![]() Coinbase earns the lion’s share of its revenue and earnings from trading volume, so this is the most important aspect to consider. First, and most importantly, trading volumes could rise if another bull market rally takes hold. The company’s upside comes from two potential sources. But for those bullish on the future of crypto, Coinbase remains a leading stock to consider. We’ll have to see how its case with the SEC pans out. While this has provided some trouble for Coinbase in its recent struggles with the Securities and Exchange Commission (SEC), variety has been Coinbase’s friend. However, Coinbase is also relatively well-known for providing some of the best access to cryptocurrencies (more than 170) relative to its centralized counterparts. These span its core crypto exchange business, an NFT open market, and a software product storage framework.Ĭoinbase is primarily recognized for its crypto exchange (the world’s second-largest trading volume after Binance). Source: Nadezda Murmakova / Ĭoinbase (NASDAQ: COIN) is among the companies I’d put in the stocks to buy bucket, only for the most aggressive investors. Founded in 2012, Coinbase i s the leading cryptocurrency exchange in the United States. The company offers a range of consumer services in these sector. We’ll have to wait and see, but this is an intriguing contrarian bet in the high-growth space. That said, if inflation comes down because the Fed officially broke something, maybe it’s going to be party on for Shopify from here. This high inflation could lead consumers to make more budget-friendly and essential purchases, as mentioned by CFO Jeff Hoffmeister during the earnings conference call in Feb. It’s important to note that Shopify’s guidance considers the currently high inflation filtering through the economy. Despite better year-over-year comps, the company still wasn’t able to surpass analysts expectations in terms of its forward guidance. Second, high inflation has restricted consumer spending across its platform, leading to worse-than-expected projections for the company for 2023. Indeed, this earnings release stoked investors fears on a few fronts.įirst, it appears Shopify’s growth slowdown may be longer-lived than previously thought. Despite a rather impressive rally to start the year, shares of this e-commerce platform provider plunged following the release of its Q4 2022 results on Feb. The company’s performance this year has been better, but still tumultuous. Like other pandemic darlings, Shopify has seen its stock price fall off a cliff in 2022. Source: Beyond The Scene / įirst on this list of stocks to buy is none other than e-commerce company Shopify (NYSE: SHOP).
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