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Are tech stocks a sell nowadays? That depends on the potential opportunities specific to each company. In 2024's competitive election, some "little tech" stocks could benefit from Donald Trump's Candidacy. Below are 3 little tech stocks that may get that boost. It's hard to make a tech stock list that could benefit from a Trump victory without mentioning his own social media company. Donald Trump has always had a contentious relationship with both legacy and new media platforms. These tensions became even m ...

As we approach the end of July, the allure of high-flying growth stocks may be wearing thin for some investors. While these stocks have been the darlings of Wall Street during periods of bullish market sentiments, not all growth narratives continue upward indefinitely. In recent months, some growth stocks have shown signs of faltering under the weight of unrealistic expectations and fundamental economic shifts. Whether it's due to diminishing returns, market saturation, or unfavorable changes in their indus ...

Coinbase's roots and history of growth But these are just recent numbers. Previous rounds of fundraising show just how monumental Coinbase's growth story has been. Consider that in 2015 the company was valued at just under $500 million after its Series C fundraising. Since then Coinbase has grown by more than 12,000%; it is currently valued at roughly $65 billion. The company's commitment to innovation is evident in the launch of its very own blockchain, Base, and its role in the recently approved spot Bitc ...

It's worth noting that Intuitive Surgical reported earnings per share of $1.46 for Q1 2024. On a year-on-year basis, the EPS increased by 23.7%. That would imply a price-earnings-to-growth ratio of 2.9 and underscores my view on stretched valuations. In terms of positives, the number of da Vinci Surgical Systems installed in hospitals globally continues to swell. That has translated into a sustained increase in recurring revenue. Further, of the total 9,203 da Vinci system installed base, 5,385 are in the U ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.45 billion, up 104.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.51% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collecti ...

Coinbase Asset Management is reportedly creating a tokenized money market fund. In another move in the tokenization space, Ripple and Archax said in June that they extended their existing collaboration in an effort to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year. Tokenized RWAs have the potential to make assets more liquid, accessible and efficient while enhancing transparency, security and global reach. It also comes after asset ...

Due to its ability to provide secure and transparent records, blockchain is essential in tracking and verifying transactions and assets in different sectors. For instance, blockchain was proposed in vaccine management to guarantee the correct distribution. It has also been proposed for other use cases, such as giving people immutable digital identities akin to a virtual ID card for people in the developing world. Therefore, time is of the essence for investors to take advantage of these blockchain stocks be ...

Ether (ETH) exchange-traded funds (ETFs) began trading yesterday. Though the cryptocurrency -- second in popularity only to Bitcoin (BTC) -- is lower today, now seems like an appropriate time to check in with exchange platforms Coinbase Global Inc (NASDAQ:COIN) and Riot Platforms Inc (NASDAQ:RIOT). COIN was last seen down 2.4% to trade at $251.42, brushing off an upgrade to "buy" from "neutral" at Citigroup, as well as a price-target hike to $345 from $260. The shares recently bounced off their 40-day movin ...

Coinbase (NASDAQ:COIN) stock is on the move Tuesday after Citi analysts increased their price target for the crypto company's shares. That saw the firm increase its price target for COIN stock from $260 per share to $345 per share. This represents a potential upside of 30.1% for Coinbase stock. It's also above the analysts' consensus price prediction of $237.50 per share. On top of that, the Citi analysts also updated COIN stock from a "neutral" rating to a "buy" rating. That's more bullish than the analyst ...