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10 minutes ago
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What if the dollar has bottomed?
-- A recent rebound in the U.S. dollar may mark the end of its year-to-date slide, potentially easing pressure on European equities and resetting key assumptions across global markets. The dollar, down around 10% from January highs, has recently bounced following U.S. trade agreements with Japan and the EU. Barclays analysts say this move could reflect the early stages of a broader shift, particularly as speculative positioning against the dollar looks stretched and U.S. earnings and macro data remain firm. The rally in the euro, driven more by capital flows than interest rate differentials, has been a drag on European earnings, especially for exporters. Barclays' FX strategists expect the euro to weaken gradually, forecasting EUR/USD to fall toward 1.13. That shift would reverse some of the eurozone's year-to-date 'exorbitant benefit' from dollar weakness, which had exacerbated the impact of deteriorating terms of trade due to tariffs. European stocks have lagged U.S. peers in part due to this FX dynamic. Barclays says the stronger euro has hit corporate earnings harder than tariffs, contributing to a wave of EPS downgrades in export-heavy sectors. But a dollar turnaround may offer some relief, with the potential to put a floor under European earnings estimates. Medium-term risks remain. Concerns around Federal Reserve independence and potential rate convergence in 2026, especially if German or EU growth surprises to the upside — could limit sustained dollar strength. Still, Barclays concludes that FX is no longer a one-way bet. If the dollar has in fact bottomed, it would mark a meaningful shift in global equity drivers, the brokerage said. Related articles What if the dollar has bottomed? After soaring 149%, this stock is back in our AI's favor - & already +25% in July If Powell goes, does Fed trust go with him?
Yahoo
10 minutes ago
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Trump Media brings Truth token plans into the open in latest SEC filing
Trump Media has formally disclosed plans for a Truth-branded utility token and digital wallet in its latest Securities and Exchange Commission filing, months after first teasing the concept in a shareholder letter. The filing describes the token as part of a 'larger rewards program' integrated into a 'Truth digital wallet,' initially allowing users to pay for Truth+ subscriptions. Over time, the token could be applied to other products and services 'in the Truth ecosphere,' hinting at a broader platform-wide utility. While the company doesn't explicitly call it a cryptocurrency, the language suggests blockchain-based infrastructure is likely. The Q2 filing marks the first time the initiative has been included in public financial documents, indicating the project is now being treated as a core component of Trump Media's crypto strategy. It comes amid an aggressive and broadening digital asset pivot. In July, Trump Media deployed $2 billion into Bitcoin and Bitcoin-related securities, making it the fifth-largest public holder of the top cryptocurrency globally. The firm said it raised $2.4 billion in May via a private placement backed by institutional investors, with $1 billion now sitting in restricted cash as collateral for convertible notes, according to the filing. The company also filed for several crypto exchange-traded funds under its fintech division, including funds tied to Bitcoin, Ethereum, and a 'Crypto Blue Chip' index. Trump Media posted $2.3 million in operating cash flow, its first positive quarter, but still recorded a net loss of $20 million, driven by stock-based compensation and lingering legal fees from its 2024 SPAC merger. CEO Devin Nunes has framed the company's crypto exposure as a safeguard against what he calls 'debanking and other acts of political discrimination' by the traditional financial system. Crypto market movers Bitcoin has gained 0.1% in the past 24 hours and is trading at $113,700. Ethereum is down 0.4% in the same period to $3,470. What we're reading UK lifts ban on crypto-linked notes for retail investors after 5 years — DL News Can be dethroned? — Milk Road By Not Staying Chain-Agnostic With Base, Could Coinbase Make a Wrong Bet? — Unchained Bitcoin and Ethereum ETFs suffer second-worst day of 2025 in 'odd end' to landmark week for crypto — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Sign in to access your portfolio
Yahoo
20 minutes ago
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This Super Streaming Stock Plunged 18% in July. Is It a Buy, Sell, or Hold for the Rest of 2025?
