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HOOD Jun 2024 15.000 put
| Previous close | 0.4900 |
| Open | 0.6500 |
| Bid | 0.4800 |
| Ask | 0.5000 |
| Strike | 15.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.4800 - 0.6500 |
| Contract range | N/A |
| Volume | |
| Open interest | 5.41k |
- Yahoo Finance Video
Why stock reactions often don't reflect earnings: Strategist
As earnings season unfolds, companies like Uber (UBER) have taken center stage with their financial reports. Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination to provide insights on the day's trading takeaways. Addressing Uber's share price decline despite beating earnings, Sosnick suggests that the impact on the markets will be "Uber-specific." However, he notes a broader trend where companies posting earnings beats have not seen their stock prices reflect that performance. Sosnick explains that "people are looking through them [earnings] to see how they're managing their businesses." "We've gotten sort of spoiled by the Nvidias (NVDA) of the world, the beat and raise, then beat again and then raise again," Sosnick told Yahoo Finance, adding: "That's not necessarily normal, and so I think what happens is the markets do tend to punish disappointment more than they reward success on earnings. You're supposed to beat on earnings, you're supposed to do well." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Reuters
UPDATE 2-Robinhood beats profit estimates on interest income strength
Online trading app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6% after the bell on Wednesday. Robinhood Crypto enables customers to deposit and withdraw cryptocurrencies to and from its custodial platform and also routes customer orders to liquidity providers based on the lowest price. Brokers like Robinhood, which allows traders to borrow against their investments, can charge higher interest on such loans.
ReutersRobinhood beats profit estimates on interest income strength
The company, which has been trying to register with the U.S. Securities and Exchange Commission for nearly two years, received an enforcement action notice from the regulator over crypto tokens traded on its platform earlier this week. Robinhood Crypto enables customers to deposit and withdraw cryptocurrencies to and from its custodial platform and also routes customer orders to liquidity providers based on the lowest price. Brokers like Robinhood, which allows traders to borrow against their investments, can charge higher interest on such loans.
