Market Overview - U.S. stock futures showed a positive bias during the Presidents' Day holiday, with S&P 500 futures up approximately 0.4% and Dow Jones Industrial Average futures climbing 0.3% [1] - The tech-heavy Nasdaq-100 futures also gained 0.4%, reflecting optimism from the previous trading session [1] Economic Indicators - Headline inflation has cooled to 2.4%, with core inflation dropping to 2.5%, the lowest since early 2021, reinforcing expectations for a potential interest rate cut by the Federal Reserve as early as June [2] - The 10-year U.S. Treasury yield has stabilized near 4.07%, providing a supportive backdrop for equities [2] Major Index Performance - The S&P 500 finished at 6,836.17, up less than 0.1%, while the Dow Jones Industrial Average closed at 49,500.93, adding roughly 48 points [3] - The Nasdaq Composite slipped by 0.2% to 22,546.67, primarily due to a pullback in the semiconductor sector [3] - The Russell 2000 showed significant year-to-date strength, up over 6.6% as investors rotate into small-cap value plays [3] Upcoming Market Events - Palo Alto Networks is set to release its quarterly results on Tuesday, followed by Analog Devices and Booking Holdings on Wednesday [4] - Walmart will report its fourth-quarter and full-year fiscal 2026 earnings on Thursday, with analysts expecting revenue growth of 5.4% [5] - The Federal Reserve will release minutes from its recent policy meeting, along with upcoming U.S. GDP and PCE inflation data, which may signal potential rate cuts [5] Corporate News - Rivian Automotive saw a significant stock increase of over 26% due to analyst upgrades and rumors of expanded electric vehicle partnerships [6] - Coinbase Global surged 16.46% following a completed share buyback tranche and increased crypto-asset volatility [6] - Constellation Brands experienced an 8.04% decline after announcing a leadership transition [7] - Nvidia shares were down 2.2% ahead of its earnings call on February 25th [7] - AppLovin rebounded 6.4% amid discussions on the impact of artificial intelligence on SaaS business models [7]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Coinbase Global, Inc. (COIN), and emphasizes the importance of using these recommendations in conjunction with other research tools like the Zacks Rank [1][5]. Group 1: Brokerage Recommendations for Coinbase Global - Coinbase Global has an average brokerage recommendation (ABR) of 1.97, indicating a consensus between Strong Buy and Buy, based on 34 brokerage firms [2]. - Out of the 34 recommendations, 19 are classified as Strong Buy, accounting for 55.9%, while only one is classified as Buy, representing 2.9% [2]. Group 2: Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations have limited success in guiding investors towards stocks with the highest price increase potential [5]. - Analysts from brokerage firms often exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [6][11]. Group 3: Zacks Rank vs. ABR - The Zacks Rank is a proprietary tool that classifies stocks based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [8][12]. - Unlike ABR, which is based solely on brokerage recommendations, the Zacks Rank is updated frequently to reflect changes in earnings estimates, making it a timely indicator of future price movements [13]. Group 4: Current Earnings Estimates for Coinbase Global - The Zacks Consensus Estimate for Coinbase Global has declined by 6% over the past month to $5.42, indicating growing pessimism among analysts regarding the company's earnings prospects [14]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Coinbase Global, suggesting caution despite the Buy-equivalent ABR [15].

The Crypto HeadwindSpeaking in his weekly market commentary, Eisman underscored the renewed “decline” in crypto prices as a major factor hurting platforms like Robinhood and Coinbase Global Inc. (NASDAQ:COIN) .He noted that a “not insignificant portion” of Robinhood’s customers invest in crypto, and this slump is directly impacting its performance. The company recently missed on earnings, revenue, and net new assets – all critical metrics.Eisman bluntly stated, “I doubt Robinhood will go up until at least c ...

Core Insights - Retail users on Coinbase are demonstrating resilience by consistently purchasing Bitcoin and Ethereum during market downturns [1][2] - CEO Brian Armstrong noted that the majority of retail customers maintained or increased their Bitcoin and Ethereum balances from December to February [2] - Google search interest for Bitcoin reached a five-month high in February, coinciding with a significant price drop [2] Retail Accumulation - There has been a notable increase in the number of Bitcoin and Ethereum units held by retail users on Coinbase [2] - Binance retail traders exhibit strong optimism for Bitcoin, with a Long/Short ratio of 1.90 [3] - The Bitcoin Exchange Reserve metric indicates that investors are withdrawing coins for long-term holding, as reserves sharply declined after a sell-off [3] Financial Performance - Coinbase's fourth-quarter revenue for 2025 was reported at $1.78 billion, which fell short of analyst expectations, while earnings per share (EPS) of $0.66 exceeded forecasts [4] - The company's full-year revenue reached $7.2 billion, marking a 9% increase compared to the previous year [4] - Armstrong mentioned the potential for Coinbase to launch its own prediction market business, expanding beyond its current role as a retail distributor [4] Stock Performance - Coinbase shares experienced a 16.46% increase, closing at $164.32 during the last trading session [5] - Despite the recent price increase, COIN stock is characterized by a weaker price trend across short, medium, and long-term periods [5] - The stock holds an average Value ranking according to Benzinga's Edge Stock Rankings [5]

🔥 TODAY: Coinbase CEO Brian Armstrong says retail users remained resilient during market downturn, buying the dip as majority increased BTC and ETH holdings. https://t.co/NtYCP6QUwp ...

RT Mr. Crypto Whale 🐋 (@Mrcryptoxwhale)🚨 BREAKING:MAJOR EXCHANGES INCLUDING BINANCE, COINBASE, AND BYBIT ARE TRIGGERING MASS LIQUIDATIONS ACROSS THE MARKETMILLIONS IN $BTC LONG POSITIONS ARE BEING FORCED OUT DURING LOW-LIQUIDITY HOURSVOLATILITY IS SPIKING — AND TRADERS ARE QUESTIONING WHAT’S REALLY DRIVING THIS MOVE ...

JUST IN: Brian Armstrong says Coinbase data shows an increase in retail users buying the Bitcoin & ETH dip. ...

🚨MARKETS: ANOTHER WEEK OF MASSIVE BLACKROCK CRYPTO TRANSFERSThis week has seen @blackrock's crypto transfers to @Coinbase Prime continue.Since Monday, the financial giant has moved more than 9,000 $BTC to the exchange.We took a look at what's actually happening. Read now ⬇️BSCN (@BSCNews):https://t.co/EsCu0gtkDf ...

Coinbase is playing by old rules. The New Money App plays for 2026.Receive 5% APY on USDG on OKX and leave bad rates behind. https://t.co/vG2cpHJCQt ...

RT Nick Szabo (@NickSzabo4)Bitcoin is, currently, a little bit less expensive than physical gold for individuals to self-custody (custody costs and risks) and far less expensive and quicker to transfer (validation/assay costs and risks and global settlement).Bitcoin is so far neither considerably cheaper nor more expensive than gold for institutions to hold, because of the trust/control issues involved in institutional custody.Technology can make Bitcoin considerably cheaper to self-custody, both for indivi ...