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Category: Stocks

Crypto Markets News Stocks 

Two-Thirds of Millennial Traders Trust Crypto Over Stock Market

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“Social trading platform eToro published the results of a study earlier this week revealing that nearly half of all online millennial traders residing in the United States have more trust in cryptocurrency exchanges than in stock market exchanges” writes Rachel Mcintosh for financemagnates.com. And indeed, the number of investors of all ages who have put their money into cryptocurrency has continued to grow.More specifically, the results of the study showed that “two-thirds of Millennial crypto traders say they have more faith in crypto than the stock market,” and that “even…

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Crypto Markets News Stocks 

Could Bitcoin Price Be Boosted by a Change in Sentiment?

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“My Bitcoin News reported earlier this week that Bitcoin price hit $4,000 but more importantly, it saw its highest volume day in 10 months” reports mybitcoinnews.co. A new survey suggests that almost half of millennial online traders have more trust in cryptocurrency exchanges compared to the US stock market.Bitcoin’s Dominance – the indicator measuring Bitcoin’s share in the total cryptocurrency market capitalization is sitting at 52 percent.What do you think of the current cryptocurrency market condition?.  Source: mybitcoinnews.co

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Chinese streaming giant iQiyi stock falls after revenue beat

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“IQiyi stock has fallen 21% in the past six months, with the S&P 500 index SPX, -0.35% falling 2.7%” writes Tech Reporter for marketwatch.com. The Chinese online streaming company reported fourth-quarter net losses of $505.7 million, or 70 cents per American depositary share.IQiyi IQ, +0.71% shares fell less than 1% in the extended session Thursday after the company beat Wall Street revenue expectations and posted smaller losses than predicted.Analysts surveyed by FactSet had estimated losses of 73 cents per ADS on revenue of $972 million.For the first quarter, analysts expect…

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News Stocks 

Stamps.com stock plummets more than 35% after forecast shows unexpected and substantial declines

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“For the full year, that gave Stamps.com adjusted earnings of $11.78 a share on revenue of $586.9 million, reflecting growth of 4% and 35% respectively” writes Jeremy C for marketwatch.com. Stamps.com reported fourth-quarter profit of $42.7 million, or $2.30 a share, on revenue of $170.2 million, up from $132.5 million a year ago.STMP, -2.00% shares plunged more than 35% Thursday afternoon after the company revealed that profit and revenue are expected to hit a huge decline in 2019.Those numbers appear shocking, especially when compared with average analyst estimates of $10.79…

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Intuit stock rises after tax software company beats profit forecasts

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“Adjusted for one-time items, the company earned $1 a share, compared with 84 cents a year ago” writes Claudia Assis for marketwatch.com. For the fiscal third quarter, the company said it expects revenue growth between 10% and 12% and non-GAAP EPS between $5.35 and $5.40.INTU, -0.40% rose more than 2% in the extended session Thursday after the company, which offers tax-preparation software and related services, beat Wall Street profit expectations for its fiscal second quarter, its second largest in terms of sales after its fiscal third quarter. Source: marketwatch.com

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Dropbox stock falls after earnings and revenue top expectations

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“DBX, +0.39% reported adjusted earnings and revenue that beat Wall Street expectations late Thursday” writes Tech Reporter for marketwatch.com. Adjusted for stock-based compensation, earnings were 10 cents a share, up from 3 cents a share in the year-ago period.Analysts surveyed by FactSet had estimated adjusted earnings of 8 cents a share on sales of $370 million.For the first quarter, analysts model adjusted earnings of 10 cents a share on sales of $378 million.Dropbox stock has fallen 9.8% in the past six months, with the S&P 500 index SPX, -0.35% falling…

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Roku stock gains after revenue, outlook exceed expectations

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“Analysts had been modeling $188.3 million in first-quarter revenue and $985.2 million in full-year revenue” writes Emily Bary for marketwatch.com. Roku generated $124.3 million in revenue from its player business and $151.4 million in revenue from its platform business.For the first quarter, Roku expects total net revenue of $185 million to $190 million.ROKU, -4.03% shares were up 1.5% in after-hours trading Thursday after the company posted better-than-expected top-line results for its fourth quarter and delivered a full-year outlook that came in ahead of projections. Source: marketwatch.com

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Trade Desk stock rallies after advertising tech company beats views

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“Adjusted for one-time items, the company earned $1.09 a share, compared with 54 cents a share a year ago” writes Claudia Assis for marketwatch.com. Analysts polled by FactSet had expected adjusted earnings of 79 cents a share on sales of $148 million.TTD, +0.27% rose nearly 10% in the extended session Thursday after the advertising technology company reported fourth-quarter earnings well above Wall Street expectations. Source: marketwatch.com

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Stock market worst skid in 2 weeks amid weak economic results; Nasdaq snaps 8-session win streak

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“The day’s losses were the worst for the S&P 500 and the Nasdaq since Feb. 7, according to FactSet data” writes Mark Decambre for marketwatch.com. The index fell to a seasonally adjusted reading of -4.1 from 17 in January.The S&P 500 on Thursday marked its worst decline since early February and the Nasdaq snapped an eight-session win streak, as a batch of disappointing manufacturing and housing data unsettled investors.Manufacturing activity declined in the Philadelphia area, constituting Pennsylvania, Delaware and New Jersey in February, for the first time since May of…

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Tesla stock falls further after Consumer Reports dings the Model 3

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“Tesla Inc. stock took a deeper dive on Thursday after news that Consumer Reports has withdrawn a key Model 3 recommendation” writes Claudia Assis for marketwatch.com. The Tesla TSLA, -3.62%  Model 3 was among six vehicles from U.S. and overseas car makers that lost Consumer Reports’ “recommended” rating due to their “declining reliability,” the nonprofit consumer advocacy organization said Thursday.Shares of Tesla fell 1.9% and were recently trading under $297 after trading as high as $303.24 earlier on Thursday. Source: marketwatch.com

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