$WMT

Walmart Option Alert: Jun 20 $95 Calls at the Ask: 2500 vs 7020 OI

Walmart Option Alert: Jun 20 $95 Calls at the Ask: 2500 @ $2.66 vs 7020 OI; Ref=$96.8614

Walmart Option Alert: Jan 16 $86.7 Puts at the Bid: 2450 vs 1778 OI

Walmart Option Alert: Jan 16 $86.7 Puts at the Bid: 2450 @ $3.07 vs 1778 OI; Ref=$97.26

Walmart (NYSE:WMT) 주식

WALMART INC

Walmart

Walmart is a leading retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 locations globally. Walmart generated over $460 billion in domestic namesake sales in fiscal 2025, with Sam's Club contributing another $90 billion to the company's top line. Internationally, Walmart generated $120 billion in sales. The retailer serves around 270 million customers globally each week.

Los,Angeles,,Ca,-,July,12,,2023:,Closeup,Of,An

News

Markets

AMZN

COIN

SHOP

UBER

주요 소매업체인 월마트(NYSE:WMT)와 아마존(NASDAQ:AMZN)이 자체 스테이블코인 발행 가능성을 탐색 중이라는 보도가 나왔다. 이러한 움직임은 전통적인 금융 구조에 큰 변화를 가져올 수 있다.

월마트·아마존, 자체 스테이블코인 발행 검토 중: WSJ 보도

Retail Sales

세계에서 가장 큰 소매업체인 월마트(NYSE:WMT)는 도널드 트럼프 대통령의 행정부가 중국 수입품에 높은 관세를 부과한 이후 저렴한 가격을 유지하는 데 어려움을 겪고 있다. 월마트 직원들과 쇼핑객들은 이제 가격 인상이 매장과 지갑에 영향을 미치고 있다고 보고하고 있다.

월마트 쇼핑객들, 관세 타격으로 인한 제품 가격 급등 확인

Kanata,,Canada,-,June,2,,2024:,Walmart,Retail,Store,Building

도널드 트럼프 대통령이 부과한 관세로 인해 미국 전역의 월마트(NYSE:WMT)와 타깃(NYSE:TGT)의 매장에서 상당한 가격 인상이 이루어지고 있는 것으로 알려졌다. 무슨 일 있었나: 월마트 직원들은 일부 품목의 가격이 최대 45%까지 급등하는 등 급격한 가격 상승을 묘사하는 이미지를 레딧(Reddit)에 공유했다. 타깃에서도 비슷한 가격 인상이 나타났다. 

트럼프 관세 영향으로 월마트와 타깃의 제품 가격 급등···직원들 &#34;일부는 38% 이상 올랐다&#34;

Walmart Inc

World Mobile Token

WESTMOUNTAIN GOLD by Westmountain Gold, Inc.

Westmountain Gold Inc

Steve Jobs once argued the greatest innovators are "both the thinker and doer in one person," invoking Leonardo da Vinci to prove that creativity and execution rarely succeed apart.
What Happened: Addressing engineers in the early 1990s, the Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPL#NASDAQ">APPL</a>) co-founder <a href="https://allaboutstevejobs.com/videos/misc/future_of_pc_1990">said</a>, "The doers are the major thinkers. … Did Leonardo have a guy off to the side thinking five years out what he would paint? Of course not. Leonardo was the artist, but he also mixed all his own paints."
Jobs's point is that discovery flows from hands-on mastery. "It's very easy to take credit for thinking," he said. "Dig a little deeper and you find the people who really did it were also the people that worked through the hard intellectual problems as well."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Steve jobs on Thinkers And Doers ...Inspirable" width="500" height="281" src="https://www.youtube.com/embed/WkJpEG4KbN4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Veteran biographers note Jobs <a href="https://www.goodreads.com/quotes/629614-i-ve-never-believed-that-they-re-separate-leonardo-da-vinci-was">often cited</a> Renaissance polymaths to justify Apple's marriage of hardware, software and design.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46020016/pavel-durovs-100-plus-children-wont-see-a-cent-of-his-fortune-until-2055-heres-what-the-telegram-ceo-plans-to-do-with-his-estate">Pavel Durov&#8217;s 100-Plus Children Won&#8217;t See A Cent Of His Fortune Until 2055, Here&#8217;s What The Telegram CEO Plans To Do With His Estate</a>
Why It Matters: The thinker-doer thesis now frames a broader debate over when entrepreneurs hit their stride. Census Bureau data <a href="https://insight.kellogg.northwestern.edu/article/younger-older-tech-entrepreneurs">show</a> founders aged 40-plus are likelier to build high-growth firms than their twenty-something peers, a pattern <a href="https://www.benzinga.com/real-estate/23/01/30386966/amid-fears-of-a-recession-whats-been-driving-demand-for-multifamily-real-estate">echoed</a> by late-blooming icons such as Ray Kroc at McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) and Sam Walton at Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
The gap reflects years spent &#8220;doing,&#8221; honing skills and spotting problems first-hand before leaping to &#8220;think&#8221; up solutions.
Modern CEOs frequently echo Jobs. Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk reposted the quote last year with a <a href="https://www.benzinga.com/news/24/06/39393059/elon-musk-agrees-with-legendary-apple-co-founder-steve-jobs-on-thinker-doers-the-doers-are-the-major">one-word endorsement</a>: "True." Venture capitalist Paul Graham <a href="https://x.com/paulg/status/1840698085434884544">tells</a> founders to "learn by building" because abstract ideation rarely survives first contact with users.
For Jobs, that convergence of art and engineering remained Apple's guiding doctrine until his 2011 death. "There is no difference in our industry," he said. "The people that have really made the contributions have been the thinkers and the doers."
Photo Courtesy: rnkadsgn on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/health-care/25/06/46019567/mark-cuban-says-were-he-to-become-president-for-a-day-he-would-make-these-two-simple-moves-to-overhaul-us-healthcare">Mark Cuban Says Were He To Become President For A Day, He Would Make These Two Simple Moves To Overhaul US Healthcare</a>

Tech

APPL

TSLA

Steve Jobs Once Cited Leonardo Da Vinci's Example To Explain Why All 'Major' Thinkers Had This Trait That Made Them Exceptional

<a href="https://www.ftc.gov/news-events/news/press-releases/2025/06/walmart-pay-10-million-settle-ftc-allegations-it-allowed-scammers-obtain-millions-consumers-using#:~:text=Walmart%20will%20pay%20%2410%20million%20to%20settle%20Federal,hundreds%20of%20millions%20of%20dollars%20from%20U.S.%20consumers">https://www.ftc.gov/news-events/news/press-releases/2025/06/walmart-pay-10-million-settle-ftc-allegations-it-allowed-scammers-obtain-millions-consumers-using#:~:text=Walmart%20will%20pay%20%2410%20million%20to%20settle%20Federal,hundreds%20of%20millions%20of%20dollars%20from%20U.S.%20consumers</a>

General

'Walmart to Pay $10 Million to Settle FTC Allegations it Allowed Scammers to Obtain Millions from Consumers Using Company's Wire Transfer Services'

Bank of America Securities (BofA) analysts conducted a grocery price study in Las Vegas, comparing April 2025 in-store <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings" rel="noreferrer noopener">prices with those from a year earlier</a>.
They found average prices were up 2% year-over-year (and 23% higher than in 2019), with eggs driving much of the increase, excluding them, prices rose just 1%.
Year-over-year, price hikes were the largest at Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and smallest at Dollar Tree, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) Family Dollar and Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Whole Foods Market.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/46023273/walmart-snaps-10-day-losing-streak-its-longest-since-2004-as-profit-takers-step-aside" rel="noreferrer noopener">Walmart Snaps 10-Day Losing Streak: It&#8217;s Longest Since 2004, As Profit-Takers Step Aside</a>
Over six years, the biggest increases were seen at Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) and Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), and the smallest at Whole Foods Market and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
Analysts compared year-over-year trends and price positioning relative to Walmart using like-for-like item baskets, finding Walmart maintained the lowest grocery prices across all retailers except Dollar Tree.
At Dollar Tree, $1.25 items were 16% cheaper than Walmart, while multiprice items, mainly frozen and refrigerated, were 2% more expensive.
This apart, BofA Securities analysts visited a Dollar General Market store with produce in Las Vegas and observed that produce prices were 16% higher than Walmart&#8217;s, up from a 14% gap last year.
Across Vegas retailers, they found average grocery prices had risen 2% year-over-year, or 1% excluding eggs, led by an 8% increase in dairy, while center store prices were slightly down by 1%.
Egg prices rose sharply (30%-70%) at nearly all retailers except SFM, where prices were flat, a trend similar to BofA&#8217;s Dallas study in February.
Compared to 2019, prices in Vegas were up 23% on average, with the biggest 6-year increases at Sprouts Farmers Market and Dollar General (both +32%), and the smallest at Whole Foods Market (+11%) and Walmart (+16%).
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46020016/pavel-durovs-100-plus-children-wont-see-a-cent-of-his-fortune-until-2055-heres-what-the-telegram-ceo-plans-to-do-with-his-estate" target="_blank" rel="noreferrer noopener">Pavel Durov&#8217;s 100-Plus Children Won&#8217;t See A Cent Of His Fortune Until 2055, Here&#8217;s What The Telegram CEO Plans To Do With His Estate</a></li>
</ul>
Photo via Shutterstock

