Volatility Shares Trust 2x Bitcoin Strategy ETF (BATS: BITX)

Últimas noticias sobre Volatility Shares Trust 2x Bitcoin Strategy ETF (BATS:BITX)

The Fund is an exchange-traded fund (ETF) that seeks to achieve its investment objective primarily through managed exposure to bitcoin futures contracts that trade only on an exchange registered with the Commodity Futures Trading Commission (Bitcoin Futures Contracts), and cash, cash-like instruments or high-quality securities that serve as collateral to the Funds investments in Bitcoin Futures Contracts (Collateral Investments). In this manner, the Fund seeks to provide investment results that correspond to twice the performance of bitcoin for a single day. The Fund does not invest directly in bitcoin. Instead, the Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day.

2x Bitcoin Strategy ETF

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitwise Bitcoin ETF Common Shares of Beneficial Interest

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Cathie Wood, la fundadora de Ark Investment Management LLC, predice un repunte de fusiones y adquisiciones tras la victoria del presidente electo de Estados Unidos Donald Trump en las elecciones de 2024.

Cathie Wood: Bitcoin se vuelve más escaso que el oro y subirá en los próximos años

Volatility Shares Trust 2x Bitcoin Strategy ETF

Baird analyst Mark Altschwager maintains Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) with a Neutral and raises the price target from $23 to $25.

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RVLV

Baird Maintains Neutral on Revolve Gr, Raises Price Target to $25

Actor Ryan Reynolds has accomplished the rare feat of being as famous for his prowess as an investor and businessman as he is for his work on the silver screen. One of his early forays into investing was Mint Mobile, which he famously pitched in television commercials before selling the company to T-Mobile US (NASDAQ:<a href="https://www.benzinga.com/quote/TMUS/news"> TMUS</a>) for $1.35 billion. Although <a href="https://fortune.com/2023/03/17/ryan-reynolds-mint-mobile-sale-t-mobile-growth/">Fortune</a> estimates he made $300 million on that transaction, it's not Reynolds' <a href="https://www.benzinga.com/money/high-return-investments">favorite investment</a>.
Reynolds is co-owner of English soccer club Wrexham, and he reflected on his time with the club during an episode of the "<a href="https://www.instagram.com/reel/DFI-sj3yvrC/">Men in Blazers</a>" podcast. "If I were to look back and tell you what I'm most proud of, it would be this….aside from my family," Reynolds said. "Wrexham has informed more of my life than I could ever possibly calculate."&nbsp;
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That is incredibly high praise considering Reynolds is married to actress Blake Lively, with whom he shares four daughters. It's highly doubtful Reynolds will net a larger profit from his investment in Wrexham than he did from his 25% stake in Mint Mobile. Yet, Wrexham has captured his heart in a way that dollars and cents on a spreadsheet never could.&nbsp; It could have something to do with the passion that English soccer is famous for.
That's because soccer clubs in England are more than just sports teams, something which is especially true for lower division teams like Wrexham. Even though many of the biggest teams in the top-level English Premier League are owned by billionaires like Arsenal's<a href="https://www.benzinga.com/news/25/02/43581549/billionaire-sports-owners-could-lose-tax-benefits-under-trumps-new-proposal"> Stan Kroenke</a> or Manchester City's Sheikh Mansour, there is an entire community of supporters behind every club.
In many cases, this community of supporters stretches back several generations, and the clubs become central parts of life in the cities where they play. Smaller clubs don't play in gleaming $1 billion stadiums with luxury suites and five-star restaurants. Most clubs in the fourth division, which is where Wrexham was when Reynolds bought in, play in stadiums that barely hold 10,000 people. Despite that, game day is a community event that the entire town participates in.
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Fans who don't get into the stadium fill Wrexham's pubs on game day and sing the club song. Win or lose, fans in cities like Wrexham love their club and view it as a public trust. Reynolds and co-owner Ryan McIlhenny's journey with the team has become a reality TV show in the U.S. Reynolds has been moved by the involvement and passion of the club's fan base.
&nbsp;"You can hate me and Rob," Reynolds told "Men in Blazers." "But it's very hard to not root for that community and that place because, boy, when we first got there, there was a lot of ‘why Wrexham?', and you don't hear any of that anymore." Reynolds' involvement has coincided with a period of unprecedented success in Wrexham history.
English soccer does not have a draft where the worst teams can rebuild by getting first crack at the best players. Every year, the teams that finish in the bottom three slots in their respective division are relegated to a lower division, while the top three teams from that division are promoted to replace the relegated sides.
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Being relegated to lower divisions is a financial disaster that has sent many teams into the English equivalent of a corporate bankruptcy. This system puts tremendous pressure on team ownership to sign the right players and hire the right manager. During Reynolds' tenure with the club, Wrexham has won promotion to a higher division for three consecutive years.
They now sit in the Championship Division, just one step away from the Premier League, regarded as one of the world's best. The competition will be higher than anything they've faced since Reynolds bought the club. A promotion to the Premier League would be the crowning achievement for Reynolds. It would also be very lucrative.&nbsp;
Accounting firm<a href="https://www.deloitte.com/uk/en/about/press-room/coventry-city-and-luton-town-compete-for-biggest-financial-prize-in-world-football.html"> Deloitte</a> estimates that promotion to England's top level can increase a club's value by several hundred million dollars. All Premier League clubs participate in revenue sharing from multibillion-dollar television rights and merchandising deals. With that said, it's clear that Reynolds is more interested in what promotion would mean for the Wrexham community than his bank account. He has embraced the community, and it has embraced him. It's the ultimate feel-good investment story.
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Personal Finance

