Core Insights - Coinbase Global is projected to generate over $2.5 billion in annual net income, highlighting its profitability compared to struggling AI start-ups [1] - The company has implemented an "everything exchange" strategy aimed at expanding its trading offerings, which includes tokenized equities and prediction markets [7] Financial Performance - In Q3 2025, Coinbase reported $1.87 billion in revenue, exceeding Wall Street expectations, driven by a resurgence in both retail and institutional trading [2] - Total transaction revenue for the quarter reached $1 billion, marking a 37% increase from the previous quarter [2] - Coinbase's gross margin stands at 86.71%, indicating strong profitability [10] Market Context - Many AI start-ups are currently facing significant losses despite high revenue figures, such as OpenAI, which reportedly has an annual revenue of $20 billion but may incur losses of up to $11.5 billion per quarter [5] - In contrast, Coinbase has demonstrated a consistent ability to generate profits during crypto market upswings, capitalizing on increased trading activity when major cryptocurrencies like Bitcoin and Ethereum rise [6] Strategic Developments - The "everything exchange" strategy is designed to allow for a broader range of digital assets to be traded, potentially providing revenue streams even during market downturns [7] - This strategy aims to enhance Coinbase's resilience against market volatility, although its effectiveness in down markets remains uncertain [10] Stock Performance - Despite its profitability, Coinbase's stock has underperformed, with a 27% decline in 2026 and a 40% drop over the past 12 months, largely due to the downturn in Bitcoin and Ethereum prices [9]

Core Insights - The Vanguard Small-Cap ETF (VB) and Schwab U.S. Small-Cap ETF (SCHA) are both designed for diversified access to U.S. small-cap stocks through a passive, index-tracking approach, with subtle differences in cost, performance, and risk influencing investor choice [1] Cost & Size Comparison - VB has an expense ratio of 0.03%, while SCHA has a slightly higher expense ratio of 0.04% [2] - As of February 9, 2026, VB's one-year return is 12.49%, compared to SCHA's 16.27% [2] - VB offers a dividend yield of 1.27%, slightly higher than SCHA's 1.19% [2] - Assets under management (AUM) for VB is $169 billion, significantly larger than SCHA's $20 billion [2] Performance & Risk Comparison - Over five years, VB has a max drawdown of -28.16%, while SCHA has a deeper max drawdown of -30.79% [3] - The growth of $1,000 invested over five years is $1,292 for VB and $1,221 for SCHA [3] Holdings & Sector Focus - SCHA aims to mirror the Dow Jones U.S. Small-Cap Total Stock Market Index, holding 1,730 stocks with a focus on technology, financial services, and industrials [4] - VB tracks the CRSP US Small Cap Index, holding 1,324 stocks, with a focus on industrials, technology, and financial services [5] - Notable holdings for SCHA include Sandisk, Lumentum, and Rocket Companies, while VB's notable holdings are Rocket Lab, Sandisk, and Ciena [4][5] Investor Implications - Both ETFs provide diversified exposure to the small-cap segment, with over 1,000 holdings each, but differ in sector allocation and risk profile [6] - SCHA's focus on technology may contribute to its higher volatility, reflected in a higher beta and deeper max drawdown compared to VB [6] - Despite SCHA's turbulence, it has outperformed VB over the past 12 months, while VB has a slight edge in five-year total returns [7] - VB's larger AUM provides greater liquidity, making it easier for investors to buy and sell larger amounts without affecting the ETF's price [8] - Investors seeking greater tech exposure may prefer SCHA, while those looking for more liquidity may benefit from VB's larger asset base [9]

Core Viewpoint - Costco Wholesale's stock has seen a significant increase of 16% at the start of 2026, approaching its all-time high of $1,078, with investor sentiment rising ahead of its upcoming earnings report on March 5 [1][2]. Financial Performance - In the last reported earnings on December 11, 2025, Costco's revenue increased by approximately 8.3%, with a comparable growth rate of 6.4%, indicating solid business performance [4]. - For December, a crucial holiday month, Costco's comparable sales growth rate was 7% across all regions, suggesting a strong quarter is likely in March [7]. Stock Valuation - Costco's stock is currently trading at a high price-to-earnings multiple of 54, significantly above the S&P 500 average of 25, indicating it is overvalued [10]. - Despite beating expectations in its last quarterly report, the stock did not see a corresponding increase and instead fell in the subsequent weeks [9]. Market Data - As of the latest data, Costco's current stock price is $998.31, with a market capitalization of $444 billion [8]. - The stock has a gross margin of 12.88% and a dividend yield of 0.64% [9].

Core Viewpoint - Edgewise Therapeutics is experiencing a positive market response following a bullish recommendation from analyst Yasmeen Rahimi of Piper Sandler, who has set a price target of $51 per share for the company's stock [2][3]. Company Overview - Edgewise Therapeutics' stock rose by 4% in a single day, outperforming the S&P 500 index, which only increased by 0.5% [2]. - The current stock price is $30.27, with a market capitalization of $3.1 billion [7]. Clinical Development - The company is advancing its leading cardiovascular drug candidate, EDG-7500, which targets hypertrophic cardiomyopathy (HCM) and is currently in a Phase 2 clinical trial [5][6]. - A readout from the clinical trial is expected in the second quarter of the calendar year, and the drug's novel functionality is anticipated to provide a competitive edge in the market [6]. Pipeline Potential - In addition to EDG-7500, Edgewise is developing Sevasemten, a treatment for muscular dystrophy, which is also well advanced in the development cycle [9]. - The analyst believes that several other pipeline programs have solid potential, indicating a robust future for the company's product offerings [9].

