Douglas Rissing In mid-August, InterCure (NASDAQ:NASDAQ:INCR), one of the leaders in the global medical cannabis market and one of its largest producers in Israel, will publish financial results for the 2nd quarter of 2023. According to the Ministry of Health, the consumption of medical cannabis in Israel rose to 4.88 tons in June 2023 from…
Universal Corporation (NYSE:UVV) Q1 2024 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Jennifer Rowe – AVP George Freeman – Chairman, President and CEO Airton Hentschke – COO Johan Kroner – CFO Conference Call Participants Ann Gurkin – Davenport Operator Good afternoon, ladies and gentlemen, and welcome to the Universal Corporation First…
TTM Technologies, Inc. (NASDAQ:TTMI) Q2 2023 Earnings Conference Call August 2, 2023 1:00 PM ET Company Participants Sameer Desai – Senior Director, Corporate Development & IR Thomas Edman – President and CEO Todd Schull – EVP and CFO Conference Call Participants William Stein – Truist Securities Matt Sheerin – Stifel Griffin Boss – B. Riley…
Phiromya Intawongpan GDEV Inc. (NASDAQ:GDEV) is the owner of the Hero Wars video game, and recently reported positive FCF as well as double digit paying users and active users growth. In my view, as soon as market participants review the recent corporate developments, and understand the potential growth of GDEV, we may see growing demand…
urbazon One of the great things about buying value stocks is that you don’t necessarily need financial performance of those businesses to be all that special in order for the market to eventually realize that shares are underpriced. A great example of this can be seen by looking at Matthews International (NASDAQ:MATW). Since I wrote…
Andres Victorero I’ve covered several of the Pacer Trendpilot ETFs, including the Pacer Trendpilot US Bond ETF (NYSEARCA:NYSEARCA:PTBD), these past few years. I’ve generally been bearish, as the trend-following strategies used by these funds seemed ineffective, in both theory and practice. PTBD itself had seen some success and excess returns in the past, but the…
JohnnyGreig Barrick Gold: Strong Quarter, But What’s Next? Data by YCharts This article serves as an update on Barrick Gold Corporation (NYSE:GOLD), the largest gold miner by market cap. Barrick recently disclosed its preliminary Q2 sales as it nears its Q2 2023 financial results, scheduled to be released pre-market on August 8. Overall, it was…
DNY59 We remain bullish on Uber Technologies, Inc. (NYSE:UBER) post Q2 2023 earning results as our investment thesis of profitable growth driven by mobility gross bookings is playing out. We see further upside ahead for the stock driven by increased audience frequency and pricing into 2024 as the platform expands internationally and leverages machine learning…
Siemens Healthineers AG (OTCPK:SEMHF) Q3 2023 Earnings Conference Call August 2, 2023 2:00 AM ET Company Participants Marc Koebernick – Head of Investor Relations Bernhard Montag – Chief Executive Officer Jochen Schmitz – Chief Financial Officer Conference Call Participants Hassan Al-Wakeel – Barclays Veronika Dubajova – Citi Graham Doyle – UBS David Adlington – JPMorgan…
Dorian LPG Ltd. (NYSE:LPG) Q1 2024 Results Conference Call August 2, 2023 10:00 AM ET Company Participants Ted Young – Chief Financial Officer John Hadjipateras – Chairman, President and CEO John Lycouris – Chief Executive Officer, Dorian LPG USA Taro Rasmussen – Vice President of Chartering Conference Call Participants Omar Nokta – Jefferies Brian Reynolds…
Just_Super Introduction The stock of CPI Card Group (NASDAQ:PMTS), a micro-cap, payment tech specialist has had a rough ride this year, particularly since May; all in all, on a YTD basis, the stock has lost around a third of its market-cap, even as its peers from the micro-cap space have eked out single-digit returns. In…
Innoviz Technologies Ltd. (NASDAQ:INVZ) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Rob Moffatt – Vice President-Business Development and Investor Relations Omer Keilaf – Co-Founder and Chief Executive Officer Eldar Cegla – Chief Financial Officer Conference Call Participants Mark Delaney – Goldman Sachs Andres Sheppard – Cantor Kevin Cassidy –…
