Core Insights - The market's rise is primarily driven by strong earnings, particularly in the tech sector, which constitutes about 40-45% of the market and has seen a 27% increase this year, with 22% of that attributed to better earnings [2][3] - Financials are experiencing significant growth, with year-over-year increases of approximately 23-24%, contrasting with consumer and industrial stocks that have only risen by 2-4% [4] Company-Specific Insights - Robinhood's crypto trading revenue has surged over 300% year-over-year, indicating robust performance in the crypto sector [6] - The company aims to diversify its revenue, targeting 50% from outside the US and integrating various financial services into its platform [7] - Robinhood has been a top performer in the S&P 500 this year, reflecting its strong market position and growth potential [8][12] Market Trends - The prediction markets are emerging as a significant growth area for Robinhood, with trading volumes doubling each quarter, reaching 2.5 billion contracts in October [11] - The entry of competitors like Poly Market into the US market highlights the potential for growth in this new asset class [10][12] - The overall sentiment in the market suggests that more information from prediction markets can be beneficial for investors and strategists [15]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Robinhood (NASDAQ:HOOD) CEO Vlad Tenev said on Wednesday that the company is still evaluating whether to include Bitcoin (CRYPTO: BTC) in its corporate treasury, weighing the potential pros and cons. Need To Align With Shareholders, Says CEO During the company’s third-quarter earnings call, Tenev said that Robinhood has devoted considerable time to pondering this move. He highlighted that such a step would ...

Core Insights - Robinhood Markets (HOOD) stock declined by 7.5% during Thursday afternoon trading due to disappointing October crypto revenue, full-year operating expense guidance, and the upcoming departure of its chief financial officer [2] Financial Performance - The company's Q3 earnings report included disappointing figures related to crypto revenue for October [2]

Market Overview - Risk-off sentiment returned sharply on Thursday, leading to a broad selloff across Wall Street, particularly in AI-linked stocks and crypto markets [1] - The S&P 500 fell 1%, the Nasdaq 100 dropped 1.8%, and the Dow Jones Industrial Average lost 0.9%, with all major sectors trading lower except energy [2] Corporate Earnings - Robinhood Markets Inc. (NASDAQ:HOOD) plunged nearly 10% despite beating Wall Street expectations, marking its worst day since April [3] - QUALCOMM Inc. (NASDAQ:QCOM) topped estimates but slid about 5% due to weaker licensing revenue guidance [4] - Nvidia Corp. (NASDAQ:NVDA) dropped 3% after CEO Jensen Huang warned about the U.S. potentially falling behind China in the AI race [4] Crypto Market Performance - Bitcoin (CRYPTO: BTC) fell 1.7% to around $101,000, while Ethereum (CRYPTO: ETH) dropped 4% [4] ETF Performance - The Vanguard S&P 500 ETF (NYSE:VOO) fell 1.1% to $615.85, and the tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) dropped 1.8% to $611.88 [7] Upcoming Earnings Reports - Companies slated to report earnings include Airbnb Inc. (NASDAQ:ABNB), DraftKings Inc. (NASDAQ:DKNG), and Peloton Interactive Inc. (NASDAQ:PTON) among others [8]

Core Insights - Robinhood Markets is considering a Bitcoin treasury plan, which involves holding Bitcoin on its balance sheet similar to traditional assets like cash [1] - The company has a strong history of exceeding analyst expectations in earnings and revenue [3] - During the earnings call on November 5, CEO Vlad Tenev outlined a 10-year revenue plan aiming for over 50% of revenue to come from non-U.S. markets and institutional segments [4][5] Company Overview - Robinhood launched in 2015 as a commission-free trading app and expanded to include crypto and options trading in 2018, going public in 2021 [2] - The company achieved inclusion in the S&P 500 index in 2025 [2] Financial Performance - For the third quarter, Robinhood reported adjusted earnings per share (EPS) of $0.61, surpassing the estimated $0.53, and record revenue of $1.274 billion, exceeding the estimated $1.21 billion [6] Market Developments - The prediction markets segment is experiencing significant growth, with over 1,000 live contracts available across various domains [6][7] - The company is expanding its presence in the UK and EU, aiming to establish a leading global financial ecosystem [5] Leadership Changes - Robinhood appointed Shiv Verma as the new CFO, succeeding Jason Warnick [8]

