Retail brokerage stocks like Webull, Robinhood, and Coinbase rose sharply as Bitcoin surged to around $68,500, up 6% in 24 hours. Webull's shares climbed ahead of its Q2 earnings report, expected to show revenue growth despite a slight EPS dip. Robinhood is pushing U.S. regulators to approve tokenized stocks, aiming to modernize financial markets and expand ownership access. Coinbase benefited from the broader crypto rally and a friendlier regulatory environment, though its stock remains down year-to-date. Investors will watch Webull's earnings, regulatory developments on tokenization, and whether Bitcoin maintains its gains to gauge the fintech sector's momentum.
AMC Entertainment shares rose 5% after Robinhood CEO Vlad Tenev signaled openness to easing a public feud over tokenized AMC shares, despite no formal resolution. AMC's rally reflects investor attention to the softened tone rather than business chang...
Webull reported a strong Q2 2026 with revenue up 51% year-over-year and record daily active retail traders (DARTs) at 1.6 million. Despite this growth and strategic moves like the Pattern Day Trader rule elimination and expansion in Thailand, the sto...
Jim Cramer expressed skepticism about the wave of new fintech and blockchain IPOs, describing many as similar and hard to differentiate. Instead, he highlighted Morgan Stanley as a strong, quietly executing incumbent that recently surpassed $10 trill...
SoFi Technologies shares dropped 3% despite reports of a partnership with crypto exchange Kraken and speculation about S&P 500 inclusion, signaling weak investor appetite for fintech risk. Affirm shares fell 5% without company-specific news, reflecti...
Robinhood CEO Vlad Tenev defended the company's tokenized stocks, stating that once shares are public, companies cannot control all financial products built around them. This response came after AMC CEO Adam Aron criticized Robinhood's tokenization f...
