📈 Aug 10 — Daily Stock Market Update 🚀 Coinbase, Roblox Earnings Results

Nasdaq was ⬇️ Down 1.19%, and S&P was ⬇️ Down 0.42%, as investors are waiting for the CPI report tomorrow.

🔸 Chip stocks, such as Nvidia and Micron continued to struggle.

Roblox (RBLX) was 📉 Down 15% as its growth rate slowed quicker than expected.

🔸 Both revenue and earnings missed estimates.

🔸 Daily active user was 52.2M, a million lower than the estimates.

🔸 Revenue growth rate slowed to 30% YoY compared to 38% YoY last quarter.

Coinbase (COIN) was 📉 Down 5.3%, as the company revenue declined 64%.

🔸 Both revenue and earnings missed estimates.

🔸 Quarterly Revenue ($): 808.33M, ⬇️ Down 64% YoY from 2.23B

🔸 Full-year forecast for transacting user was lowered.

🔸 Subscriptions and Services Revenue ($M): 147.4, ⬆️ Up 44% YoY

Watch List 👀

🔸 WED: Disney(DIS) ER and CPI report

🔸 THU: Rivian(RIVN) ER

🔸 FRI: Consumer sentiment report

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