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Commonstock Team
@commonstock
04/23/2021
Today's Most Shared on Commonstock
Honeywell down 2% despite earnings beat
Adjusted EPS beat estimates while bottom line was down 13% Y/Y
persistent weakness across commercial original equipment businesses
Full year organic revenues expected to be up 3-5%
Johnson & Johnson ticks up after US resumes vaccine usage
It was re-approved for use by a committee vote of 10-4 with one abstaining
The committee proposed that the FDA include a warning label for women under age 50
Paves the way for regulators to lift recommended pause as early as this weekend
Bitcoin down 20% since Coinbase debut
Nearly $220 billion of value was wiped out in an hour last Saturday
Some believe over-leverage is to blame
Bitcoin’s price more than tripled in 2020 and doubled to start 2021 before slipping
WSJ
Behind Bitcoin’s Recent Slide: Imploding Bets and Forced Liquidations
The recent drop in the price of bitcoin suggests the digital currency’s yearlong rally might finally be running out of steam.
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