CapitaLand Ascendas REIT (OTCPK:ACDSF) Q2 2023 Earnings Conference Call July 31, 2023 5:30 AM ET Company Participants Terence Lim – Investor Relations Yeow Kit Peng – Head, Capital Markets & Investor Relations William Tay – Chief Executive Officer James Goh – Head, Portfolio Management Koo Lee Sze – Chief Financial Officer Conference Call Participants Mervin…
Rasi Bhadramani/iStock via Getty Images Checkpoint Therapeutics (NASDAQ:CKPT) has made some great progress lately with respect to its advancement of its drug known as cosibelimab. That is, it has already been able to file a Biologics Licensing Application [BLA] to the FDA, seeking U.S. marketing approval for this drug as a treatment for patients with…
Kennametal Inc. (NYSE:KMT) Q4 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Michael Pici – VP-IR Chris Rossi – President and CEO Pat Watson – VP and CFO Conference Call Participants Kiran Patel-O’Connor – Barclays Steve Barger – KeyBanc Capital Markets Operator Good morning. I would like to welcome everyone to…
Petmal Crestwood’s Q2 Update: Crestwood’s (NYSE:CEQP) Q2 was marginally weaker than expected with EBITDA coming in at $176 million, down 2% year over year, and missing consensus estimates of $194 million. This miss was due to lower commodity prices, a non-cash loss on NGL storage and some well shut ins, particularly on the Arrow system…
PotlatchDeltic Corporation (NASDAQ:PCH) Q2 2023 Earnings Conference Call August 1, 2023 12:00 PM ET Company Participants Wayne Wasechek – Interim VP and CFO Eric Cremers – President and CEO Conference Call Participants George Staphos – Bank of America Ketan Mamtora – BMO Michael Roxland – Truist Securities Kurt Yinger – D.A. Davidson Mark Weintraub –…
peshkov Shares of TG Therapeutics (NASDAQ:TGTX) plunged after the company missed the Q2 2023 revenue estimate and as it signed an ex-U.S. deal with Neuraxpharm for Briumvi. The revenue miss would not be such a problem if the underlying expectations were not so high – mine included. My base case was at least $25 million…
svetikd Caesars (CZR) was established in 1937 and manages casinos and resorts under various brands including Harrah’s, Caesars, Planet Hollywood and Horseshoe, which recently hosted the World Series of Poker. The stock has languished in recent years as debt levels have risen amid concerns over the cost of servicing the debt, which has created a…
With 34 tokens, Binance will offer more coins than any exchange operating in Japan. Leading cryptocurrency exchange Binance has unveiled its plan to re-enter the Japanese market. The announcement comes after Binance noted in July that it was making a comeback in Japan. Binance pulled out of Japan in 2018 after the country’s financial regulator…
TETRA Technologies, Inc. (NYSE:TTI) Q2 2023 Earnings Conference Call August 1, 2023 10:30 AM ET Company Participants Rigo Gonzalez – Corporate Finance & IR Manager Brady Murphy – President, CEO & Director Elijio Serrano – SVP & CFO Conference Call Participants Martin Malloy – Johnson Rice & Company Stephen Gengaro – Stifel, Nicolaus & Company…
Meta is considering automated checks on the chatbots’ outputs to ensure accuracy and compliance with platform rules. Meta Platforms, the parent company of Facebook and Instagram, is set to unveil a new range of artificial intelligence (AI) chatbots with distinct personalities as early as September. According to reports from the Financial Times, citing people familiar…
IPG Photonics Corporation (NASDAQ:IPGP) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Eugene Fedotoff – Senior Director, IR Eugene Scherbakov – CEO & Director Timothy Mammen – SVP & CFO Conference Call Participants Ruben Roy – Stifel, Nicolaus & Company James Ricchiuti – Needham & Company Michael Feniger – Bank…
Collections submitted for verification by Salsal end up with a proven factual history of the owners and receive an immutable, permanent record of ownership transfer. Researchers have come up with a blockchain solution to confirm the authenticity of cultural artifacts. Dr. Adel Khelifi, an associate professor at Abu Dhabi University, and Dr. Mark Altaweel, a…
damedeeso Investment Thesis This article is one in a series of articles where I use a common set of metrics to evaluate a CEF beyond just the yield. In this article, I will take another look at Cornerstone Strategic Value Fund (NYSE:CLM) following my January article where I rated it a Sell. For many years…
The Ordinals team, led by creator Casey Rodarmor, has introduced the “Open Ordinals Institute,” a non-profit organization aimed at advancing the Bitcoin Ordinals protocol and its reference implementation, Ord. The Open Ordinals Institute will financially support Ordinals core developers, including the newly appointed lead maintainer, Raph, fostering an open-source contributor environment for sustained growth and…
Neurocrine Biosciences, Inc. (NASDAQ:NBIX) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Todd Tushla – VP, IR Kevin Gorman – CEO Matt Abernethy – CFO Eiry Roberts – Chief Medical Officer Eric Benevich – Chief Commercial Officer Kyle Gano – Chief Business Development & Strategy Officer Conference Call Participants Paul…
Simultaneously, Binance has introduced CyberConnect (CYBER) as the 37th project on Binance Launchpool. Binance, the world’s biggest crypto exchange has announced the debut of Sei (SEI), a cutting-edge layer 1 blockchain designed for the exchange of digital assets, as the 36th project on Binance Launchpool. Binance and the Sei Support Binance highlighted in an official…