Key Points Spotify stock has soared by 80% over the past year, and it was trading at fresh record highs as recently as June. However, the stock declined by 18% in July after the company reported a disappointing set of revenue and earnings results for the second quarter. Spotify stock is still quite expensive, but there might be an opportunity here for investors who are looking beyond 2025. 10 stocks we like better than Spotify Technology › According to Luminate, a research company for the entertainment industry, 65% of all global audio music streams happen on Spotify (NYSE: SPOT), making it the largest platform of its kind. Its dominance has proven very rewarding for investors, who have enjoyed a gain of 80% in its stock price over the last year alone. But Spotify stock sank by 18% during July, as the company's operating results for the second quarter of 2025 (which ended on June 30) fell short of expectations in a couple of key areas. Should investors buy the dip, or is it safer to sit on the sidelines for now? Spotify is a leader when it comes to innovation The majority of music streaming services offer almost identical content catalogs, so they can only compete with one another by charging lower prices, developing better features, or by investing in other content formats. Spotify is heavily focused on the latter two differentiators. On the technology side, Spotify is betting big on artificial intelligence (AI). In 2023, it introduced a feature called AI DJ, which learns what type of music each listener enjoys, and then plays them similar content while delivering commentary through a software-generated voiceover. In May of this year, the company enhanced the feature by adding voice requests, so users can steer the DJ in a different direction when their mood or their environment changes. AI Playlist is another unique tool Spotify developed. Users can type in a simple prompt and this feature will produce a complete playlist of tracks to match. A prompt can be anything, whether it be a particular feeling, a users' favorite color, or a specific instruction. Naturally, more detail will yield better results. On the content side, Spotify is one of the world's largest platforms for audio podcasts. It also made a huge push last year to encourage creators to make video podcasts because they drive more engagement, and they have answered the call by uploading more than 430,000 so far. Spotify says video consumption is growing 20 times faster than audio consumption this year, and the number of users who have streamed a video podcast is up 65% to 350 million compared to this time in 2024. Spotify's revenue and operating profit fell short of expectations in Q2 Spotify had 276 million paying subscribers at the end of the second quarter, in addition to 433 million free users, which it monetizes through advertising. The premium subscriber base grew faster than the free user base, which was good news because these customers accounted for 89% of the company's revenue. On that note, Spotify's total revenue came in at $4.8 billion for the quarter, which was up 10% compared to the year-ago period, but it was below management's forecast of $4.9 billion. Part of the shortfall was attributable to the company's advertising revenue, which shrank by 1% year over year. CEO Daniel Ek said Spotify was moving too slowly on the execution front, so it's taking longer than expected to see improvements from some of the innovations in its ads business. However, he said there are some positive signs that could set the stage for a strong 2026. Spotify's weaker-than-expected revenue had implications for its profitability during the quarter. It generated $464 million in operating income, which was well below management's guidance of $615 million -- however, it still represented a whopping 53% growth compared to the year-ago period, so the result wasn't a total disappointment. Is Spotify stock a buy, sell, or hold from here? Spotify is a great business with a stellar track record of success, so one weak quarter is unlikely to change the company's positive long-term trajectory. However, it's clearly affecting the price investors are willing to pay for its stock, given the 18% decline in July. Spotify stock is still trading at an elevated price-to-sales (P/S) ratio of 7.2, a whopping 75% premium to its long-term average of 4.1 dating back to its initial public offering (IPO) in 2018. Therefore, despite last month's decline, it might still be overvalued: As a result, investors looking for short-term gains should probably sit this one out. But those willing to hold onto the stock for the long term could do well if they buy the recent dip, because according to a forecast issued by Daniel Ek in 2022, Spotify could reach $100 billion in annual revenue by 2032. That would be a fivefold increase from where Wall Street expects Spotify's 2025 revenue to come in (according to Yahoo! Finance), which leaves plenty of room for upside in its stock over the next seven years or so. Do the experts think Spotify Technology is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Spotify Technology make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,019% vs. just 178% for the S&P — that is beating the market by 841.12%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. This Super Streaming Stock Plunged 18% in July. Is It a Buy, Sell, or Hold for the Rest of 2025? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
