Matterport, Inc. (NASDAQ:MTTR) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET Company Participants Mike Knapp – VP, IR RJ Pittman – Chairman and CEO JD Fay – CFO Conference Call Participants Bhavin Shah – Deutsche Bank Yun Kim – Loop Capital Markets Operator Good day, and welcome to the Matterport Incorporated Fiscal…
Synchronoss Technologies, Inc. (NASDAQ:SNCR) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Jeff Miller – President and Chief Executive Officer Lou Ferraro – Chief Financial Officer Operator Good afternoon, and welcome to Synchronoss Technologies Second Quarter 2023 Earnings Conference Call. Joining us today are Synchronous Technologies’ President and CEO, Jeff…
NVidia Endeavor Headquarters in Santa Clara vzphotos/iStock Editorial via Getty Images Nvidia Corporation (NASDAQ:NVDA) is set to release earnings on Wednesday, August 23. The release will likely be very closely watched, as it will give investors an idea about demand for artificial intelligence (“AI”) chips. Nvidia is the biggest company manufacturing chips used in AI…
pidjoe On Thursday, August 3, 2023, international electric utility The AES Corporation (NYSE:AES) announced its second quarter 2023 earnings results. At first glance, these results appeared to be somewhat disappointing, as the company missed the expectations of its analysts in terms of both revenues and earnings. The stock market was also not particularly impressed with…
Andrii Yalanskyi The Industrials sector has been a quiet leader in 2023. While mega-cap tech-related stocks have been in the limelight and as the “Magnificent Seven” moniker went viral, boring transportation, aerospace, and other niches in the broad Industrials space have taken off over the last several months. One stock, Air Lease Corp (NYSE:AL), is…
MRC Global Inc. (NYSE:MRC) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET Company Participants Monica Broughton – Vice President, Investor Relations and Treasury Rob Saltiel – President and Chief Executive Officer Kelly Youngblood – Executive Vice President and Chief Financial Officer Conference Call Participants Tommy Moll – Stephens Nathan Jones – Stifel…
Cactus, Inc. (NYSE:WHD) Q2 2023 Earnings Call Transcript August 8, 2023 10:00 AM ET Company Participants Alan Boyd – Director of Corporate Development and IR Scott Bender – Chairman and CEO Steve Tadlock – CFO TS – CEO, FlexSteel Conference Call Participants Stephen Gengaro – Stifel David Anderson – Barclays Kurt Hallead – Benchmark Saurabh…
Olaplex Holdings, Inc. (NASDAQ:OLPX) Q2 2023 Results Conference Call August 8, 2023 9:00 AM ET Company Participants Patrick Flaherty – Vice President-Investor Relations JuE Wong – President and Chief Executive Officer Eric Tiziani – Chief Financial Officer Conference Call Participants Alec Legg – Canaccord Genuity Andrea Teixeira – JPMorgan Bill Chappell – Truist Securities Dana…
NeoGenomics, Inc (NASDAQ:NEO) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Kendra Sweeney – Vice President, Investor Relations Chris Smith – Chief Executive Officer Jeff Sherman – Chief Financial Officer Vishal Sikri – President, Advanced Diagnostics Warren Stone – President, Clinical Services Melody Harris – President, Enterprise Operations Conference Call…
I going to make a greatest artwork as I can, by my head, my hand and by my mind. This may be just what the crypto payments space needs. PayPal Holdings, Inc. (PYPL) is getting into the stablecoin business. It is the first major financial institution to go so far into this market. PayPal USD….