The Investment Ryan Reynolds Says He's 'More Proud Of Than Anything He's Done In His Life'

Wells Fargo analyst Zachary Fadem maintains Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) with a Equal-Weight and raises the price target from $3 to $3.5.

WOOF

Wells Fargo Maintains Equal-Weight on Petco Health and Wellness, Raises Price Target to $3.5

Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) has outperformed the market over the past 5 years by 14.89% on an annualized basis producing an average annual return of 28.19%. Currently, Ovintiv has a market capitalization of $9.65 billion. 
Buying $1000 In OVV: If an investor had bought $1000 of OVV stock 5 years ago, it would be worth $3,211.76 today based on a price of $37.06 for OVV at the time of writing.
<h3>Ovintiv's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749221115_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In Ovintiv 5 Years Ago Would Be Worth This Much Today

Baird analyst Mark Altschwager maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Outperform and lowers the price target from $350 to $340.

LULU

Baird Maintains Outperform on Lululemon Athletica, Lowers Price Target to $340

Wells Fargo analyst Chris Carey maintains Scotts Miracle Gro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) with a Overweight and raises the price target from $67 to $72.

Wells Fargo Maintains Overweight on Scotts Miracle Gro, Raises Price Target to $72

While President Donald Trump's executive orders have previously ruffled political and ideological feathers, some of them have also positively influenced the financial markets. Case in point is the uranium sector. Last month,<a href="https://www.benzinga.com/government/regulations/25/05/45608637/uranium-mining-stocks-rally-after-trumps-nuclear-revival-order-ignites-industry-optimism"> Trump signed a sweeping executive order</a> aimed at rebuilding America's nuclear energy capacity while also reducing dependency on foreign-sourced uranium. The move marks the biggest federal intervention in nuclear power policy in decades, subsequently reinvigorating uranium producers.
Indeed, the underlying commodity has represented one of the hottest segments in the equities arena recently. For example, Cameco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) – the world's largest publicly traded uranium company – is up over 29% in the trailing month since June 5. Smaller entities in the space, such as Uranium Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>), have also printed double-digit percentage spikes during the aforementioned period.
Both enterprises – along with several other companies – make up the portfolio of Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>). Owned and managed by global asset manager Sprott Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SII#NYSE">SII</a>), the exchange-traded fund represents one of the few U.S.-listed ETFs which features dedicated exposure to uranium miners and physical uranium. According to Sprott's overview<a href="https://sprottetfs.com/urnm-sprott-uranium-miners-etf/?gad_campaignid=19660087655"> document</a>, 83.8% of URNM's weighting is centered on uranium and related equities, while the rest is allocated to physical uranium.
Beyond direct and convenient exposure to a rarefied arena, the Sprott Uranium Miners ETF facilitates broad exposure to an often choppy market. While uranium stocks are currently enjoying a<a href="https://www.benzinga.com/government/regulations/25/05/45650179/uranium-stocks-hit-17-year-highs-as-mays-rally-marks-best-month-on-record"> wave of bullish momentum</a> thanks to the aforementioned political catalyst, the sector frequently incurs price volatility due to thin trading volumes,<a href="https://www.benzinga.com/partner/commodities/25/06/45795614/uraniums-resurgence-structural-shifts-and-federal-initiative-are-powering-a-long-term-energy-"> lack of transparent spot pricing</a> and sensitivity to news and government policy.
By distributing the risk across multiple names in the sector, investors can gain exposure to uranium while reducing reliance on any one particular entity. Just as importantly, thanks to the fund's underlying diversity, this attribute fosters a more stable and interpretable backdrop for technical analysis.
<h2 class="wp-block-heading">Utilizing Price Action To Assess The Market Behavior Of The URNM ETF</h2>
At its core,<a href="https://www.benzinga.com/money/what-you-need-to-know-about-technical-analysis"> technical analysis</a> represents the study of price dynamics in an attempt to improve investing decisions. To be 100% clear, the discipline makes no promises about forward trajectories. What it does provide is context and color, which market participants may utilize to speculate on possible entry and exit points.
As a quick history lesson, the modern practice of technical analysis stems from Dow Theory, an analytical framework developed by Charles Dow. Essentially, one of the biggest concepts that undergirds the technical approach is that price accounts for all known information. So, it's not necessarily that practitioners don't care about the underlying business or industry; rather, they believe that price already discounts the fundamentals.
