EWJ over past 60 days: cumulative return +3.6%, annualized vol 16.3%. Market regime: bull.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=68.74, end=71.22, cumulative_return=+3.6%, annualized_volatility=16.3%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 322.169, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.48, 't10y3m_spread': -0.06, 'breakeven_10y': 2.43, 'hy_oas': 2.86, 'ig_oas': 0.79, 'ted_spread': 0.09, 'mortgage_30y': 6.74, 'vix': 15.979999542236328}
Market regime: bull
Recent filing/news:
[SEC 10-Q BA 2025-07-29] ba-20250630 FALSE 2025 Q2 0000012927 --12-31 P1Y http://fasb.org/us-gaap/2025#OtherAssetsCurrent http://fasb.org/us-gaap/2025#OtherAssetsCurrent http://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure ba:extension_period ba:aircraft ba:tanker ba:lot ba:simulator ba:segment 0000012927 2025-01-01 2025-06-30 0000012927 us-gaap:CommonStockMember 2025-01-01 2025-06-30 0000012927 ba:DepositarySharesMember 2025-01-01 2025-06-30 0000012927 2025-07-22 0000012927 us-gaap:ProductMember 2025-01-01 2025-06-30 0000012927 us-gaap:ProductMember 2024-01-01 2024-06-30 0000012927 us-gaap:ProductMember 2025-04-01 2025-06-30 0000012927 us-gaap:ProductMember 2024-04-01 2024-06-30 0000012927 us-gaap:ServiceMember 2025-01-01 2025-06-30 0000012927 us-gaap:ServiceMember 2024-01-01 2024-06-30 0000012927 us-gaap:ServiceMember 2025-04-01 2025-06-30 0000012927 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ba:CommercialAirplanesSegmentMember 2024-04-01 2024-06-30 0000012927 us-gaap:OperatingSegmentsMem [...TRUNCATED...] m 4. Mine Safety Disclosures Not applicable. Item 5. Other Information During the three months ended June 30, 2025, none of our directors or officers adopted , modified or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” as such terms are defined under Item 408 of Regulation S-K. 57 Table of Contents Item 6. Exhibits 2.1 Membership Interest Purchase Agreement, dated as of April 22, 2025, among The Boeing Company, JNPR Aero, LLC and Project Maroon, LLC (Exhibit 2.1 to the Company’s Current Report on Form 8-K, dated April 22, 2025) 10.1 Non-Prosecution Agreement, dated May 29, 2025 (Exhibit 10.1 to the Company’s Current Report on Form 8-K, dated May 29, 2025) 10.2 Form of U.S. Notice of Terms of Cash-Based Award (Exhibit 10.1 to the Company's Current Report on Form 8-K, dated June 27, 2025)* 10.3 Form of U.S. Notice of Terms of Supplemental Restricted Stock Units (Exhibit 10.5 to the Company's Form 10-Q for the quarter ended March 31, 2025)* 10.4 Form of U.S. Notice of Terms of Supplemental Non-Qualified Premium-Priced Stock Options (Exhibit 10.3 to the Company's Current Report on Form 8-K, dated June 27, 2025)* 10.5 Letter Agreement with Jesus Malave* † 15 Letter from Independent Registered Public Accounting Firm regarding unaudited interim financial information 31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) * Management contract or compensatory plan † Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the SEC upon request. 58 Table of Contents Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. THE BOEING COMPANY (Registrant) July 29, 2025 /s/ Michael J. Cleary (Date) Michael J. Cleary Senior Vice President and Controller 59

Predict whether the return of EWJ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EWJ starting 2025-07-30 was +7.18%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return -2.3%, annualized vol 55.9%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3413.54, end=3334.71, cumulative_return=-2.3%, annualized_volatility=55.9%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 318.961, 'unemployment': 4.0, 'gdp_growth_qoq': 23548.21, 't10y2y_spread': 0.36, 't10y3m_spread': 0.29, 'breakeven_10y': 2.42, 'hy_oas': 2.66, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 15.020000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ETH-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for ETH-USD starting 2025-01-24 was -17.63%, which classifies as 'negative'.