Helios Technologies, Inc. (NYSE:HLIO) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Tania Almond – VP of IR and Corporate Communications Josef Matosevic – President and CEO Tricia Fulton – EVP and CFO Conference Call Participants Chris Moore – CJs Securities Jeffrey Hammond – KeyBanc Mick Dobre – Baird Nathan…
svetikd Investment Thesis fuboTV Inc. (NYSE:FUBO) delivers a mixed Q2 set of results. On the one hand, the business continues to acquire paying customers at a very rapid rate. This consideration is the bright element in the bull case. This allows fuboTV to continue to lay claim to its growth ambitions of being the ”go-to”…
Royalty Pharma plc (NASDAQ:RPRX) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Pablo Legorreta – Chief Executive Officer Marshall Urist – Executive Vice President, Head of Research and Investment Terrance Coyne – Executive Vice President, Chief Financial Officer Chris Hite – Executive Vice President, Vice Chairman George Grofik – Head…
Everbridge, Inc. (NASDAQ:EVBG) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Jeff Young – Investor Relations David Wagner – President & Chief Executive Officer Patrick Brickley – Executive Vice President & Chief Financial Officer Conference Call Participants Alex Sklar – Raymond James Matt Stotler – William Blair Brian Colley –…
Moody’s is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds. Bond credit rating platform Moody’s Investors Service has reduced its ratings of several banks in the US. In addition to the cut in these ratings, Moody’s also put several banks under review for possible rating…
Charley Gallay It has been three months since my latest update on The Walt Disney Company (NYSE:DIS) when I highlighted a number of reasons why the company is finally in a good position to deliver on its bottom line figures. Seeking Alpha Unfortunately for DIS shareholders, Q2 results failed to impress as more visibility on…
Bitrefill, a popular platform that sells gift cards for bitcoin, has announced its partnership with eSIM Go, enabling travelers in over 140 countries to pre-purchase an e-sim and have local data available as soon as they arrive, per a press release sent to Bitcoin Magazine. Now, Bitcoin enthusiasts and digital nomads can experience uninterrupted internet access…
Xeris Biopharma Holdings, Inc. (NASDAQ:XERS) Q2 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Allison Wey – Senior Vice President of Investor Relations Paul Edick – Chairman and Chief Executive Officer Steven Pieper – Chief Financial Officer Conference Call Participants Oren Livnat – H. C. Wainwright Glen Santangelo – Jefferies Operator…
The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. On July 13, the United States judicial system through a ruling by District Judge Analisa Torres declared XRP exchanges’ sales as non-security. However, the ruling also tied the XRP institutional sales to investment contracts, thus security…
imamember/iStock via Getty Images I’m reiterating my Strong Sell rating on Vonovia SE after reviewing the 2nd quarter results. On March 28th, 2023, I issued a contrarian thesis against Vonovia SE (OTCPK:VONOY) (OTCPK:VNNVF) arguing that the Company has assumed just too much of a leverage to survive without making value-destructive share issuances. After the Q1…
Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. American pharmaceutical company Eli Lilly and Co (NYSE: LLY) has reported an impressive surge in profits during the second quarter of 2023, leading to a significant increase in its full-year outlook. The company’s quarterly financial report, released earlier today,…
Nuwellis, Inc. (NASDAQ:NUWE) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Vivian Cervantes – Investor Relations Nestor Jaramillo – President & Chief Executive Officer John Jefferies – Chief Medical Officer Lynn Blake – Chief Financial Officer Conference Call Participants Jeffrey Cohen – Ladenburg Thalmann Anthony Vendetti – Maxim Group Brooks…
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. The Central bank of Brazil continues to push further with its progress o the central bank digital currency (CBDC). Previously popular as Digital Real, the CBDC gets a new official brand name…
wildpixel Intro In my previous article about Premier Financial (NASDAQ:PFC) I was too pessimistic and my sell rating at $15 per share turned out to be an incorrect prediction. The reason for this wrong rating is that I tend to undervalue companies with deteriorating fundamentals too much and this caused me to miss a good…
The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1. Cryptocurrency exchange Binance provided a closer look into its reserves with the August 1 release of its proof-of-reserves (PoR). The move of Binance to dump its USD Coin (USDC) reserves after the collapse of Sivergate Bank has…
Marko Jan/E+ via Getty Images Beyond Meat’s (NASDAQ:BYND) second quarter results were extremely weak, with a reduction in operating expenses the only bright spot. While management remains upbeat about the company’s prospects, the balance sheet is deteriorating and there are questions regarding consumer demand. If margins do not improve dramatically in the coming quarters, the…
Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year. One of the oldest cryptocurrency exchanges Bitstamp is looking to expand its footprint and service offerings amid the current talks of raising fresh funding. Jean-Baptiste Graftieaux, global chief executive officer of the exchange appraised the recent…
imantsu With its recent acquisition of Fill-Rite in 2022, The Gorman-Rupp Company (NYSE:GRC) levered its balance sheet for the first time in over 10 years. This acquisition was made for $528 million, or $448 million after expected tax benefits from the transaction. Fill-Rite generated $140 million in revenue and $34.5 million in adjusted EBITDA in…
The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up. SoftBank Group Corp reported a loss for the quarter ended June, surprising much of the market, which expected better. However, the company’s Vision Fund investment arm posted a gain even as indicators suggested a…
D3Damon/E+ via Getty Images Since my last article, SoFi Technologies (NASDAQ:SOFI) has climbed more than 45%. I still believe the second half of the year will be the pivotal point for the digital bank due to the return of student loan payments next October. While the Q2 earnings were a mixed bag for me, the…
