logo
Coinbase, Robinhood stocks hit all-time highs as Trump set to sign key legislation

Coinbase, Robinhood stocks hit all-time highs as Trump set to sign key legislation

Yahoo18-07-2025
Coinbase, Robinhood stocks hit all-time highs as Trump set to sign key legislation originally appeared on TheStreet.
The Coinbase (Nasdaq: COIN) stock hit an all-time high (ATH) of $444.64 within a few minutes of the market opening hours on July 18.
The stock has been hitting record highs of late, thanks to the progress on key crypto bills in the U.S. Congress.
The House of Representatives passed the GENIUS, CLARITY, and Anti-CBDC Acts the previous day, and President Donald Trump is expected to sign the GENIUS Act, which deals with stablecoin regulation, this afternoon.
Coinbase, the largest crypto exchange in the U.S., went public in April 2021 after its launch in June 2012.The stock joined the much-coveted S&P 500 list this May, cementing its status as a dominant crypto player that is ready to challenge the hegemony of the established traditional finance giants.
COIN isn't the only crypto stock that is rallying ahead of the key legislation being signed into law.
HOOD also hits ATH
Robinhood Markets (Nasdaq: HOOD), the digital trading platform whose recent launch of tokenized stocks created much furor, also hit a new ATH of $113.44.
Though companies such as OpenAI have reacted sharply to the launch, the trading platform has doubled down on its suite of offerings, saying its stock tokens are backed by a special purpose vehicle tied to its own ownership stake that allows simulated exposure without direct equity transfer.Despite the anticipation around the GENIUS Act becoming a law today, Circle Internet Group's (NYSE: CRCL), the company behind the USDC stablecoin, stock is nowhere near its record high of $298.99 as it trades at $232.82 at press time.
Strategy (Nasdaq: MSTR), the leading Bitcoin treasury company helmed by Michael Saylor, instead fell more than 3% to trade at $436.74 at press time.
The total crypto market cap is nearing $4 trillion as Bitcoin trades at $117,612.61 at the time of writing, down 0.9% in 24 hours.
Coinbase, Robinhood stocks hit all-time highs as Trump set to sign key legislation first appeared on TheStreet on Jul 18, 2025
This story was originally reported by TheStreet on Jul 18, 2025, where it first appeared.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

KLA (KLAC) Receives a Hold from New Street
KLA (KLAC) Receives a Hold from New Street

Business Insider

time21 minutes ago

  • Business Insider

KLA (KLAC) Receives a Hold from New Street

New Street analyst Pierre Ferragu maintained a Hold rating on KLA yesterday and set a price target of $935.00. The company's shares closed today at $902.09. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Ferragu is a 5-star analyst with an average return of 18.4% and a 66.67% success rate. Ferragu covers the Technology sector, focusing on stocks such as Cisco Systems, KLA, and ASML Holding NV. In addition to New Street, KLA also received a Hold from UBS's Timothy Arcuri in a report issued on July 21. However, on July 20, Morgan Stanley maintained a Buy rating on KLA (NASDAQ: KLAC). The company has a one-year high of $945.87 and a one-year low of $551.33. Currently, KLA has an average volume of 1.1M.

Intel Boosted by Strong PC Sales
Intel Boosted by Strong PC Sales

Yahoo

time21 minutes ago

  • Yahoo

Intel Boosted by Strong PC Sales

Key Points Intel beat Wall Street revenue expectations but posted an unexpected loss due to charges related to streamlining. The company, under new CEO Lip-Bu Tan, is taking decisive action to get costs in line. These are the early days of what figures to be a long turnaround, but the initial results provide some reason for optimism. 10 stocks we like better than Intel › Here's our initial take on Intel's (NASDAQ: INTC) fiscal 2025 second-quarter financial report. Key Metrics Metric Q2 2024 Q2 2025 Change vs. Expectations Revenue $12.8 billion $12.9 billion 1% Beat Adjusted EPS $0.02 -$0.10 n/m Missed Gross margin 35.4% 27.5% -790 bp n/a Intel Foundry revenue $4.3 billion $4.4 billion 2% n/a Intel Works to Get Its House in Order Intel posted better-than-expected revenue in the second quarter but noted an unexpected loss due to impairment charges related to "excess tools with no identified reuse." This is the first full quarter under new CEO Lip-Bu Tan, who joined in March, and the new chief executive outlined his plan for the company, including significant cost cuts. Intel management said it has completed the majority of a plan to cut its workforce by 15% and is taking action to optimize its manufacturing footprint. The company said it no longer intends to move forward with planned projects in Germany and Poland. In addition, Intel said it would "further slow" the pace of construction at a plant in Ohio to ensure the spending is aligned with market demand. Revenue was boosted by strong demand from the personal-computer business, driven by efforts by PC makers to boost inventories ahead of potential tariffs. The company's client computing group, which includes PCs, saw revenue grow by $300 million on a sequential-quarter basis to $7.6 billion. Intel's Foundry unit, which has been touted as a future driver for growth, did $4.4 billion in revenue in the quarter compared to $4.7 billion in the first quarter of 2025 and $4.3 billion a year ago. Data center revenue came in at $3.9 billion. Immediate Market Reaction Investors seem to be taking the earnings miss in stride. Shares of Intel were up about 2% in after-market trading immediately following the announcement on Thursday but ahead of the company's conference call with investors. What to Watch Intel and Tan are at the early stages of a very long journey, with the CEO focused for now on getting costs under control before focusing attention on reestablishing Intel's legacy as an innovation powerhouse. That will take time, and investors can only gather so much information from a single quarter's results. Intel is guiding for revenue of $12.6 billion to $13.6 billion in the current quarter, which would be down slightly from a year ago at the midpoint. It expects to be breakeven on a per-share basis, which would be substantially better than last year's third-quarter loss. The jury's still out on Intel. But for those who have bought into the turnaround story, there is ample reason for optimism that Tan is aggressively taking important first steps. Helpful Resources Full earnings report Investor relations page Additional coverage Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intel wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. Intel Boosted by Strong PC Sales was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store