VLUE over past 60 days: cumulative return +20.7%, annualized vol 20.0%. Market regime: sideways.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=93.72, end=113.09, cumulative_return=+20.7%, annualized_volatility=20.0%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 322.169, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.48, 't10y3m_spread': -0.14, 'breakeven_10y': 2.29, 'hy_oas': 2.91, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 16.829999923706055}
Market regime: sideways
Recent filing/news:
[Kaggle 2025-07-01] ["Peter Thiel sold 20 million shares of Facebook just months after its IPO\u2014but they\u2019d be worth nearly $15 billion more if he had held on Billionaire Peter Thiel was Facebook\u2019s first outside investor, but he may now have regrets for how soon he cashed out. Just months after the tech company\u2019s IPO, he sold millions of shares for $20 each for a sum of $400 million; with the stock now worth 37 times more, he could have been $15 billion richer today. Investing is a game of risk and reward. Get it right, and you could build a billion-dollar fortune. Get it wrong, and it might all go up in smoke. For PayPal cofounder Peter Thiel, being the first outside Facebook investor was hardly a bust\u2014but there may be some seller\u2019s remorse. The tech entrepreneur first coughed up $500,000 in 2004 for a 10% stake in the company, just months into its creation\u2014giving it a value of about $4.9 million. Nearly a decade later, following the company\u2019s May 2012 IPO, Thiel decided it was time to cash out. Thiel sold about 20.1 million shares in the company\u2014a majority of his stake\u2014for $19.27 to $20.69 each, netting him about $400 million at the time. Had he held his shares until today, they would be worth about $14.76 billion (Meta\u2019s stock price is $736 at the time of writing), a decision that may haunt even one of Silicon Valley\u2019s savviest investors. What led him to invest in the first place? He believed the college market\u2014which was Facebook\u2019s original audience\u2014had been underestimated. \u201cI think investors always have a bias to invest in things they themselves use and they undervalue things they don\u2019t use so there aren\u2019t many investors who are in college,\u201d he said to This Week in Startups in 2015. Fortune reached out to Thiel for comment. Despite selling a majority of his stake in the company, the 57-year-old remained heavily involved for many years, serving on the board until 2022. \u201cPeter has been a valuable member of our board and I\u2019m deeply grateful for everything he has done for our company\u2014from believing in us when few others would, to teaching me so many lessons about business, economics, and the world,\u201d Facebook cofounder and CEO Mark Zuckerberg said at the time of Thiel\u2019s stepping down. Today, Thiel\u2019s net worth sits at about $21.7 billion, according to Bloomberg, thanks in part to the billions he made from being the cofounder of PayPal and Palantir. And he\u2019s not the only investor to have thrived off the success of Facebook; the social network\u2019s growth has created countless millionaires\u2014and multiple billionaires. Of course, no one has benefited more financially than Zuckerberg, who is currently the second-richest person in the world, according to Bloomberg, with an estimated net worth of $260 billion. In fact, his worth has increased more than any other billionaire this year, with a year-to-date growth of $52.8 billion. But the compan

Predict whether the return of VLUE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for VLUE starting 2025-07-02 was -3.15%, which classifies as 'negative'.


FXI over past 60 days: cumulative return +5.6%, annualized vol 25.8%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=30.25, end=31.93, cumulative_return=+5.6%, annualized_volatility=25.8%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 319.679, 'unemployment': 4.2, 'gdp_growth_qoq': 23548.21, 't10y2y_spread': 0.2, 't10y3m_spread': 0.14, 'breakeven_10y': 2.42, 'hy_oas': 2.67, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.89, 'vix': 16.540000915527344}
Market regime: sideways
Recent filing/news:
[SEC 10-K AMZN 2025-02-07] amzn-20241231 false 2024 FY 0001018724 P3Y P1Y P1Y http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent http://www.amazon.com/20241231#LeaseLiabilityNoncurrent P1Y P2Y 50 419 417 200 414 408 iso4217:USD xbrli:shares iso4217:USD xbrli:shares amzn:segment xbrli:pure iso4217:EUR amzn:extension 0001018724 2024-01-01 2024-12-31 0001018724 2024-06-30 0001018724 2025-01-29 0001018724 2021-12-31 0001018724 2022-12-31 0001018724 2023-12-31 0001018724 2022-01-01 2022-12-31 0001018724 2023-01-01 2023-12-31 0001018724 2024-12-31 0001018724 us-gaap:ProductMember 2022-01-01 2022-12-31 0001018724 us-gaap:ProductMember 2023-01-01 2023-12-31 0001018724 us-gaap:ProductMember 2024-01-01 2024-12-31 0001018724 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001018724 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001018724 us-gaap:ServiceMember 2024-01-01 2024-12-31 0001018724 us-gaap:CommonStockMember 2021-12-31 0001018724 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us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2024-12-31 0001018724 us-gaap:EquityMethodInvestmentNonconsoli [...TRUNCATED...]  Amazon.com, Inc., pursuant to 18 U.S.C. Section 1350. 97.1 Amazon.com, Inc. Clawback Policy (incorporated by reference to the Company's Annual Report on Form 10-K for the Year ended December 31, 2023). 101 The following financial statements from the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL: (i) Consolidated Statements of Cash Flows, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (Loss), (iv) Consolidated Balance Sheets, (v) Consolidated Statements of Stockholders’ Equity, and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. As permitted by Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed with this Annual Report on Form 10-K certain instruments defining the rights of holders of long-term debt of the Company and its subsidiaries because the total amount of securities authorized thereunder does not exceed 10 percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company agrees to furnish a copy of such agreements to the Commission upon request. 104 The cover page from the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL (included as Exhibit 101). __________________ †    Executive Compensation Plan or Agreement. Item 16. Form 10-K Summary None. 76 Table of Contents SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized, as of February 6, 2025.   AMAZON.COM, INC. By: /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities indicated as of February 6, 2025.   Signature Title /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer (Principal Executive Officer) and Director /s/ Brian T. Olsavsky Brian T. Olsavsky Senior Vice President and Chief Financial Officer (Principal Financial Officer) /s/ Shelley L. Reynolds Shelley L. Reynolds Vice President, Worldwide Controller (Principal Accounting Officer) /s/ Jeffrey P. Bezos Jeffrey P. Bezos Executive Chair /s/ Keith B. Alexander Keith B. Alexander Director /s/ Edith W. Cooper Edith W. Cooper Director /s/ Jamie S. Gorelick Jamie S. Gorelick Director /s/ Daniel P. Huttenlocher Daniel P. Huttenlocher Director /s/ Andrew Y. Ng Andrew Y. Ng Director /s/ Indra K. Nooyi Indra K. Nooyi Director /s/ Jonathan J. Rubinstein Jonathan J. Rubinstein Director /s/ Brad D. Smith Brad D. Smith Director /s/ Patricia Q. Stonesifer Patricia Q. Stonesifer Director /s/ Wendell P. Weeks Wendell P. Weeks Director 77

