Microstrategy (MSTR), other Bitcoin stocks slump
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- US stocks close down as oil spikes 12%, job market weakens
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- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
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Coinbase (COIN) stock: consensus 'too optimistic' says Mizuho, expects an earnings miss
July 9, 2024 9:11 AM UTCMizuho analysts are casting doubt on Coinbase's (NASDAQ: COIN) consensus earnings expectation, predicting a 10% miss.
Their note assessed factors leading to their bearish outlook. "We believe consensus is overly optimistic in extrapolating strong March trends," states Mizuho.
They point to a decline in... More
