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Bitcoin rallies above $72K as Coinbase CEO predicts new bull cycle ahead of key Senate vote.

Market News
20 Aug 2026
Crypto news
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Bullish
pluang ai news

Bitcoin surged above $72,000, gaining over 11% in 24 hours, fueled by strong ETF inflows and short liquidations. Coinbase CEO Brian Armstrong sees this as the start of a new bull market, citing the upcoming September 15 Senate procedural vote on the Digital Asset Market Clarity Act as a major catalyst. This legislation could clarify crypto regulations in the U.S., potentially boosting market confidence. Armstrong also forecasts Bitcoin could reach $300,000 to $400,000 by 2030, highlighting optimism despite recent market volatility.

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Daqo New Energy beats Q2 revenue estimates despite EPS loss from polysilicon price drops.

Daqo New Energy beats Q2 revenue estimates despite EPS loss from polysilicon price drops.

Daqo New Energy Corp. reported Q2 2026 earnings with an EPS of -$1.20, missing analyst expectations due to falling polysilicon prices in the solar industry. However, the company exceeded revenue forecasts, generating $62.7 million, driven by a signif...

Company Fundamentals
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BJ's Wholesale Club set to report Q2 earnings with strong history of beating estimates.

BJ's Wholesale Club set to report Q2 earnings with strong history of beating estimates.

BJ's Wholesale Club will release its Q2 earnings on August 21, 2026, with analysts expecting an EPS of $1.17 and revenue of $5.97 billion. The company has a strong record of surpassing earnings estimates, with an average surprise of 4.5% over the las...

Company Fundamentals
Bullish
50 minutes ago
Texas Pacific Land excels with ROIC of 30.14%, quadrupling its capital cost in the Permian Basin.

Texas Pacific Land excels with ROIC of 30.14%, quadrupling its capital cost in the Permian Basin.

Texas Pacific Land Corporation (TPL) stands out for its exceptional capital efficiency, posting a Return on Invested Capital (ROIC) of 30.14%, which is more than four times its Weighted Average Cost of Capital (WACC) of 7.33%. This strong performance...

Market News
Bullish
50 minutes ago
Hovnanian misses Q3 revenue and EPS estimates but beats gross margin guidance amid housing market challenges.

Hovnanian misses Q3 revenue and EPS estimates but beats gross margin guidance amid housing market challenges.

Hovnanian Enterprises reported Q3 revenue of $705.75 million and an EPS of -$0.70, both below analyst expectations due to delivery delays and weak joint venture income. Despite the earnings miss, the company exceeded its adjusted gross margin guidanc...

Company Fundamentals
Bearish
1 hour ago
Youdao beats Q2 2026 earnings estimates with strong revenue and eighth straight profitable quarter.

Youdao beats Q2 2026 earnings estimates with strong revenue and eighth straight profitable quarter.

Youdao reported strong Q2 2026 results, with earnings per share of $0.11 beating estimates of $0.02 and revenue rising 3.5% year-over-year to $216.20 million. The company achieved its eighth consecutive quarter of operating profitability, recording a...

Company Fundamentals
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2 hours ago
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