Predict whether the return of FXI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for FXI starting 2025-02-10 was +8.12%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return +0.0%, annualized vol 78.8%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=3.54, end=3.54, cumulative_return=+0.0%, annualized_volatility=78.8%
Macro context: {'fed_funds_rate': 3.64, 'cpi_yoy': 326.031, 'unemployment': 4.4, 'gdp_growth_qoq': 24055.749, 't10y2y_spread': 0.67, 't10y3m_spread': 0.56, 'breakeven_10y': 2.26, 'hy_oas': 2.91, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.22, 'vix': 15.739999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of DOT-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for DOT-USD starting 2025-12-15 was +0.00%, which classifies as 'flat'.


HAUZ over past 60 days: cumulative return +10.3%, annualized vol 10.6%. Market regime: bull.

Question:
Asset: HAUZ
Historical prices (past 60 trading days): start=20.60, end=22.72, cumulative_return=+10.3%, annualized_volatility=10.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 323.291, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.51, 't10y3m_spread': -0.05, 'breakeven_10y': 2.39, 'hy_oas': 2.94, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.63, 'vix': 15.149999618530272}
Market regime: bull

Predict whether the return of HAUZ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for HAUZ starting 2025-08-11 was +2.24%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return -13.5%, annualized vol 26.9%. Market regime: bear.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=513.45, end=444.03, cumulative_return=-13.5%, annualized_volatility=26.9%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.302, 'unemployment': 4.2, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.56, 't10y3m_spread': 0.06, 'breakeven_10y': 2.19, 'hy_oas': 4.42, 'ig_oas': 1.18, 'ted_spread': 0.09, 'mortgage_30y': 6.62, 'vix': 40.720001220703125}
Market regime: bear
Recent filing/news:
[Kaggle 2025-04-10] ["Alnylam (ALNY) Moves 8.5% Higher: Will This Strength Last? Alnylam Pharmaceuticals (ALNY) shares rallied 8.5% in the last trading session to close at $243.27. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6% loss over the past four weeks. The rise in share price came after President Trump announced a 90-day pause on his sweeping tariffs against non-retaliating countries. This RNA interference drug developer is expected to post quarterly loss of $0.55 per share in its upcoming report, which represents a year-over-year change of -243.8%. Revenues are expected to be $587.45 million, up 18.8% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Alnylam, the consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ALNY going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Alnylam is a member of the Zacks Medical - Biomedical and Genetics industry. One other stock in the same industry, Immunome, Inc. (IMNM), finished the last trading session 11.7% higher at $6.21. IMNM has returned -36.3% over the past month. Immunome's consensus EPS estimate for the upcoming report has changed +18.3% over the past month to -$0.67. Compared to the company's year-ago EPS, this represents a change of -97.1%. Immunome currently boasts a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alnylam Pharmaceuticals, Inc. (ALNY) : Free Stock Analysis Report Immunome, Inc. (IMNM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research", "Seeking Recession-Proof Stocks? RBC Suggests 2 Healthcare Stocks to Buy President Trump\u2019s newly announced tariff policy has done more than just push the stock markets deeper into correction territory \u2014 the sudden panic on Wall Street has increased worries about a full-blown recession hitting in the near future. According to USA Today, several big banks are putting the chance of a recession at 40% or higher. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Only time will tell if we dip into recession. For now, worried investors are seeking \u

Predict whether the return of QQQ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for QQQ starting 2025-04-11 was +11.76%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +0.0%, annualized vol 28.5%. Market regime: bull.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=103998.57, end=103998.57, cumulative_return=+0.0%, annualized_volatility=28.5%
Macro context: {'fed_funds_rate': 4.12, 'cpi_yoy': 324.245, 'unemployment': 4.4, 'gdp_growth_qoq': 24055.749, 't10y2y_spread': 0.52, 't10y3m_spread': 0.1, 'breakeven_10y': 2.28, 'hy_oas': 2.82, 'ig_oas': 0.77, 'ted_spread': 0.09, 'mortgage_30y': 6.19, 'vix': 16.420000076293945}
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BTC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for BTC-USD starting 2025-10-29 was -12.05%, which classifies as 'negative'.


