Lululemon Athletica Inc. (NASDAQ:LULU) Q2 2023 Results Conference Call August 31, 2023 4:30 PM ET Company Participants Howard Tubin – VP, IR Calvin McDonald – CEO Meghan Frank – CFO Conference Call Participants Matthew Boss – JP Morgan Adrienne Yih – Barclays Lorraine Hutchinson – Bank of America Paul Lejuez – Citi John Kernan –…
PagerDuty, Inc. (NYSE:PD) Q2 2024 Earnings Conference Call August 31, 2023 5:00 PM ET Company Participants Tony Righetti – VP, IR Jennifer Tejada – Chairman & CEO Howard Wilson – CFO Conference Call Participants Robert Oliver – Baird Tony Righetti Good afternoon, and thank you for joining us to discuss PagerDuty’s Second Quarter Fiscal Year…
pryzmat PHX Minerals Inc. (NYSE:PHX) is an independent exploration and production company that primarily operates in the SCOOP and Haynesville Shale plays in Oklahoma, Texas, and Louisiana: PHX Minerals The company does have operations in a few other regions, however. The substantial presence in these regions makes PHX Minerals somewhat unique among exploration and production…
andresr Topline Summary Atossa Therapeutics (NASDAQ:ATOS) in a biotech company focused on the development of a novel hormone therapy for women with the most common subgroup of breast cancer: hormone receptor-positive disease. Although they have funds to continue for a few more years, the indications they’re chasing are going to be very tough, with a…
The SEC has just delayed BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s spot Bitcoin ETF applications, as first reported by Bloomberg ETF analysts James Seyffart and Eric Balchunas. This was the first SEC decision deadline in the listing process for these applicants since filing, with the delays pushing these applications back another 45…
ProArtWork/E+ via Getty Images Introduction Adyen (OTCPK:ADYEY) has been on my watchlist for a couple of years now, but I’ve never really looked into the company for one reason and one reason only: overvaluation. The stock has always traded at a large premium which is why I avoided it entirely. However, due to recent events,…
Wirestock/iStock Editorial via Getty Images The Utilities sector has been one of the worst-performing areas of the market over the past year. Recall it was September 2022 when the XLU Utilities Sector SPDR plunged as interest rates surged. While the fund found a low the following October, its rebound rally petered out in January, and…
Spencer Platt/Getty Images News A Quick Take On Weibo Weibo Corporation (NASDAQ:WB) reported its Q2 2023 financial results on August 24, 2023, missing revenue but beating EPS consensus estimates. The firm operates a large online social network in China with a variety of service offerings to users. Management is focused on improving traffic quantity, but…
Sumin_Daddy/iStock via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction In May, I started covering Canadian integrated oil & gas giant Cenovus Energy (NYSE:CVE) as part of my plan to focus more on the Canadian market. One of the issues I had with Cenovus is its poor…
Sean Gallup Shopify (NYSE:SHOP) stock has seen sideways momentum for the last few weeks despite posting good results in the recent quarter. One of the reasons is the bull run in early 2023 due to which the stock has seen over 60% jump in year-to-date. Shopify has been able to reignite revenue growth in the…
duoogle Dear readers/followers, Last I wrote about Blackstone Mortgage Trust (NYSE:BXMT) was in May just after the company has released its Q1 2023 earnings. I issued a BUY rating for the stock at $17.33 per share, mainly because I saw the valuation as overly depressed, as the market was pricing in a total write-down (with…
Dean Mitchell Investment Thesis Mondee Holdings (NASDAQ:MOND) has underperformed in 2023 and stock prices are down by about 33%. In this article, I have tried to evaluate the Pros and Cons of buying this stock at its current level. Based on my conclusion, Mondee has strong revenue momentum driven by improving travel patterns post pandemic…
Culp, Inc. (NYSE:CULP) Q1 2024 Earnings Conference Call August 31, 2023 11:00 AM ET Company Participants Dru Anderson – IR Robert Culp – President & CEO Ken Bowling – CFO Tommy Bruno – President, Mattress Fabrics Boyd Chumbley – President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Budd Bugatch – Water…
After Chainalysis Head of Investigations Elizabeth Bisbee had to admit to the lack of scientific evidence for the accuracy of Chainalysis’ Reactor software, experts of blockchain surveillance firm CipherTrace lay bare flaws in Chainalysis’ analysis. An expert report filed on August 8th in the case United States vs. Sterlingov reveals a range of mistakes in…
Greif, Inc. (NYSE:GEF) Q3 2023 Results Conference Call August 31, 2023 8:30 AM ET Company Participants Matt Leahy – Vice President of Corporate Development and Investor Relations Ole Rosgaard – President and Chief Executive Officer Larry Hilsheimer – Chief Financial Officer Conference Call Participants Michael Hoffman – Stifel Ghansham Panjabi – Baird George Staphos –…