In fairness, critics often blast technical analysis as a form of mysticism or pseudoscience. But in reality, price action and chart patterns don't presume to natively hold predictive power. Instead, these datapoints provide a visual representation of market activity. From this representation, market technicians approximate what may happen next based on past price behaviors and the cadence of supply and demand.
Currently, momentum for the URNM ETF is robust. In the trailing month, the fund has gained almost 15% of market value. This burst of upside performance has pushed URNM to a year-to-date gain of just over 4%. For context, the benchmark S&amp;P 500 is up less than 1% in the same frame.
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1000" height="631" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06104310/image-102.png" alt="" class="wp-image-941384" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06104310/image-102.png 1000w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06104310/image-102-300x189.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06104310/image-102-768x485.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure>
What's more, the URNM ETF is currently above two key thresholds: the 200-day moving average (DMA) and the 50 DMA. Investors frequently observe these metrics to better determine the health of a particular market across near-term and longer-term time horizons. These averages can also be used to help determine entry and exit points.
For instance, if a security is struggling to break above a key moving average, the event may indicate bearish resistance, thus incentivizing a cautious take. On the flipside, if a stock blows through a moving average, this may suggest credible momentum.
Regarding the URNM ETF, its price action breached its 50 DMA on April 24 of this year and shot past the 200 DMA on May 23. As of June 5, the uranium fund is more than 4% above its longer-running moving average.
<h2 class="wp-block-heading">Market Breadth Adds Statistical Context For The Sprott Uranium Miners ETF</h2>
While technical analysis offers real-time visualizations into current behavior, market breadth – or the study of patterns of accumulation and distribution – delivers empirical insights. It's able to accomplish this because of two key attributes: stationarity and falsifiability.
Generally speaking, public securities incur drift, thanks to a combination of the passage of time and changes in sentiment regimes. As well, administrative factors such as share dilution and buybacks can distort fundamental metrics such as earnings per share. In the case of the URNM ETF, the fund was priced at under $13 when it first launched in December 2019. It's above $40 today, making statistical analyses – such as price clustering – difficult, if not impossible.
However, the tracking of accumulation and distribution represents a discrete, binary construct. As such, these patterns can be categorized and quantified because of their stationarity; that is, a specific demand sequence that appears in 2020 offers relevant insights if the same pattern materializes in 2025. In other words, market breadth facilitates projectable, probabilistic analyses — and these analyses are falsifiable, opening the door to peer review.
In the past two months, the URNM ETF posted five up weeks and five down weeks, with a net positive trajectory across the 10-week period. This "5-5-U" sequence has occurred 32 times since URNM's public market debut. In 62.5% of cases, the following week's price action results in upside, with a median return of 2.18%.
As a baseline, the chance that a long position will be profitable in the Sprott Uranium Miners ETF is 51.92%. Therefore, investors may consider a combination of technical analysis and market breadth data to help determine entry and exit strategies.
<h2 class="wp-block-heading">Deciphering The Complexities Of The Uranium Market</h2>
The uranium sector has drawn fresh attention amid political momentum and long-term energy security narratives. For investors navigating this complex space, the Sprott ETF offers diversified exposure that tempers the volatility often seen in individual names, creating a more interpretable landscape.
By combining the visual cues of technical analysis with the empirical structure of market breadth data, investors gain a layered understanding of sentiment and behavior. While no method offers certainty, this dual approach frames a more informed perspective for navigating entry and exit decisions.
Featured image from Shutterstock.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Long Ideas

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URNM

Reading The Sprott Uranium Miners ETF: From Price Action To Probabilities

Wells Fargo analyst Ike Boruchow maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Equal-Weight and lowers the price target from $300 to $270.