Analyst Color

Equities

Analyst Ratings

Trading Ideas

DLTR

Vegas Grocery Prices Rise 2%, Walmart Remains Cheapest: Analyst

We have discussed why I favor real estate and Real Estate Investment Trusts. Since 1972, REITs have outperformed the major indexes. According to CEM Benchmarking, publicly traded real estate has outperformed every asset class except private equity since 1998. REITs have an excellent track record of paying and growing dividends.
Most people would rather chase stories than be the landlord and lender. I know far more wealthy lenders and landlords than I do rich dreamers.
Right now, most investors either hate real estate or simply do not think about it. The instant experts of the internet are convinced that real estate is heading to zero and will crash the banking system. They believe only bitcoin and AI stocks are worth buying. That is not going to happen.
Make your own call on bitcoin and AI. But consider this: who needs real estate?
Bitcoin and AI companies and their employees do. They need office space. They live somewhere. They shop at stores, pharmacies, and frequent gas stations and convenience stores. They visit doctors and labs. They travel to conferences usually held in hotels.
Those that actually manufacture products will eventually need warehouse and logistics space. Bitcoin miners need physical locations to house all those computers.
The majority of high-tech startups are going nowhere, but the people involved will still interact with real estate and make landlords wealthy regardless of how their ventures turn out.
I am not the only one who likes real estate at current prices.
&nbsp;I am seeing insiders who run these REITs (people who know the market better than anyone) begin making open market purchases of their own stocks.
John Rakolta Jr. is Chairman of Walbridge, one of the largest privately owned construction companies in the United States. Walbridge is a top U.S. builder of automotive and manufacturing facilities and has achieved considerable market diversity through expansion into the hyperscale data center market. He is also a Director of Agree Realty and has been aggressively buying shares in the open market recently.
While the instant experts of the internet scream &#8220;retail apocalypse&#8221; and predict the death of brick-and-mortar stores, Agree Realty (Ticker: ADC) has not only survived but thrived by completely rewriting the playbook. Agree Realty represents everything I look for in a long-term holding: contrarian thinking, exceptional management, fortress-like financials, and a business model that generates predictable cash flows in an unpredictable world.
In 2010, while everyone was fleeing retail real estate like it was radioactive, Agree Realty management team made a prescient decision that would define the company future. They launched their acquisition platform with a laser focus on &#8220;e-commerce resistance,&#8221; a concept largely ignored by the investment community at the time.
Consider that timing. This was just two years after the financial crisis, with Amazon retail dominance becoming increasingly apparent and traditional retailers closing stores left and right. Most investors and REITs were fleeing the sector. But Joey Agree and his team saw something different. They understood that certain types of retail were not going to disappear. They were going to evolve and become more essential than ever.
This was not just lucky timing. It marked the beginning of what would become one of the most successful strategic repositioning stories in REIT history.
Agree management articulated something Wall Street was missing: the emergence of the omni-channel economy. As Joey Agree explained in 2016, &#8220;Every retailer in the country is going to have to have billions of dollars, national retailers, to experiment, to test and eventually effectuate a true omni-channel experience because you cannot be an e-commerce-based retailer or just a brick-and-mortar-based retailer today. It does not work.&#8221;
This was not corporate speak. It was a fundamental insight that would prove prophetic. While others saw physical stores as dinosaurs, Agree saw them as critical infrastructure for the new retail economy. Stores were not just selling locations anymore; they were fulfillment centers, pickup points, showrooms, and customer experience hubs all rolled into one.
The company &#8220;RETHINK RETAIL&#8221; campaign was not marketing fluff. It was a declaration of war against conventional wisdom.
Let me walk you through some of Agree greatest hits, because this is where the company investment acumen really shines:
Tractor Supply Company (Ticker: TSCO) &#8211; Agree first acquired a Tractor Supply location in Q3 2013 when the company was still relatively unknown outside rural markets. Management saw something special: a retailer with no national competition serving the growing rural lifestyle market with products that could not easily be replicated online.
By Q2 2016, management was saying: &#8220;While neither Tractor Supply Company nor Hobby Lobby maintains a public credit rating, both possess investment-grade quality financials with very strong balance sheets.&#8221; They were ahead of the rating agencies by years.
By Q3 2018, their conviction was proven right: &#8220;We have a fantastic relationship with their real estate team. The business is really thriving. They have no national competition. They also have the highest-rated e-commerce website of any retailer.&#8221;
Today, after acquiring over 115 locations since 2013, Tractor Supply is Agree second-largest tenant at 4.9% of base rent. More importantly, TSCO was upgraded to investment grade (BBB by S&amp;P and Baa1 by Moody) in October 2020, validating Agree early assessment of the company credit quality.
Gerber Collision In 2014, Agree identified and met with The Boyd Group, parent company of Gerber Collision, recognizing early that this was a company positioned to consolidate a highly fragmented auto collision repair market. Their first acquisition came in Q3 2017.
By Q1 2018, management was already calling Gerber &#8220;the premier auto collision operator in the United States&#8221; and committed to working with them across all three growth platforms. By Q1 2022, they were describing their strategy as &#8220;identifying early on a retailer that we thought was in a tremendous position to access a fragmented space and had the balance sheet capabilities to do so.&#8221;
The result? Agree built a preferred development relationship with Gerber, developing over 20 locations to support their organic growth. Today, Gerber Collision is their 12th largest tenant with over 95 locations representing 2.3% of base rent.
Sunbelt Rentals First acquired in Q4 2015, Sunbelt Rentals represented Agree&#8217;s bet on the shift from equipment ownership to rental in the construction industry. As management explained in Q4 2019: &#8220;the only investment-grade operator in the country. If you look at the equipment ownership versus rental in this country&#8230; it is very, very low relative to Western Europe. And so, there&#8217;s a big opportunity in this country for equipment rental rather than ownership.&#8221;
The parent company, Ashtead Group, achieved investment grade ratings (BBB- by S&amp;P in August 2018, Baa3 by Moody), and by Q1 2022, management noted that &#8220;Our decision to invest in Sunbelt Rentals was recently reinforced by their upgraded BBB rating by Fitch.&#8221;
Sunbelt is now Agree 13th largest tenant with over 55 locations, representing 2.3% of base rent.
TJX Companies (Ticker: TJX) Agree relationship with TJX (parent of T.J. Maxx, Marshalls, and HomeGoods) dates back to 2012 when they developed their first T.J. Maxx. The company recognized early that off-price retailers had a sustainable competitive advantage in their treasure-hunt shopping experience and deep vendor relationships.
The insight proved prescient. As management noted in Q2 2017: &#8220;At the same time, in terms of women&#8217;s apparel, you look at T.J. Maxx&#8230;the off-price retailers have thrived.&#8221; By Q4 2017, they were saying: &#8220;the TJX Companies&#8230;is now our #5 tenant. We have a strong bias towards off-price retail and the experience and value proposition that it provides for consumers.&#8221;
Today, TJX is their 6th largest tenant at 3.1% of base rent, and the company continues to expand aggressively. Since 2012, Agree has acquired or developed over 55 TJX locations.
Let me give you a comprehensive look at Agree top tenants, because this portfolio tells the story of a company that has systematically assembled the cream of American retail:
Top 15 Tenants by Annualized Base Rent:
<ol start="1" class="wp-block-list">
<li>Walmart (Ticker: WMT) (5.9%, $38.5M ABR) &#8211; The undisputed king of retail, with the most advanced omni-channel operation in the world. Investment grade (AA from multiple agencies).</li>
<li>Tractor Supply (Ticker: TSCO) (4.9%, $31.8M ABR) &#8211; Dominant rural lifestyle retailer with no national competition. Upgraded to investment grade in 2020 (BBB/Baa1).</li>
<li>Dollar General (Ticker: DG) (4.4%, $28.4M ABR) &#8211; Leading small-box discount retailer serving rural and urban markets where traditional retailers can&#8217;t compete economically. Investment grade (BBB/Baa2).</li>
<li>Best Buy (Ticker: BBY) (3.3%, $21.7M ABR) &#8211; The last major electronics retailer standing, with a successful omni-channel model and services business. Investment grade (BBB/Baa1).</li>
<li>Kroger (Ticker: KR) (3.2%, $20.5M ABR) &#8211; One of America&#8217;s largest supermarket chains with advanced digital capabilities and strong market positions. Investment grade (BBB-/Baa1).</li>
<li>TJX Companies (Ticker: TJX) (3.1%, $20.0M ABR) &#8211; Off-price retail leader with T.J. Maxx, Marshalls, and HomeGoods. Investment grade (A-/A2).</li>
<li>CVS Pharmacy(Ticker: CVS) (3.1%, $19.9M ABR) &#8211; Healthcare-focused pharmacy chain with integrated health services. Investment grade (BBB/Baa2).</li>
<li>Dollar Tree (Ticker: DLTR) (2.8%, $18.3M ABR) &#8211; Fixed-price point retailer with defensive characteristics. Investment grade (BB+/Ba1 &#8211; sub-investment grade but improving).</li>
<li>O&#8217;Reilly Auto Parts (Ticker: ORLY) (2.8%, $18.3M ABR) &#8211; Leading automotive aftermarket parts retailer with strong same-store sales growth and e-commerce resistance. Investment grade (BBB+/Baa1).</li>
<li>Hobby Lobby (2.8%, $18.2M ABR) &#8211; Dominant craft retailer with no direct national competition and products difficult to replicate online. Privately held but with investment-grade quality financials.</li>
<li>Lowe&#8217;s (Ticker: LOW) (2.8%, $17.9M ABR) &#8211; Second-largest home improvement retailer with strong omni-channel capabilities. Investment grade (BBB/Baa2).</li>
<li>Gerber Collision (2.3%, $15.2M ABR) &#8211; Leading auto collision repair chain owned by Boyd Group. Investment grade parent (BBB-/Baa3).</li>
<li>Sunbelt Rentals (2.3%, $15.0M ABR) &#8211; Equipment rental leader owned by Ashtead Group. Investment grade parent (BBB/Baa3).</li>
<li>7-Eleven (2.2%, $14.2M ABR) &#8211; Convenience store leader with defensive location characteristics. Investment grade parent.</li>
<li>Burlington (Ticker: BURL) (2.2%, $14.0M ABR) &#8211; Off-price apparel retailer with strong growth trajectory. Sub-investment grade but improving credit profile.</li>
</ol>
What strikes me about this list is the intentionality behind every single tenant. These are not random retail relationships. They are carefully curated partnerships with companies that have either achieved market dominance, possess unique competitive advantages, or operate in sectors with natural barriers to e-commerce disruption.
Perhaps most impressive is the credit quality: 68.3% of Agree base rent comes from investment-grade tenants. This is not an accident. It is the result of a deliberate strategy to partner with retailers that have strong balance sheets and sustainable business models.
The tenant mix also reveals smart sector allocation:
<ul class="wp-block-list">
<li>Grocery Stores (10.1%): Essential, frequent-visit retailers with omni-channel capabilities</li>
<li>Home Improvement (9.1%): Large-ticket items requiring customer inspection and immediate fulfillment</li>
<li>Convenience Stores (7.8%): Location-dependent businesses with defensive characteristics</li>
<li>Tire &amp; Auto Service (7.8%): Services that require physical presence and specialized equipment</li>
<li>Dollar Stores (7.0%): Serving markets too small for traditional competitors</li>
</ul>
I want to spend a moment on Walmart specifically, because at 5.9% of base rent, they are Agree largest tenant, and this relationship exemplifies everything the company does right.
Walmart is not just surviving the retail apocalypse. They are winning it. The company has built the most sophisticated omni-channel operation in retail, with stores serving as fulfillment centers, pickup locations, and last-mile delivery hubs. Their e-commerce growth has been explosive, but rather than cannibalizing store sales, it is making their physical locations more valuable than ever.
For Agree, Walmart represents the perfect tenant: investment grade credit (AA rating), growing business model, and a real estate strategy that aligns perfectly with the omni-channel future. These are not legacy stores that might become obsolete. They are critical infrastructure for Walmart continued growth.
While the tenant quality is impressive, what really captures my attention is Agree&#8217;s balance sheet. This is what a fortress looks like:
<ul class="wp-block-list">
<li>Investment grade ratings: Baa1 from Moody&#8217;s, BBB+ from S&amp;P</li>
<li>Net debt to recurring EBITDA: 4.9x actual, 3.4x proforma (including forward equity)</li>
<li>Fixed charge coverage ratio: 4.3x</li>
<li>No material debt maturities until 2028</li>
<li>Total liquidity: approximately $2.6 billion</li>
<li>Outstanding forward equity: over $1.3 billion</li>
<li>Revolver capacity: $1.2 billion</li>
</ul>
This gives them tremendous flexibility to take advantage of market dislocations.
With their fortress balance sheet and $2.6 billion in liquidity, Agree is positioned for accelerated growth. Management recently raised their 2025 investment guidance to $1.3-$1.5 billion (up from $1.1-$1.3 billion), reflecting confidence in their ability to find attractive opportunities.
The investment pipeline is enormous: management estimates over 169,000 net lease opportunities across their target sectors, with $92+ billion in opportunities reviewed since 2018. They have been highly selective, investing only $8.0 billion over that period, demonstrating disciplined capital allocation.
In a world where dividend cuts have become commonplace, Agree has paid 159 consecutive monthly dividends with an average AFFO payout ratio of just 75% over the past ten years. The dividend has grown at approximately 6% annually over the past decade, reaching $2.99 per share in 2024.
This is not a yield play built on an unsustainable payout ratio. It is a genuine dividend growth story backed by growing cash flows and conservative financial management.
Here is what I find most compelling about Agree Realty: they have built a dominant position in a sector that most investors still view with skepticism. This creates a sustained competitive advantage. While others avoid retail real estate, Agree gets first look at the best opportunities.
The &#8220;retail apocalypse&#8221; narrative has created a two-tiered market where strong retailers with good real estate get phenomenal terms, while struggling concepts cannot secure financing at any price. Agree benefits from both sides of this dynamic: they get attractive pricing on quality assets while weak competitors are eliminated from their markets.
In a market obsessed with the next shiny object, Agree Realty has quietly built one of the highest-quality REIT portfolios in the market by betting on American retail evolution rather than its demise. They have assembled a collection of retailers that are not just surviving the omni-channel transition. They are thriving because of it.
While others were running from retail real estate, Agree was building relationships with the winners. While others were chasing yield at any cost, Agree was building a sustainable dividend growth engine. While others were leveraging up in good times, Agree was building a fortress balance sheet for all seasons.
This is the kind of contrarian, quality-focused investment that can anchor a portfolio for decades. In a world of uncertainty, Agree Realty offers something increasingly rare: predictable, growing cash flows backed by essential real estate infrastructure and managed by a team with a &#x2A;proven track record of outstanding capital allocation.
Sometimes the best investments are hiding in plain sight, dismissed by the crowd but quietly compounding wealth for those patient enough to see past the headlines.
The insiders in real estate see the opportunity.
You should as well.