eAlisa The pressure to perform is actually a privilege. Being left out of the starting rotation is a sign you must work harder. – Julie Foudy. I continue to sound the alarm on conditions that favor a credit event, potentially beginning next month in September. For all the talk around it being a “new bull…
Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities. United States District Judge Katherine Polk Failla has dismissed with prejudice the class action suit against the decentralized exchange Uniswap. Recall that in April 2022, six former investors on Uniswap filed a suit against the…
Auseklis/iStock Editorial via Getty Images Acadia Realty Trust (NYSE:AKR) last declared a quarterly cash dividend of $0.18 per share, in line with its prior payment and for a 4.8% dividend yield. The internally managed equity REIT has dipped by 8% over the last 1-year with a quarterly dividend that sits around 11 cents below its…
The launch of these new audio and video features on X comes after Musk confessed that there are no more great social media apps currently. Only a few weeks after Twitter’s former Chief Executive Officer (CEO) Elon Musk renamed the social media platform to X, he has now announced the coming of new features to…
Michael M. Santiago/Getty Images News Former meme stock darling GameStop (NYSE:GME) is due to report earnings again. The last time I covered GameStop, the stock had plummeted into the Q3 earnings release, and I upgraded the stock from sell to hold. That was several months ago, and we’ve seen big rallies, but most recently, an…
While on the surface, this may seem like an attempt to provide value to users, it highlights the ongoing tension between personalized experiences and the ethical use of personal data. X, the social media networking giant, formerly known as Twitter, has revised its privacy policy to incorporate the collection and utilization of users’ biometric information….
Flags of Kazakhstan (left) and Russia Oleksandr Filon A recent report by short seller Hindenburg Research alleges various irregularities at Almaty, Kazakhstan based brokerage company Freedom Holding Corp. (NASDAQ:FRHC); I will refer to the company as “FRHC” hereafter. Hindenburg alleges systematic sanctions evasion as well as signs of fake revenue. They also point out signs…
The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an…
Adam Berry/Getty Images Entertainment iHeartMedia, Inc. (NASDAQ:IHRT) is limping towards the end of 2023, but the company is set up for great 2024. The broadcast media company is poised to benefit from a rebound in the advertising market and the 2024 U.S. election cycle. My investment thesis remains ultra Bullish on the beaten down media…
Bitcoin Magazine has just launched its latest Ordinal inscription, honoring the new tradition of publishing the print edition covers directly to the Bitcoin blockchain. This time, the company inscribed both the front and back cover of the magazine, as the “Withdrawal Issue” shows a unique full-spread design, complete with the spine. Differently from previous launches,…
Astrid Stawiarz The SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) is overvalued in our view and likely to underperform its historical performance average in the coming years. Moreover, it faces a plethora of potential negative catalysts that could further hamper total return performance in the near future. In this article, we will compare and contrast our…
The rewards program has the potential to bring blockchain technology to more users as Lufthansa Group has about 36 million members in its regular Miles and More loyalty program. Lufthansa Group, the parent company of airlines such as Lufthansa, Austrian Airlines, Swiss International Air Lines, Eurowings, Brussel Airlines and others, has announced the launch of…
PM Images Blue Owl Capital Corporation (NYSE:OBDC) may have changed its name from Owl Rock Capital Corporation, but returning large amounts of income to shareholders remains front and center. OBDC has been one of my favorite Business Development Corporations (BDC), and after reporting strong Q2 earnings, OBDC remains undervalued. It still amazes me that less…
Ernie’s release follows the new regulation in the AI industry introduced by the Chinese government. Notably, Baidu became the first company to get an approval from the authorities. On March 16, Chinese internet search services giant Baidu Inc (HKG: 9888) revealed its Chinese-language ChatGPT alternative – Ernie chatbot. At that time, the chatbot was not fully ready,…
Justin Sullivan Introduction SoFi Technologies, Inc. (NASDAQ:SOFI), originally founded as Social Finance back in 2011, initially focused on assisting individuals with their student loan refinancing needs. Over the years, their scope expanded to encompass a broader array of financial services, including mortgages and personal loans. In 2021, SOFI went public through a distinctive merger, rebranding…
Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s…
cmart7327/E+ via Getty Images State of the REIT Nation In our quarterly State of the REIT Nation, we analyze the recently-released NAREIT T-Tracker data. Last week, we published our REIT Earnings Recap which analyzed Q2 results on a company-by-company level, but this report will focus on higher-level macro themes affecting the REIT sector at large….
