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Top Stock Movers Now: Ford, AMD, Deckers, Newmont, and More
Yahoo Finance· 2025-10-24 16:37
Core Insights - Ford Motor shares surged after the automaker posted quarterly results that exceeded analysts' estimates, driven by strong demand for its "Pro" commercial and fleet vehicles [2][5] Group 1: Market Performance - The Dow, S&P 500, and Nasdaq reached record highs in intraday trading, influenced by strong corporate earnings and a cooler-than-expected inflation report [2][5] - Ford Motor was the best-performing stock in the S&P 500, reflecting positive market sentiment following its earnings report [2] Group 2: Company-Specific Developments - Advanced Micro Devices (AMD) shares increased after IBM reported it could run certain quantum computing algorithms on AMD chips, boosting both companies' stock prices [3] - Coinbase Global (COIN) shares rose following an upgrade from JPMorgan, highlighting potential new growth sources for the cryptocurrency exchange [3] - Deckers Outdoor (DECK) shares fell significantly after the company provided a weaker-than-expected outlook, citing consumer pullback due to tariffs and higher prices [4][5] - Illinois Tool Works (ITW) shares declined after missing sales estimates and narrowing its guidance due to anticipated supply chain issues related to tariffs [4][5] - Newmont (NEM) shares dropped amid concerns about production despite the company exceeding analysts' estimates in its third-quarter results [4]
Coinbase, eBay upgraded: Wall Street's top analyst calls
Yahoo Finance· 2025-10-24 13:34
Core Insights - The article compiles significant research calls from Wall Street that are influencing market movements and investor decisions [1] Upgrades Summary - Citizens JMP upgraded eBay (EBAY) to Outperform from Market Perform with a price target of $115, citing improved consumer experience and projected mid-single-digit merchandise volume growth by 2026 [2] - JPMorgan upgraded Coinbase (COIN) to Overweight from Neutral with a new price target of $404, increased from $342, highlighting attractive valuation and monetization opportunities in the cryptocurrency sector [2] - Morgan Stanley upgraded Tractor Supply (TSCO) to Equal Weight from Underweight with a price target of $60, up from $50, noting the company is moving past its investment cycle and returning to normalized levels [2] - Keefe Bruyette upgraded AppFolio (APPF) to Outperform from Market Perform with a price target of $311, emphasizing the stock's underperformance and potential revenue growth acceleration above 20% due to new AI and resident services products [2] - UBS upgraded Alliant Energy (LNT) to Buy from Neutral with a price target of $79, increased from $74, driven by load growth, capital expenditure increases, and regulatory alignment [2]
Coinbase Grows Altcoin Offerings With aPriori (APR) and Meteora (MET) Listings
Yahoo Finance· 2025-10-24 04:56
Core Insights - Coinbase has expanded its trading offerings by listing two new altcoins, aPriori (APR) and Meteora (MET), as part of its strategy to enhance its crypto asset range in a competitive market [1][2] Group 1: Trading Details - Trading for APR and MET commenced on October 23, and both tokens are available on Coinbase.com, the mobile app, and Coinbase Advanced, with institutional access through Coinbase Exchange [2] - Users can place and cancel limit orders, but market orders are not permitted, and users are advised to verify the correct network before transfers [3] Group 2: aPriori (APR) Overview - APR operates on the Ethereum network and serves as a liquid staking platform on Monad, utilizing MEV strategies to boost user rewards [3][5] - Since its launch, APR's value has surged by 92.8%, trading at $0.61 at the time of reporting [4] Group 3: Meteora (MET) Overview - MET is the native token of the Meteora decentralized liquidity protocol on the Solana blockchain, featuring products like Dynamic Liquidity Market Maker and Dynamic Automated Market Maker [6] - Despite being listed on multiple exchanges, MET's price has experienced volatility, dropping 15% since its market entry, with a current trading price of $0.58 [7] - The project has faced criticism regarding its airdrop allocation, where wallets linked to TRUMP meme-coin insiders received approximately $4.2 million in MET tokens [8]
As Coinbase Buys the Echo Platform, Should You Buy, Sell, or Hold COIN Stock?