Opinion

BURL

ORLY

TSCO

Alpha Buying: How This Company Quietly Took Over American Storefronts

Shares of Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell for 10 straight trading sessions, from June 3 to June 17, before finally snapping its streak, and posting a 0.89% gain on Wednesday, June 18.
What Happened: The two-week-long pullback knocked 5.73% off the company&#8217;s market capitalization, while marking the stock&#8217;s longest losing streak since 2004.
Despite this, the stock is up 5.66% year-to-date, and 83% over the past two years, significantly outperforming the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), as well as the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), which are up 1.91% and down 3.86% year-to-date, respectively.
See Also: <a href="https://www.benzinga.com/news/financing/25/06/46019534/elon-musks-x-plans-to-launch-in-app-stock-trading-to-challenge-robinhood-sofi-ceo-says-youll-whole-financial-life-could-be-on-the-platform">Elon Musk&#8217;s X Plans To Launch In-App Stock Trading To Challenge Robinhood, SoFi — CEO Says You&#8217;ll &#8216;Whole Financial Life&#8217; Could Be On The Platform</a>
Leading analysts continue to maintain a bullish outlook on the stock, with a consensus price target of $105.74, representing an upside of 11.1% from current levels.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING &#x1f6a8;: Walmart<a href="https://twitter.com/search?q=%24WMT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WMT</a> has now declined for 10 consecutive days, its longest losing streak since June 2004 &#x1f4c9;&#x1f4c9;&#x1f4c9; <a href="https://t.co/vMUxNKoX2u">pic.twitter.com/vMUxNKoX2u</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1935070450175893507?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Recently, the company has also <a href="https://www.benzinga.com/news/politics/25/06/45916986/walmart-heiress-takes-on-trump-with-no-kings-ad-white-house-calls-it-burning-some-of-her-inheritance-for-a-pr-stunt">been in the news</a> owing to Walmart heiress Christy Walton taking out a full-page ad in the New York Times in support of the &#8220;No Kings&#8221; movement last week, against President Donald Trump.
Several allies of Trump have since called for boycotting Walmart in response to this ad, with White House Special Advisor, Kari Lake indirectly asking her followers on X, &#8220;Do you shop at Walmart?&#8221;
The company is now going all out on <a href="https://www.benzinga.com/markets/large-cap/25/06/45748544/walmart-leverages-automation-and-ai-to-cut-costs-and-grow-paving-the-way-for-other-retailers-report">automation and AI</a> to cut costs and boost growth, with several labor-saving technologies being piloted across certain outlets and warehouses.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Walmart made $4.6B appear &#8211; then 1,500 people disappear. Profits are up. E-comm? +22%. Ad revenue? +50%. Still&#8230; pink slips&#8230; because "efficiency." Now zoom out and check out the hiring trends: &#8211; Hires are tanking across every level &#8211; Staff exits &gt; hires for 6 months… <a href="https://t.co/GGpJRX1siO">pic.twitter.com/GGpJRX1siO</a>
&mdash; Amanda Goodall (@thejobchick) <a href="https://twitter.com/thejobchick/status/1925314975767376377?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Staffing analyst Amanda Goodall has shared this on X, noting that despite rising profits across ecommerce, advertising revenues, and more, pink slips fly, as the company pursues efficiencies driven by AI and automation. 
Price Action: Walmart shares were up 0.89% on Wednesday, trading at $95.09 per share, and are up 0.01% after hours. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20030529/Screenshot-2025-06-20-at-12.35.18-PM-1024x146.png" alt="" class="wp-image-955558" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20030529/Screenshot-2025-06-20-at-12.35.18-PM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20030529/Screenshot-2025-06-20-at-12.35.18-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20030529/Screenshot-2025-06-20-at-12.35.18-PM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20030529/Screenshot-2025-06-20-at-12.35.18-PM.png 1534w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Walmart shares score high across the board, but have an unfavorable price trend in the short and medium terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46020016/pavel-durovs-100-plus-children-wont-see-a-cent-of-his-fortune-until-2055-heres-what-the-telegram-ceo-plans-to-do-with-his-estate">Pavel Durov&#8217;s 100-Plus Children Won&#8217;t See A Cent Of His Fortune Until 2055, Here&#8217;s What The Telegram CEO Plans To Do With His Estate</a></li>
</ul>
Photo courtesy: Shutterstock