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish…
powerofforever/iStock via Getty Images After taking the stock to “Strong Buy” in May, GEO Group (NYSE:GEO) has continued to underperform. Let’s catch up on the name. Company Profile As a refresher, GEO owns, leases, and manages detention facilities. Its operations are primarily in the U.S., but it also serves facilities in Australia and South Africa…
AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic. AI21 Labs, a Tel Aviv-based AI lab and product startup, has raised $155 million in a Series C funding round that was led by such companies as Walden Catalyst Management…
Jemal Countess Investment Thesis Salesforce (NYSE:CRM) delivers a very strong set of results, where its underlying profitability shines strongly. But most importantly, as always, it’s all about the outlook. And here Salesforce impresses here too, by acquiescing that its growth rates have slowed down, but how AI will deliver tremendous productivity gains, and that ”customers…
Ivy will use these funds to expand its footprint in different regions and partner with major payment service providers thereby helping them power their own open-banking offerings. On Thursday, August 31, Berlin-based startup Ivy announced that it secured a staggering $20 million in funding in order to take the open-banking payments international. Ivy recently built…
Vertigo3d Overview Position-squaring ahead of today’s US personal consumption data and perhaps tomorrow’s jobs report is giving the dollar a firmer profile against most G10 and emerging market currencies. The Scandis have been hit hardest and are off 0.75%-0.85%; the euro and sterling are about 0.35%-0.45% lower. The yen is the only G10 currency that…
Along with Pixel 8, Google is likely to introduce a range of new hardware, including the company’s latest wearable, the Pixel Watch 2. The tech industry is bracing for the upcoming hardware season where Apple, Google, and others will be flashing their new hardware gadgets in the market. A day after Apple officially named the…
lersan8910/iStock via Getty Images Thesis There have been many articles written about Enovix (NASDAQ:ENVX) that cover the technology, potential demand and use cases, and management’s projections. Since the company is essentially pre-revenue, this appears to be all that we can go off of. Rather than focus on the projected quantitative aspects as many authors have…
The Hopecard will allow users to seamlessly spend their digital assets for everyday transactions, just like they would with traditional fiat currency. Hope.money has stepped into the spotlight by introducing its newest innovation, the ‘HopeCard’, a holistic crypto solution designed to cater to individuals’ daily spending needs. A recent press release shared with Coinspeaker noted…
Katrina Wittkamp Investment action Based on my current outlook and analysis of Burlington Stores (NYSE:BURL) 2Q23 earnings, I recommend a hold rating. I expect the stock price to be rangebound in the near term, as I do not see any positive catalysts that will drive the valuation multiple upwards. BURL needs to show the market…
Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q2 2023 Earnings Conference Call August 29, 2023 11:45 PM ET Company Participants Ruisheng Sheng – Board Secretary Gareth Hewett – Head of International Public Relations and ESG Fu Xin – Chief Operating Officer Jessica Tan – Executive Director, Co-CEO & EVP Zhang Zhichun – Group…
The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason. Bloomberg ETF analysts James Seyffart and Eric Balchunas have recently updated their estimates of the odds of the spot Bitcoin ETF coming to…
Spencer Platt Summary Following my coverage of iQIYI (NASDAQ:IQ), I recommended a buy rating due to my expectation that IQ will continue to report sustainable, profitable growth. This post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for IQ as the business continues to showcase…
shih-wei By Alex Shingler, CFA & Justin Christofel, CFA As multi-asset income investors, we seek to help a wide range of clients meet their income needs. The benefits of an income-centric approach are especially relevant for investors as they enter retirement – and that’s especially true today. We bring that to life with two case…
FG Trade Operating under the brand Vivo in Brazil, Telefônica Brasil (NYSE:VIV) holds a prominent position in the country’s fiber optic industry and demonstrates robust cash generation capabilities. This advantageous position allows the company to finance its expansion investments while leveraging potential market opportunities. Telefônica Brasil’s second-quarter results were strong, showcasing a continuous increase in…
Chinese authorities have accelerated efforts to support companies that are aiming to develop AI. China has given a big boost to artificial intelligence (AI) technology following its recent string of approvals. This follows after the Cyberspace Administration of China gave the nod of approval to at least three Chinese tech firms to launch AI services…
Matteo Colombo Investment briefing UFP Technologies, Inc. (NASDAQ:UFPT) continues to present with compelling long-term value in my informed opinion. The company’s rally from 2022 extended to mid-July and the equity line has since rolled over, in line with the sharp selloff in broad healthcare in the same month. Since the last publication, there are a…
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects. Salesforce Inc (NYSE: CRM), a leading American cloud-based software company, announced several announcements on Wednesday, including fiscal Q2 2024 ended July 31, 2023. According to the announcement, Salesforce recorded an adjusted earnings per share of…