statue Of Liberty Post Mary Trump Exposes Uncle's 'Grotesque Exploitation' Of Religion With Some Family History Dem Sen. Patty Murray Trolls Trump With Hilariously Brutal Taste Of His Own Medicine Karoline Leavitt's 'Have To Save Face' Jab Instantly Backfires