Walmart Snaps 10-Day Losing Streak: It's Longest Since 2004, As Profit-Takers Step Aside

The U.S. markets will be closed on Thursday, June 19, in observance of Juneteenth National Independence Day, a federal holiday commemorating the end of slavery in the United States.
What Happened: According to the guidance from the Securities Industry and Financial Markets Association, the New York Stock Exchange and the Nasdaq will both suspend trading for the day, along with the U.S. bond market, which will also remain closed. Trading will resume as normal on Friday, June 20.
Juneteenth is the newest federal holiday in the calendar, having been designated only in 2021 by former President Joe Biden, 156 years after Major General Gordon Granger ordered the final enforcement of the Emancipation Proclamation in Texas on June 19, 1865.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010064/ayatollah-assassination-discussion-rejected-by-putin-i-do-not-even-want-to-discuss-this-possibility">Ayatollah Assassination Discussion Rejected By Putin: &#8216;I Do Not Even Want To Discuss This Possibility&#8217;</a>
The decision to make this a national holiday was undertaken following <a href="https://www.benzinga.com/news/24/06/39397814/is-the-market-open-on-juneteenth">months of widespread protests</a> against racial injustice and inequality in 2020. 
While financial markets will be off on Thursday, not all sectors will stop functioning. Most federal government offices, bank branches, schools, and even the U.S. Postal Service will be shutting down, with many state and local government offices also observing the holiday.
Private companies, however, aren&#8217;t required by law to close for federal holidays, and retailers such as Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) will continue <a href="https://edition.cnn.com/2025/06/18/business/open-closed-juneteenth">to</a> remain open during their normal working hours. 
Major banks such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), among others, will be closed, while online banking and ATMs will continue to function. 
Why It Matters: For years, Juneteenth celebrations were <a href="https://www.benzinga.com/news/22/06/27699154/juneteenth-2022-whats-open-whats-closed-and-what-is-the-holiday-all-about-1">restricted only to Texas</a>, but following the unrest that stemmed from the death of George Floyd in 2020, there were growing calls for making it a nationwide holiday.
Besides Juneteenth, the markets remain closed for <a href="https://www.benzinga.com/money/stock-market-holidays">eight other federal holidays</a>, with the following occasions in the coming months,
<ul class="wp-block-list">
<li>Friday, July 4th—Independence Day</li>
<li>Friday, September 5th—Labor Day</li>
<li>Monday, November 24th—Thanksgiving</li>
<li>Friday, December 26th—Christmas Day</li>
</ul>
Photo Courtesy: iHumnoi on Shutterstock.com Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46010451/peter-schiff-doesnt-think-stablecoins-will-help-preserve-dollar-dominance-heres-what-the-economist-says-theyll-do-instead">Peter Schiff Doesn&#8217;t Think Stablecoins Will Help Preserve Dollar Dominance — Here&#8217;s What The Economist Says They&#8217;ll Do Instead</a></li>
</ul>

Are Markets Open On Juneteenth This Year? Here's What's Open And What's Closed On June 19

Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) has outperformed the market over the past 10 years by 3.65% on an annualized basis producing an average annual return of 14.57%. Currently, Walmart has a market capitalization of $750.72 billion. 
Buying $1000 In WMT: If an investor had bought $1000 of WMT stock 10 years ago, it would be worth $3,884.46 today based on a price of $94.07 for WMT at the time of writing.
<h3>Walmart's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750203014_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.

Here's How Much You Would Have Made Owning Walmart Stock In The Last 10 Years

The best investments you will ever make in your entire life are those in sectors and opportunities where almost nobody else agrees with you.
The consensus holds that the asset class you are reviewing is terrible and investing there will almost certainly lead to immediate and severe loss of funds.
Right at this moment, as we survey Wall Street and Main Street, it is probably easier to find eight-year-old kids looking forward to a dinner of liver and onions with chicken gizzards and broccoli than openly enthusiastic advocates of investing in commercial real estate.
When you take an asset class this universally hated and discover that only private equity professionals truly love it, I start to get interested.
Recently, KKR &amp; Co (Ticker: KKR) came out and waxed poetic about opportunities in commercial real estate debt, pointing out severe price contractions. Low prices tend to bring out buyers and dealmakers, exactly what we are seeing.
John Gray at Blackstone (Ticker: BX) has emerged as a vocal advocate, pounding the table that this is the time to be opportunistic and aggressive. Gray came up through Blackstone&#8217;s real estate division and knows these markets intimately. His firm has generated tremendous returns for themselves and investors in commercial real estate.
When the best minds in private equity begin to pick at and nibble around a sector, it is generally time to start getting interested.
When I examine commercial real estate, offices immediately come to mind. The conventional wisdom holds that offices are empty, and nobody will ever work in them again. People envision office space as something from a post-apocalyptic movie.
In a word, bleak.
The forecast appears terrible.
Workers want to stay home in their sweatpants with dress shirts and ties for Zoom (Ticker: ZM) calls.
That paradigm is shifting. We have completed our work-from-home experiment. The office decline is beginning to ebb, stabilizing at a new, lower baseline.
Across the country, return-to-work policies are emerging. Financial services led the charge. The federal government has made it official policy. State and local governments are following suit.
Artificial intelligence companies are mandating office returns, recognizing that breakthrough innovation requires massive collaborative efforts that demand physical presence.
Return-to-work mandates represent just one factor.
Construction has virtually stopped. Even developers interested in office construction cannot secure financing for new projects.
According to a recent CBRE Group (Ticker: CBRE) report, the math has fundamentally shifted. The combined number of office conversions, to life science buildings, medical facilities, condominiums, and residential buildings, plus outright demolitions exceeds new supply coming to market in many U.S. markets.
We are witnessing the creation of a supply-constrained office market, particularly for Class A space where everyone wants to locate.
Within just a few years, we will face a supply-and-demand imbalance resulting in an actual shortage of high-end Class A office space.
This trend is emerging everywhere, even in battered markets like San Francisco. There, AI-related office space has grown fivefold over recent years and is projected to triple again over the next five years.
&nbsp;Demand is building while new supply remains nonexistent. Office real estate is beginning to improve, yet nobody is paying attention.
For three to four years running, I have heard predictions that multifamily real estate will collapse. These forecasts began with the initial post-pandemic surge that elevated multifamily values.
The reality is we face a massive affordability crisis in residential real estate. Three factors have created a perfect storm: older homeowners with no intention of moving, persistently high mortgage rates, and builders correctly focused on higher-margin market segments.
This combination has eliminated supply at the market&#8217;s lower end.
Estimates of the housing shortage range from two million to six million units, with the true number likely between four and five million.
We face an absolute shortage of new single-family and attached homes (think townhouses rather than condominiums).
Substantial new supply will not come online until older homeowners who own much of existing inventory either pass away or are convinced by their children to relocate. Something must break this logjam.
The mathematics are stark: older homeowners hold mortgages below four percent, creating zero incentive to sell and generate new inventory.
New construction requires tax and economic incentives to make first-time and move-up home building financially viable for developers. That relief remains distant.
The Mortgage Brokers Association forecasts no significant pickup in single-family housing activity over the next several years, nor any meaningful decline in mortgage rates.
Paradoxically, if mortgage rates do fall meaningfully, it will signal that economic activity has ground to a halt, creating different affordability problems entirely.
This dynamic sustains strong multifamily demand. An entire demographic cohort that would typically have purchased homes remains trapped in apartments.
These demographic shifts are creating apartment demand surges. The substantial building wave over recent years to meet post-COVID demand filled immediately upon completion. Construction is decelerating as financing becomes more selective. Lenders will only finance the best apartment complexes in the hottest, highest-end markets.
This pullback makes multifamily commercial real estate particularly attractive, especially if acquired during broader market sell-offs.
Logistics and industrial real estate has emerged as the hottest market, driven by global supply chain restructuring and e-commerce growth. Warehousing has migrated from central districts to locations closer to cities and towns.
&nbsp;Currently, everyone is holding their breath over trade uncertainties and their potential impact on global logistics and supply chains.
This too shall pass.
The underlying demand remains robust. While we experienced a supply surge as supply chains were remade following early COVID disruptions, that wave is now ebbing.
Demand has remained strong, existing supply is filling up, and occupancy rates are very high. The outlook for industrial and logistics real estate remains very positive.
Retail properties present a bifurcated market similar to office real estate. Second and third-tier malls are finished, destined for the dustbin of history. However, Class A malls with premier tenants, exceptional entertainment and dining options, and high-end retail remain fantastic businesses.
Outlet malls continue to thrive.
Open-air centers that are internet-resistant featuring grocery stores, gyms, medical offices, and pharmacies are performing exceptionally well.
Single-tenant net lease retail properties represent another compelling opportunity. These include Walgreens(Ticker: WBA), Starbucks (Ticker: SBUX), Home Depot (Ticker: HD), Walmart (Ticker: WMT), McDonald&#8217;s (Ticker: MCD), Burger King (Ticker: QSR), and other standalone businesses.
When you examine the four corners of any major city intersection, those corner buildings typically house net lease, single-tenant real estate. This is one of my favorite segments of the real estate market and a fantastic business model.
Most commercial real estate sectors are performing well. The only serious problems have been concentrated in downtown office buildings, and even there, the combination of constrained new supply, return-to-work mandates, conversions, and demolitions is generating meaningful market improvement.
This presents an opportune time to consider commercial real estate investments: direct property ownership, commercial real estate companies, servicing companies, and non-REIT companies that own real estate assets. Real opportunity exists here because no one on Wall Street that I am aware of is advocating for commercial real estate and commercial real estate services. Numerous companies are flying well under the radar, potentially offering huge long-term returns for patient, aggressive investors willing to step into the liver and onions of current financial markets.
FRP Holdings (Ticker: FRPH) embodies everything I discussed about commercial real estate opportunities. This Jacksonville, Florida-based holding company operates across four distinct segments that perfectly capture the themes I believe are driving the commercial real estate renaissance: Industrial and Commercial properties, Mining Royalty Lands, Development, and Multifamily residential.
The crown jewel of FRP Holding's portfolio remains largely invisible to most investors.
It is approximately 16,650 acres under lease for mining rents or royalties and an additional 4,280 acres through its Brooksville joint venture with Vulcan Materials. These properties contain reserves totaling over 500 million tons, representing decades of steady cash flow.
I find the mining segment particularly attractive because it brings in approximately $10 million annually in revenue with roughly 90% free cash flow margin, generating $9 million in free cash flow.
Think about that mathematics for a moment. &nbsp;
This represents the purest form of real estate investment, land that generates income without the headaches of tenant management, building maintenance, or capital expenditure cycles. The mining royalty business provides FRP Holdings with a steady foundation of cash flow that supports their more aggressive development activities.
I also like FRP Holding's multifamily portfolio concentration in the Washington D.C. market, exactly where I want exposure as a real estate investor. D.C. is fairly recession-resistant since the federal government is the biggest employer in the area.
The company owns interests in multiple apartment complexes including Dock 79, The Maren, The Verge, Bryant Street, and .408 Jackson through joint ventures.
The strategic positioning becomes clear when you examine FRP Holding's development pipeline. The company has executed an agreement with Steuart Investment Company and MidAtlantic Realty Partners for the development of up to ten mixed-use projects in the Capitol Riverfront and Buzzard Point submarkets of Washington, D.C.
&nbsp;Upon completion and stabilization, these projects will comprise over 3 million square feet of mixed-use development including 3,000 residential units and 150,000 square feet of retail.
I see FRP Holding's industrial segment perfectly capturing the trends I discussed earlier about logistics and warehousing demand.
The company entered into two new joint venture agreements in early 2024 with Altman Logistics. The first joint venture is a 200,000 square-foot warehouse development project in Lakeland, FL, and the second joint venture is a 182,000 square-foot warehouse redevelopment project in Broward County, FL.
Shell construction on their spec warehouse project in Aberdeen, MD on Chelsea Road was completed effective April 1, 2025, and is in the lease-up phase.
&nbsp;This 258,000 square-foot industrial asset in Harford County, Maryland represents exactly the type of modern logistics facility that companies need as they restructure supply chains closer to population centers.
I find the company&#8217;s industrial strategy particularly well-timed. FRP Holding aims to double its industrial segment over five years by delivering three new industrial assets every two years.
This aggressive expansion targets markets where demand for modern warehouse and distribution facilities continues growing while new supply remains constrained.
One of the most compelling aspects of FRP Holdings that involves its ownership structure and management alignment. The Baker family owns approximately 35% of the company, with the CEO owning 14.8% and other family members owning an additional 20.8%.
Company CEO John Baker is the largest shareholder with 15% of shares outstanding.
This represents serious skin in the game.
&nbsp;When management owns more than one-third of the business, their interests align perfectly with my interests as an outside shareholder.
The Baker family has shown that they are willing to sell if the right offer presents itself, which creates substantial shareholder value.
They have also demonstrated disciplined capital allocation, evidenced by the company repurchasing $20 million of shares during the pandemic below NAV.
I see FRP Holding's development pipeline providing multiple catalysts for future growth. In 2025, the company anticipates moving forward with two multifamily projects outside the DC area, one in South Carolina and the other in southwest Florida.
The company&#8217;s development expertise spans nearly four decades. Through its subsidiaries, FRP Development Corp &amp; Florida Rock Properties, Inc., FRP Holdings has nearly 40 years of development experience.
Several factors contribute to FRP Holding's relative obscurity among investors, which I view as an opportunity. FRP Holdings is covered by 4 analysts, with 0 of those analysts submitting estimates of revenue or earnings used as inputs to reports. The company operates in unfashionable sectors, mining royalties, apartment buildings, and warehouses, rather than the technology or growth companies that capture headlines.
FRPH does not currently pay a dividend, which eliminates income-focused investors from the shareholder base.
The company&#8217;s complex structure across multiple real estate segments requires more analysis than most investors want to undertake. This complexity creates the opportunity for those of us willing to do the work.
I believe FRP Holdings represents everything attractive about the commercial real estate opportunity I described. The company combines steady cash flows from mining royalties, growth potential from industrial development, and strategic positioning in recession-resistant Washington D.C. multifamily markets.
Management owns more than one-third of the business and has demonstrated disciplined capital allocation over decades.
This combination of quality assets, aligned management, and market neglect creates exactly the type of contrarian opportunity that I believe patient investors should embrace.
For investors willing to step into the liver and onions of today&#8217;s financial markets, I see FRP Holdings offering compelling exposure to the commercial real estate renaissance that nobody wants to discuss. The best investments you will ever make are those where almost nobody else agrees with you, and right here, almost nobody is paying attention to FRP Holdings.