SGOV over past 60 days: cumulative return +0.7%, annualized vol 0.2%. Market regime: bear.

Question:
Asset: SGOV
Historical prices (past 60 trading days): start=96.12, end=96.79, cumulative_return=+0.7%, annualized_volatility=0.2%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.302, 'unemployment': 4.2, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.57, 't10y3m_spread': -0.14, 'breakeven_10y': 2.23, 'hy_oas': 3.94, 'ig_oas': 1.09, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 24.700000762939453}
Market regime: bear

Predict whether the return of SGOV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for SGOV starting 2025-05-01 was +0.24%, which classifies as 'flat'.


EFA over past 60 days: cumulative return -0.3%, annualized vol 12.6%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=76.70, end=76.50, cumulative_return=-0.3%, annualized_volatility=12.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 318.961, 'unemployment': 4.0, 'gdp_growth_qoq': 23548.21, 't10y2y_spread': 0.36, 't10y3m_spread': 0.28, 'breakeven_10y': 2.43, 'hy_oas': 2.66, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 14.850000381469728}
Market regime: sideways
Recent filing/news:
[SEC 10-Q PG 2025-01-22] pg-20241231 0000080424 6/30 2025 Q2 false http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#AccountsPayableCurrent http://fasb.org/us-gaap/2024#AccountsPayableCurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares pg:segment xbrli:pure pg:country pg:taxable_jurisdiction pg:audit 0000080424 2024-07-01 2024-12-31 0000080424 us-gaap:CommonStockMember 2024-07-01 2024-12-31 0000080424 pg:A1.375NotesDue2025Member 2024-07-01 2024-12-31 0000080424 pg:A0.110NotesDue2026Member 2024-07-01 2024-12-31 0000080424 pg:A3.250EURNotesDue2026Member 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us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0000080424 pg:R [...TRUNCATED...] 7 billion in fiscal year 2025, notwithstanding any purchases under the Company's compensation and benefit plans. Purchases may be made in the open market and/or private transactions and purchases may be increased, decreased or discontinued at any time without prior notice. The share repurchases are authorized pursuant to a resolution issued by the Company's Board of Directors and are expected to be financed by a combination of operating cash flows and issuance of debt.      Item 5. Other Information During the three months ended December 31, 2024, none of our directors or officers adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" as defined in Item 408 of Regulation S-K. 30 The Procter & Gamble Company Item 6. Exhibits 3.1 Amended Articles of Incorporation (as amended by shareholders at the annual meeting on October 11, 2011 and consolidated by the Board of Directors on April 8, 2016) (Incorporated by reference to Exhibit (3-1) of the Company's Form 10-K for the year ended June 30, 2016) 3.2 Regulations (as approved by the Board of Directors on December 13, 2022, pursuant to authority granted by shareholders at the annual meeting on October 13, 2009) (Incorporated by reference to Exhibit (3-2) of the Company’s Current Report on Form 8-K filed December 13, 2022) 4.1 Indenture, dated as of September 3, 2009, between the Company and Deutsche Bank Trust Company Americas, as Trustee (Incorporated by reference to Exhibit (4-1) of the Company's Annual Report on Form 10-K for the year ended June 30, 2015) 31.1 Rule 13a-14(a)/15d-14(a) Certification – Chief Executive Officer + 31.2 Rule 13a-14(a)/15d-14(a) Certification – Chief Financial Officer + 32.1 Section 1350 Certifications – Chief Executive Officer + 32.2 Section 1350 Certifications – Chief Financial Officer + 101.SCH (1) Inline XBRL Taxonomy Extension Schema Document 101.CAL (1) Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF (1) Inline XBRL Taxonomy Definition Linkbase Document 101.LAB (1) Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE (1) Inline XBRL Taxonomy Extension Presentation Linkbase Document 104  Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) + Filed herewith (1) Pursuant to Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 or 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections. Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. THE PROCTER & GAMBLE COMPANY January 22, 2025 /s/ MATTHEW W. JANZARUK Date (Matthew W. Janzaruk) Senior Vice President - Chief Accounting Officer (Principal Accounting Officer)

Predict whether the return of EFA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EFA starting 2025-01-27 was +3.93%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +8.8%, annualized vol 79.9%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=17.96, end=19.53, cumulative_return=+8.8%, annualized_volatility=79.9%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.62, 'unemployment': 4.3, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.48, 't10y3m_spread': -0.08, 'breakeven_10y': 2.25, 'hy_oas': 3.67, 'ig_oas': 1.05, 'ted_spread': 0.09, 'mortgage_30y': 6.76, 'vix': 23.549999237060547}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of AVAX-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for AVAX-USD starting 2025-05-08 was +0.62%, which classifies as 'flat'.


