Hey, J.R. here,
Undoubtedly, the upcoming Wednesday's earnings season, akin to the "Super Bowl" for the financial world, is poised to shape the trajectory for the entirety of 2024.
This holds even if the Federal Reserve delays interest rate cuts, anticipated no later than the latter half of the year.
And we're all keenly aware of the powerhouse capable of propelling the market upwards against the odds: Nvidia.
I'll continue to delve into Nvidia's history, its current standing, and its significance for you, your family, and every American worker.
For now, let's shift our focus to a company that Wall Street seems to overlook, largely because they're too caught up in social media and blogging: Coinbase.
Coinbase: when your earnings report is more than a leading indicator… As The Block reported: "Last Thursday, Coinbase announced impressive Q4 earnings.
The publicly traded exchange surpassed Wall Street's revenue forecasts by more than $100 million, generating $953.8 million from trading and other services—a 41% increase over Q3's revenue.
A key contributor to Coinbase's significant performance boost was the resurgence in trading volumes in the final quarter of 2023.
With $154 billion in volume reported from October to December of last year, it marked the highest level since Q3 2022." |
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