Market Rally: Coinbase Skyrockets 11.39%, Block and Capital One Surge Over 4%

1. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 11.39%. Coinbase Global reported 14 insider transactions on July 15, with over-10% shareholder Armstrong Brian selling 3,932 shares on July 11. Barclays maintained an underweight rating with a price target of $196. Coinbase disclosed 7 and 10 insider transactions on July 3 and July 2, respectively.

2. Block (NYSE: SQ)
Block gained solidly by 4.84%. Deutsche Bank and Susquehanna maintain buy ratings on Block with target prices of $98.00 and $100.00, respectively. Keefe, Bruyette & Woods maintains a market perform rating with a target price of $74.00. Block reported Q1 2024 revenue of $59.57 billion.

3. Capital One Financial (NYSE: COF)
Capital One Financial gained solidly by 4.5%. JP Morgan maintains a neutral rating for Capital One, raising the price target to $155.00. Evercore ISI Group maintains an in-line rating, lowering the target to $154.00. BTIG initiates coverage with a neutral rating. Jefferies upgrades to buy, raising the target to $165.00.

4. Discover Financial Services (NYSE: DFS)
Discover Financial Services gained solidly by 4.4%. Discover Financial will report its second-quarter financial results for fiscal 2024 on July 17, 2024. Barclays, JP Morgan, and Keefe, Bruyette & Woods have updated their ratings and price targets. BTIG initiated coverage with a neutral rating.

5. Chartermmunications (Nasdaq: CHTR)
Chartermmunications gained solidly by 4.36%. Citigroup and Goldman Sachs downgraded Charter Communications to Sell, with price targets of $255 and $250, respectively. Loop Capital maintains a Hold rating with a $285 target, while B of A Securities holds a Neutral rating at $300. Charter reported Q1 2024 revenue of $13.679 billion.