ADVFN US – Market Content Editor
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US regulatory momentum seen as key driver behind Bitcoin breakout
Bitcoin’s (COIN:BTCUSD) move out of its recent trading range appears to have been driven primarily by improving US regulatory sentiment rather than broader concerns about currency debasement, according to Citi analysts. The bank pointed to the delayed reaction in Bitcoin following the US Treasury’s bond buyback announcement, as well as ether outperforming Bitcoin during the…
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GE Vernova secures Stage 3 contract for Queensland Supernode battery project
GE Vernova (NYSE:GEV) has been selected by Quinbrook to provide technology for the third stage of the Supernode Battery Energy Storage System (BESS) development in Queensland, Australia, further extending its involvement in the large-scale energy storage project. Under the latest contract, GE Vernova will supply power conversion technology, plant controls, system integration services and grid-connection…
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ZKH Group shares surge 21% after company reaches operating profitability for first time
ZKH Group Limited (NYSE:ZKH) shares soared 21.34% in pre-market trading on Friday after the company reported a major improvement in its second-quarter performance, including its first-ever operating profit. Adjusted earnings reached $0.04 per ADS, reversing a loss of $0.23 per ADS in the corresponding period last year. Revenue climbed to $360.2 million from $302.1 million…
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Array Technologies expands integrated solar platform as orderbook hits record $2.5 billion
Array Technologies (NASDAQ:ARRY) is broadening its business beyond solar trackers as it develops an integrated balance-of-system platform spanning foundations, tracking equipment, electrical systems, controls and software, according to Jefferies. The company’s orderbook has reached a record $2.5 billion, representing growth of 37% year on year and a book-to-bill ratio of 1.5 times. Newer products now…
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BJ’s Wholesale Club shares rise after Q2 earnings and revenue beat forecasts
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares gained 1.16% in pre-market trading on Friday after the warehouse club operator reported second-quarter results ahead of Wall Street expectations and raised its full-year earnings guidance. Adjusted earnings came in at $1.36 per share, beating the consensus estimate of $1.17 by $0.19. Revenue increased 15.9% year on year…
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Ubiquiti shares rise after fourth-quarter earnings and revenue beat forecasts
Ubiquiti Inc. (NYSE:UI) shares gained 3.3% after the networking equipment company delivered stronger-than-expected fourth-quarter fiscal 2026 results, supported by continued growth across its Enterprise Technology platform. Adjusted earnings came in at $4.73 per share, exceeding the analyst consensus of $4.48 by $0.25. Quarterly revenue reached $937.3 million, comfortably ahead of expectations of $868.35 million. Revenue…
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Buckle shares gain 5% after second-quarter earnings and revenue beat forecasts
The Buckle, Inc. (NYSE:BKE) shares advanced in pre-market trading on Friday after the specialty apparel retailer reported second-quarter results that exceeded Wall Street expectations for both earnings and revenue. Adjusted earnings came in at $0.87 per share, beating the consensus estimate of $0.81 by $0.07. Revenue reached $319.8 million, ahead of analysts’ forecast of $314.06…
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Strategy shares surge as Bitcoin breaks above $70,000
Strategy (NASDAQ:MSTR) shares jumped 10.9% in pre-market trading on Friday after Bitcoin surged above $70,000 overnight, reaching its highest level since early June 2026 and triggering strong gains across cryptocurrency-linked equities. Strategy remains one of the stock market’s most closely watched proxies for Bitcoin because of its substantial exposure to the cryptocurrency, leaving its shares…
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Coinbase shares surge as crypto optimism and regulatory momentum build
Coinbase (NASDAQ:COIN) shares jumped 7.1% in pre-market trading on Friday as investors responded to a combination of bullish comments from CEO Brian Armstrong, growing expectations of US crypto legislation and a powerful short squeeze across digital asset markets. The advance followed Armstrong’s appearance on CNBC and continued positive sentiment stemming from the recent White House…
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Robinhood shares climb as crypto regulation hopes boost investor sentiment
Robinhood (NASDAQ:HOOD) shares rose nearly 4.9% in pre-market trading on Friday as renewed optimism over US cryptocurrency regulation fuelled buying across digital asset-related stocks. The latest catalyst came after President Donald Trump publicly urged Congress to approve the Clarity Act, proposed legislation designed to establish a clearer regulatory framework for digital assets, including the classification…