The post WD-40 Greases Wall Street’s Expectations With Blowout Q2 Beat appeared on BitcoinEthereumNews.com.
WD-40 Company shares traded as much as 14.5% higher in Thursday overnight trading via Blue Ocean ATS. The household lubricant maker beat Wall Street’s revenue and profit estimates by wide margins. WD-40 also raised its full year guidance. The company pointed to stronger than expected demand for its core spray lubricant business. Revenue and Profit Both Clear Estimates WD-40 reported $195.1 million in sales, a 24.3% jump from a year ago. That easily beat the $173 million Wall Street expected. Profit per share also beat expectations. WD-40 earned $2.24 for every share, well above the $1.57 analysts had penciled in. Despite being down on the day, WD-40 will start trading on Friday, July 10, as much as 14% higher. Image Source: Trading View Two other numbers show how efficiently WD-40 turned sales into profit. Operating margin, the share of revenue left after covering core costs, ros
The post Wall Street just made its biggest earnings upgrade since 2021 appeared on BitcoinEthereumNews.com.
For all the noise about inflation and rate uncertainty this year, the numbers coming out of Wall Street’s research desks tell a different story than the one dominating headlines. Heading into the Q2 2026 earnings season, analysts haven’t been trimming their forecasts to hedge against a slowdown. They’ve been raising them — aggressively, and in a pattern that hasn’t been seen in five years. The biggest upgrade since 2021 Between March 31 and June 30, the bottom-up EPS estimate for the S&P 500 — essentially the aggregated median forecast across all 500 companies — climbed 3.4%, from $78.84 to $81.54. That might sound modest, but it runs directly against the grain of how earnings season typically unfolds. In a normal quarter, analysts cut their numbers as the quarter progresses, not raise them. Source: FactSet Over the past five years, the average decline during the quarter has bee
The post Wall Street analyst raises Gold price target for 2026 appeared on BitcoinEthereumNews.com.
Bob Bracket, a Wall Street analyst at Bernstein Research, has raised his Gold (XAUT) price target for the end of the year and the second half of 2026. Bracket raised the firm’s 2027 gold price forecast to $4,533 per ounce, signaling a potential 10.9% upside from the asset’s price of about $4,087.79 on July 10. At the beginning of this month, the firm set its 2026 gold price target at $4,180 per ounce, but has since revised. Additionally, Bracket set the firm’s second-half 2026 gold price target at $4,375 per ounce, implying a possible 7.0% upside over the coming months. The Wall Street analyst reiterated the same tailwinds likely to push gold higher in the near future. For instance, Bracket cited the strong demand for gold from global central banks, led by the People’s Bank of China (PBOC). He further noted that the asset has strong institutional support, as evidenced by limited outflows
The post JPMorgan’s $4.7T private blockchain warning just gave Bitcoin bulls fresh ammunition appeared on BitcoinEthereumNews.com.
JPMorgan sees Wall Street’s shift toward private blockchains as a deeper threat to Bitcoin than Strategy selling its BTC. JPMorgan warned that shifting tokenization, payments, and settlement onto closed networks could drain activity, liquidity, and capital from crypto while pushing valuations lower. Hybrid public-private systems, tighter stablecoin rules, and Bitcoin’s staying power as digital gold could still upset that outlook. Swift said 17 banks across six continents, including Citi, HSBC, Standard Chartered, UBS, Wells Fargo, and Itaú Unibanco, will begin testing live tokenized deposit payments on its new blockchain ledger, opening the door to round-the-clock transfers. DTCC said on May 4 that over 50 firms, among them BlackRock, Goldman Sachs, Morgan Stanley, Nasdaq, and NYSE, joined its tokenization working group, with limited production trades plann
The surge in leveraged ETFs linked to SK Hynix's US debut highlights intensified competition and potential volatility in financial markets.
The post SK Hynix’s $26.5 billion US debut triggers a wave of leveraged ETFs on Wall Street appeared first on Crypto Briefing.
The post Ethereum Institutional Launches As New Nonprofit Bridge To Wall Street appeared on BitcoinEthereumNews.com.
Bitcoin ETFs drew the headlines, but the bigger shift on Wall Street is still taking shape behind closed doors. Banks that tentatively warmed to crypto via regulated funds are now being asked a harder question: what do they actually understand about the protocols beneath the tickers? A new nonprofit called Ethereum Institutional aims to answer that. The organization, the original report shows, is stepping into a gap that the industry has often left to consultants and sell-side pitches — direct, neutral education for financial institutions about Ethereum’s mechanics, risks, and use cases. That gap is not trivial. The same cohort of institutions that poured into spot Bitcoin products has been slower to engage with Ethereum beyond speculative exposure. Smart contracts, staking dynamics, L2 fragmentation, and MEV are not exactly standard curriculum on a trading floor. Ethere
The post Raymond James shocks Wall Street with $800 SpaceX stock target appeared on BitcoinEthereumNews.com.
SpaceX shares have gained fresh momentum after Raymond James initiated coverage with an $800 price target, implying about 440% upside from current levels. Summary Raymond James initiated SpaceX with a Strong Buy rating and an $800 price target, implying about 440% upside. Wall Street support strengthened as Morgan Stanley, Goldman Sachs, Citigroup, UBS, and Wells Fargo also issued bullish ratings. SpaceX expanded its Starlink plans, Ark Invest added shares, and the company’s Bitcoin holdings remained in focus. According to Raymond James, the brokerage has started coverage of SpaceX with a Strong Buy rating and an $800 price target, making it one of the most optimistic forecasts issued by a major Wall Street firm. $SPCX – SPACEX COULD SOAR 440%, SAYS RAYMOND JAMES Raymond James launched SpaceX coverage with a Strong Buy rating and a Street-high $800 target, implying 440% upside.
SpaceX shares have gained fresh momentum after Raymond James initiated coverage with an $800 price target, implying about 440% upside from current levels. According to Raymond James, the brokerage has started coverage of SpaceX with a Strong Buy rating and…
The post EDX Markets’ $76M Round: Wall Street’s Crypto Bet appeared on BitcoinEthereumNews.com.
EDX Markets just closed a fresh $76 million round, and the headline is less about the number and more about who is still writing checks for crypto infrastructure. The answer: the same crowd that obsesses over execution quality, counterparty risk, and post-trade reconciliation. That’s the quiet story of 2026. Not shiny tokens. Not slogans. Pipes. Order routing. Settlement. And a lot of institutional desks asking for a crypto stack that feels like the equities and FX stacks they already trust. EDX’s new capital was led by SBI Holdings, with reporting that SBI was the sole investor in the Series C. Add in a new OEMS link-up that pipes EDX’s central limit order book into a tool buy-side desks already use, and you can see the playbook forming. If you’re trying to read the room on Wall Street’s crypto appetite, this is it. They still want the plumbing.
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