Varonis Systems, Inc. (NASDAQ:VRNS) Q2 2023 Earnings Conference Call July 31, 2023 4:30 PM ET Company Participants Tim Perz – Director of IR Yaki Faitelson – Chairman and CEO Guy Melamed – CFO and COO Conference Call Participants Matt Hedberg – RBC Capital Markets Joel Fishbein – Truist Securities Andrew Nowinski – Wells Fargo Shaul…
JHVEPhoto Today’s article about The Bank of Nova Scotia (BNS), more commonly known as Scotiabank, outlines a few overlooked risk factors. Although a valuation model is embedded in the article, the analysis aims to add to market transparency by discussing micro factors instead of conducting a holistic analysis of The Bank of Nova Scotia’s stock….
jetcityimage Pharma giant Eli Lilly and Company (NYSE:LLY) is buying the tiny biotech Sigilon Therapeutics, Inc. (NASDAQ:SGTX) for $14.92 per share in cash. The shares are trading at $21.28 due to a contingent value right ((CVR)) from Eli Lilly, potentially worth as much as $111.64 per share. Eli Lilly and Sigilon worked together on cell…
undefined undefined/iStock via Getty Images Investment Thesis Peabody Energy Corporation’s (NYSE:BTU) Q2 results delivered a very strong free cash flow (“FCF”) figure that allowed Peabody to repurchase just over 8% of its market cap during Q2. There are still some Asset Retirement Obligations (”ARO”) plus long-term debt obligations on Peabody’s balance sheet. But there’s also…
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Investment Thesis: I take a bullish view on Rogers Communications (NYSE:RCI), given strong customer lifetime value (LTV) performance, as well as continued earnings growth. In a previous article back in March, I made the argument that Rogers Communications could see lackluster growth until the eventual outcome on…
JHVEPhoto Elevator Pitch I award a Buy investment rating to Jones Lang LaSalle Incorporated (NYSE:JLL) shares. Earlier, I wrote about JLL’s profitability outlook, the company’s capital allocation approach, and its creation of a new CTO (Chief Technology Officer) position in my article published on May 22, 2023. My attention turns to Jones Lang LaSalle’s long-term…
Vertigo3d I have mentioned many times in my other articles that artificial intelligence (“AI”) is an over-popular and overcrowded sector right now. It seems to be a speculative bubble. Although many investors would disagree with me, I still think that larger companies in this field are more overvalued than smaller ones. Although KLA Corporation (NASDAQ:KLAC)…
AlenaMozhjer Investment thesis From 2005 to 2022, there was a 0.71 correlation between the homes delivered by M/I Homes, Inc. (MHO) (M/I) and Housing Starts. Housing Starts are cyclical making M/I a cyclical company. M/I revenue grew at 8 % CAGR during the last peak-to-peak Housing Starts cycle. About 1/3 of this was driven by…
Petmal Welcome to the Vanadium miners news. July saw several vanadium companies sign vanadium off-take deals and one sign a contract to sell VRFBs. These are positive signs that there is strong demand for vanadium and a growing demand for VRFBs. Vanadium uses Vanadium is traditionally used to harden steel. Chinese rebar standards are requiring…
Community Bank System, Inc. (NYSE:CBU) Q2 2023 Earnings Conference Call July 31, 2023 11:00 AM ET Company Participants Mark Tryniski – President and CEO Joseph Sutaris – Executive Vice President and CFO Dimitar Karaivanov – Executive Vice President and COO Conference Call Participants Nick Cucharale – The Hovde Group Steve Moss – Raymond James Alex…
Alliance Resource Partners L.P. (NASDAQ:ARLP) Q2 2023 Earnings Conference Call July 31, 2023 10:00 AM ET Company Participants Cary Marshall – Senior Vice President & Chief Financial Officer Joseph Craft – Chairman, President & Chief Executive Officer Conference Call Participants Nathan Martin – Benchmark Company Mark Reichman – Noble Capital Markets Dave Storms – Stonegate…
Drazen_/E+ via Getty Images Earlier this year, the banking industry was smacked down hard by concerns that the contagion that began with Silicon Valley Bank might spill over and create bank runs at other financial institutions. Although some other firms did collapse during that time, many have shown significant resilience in the face of this…
Wirestock/iStock Editorial via Getty Images Dear readers/followers, I haven’t actually covered SAAB (OTCPK:SAABF) (OTCPK:SAABY) for you before on Seeking Alpha. This was not an intentional oversight, but the fact is that I’ve never owned the stock. With the war in Ukraine, every European military or semi-military company saw an increase in sentiment and also potentially…
While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. For the month of July 2023, the Eurozone has delivered a robust set of GDP numbers beyond market expectations. The new growth numbers show economic activity picking…
kitiwan mesinsom First Solar, Inc. (NASDAQ:FSLR) reported impressive Q2 earnings, with EPS of $1.59 beating out the consensus estimate by $0.65. Revenue of $811 million, up 31% year-over-year, came in $92 million above expectations. The story here has been a ramp-up in solar module production while the company is benefiting from its unique position as…
The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Inc (NASDAQ: SOFI), one of the leading fintech companies in the US, has released its Q2 2023 financial earnings report, beating expectations and impressing investors with its growth trajectory. According to an official press release on July 31, the company reported a…