Yahoo Finance· 2025-10-23 18:43
Core Insights - Coinbase Global is a prominent U.S.-based cryptocurrency exchange, offering secure trading and custody services for over 240 digital assets, including Bitcoin and Ethereum, and operates in more than 100 countries [1] Financial Performance - In Q2 2025, Coinbase reported revenue of $1.5 billion, a 3.3% year-over-year increase, but 5.7% below Wall Street estimates of $1.59 billion [4] - Earnings per share were $0.12, significantly underperforming expectations of $1.51, attributed to weaker trading volumes and a 39% sequential decline in transaction revenue [4] - GAAP net income surged to $1.43 billion, driven by unrealized gains from investment portfolios totaling $1.86 billion, while adjusted net income was only $33 million, indicating underlying operational weaknesses [5] - Adjusted EBITDA decreased to $512 million from $596 million a year prior, impacted by increased operating expenses due to a $307 million data breach charge [5] - Coinbase maintains strong liquidity with $9.3 billion in total USD resources and a $1.8 billion crypto portfolio [5] Stock Performance - As of late October, Coinbase's stock has shown volatility, falling about 2% over the past five days but rising 1.4% over the last month [2] - Over the past six months, the stock is up approximately 66%, and year-to-date gains stand near 31%, outperforming the S&P 500's 15% rise [2] - In the past 52 weeks, Coinbase has surged about 63%, significantly exceeding the S&P 500's 16% advance [2] Market Conditions - Coinbase's stock movements closely track crypto cycles, demonstrating strong resilience but also heightened volatility [3]
WazirX to Restart Trading with Zero Fees
Yahoo Finance· 2025-10-23 11:20
Core Insights - WazirX, once a leading exchange in India, will resume operations on October 24 after the Singapore High Court approved its restructuring plan, marking the end of a turbulent period following a significant security breach in 2024 [1][5][6] Group 1: Resumption of Operations - Trading will resume in phases over four days, starting October 24, with approximately 25% of all listed tokens becoming available each day, achieving full functionality by October 27 [3] - All trading will begin with zero fees for a minimum of 30 days to encourage user engagement and rebuild confidence [2] Group 2: Security and User Trust - WazirX has partnered with BitGo to implement insured, institutional-grade storage solutions, enhancing fund safety and transparency [7] - The exchange has completed various preparatory actions, including token swaps and a rebranding campaign, to facilitate a smooth relaunch [7] Group 3: User Impact and Recovery - The relaunch addresses the uncertainty faced by over 150,000 users after a major security breach where approximately $234.9 million was stolen [5] - WazirX plans to distribute tokens to creditors within 10 business days and will issue Recovery Tokens as part of its revival strategy [8]
WazirX to restart on October 24 with 0% trading fees
Yahoo Finance· 2025-10-23 08:36
Core Points - WazirX, an Indian cryptocurrency exchange, will restart operations on October 24 after a restructuring process approved by the High Court of Singapore, marking a new chapter focused on trust, transparency, and innovation [1] - The restructuring, supported by WazirX's creditors, allows the platform to resume trading and distribute tokens to creditors within 10 business days, alongside the introduction of Recovery Tokens [2] - WazirX will implement 0% trading fees across all trading pairs as part of its Restart Offer, alleviating transaction costs for users [2] Company Strategy - The relaunch will begin with select crypto-to-crypto pairs and the USDT/INR market, followed by a gradual expansion of additional trading pairs [4] - To enhance fund safety, WazirX has partnered with BitGo for institutional-grade, insured custody solutions for user assets [4] - The restructuring included token swaps, mergers, delistings, and migrations, emphasizing a commitment to user protection and regulatory transparency [5] Background and Recovery Efforts - WazirX experienced a significant exploit of $234.9 million on July 18, 2024, attributed to a cyberattack by North Korea's Lazarus Group, leading to a major recovery effort [6] - The restructuring plan was approved after over 95% of participating creditors voted in favor of it in mid-August 2025, aimed at recovering user assets and restarting operations [7]
Coinbase to List Binance’s BNB, Signaling Shift in Crypto Exchange Dynamics
Yahoo Finance· 2025-10-22 21:33
Coinbase has confirmed plans to list BNB , the native token of Binance‘s BNB Smart Chain, marking the first time the US-based exchange will support an asset issued by its largest competitor. The exchange stated that BNB deposits must be made exclusively via the BNB Smart Chain, warning users not to transfer the token through other networks. Trading for the BNB-USD pair will begin once the liquidity conditions are met in regions where the activity has been approved. Coinbase said BNB will be available on Co ...