Core Insights - Opendoor Technologies, Inc. is scheduled to release its third-quarter earnings report after the market closes on Thursday, followed by a "Financial Open House" livestream aimed at retail investors [1][2] Group 1: Earnings Presentation - The Financial Open House will include a recorded overview of Opendoor's Q3 financial results and business highlights [2] - Following the presentation, company leaders will host a live Q&A session, addressing questions from both retail and institutional investors [3] Group 2: Company Philosophy - CEO Kaz Nejatian emphasized the importance of simplicity and transparency in engaging with shareholders, stating that the approach of streaming on Robinhood and opening Q&A to shareholders is the right way to operate as a public company [4] - Interim CFO Christy Schwartz highlighted the accessibility of the event, allowing shareholders to ask questions directly without intermediaries [5][6] Group 3: Wall Street Expectations - Analysts expect Opendoor to report quarterly losses of seven cents per share and revenue of approximately $849.59 million for Q3, according to estimates from Benzinga Pro [7]

Robinhood cautious on adopting corporate bitcoin treasury: 'Is it the best use of our capital?' https://t.co/Ph4YQw8abR ...

[Music] [Music] Good Thursday morning from Yahoo Finance's New York City headquarter studios. I'm Yahoo Finance executive editor Brian Sazy. I've been lurking on our Yahoo Finance live blogs which you uh you can find at the top of our homepage all morning just digesting a ton a ton of headlines.Snapshares are ripping higher as an at $400 million deal with Perplexity. Pexity's search capabilities will appear in the chat interface starting in early 2026. Nothing disappearing there.Big day for Tesla and CO Elo ...

Group 1: Market Reactions and Company Performance - Snap shares surged over 15% following a $400 million deal with Perplexity, which will integrate its search capabilities into Snap's chat interface by early 2026 [1][4] - Tesla's $1 trillion pay package vote is a significant event, with ongoing concerns about valuation fears leading to selling on good news [2][3] - Duolingo's stock dropped approximately 26% after projecting a weaker than expected bookings forecast for Q4 [4] Group 2: Consumer Behavior and Economic Indicators - Costco reported a 6.6% increase in same-store sales for October, but management expressed concerns about consumer sentiment due to SNAP benefit uncertainties and the government shutdown affecting DC area warehouses [40][41] - Bank of America noted a 1.2% to 2% year-over-year increase in total card spending per household, with consumers becoming more selective in their spending habits [31][32] - Chime Financial reported a 29% year-over-year increase in sales, indicating resilience among consumers despite economic challenges [42][59] Group 3: Company Innovations and Future Outlook - Robinhood's third quarter results showed a 100% increase in sales and a 259% increase in EPS, driven by a major platform reinvention and expansion into prediction markets [9][10] - Chime is focusing on AI integration to enhance customer service, with over 70% of member interactions now handled by AI tools, leading to a 30% reduction in service costs [49][50] - Robinhood aims to establish itself in prediction markets, doubling contract volume every quarter, with significant growth potential in this new asset class [22][23]

Financial Performance - Robinhood's third-quarter net income increased by 271% to $556 million [1] - Assets held at Robinhood reached $333.33 billion (one-third of a trillion) [9] - Prediction markets achieved $100 million in annualized revenue, with a run rate of $300 million [21] Business Growth & Strategy - October showed continued strength, with record net deposits and trading revenues [4] - Robinhood is experiencing sustained engagement driven by the "Robinhood Flywheel," including more customers, deeper engagement, and increased trading volumes [5] - Robinhood's market share is growing across all assets [8] - Robinhood aims to become a 24/7 platform by expanding beyond US equities to include 24-hour markets, crypto, and prediction markets [12] - Robinhood's credit card has surpassed half a million cardholders with $8 billion in annualized spend, offering 3% cash back on all categories [15] - Robinhood has $25 billion in assets entrusted to them in retirement accounts [16] - Robinhood plans to expand into institutional and international markets, aiming for more than half of revenue to come from these sources within ten years [18]