Robinhood Partners With Arbitrum Blockchain To Simplify Crypto Swaps

Trading platform Robinhood (NASDAQ:HOOD) on Thursday announced plans to integrate Arbitrum (CRYPTO: ARB), a leading layer-2 Ethereum (CRYPTO: ETH) blockchain, into its Robinhood Wallet. What Happened: The collaboration aims to facilitate easier and more efficient crypto swaps for its users and represents a bridge between traditional financial platforms and the burgeoning world of decentralized finance (DeFi). Arbitrum, known for its efficiency and lower transaction costs compared to Ethereum’s mainnet, stands at the forefront of DeFi innovation with a total … Read more…

Merrill And Wells Fargo Jump On Board: Bitcoin ETFs Reach Wall Street Elite

Merrill, a division of Bank of America Corp. (NYSE:BAC), and the brokerage arm of Wells Fargo & Co. (NYSE:WAC) have begun offering their wealth management clients access to Bitcoin ETFs. What Happened: The Rollout Of Bitcoin ETFs Quoting sources, Bloomberg reported that these financial giants are extending these ETFs to select wealth management clientele who express interest in these offerings. This development follows the Securities and Exchange Commission’s approval of nearly a dozen Bitcoin ETFs in … Read more…

Top Stocks Not Named Nvidia You Need To Know About In 2024: Here’s What Investors Think (Wall Street Vs. Reddit)

Nvidia Corp. (NASDAQ:NVDA) has undoubtedly emerged as the standout performer among S&P 500 stocks in the initial two months of 2024. While the Santa Clara, California-based tech company enjoyed a 60% gain, there’s a pack of lesser-trumpeted names that have quietly delivered impressive returns in their own right. These stocks have significantly outpaced the broader market. Within the S&P 500 index, 10 stocks have achieved returns exceeding 25% so far this year. Noteworthy among them … Read more…

Dell Reports Better-Than-Expected Q4 Results Driven By AI Server Demand

Dell Technologies, Inc. (NYSE:DELL) reported its fourth-quarter financial results after the bell Thursday and highlighted increasing demand for its AI servers. Here’s a look at the highlights. The Details: Dell reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.73 by 27.17%. Quarterly sales clocked in at $22.3 billion, beating the analyst consensus estimate of $22.16 billion. Dell highlighted increasing demand for its AI servers and reported servers and networking … Read more…

Wall Street’s Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 12% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy . Below are the ratings of the most accurate analysts for three high-yielding … Read more…

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the … Read more…

Why Are Marathon Digital Shares Sliding Premarket Amid Bitcoin’s Breathtaking Rally?

Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) fell sharply in premarket trading on Thursday after the Fort Lauderdale, Florida-based Bitcoin (CRYPTO: BTC) miner announced its fourth-quarter results. The company reported its fourth-quarter revenue climbed about 452% year-over-year to $156.77 million, thanks to strong Bitcoin mining. The top line exceeded the consensus estimate of $144.08 million. The company reversed to a profit of 66 cents per share from a loss of $3.13 per share a year … Read more…

Chinese Tech In Cars Now A Security Threat? Biden Says ‘Not Going To Let That Happen On My Watch’ As US Starts Probe

The White House on Thursday said that the United States has initiated an investigation into connected vehicles with technology from “countries of concern” including China in a bid to ensure national security. What Happened: President Joe Biden in a statement noted that the connected cars from China could collect sensitive data which it could send back to China. These vehicles could even be remotely accessed or disabled thereby mandating the investigation, he said. The Secretary … Read more…

Snowflake Stock Melts On Q4 Earnings, CEO Transition: The Details

Snowflake Inc (NYSE:SNOW) reported fourth-quarter financial results Wednesday after the close. Here’s a rundown of the report. Q4 Earnings: Snowflake’s fourth-quarter revenue increased 32% year-over-year to $774.7 million, which beat the consensus estimate of $759.1 million, according to Benzinga Pro. The data cloud company reported quarterly earnings of 35 cents per share, which beat analyst estimates of 18 cents per share. Product revenue came in at $738.1 million, up 33% year-over-year. Remaining performance obligations totaled $5.2 billion, up 41% year-over-year. … Read more…

Reddit’s IPO Buzz: What Investors Must Be Aware (Or Wary) Of

Reddit user u/k_ristovski offered a detailed breakdown of the social media platform’s initial public offering (IPO) prospectus. Here are some potential opportunities and pitfalls that investors considering the Reddit IPO must be aware (or wary) of. Penetration Rate And Growth Beyond US Reddit’s revenue primarily stems from advertising, constituting a whopping 98% of its $804 million revenue in 2023. While the advertising model appears robust, red flags emerge when examining the penetration rate based on … Read more…