Fresnillo plc (OTCPK:FNLPF) Q2 2023 Earnings Conference Call August 1, 2023 4:00 AM ET Company Participants Octavio Alvidrez – CEO Mario Arreguin – CFO Tomas Iturriaga – COO Conference Call Participants Daniel Major – UBS Jason Fairclough – Bank of America Danielle Chigumira – Credit Suisse Sandeep Peety – Morgan Stanley Patrick Jones – JPMorgan…
Nomura’s move to launch virtual assets and brokerage services in Dubai is well-timed. It comes amid a growing interest and demand for digital assets among institutional and retail investors worldwide. Nomura, one of the largest financial services groups in Asia, announced on Monday that it has obtained a full license from Dubai’s Virtual Asset Regulatory…
Eoneren “A crook is a crook, and there’s something healthy about his frankness in the matter. But any guy who pretends he is enforcing the law and steals on his authority is a swell snake. The worst type of these punks is the big politician.” – Al Capone Looking at the US Congress holding a…
Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders. On August 1st, the shares of Uber Technologies Inc (NYSE: UBER) fell by more than 5.5% after the publication of the…
Bloomin’ Brands, Inc. (NASDAQ:BLMN) Q2 2023 Earnings Call Transcript August 1, 2023 8:15 AM ET Company Participants Tara Kurian – VP, Corporate Finance David Deno – Chief Executive Officer Chris Meyer – Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Alex Slagle – Jefferies John Ivankoe – JPMorgan Sharon…
Meanwhile, Google is not alone in its pursuit of enhancing AI-powered virtual assistants. Google is gearing up for a significant upgrade to its virtual personal assistant, Google Assistant, designed to help users perform simple tasks on their smartphones. The company plans to upgrade the product using advanced generative AI technology to improve its capabilities. According…
Zebra Technologies Corporation (NASDAQ:ZBRA) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Mike Steele – VP, IR Bill Burns – CEO Nathan Winters – CFO Joe Heel – CRO Conference Call Participants Tommy Moll – Stephens Damian Karas – UBS Jim Ricchiuti – Needham & Company Meta Marshall – Morgan…
The implications of this judgment are significant for both Terraform and the broader ecosystem. Terraform Labs, and its founder, Do Kwon, are facing a major setback as US District Judge Jed Rakoff has reportedly ruled against their motion to dismiss fraud allegations brought forth by the US Securities and Exchange Commission (SEC). SEC Allegations against…
imaginima Introduction Back in April, I was quite charmed by Prysmian’s (OTCPK:PRYMY) (OTCPK:PRYMF) financial performance. Although the company is a world leader in submarine cables, its valuation was very reasonable as the stock was trading at just around 8 times EBITDA. That’s relatively low, especially knowing Prysmian has been scoring multiple new contracts in the…
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction. Wells Fargo Treasury manager Shannon Thorp predicts that XRP will hit between $100 and $500 over the coming four to seven months. This comes following Ripple Labs’ victory over the United States Securities and…
SCStock Introduction At our Conservative Income Portfolio service, we cover the universe of preferred stocks, term preferred stocks, baby bonds, and traditional bonds. Generally, we consider the safety of utmost performance as we look to find the highest yielders that also offer a strong level of safety. We also focus on securities that not only…
BTC Inc., the leading provider in Bitcoin-related news and events, has announced that Marathon Digital Holdings, Inc. (NASDAQ:MARA), a prominent player in bolstering and securing the Bitcoin ecosystem, has inked a continued sponsorship deal, reaffirming its status as the main sponsor of The Bitcoin Conference for the next four years. The partnership entails Marathon’s prominent…
Sirius XM Holdings Inc. (NASDAQ:SIRI) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Hooper Stevens – SVP-IR and Finance Jennifer Witz – CEO Tom Berry – CFO Scott Greenstein – President and Chief Content Officer Conference Call Participants Steven Cahall – Wells Fargo Jessica Reif Ehrlich – Bank of America…
The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin Market Dynamics The goal of this article is to zoom out and highlight some…
Matteo Colombo Investment thesis Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been one of the hottest stocks of the last decade, with a cumulative return above 1800%. The company has demonstrated impressive financial performance over the past decade and is well-positioned to sustain solid revenue growth and profitability metrics expansion over the next decade. The balance…
Officially out of beta, Bitcoin Magazine is excited to make public its new over-the-counter service, Rare B.TC, which enables users to buy and sell rare sats – bitcoins that have a history or provenance that makes them more valuable to collectors – as well as rare inscriptions. Today, finding rare bitcoins can be difficult. There’s a patchwork…
ipuwadol/iStock via Getty Images By Mike Clark, Consulting Actuary Key considerations for defined benefit (DB) pension plan sponsors looking to save on Pension Benefit Guaranty Corporation (PBGC) insurance premiums in 2023. Defined benefit (DB) pension plan sponsors looking to save on Pension Benefit Guaranty Corporation (PBGC) insurance premiums in 2023 may find wisdom in the…
Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced the opening of three new data centers in South Carolina’s Western region. This expansion is part of the company’s strategy to establish a stronger presence within the United States, as currently, GDA accounts for 2% of the total hash rate of…
Brandon Bell/Getty Images News AT&T (NYSE:T) recently announced another batch of earnings. The company, with its $100 billion market capitalization, now has a dividend yield pushing 8%. That, combined with its dividend yield, the recent lead crisis, which we discuss here, and the potential of associated costs, has resulted in consistent concern about the company’s…
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. On Tuesday, August 1, oil giant British Petroleum (LON: BP) reported a 70% drop in profits for Q2 2023 on the backdrop of weaker fossil fuel prices. BP in Q2 2023 BP, the…
hapabapa Investment Thesis I have been quite bullish on Intel (NASDAQ:INTC) since the stock reached and even went below the $30 level nearly a year ago – even without having to require any overly ambitious financials besides returning back to pre-downturn numbers: Intel Stock Bottomed And There Is Upside Potential. In the wake of the…
This is an opinion editorial by Moon, a Bitcoin Maximalist, writer and practitioner of capoeira. Capoeira, often superficially described as “dance-fighting,” is a self-defense style that arose organically out of the forced melding of cultures between different African peoples enslaved in Brazil in 18th and 19th centuries (though its history is likely older than this)….
arild lilleboe Introduction The Norwegian-based Equinor ASA (NYSE:EQNR) reported its second quarter 2023 results on July 26, 2023. Note: This article updates my article published on June 10, 2023. I have followed EQNR on Seeking Alpha since January 2017. This article discusses the company’s recent history, including the second-quarter earnings. As I said in my…
The news of a possible FTX reboot resulted in a 10% spike in FTX’s FTT token to reach a high of $1.59. Defunct cryptocurrency exchange FTX is looking to reorganize and continue services for customers outside the United States. FTX Group filed a draft creditor repayment plan on Monday that in addition to restarting the…
Ihor Lukianenko Wall Street is partying, celebrating what is increasingly looking like a soft landing, kind of. YCharts Is there news to justify this? Yes, in a way. The economy is proving more resilient than expected, with Q2 GDP just benign revised up from 2% to 2.6%. Daily Shot The economy is growing so strongly…
According to the Worldcoin team, the project was fully compliant with European data rules and was supervised by the Bavarian State Office for Data Protection Supervision. Last week, OpenAI CEO Sam Altman announced the launch of Worldcoin (WLD) – a crypto project that aims to establish universal access to the global economy regardless of country…
maybefalse/iStock Unreleased via Getty Images Alibaba (NYSE:BABA) is trading at close to its lowest PS ratio which shows that Wall Street is overlooking the growth potential in a number of segments. In the year ago quarter, Alibaba reported its first YoY revenue decline of 2.5%. Regulatory and macroeconomic challenges in the pandemic caused this decline….
The Digital Currency Group has hinted that they could be making creditor payments for Genesis Global soon and plan to resolve all the claims. Crypto giant Digital Currency Group (DCG) has recently given its second-quarter financial update telling shareholders that they are pretty close to resolving the claims in the Chapter 11 bankruptcy case involving…
Just_Super Welcome to the nickel miners news for July. The past month saw some nickel price improvement but also saw renewed calls for an oversupply in 2023, albeit with some forecasting China nickel demand to improve from stainless steel and EVs. Nickel price news As of July 31, the nickel spot price was USD 9.71,…
Mash, a Lightning-enabled micropayments project focused on content monetization, has announced their Lightning Bitcoin Wallet is entering Beta and available for download now. In order to bypass potential app store censorship – a precedent set with Apple’s App Store and Nostr client Damus – Mash has enabled download of their progressive web-app straight from your…
skynesher/E+ via Getty Images By Carsten Brzeski German unemployment increased by 62,000 in July, raising the number of unemployed to 2.617 million. The seasonally adjusted unemployment rate, however, dropped to 5.6%, from 5.7% in June. For those who want to find some sign of weakening in the labour market, today’s report brought some reassurance: the…
Meta has encountered a slew of setbacks in the past year, casting doubt on its future prospects. In a stunning display of market resilience and investor confidence, Meta Platforms Inc (NASDAQ: META) has achieved a remarkable feat, climbing 11% in July and securing its ninth straight month of gains. This incredible run represents Meta’s longest…
Florence and Joseph McGinn/iStock via Getty Images We are now in the midst of second-quarter earnings announcement season. Many of our stocks are already exhibiting relative strength, which is a sign that money is gravitating to those companies that will post the strongest quarterly results and the best future guidance. We are in the midst…
Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities. Tether Limited Inc, a sister crypto company to Bitfinex digital asset exchange owned by iFinex Inc, announced its Q2 2023 financial results on July 31. According to the company’s financial results compiled by BDO accounting…