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Dave Kovaleski

Westminster

Writer and Editor at Financial Regulation News

Writer and Market Analyst at ValueWalk

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Articles

  • 6 days ago | valuewalk.com | Dave Kovaleski

    It scored one of the biggest deals in the crypto industry. Coinbase Global (NASDAQ:COIN) stock was trading lower on Friday following the release of somewhat disappointing first quarter earnings. It was a stark about-face for the leading crypto trading platform after the stock surged one day earlier on news of a key acquisition. As for Q1 results, Coinbase generated $2 billion in revenue, a 24% increase over the first quarter of 2024. However, revenue was down 11% from the previous quarter.

  • 6 days ago | valuewalk.com | Dave Kovaleski

    The House doesn’t always win. DraftKings (NASDAQ:DKNG) stock was on the move on Friday, rising more than 2% despite falling short of earnings estimates and lowering its guidance for the rest of the year. In the first quarter, DraftKings generated $1.4 billion in revenue, a 20% increase over the same quarter a year ago. However, it was below the $1.46 billion that the Street had expected.

  • 1 week ago | valuewalk.com | Dave Kovaleski

    The SPDR S&P 500 ETF also showed up on the list for the first time ever. Capital One Financial (NYSE:COF), which recently received regulatory approvals to merge with Discover Financial (NYSE:DFS), was the most shorted stock in April, according to Hazeltree’s latest Shortside Crowdedness Report. Hazeltree, a technology and data provider for the alternative asset management industry, ranks the most shorted stocks among some 700 hedge funds and asset managers, tracking some 15,000 stocks.

  • 1 week ago | valuewalk.com | Dave Kovaleski

    Flutter fell short of earnings estimates in Q1. Flutter Entertainment (NASDAQ:FLUT), the parent company of online sports betting site FanDuel, missed on both revenue and earnings estimates in the first quarter – and it was due to one major reason, March Madness. The sports betting company saw revenue rise 8% in the quarter to $3.67 billion, but that fell short of consensus revenue estimates of $3.96 billion.

  • 1 week ago | valuewalk.com | Dave Kovaleski

    This could be a buying opportunity for investors. Investors reacted swiftly to a news report involving Apple’s Safari search and its impact on Google and its parent, Alphabet (NASDAQ:GOOG). The news, initially reported by Bloomberg, centered around testimony provided by Apple executive Eddy Cue, senior vice president of services, as part of the Department of Justice’s antitrust case against Google for its search monopoly.

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