Wall Street is mostly muted ahead of earnings from Coinbase Global expecting to see deep losses and the lowest quarterly sales in two years from the cryptocurrency broker when the group reports earnings after the bell on Tuesday.
A generally downbeat tone from analysts—amid growing regulatory headwinds and few signs of a recovery in the key trading business—puts a remarkable recent rally from Coinbase (ticker: COIN) stock in the spotlight. But even though the shares are up more than 80% so far this year, at least one analyst sees room for more gains.
Source: finance.yahoo.com
Related posts:
Facebook’s Stock Is On Sale, But the Retail Crowd Isn’t Buying
‘A job is not just a job’: Why some unemployed people aren’t jumping at job openings
China Cash Flowed Through Congo Bank to Former President’s Cronies
The Dollar Hits 20-Year High After Russia Mobilizes More Troops and Makes Nuclear Threat
‘If you’re a wage earner you’re going to fall behind’: Ex-Fed insider warns of ‘difficult few years’...