Both companies recognize the potential of AI technologies and are actively seeking to harness them to boost their businesses. Rakuten Group has just entered into a strategic partnership with artificial intelligence (AI) firm OpenAI. By signing a memorandum of understanding with OpenAI, the Japanese company will be seeking to explore business opportunities that the partnership…
Sean3810 All amounts in USD. The news out of Macau continues to show the remarkable resilience of casino gaming in the speed with which the market is recapturing the lost revenue during the covid crisis. As we have long pointed out, the underlying fundamentals that have driven revenue since Macau’s earliest days in the 2000s…
The move to go public comes amid growing interest in artificial intelligence chips, reflected in the increased market mood towards technologies linked to generative AI. British chip designer Arm Ltd, a subsidiary of the SoftBank Group Corp, is preparing to conduct an initial public offering (IPO) in the coming months. According to a Bloomberg report…
Horizon Technology Finance Corporation (NASDAQ:HRZN) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Megan Bacon – Director, IR & Marketing Robert Pomeroy – Chairman & CEO Gerald Michaud – President & Director Daniel Trolio – EVP, CFO & Treasurer Conference Call Participants Bryce Rowe – B. Riley Securities Christopher Nolan…
Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings. The recent ruling on SEC vs Ripple lawsuit has undeniably helped XRP gain in value and also traded volume. Following the ruling earlier last month, several centralized cryptocurrency exchanges including Coinbase Global Inc (NASDAQ:…
AleksandarNakic/E+ via Getty Images Introduction Shares of Cars.com (NYSE:CARS) have risen 65% YTD. Since my last publication, where I recommended buying the company’s shares, quotes have risen by 47%, while the S&P 500 index has shown growth by 15%. Despite the solid operating and financial performance, I believe that now is not the best time…
Binance explained that they even have refused to conduct business in the Asian due to China’s cryptocurrency ban. On August 2nd, The Wall Street Journal published a report indicating that current and former employees of Binance observed internal transactions confirming that Chinese users traded around $90 billion in cryptocurrencies on the exchange for a month….
Match Group, Inc. (NASDAQ:MTCH) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants Tanny Shelburne – Senior Vice President of Investor Relations Bernard Kim – Chief Executive Officer Gary Swidler – President and Chief Financial Officer Conference Call Participants Cory Carpenter – JPMorgan Youssef Squali – Truist Alexandra Steiger – Goldman…
BTC Inc. the leading provider of Bitcoin-related news and events, is thrilled to announce that Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon”), a leader in supporting and securing the Bitcoin ecosystem, has signed a continued sponsorship deal, solidifying its position as a main sponsor of The Bitcoin Conference for the next four years. The agreement includes…
Torsten Asmus Black Stone Minerals, L.P. (NYSE:BSM) is expecting slightly higher production levels in 2H 2023, including higher oil cuts. This should allow it to achieve 1.1x distribution coverage during the second half of the year at current strip prices. Due to weaker hedges in 2024, there is a good chance that Black Stone’s distribution…
Introduction As interest in bitcoin continues to grow, so does the demand for investment products that provide exposure to companies and funds alike. One such product that has gained significant attention is the Bitcoin Exchange-Traded Fund (ETF). What Is An ETF? ETFs are designed to track the performance of a particular index, commodity or asset…
MicroStockHub/iStock via Getty Images In 3Q23, the Large Cap Value, All Cap Value, and All Cap Blend styles earn attractive-or-better rating. Our style ratings are based on the normalized aggregation of our fund ratings for every ETF and mutual fund in each style. Our fund ratings are based on aggregations of the ratings of the…
The DOJ claims that Bankman-Fried’s actions amounted to witness tampering and obstruction of justice and that he should be remanded. Sam Bankman-Fried’s defense team has mounted a robust defense against the US Department of Justice’s (DOJ) motion to revoke the former FTX CEO’s bail bond. The defense’s 18-page petition to Judge Lewis A. Kaplan deconstructs…
