Finance
Verizon Shares Take a Hit After Q1 Sales Warning
March 13, 2025
When life hands you lemons, let robots do the heavy lifting. Chick-fil-A revealed that its lemon-squeezing robots are cutting labor by an impressive 10K hours daily. Now the real question: do these bots get Sundays off, too?
Meanwhile, the S&P 500 managed to recover from early losses to close in the green, although the Magnificent 7 stocks lagged behind. For more notable market action, check out our Big Movers below. Looking ahead, major players like JPMorgan Chase (JPM $254.26, 0.76%) and Citigroup (C $78.39, 0.31%) are set to kick off Q4 earnings season tomorrow.
Bitcoin slumps as the postelection rally loses steam.
The honeymoon is over… Bitcoin (BTC $101,473.42, 1.88%) slid again today, down nearly 10% this week and briefly falling below $90K—its lowest level since November. Sitting 16% off its record high of $108K, Bitcoin wasn’t alone in its misery. Ethereum (ETH $3,372.30, -0.07%), Solana (SOL $214.09, 6.09%), Dogecoin (DOGE $0.38, 1.78%), and Cardano (ADA $1.11, 4.59%) were all deep in the red this week. The broader market mirrored the slide, with the CoinDesk 20 index down 12% on the week. Here’s why the winter winds are blowing cold:
From euphoria to reality check…
Crypto’s postelection glow is dimming. Enthusiasm surged after Trump’s November victory, with the industry hoping for a friendlier regulatory landscape under the incoming administration. Trump’s pick for SEC Chair, Paul Atkins, is viewed as a crypto advocate, but early signs suggest Washington’s pace might not match industry hopes. Analysts warn that a narrowly divided Congress could slow down key legislative efforts, like stablecoin regulations.
Campaign cash and Congress…
The crypto industry poured over $238M into the last election, supporting coin-friendly PACs and candidates. That investment paid off, securing 298 crypto-allied lawmakers in the new Congress. Bitcoin soared to a record high in December as optimism swelled. Now, with Trump’s inauguration just days away, crypto investors are holding their breath to see if their new government partnership delivers on its promises—or if this relationship is destined for turbulence.
Presented by Nasdaq
A recent study from the Nasdaq Index Research Team found that among global large cap companies, patent filers recorded the fastest sales growth over the trailing 15 years. Growth for patent filers ranged 60-70%, nearly 2x the average for the entire cohort (35%).1
Investors looking to access innovative, patent filing companies need look no further than the Nasdaq-100® (NDX®).2
The success of NDX can be attributed in part to the value of its constituents’ patents, which has grown ~10.5x since May 2007, vs. ~4x across all publicly listed, tracked companies globally. Growth for the S&P 500 overall was ~5.5x, but only ~4x when excluding the contribution of overlapping Nasdaq-100 firms.3
Learn more about the innovative index here: Nasdaq-100 Index.®
Y2K flashbacks… The holiday season wasn’t all cheer for trendy retailers. Despite upbeat forecasts, stocks for Abercrombie (ANF $128.02, -1.45%), Urban Outfitters (URBN $53.21, -2.62%), and American Eagle (AEO $15.57, -3.23%) tumbled as investors focused on slowing growth. Abercrombie, for instance, announced a 7% holiday sales boost—solid, but a far cry from the 21% surge it enjoyed last year. Urban Outfitters hit record sales thanks to its Free People and Anthropologie brands, as well as its Nuuly rental service, yet its stock dipped. American Eagle revised its quarterly outlook upward but warned of full-year declines due to a tighter shopping window.
Department store dilemmas… Nordstrom (JWN $24.12, 0.08%) raised its outlook, but Macy’s (M $13.90, 0.69%) and Kohl’s (KSS $12.83, 0.25%) weren’t as optimistic, signaling potential shortfalls.
Bright spot in athleisure… Lululemon (LULU $370.59, -1.51%) outpaced its peers, raising Q4 projections after consumers shelled out for full-priced yoga sets and athleisure staples.
Holiday slowdown… The National Retail Federation estimates holiday sales grew just 2.5%–3.5% this year, a significant drop from the 14% surge in 2021, fueled by stimulus spending. To lure budget-conscious shoppers, retailers leaned heavily on discounts. Clothing saw the deepest price cuts—averaging 33%—as brands worked to fend off low-cost e-commerce challengers like Shein, Temu, and TikTok Shop.
Keeping up with Gen Z… Legacy millennial favorites like Abercrombie, Urban Outfitters, and American Eagle have struggled to sustain their momentum. The rise of fast, ultra-affordable e-commerce players is reshaping the landscape: over one-third of Gen Z reported making monthly purchases from Shein, Temu, or TikTok Shop last year. As competition heats up, staying relevant—and profitable—may require more than holiday cheer.
Presented by Mode Mobile
Marc Cuban turned down the chance to invest in Uber at basement prices before the company’s IPO.
And by the time the rest of us hear about industry-changing disruptions like these, it's usually too late... but right now there’s a tech-startup making waves behind the scenes. Like Uber turned vehicles into income-generating assets, they’re turning smartphones into an easy passive income source — already making over $325M for their customers!
And this time, you have a chance to invest5 in their pre-IPO offering2 at just $0.26/share.3
Advertiser's disclosures:
¹ Source: Nasdaq Global Indexes, Nasdaq AI Team, IFI Claims, Factset as of 8/29/2024. Index data as of 12/31/2013 and 12/31/2023. Companies are ranked on prior full-year total patent filings.
² It is not possible to invest directly in an index.
³ See slide 26 for further details on the growth in the value of patents for NDX®, S&P 500, and Global ex-US since May 2007.
Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, and NDX® are trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
⁴ The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
⁵ Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
⁶ Minimum investment is $999.96. Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.
