Fed Chair Kevin Warsh’s push to overhaul how the central bank collects and reads economic data could reshape what moves markets and how quickly they react. Faster, richer information on inflation, productivity, and spending may reward companies that sit closest to the real-time data firehose, while leaving others exposed to sharper swings when new numbers hit. This article highlights 3 stocks from a Real-Time Data and Analytics Companies screener that are especially exposed to this news, each in a different way, so you can decide whether they belong on your watchlist or deserve a wider berth.

HUB24 (ASX:HUB)

Overview: HUB24 (ASX:HUB) runs a technology driven wealth management platform in Australia, giving financial advisers and accountants tools to administer, invest and report on client assets across superannuation, portfolios and SMSFs, supported by data rich services like tax reporting, compliance and client portals.

Operations: HUB24 generates most of its A$453.3 million revenue in Australia, with A$368.8 million from its Platform segment, A$81.0 million from Tech Solutions and A$3.5 million from Corporate services.

Market Cap: A$6.6b

HUB24 appears closely tied to the Fed’s push for faster, richer data because its core business is giving advisers real time visibility over portfolios, tax and compliance, which can help clients respond more confidently when markets move on new economic information. The company reports benefits from a growing adviser base, stronger platform usage and product upgrades in analytics and reporting, while recent partnerships and international pilots indicate potential new inflows and revenue streams. The trade off is a high P/E multiple and funding risk from relying on external borrowing, so investors may focus on whether its earnings quality, margin profile and wealth technology position adequately compensate for paying a higher valuation in an environment where better data can transmit macro surprises to portfolios more quickly.

HUB24’s premium P/E and growing adviser usage hint that the full story may sit in its future earnings power versus today’s price. It is worth reading the DCF valuation analysis for HUB24 to see what the numbers might be missing.

Galaxy Digital (GLXY)

Overview: Galaxy Digital (NasdaqGS:GLXY) operates across digital assets and data center infrastructure, providing trading, lending, advisory and asset management services, while also running bitcoin mining and Helios data center assets and offering its GalaxyOne platform to connect individuals and institutions to both traditional and crypto markets.

Operations: Galaxy Digital reports about US$58.5b in business volume primarily from its Digital Assets segment, alongside US$168.5m from Treasury and Corporate activities, with most activity reported in Canada at roughly US$58.7b.

Market Cap: US$12.9b

Galaxy Digital operates at the intersection of real time data, AI infrastructure and regulated crypto finance, which is why some investors are watching how Fed data reform, tokenized equities and onchain credit could relate to its trading, lending and data center businesses. The stock currently appears inexpensive on a P/S basis, analysts have issued expectations for revenue and earnings growth with a potential path to profitability, and recent deals involving Helios, GalaxyOne and DeFi partnerships illustrate how new use cases may influence client relationships. At the same time, reliance on external borrowing, exposure to crypto cycles and concentration risks in data center tenants indicate that Fed driven volatility can have both positive and negative effects, particularly if market stress coincides with funding pressures or regulatory changes.

Galaxy Digital’s mix of trading, crypto exposure and data centers can make simple P/S comparisons misleading. It is worth reading the analysis report for Galaxy Digital to see what risk and opportunity the headline numbers might be masking.

Bullish (BLSH)

Overview: Bullish (NYSE:BLSH) runs a global digital asset platform that combines its Bullish Exchange for spot and derivatives trading with CoinDesk index, data and media businesses, giving institutions tools to trade, benchmark and track digital assets and stay informed on crypto, blockchain and fintech trends.

Operations: Bullish currently reports US$267.9 million of revenue from Unclassified Services.

Market Cap: US$3.9b

Bullish sits in the slipstream of Kevin Warsh’s push for faster Fed data, because its CoinDesk indices, real time data feeds and analytics are built to help institutions act on economic and crypto information at speed. At the same time, its exchange and derivatives ambitions could benefit as tokenization and onchain finance mature. Forecasts for rapid earnings and revenue growth, a path toward profitability and institutional interest from investors like Ark contrast with a high 13.5x P/S ratio, large recent losses and a funding model that leans entirely on higher risk external borrowing. For investors, the central question is whether Bullish’s role as an information and trading hub for digital assets justifies that valuation and funding profile if the Fed’s data reforms make real time insights even more valuable.

Bullish looks like an accelerating information engine for digital assets, yet its 13.5x P/S and funding risks raise sharp questions about what the market is really pricing in. Before deciding where you stand, read the analyst forecasts for Bullish and see how the growth story intersects with those pressure points that could still surprise investors.

The three stocks covered here are just the starting point, with the full Real-Time Data and Analytics Companies screener surfacing 4 more companies with equally compelling real time data and analytics stories that may not yet be on your radar. Use Simply Wall St to identify, analyze and filter for the exact catalysts and narratives that matter to you so you can focus on the highest conviction ideas in this corner of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.