The US stock market closed last week at a record high, with the S&P 500 Index slowly approaching the key resistance level of 7,500. The Nasdaq 100 and Dow Jones have also continued their uptrends. This article explores some of the top US stocks to watch this week, including Applied Materials (NASDAQ:AMAT), Cisco (NASDAQ:CSCO), Nebius (NASDAQ:NBIS), and Circle Internet (NYSE:CRCL).
Circle Internet Financial
Circle Internet, the creator of the $80 billion USDC stablecoin, will be in the spotlight for two main reasons this week: earnings and CLARITY Act. The company will publish its results before the market opens on Monday.
Analysts anticipate that its revenue growth continued as short-term bond yields held steady and the market capitalization of USDC jumped to $80 billion. The average estimate is that its revenue jumped to $714 million in Q1 from $516 million in the same period last year.
Circle stock will also react to the upcoming CLARITY Act markup, which will happen on May 14. This markup by the Senate Banking Committee will be the final stage before it is taken to the full Senate for voting. Polymarket
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