From Nasdaq: 2024-05-10 04:36:00

This earnings season is proving challenging for investors, with slight misses or lack of forward guidance punished in stocks like Meta Platforms and Super Micro Computer. While the market experiences ebbs and flows, strong earnings reports from Robinhood Markets, Arm Holdings, and Coinbase Global are propelling these companies forward.

Robinhood reported a first-quarter earnings beat of 260%, with consistent positive EPS surprises averaging 230% over the past four quarters. The brokerage also saw record net deposits of $11.2 billion in Q1, along with growth in subscribers thanks to the new Robinhood Gold credit card.

Arm Holdings, a dominant player in the semiconductor industry, is expected to see strong revenue growth surpassing 20% in 2026. The company’s CEO highlighted Arm’s critical role in AI software models, positioning it as a top AI “pure play” on Wall Street.

Coinbase Global, the leading US crypto exchange, surpassed earnings estimates with EPS of $1.64 billion. Despite crypto market volatility, Coinbase’s steady cash hoard growth since going public in 2021 reflects the company’s resilience in the industry. These three companies are excelling in the current market environment, with their strong fundamentals driving their success.

Read more at Nasdaq: Zacks Investment Ideas feature highlights: Meta, Super Micro Computer, Robinhood Markets, Arm Holdings and Coinbase