Wells Fargo Maintains Equal-Weight on Lululemon Athletica, Lowers Price Target to $270

Baird analyst Joel Beatty maintains e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) with a Outperform and raises the price target from $110 to $145.

Baird Maintains Outperform on e.l.f. Beauty, Raises Price Target to $145

DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) posted better-than-expected first-quarter results <a href="https://www.benzinga.com/quote/docu/earnings">after Thursday&#8217;s closing bell</a>.
DocuSign reported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 81 cents. Quarterly revenue came in at $763.7 million, beating the Street estimate of $748.13 million.
The company also announced a $1 billion increase to its share purchase program.
"Q1 was an important quarter for Docusign's long-term transformation as we delivered on an ambitious product road map and surpassed 10,000 Intelligent Agreement Management customers," said Allan Thygesen, CEO of Docusign.
Docusign sees second-quarter revenue in a range of $777 million to $781 million, versus the $774.75 million estimate. The company raised its fiscal 2026 revenue outlook to a range of $3.15 billion to $3.16 billion, versus the $3.14 billion estimate.
DocuSign shares dipped 18.6% to trade at $75.36 on Friday.
These analysts made changes to their price targets on DocuSign following earnings announcement.
<ul class="wp-block-list">
<li>Wedbush analyst Daniel Ives maintained Docusign with a Neutral and lowered the price target from $100 to $85.</li>
<li>UBS analyst Karl Keirstead maintained the stock with a Neutral and lowered the price target from $85 to $80.</li>
<li>JMP Securities analyst Patrick Walravens, meanwhile, reiterated Docusign with a Market Outperform and maintained a $124 price target.</li>
</ul>
Considering buying DOCU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/docu/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06103812/image-101-1024x573.png" alt="" class="wp-image-941371" style="width:627px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06103812/image-101-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06103812/image-101-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06103812/image-101-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/06103812/image-101.png 1095w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Earnings

DOCU

DocuSign Analysts Slash Their Forecasts After Q1 Earnings

UBS analyst Peter Grom maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Buy and lowers the price target from $134 to $129.

