Business
business

Robinhood romps before earnings numbers land

Shares of Robinhood are surging ahead of its earnings report after the close of trading Wednesday. The stock is flirting with some of its highest levels since August 2021, when it debuted as a publicly traded company. (It closed at an all-time high of $70.39 on August 4, 2021.)

Analysts are expecting big things from the report, with total revenues thought to have topped previous levels seen during the meme-stock mania of early 2021.

But Barron’s notes in its earnings preview that a key to the stock’s performance over the last year has been a surge in crypto activity:

“Cryptocurrency was a catalyst for Robinhood’s stock last year, and could be again in 2025, given President Donald Trump’s desire to loosen crypto regulations and boost investor demand for digital assets more generally. Last month, acting SEC Chairman Mark Uyeda unveiled the formation of a task force to study cryptocurrencies and chart a sensible regulatory path that respects the bounds of the law.’”

In fact, detailed estimates of expected transaction revenues collected by FactSet show that analysts expect crypto-related revenues to have trounced both options and equity trading during the quarter for the first time.

(Full disclosure: Sherwood Media is an editorially independent subsidiary of Robinhood Markets Inc. I own Robinhood stock as part of my compensation.)

Analysts are expecting big things from the report, with total revenues thought to have topped previous levels seen during the meme-stock mania of early 2021.

But Barron’s notes in its earnings preview that a key to the stock’s performance over the last year has been a surge in crypto activity:

“Cryptocurrency was a catalyst for Robinhood’s stock last year, and could be again in 2025, given President Donald Trump’s desire to loosen crypto regulations and boost investor demand for digital assets more generally. Last month, acting SEC Chairman Mark Uyeda unveiled the formation of a task force to study cryptocurrencies and chart a sensible regulatory path that respects the bounds of the law.’”

In fact, detailed estimates of expected transaction revenues collected by FactSet show that analysts expect crypto-related revenues to have trounced both options and equity trading during the quarter for the first time.

(Full disclosure: Sherwood Media is an editorially independent subsidiary of Robinhood Markets Inc. I own Robinhood stock as part of my compensation.)

More Business

See all Business
business

Starbucks issues apology after viral “Bearista” cup meltdown

Holiday cheer turned into chaos this week for Starbucks after the coffee giant’s new “Bearista” holiday cup sent fans into a frenzy. 

Dropped alongside its 2025 holiday menu, the $30 beanie-wearing glass bear tumbler sparked long lines, sellouts, and even in-store scuffles before Starbucks stepped in with an apology.

“The excitement for our merchandise exceeded even our biggest expectations,” the company said in a statement to People. “Despite shipping more Bearista cups to our coffeehouses than almost any other item this holiday season, the Bearista cup and some other items sold out fast.”

Within hours of launch, frustrated fans flooded Starbucks’ social media pages and even store hotlines. Some customers waited in line before dawn and others said their stores received only a handful of cups. In one Houston location, the craze even turned physical, with police reportedly called to break up a brawl. Meanwhile, the cup is already reselling on sites like eBay, with listings topping $600.

“We understand many customers were excited about the Bearista cup and apologize for the disappointment this may have caused,” Starbucks said. While in-store customers may be upset, investors seem happy about the viral hit, as the stock has risen over 3% on Friday.

If you’re still hoping for a Bearista at market price, that may not be on order: the chain didn’t disclose how many cups were made or whether a restock is planned.

business

Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them

Target just rolled out a new rule for store employees: smile, make eye contact, and greet or wave when a shopper comes within 10 feet — and if they get closer, within four feet, ask whether they need help or how their day is going, according to a new Bloomberg report.

Dubbed the 10-4 program internally, the rule mirrors rival Walmarts own 10-foot policy, formalizing behavior Target had previously only encouraged.

business

Monster surges on energy drink buzz, while Celsius sinks on distribution concerns

Shares of Monster Beverage climbed 5% after the bell on Thursday, and held most of those gains into early trading on Friday, following strong Q3 results.

The energy drink giant topped market expectations, with quarterly sales up 17% year over year to $2.2 billion and adjusted net profits growing 41% to $524.5 million — 11% ahead of Wall Street’s estimates. In the report, Monster highlighted its zero-sugar line and new product launches, with a stack of novel flavors already released this year, as bright spots.

During a call with analysts, Chief Executive Hilton Schlosberg said that the global energy drink category “remains healthy with robust growth,” The Wall Street Journal reported, adding that demand for more affordable caffeinated drinks is rising as coffee has become “really expensive.”

Meanwhile, rival beverage business Celsius saw shares fall as much as 23% on its Q3 results yesterday — despite beating expectations, with revenue jumping 173% — largely due to concerns about a change in the company’s distribution channel, as its newly acquired Alani Nu brand joins the PepsiCo distribution network.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.