CBRE

FRPH

SBUX

Under the Radar: The Contrarian Case for Commercial Real Estate Is Getting Stronger

<a href="https://www.bloomberg.com/news/articles/2025-06-17/walmart-wmt-pushes-toward-shoppable-tv-experience-with-vizio-deal?srnd=homepage-americas&amp;embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-06-17/walmart-wmt-pushes-toward-shoppable-tv-experience-with-vizio-deal?srnd=homepage-americas&amp;embedded-checkout=true</a>

'Walmart Pushes Toward Shoppable TV Experience With Vizio Deal'- Bloomberg

Walmart And Soda Health Collaborate To Launch Walmart Everyday Health Signals Program To Select Medicare Advantage And Medicaid Members

Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45965741/double-the-days-millions-of-deals-amazon-announces-prime-day-event-from-july-8-to-july-11-offering" rel="noreferrer noopener">announced on Tuesday</a> that its annual Prime Day sales event will be held from July 8 to July 11, expanding from two to four days.
Prime members have double the time to shop millions of deals, with savings on everything from pantry staples and snacks for summer gatherings to home improvement must-haves, back-to-school supplies, health, and personal care finds, family-favorite toys, bestselling books, pet essentials, and even premium and luxury splurges.
Members can enjoy discounts across brands like Samsung, Kiehl&#8217;s, and Levi&#8217;s.
Also Read: <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45820714/amazon-eyes-7-billion-in-savings-by-2032-with-robots-and-ai-powering-delivery-and-fulfillment-analyst" target="_blank" rel="noreferrer noopener">Amazon Eyes $7 Billion In Savings By 2032 With Robots And AI Powering Delivery and Fulfillment: Analyst</a>
These special offers launch daily at midnight PDT and remain available for a limited time while supplies last.
Members can also check back frequently to discover incredible savings, with deals dropping as often as every five minutes during select periods throughout the event.
As the Trump administration&#8217;s tariff policies take effect, making foreign-manufactured goods more expensive for U.S. consumers, investors are keenly focused on Amazon&#8217;s upcoming shopping event. 
Prior reports indicate that Amazon has been proactively engaging its suppliers, urging them to offer significant low, double-digit discounts across a wide array of products, from homeware to consumer electronics. 
Goldman Sachs&nbsp;analysts <a target="_blank" href="https://www.benzinga.com/media/25/04/45086459/amazon-pressures-suppliers-for-discounts-may-show-tariff-related-costs-on-haul-site" rel="noreferrer noopener">told the Financial Times</a> that the tariffs would affect 6%-12% of Amazon&#8217;s operating margins in 2025.
Several logistics providers and analysts told the Financial Times that Amazon had brought forward shipments and had pivoted to purchasing goods from suppliers in the U.S.
Reportedly, Amazon CEO Andy Jassy <a href="https://www.benzinga.com/news/management/25/05/45551594/amazon-ceo-andy-jassy-no-slowdown-in-consumer-spending-amid-tariffs" target="_blank" rel="noreferrer noopener">did not note</a> any significant changes in consumer spending.
In 2024, JPMorgan analyst Doug Anmuth&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39752347/amazon-prime-day-2024-innovations-set-to-overcome-economic-challenges-ramp-up-sales" rel="noreferrer noopener">projected a total GMV</a> of $12.4 billion for Prime Day, reflecting a 12% increase backed by total retail net sales of $7.9 billion, marking an 11% growth. Notably, $5.8 billion of these net sales are deemed incremental, representing a 13% rise compared to sales without Prime Day.&nbsp;
According to Anmuth, Prime Day&#8217;s financial impact extends beyond the two-day event. The analyst noted that Prime Day drives Prime Member acquisition.
Price Action: Amazon stock was down 0.92% at $214.11 premarket at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45957597/rokus-amazon-deal-revenue-to-be-a-gradual-ramp-not-a-sudden-boost-analyst-says" target="_blank" rel="noreferrer noopener">Roku&#8217;s Amazon Deal Revenue To Be A &#8216;Gradual Ramp,&#8217; Not a Sudden Boost, Analyst Says</a></li>
</ul>
Image via Shutterstock