UBS Maintains Buy on JM Smucker, Lowers Price Target to $129

ICE is currently in its 8th Phase of the 18-Phase Adhishthana Cycle. While the structure appears strong and suggests a potential breakout, a pullback may occur before that breakout takes place. Here&#8217;s a breakdown of the setup and why a delay is more likely to occur.
<h3 class="wp-block-heading">ICE So Far: Strong Alignment with Adhishthana Principles</h3>
ICE has demonstrated a 90% alignment with the Adhishthana Principles, our proprietary framework that forecasts stock behavior through cyclical analysis, incorporating both quantitative signals and behavioral archetypes.
Some of its strongest and clearest alignments have come in Phases 3, 6, and 7:
<h4 class="wp-block-heading">Phase 3: The Yajya Formation</h4>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="616" height="538" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132539/ICE-Phase-3-Adhishthana.png" alt="Fig.1 ICE Phase 3 (Source: Adhishthana.com)" class="wp-image-14024" style="width:445px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132539/ICE-Phase-3-Adhishthana.png 616w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132539/ICE-Phase-3-Adhishthana-300x262.png 300w" sizes="(max-width: 616px) 100vw, 616px" /><figcaption class="wp-element-caption">Fig.1 Phase 3 (Source: Adhishthana.com)</figcaption></figure>
In Phase 3, ICE rallied briefly, formed an arc, and then dropped sharply — a textbook example of the Yajya Formation. The decline of approximately 33% confirmed the pattern's integrity.
<h4 class="wp-block-heading">Phase 6: The Level of Nirvana</h4>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1082" height="706" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132612/ICE-Phase-6-Adhishthana.png" alt="Fig.2 ICE Phase 6 (Source: Adhishthana.com)" class="wp-image-14025" style="width:671px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132612/ICE-Phase-6-Adhishthana.png 1082w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132612/ICE-Phase-6-Adhishthana-300x196.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132612/ICE-Phase-6-Adhishthana-1024x668.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132612/ICE-Phase-6-Adhishthana-768x501.png 768w" sizes="(max-width: 1082px) 100vw, 1082px" /><figcaption class="wp-element-caption">Fig.2 Phase 6 (Source: Adhishthana.com)</figcaption></figure>
After 24 bars of trading, ICE established its Nirvana Level at 122.46. This level now acts as a key valuation barometer throughout the cycle and serves as a gravitational level for any future selling pressure.
<h4 class="wp-block-heading">Phase 7: The Fall of Artha and Artharthi</h4>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="772" height="472" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132651/ICE-Phase-7-Adhishthana.png" alt="Fig.3 ICE Phase 7 (Source: Adhishthana.com)" class="wp-image-14026" style="width:523px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132651/ICE-Phase-7-Adhishthana.png 772w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132651/ICE-Phase-7-Adhishthana-300x183.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06132651/ICE-Phase-7-Adhishthana-768x470.png 768w" sizes="(max-width: 772px) 100vw, 772px" /><figcaption class="wp-element-caption">Fig.3 Phase 7 (Source: Adhishthana.com)</figcaption></figure>
In Phase 7, ICE followed the Adhishthana expectation almost perfectly, it dropped roughly 15% and formed exactly seven red bars before beginning to recover, consistent with Phase 7 behavior.
<h3 class="wp-block-heading">Why a Breakout May Be Delayed</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1200" height="539" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06133226/ICE-Cakra-Structure-Adhishthana.png" alt="Fig.4 ICE Adhishthana Cakra Structure (Source: Adhishthana.com)" class="wp-image-14027" style="width:641px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06133226/ICE-Cakra-Structure-Adhishthana.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06133226/ICE-Cakra-Structure-Adhishthana-300x135.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06133226/ICE-Cakra-Structure-Adhishthana-1024x460.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/06/06133226/ICE-Cakra-Structure-Adhishthana-768x345.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">Fig.4 Adhishthana Cakra Structure (Source: Adhishthana.com)</figcaption></figure>
Despite the bullish setup, ICE is currently in Phase 8, a stage where stocks typically complete the Cakra, a curved, often bullish channel that spans from Phases 4 through 8.
Right now, ICE is near the upper end of its Cakra, and continuing higher from here would indicate that it is breaking above the Cakra before the optimal time. According to the principles, such a breakout should happen in Phase 9, which starts on 6 October 2025.
Note: For more on this, read my Benzinga article where I break down CrowdStrike's structure and discuss the risks of a premature breakout: <a href="https://www.benzinga.com/markets/equities/25/06/45789662/crowdstrike-why-investors-should-stay-cautious">CrowdStrike: Why Investors Should Stay Cautious</a>
<h3 class="wp-block-heading">Outlook and Investor Takeaway</h3>
Given the high alignment ICE has shown with Adhishthana Principles, it is more likely that the stock will retest the lower end of the Cakra, around the $160-150 level, before a meaningful breakout can occur in Phase 9.
<ul class="wp-block-list">
<li>Existing Longs: Consider hedging your positions in the short term. </li>
<li>Potential Buyers: Patience is the key &#8211; wait for a potential pullback near $160-150 to enter and ride the Phase 9 breakout. </li>
<li>It is also advisable to monitor the Cakra closely, as a breakdown from it could trigger a deep and prolonged bearish move.</li>
</ul>

Equities

Opinion

Signals

ICE Stock: Bullish Setup But A Pullback Is Likely

UBS analyst Jay Sole maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Buy and lowers the price target from $150 to $146.

