Benzingaยท2025-05-01 18:44Core Viewpoint - The earnings season is highlighting three crypto-adjacent companies: Riot Platforms Inc, MicroStrategy Inc, and Block Inc, each with distinct market performances and expectations ahead of their earnings reports [1][6]. Group 1: Riot Platforms Inc - Riot stock has experienced a modest 4.91% increase over the past month but remains down over 24% year-to-date and nearly 20% over the past year [1]. - The stock is trading below its 200-day simple moving average (SMA) and just above its 50-day SMA, indicating a strongly bearish trend, although there are signs of buying pressure suggesting potential interest from bargain-hunters [2]. Group 2: MicroStrategy Inc - MicroStrategy stock has shown remarkable performance, up 285% over the past year and 32% year-to-date [3]. - The stock is trading above all key moving averages, including the 200-day SMA of $265.89, with its current price at $396.60, indicating strong bullish signals and one of the cleanest bullish charts in the bitcoin ecosystem [4]. Group 3: Block Inc - Block stock is down 31.87% year-to-date but has gained 6.66% in the past month, indicating some recovery [4]. - The stock is trading above the eight-day and 20-day SMAs, showing bullish signs, but remains significantly below the 200-day SMA of $72.07, suggesting that while investor sentiment is improving, there is still technical work needed [5]. Group 4: Earnings Expectations - All three companies are set to report earnings after the market close, with varying narratives: MicroStrategy is priced for perfection, Riot is attempting to reverse its bearish trend, and Block is looking to improve its market position [6].