XLV over past 60 days: cumulative return -5.9%, annualized vol 16.8%. Market regime: bear.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=144.20, end=135.63, cumulative_return=-5.9%, annualized_volatility=16.8%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.302, 'unemployment': 4.2, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.55, 't10y3m_spread': -0.03, 'breakeven_10y': 2.27, 'hy_oas': 3.67, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 24.84000015258789}
Market regime: bear
Recent filing/news:
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goog:AmericasExcludingUnitedStatesMember 2025-01-01 2025-03-31 0001652044 goog:AmericasExcludingUnitedStates [...TRUNCATED...] 0;  Repurchases are being executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The repurchase program does not have an expiration date. For additional information related to share repurchases, see Note 11 of the Notes to Consolidated Financial Statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q. (2)      Average price paid per share includes costs associated with the repurchases. ITEM 5. OTHER INFORMATION 10b5-1 Trading Plans During the quarter ended March 31, 2025, no Section 16 director or officer adopted , modified, or terminated a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K of the Exchange Act). There were no “non-Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act) adopted, modified, or terminated during the quarter ended March 31, 2025 by our directors and Section 16 officers. 47 ITEM 6. EXHIBITS Exhibit Number    Description Incorporated by reference herein Form Date 31.01 * Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.02 * Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.01 ‡ Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS * Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH * Inline XBRL Taxonomy Extension Schema Document 101.CAL * Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF * Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB * Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE * Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 * Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) __________________________  * Filed herewith. ‡ Furnished herewith. 48 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALPHABET INC. April 24, 2025 By: /s/ ANAT ASHKENAZI Anat Ashkenazi Senior Vice President, Chief Financial Officer ALPHABET INC. April 24, 2025 By: /s/    AMIE THUENER O'TOOLE         Amie Thuener O'Toole Vice President, Corporate Controller and Principal Accounting Officer 49

Predict whether the return of XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLV starting 2025-04-28 was -5.14%, which classifies as 'negative'.


SPY over past 60 days: cumulative return +8.8%, annualized vol 9.7%. Market regime: bull.

Question:
Asset: SPY
Historical prices (past 60 trading days): start=589.33, end=641.19, cumulative_return=+8.8%, annualized_volatility=9.7%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 323.291, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.65, 't10y3m_spread': -0.02, 'breakeven_10y': 2.43, 'hy_oas': 2.78, 'ig_oas': 0.78, 'ted_spread': 0.09, 'mortgage_30y': 6.58, 'vix': 14.850000381469728}
Market regime: bull
Recent filing/news:
[SEC 10-Q NVDA 2025-08-27] nvda-20250727 0001045810 1/25 2026 Q2 FALSE http://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure nvda:investment nvda:segment 0001045810 2025-01-27 2025-07-27 0001045810 2025-08-22 0001045810 2025-04-28 2025-07-27 0001045810 2024-04-29 2024-07-28 0001045810 2024-01-29 2024-07-28 0001045810 2025-07-27 0001045810 2025-01-26 0001045810 us-gaap:CommonStockMember 2025-04-27 0001045810 us-gaap:AdditionalPaidInCapitalMember 2025-04-27 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-04-27 0001045810 us-gaap:RetainedEarningsMember 2025-04-27 0001045810 2025-04-27 0001045810 us-gaap:RetainedEarningsMember 2025-04-28 2025-07-27 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-04-28 2025-07-27 0001045810 us-gaap:CommonStockMember 2025-04-28 2025-07-27 0001045810 us-gaap:AdditionalPaidInCapitalMember 2025-04-28 2025-07-27 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2025-01-27 2025-07-27 0001045810 nvda:CustomerOneMember us-gaap:CustomerCo [...TRUNCATED...] Arrangement prior to termination. 38 Item 6. Exhibits Exhibit No.  Exhibit Description 10.1+* Amended and Restated 2007 Equity Incentive Plan - Non-Employee Director Deferred Restricted Stock Unit Grant Notice and Deferred Restricted Stock Unit Agreement (2025) 10.2+* Amended and Restated 2007 Equity Incentive Plan - Non-Employee Director Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement (2025) 31.1* Certification of Chief Executive Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 31.2* Certification of Chief Financial Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 32.1#* Certification of Chief Executive Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 32.2#* Certification of Chief Financial Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 101.INS* Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH* Inline XBRL Taxonomy Extension Schema Document 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB* Inline XBRL Taxonomy Extension Labels Linkbase Document 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. + Management contract or compensatory plan or arrangement. * Filed herewith. # In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release Nos. 33-8238 and 34-47986, Final Rule: Management's Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports, the certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed “filed” for purpose of Section 18 of the Exchange Act. Such certifications will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Copies of above exhibits not contained herein are available to any shareholder upon written request to: Investor Relations: NVIDIA Corporation, 2788 San Tomas Expressway, Santa Clara, CA 95051. 39 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 27, 2025   NVIDIA Corporation  By:    /s/ Colette M. Kress   Colette M. Kress   Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) 40

Predict whether the return of SPY over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for SPY starting 2025-08-28 was +2.27%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return -22.6%, annualized vol 67.0%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=178.05, end=137.90, cumulative_return=-22.6%, annualized_volatility=67.0%
Macro context: {'fed_funds_rate': 3.89, 'cpi_yoy': 326.031, 'unemployment': 4.4, 'gdp_growth_qoq': 24055.749, 't10y2y_spread': 0.57, 't10y3m_spread': 0.45, 'breakeven_10y': 2.26, 'hy_oas': 2.89, 'ig_oas': 0.79, 'ted_spread': 0.09, 'mortgage_30y': 6.19, 'vix': 16.93000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of SOL-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for SOL-USD starting 2025-12-10 was -8.78%, which classifies as 'negative'.


