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Why Is MicroStrategy (MSTR) Stock Rocketing Higher Today
Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) jumped 6.7% in the morning session after stocks exposed to the cryptocurrency market soared as momentum improved. Notably, Bitcoin, the most popular crypto asset, is set to edge past the $70,000 level, a move that could clear the way for a retest of the all-time high of $73,000 achieved in March 2024. Also, with roughly a week until the U.S. 2024 elections, markets anticipate a potential regulatory review of the crypto space when a new administration is elected. Overall, the sentiment suggests markets are itching for a change.
Why Is Coinbase (COIN) Stock Rocketing Higher Today
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 5.5% in the morning session after stocks exposed to the cryptocurrency market soared as momentum improved. Notably, Bitcoin, the most popular crypto asset, is set to edge past the $70,000 level, a move that could clear the way for a retest of the all-time high of $73,000 achieved in March 2024. Also, with roughly a week until the U.S. 2024 elections, markets anticipate a potential regulatory review of the crypto space when a new administration is elected. Overall, the sentiment suggests markets are itching for a change.
ON Semiconductor (NASDAQ:ON) Reports Q3 In Line With Expectations But Quarterly Guidance Underwhelms
Analog chips maker ON Semiconductor (NASDAQ:ON) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 19.2% year on year to $1.76 billion. On the other hand, next quarter’s revenue guidance of $1.76 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.99 per share was 2.4% above analysts’ consensus estimates.
Unpacking Q2 Earnings: Williams-Sonoma (NYSE:WSM) In The Context Of Other Home Furniture Retailer Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Williams-Sonoma (NYSE:WSM) and the rest of the home furniture retailer stocks fared in Q2.
Q2 Rundown: Workiva (NYSE:WK) Vs Other Finance and HR Software Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Workiva (NYSE:WK) and the rest of the finance and HR software stocks fared in Q2.
Reflecting On Custom Parts Manufacturing Stocks’ Q2 Earnings: Stratasys (NASDAQ:SSYS)
Let’s dig into the relative performance of Stratasys (NASDAQ:SSYS) and its peers as we unravel the now-completed Q2 custom parts manufacturing earnings season.
Internet of Things Stocks Q4 Recap: Benchmarking PowerFleet (NASDAQ:PWFL)
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including PowerFleet (NASDAQ:PWFL) and its peers.
Construction Machinery Stocks Q2 Results: Benchmarking Caterpillar (NYSE:CAT)
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSE:CAT) and its peers.
Consumer Electronics Stocks Q2 Results: Benchmarking Peloton (NASDAQ:PTON)
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Peloton (NASDAQ:PTON) and its peers.
Perishable Food Stocks Q2 In Review: Freshpet (NASDAQ:FRPT) Vs Peers
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Freshpet (NASDAQ:FRPT) and its peers.