Rithm Capital Corp. (NYSE:RITM) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Emma Bolla – Associate General Counsel Michael Nierenberg – Chairman, CEO & President Nick Santoro – CFO and Chief Accounting Officer Conference Call Participants Eric Hagen – BTIG Bose George – Keefe, Bruyette, & Woods Douglas Harter –…
AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. On Tuesday, August 1, Advanced Micro Devices Inc (NASDAQ: AMD) posted moderately better-than-expected results for the second quarter earnings. AMD reported non-GAAP earnings of 57 cents per share for the…
Justin Sullivan Coinbase (NASDAQ:COIN) is scheduled to report Q2 financial results after the market closes on Thursday, August 3, 2023. Q2 presented significant challenges for US-based crypto exchanges, including Coinbase, as the SEC intensified its regulatory actions. In Q1, Coinbase beat the consensus EPS estimate of -$0.87 by 152.53%, reporting an actual EPS of $0.45….
The initiative will be funded through the Inflation Reduction Act, which approved $80 billion over ten years for the IRS. The Internal Revenue Service (IRS) has announced that it will allow taxpayers to submit all their tax documents electronically for the 2024 tax season. Consequently, taxpayers will no longer need to mail or fax their…
Olivier Le Moal By Kevin Flanagan Throughout the course of the current Federal Reserve rate hike cycle, and the attendant increase in the U.S. Treasury (UST) 10-Year yield, I periodically get asked whether it is time to go long on duration. My answer has been a very consistent one: I’d rather be late than early…
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community. The crypto investment landscape is undergoing a seismic shift as six entities have rushed to file applications with the US Securities and Exchange Commission (SEC) for Ethereum (ETH) futures-based Exchange-Traded Funds (ETFs). The Rise of Ethereum ETFs This whirlwind of activity…
MTStock Studio/E+ via Getty Images Introduction The share price for Mr. Cooper Group (NASDAQ:COOP) has increased drastically in the last couple of months, but I wouldn’t go as far as to say the price is overvalued right now. The FWD p/e still sits in line with the sector at around 9. But I fear there…
This is an opinion editorial by Robert Hall, a content creator and small business owner. The United States has two major political parties: the Democratic Party and the Republican Party. These parties are basically diametrically opposed to the other. As of late, both sides have drifted to the extreme edges of the political spectrum to…
Panama7/iStock Editorial via Getty Images Bright Future Despite Lower 1H Results BP p.l.c. (NYSE:BP) reported lower earnings in the second quarter and first half of 2023. This should not come as a surprise with the Brent crude marker price (CO1:COM) averaging $79.66/bbl in the first half compared to $107.94 in 1H 2022. Similarly, BP’s refining…
While Coinbase is still planning to leverage the Bitcoin Lightning Network, the company’s rival Binance already completed the integration of the L2 network last month. American-based cryptocurrency exchange Coinbase plans to explore the possibility of integrating the Bitcoin Lightning Network into its platform. The move is part of a broader plan to expand digital asset…
stockcam I used to watch cartoons as a kid, and there would be shows where the good guy would catch the villain and remove their mask at the end to reveal their true identity. Social media platform Snap (NYSE:SNAP) has a logo that brings me back to those memories. The company’s recent Q2 earnings put…
MicroStrategy, under the leadership of Chairman Michael Saylor, has shown continued interest in the flagship cryptocurrency. Software developer MicroStrategy has revealed its plan to increase its Bitcoin (BTC) stack. According to a Tuesday filing with the US Securities and Exchange Commission (SEC), the firm’s action plan includes raising at least $750 million by selling more…