Shares of the tech giant fell after it posted its latest earnings numbers in January.It's been a tough start to 2026 for Microsoft (MSFT +3.24%), which is down more than 10% thus far and in danger of falling below $3 trillion in market cap. It would be a symbolic exclamation mark of the decline this normally stable stock has been on of late. It's currently down around 25% from its 52-week high of $555.45.What's gotten investors so down on the stock of late? And is this a great opportunity to invest in one o ...

While it has a better balance sheet, problems persist.Coming out of bankruptcy, Wolfspeed (WOLF 5.40%) was expected to offer investors a way to play the silicon carbide market without the shackles of its overly burdensome debt. However, the company's fiscal second-quarter earnings report showed that many of the problems that plagued the company and led to its bankruptcy still exist.NYSE : WOLFWolfspeedToday's Change( -5.40 %) $ -0.85Current Price$ 14.89Key Data PointsMarket Cap$408MDay's Range$ 14.85 - $ 16 ...

Core Viewpoint - The oil and gas services industry is experiencing consolidation, highlighted by the acquisition of Valaris by Transocean, which significantly increased Valaris' stock price by over 34% [1][3]. Group 1: Acquisition Details - Valaris shareholders will receive 15.235 shares of Transocean stock for each Valaris share, valuing Valaris at approximately $5.8 billion, representing a premium of over 35% compared to its closing price prior to the announcement [3]. - The transaction is expected to close in the second half of 2026, pending shareholder and regulatory approval [9]. Group 2: Fleet and Operational Strength - The combined entity will have the world's highest-quality offshore drilling fleet, consisting of 73 rigs, including 33 ultra-deepwater drillships and 31 modern jackups [6]. - Valaris CEO Anton Dibowitz emphasized the strategic advantage of combining high-specification deepwater assets with jackup expertise, enabling operations across various offshore environments [7]. Group 3: Financial Implications - The merger is projected to create a combined backlog of about $10 billion and generate estimated cost savings of $200 million, enhancing Transocean's cash flow and supporting debt reduction efforts [8].

Company Overview - D-Wave Quantum specializes in quantum computing hardware and cloud services, targeting enterprise clients across various industries [6] - The company generates revenue through hardware sales, cloud subscriptions, and enterprise quantum consulting and deployment services [8] - As of February 5, 2026, D-Wave Quantum's market capitalization is $6.31 billion, with a revenue of $24.14 million and a net income of -$398.81 million [4] Recent Transactions - Flynn Zito Capital Management disclosed a sale of 100,000 shares of D-Wave Quantum, valued at approximately $2.91 million, during the fourth quarter of 2025 [2] - The fund's position value in D-Wave Quantum decreased by $2.41 million over the quarter, reflecting both trading and price movements [2] - After the sale, D-Wave Quantum represented 0.37% of Flynn Zito's 13F AUM [7] Stock Performance - D-Wave Quantum's stock price was $17.21 on February 5, 2026, reflecting a 174.9% increase over the past year [7] - The stock has shown a one-year alpha of 162.76 percentage points compared to the S&P 500 [7] - Flynn Zito's initial purchase of 140,000 shares in Q1 2025 has resulted in a return of between 250% and 615% on the shares sold [7][9] Market Position - D-Wave Quantum is recognized as a leader in applied quantum computing solutions, focusing on enterprise adoption [6] - The company has established relationships with various sectors, including manufacturing, logistics, financial services, and life sciences, to apply its technology [8] - Despite its growth, D-Wave continues to incur significant losses, with a price-to-sales (P/S) ratio above 200, indicating challenges in valuation [11]

Group 1 - Cipher Mining's stock rose by 13.75% following a bullish analyst note from Morgan Stanley, indicating strong market interest despite general cryptocurrency performance [2][3] - Morgan Stanley initiated coverage on three Bitcoin miners, recommending "overweight" ratings for Cipher Mining and TeraWulf, while giving an "underweight" rating to Mara [3] - Analysts are optimistic about Bitcoin miners transitioning into the data center segment, which is expected to provide reliable cash flows compared to the volatility of cryptocurrencies [5] Group 2 - The demand for AI-capable infrastructure is anticipated to exceed supply, presenting a significant opportunity for companies like Cipher Mining and TeraWulf, despite their smaller data center operations [6] - Cipher Mining's current market capitalization is $5.8 billion, with a trading range of $15.01 to $17.00 for the day [7][8] - The potential for data center operations is viewed as more promising than cryptocurrency mining, although these companies are still in the early stages of establishing themselves in this segment [8]

Core Insights - Nike is undergoing a significant turnaround strategy under CEO Elliott Hill, focusing on rebuilding retail partnerships, emphasizing sports, and driving innovation [1] - Converse, acquired by Nike in 2003, has been struggling with declining sales, with a 30% drop in revenue to $300 million in the most recent quarter, marking a continued trend of negative growth [2][4] - Layoffs are anticipated at Converse due to prolonged revenue declines, with the CEO indicating difficult decisions ahead, including potential departures of senior executives [4][5] Financial Performance - Converse's revenue decline is part of a broader issue, with sales at a 15-year low, prompting discussions of layoffs as a cost-cutting measure [4] - Converse currently accounts for only 2.5% of Nike's total revenue, suggesting it is a minor component of Nike's overall business [8] - Nike's stock experienced a 2.4% decline, although it is uncertain if this is directly related to the issues at Converse [8] Strategic Considerations - There is speculation about the potential sale of Converse, as Nike has previously divested other brands, raising questions about Converse's future within Nike's portfolio [8][9] - Management has not confirmed any plans to sell Converse but has indicated a need for significant changes to return the brand to growth [9] - Nike anticipates ongoing challenges for Converse throughout the fiscal year, suggesting that investors should remain patient regarding the brand's turnaround efforts [10]