BABA

COST

Amazon Extends Prime Day In July As Tariff-Hit Shoppers Hunt Bargain Deals

Israel has <a href="https://www.benzinga.com/markets/commodities/25/06/45965846/israel-is-pounding-irans-energy-infrastructure-and-its-sending-these-oil-etfs-soaring-but-it-maybe-bad-news-at-the-gas-pump">attacked Iran's energy infrastructure</a> in a bid to cripple the economic foundations of the Middle Eastern country in the ongoing military conflict.
However, Iran's energy woes are not new. The domestic energy sector has been struggling and the regime's cryptocurrency endeavors may have contributed to the problem.
What Happened: Iran pivoted to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining as a tool to bypass sanctions that have impacted its economy and curtailed access to international finance. It also signaled <a href="https://www.benzinga.com/news/global/24/12/42384513/iran-plans-to-regulate-crypto-to-nullify-sanctions-as-trump-set-to-oversee-administration">plans to regulate cryptocurrency</a>, aiming to "eliminate negative impacts while leveraging positive effects" of digital currencies.
But what began as a state-sanctioned workaround for sanctions has "mutated into a security vulnerability," <a href="https://www.meforum.org/mef-observer/how-irans-cryptocurrency-gamble-empowers-the-revolutionary-guards-and-drains-the-state">said </a>the Middle East Forum, a conservative think tank that promotes U.S. interests in the Middle East and a harsh critic of the Iranian regime.
"While Iran's power grid began experiencing seasonal shortages in 2018, the problem intensified dramatically with the introduction of crypto mining," according to a report by the think tank.
The report blamed Iran's Revolutionary Guards for the mess, claiming that the group fought the government&#8217;s efforts to shut down illegal mining while using cryptocurrencies to increase their riches.
Iran International, a London-based Persian-language network critical of Iran&#8217;s leadership, published a similar <a href="https://www.iranintl.com/en/202412215163">report</a><a href="https://www.iranintl.com/en/202412215163" target="_blank" rel="noopener"> </a>last year, discussing the impact of Bitcoin mining on overburdening the energy grid.
<a href="http://pro.benzinga.com">Benzinga</a> reached out to the Iranian government for a comment. The story will be updated when they respond.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: These energy woes come amid escalating tensions with Israel that risks snowballing into a full-scale conflict that may bring in other major nations.
On Monday, President Donald Trump sent alarm bells ringing when he urged everyone to "immediately"&nbsp;<a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform" target="_blank" rel="noreferrer noopener">evacuate the city</a>&nbsp;of Tehran. Israel has been launching strikes on Iran since Thursday of last week, but the U.S. has stayed out of the conflict thus far.
While Iran has also launched missile attacks in retaliation, their frequency has reportedly decreased as a result of Israel's targeted strikes on<a href="https://www.benzinga.com/markets/equities/25/06/45944854/irans-missile-stockpile-may-be-shrinking-as-strikes-on-israel-taper-off-says-think-tank-lmt-rtx-" target="_blank" rel="noreferrer noopener">&nbsp;Iran's missile stockpile and launch capability</a>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Anthony Scaramucci Welcomes Philippe Laffont&#8217;s Bitcoin Advocacy After Billionaire Hedge Fund Manager Says Apex Crypto Has Become &#8216;Central&#8217; To Investment Portfolios</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

Iran's Electric Infrastructure May Be Under Attack Today But It Was Already Crumbling — One Of The Culprits May Have Been Bitcoin

Max Keiser, known for his early advocacy and unwavering enthusiasm regarding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), has made some eye-popping forecasts regarding its price.
What happened: During an interview with Simply Bitcoin in September of last year, Keiser dissected how Bitcoin is mathematically guaranteed to increase in purchasing power and potentially hit a market capitalization of even $300 trillion
"The price is just a proxy for how quickly the fiat world is disintegrating," said Keiser, who also serves as the senior Bitcoin advisor to the El Salvador president.
Keiser expressed confidence that Bitcoin will "demonetize" gold, the bond market and the stock market.&nbsp;
"So now you&#8217;re talking about Bitcoin worth $100 trillion, $200 trillion, $300 trillion. These are all completely within the realm of highly probable going forward," he projected.&nbsp;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Max Keiser: Why Bitcoin Could Be A $300 Trillion Asset Class &#x7C; Ep 1075" width="500" height="281" src="https://www.youtube.com/embed/lnE7o9B0dhQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Let's assume Keiser's prediction comes true and Bitcoin indeed rises to a market value of $300 trillion. This would mean a whopping 14900% jump from its current capitalization of $2.11 trillion.
Assuming that this feat is reached once the entirety of BTC&#8217;s supply, i.e., 21 million, is mined in 2140, the price of one Bitcoin will rise to roughly $14.29 million.
But what if we get there much earlier? As of this writing, 19.87 million BTC have been mined. Assume the $300 trillion figure is achieved when the circulating supply reaches 20 million. At that point, one Bitcoin will cost $15 million.
It&#8217;s worth noting that Keiser&#8217;s faith in Bitcoin was so strong that<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39420309/who-is-bitcoin-influencer-max-keiser" target="_blank" rel="noreferrer noopener">&nbsp;he became one of the first mainstream journalists</a>&nbsp;to cover it when it was priced at only $0.30. Moreover, he predicted it to hit $100,000 when it was around $1 in 2011.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The only Bitcoin prediction of mine that truly matters is in 2011, at $1, I said it was going to $100,000 This was said on my show, etc As far as new predictions… The only metric you need to know is that everything is going to zero against Bitcoin. <a href="https://t.co/GXTdn8asvl">https://t.co/GXTdn8asvl</a>
&mdash; Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1932809530628583567?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $106,744.49<span style="color: rgb(255, 255, 255); font-family: Inter, -apple-system, BlinkMacSystemFont, &quot;segoe ui&quot;, Roboto, Helvetica, Arial, sans-serif; font-size: 15px; white-space-collapse: collapse; background-color: rgb(13, 20, 33);">, down 0.35% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Anthony Scaramucci Welcomes Philippe Laffont&#8217;s Bitcoin Advocacy After Billionaire Hedge Fund Manager Says Apex Crypto Has Become &#8216;Central&#8217; To Investment Portfolios</a></li>
</ul>
Photo: Shutterstock

Max Keiser Once Predicted Bitcoin Could Hit A $300 Trillion Market Cap — Here's How Much 1 BTC Would Be Worth If That Happens

Sen. Elizabeth Warren (D-Mass.) took potshots at billionaires Elon Musk and Jeff Bezos on Monday, warning that stablecoin legislation would enable them to "exploit" user data and engage in unfair trade practices.
What happened: In an X post, Warren argued that the GENIUS Act, also known as the stablecoin bill, has a &#8220;major loophole&#8221; that allows Big Tech and major retailers to issue their own stablecoins, which, according to her, could lead to significant risks for consumers and the economy.
"If Congress doesn't fix the GENIUS Act, billionaires like Elon Musk and Jeff Bezos could launch stablecoins that track your purchases, exploit your data, and squeeze out competitors," Warren alleged.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Congress doesn't fix the GENIUS Act, billionaires like Elon Musk and Jeff Bezos could launch stablecoins that track your purchases, exploit your data, and squeeze out competitors. These billionaires will come begging for a taxpayer bailout when it inevitably blows up. <a href="https://t.co/viKxVhdcsd">pic.twitter.com/viKxVhdcsd</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1934686954588700893?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The senator further predicted that if the stablecoin endeavors fail, the billionaires will come "begging for a taxpayer bailout."
Benzinga didn&#8217;t immediately hear back from Amazon and Musk&#8217;s companies, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and SpaceX, for a response.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: Warren's attack comes after reports that Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a href="https://www.benzinga.com/crypto/25/06/45923585/walmart-amazon-eye-stablecoin-adoption-in-a-potential-shift-from-traditional-currencies-report">were exploring the possibility of issuing their own stablecoins</a>.
Warren had also raised concerns over Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45923283/elizabeth-warren-slams-mark-zuckerberg-over-reported-stablecoin-ambitions-citing-national-security-threat-meta-says-no-such-plans">potential stablecoin revival plans</a> in a letter to CEO Mark Zuckerberg last week. Meta denied any such plans in a note to Benzinga.
The senior lawmaker has been waging a battle against the GENIUS Act, stating that passing the legislation without necessary amendments would <a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">enable corruption and illegal activities</a>. She has specifically spoken about the involvement of President Donald Trump and his family in the space.
The GENIUS Act aims to transform stablecoins from a crypto settlement tool into a mainstream financial rail. It is <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45947687/stablecoins-set-to-be-internets-digital-cash-genius-act-may-position-us-as-global-hub-says-bernstein">scheduled for a Senate vote this week</a> and is expected to pass by the end of summer.
Price Action:&nbsp; Shares of Amazon were down 1.14% in after-hours trading after closing 1.89% higher at $216.10 during Monday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Walmart shares fell 0.20% in after-hours trading.
AMZN demonstrated a very high growth score as of this writing. To find out how it stacks up against Walmart on this metric, click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="562" height="415" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17005423/image-249.png" alt="" class="wp-image-951592" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17005423/image-249.png 562w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17005423/image-249-300x222.png 300w" sizes="(max-width: 562px) 100vw, 562px" /></a></figure>
 Photo courtesy: Sheila Fitzgerald / Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Anthony Scaramucci Welcomes Philippe Laffont&#8217;s Bitcoin Advocacy After Billionaire Hedge Fund Manager Says Apex Crypto Has Become &#8216;Central&#8217; To Investment Portfolios</a></li>
</ul>

