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Coinbase Global

All articles tagged with #coinbase global

finance1 year ago

"Rethinking the Magnificent Seven: A New Stock to Lead the Pack"

The "Magnificent Seven" stock club, which includes Apple and Tesla, may need a new member, and the author suggests that Coinbase Global should replace Apple due to its potential for growth and innovation in the cryptocurrency market. The article highlights Coinbase's position at the heart of the cryptocurrency revolution, its potential for capitalizing on industry milestones, and its strategic positioning to leverage the anticipated growth and increased adoption of cryptocurrencies. While acknowledging the challenges and uncertainties in the crypto market, the author believes that Coinbase's growth prospects make it a strong candidate for the elite stock market group.

via Yahoo Finance|
#apple#coinbase-global#cryptocurrency
finance1 year ago

"Analyzing Coinbase's Q4 Earnings and Future Growth Potential"

Analysts project that Coinbase Global, Inc. (COIN) will announce a quarterly loss of $0.06 per share, with revenues projected to reach $731.94 million, a 16.3% increase from the same quarter last year. Analysts have revised the consensus EPS estimate 50.5% higher over the last 30 days. They also forecast various key metrics such as net revenue, trading volume, and monthly transacting users. With a Zacks Rank #3 (Hold), COIN is expected to mirror the overall market performance in the near future.

via Yahoo Finance|
#analysts#coin#coinbase-global
finance1 year ago

"Coinbase Stock: Earnings Beat and Market Returns Analysis"

Coinbase Global presents a compelling investment opportunity due to its evolving business model and successful international expansion strategy. The company has diversified its revenue sources, reduced expenses, and is on the cusp of achieving its first profitable quarter since 2021. With a strong foothold in the U.S. market and successful expansion efforts abroad, Coinbase is poised for long-term growth despite its current stock price being significantly lower than its all-time high.

via Yahoo Finance|
#coinbase-global#cryptocurrency#finance
financeinvesting1 year ago

"Unmissable Reasons to Invest in Coinbase Now"

Coinbase Global presents a compelling investment opportunity due to its successful revenue diversification and international expansion efforts, positioning the company for long-term growth and resilience in the volatile cryptocurrency market. With a strong business model and a focus on global expansion, Coinbase is on track to achieve its first profitable quarter since 2021, making it an attractive investment for those looking to gain comprehensive exposure to the crypto industry through a single stock.

via The Motley Fool|
#coinbase-global#cryptocurrency#financeinvesting
cryptocurrency2 years ago

"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"

On the first trading day of U.S. exchange-traded funds holding the largest digital currency, Bitcoin and crypto stocks experienced mixed performance, with Bitcoin rising 1% to near $45,000 after initially surging to about $49,000. Ether also saw a 7% jump to about $2,600. However, Bitcoin mining stocks fell, and crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%, while MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.

via The Wall Street Journal|
#bitcoin#coinbase-global#crypto-stocks
stock-market2 years ago

"Arch Resources and Coinbase Global Lead Today's Stock Movers on NASDAQ:COIN"

Coinbase Global's stock rose 6% after securing a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to offer digital payment token services in Singapore. Other crypto-focused stocks like Marathon Digital, Riot Platforms, MicroStrategy, and HUT 8 Mining also saw gains as Bitcoin reached a six-week high. Invitae Corporation's stock surged 13% after the FDA authorized its Invitae Common Hereditary Cancers Panel, a test to identify cancer-related genes. On the downside, Arch Resources dropped 14% due to a forecasted decrease in Q3 adjusted EBITDA, while Syndax Pharmaceuticals fell 5% despite positive results from its cancer medication trial.

via Seeking Alpha|
#arch-resources#coinbase-global#cryptocurrency
finance2 years ago

Cramer's Rapid-Fire Stock Picks.

CNBC's Jim Cramer expressed excitement about Chewy's pivot towards profitability and recommended Enterprise Products Partners due to their position as the foremost natural gas liquids pipeline in the US. Cramer is not a believer in Coinbase due to their ongoing fight with the SEC, but recommended Triple Flag Precious Metals and GSK PLC. He also suggested Eli Lilly over Amgen and expressed interest in quantum computing company IONQ, but noted they are currently losing money. Cramer waived his usual rules and recommended buying Snowflake, despite the company not currently making a profit.

via CNBC|
#chewy#coinbase-global#enterprise-products-partners
finance2 years ago

"Cathie Wood's ARK Capital Management Seizes Buying Opportunities in Block and Coinbase Dips"

Cathie Wood's Ark Invest purchased over 300K shares of Block, Inc (SQ) and over 250K shares of Coinbase Global (COIN) across three of her actively managed ETFs, even as both stocks suffered double-digit declines. SQ is listed as ARKK’s eighth largest holding, while COIN is the fund's fourth largest position. In ARKW, SQ is listed as the fund’s fifth largest portfolio stake, and COIN represents the ETF's number one holding. ARKF lists COIN as its second most significant position and SQ as the ETF’s third heaviest weighting.

via Seeking Alpha|
#block-inc#cathie-wood#coinbase-global