Wedbush's Dan Ives: This is the 'renaissance of growth' that's about to happen at Amazon
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Why is COIN stock down today? Coinbase earnings have investors spooked
Coinbase, the largest U.S.-based cryptocurrency exchange, reported second-quarter earnings on Thursday. Why is the stock tumbling? Here's what to know. Emotionally intelligent people use the 2-week rule to motivate themselves and reach their biggest goals Exclusive: Google is indexing ChatGPT conversations, potentially exposing sensitive user data Cinemark is opening 6 new panoramic, 270-degree movie theaters in 2025, and 14 more next year. Is one coming near you? What happened? Shares of Coinbase Global (Nasdaq: COIN) were down 15% in morning and midday trading on Friday, the lowest price the stock has hit in more than a month, after it reported lower-than-expected second-quarter adjusted profit due to a slowdown in trading, according to Reuters. Coinbase earnings Revenue came in at $1.5 billion, which missed analyst expectations of $1.6 billion, while revenue tied to transactions came in at $764 million, missing StreetAccount estimates of $787 million, according to CNBC. However, other earnings numbers came in strong. In the three months ending June 30, Coinbase's net income rose to $1.43 billion, delivering earnings per share (EPS) of $5.14. A further look at Coinbase's EPS shows the company beat analyst expectations of $1.51 by $3.63. Subscriptions and services offerings—which include stablecoins, staking, interest income, and custody—grew 9% from the same period a year ago, to $655.8 million, short of analysts' projection of $705.9 million. Analysts told Reuters that Coinbase could see trading volume improve, according to the company's revenue estimates. The earnings follow a surge in crypto spurred on by the GENIUS Act being signed into law on July 18. Coinbase on S&P 500 Coinbase joined the S&P 500 stock market index in May, replacing Discover; it is the first time a crypto company has been included on the index. The S&P 500 is one of the world's best-known stock market indexes. This post originally appeared at to get the Fast Company newsletter:
Yahoo
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The Boeing Company (BA)'s A Horse & Its CEO Has Done A Great Job, Says Jim Cramer
We recently published . The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer recently discussed. The Boeing Company (NYSE:BA) has become somewhat of a regular feature of Cramer's morning show. In this appearance, he had the firm's CEO, Kelly Ortberg, on for an interview. One aspect of The Boeing Company (NYSE:BA) that crossed Cramer's attention earlier was Japan ordering planes as part of trade negotiations. The CNBC TV host wondered whether The Boeing Company (NYSE:BA) would be able to meet the additional demand and discussed Ortberg's response given during the interview: 'And when I spoke to Kelly earlier, he's was saying, I'm saying, oh come on, these orders, I mean these orders are total, you know it's a [inaudible], then President Trump says, no, the orders are real and we're going to make the planes. Now I know Boeing. But Boeing's been a horse. And I just think that Kelly Ortberg, in such a short period of time, has done a remarkable job. We should salute some of these people. We can't just, bang them!' In his remarks about The Boeing Company (NYSE:BA) later during the day on Mad Money, Cramer praised Ortberg and the firm's recent earnings results: 'Now, I felt the same way about Boeing. Now, here's a stock that just hit a 52-week high after giving you almost a double from its low in April. Thank you, Kelly Ortberg. And even though it reported a great quarter with beautiful cash flow, the stock still got hit today. But unlike all the others, just call me a buyer of that one.' While we acknowledge the potential of BA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
an hour ago
- Yahoo
Waste Management, Inc. (WM)'s CEO Is Doing A 'Remarkable Job,' Says Jim Cramer
We recently published . Waste Management, Inc. (NYSE:WM) is one of the stocks Jim Cramer recently discussed. Waste Management, Inc. (NYSE:WM) is one of the biggest waste collection and disposal companies in America. Its shares have gained 15.9% year-to-date as they have recovered all losses in April after the tariff announcements. Waste Management, Inc. (NYSE:WM)'s stock has benefited from robust earnings reports, with the latest catalyst coming in July after the firm's second quarter earnings saw it beat analyst revenue and EPS estimates of $6.33 billion and $1.89, by posting $6.43 billion and $1.92. Cramer praised the firm's CEO: 'Okay, then I'm going to tell you that I think Jim Fish is doing a remarkable job at Waste Management. And that's one of the reasons why I'm putting him on tonight. Up ten dollars!' Olaf Speier/ The CNBC TV host continued to praise Waste Management, Inc. (NYSE:WM) later in the day on Mad Money: 'Last night, we got an excellent quarter from WM, the garbage disposal operation/provider of comprehensive environmental solutions, formerly known as Waste Management. This company delivered a healthy top and bottom line beat, driven by strength in the core business, along with mostly positive guidance. That's why the stock jumped more than 3% today… This one's important because the garbage business can actually give you a great read on the economy.' While we acknowledge the potential of WM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
