Shares of mobile advertising company Digital Turbine, Inc. (APPS) are down more than 19% Wednesday morning after the company’s first-quarter outlook came in below analysts’ view. For the first quarter, the company expects revenue to be in the range of $183 million- $187 million and adjusted EPS to be between $0.34 and $0.35. On average, analysts polled by Thomson Reuters […]

MicroStrategy’s (MSTR) and Coinbase’s (COIN) Daily Chart Errily Resemble That of Bitcoin With respect to MicroStrategy, the daily chart below confirms a clear downtrend as MSTR is trading below the 50-day (white), 100-day (yellow), and 200-day (green) moving averages. Also, from the MSTR chart, it can be observed that trade volume has been significantly higher in the current month of […]

Equity markets are in green zone as news of China easing restrictions added to the relief over expectations that the Fed would pause on a tightening, after the rate hikes in June and July. The Dollar-Index meanwhile hovered near a one-month low. Asian markets ended with gains. European equity markets too rallied on the first day of the week. Wall […]

Crypto markets rebounded mildly early on Friday after the sell-off triggered by the anxiety surrounding Ethereum’s Merge planned for August, abated. Overall crypto market capitalization has increased by 1 percent in the past 24 hours to $1.21 trillion. Top ranked Bitcoin is trading at $29,229, rising more than 2 percent overnight. At the current market capitalization of $556 billion, BTC […]

Chinese miners are back from the abyss after months of inactivity, says a new report. Mining hashrates plunged drastically at the height of the country’s crackdown on cryptocurrency activity. A recent definition of Bitcoin by a Chinese court has offered a small ray of hope for investors in the country. At the height of its power, China controlled the largest […]

Sentiment remained weak as investors digested the minutes of the previous FOMC, released on Wednesday. The minutes revealed that most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings. Regarding risks related to the balance sheet reduction, the minutes indicated that several participants noted the potential for unanticipated […]

Shares of photomask products and services provider Photronics, Inc. (PLAB) are up nearly 4% in the morning trade on Wednesday after reporting better-than-expected second-quarter results. The company’s third-quarter outlook also is better than the Street view. Net income in the second quarter was $29.84 million or $0.49 per share that nearly tripled from last year’s $10.53 million $0.17 per share, […]

Gains were modest and sentiment was weak as investors waited for the release of the FOMC minutes on Wednesday. Anxiety prevailed on the extent and frequency of the rate hikes that the Fed would be resorting to. Forward guidance from corporate sector also stoked fears of recession, capping gains in the day’s trading. Asian and European equity markets recovered from […]

Hawkish comments from the ECB and Snapchat’s warnings on future earnings as well as revenue influenced equity market sentiments in Tuesday’s trade. Caution also prevailed ahead of the release of the FOMC minutes on Wednesday. Asian and European equity markets plunged. Wall Street Futures too are trading in the red zone. The Dollar Index retreated further. Bond yields eased across […]