Group 1: Tesla - Tesla's stock rose by 3.31%, with a trading volume of $44.281 billion, as CEO Elon Musk became the first person to reach a net worth of $500 billion [1] - The company is expected to announce its latest quarterly delivery data, with predictions of record delivery numbers due to a surge in purchases before the $7,500 electric vehicle tax credit expiration [1] - Analysts express concerns that this demand boost may not be sustainable, particularly with ongoing weaknesses in the European market [1] Group 2: Nvidia - Nvidia's stock increased by 0.35%, reaching a new all-time high with a trading volume of $32.304 billion, driven by strong demand for AI chips and a $100 billion strategic partnership with OpenAI [1] Group 3: Meta Platforms - Meta Platforms' stock fell by 2.32%, with a trading volume of $14.575 billion, as the company announced plans to use data from user interactions with its AI products for targeted advertising [1] - The updated privacy policy will be implemented globally, except in South Korea, the UK, and the EU, where such data collection is prohibited [1] Group 4: Eli Lilly - Eli Lilly's stock rose by 8.18%, marking the fourth consecutive day of gains, with a trading volume of $8.205 billion, following positive discussions with the Trump administration regarding drug pricing [2] - The company received EU approval for its Alzheimer's treatment drug Kisunla, enhancing its global market presence [2] Group 5: Micron Technology - Micron's stock surged by 8.86%, reaching a historical high with a trading volume of $7.356 billion, as NAND Flash prices increased by over 10% since September, igniting bullish expectations for the storage industry [2] - Morgan Stanley predicts that the price increase cycle may continue until 2026, creating a strong short-term catalyst [2] Group 6: Intel - Intel's stock rose by 7.12%, with a trading volume of $5.585 billion, as reports emerged of early negotiations with AMD for chip manufacturing services [3] - Analysts suggest that securing AMD as a client would significantly bolster Intel's confidence in its foundry business and signal its capabilities to other chip companies [3] Group 7: Strategy - Strategy's stock increased by 5.03%, with a trading volume of $4.596 billion, following news that the U.S. Treasury is preparing to relax a proposed rule that would tax unrealized Bitcoin gains [3] - The proposed tax was seen as unfair by companies like Strategy and Coinbase, which argued it would disadvantage U.S. firms in the global market [3]

Economic Indicators - US MBA mortgage applications fell by -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6% [1] - The September ISM manufacturing index rose +0.4 to a 7-month high of 49.1, exceeding expectations of 49.0 [6] - The September ADP employment change unexpectedly fell by -32,000, marking the largest decline in 2.5 years, while August was revised lower to -3,000 from +54,000 [5] Market Reactions - Stocks initially moved lower due to the US government shutdown, but later recovered, with the S&P 500 and Nasdaq 100 reaching new all-time highs [2][4] - The dollar index fell to a one-week low, while gold prices climbed to a record high amid risk-off sentiment [2] - Rising corporate earnings expectations are a bullish backdrop for stocks, with over 22% of S&P 500 companies providing guidance for Q3 earnings that are expected to beat analysts' expectations [8] Sector Performance - Pharmaceutical stocks rallied, with AstraZeneca closing up more than +9% and Eli Lilly up more than +8%, driven by hopes from Pfizer's deal with the US government [15] - Chipmakers and AI-infrastructure stocks also saw gains, with Super Micro Computer closing up more than +9% and Micron Technology up more than +8% [16] - Grocery retailers declined after Amazon announced a new private-label food brand, leading to Dollar Tree and Dollar General closing down more than -4% and -3% respectively [22] Upcoming Economic Data - Weekly initial unemployment claims are expected to increase by +7,000 to 225,000, and August factory orders are expected to rise by +1.4% month-over-month [9] - September nonfarm payrolls are anticipated to increase by +51,000, with the unemployment rate expected to remain unchanged at 4.3% [9]

Sounds like Big Mike just found some new ammo in the couch cushions to unload into more BitcoinMichael Saylor (@saylor):As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN ...

Group 1 - The US Treasury Department and IRS are easing a proposed tax rule that imposed a 15% minimum tax on unrealized gains from digital asset holdings for crypto companies [1][2] - This change is in response to significant opposition from companies like MicroStrategy and Coinbase, which argued that taxing unrealized gains is unfair compared to traditional assets [1][2] - The Corporate Alternative Minimum Tax (CAMT) was established by the 2022 Inflation Reduction Act and applies to large corporations with over $1 billion in average annual income [4] Group 2 - The IRS introduced new rules requiring companies to record digital asset holdings at fair value, impacting how fluctuations in crypto prices are reflected in financial statements [5] - Without the new tax guidance, corporations holding appreciated crypto would have to include unrealized gains in their Adjusted Financial Statement Income (AFSI) [6] - The ongoing discussions in the Senate Finance Committee highlight the need for clearer tax policies regarding digital assets to enhance business attractiveness and tax compliance [3]