UBS Maintains Buy on PVH, Lowers Price Target to $146

FuelCell Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares traded higher Friday morning after the company announced in a press release mixed results for the <a href="https://www.benzinga.com/pressreleases/25/06/g45810903/fuelcell-energy-reports-second-quarter-of-fiscal-2025-results" target="_blank" rel="noreferrer noopener">second quarter of fiscal 2025</a>.
Revenue grew 67% year over year to $37.41 million, beating the consensus estimate of $32.41 million.
Product revenue rose to $13 million from zero a year ago, reflecting increased sales activity. Service revenue jumped to $8.1 million, driven by module replacements under a United Illuminating contract.
Generation revenue declined to $12.1 million from $14.1 million due to maintenance downtime, while Advanced Technologies revenue fell to $4.1 million from $6.9 million, impacted by lower contributions from Exxon Mobil-related and government contracts.
Gross loss widened to $9.4 million from $7.1 million a year ago, primarily due to lower margins on tech and service contracts. The impact was partially offset by reduced costs related to the Toyota Project.
Net loss per share narrowed to $1.79 from $2.18, benefiting from a higher share count and income from non-controlling interest. The result missed the consensus loss estimate of $1.43.
Related: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45808780/fuelcell-energy-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call" rel="noreferrer noopener">FuelCell Energy Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
Operating expenses fell to $26.4 million from $34.3 million, driven by reductions in R&amp;D spending and compensation expenses.
As of April 30, 2025, the company held $240 million in cash, restricted cash and short-term investments, down from $318 million on Oct. 31, 2024. This included $116.1 million in unrestricted cash, $60.9 million in short-term investments and $63.1 million in restricted cash.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45679693/plug-powers-record-hydrogen-output-in-georgia-signals-growth-potential" rel="noreferrer noopener">Plug Power&#8217;s Record Hydrogen Output In Georgia Signals Growth Potential</a>
The company raised $7.7 million in net proceeds during the quarter by selling approximately 1.6 million shares at an average price of $5.00 each.
Backlog grew 18.7% year over year to $1.26 billion, driven by a long-term service agreement with Gyeonggi Green Energy and a 20-year, 7.4 MW power purchase agreement in Hartford, Connecticut.
FuelCell Energy announced a new global restructuring plan on June 5, cutting its workforce by 22% and reducing global headcount to about 426 employees. The move follows a November 2024 plan that aimed to cut costs by 15% and included a 13% staff reduction.
The latest restructuring focuses on lowering overhead, deferring certain compensation, pausing most solid oxide development, and aligning production at the Torrington, Connecticut, facility with contracted demand. As of April 30, 2025, the plant was operating at an annualized rate of 31 MW, with near-term output expected to decline under the new plan. The company targets positive adjusted EBITDA once the facility scales to 100 MW annually.
&#8220;Today we are reiterating our focused strategy that prioritizes advancement of our carbonate platform with the goal of meeting accelerating market demand driven by AI data centers, our distributed power generation solutions, and our carbon recovery and utilization applications,&#8221; said President and CEO Jason Few.
Few added that the restructuring will streamline operations in the U.S., Canada, and Germany, sharpen focus on core technologies, and improve profitability. He cited increased policy support for natural gas as a catalyst for broader adoption of FuelCell&#8217;s carbonate platform, which already operates using natural gas and biofuels.
&#8220;We believe these actions — cutting our workforce, reducing SG&amp;A and focusing on commercially available technology — will help shorten our path to profitability while preserving long-term innovation in electrolysis and carbon capture,&#8221; Few said.
&#8220;Our priorities remain clear: reduce discretionary spending, decrease cash burn, and accelerate our trajectory toward sustained, positive adjusted EBITDA,&#8221; said Michael Bishop, executive vice president, CFO and treasurer. &#8220;In parallel, we are actively pursuing strategic financing to support commercial execution, including our Korea repowering project, where we successfully delivered four modules this quarter.&#8221;
FCEL Price Action: FuelCell Energy shares are trading higher by 30.58% at $6.74 on Friday at publication.
Read Next: 
 • <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may" target="_blank" rel="noreferrer noopener">U.S. Labor Markets Defies Tariff Concerns As Nonfarm Payrolls, Wages Top Expectations In May</a>
Photo: Courtesy FuelCell Energy

Movers

FCEL

FuelCell Energy Stock Soars After Mixed Q2 Results: Targets Profitability With Scaled-Back Ops, Renewed Tech Focus

WIIM

SRPT

Sarepta Therapeutics shares are trading higher after Scotiabank upgraded the stock from Sector Perform to Sector Outperform.

Goldman Sachs analyst Ati Modak upgrades MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) from Neutral to Buy and raises the price target from $156 to $195.

Upgrades

Goldman Sachs Upgrades MasTec to Buy, Raises Price Target to $195

UBS analyst Jay Sole maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Neutral and lowers the price target from $330 to $290.

UBS Maintains Neutral on Lululemon Athletica, Lowers Price Target to $290

F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) has outperformed the market over the past 20 years by 4.93% on an annualized basis producing an average annual return of 13.27%. Currently, F5 has a market capitalization of $17.06 billion. 
Buying $100 In FFIV: If an investor had bought $100 of FFIV stock 20 years ago, it would be worth $1,165.01 today based on a price of $294.51 for FFIV at the time of writing.
<h3>F5's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749220217_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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