How Crypto Exchanges Use AI to Power Next-Gen Trading Tools – Can Traders Really Trust Them?
Yahoo Finance· 2025-10-22 21:16
Core Insights - The article discusses the integration of AI tools in cryptocurrency exchanges, highlighting how platforms like Bitget, Kraken, and Binance are leveraging AI to enhance trading experiences and decision-making for users [5][6][12]. Bitget and GetAgent - Bitget has launched GetAgent, which includes features like closed-loop futures trading, personalized wealth management recommendations, and adaptive trading bots, enabling real-time monitoring of cryptocurrencies and alerting users to changes [1][4]. - GetAgent helps users make informed decisions by removing emotional biases from trading, allowing for data-driven recommendations [2][3]. - The tool allows users to interact similarly to consulting an advisor, asking specific questions about portfolio management and market conditions [4]. Kraken's Acquisition of Capitalise.ai - Kraken has acquired Capitalise.ai, a no-code, natural-language trading automation platform, to enhance its trading capabilities [9][10]. - The integration of Capitalise.ai will enable Kraken users to automate complex trading strategies without coding, supporting various asset classes beyond cryptocurrencies [10][11]. Binance's AI-Powered Features - Binance has introduced AI-driven features in its app, including customizable user experiences and tools for real-time market sentiment analysis [12][13]. - The AI token report provides quick overviews of market outlooks, updated hourly, and includes sentiment analysis based on social media activity [14][15]. - Smart money signals aggregate data from various sources to provide insights into market trends and allow users to execute trades directly from the signals page [16]. Comparative Analysis of AI Tools - A comparison of AI tools across Bitget, Kraken, and Binance reveals differences in features such as natural-language strategy setup, trade execution methods, and target user levels [20]. - Bitget's GetAgent offers a low barrier to entry with a chat interface, while Kraken focuses on pro-grade automation and strategy building [20]. - Binance provides a broad ecosystem with personalized user interfaces and a variety of signals and automation tools [20].
BNB Dips as Robinhood, Coinbase List Coin Following Record Surge
Yahoo Finance· 2025-10-22 20:46
Core Insights - Robinhood has added support for BNB, the fourth largest cryptocurrency by market capitalization, making it available to U.S. customers [1] - This move follows a similar announcement from Coinbase, indicating a trend among major exchanges to support BNB [1][2] - BNB's price was around $1,070, reflecting a 2.1% drop in one day and a 22.3% decline from its all-time high of $1,370 set less than ten days prior [3] Group 1: Company Actions - Robinhood now offers approximately 41 cryptocurrencies for trading in the U.S. through its mobile app, which is fewer than the hundreds listed by Coinbase [2] - The addition of BNB is seen as beneficial for both Coinbase and Robinhood, as it aligns with the interests of their user base and reflects the maturity of the cryptocurrency industry [4][5] Group 2: Market Dynamics - Binance is the largest cryptocurrency exchange by trading volume, but access to BNB has historically been limited for American users [3] - The listing of BNB by major exchanges is perceived as a stamp of approval, enhancing the credibility of the asset and the exchanges themselves [5][6] - The support for widely decentralized and high-utility assets like BNB is indicative of the evolving landscape of cryptocurrency exchanges [6]
Crypto Exchange Kraken Is Taking Staff on Caribbean Island Retreat in January: Sources
Yahoo Finance· 2025-10-22 19:33
Group 1 - Kraken plans to take the majority of its staff to a Caribbean island in January 2024 for a team-building event ahead of its anticipated U.S. listing [1] - The company has issued a special one-off bonus to all employees, indicating a positive shift in morale after earlier staff cuts [2] - Kraken reported a significant increase in revenue, with Q3 revenue more than doubling and adjusted earnings before taxes reaching $178.6 million, a 124% increase quarter-over-quarter [2] Group 2 - The company is expected to file its S-1 with the U.S. Securities and Exchange Commission (SEC) before the end of this year, although the exact timing has not been confirmed [3]