tl;dr
Stock futures were mixed in premarket trading on Friday following strong tech earnings and disappointing retail sales data. Some of Friday's biggest stock movers included: BIGGEST STOCK GAINERS COIN stock surged over 14% after returning to profitability in Q4, with anticipated Q1 subscrip...
Stock futures were mixed in premarket trading on Friday following strong tech earnings and disappointing retail sales data. Some of Friday's biggest stock movers included:
Biggest stock gainers
- COIN stock surged over 14% after returning to profitability in Q4, with anticipated Q1 subscription and services revenue exceeding consensus and a decline in sales and marketing expenses.
- AMAT shares jumped by 12% after reporting better than expected FQ1 earnings and an upbeat outlook, expecting adjusted EPS and revenue to exceed consensus.
- TTD climbed over 19% following mixed Q4 results and provided optimistic guidance for the start of 2024, expecting revenue to surpass analyst consensus and adjusted EBITDA of about $130M.
Biggest stock losers
- ROKU shares plummeted by 15% following its report of a loss in Q4 despite exceeding the top line, due to challenges including intense competition and decreased consumer spending on video streaming services.
More about Coinbase Global Inc
Based on the financial data, Coinbase Global Inc. provides financial infrastructure and technology for the crypto economy and is headquartered in Wilmington, Delaware. The company has a market capitalization of $39.64 billion and reported a revenue of $2.63 billion. The stock performance shows a decrease of 3.21% with a price of $88.29, and a 11.3% change in operating income. The market sentiment appears slightly bearish with a decrease in stock price and operating income. However, the company's focus on the crypto economy may present potential opportunities for growth. It's important to note that past market behavior is not always a reliable indicator of future performance, and there may be uncertainties associated with the company's operations in the crypto market.
More about Applied Materials Inc
Applied Materials Inc is a leading American corporation in the manufacturing industry, specializing in the supply of equipment, services, and software for the production of semiconductor chips, flat panel displays, and solar products. With a market cap of 154.92 billion and a current stock price of $174.15, the company has shown a steady growth in recent months, with a positive RSI of 31.57 indicating bullish sentiment. However, the stock has experienced a recent decrease of 0.004, suggesting potential volatility and uncertainty in the market. While the company's financial metrics and stock performance are strong, it is important to consider potential risks and fluctuations in the market before making any investment decisions.
More about Trade Desk Inc
Trade Desk Inc is a technology company with a market cap of $37.12 billion and a stock price of $244.23. The stock has shown a 1-year return of 79.86% and a 3-year return of 183.106%. The company operates in the services-computer programming, data processing, etc. sector. The stock has shown a slight increase of 0.31% in the last trading session and has a beta of 1.667. The market sentiment appears bullish, with the stock showing strong performance over the past year. However, it's important to note that past performance is not always indicative of future results and there may be risks associated with investing in this stock.
More about Roku Inc
Roku Inc. operates a TV streaming platform and is headquartered in San Jose, California. The company operates within the technology sector, specifically in cable and other pay television services. With a market capitalization of $13.47 billion, Roku's stock performance has seen a decrease of -6.19% with a current price of $23.93. The Relative Strength Index (RSI) is at -0.258, indicating a neutral sentiment, and the company's stock has a market sentiment of 3367250000. At $88.94, the Bollinger Bands reflect a decrease of -0.649, suggesting a potential bearish trend. However, with a positive trend of 0.198, there may be a possibility of a bullish reversal. It's important to note that past market behavior may not always predict future performance, and there are potential risks and uncertainties associated with this analysis.
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