bjdlzx Civitas Resources, Inc. (NYSE:CIVI) announced an acquisition and a note offering to help finance that acquisition. That acquisition is actually more than one transaction that management labels “Hibernia” and “Tap Rock.” The company intends to use some stock as part of the payment to help keep the debt ratio low. For Civitas, which has…
Binance’s influence is undeniable as the exchange boasts a staggering total of over 128 million users worldwide. Binance, the world’s largest crypto exchange, has defied all expectations by maintaining its position as the dominant player in China, even in the face of a crypto ban imposed by the country in 2021. A recent report from…
baphotte The Bank of Japan (BoJ) is taking the macro world for a spin. It’s shaking up its yield curve control (YCC) policy, expanding its trading band for 10-year GDP yields from a range of 50 basis points to a much broader range of 100 basis points. This is a remarkable move that introduces higher…
The LTC price comes under pressure just hours before the Litecoin halving event ahead on Wednesday. Later today on Wednesday, August 2, the Litecoin blockchain network shall undergo the much-awaited halving event and the third such event in its 12 years of history. During a Twitter live stream last week, Litecoin creator Charlie Lee explained…
Pratchaya/iStock via Getty Images Larimar therapeutics (NASDAQ:LRMR) has been making significant progress in advancing its drug known as CTI-1601, which is being developed for the treatment of patients with Friedreich’s ataxia [FA]. That’s because it just received clearance from the FDA so that it can advance a higher dosing 50 mg cohort of CTI-1601 in…
On Tuesday, Uber released its Q2 2023 earnings report, posting a profit for the first time in its history. For the quarter that ended on June 30, Uber reported $9.2 billion in revenue, which is 14.3% higher compared to last year. Uber Technologies Inc (NYSE: UBER) has reportedly started developing an AI-powered chatbot that will…
Otter Tail Corporation (NASDAQ:OTTR) Q2 2023 Earnings Conference Call August 1, 2023 11:00 AM ET Company Participants Beth Osman – Manager of Investor Relations Chuck MacFarlane – President and Chief Executive Officer Kevin Moug – Senior Vice President and Chief Financial Officer Conference Call Participants Chris Ellinghaus – Siebert Williams Shank & Company, L.L.C. Sophie…
Before releasing the latest ratings, Fitch had initially warned about a possible downgrade during US debt ceiling negotiations a few months ago. Fitch Ratings, one of the major credit rating agencies, downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on August 1. The move comes amid concerns over expected…
Michael M. Santiago Introduction As a dividend growth investor, I seek new investment opportunities in income-producing assets. I often add to my existing positions when I find them attractive. I also use market volatility to my advantage by starting new positions to diversify my holdings and increase my dividend income for less capital. The energy…
Bitcoin price moved from $28.6k to around $30k on Tuesday but stabilized around $29.6k during the early Asian trading hours on Wednesday. The cryptocurrency market had mixed reactions following experts’ opinion of a possible black swan event in the DeFi lending industry triggered by the Curve finance and AAVE fiasco. Notably, the 300 million CRV…
Alexandros Michailidis Dear readers/followers, Deutsche Telekom (OTCQX:DTEGY) (OTCQX:DTEGF) has been one of my few very successful telco investments in the past 2 years, by which it has ripened and materialized into the RoR that I expected from it, enabling me to “SELL” or rotate at a high of €22/share (though it went somewhat higher), only…
The CoinShares CEO said there was a significant involvement of TradFi institutions in the crypto industry. Digital asset manager CoinShares recorded a spike in its Q2 2023 revenue, contributing to its strongest quarter since the beginning of 2022. According to the CoinShares Q2 2023 report, the total quarterly revenue increased 33% from £14.9 million in…
Nikada In the last few years, Tencent Holdings Limited (OTCPK:TCEHY) – as well as many other Chinese stocks – saw a huge discrepancy between the stock price and the fundamental picture. Of course, we should not ignore that Tencent has been struggling in the last few years: Since early 2021, the company has had trouble…