sturti Summary Following my coverage on Masco Corporation (NYSE:MAS), which I recommended a hold rating as I wanted to wait for one more quarter of data before considering a change in recommendation. This post is to provide an update on my thoughts on the business and stock. I reiterate a hold rating and wait for…
eToro planned to go public in 2022. However, a market downturn in equity and crypto prices forced the company to abandon its IPO plans. Popular trading platform eToro has offered $120 million worth of its stocks to existing investors in a secondary share sale. The deal, announced by the company on Friday, slightly lowered its…
CNA Financial Corporation (NYSE:CNA) Q2 2023 Earnings Conference Call July 31, 2023 9:00 AM ET Company Participants Ralitza Todorova – Assistant Vice President, Investor Relations Dino Robusto – Chairman and Chief Executive Officer Scott Lindquist – Chief Financial Officer Conference Call Participants Meyer Shields – KBW Kyle LaBarre – Dowling & Partners Operator Ladies and…
Lamborghini’s success in recent years can be largely attributed to the strong performance of its Urus SUV, which has played a pivotal role in the Italian automaker’s expansion. Luxury sports car manufacturer Lamborghini is gearing ready for a spectacular year ahead with respect to its projected sales. With its sights set on breaking records, the…
William_Potter I believe semiconductor stocks are likely to decline significantly over the coming quarters for several reasons, including a) I believe most semiconductor stocks are not likely to benefit significantly from the growth of artificial intelligence (“AI”), b) I expect most semiconductor stocks to report weak earnings, c) US-China trade war risks, d) recession risk…
While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. The Bank of Korea (BoK) is making headway in its quest to develop and test its central bank digital currency (CBDC). According to a new report from the country’s local news outlet, the bank has selected…
courtneyk Thesis QCR Holdings, Inc. (NASDAQ:QCRH) exhibited a strong performance in the second quarter of 2023, with non-GAAP EPS of $1.69 beating by $0.35 and revenue of $88.73M beating by $7.45M. This article aims to delve into the financial highlights and key figures, along with a comprehensive evaluation of the company’s overall performance, inherent risks,…
Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. The memecoin industry has been used by most crypto traders to fetch higher gains in a bid to accumulate Bitcoins, which is not only expensive to mine but also acquire. Moreover,…
JHVEPhoto Google (NASDAQ:GOOGL) investors who didn’t fall prey to the pessimistic prognostications back in February 2023 have been rewarded, as CEO Sundar Pichai and his team struggled initially to gain traction in generative AI. Bearish investors were unduly concerned about Google’s ability to defend itself against a reinvigorated Microsoft (MSFT), keen on gaining share in…
Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Japanese electronics giant, Panasonic Holdings Corp (TYO: 6752) renowned for its diverse product portfolio has recently reported a stellar Q1 profit performance. According to reports, the company’s operating profit came in at an impressive 90.37 billion yen ($637…
RiverNorthPhotography Introduction T. Rowe (NASDAQ:TROW) reported its results for the second quarter of 2023 on July 28th. The company saw its share price surge by over 8% that day as investors were thrilled with its performance. The company managed to show a sales increase of 6.6% as it beat the estimates for both the top…
Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets. In the fast-paced world of blockchain and cryptocurrencies, few projects have made a lasting impact, like Ethereum. On July 30, 2023, the crypto community celebrated the eighth…
andreswd/E+ via Getty Images (This article was co-produced with Hoya Capital Real Estate) Introduction With Large-Cap stocks like those held by the SPDR S&P 500 ETF (SPY) performing so well, why worry about gaining exposure to Mid- or Small-Cap stocks is a valid question. Recent history does not match long-term history is one reason; another…
Upbit noted that CRV has experienced increased volatility. South Korean exchange Upbit has halted trading of the Curve Finance (CRV) token after the project suffered a major exploit over the weekend. According to an Upbit announcement, the exchange temporarily halted CRV deposits and withdrawals to safeguard all transactions and protect users from potential losses. How…
jewhyte Microsoft (NASDAQ:MSFT) reported results for its fourth fiscal quarter on Wednesday and the firm beat predictions by a good margin, thanks to a strong performance of the Cloud segment as well as easing pain in the Personal Computing business. The latter especially has been under pressure from a serious decline in consumer demand for…
Bitcoin is a geographic chameleon. And, as such, this “magic internet money” that lives on a decentralized, permissionless system is changing the world right in front of us. One of Bitcoin’s many superpowers is that it takes on different aliases in various cultural environments. For many comparatively-wealthy North Americans, views on Bitcoin range from an…
Lemon_tm As widely reported, many in the financial services industry and media consider value investing dead in the water. I believe value investing is alive and well and forever, but what do I know? Well, I know that many of the premier investors in modern history are value-oriented. William Browne, Warren Buffett, Mario Gabelli, Benjamin…
With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market. Binance has become the world’s first exchange to secure an operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone grants Binance the privilege to provide exchange…