Politics

Elizabeth Warren Says Billionaires Like Jeff Bezos And Elon Musk Will 'Track Your Purchases' If Allowed To Launch Stablecoins, And Stick You With The Bill When It 'Blows Up'

Digital assets are displaying resilience amid geopolitical volatility, posting $1.9 billion in net inflows for the week ending June 14, according to Coinshares.
This surge brings cumulative year-to-date inflows to $13.2 billion, setting a new annual record for the sector.
"Digital assets remained resilient, attracting inflows alongside gold," the <a href="https://coinshares.com/corp/insights/research-data/fund-flows-16-06-2025/">report </a>stated, noting that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) led the surge. 
Bitcoin recorded $1.3 billion in inflows, while Ethereum saw $583 million, marking its strongest weekly inflow since February. 
CoinShares also highlighted Ethereum's inflows have now reached $2 billion year-to-date, equivalent to 14% of its total assets under management (AuM).
The inflow pattern was notably regional. 
The U.S. alone contributed $1.9 billion in weekly inflows, making up the bulk of the week&#8217;s total. Switzerland, Germany and Canada followed with $20.7 million, $39.2 million, and $12.1 million, respectively.
However, Hong Kong and Brazil saw net outflows of $56.8 million and $8.5 million, respectively.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45953644/truth-social-etf-filing-bitcoin-ethereum">Truth Social&#8217;s Bitcoin And Ethereum ETF Filing With SEC Aims For 75% BTC, 25% ETH</a>
Investor interest also returned to altcoins. 
Ripple&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), following three weeks of outflows, saw a rebound with $11.8 million in inflows. 
The (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>) blockchain platform attracted $3.5 million, adding to a diverse trend of asset accumulation.
Short Bitcoin products, though marginal, also saw $3.7 million in inflows.
Their total assets under management remain low at $96 million, reflecting subdued bearish sentiment.
The data suggests digital asset markets are increasingly decoupled from traditional risk-off behavior. 
"Digital assets defy geopolitical tensions," the report stated, highlighting continued confidence among institutional and retail investors alike.
The rally comes ahead of a pivotal week for macroeconomic signals. 
On Wednesday, markets await the Federal Reserve's interest rate decision, a new FOMC dot plot and initial jobless claims, all set to land within hours of each other.
Current futures imply a 97% probability of a rate hold, but investors are watching closely for any shift in tone around potential rate cuts later this year.
Beyond monetary policy, structural shifts are underway in digital payments. 
Retail giants Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are reportedly evaluating proprietary stablecoins pending clarity on the GENIUS Act, a proposed U.S. law that could enable corporations to issue digital dollars directly.
"Should the GENIUS Act pass, crypto's utility narrative, especially around stablecoins, could accelerate dramatically," &nbsp;Stella Zlatareva, Nexo Dispatch editor said in a note to Benzinga.
Read Next: 
 • <a href="https://www.benzinga.com/crypto/25/06/45951049/justin-suns-tron-plans-us-public-listing-amid-deepening-ties-with-trump-family-and-crypto-political-shift">Justin Sun&#8217;s Tron Plans US Public Listing Amid Deepening Ties With Trump Family And Crypto-Political Shift</a>

Global

$ETH

$SUI

$XRP

Bitcoin, Ethereum Lead $1.9 Billion Digital Asset Inflows Amid Global Tensions, CoinShares Finds

Stablecoins are poised to become the default digital cash for the Internet. According to a Bernstein research note published Monday, the proposed Stablecoin GENIUS Act could establish the United States as the global epicenter of stablecoins.
The legislation, officially named the Guiding and Establishing the National Innovation for U.S. Stablecoins Act of 2025, is scheduled for a Senate vote this week. It is expected to pass by the end of summer.
The GENIUS Act aims to transform stablecoins from a crypto settlement tool into a mainstream financial rail. 
"We expect stablecoins to evolve from the money rail of crypto to the money rail of the internet, driving transformative financial services buildout over the next decade," the Bernstein report states. 
The bill outlines a regulatory framework that allows banks, federally qualified non-bank issuers, and state-qualified entities to issue stablecoins while imposing strict compliance requirements on foreign issuers.
Stablecoins, defined as "payment stablecoins" under the Act, are designed for payment and settlement, maintaining a stable value backed by U.S. treasuries, repos, and demand deposits on a 1:1 basis. 
The legislation treats them as digital cash, not securities or deposits, enabling their use as cash equivalents in accounting and capital market settlements. 
"A payment stablecoin is treated as 1. Cash or a cash equivalent for accounting purposes," the report notes.
The Act sets a high bar for non-financial public companies to issue stablecoins, requiring unanimous approval from a Stablecoin Certification Review Committee to ensure no risk to the U.S. banking system. 
This could limit tech giants like Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), recently reported to be exploring stablecoins, to partnerships with regulated issuers rather than issuing their own. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45932875/jpmorgan-spots-crypto-ipo-wave-vc-investment-surge-as-dc-softens-stance">JPMorgan Spots Crypto IPO Wave, VC Investment Surge As DC Softens Stance</a>
"The stablecoin partnerships could anchor around two dominant business models &#8211; adoption of an existing stablecoin already issued or enter into a white-label partnership," Bernstein analysts suggest.
Banks issuing stablecoins could see adoption in corporate treasury, B2B supply chain payments, and cross-border settlements, though they must navigate impacts on traditional banking models. 
The report emphasizes stablecoins' potential beyond payments, stating, "Stablecoins are the native money-rail of the internet," enabling a new financial stack on blockchain rails.
The GENIUS Act also prioritizes U.S. innovation by imposing stringent regulations on foreign issuers, giving domestic entities a competitive edge. 
"The intent of the GENIUS ACT is to bring stablecoin innovation back to the U.S onshore from the offshore markets," the report highlights. 
Compliance with anti-money laundering and know-your-customer regulations is mandatory, aligning stablecoin issuers with banking standards.
Bernstein identifies key metrics for mainstream adoption, including growth in digital wallet users beyond the current 30-40 million, adoption by large internet businesses, and corporate use as a global medium of exchange. 
"It is early days still and we are closely watching stablecoins cross the chasm into mainstream adoption," the report states.
Read Next: <a href="https://www.benzinga.com/news/politics/25/06/45932185/sec-crypto-jamie-selway-head-division-trading-markets">SEC Taps Crypto Insider Jamie Selway To Lead Trading Division</a>
Photo: Shutterstock

Stablecoins Set To Be Internet's Digital Cash, GENIUS Act May Position US As Global Hub, Says Bernstein

U.S. stocks retreated Friday as geopolitical tensions erupted following Israel's surprise airstrike on Iranian nuclear sites, sparking a sharp rally<a href="https://www.benzinga.com/markets/guidance/25/06/45928561/gold-biggest-boom-in-decades-and-investors-are-still-missing-out"> in oil and gold.</a>
Crude futures surged to $77 a barrel overnight before easing to $72.24 by midday—still up 5% on the session—as fears grew over potential disruptions in the Strait of Hormuz, a key artery for global oil flows.
Equity volatility spiked, with the CBOE Volatility Index (VIX) – also known as the market &#8220;fear index&#8221; – rocketed 10% by midday, yet trimming an even bigger jump at the open. 
Gold climbed past $3,430 an ounce, rising over 1% and putting record highs near $3,500 into potential target. The U.S. dollar halted the bleeding as risk sentiment deteriorated globally.
President Donald Trump said he had given Iran a 60-day ultimatum "to make a deal," adding they may now have a "second chance." A scheduled U.S.-Iran meeting on Sunday is uncertain.
Israeli Prime Minister Benjamin Netanyahu confirmed the strikes would continue until Iran's nuclear threat is removed, while Tehran vowed retaliation.
Meanwhile, U.S. consumer sentiment rebounded strongly in June to 60.5 from 52.2, beating expectations. One-year inflation expectations dropped to 5.1% from 6.6%.
Despite the risk-off mood, longer-dated Treasury yields rose by 8 basis points—an unusual move suggesting persistent concerns around U.S. fiscal risks. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) sunk 1.6%, its worst session in over three weeks. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped 0.6% to $105,000, suffering as risk sentiment fades. 
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>21,782.69</td>
<td>-0.6%</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,006.38</td>
<td>-0.6%</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,116.35</td>
<td>-1.1%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>42,385.77</td>
<td>-1.4%</td>
</tr>
<tr>
<td>• CBOE VIX</td>
<td>19.78</td>
<td>9.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) fell 0.6% to $551,57.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.4% to $424.53.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.7% to $529.92.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 1.2% to $210,28.</li>
<li>The Energy Select Sector SPDR Fund&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.2%; the&nbsp;Financials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 1.7%.</li>
</ul>
<h2 class="wp-block-heading">Friday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) jumped 7.2% after delivering stronger-than-expected earnings, extending its weekly gain to 23% and on track for its best week since 2001.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell 6% despite topping Wall Street estimates, as investors focused on signs of slowing growth.</li>
<li>Payment giants Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) dropped more than 4% each after Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) unveiled plans to issue stablecoins.</li>
<li>Defense contractors Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), and L3Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) gained 3.4%, 3.1%, and 2.4%, respectively.</li>
</ul>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45931068/missiles-and-firewalls-defense-stocks-surge-as-israel-iran-tensions-ignite">Missiles And Firewalls: Defense Stocks Surge As Israel-Iran Tensions Ignite </a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

ETFs

ADBE

SPDR Dow Jones Industrial Average ETF Trust

ORCL

iShares Trust Barclays 20+ Year Treasury Bond Fund

Wall Street's VIX Jumps 10%, Gold And Oil Gain As Middle East Tensions Flare Up: What's Driving Markets Friday?

