TD SYNNEX Corp. exceeded expectations in Q4, reporting a revenue of $14.41 billion and an impressive EPS of $3.13. While the stock exhibited premarket volatility, the company remains optimistic about the future, forecasting revenue between $14 billion and $14.7 billion for the upcoming quarter.
SanyaTD Cowen's analysis predicts the SEC's approval of a spot bitcoin ETF before the January 10 deadline, attributing this move as vital for the SEC to establish itself as a crypto regulator amidst the backdrop of pending crypto legislation in Congress. The investment bank underscores the necessity of the SEC's proactive involvement in investor safeguards to gain Senate and White House support for comprehensive crypto market regulations during the post-election "lame-duck" session.
Xu Lin