News

Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping as the industry has posted a 18.2% gain over the past six months, beating the S&P 500 by 13.2 percentage points.

Mid-cap stocks have the best odds of scaling into $100 billion corporations thanks to their tested business models and large addressable markets. But the many opportunities in front of them attract significant competition, spanning from industry behemoths with seemingly infinite resources to small, nimble players with chips on their shoulders.

Commissioner Hester Peirce on the SEC’s new approach toward blockchain.

News of the day for March 5, 2025

3D printing company Stratasys (NASDAQ:SSYS) announced better-than-expected revenue in Q4 CY2024, but sales fell by 3.8% year on year to $150.4 million. On the other hand, the company’s full-year revenue guidance of $577.5 million at the midpoint came in 0.9% below analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.

The president wants to build a federal cryptocurrency reserve. His subordinates are starting by counting up crypto the government already holds.

Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 9.1% year on year to $1.58 billion. On the other hand, next quarter’s revenue guidance of $1.07 billion was less impressive, coming in 0.7% below analysts’ estimates. Its GAAP profit of $3.57 per share was 0.8% below analysts’ consensus estimates.