ITB over past 60 days: cumulative return +9.1%, annualized vol 29.3%. Market regime: bull.

Question:
Asset: ITB
Historical prices (past 60 trading days): start=98.74, end=107.74, cumulative_return=+9.1%, annualized_volatility=29.3%
Macro context: {'fed_funds_rate': 4.09, 'cpi_yoy': 324.245, 'unemployment': 4.4, 'gdp_growth_qoq': 24055.749, 't10y2y_spread': 0.57, 't10y3m_spread': 0.11, 'breakeven_10y': 2.35, 'hy_oas': 2.81, 'ig_oas': 0.77, 'ted_spread': 0.09, 'mortgage_30y': 6.3, 'vix': 16.290000915527344}
Market regime: bull

Predict whether the return of ITB over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for ITB starting 2025-10-02 was -7.24%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +5.1%, annualized vol 33.4%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=637.21, end=669.92, cumulative_return=+5.1%, annualized_volatility=33.4%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.62, 'unemployment': 4.3, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.51, 't10y3m_spread': 0.15, 'breakeven_10y': 2.33, 'hy_oas': 3.4, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.86, 'vix': 22.290000915527344}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for BNB-USD starting 2025-05-26 was -3.47%, which classifies as 'negative'.


VLUE over past 60 days: cumulative return +10.6%, annualized vol 13.6%. Market regime: bull.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=101.74, end=112.52, cumulative_return=+10.6%, annualized_volatility=13.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 322.169, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.44, 't10y3m_spread': -0.03, 'breakeven_10y': 2.42, 'hy_oas': 2.89, 'ig_oas': 0.78, 'ted_spread': 0.09, 'mortgage_30y': 6.74, 'vix': 15.479999542236328}
Market regime: bull
Recent filing/news:
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2024-06-30 0000789019 us-gaap:ShortTermInvestmentsMember 2025-06-30 0000789019 msft:ShareRepurchaseProgramTwentyTwentyOneMember 2024-04-0 [...TRUNCATED...] 4   97.1   7/30/2024                             101.INS   Inline XBRL Instance Document—the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document   X                                             101.SCH   Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents   X                                             104   Cover page formatted as Inline XBRL and contained in Exhibit 101   X                     * Indicates a management contract or compensatory plan or arrangement. ** Furnished, not filed. 99 PART IV Item 16   ITEM 16. FORM 10-K SUMMARY None. 100   SIGNAT URES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned; thereunto duly authorized, in the City of Redmond, State of Washington, on July 30, 2025.   M ICROSOFT  C ORPORATION   /s/ A LICE  L. J OLLA Alice L. Jolla Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer)   Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Registrant and in the capacities indicated on July 30, 2025.   Signature Title   /s/ S ATYA  N ADELLA Chairman and Chief Executive Officer (Principal Executive Officer) Satya Nadella     /s/ R EID  G. H OFFMAN   Director Reid G. Hoffman     /s/ H UGH  F. J OHNSTON Director Hugh F. Johnston     /s/ T ERI L. L IST Director Teri L. List     /s/ C ATHERINE  M AC G REGOR   Director Catherine MacGregor         /s/ M ARK  A. L. M ASON   Director Mark A. L. Mason         /s/ S ANDRA  E. P ETERSON Lead Independent Director Sandra E. Peterson       /s/ P ENNY S. P RITZKER   Director Penny S. Pritzker       /s/ C ARLOS A. R ODRIGUEZ   Director Carlos A. Rodriguez       /s/ C HARLES  W. S CHARF Director Charles W. Scharf     /s/ J OHN  W. S TANTON Director John W. Stanton       /s/ E MMA  N. W ALMSLEY   Director Emma N. Walmsley     /s/ A MY  E. H OOD Executive Vice President and Chief Financial Officer (Principal Financial Officer) Amy E. Hood     /s/ A LICE  L. J OLLA Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer) Alice L. Jolla     101

Predict whether the return of VLUE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for VLUE starting 2025-07-31 was +5.96%, which classifies as 'positive'.


