Tag: Stock

Increasing stock market volatility drags Bitcoin and altcoin prices lower

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The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation. BTC/USDT 4-hour chart. Source:…

A Cryptocurrency Exchange Gets Listed on a Stock Exchange

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In an ironic twist, America’s largest cryptocurrency exchange Coinbase, looks set to be listed on a stock exchange.  And while Coinbase deals in cryptocurrencies, it sure makes a lot of fiat ones, three hundred million give or take, according to a regulatory filing. The size of Coinbase’s business was revealed in regulatory filings, showing that the cryptocurrency exchange generated some US$1.3 billion in revenue last year, up a staggering US$534 million from the year before, and allowing Coinbase to turn a profit of US$322 million. Coinbase’s listing, the first for a…

ZM Stock Drops 5.32%, Zoom Shares Down for Seventh Day in Row

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Although Zoom stock is now experiencing hard times, it still holds a Zacks #1 Rank, which is a Strong Buy. Besides, Robert W. Baird analyst William Power is also maintaining a Buy rating on Zoom Video Communications. On Wednesday, he set a price target of $550.00 for Zoom shares. Online conferencing giant Zoom Video Communications Inc (NASDAQ: ZM) is going through a bad patch. Zoom stock has been down for a week already, falling for the seventh day in a row. On Thursday, Zoom stock ended the session at $364.73 per share, or…

Coinbase S1-Filing with US SEC for Direct Stock Listing Goes Public

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In the S-1 filing, Coinbase has made crucial disclosures to the public with its plans of launching direct stock listing on Nasdaq. As per its recent valuations, Coinbase pegs a value of over $100 billion. Crypto exchange Coinbase is inching closer to its direct stock listing on Nasdaq. On Thursday, February 25, Coinbase submitted its S-1 filing with the US Securities and Exchange Commission (SEC), thereby making it public for the first time. The recent submission is a crucial step for Coinbase’s direct stock listing on Nasdaq. The S1 filing…

TWTR Stock Spikes 3.9% as Twitter Reveals Plans to Double Revenue by 2023

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To double its annual revenue by 2023 as planned, Twitter would need an increase from 43.7 billion recorded in 2020 to at least $7.5 billion.  Twitter Inc (NYSE: TWTR) saw a 3.7% gain in its stock after the social media network announced plans to double revenue by the end of 2023. Also in the same year, Twitter hopes to have 315 million monetizable daily active users (mDAUs). In the fourth quarter of 2020, Twitter said that it had 192 million mDAUs. Twitter announced its long-term plans for revenue and daily…

PZZA Stock Down 11%, Papa John’s Announces Q4 2020 Earnings, Misses Analyst’s Expectations

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Papa John’s also reported very impressive annual figures, with total revenue of $1.813 billion, a 12% increase over the 2019 record. American pizza restaurant franchise Papa John’s Int’l Inc (NASDAQ: PZZA) has released its fourth-quarter and full-year 2020 financial results, with earnings slightly missing analysts’ expectations. According to a CNBC report, the Louisville-based company reported Earning Per Share of 40 cents as against the 46 cents expected by Refinitiv economic researchers. The detailed report from Papa John’s showed that the fourth-quarter revenue came in at $469.8 million, up 12.5% over…

Virgin Galactic (SPCE) Stock Up 4% Yesterday despite Lack of Commercial Flights

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Despite Virgin Galactic’s lack of commercial flights, Wall Street has shown some tinge of confidence in the stock performance of the company. Leading American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) could be one stock investors could leverage on in this earning season as lined up events could count in the favor of the firm. However, as another quarterly report comes to the fore, the company is expected to report steep losses while investors remain on the lookout for signs on when the aircraft company is likely to begin…

PUBM Stock Jumps 10% as PubMatic Reveals First Earnings Report after December IPO

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Predicting revenue for the first quarter of 2021, PubMatic noted that it expects to record about $38 million to $40 billion. Digital advertising technology company PubMatic Inc (NASDAQ: PUBM) gained 10% in its stock value after reporting profits in its earnings result for 2020 Q4. The earnings result is the company’s first after its initial public offering (IPO) last December. According to the earnings results released on the 23rd of February, PubMatic pulled in more revenue, beating analysts’ estimates. Earlier, analysts surveyed by Refinitiv had predicted that PubMatic would record revenue…

Ark Invest's Cathie Wood talks bitcoin's prospects

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin is likely heading higher thanks to support from major corporations such as Tesla and Square, says Ark Invest CEO, CIO and founder Cathie Wood. Subscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The…

Craig Hemke: Silver Miners on Verge of Breakout

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Tom welcomes back Craig Hemke, founder of TF Metals Report, to detail where we are at with the metals markets. He discusses Fed actions over the past few years and where their efforts will likely take us. The Fed is introducing the idea of yield curve control, which will institutionalize negative interest rates. Craig outlines the impact this control mechanism could have on the economy and gold. To subscribe to our newsletter and get notified of new shows, please visit Craig discusses…