To The Moon

Robinhood Markets has been expanding beyond stock trading into credit cards, retirement accounts, and other financial services. When the brokerage firm reports second-quarter earnings after the market close on Wednesday, shareholders will have a chance to size up how those new efforts are faring.Analysts surveyed by Factset anticipate the company will report strong second quarter earnings growth. They are looking for earnings per share of 16 cents on revenue of $640 million. That compares with earnings of three cents and revenue of $486 million for the second quarter of 2023.The earnings report lands at a volatile moment in markets, with a sharp sell-off in equities earlier this week. Shares of Robinhood have plummeted 24% over the past month, falling to $17.05 at the close on Tuesday and erasing some of the stock's substantial run-up earlier this year. The stock is still up 35% year to date compared with a 9.9% gain for the S&P 500.

The major small-cap stock index, the Russell 2000, is losing its savior, Super Micro Computer. Investors should prepare for the index to make its next move -- without Super Micro.The Russell 2000 is now barely up for the year so far -- just about 0.1% -- after gaining 1% in the first half of 2024, which concluded Friday. Meanwhile, the large-cap S&P 500 has climbed 15% so far.Super Micro makes various technology hardware products. In its quarter ended in December 2023, its sales jumped more than $1 billion from the prior quarter as the company partnered with Nvidia to create data center components that feature artificial intelligence. Now, analysts expect Super Micro's revenue to hit $19.4 billion this year, with growth set to continue in 2025.The resulting jump in its stock price, though, makes Super Micro's market value too large to remain in the Russell 2000. Each year at the end of June, the index rebalances to ensure its components maintain a relatively low average market cap, whi

June 12 - Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, Musk said on social media platform X on Wednesday, adding that passage was by wide margins.A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan, which at the time was the largest in U.S. corporate history, saying the board was "beholden" to CEO Musk.It also marks a massive wi

SHANGHAI, April 16 (Reuters) - Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the m

Turning $20,000 into $1 million can be done, but it isn't easy.

Marathon Digital Holdings (NASDAQ:MARA) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.03 by 166.67 percent. The company reported quarterly sales of $156.77 million