Last Updated on March 1, 2023 by Bitfinsider
Spotify — The stock price of the music streaming behemoth increased 1.3%. Earlier in the day, Redburn raised the company to buy, adding that it expects margins to improve as headwinds from investments, publication royalty hikes, and foreign exchange diminish.
Kohl’s — Shares of the store dropped more than 8% after Kohl’s unexpectedly announced a fourth-quarter loss, with CEO Tom Kingsbury attributing the decline to the “continuing inflationary climate.” Kohl’s recorded a loss of $2.49 per share on sales of $5.78 billion. Analysts polled by Refinitiv anticipated earnings of 98 cents per share on sales of $5.99 billion.
Monster Beverage — Shares of the beverage business fell 4.8% after Monster posted quarterly profits of 57 cents per share, whereas analysts polled by StreetAccount had predicted 63 cents per share. The company’s sales of $1.51 billion fell shy of analysts’ forecasts of $1.6 billion.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
