On CNBC's “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth said International Business Machines Corporation (NYSE:IBM) trades at 18 times and is a “nice combination of defensive growth and margin expansion.” On July 24, IBM reported quarterly earnings of…
In the lead-up to the U.S. presidential election, current market sentiment suggests that a victory for Donald Trump would be bullish for crypto assets, while a win for Kamala Harris is perceived as bearish. What Happened: A Bernstein report on…
Renowned financial analyst Lyn Alden shed light on Bitcoin’s (CRYPTO: BTC) place in the current economic landscape, highlighting why Bitcoin is a solution rather than a hedge. What Happened: In an appearance on the “What Bitcoin Did” podcast, Alden emphasized…
Robinhood Markets (NASDAQ:HOOD) is enjoying strong deposit growth and new products, analysts noted after second-quarter results. Piper Sandler analyst Patrick Moley maintained a Neutral rating and $20 price target. Needham analyst John Todaro maintained a Hold rating and has no…
The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data…
Occidental Petroleum Corporation (NYSE:OXY) shares are trading lower on the heels of a buyout of oil and gas producer CrownRock, L.P. The company opened Friday at $58.55 a share, down 1.40%. In December, the company inked a deal to acquire CrownRock for…
Markets experienced a sharp downturn, driven by heightened geopolitical tensions and economic uncertainties that negatively impacted investor risk sentiment, just a day after the Federal Open Market Committee (FOMC) meeting signaled a potential interest rate cut in September. U.S. economic…
Fiverr International Ltd (NYSE:FVRR) reported second-quarter fiscal 2024 sales growth of 6% year-on-year to $94.66 million, marginally beating the analyst consensus estimate of $94.62 million. Revenue was above the midpoint of Fiverr’s guidance despite macro volatility, as it continued to expand customer…
Starbucks Corp (NASDAQ:SBUX) shares were trading lower Tuesday but bounced back as the coffee giant grappled with technical difficulties within its mobile ordering system. What Happened: The Starbucks app displayed a message instructing customers to place orders in person after…
Crypto analyst Doctor Profit dissected Bitcoin's (CRYPTO: BTC) price movements and offered a comprehensive review of the previous crypto cycles. What Happened: In his detailed “Sunday report,” the analyst highlighted having accurately predicted Bitcoin’s crash to $18,000 in 2021. He…