metamorworks/iStock via Getty Images Co-authored with “Hidden Opportunities” Lifelines of the Digital Economy Artificial Intelligence (‘AI’) is the talk of the town in 2023. The advent of ChatGPT has created uneasiness in almost every industry. Big Tech companies rushed to form partnerships or compete in the market with their AI product offering. These AI chatbots…
With Web 3.0 node engine service, Huawei Cloud can revolutionize the decentralized application (DApp) industry. Huawei Cloud, a cloud infrastructure and service provider developed by Huawei Technologies Co., Ltd., has introduced its Web 3.0 node engine service (NES) for public testing. The service aims to simplify blockchain network management, resource management, and authentication, while also providing developers…
Despite having to continually invest in new technologies, Verizon should announce its 18th year of dividend growth in late August. Cindy Ord This is the latest in my series of articles where I provide predictions of annual dividend increases for a variety of long-term dividend growth companies. At the end of June, I provided predictions…
Gensler has consistently stated that most cryptocurrencies, except Bitcoin, should be treated as securities. Leading American cryptocurrency exchange, Coinbase is entangled in a regulatory showdown with the US Securities and Exchange Commission (SEC) over its trading practices. According to an interview with the Financial Times, Coinbase CEO Brian Armstrong said the SEC requested the exchange to…
Wolterk Listen below or on the go on Apple Podcasts and Spotify Walmart (WMT) pays $1.4B to increase its stake in India’s Flipkart – report. (00:26) Yellow Corp. (YELL) reportedly shuts down operations. (01:15) U.S. proposes to boost fuel economy standards for new vehicles to 58 mpg by 2032. (01:44) This is an abridged transcript…
The rapper has not created any posts yet. According to those familiar with the matter, the account was restored only after Ye assured that he won’t post antisemitic content or hateful language. Social media platform X, formerly known as Twitter Inc, has restored the account of Kanye West after banning him from using the platform last…
digihelion/iStock via Getty Images Sturm, Ruger & Company (NYSE:RGR) delivered an increase in the average sales price, which may have a beneficial effect if the demand trends back after the decline in recent quarters. I would also expect further headcount growth and innovations considering the investments in R&D and the know-how accumulated in 70 years…
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance. Wall Street veteran and Galaxy Digital founder Mike Novogratz recently shared his views on what an ideal investment portfolio for young and high-risk tolerance people would see. During his recent interview with Bloomberg Wealth, Novogratz added…
Ronald Martinez Warren Buffett has a great quote which describes the situation AT&T (NYSE:T) is in well: In any case, why potential buyers even look at projections prepared by sellers baffles me. Charlie and I never give them a glance, but instead, keep in mind the story of the man with an ailing horse. Visiting…
The copycat attacks on the BSC were attributed to a malfunctioning reentrancy lock in certain versions of the Vyper programming language. In a recent development, BNB Smart Chain (BSC), a popular rival to the Ethereum (ETH) network has experienced a series of copycat attacks that resulted in the theft of approximately $73,000 worth of crypto….
RonFullHD/iStock via Getty Images For August, I am raising my July forecast for West Texas Intermediate (WTI) oil by $5 per barrel to range between $70 and $90 per barrel. The voluntary OPEC+ cuts by Saudi Arabia and Russia have tightened the physical markets and raised the price of oil. And, according to an article…
As per the preliminary audits, the estimated losses are already north of $42 million with assets worth $100 million under risk. Curve Finance, the Ethereum-based second-largest decentralized exchange (DEX) after Uniswap, suffered a major exploit on Sunday, July 30. The exploit happened typically due to a vulnerability in its programing language Vyper. Due to the…
CharlieChesvick We present our note on Iberdrola (OTCPK:IBDRY), a Spanish multinational electric utility company that has been a major winner of the green transition over the last years, delivering industry-leading total shareholder returns. In this note we explore. the integrated utility business model, the winning green transition strategy, asset rotations, the company’s regulatory backdrop, and…
Wolterk Introduction After publishing my first article on Humana Inc. (NYSE:HUM) titled “Humana: Recent Selloff Might Present A Buying Opportunity“, this will be the second article of my three-part series where I want to start coverage of three big health insurance providers in the U.S.: Humana Inc., UnitedHealth Group (NYSE:UNH) and Cigna Group (NYSE:CI). This…
NoDerog/iStock Unreleased via Getty Images Investment Thesis American Express’s (NYSE:AXP) share price has declined around 8% since my previous coverage in February, as the company was partially impacted by the fear of the SVB bank failure. I continue to believe the company presents a compelling investment opportunity for investors. The latest earnings remain very solid…
peshkov/iStock via Getty Images In this week’s issue of the 1-Minute Market Report, I examine the asset classes, sectors, equity groups, and ETFs that led the market higher, and which market segments bucked the trend by moving lower. By keeping an eye on the leaders and laggards, we can get a sense of where the…