McDonald&#39;s USA, LLC and Entertainment Studios Network/The Weather Group today announced an agreement to settle pending litigation between them. The parties reached a confidential commercial agreement whereby McDonald&#39;s will continue to purchase advertising from&nbsp;ESN in a manner that aligns with its advertising strategy and commercial objectives and ESN will dismiss its lawsuit against McDonald&#39;s in the United States District Court for the Central District of California.
Under the terms of the agreement, which are confidential, McDonald&#39;s is not admitting any wrongdoing, and the ads sold will, as per all such commercial deals, be priced at market value.

Legal

McDonald's And Entertainment Studios Network/The Weather Group Settle Lawsuit With Confidential Agreement; Advertising Relationship To Continue Without Admission Of Wrongdoing

Walmart, Amazon Eye Stablecoin Adoption In A Potential Shift From Traditional Currencies: Report

Retailer Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) <a href="https://www.benzinga.com/markets/25/05/45536218/walmart-responds-to-trumps-eat-the-tariff-remark-worked-to-keep-our-prices-as-low-as-possible-and-we-wont-stop">has been battling</a> with the Donald Trump administration over tariffs and may have a new fight on its hands with Trump fans thanks to an heiress of the company's founding family.
What Happened: Walmart and the Trump administration have been going back and forth on tariffs and whether the retailer can publicly say it <a href="https://www.benzinga.com/news/retail-sales/25/06/45829026/walmart-shoppers-see-sharp-price-hikes-as-tariffs-hit-shelves">is passing costs </a>onto consumers.
An additional issue, which could possibly mean the retailer finds itself with fewer customers, is if it battles too hard with Trump fans due to Christy Walton.
Walton is the widow of John T. Walton, son of Walmart founder Sam Walton. The Walmart heiress funded a full-page ad for the "No Kings" movement placed in the New York Times, the New York Post <a href="https://nypost.com/2025/06/11/business/walmart-heiress-christy-waltons-anti-trump-ad-fuels-maga-led-call-for-boycott-of-retailer/">reported</a>.
The ad calls for a nationwide protest against Trump and asks Americans and other citizens to "mobilize" on Saturday, which is Trump's birthday and the day of a large military parade in the nation's capital.
Walton's funded ad also calls on Americans to "reject authoritarianism."
According to the report, the "No Kings" movement is planning around 1,500 nationwide protests on Saturday. The report notes that the movement is not holding a protest in Washington, D.C. on Saturday on purpose.
"The honor, dignity, and integrity of our country are not for sale," the ad reads, alongside a QR code that shows the map of protest locations.
A Christy Walton spokesperson said the ad does not encourage violent protests, but rather to "engage peacefully and civically."
"Christy has provided no funding to organizations or individuals involved in the demonstrations in Los Angeles or other cities, nor has she provided any funding to those organizing the upcoming events," the spokesperson said.
The spokesperson said Walton believes Americans have the right to protest, but not the right to violence.
Read Also: <a href="https://www.benzinga.com/news/politics/25/06/45894541/trump-sports-president-military-birthday-parade">Airtime Denied: Trump B-Day, Military Parade Gets Streaming Treatment</a>
Why It's Important: Walton is not involved in Walmart's operations, but her actions could end up hurting the future growth and revenue of the company her former husband's family founded. She maintains a 1.9% stake in the company.
Walton is worth $18.6 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>, ranking 117th among the world's billionaires. This trails other Walton figures like her son Lukas Walton, who is the 39th richest person worth $41.1 billion, and her husband's siblings Jim, Rob and Alice Walton, who rank 13th, 14th and 15th worth $119 billion, $117 billion and $116 billion, respectively.
The White House responded to the ad and brushed aside Walton's criticism.
"Great, a left-wing billionaire feels like burning some of her inheritance for a PR stunt," White House spokesman Kush Desai told The Post.
Desai said the ad would not change the fact that more than 77 million Americans voted for Trump and his "America First trade policies."
Some Trump allies indirectly and directly called for a boycott of Walmart.
White House special adviser Kari Lake shared the ad on X and asked her followers, "Do you shop at Walmart?"
Rep. Anna Paulina Luna (R-Fla.) posted on X that Walton is funding ads for "No Kings Day," while naming her as a Walmart heiress.
"Looks like the Walmart dynasty is big mad about China tariffs," Luna said.
Trump supporter Roger Stone encouraged people to boycott Walmart.
"The Walmart heiress subsidizes insurrection. Next up, peaceful protests outside all of their stores to encourage people not to shop there. Essentially what left-wing stooges did to Tesla," Stone said.
Walmart has tried to distance itself from Walton.
"The advertisement from Christy Walton [is] in no way connected to or endorsed by Walmart," Walmart spokesperson Joe Pennington said.
Pennington said Walton "has no active role in company decisions."
This could end up being an unfortunate situation for Walmart and shareholders as a major boycott effort by Trump fans could impact sales. Walmart locations are often times found in rural locations and small cities that have leaned towards voting for Trump in recent elections.
WMT Price Action: Walmart stock closed down 1.01% to $94.83 on Thursday versus a 52-week trading range of $65.95 to $105.30. Walmart stock is up 5.4% year-to-date in 2025.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/management/25/05/45473067/walmart-prices-will-rise-within-weeks-as-trump-tariffs-drive-up-costs-will-other-retailers-follow-suit">Walmart Prices Will Rise Within Weeks As Trump Tariffs Drive Up Costs: Will Other Retailers Follow Suit?</a></li>
</ul>
Photo: Shutterstock

Walmart Heiress Takes On Trump With 'No Kings' Ad: White House Calls It 'Burning Some Of Her Inheritance For A PR Stunt'

Press Releases

NationsBenefits® and Walmart are Revolutionizing Health Plan Member Engagement with Technology, Retail and Nutrition Integrations

Synergy CHC Corp. (NASDAQ: SNYR) Taps Beverage Veteran to Drive FOCUSfactor's Drink Expansion – More Stocks Inside

Synergy CHC Corp. (NASDAQ: SNYR) Restructures Debt with $20M Facility to Power Global Growth and FOCUSfactor Beverage Expansion

96% of Member's Mark Food and Beverage Products Now Meet 'Made Without' Goals

Walmart Announces 2025 Annual Shareholders' Meeting Voting Results

Fintech

OnePay and Synchrony to Launch New Industry-Leading Credit Card Program With Walmart; Credit Card to Be Powered by Mastercard and Set to Go Live This Fall

Contracts

Synergy CHC (NASDAQ: SNYR) Taps Coca-Cola Exec to Accelerate Global Expansion of "FOCUSfactor®" Energy Drink – More Stocks Moving Inside

Small-Cap Disruptors KZIA, SNYR, HSDT, TRNR, PRSO Lead Momentum – More Microcap Stocks Inside

Walmart and Soda Health Join Forces to Deliver AI-Powered Personalized Nutrition and Wellness Insights

ALZN

BAOS

CLRB

EVGN

HSDT

HTCR

IMNN

INEO

KBSX

KLTO

KZIA

MGNX

MODV

NAOV

NCEW

NVDA

PLUG

PNPNF

PRSO

SNYR

TRNR

TSXV:PNPN

WINT

BJ's Wholesale Club Holdings, Inc. Common Stock

BJ's Wholesale Club Hldgs

Costco Wholesale Corporation - Common Stock

Costco Wholesale

Dollar General

Dollar Tree

Pricesmart

Target

Mizuho

RBC Capital

Keybanc

Telsey Advisory Group

Evercore ISI Group

Screenshot 2025-03-03 at 9.08.11 PM

$BNB

NFLX

OBNB

While Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) dominate the discourse surrounding cryptocurrencies thanks to their positioning as the top two assets by market cap, BNB (CRYPTO: 

The Binance Bottleneck: Why U.S. Investors Are Locked Out And What They Can Do About It

image (8)

Emerging Markets

Movers & Shakers

GOEV

How Canoo&#39;s Flexible, Award-Winning Electric Vans Are Helping Reshape Commercial And Government Fleets

Screenshot 2024-09-11 at 6.26.17 PM

This EV-Based Small Cap Has Partnerships With Walmart, NASA And The U.S. Postal Service – Is It On Your Radar?

Screenshot 2024-06-24 at 11.09.03 PM

AENT

TOON

Kartoon Studios Gears Up To Launch Most Ambitious Project Yet With New Winnie-The-Pooh Franchise; Backed By $30M Of Non-Dilutive Financing From Catalyst Venture Partners

Screenshot 2024-06-24 at 5.31.08 PM

IZEA

Influencers Are Driving Consumers To Discount Clubs And Major Retailers Like Costco Finds IZEA&#39;s Latest Survey

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:43 AMJun 10, 2025	CALL	$95.00	Jun 20, 2025	-2	2578	2500	37	7020	TRADE	BULLISH
10:29 AMJun 09, 2025	PUT	$86.67	Jan 16, 2026	208	2450	2450	138	1778	TRADE	BULLISH

Comments

Walmart

Unusual Options Activity for

뉴스

파트너 / 기고자

벤징가 글로벌