IndonesiaEnergy Gains on Upcoming Presentation

Coinbase (COIN) shares dropped 4% after a strong jobs report increased Federal Reserve rate hike expectations, pushing Bitcoin (BTC) below $80,000. The company reported 88% of Q2 revenue came from non-Bitcoin spot trading, with mixed analyst price targets.

Palantir Technologies (PLTR) secured a new Army contract and expanded its alliance with PwC, while investor Michael Burry criticized its financials, suggesting its market value could fall below $100 billion. Burry highlighted Palantir's deferred revenue ratio and rising accounts receivable as concerns. Despite Burry's bearish outlook, Palantir's stock rose nearly 7% on the PwC alliance news, according to Benzinga.

Intel (INTC) shares rose 7% after an analyst report highlighted its AI-driven growth potential. Analyst Trip Chowdhry predicts Intel's EPS could grow over tenfold to $20 by 2031, with the stock price more than doubling to $200. Dell's (DELL) Q2 earnings, showing a 122% revenue increase in its server segment, support this trend, according to Chowdhry.

FICO (FICO), Equifax (EFX), and TransUnion (TRU) shares fell sharply after Federal Housing Finance Agency Director Bill Pulte announced potential regulatory changes. Pulte proposed allowing VantageScore as an alternative to FICO in mortgage lending and suggested bi-merge credit reports. Analysts note this could reduce FICO's dominance and impact up to one-third of mortgage inquiries, with varying effects on the credit bureaus' revenues.

Zcash (ZEC) reached a new all-time high of $1,025, representing a 6,300% gain from 2024 lows. The rally follows years of subdued performance and highlights ZEC's privacy-focused narrative. Meanwhile, Bitcoin (BTC) hovers near $80,000, with traders watching for sustained support above this level.

The Defense Logistics Agency plans to spend up to $903M over seven years to migrate its ERP system to SAP's government cloud, driven by a 2027 audit deadline. The contract includes cloud hosting, licenses, and managed services. DLA has already moved some functions to the new baseline and expects to complete the transition by 2028. This follows a similar $1B contract with the US Army in 2025.