周三，比特币日内涨幅扩大至近3%，突破11.7万美元；以太币涨超4%，报4308.8美元；加密货币概念 股持续上攻，Strategy(MSTR.US)涨超6%，MARA Holdings(MARA.US)涨超5%，CleanSpark(CLSK.US) 涨超4.9%，Sharplink Gaming(SBET.US)涨超5%，Coinbase(COIN.US)涨超3%。消息面上，据Crypto In America报道，美国财政部正准备正式放宽一项拟议规则。该规则原将根据《企业替代最低税》(CAMT) 法案，对Strategy等公司持有的未实现比特币收益征收15%的税款。CAMT法案要求大型公司就其财务 报表收入缴纳最低税。 根据现行会计准则，公司需按市值计价其持有的加密货币，这意味着即使不出售，其账面利润(未实现 收益)也将被征税。此前，Strategy和Coinbase等公司曾致信财政部，认为对数字资产的未实现收益征税 是不公平的，会迫使美国公司出售资产以缴税，从而在全球竞争中处于不利地位。 ...

Core Viewpoint - Bitcoin's price surged nearly 3% to over $117,000, while Ethereum rose over 4% to $4,308.8, indicating a strong upward trend in the cryptocurrency market [1] Cryptocurrency Market Performance - Bitcoin increased by nearly 3% to surpass $117,000 [1] - Ethereum experienced a rise of over 4%, reaching $4,308.8 [1] - Cryptocurrency-related stocks also saw significant gains, with Strategy (MSTR.US) up over 6%, MARA Holdings (MARA.US) up over 5%, CleanSpark (CLSK.US) up over 4.9%, Sharplink Gaming (SBET.US) up over 5%, and Coinbase (COIN.US) up over 3% [1] Regulatory Developments - The U.S. Treasury is preparing to officially relax a proposed rule that would impose a 15% tax on unrealized Bitcoin gains held by companies like Strategy under the Corporate Alternative Minimum Tax (CAMT) [1] - The CAMT legislation requires large corporations to pay a minimum tax based on their financial statement income [1] - Current accounting standards require companies to value their cryptocurrency holdings at market value, leading to taxation on unrealized gains even if the assets are not sold [1] - Companies such as Strategy and Coinbase previously communicated with the Treasury, arguing that taxing unrealized gains on digital assets is unfair and could force U.S. companies to sell assets to meet tax obligations, putting them at a competitive disadvantage globally [1]

As a result of Treasury and IRS interim guidance issued yesterday, Strategy does not expect to be subject to the Corporate Alternate Minimum Tax (CAMT) due to unrealized gains on its bitcoin holdings. $MSTR https://t.co/DEgluG8oEN ...

Strategy (MSTR) will post a profit for the second quarter in a row in the third quarter thanks to a rise in the price of bitcoin (BTC). That would again qualify the company for potential S&P 500 inclusion.According to Jeff Walton, Chief Risk Officer of Strive, Strategy will have earned about $2.9 billion, or $10 per share thanks to bitcoin's move from about the $107,000 level to $114,000 at quarter's end. Over the past four quarters, MSTR will have earned roughly $22.80 per share. The analysis factors in ...

Group 1 - Strategy (MSTR) stock decreased by 1.29% to $322.22, underperforming the S&P 500 which gained 0.41% [1] - Over the past month, Strategy shares have declined by 2.39%, while the Finance sector gained 1.64% and the S&P 500 gained 3.15% [1] Group 2 - The upcoming earnings report for Strategy is expected to show an EPS of -$0.11, reflecting a 92.95% increase from the same quarter last year [2] - Revenue is forecasted at $118.2 million, indicating a 1.84% increase from the same quarter last year [2] Group 3 - For the full year, earnings are projected at -$15.73 per share and revenue at $466.75 million, representing changes of -134.08% and +0.71% respectively from the prior year [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends and convey confidence in performance and profit potential [3] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Strategy currently holds a Zacks Rank of 4 (Sell) [5] - The consensus EPS projection for Strategy has remained stagnant over the past 30 days [5] Group 5 - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [6] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [6]

Group 1 - MicroStrategy Incorporated (NASDAQ:MSTR) is considered a strong buy by Wall Street, with a Buy rating maintained by Bernstein and a price target set at $600.00 [1] - Analyst Gustavo Gala from Monness reiterated a Sell rating on MicroStrategy, setting a lower price target of $175, while TD Cowen adjusted its price target to $620 from $640, maintaining a Buy rating [2] - The median price target for MicroStrategy's stock is $309.06, indicating an upside potential of 89.61% from current levels [2] Group 2 - MicroStrategy is the world's largest corporate holder of Bitcoin, engaging in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy [3]