FXI over past 60 days: cumulative return +3.6%, annualized vol 32.2%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=34.19, end=35.42, cumulative_return=+3.6%, annualized_volatility=32.2%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.62, 'unemployment': 4.3, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.48, 't10y3m_spread': 0.12, 'breakeven_10y': 2.37, 'hy_oas': 3.1, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.76, 'vix': 18.6200008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2025-05-14] 1 Surging Stock on Our Buy List and 2 to Brush Off Exciting developments are taking place for the stocks in this article. They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns. But not every company with momentum is a long-term winner, and plenty of investors have lost money betting on short-term fads. Keeping that in mind, here is one stock we think lives up to the hype and two that may correct. One-Month Return: +13.8% Headquartered in NYC, Genco (NYSE:GNK) is a shipping company that transports dry bulk cargo along worldwide maritime routes. Why Do We Steer Clear of GNK? Sluggish trends in its owned vessels suggest customers aren’t adopting its solutions as quickly as the company hoped Earnings per share have contracted by 45.6% annually over the last two years, a headwind for returns as stock prices often echo long-term EPS performance Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 6.5 percentage points Genco’s stock price of $14.56 implies a valuation ratio of 22.2x forward P/E. Read our free research report to see why you should think twice about including GNK in your portfolio, it’s free. One-Month Return: +30.4% Established in 2006, SolarEdge (NASDAQ: SEDG) creates advanced systems to improve the efficiency of solar panels. Why Should You Sell SEDG? Demand for its offerings was relatively low as its number of megawatts shipped has underwhelmed Eroding returns on capital from an already low base indicate that management’s recent investments are destroying value Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders SolarEdge is trading at $18.15 per share, or 0.9x forward price-to-sales. Dive into our free research report to see why there are better opportunities than SEDG. One-Month Return: +21.7% Founded by Brian Chesky and Joe Gebbia in their San Francisco apartment, Airbnb (NASDAQ:ABNB) is the world’s largest online marketplace for lodging, primarily homestays. Why Will ABNB Beat the Market? Has the opportunity to boost monetization through new features and premium offerings as its nights and experiences booked have grown by 10.4% annually over the last two years Earnings per share have massively outperformed its peers over the last three years, increasing by 49.4% annually Strong free cash flow margin of 39.7% enables it to reinvest or return capital consistently At $137.83 per share, Airbnb trades at 20.5x forward EV/EBITDA. Is now the time to initiate a position? See for yourself in our in-depth research report, it’s free. Donald Trump’s victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regar

Predict whether the return of FXI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for FXI starting 2025-05-15 was +2.32%, which classifies as 'positive'.


JNK over past 60 days: cumulative return +3.6%, annualized vol 3.0%. Market regime: bull.

Question:
Asset: JNK
Historical prices (past 60 trading days): start=89.55, end=92.76, cumulative_return=+3.6%, annualized_volatility=3.0%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 323.291, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.55, 't10y3m_spread': -0.01, 'breakeven_10y': 2.39, 'hy_oas': 2.89, 'ig_oas': 0.77, 'ted_spread': 0.09, 'mortgage_30y': 6.58, 'vix': 14.829999923706056}
Market regime: bull

Predict whether the return of JNK over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for JNK starting 2025-08-15 was +1.34%, which classifies as 'positive'.


USMV over past 60 days: cumulative return +1.4%, annualized vol 8.8%. Market regime: bull.

Question:
Asset: USMV
Historical prices (past 60 trading days): start=91.82, end=93.08, cumulative_return=+1.4%, annualized_volatility=8.8%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 324.245, 'unemployment': 4.4, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.58, 't10y3m_spread': 0.01, 'breakeven_10y': 2.38, 'hy_oas': 2.84, 'ig_oas': 0.79, 'ted_spread': 0.09, 'mortgage_30y': 6.5, 'vix': 15.300000190734863}
Market regime: bull
Recent filing/news:
[Kaggle 2025-09-04] ["Should You Buy MP Materials Corp Stock Right Now? Shares of MP Materials are being carried higher on a wave of optimism. Yet, risks and uncertainties lie ahead for this rare-earth minerals producer. 10 stocks we like better than MP Materials \u203a The narrative surrounding MP Materials (NYSE: MP) is wonderful right now. Following two transformative deals with the U.S. government and Apple, the rare-earth minerals company is receiving heavy investment and commitments to purchase materials and magnets (with pricing floor commitments running for a decade). At the same time, the company is expanding its existing magnet-producing facility in Texas while setting out to build a brand-new magnet production facility. So, is this a good time to buy the stock? The positive news is not lost on investors, and the stock is up an incredible 356% this year as of the time of writing. In a nutshell, investors are buying into the idea that MP Materials can solve the problem of sourcing rare earth materials and magnets domestically, thereby reducing dependence on China -- the country that has a practical monopoly on global rare earth magnets. That's the good news, but before you hit the buy button, consider that this could prove the apex of optimism over the stock. Execution risk remains around the manufacturing plant expansion and new construction projects. The company remains loss-making and may require additional capital, which would dilute the interests of existing shareholders. The involvement of the government in a public-private partnership introduces additional political risk, particularly since the U.S. government is likely to hold a significant amount of stock in MP Materials. In addition, it's incredibly difficult to predict where rare earth product prices will be over an extended period. The risks outlined above are significant, but it's also worth noting that there's an upside risk from other companies seeking to secure a domestic supply of rare earth materials and magnets. MP Materials certainly has a bright future, but investors might be overlooking several risks ahead, and the upside is too uncertain to predict accurately. On that basis, this is a stock most investors will want to avoid for now. Before you buy stock in MP Materials, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now\u2026 and MP Materials wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you\u2019d have $654,759!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you\u2019d have $1,046,799!* Now, it\u2019s worth noting Stock Advisor\u2019s total average return is 1,042% \u2014 a market-crushing outperformance compared to 183% for the S&P 500. Don\u2019t miss out

Predict whether the return of USMV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for USMV starting 2025-09-05 was +1.06%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return -42.3%, annualized vol 79.1%. Market regime: bear.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=2743.20, end=1582.55, cumulative_return=-42.3%, annualized_volatility=79.1%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 320.302, 'unemployment': 4.2, 'gdp_growth_qoq': 23770.976, 't10y2y_spread': 0.53, 't10y3m_spread': 0.0, 'breakeven_10y': 2.23, 'hy_oas': 4.02, 'ig_oas': 1.11, 'ted_spread': 0.09, 'mortgage_30y': 6.83, 'vix': 29.64999961853028}
Market regime: bear
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ETH-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ETH-USD starting 2025-04-18 was +47.62%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +7.7%, annualized vol 35.6%. Market regime: bull.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=663.09, end=714.32, cumulative_return=+7.7%, annualized_volatility=35.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 324.245, 'unemployment': 4.4, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.61, 't10y3m_spread': 0.04, 'breakeven_10y': 2.4, 'hy_oas': 2.88, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.56, 'vix': 16.350000381469727}
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for BNB-USD starting 2025-09-04 was +0.00%, which classifies as 'flat'.


SOL-USD over past 60 days: cumulative return +5.7%, annualized vol 58.0%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=143.98, end=152.23, cumulative_return=+5.7%, annualized_volatility=58.0%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 322.169, 'unemployment': 4.3, 'gdp_growth_qoq': 24026.834, 't10y2y_spread': 0.52, 't10y3m_spread': -0.11, 'breakeven_10y': 2.3, 'hy_oas': 2.88, 'ig_oas': 0.83, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 16.639999389648438}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of SOL-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2025-07-03 was +19.82%, which classifies as 'positive'.


XLV over past 60 days: cumulative return +1.8%, annualized vol 12.8%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=143.17, end=145.72, cumulative_return=+1.8%, annualized_volatility=12.8%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 319.679, 'unemployment': 4.2, 'gdp_growth_qoq': 23548.21, 't10y2y_spread': 0.23, 't10y3m_spread': 0.0, 'breakeven_10y': 2.38, 'hy_oas': 2.84, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.85, 'vix': 19.43000030517578}
Market regime: sideways
Recent filing/news:
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us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-12-31 0000093410 us-gaap:AccumulatedNetUnrealized [...TRUNCATED...] Power of Attorney for certain directors of Chevron Corporation, authorizing the signing of the Annual Report on Form 10-K on their behalf. 31.1* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Executive Officer (page E-3). 31.2* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Financial Officer (page E-4).   32.1** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Executive Officer (page E-5).   32.2** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Financial Officer (page E-6). 97.1+ Chevron Corporation Dodd-Frank Clawback Policy , filed as Exh i bit 97.1 to Ch ev ron Corporation ’ s Annual Report on Form 10-K for the year ended December 31, 2023, and incorporated herein by r eference . 99.1* Definitions of Selected Energy and Financial Terms (pages E-7 through E-10). 101* Interactive data files (formatted as Inline XBRL). 104* Cover Page Interactive Data File (contained in Exhibit 101).   ___________________________________________ + Indicates a management contract or compensatory plan or arrangement. *      Filed herewith. **      Furnished herewith. Pursuant to Item 601(b)(4) of Regulation S-K, certain instruments with respect to the company’s long-term debt are not filed with this Annual Report on Form 10-K. A copy of any such instrument will be furnished to the Securities and Exchange Commission upon request. 120 Signatures Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on the 21st day of February, 2025.  Chevron Corporation   By: /s/ MICHAEL K. WIRTH Michael K. Wirth, Chairman of the Board and Chief Executive Officer   Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on the 21st day of February, 2025.   Principal Executive Officer (and Director) /s/ MICHAEL K. WIRTH Michael K. Wirth, Chairman of the Board and Chief Executive Officer Principal Financial Officer /s/ EIMEAR P. BONNER Eimear P. Bonner, Vice President and Chief Financial Officer Principal Accounting Officer /s/ ALANA K. KNOWLES Alana K. Knowles, Vice President and Controller * By:  /s/ MARY A. FRANCIS Mary A. Francis, Attorney-in-Fact Directors WANDA M. AUSTIN * Wanda M. Austin JOHN B. FRANK * John B. Frank ALICE P. GAST * Alice P. Gast ENRIQUE HERNANDEZ, JR. * Enrique Hernandez, Jr. MARILLYN A. HEWSON * Marillyn A. Hewson JON M. HUNTSMAN JR. * Jon M. Huntsman Jr. CHARLES W. MOORMAN * Charles W. Moorman DAMBISA F. MOYO * Dambisa F. Moyo DEBRA REED-KLAGES * Debra Reed-Klages D. JAMES UMPLEBY III * D. James Umpleby III CYNTHIA J. WARNER * Cynthia J. Warner 121

Predict whether the return of XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLV starting 2025-02-26 was -1.55%, which classifies as 'negative'.