The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors. On August 1, the Monetary Authority of Singapore (MAS), the Singapore Central Bank, granted Blockchain.com a major payment institution (MPI) license. The crypto exchange is now able to provide accredited customers with digital payment…
naphtalina/iStock via Getty Images Investment update Pediatrix Medical Group (NYSE:MD) posted its Q2 FY’23 numbers last week, and on detailed examination, there is much to be desired for the company’s investment prospects. Based on the analysis shown here today, it is of my belief MD is not an investment-grade company at this point. The revenue…
This is an opinion editorial by Ethan Rose, the founder and CEO of Bitcoin Lightning Network payments provider Pouch.ph. Recently, Binance, the world’s biggest cryptocurrency exchange, successfully implemented Bitcoin’s Lightning Network to enhance the speed and scalability of Bitcoin transactions on its platform. This came after it was forced to halt bitcoin withdrawals for several…
Charley Gallay/Getty Images Entertainment Trinity Capital’s (NASDAQ:TRIN) fiscal 2023 second-quarter earnings saw the business development company record dual beats on total and net investment income. However, whilst the results reaffirmed the long-term investment pitch of the venture-focused BDC, shareholder cheer turned sour with Trinity announcing a $75 million share offering at a price of $14.45…
The launch of GPTBot comes a few weeks after OpenAI filed a trademark application for “GPT-5”. OpenAI, a US-based artificial intelligence (AI) company, has introduced GPTBot, a groundbreaking web crawling tool designed to enhance future AI models like ChatGPT. According to the company’s blog post, the new AI tool serves as a web crawler, a…
Olivier Le Moal Introduction I covered Taiwan Semiconductor (NYSE:TSM) back in October 2022 under the headline of “Taiwan Semiconductor: I’m Buying And Here Is Why”. At the time, the stock was trading at its lowest valuation since 2016 and appeared to be a sensible opportunity from both a P/S, P/E and EV/EBITDA perspective. Since then,…
The approval of spot-Bitcoin ETF remains a hot issue of debate among investors, regulators, and financial institutions. Cathie Wood, the CEO of ARK Invest has expressed belief that the US Securities and Exchange Commission (SEC) may approve multiple spot Bitcoin Exchange-Traded Funds (ETFs) simultaneously. Cathie Wood Shifts Perspective on Bitcoin ETF Cathie Wood shared her…
DjordjeDjurdjevic Introduction In my personal opinion, the active development of AI can have a significant impact on a huge number of companies, one of which is H&R Block (NYSE:HRB). Despite the fact that the company’s shares are currently under pressure, I believe that we now have an attractive entry point for opening long positions. In…
Meanwhile, Chief Executive Officer Tim Cook pointed out that sales of Apple products in the United States were declining. Apple’s iPhone 15 will reportedly go on sale around September 22, according to a Bloomberg report release on Monday, August 7, 2023. The launch is expected to follow an Apple event to be held on either…
JohnnyGreig The most amusing central bank news in recent years is that the Bank of England asked former Federal Reserve Chairman Ben Bernanke to review its economic forecast after it failed so badly to stop inflation. Bank of England Governor Andrew Bailey said that Mr. Bernanke’s review would help central bankers “take a step back…
Scammers may continue to cash in on the PayPal stablecoin launch for as long as possible. Bad actors have attempted to take advantage of PayPal‘s launch of its native stablecoin – PYUSD. The launch, which took place barely 24 hours ago, now has competition from several fake tokens sporting the “PYUSD” ticker. A Wave of…
GOCMEN/iStock via Getty Images By Muhammet Mercan, James Wilson Turkey at a glance According to early indicators in July, moderation in business sentiment, both sectoral and consumer confidence are likely reflecting currency volatility in the aftermath of elections, and that’s hinting at some easing in activity. With a near double-digit monthly increase, annual inflation jumped…
The round follows approval for Neuralink’s first human trials received by the startup from the US Food and Drugs Administration (FDA) in May. Neuralink Corp, Elon Musk‘s startup that focuses on brain-machine interfaces to provide solutions for those with paralysis, has closed a $280 million funding round. The funds raised will be used to further develop its N1…
John Touscany/iStock Editorial via Getty Images Kirby Corporation (NYSE:KEX) operates domestic tank barges. It operates in two segments Marine Transportation and Distribution and Services. In the marine transportation segment, they offer marine transportation service and transports petrochemicals and refined petroleum products. In the distribution and services segment, they offer after-market service and sell authentic replacement…
captainsecret/iStock via Getty Images Various indicators suggest investors are getting more confident of a ‘soft-landing’ scenario for the U.S. economy. Not only has inflation remained on a downward trend, but we are also seeing a strong labor market and an unexpected recovery in the labor participation rate that has helped to dampen wage-price inflationary pressures….
Thomas Barwick US Foods Holding (NYSE:USFD) is a company that sells food through restaurants, hospitals, nursing homes, hotels, and other venues. As the company holds a sizable amount of debt and has a trailing P/E -ratio of 30, I believe the stock is worthy of a sell-rating. The Company USFD provides venues with food items,…
digitalmazdoor digitalmazdoor iShares Global 100 ETF (NYSEARCA:IOO) is an exchange-traded fund whose mandate is to invest in a broad range of large companies internationally in both developed and emerging markets, specifically 100 companies. The fund’s assets under management were just shy of $4 billion as of August 4, 2023, and the fund’s benchmark index was…
Palantir Technologies announced a 13 percent increase in Q2 2023 revenue to $533 million and also reported its third consecutive quarter of GAAP profitability. American big data analytics holding company Palantir Technologies Inc (NYSE: PLTR) shares closed Monday trading at $17.99, down 1.15 percent from the day’s opening price. However, the PLTR shares gained approximately…
Chip Somodevilla Warren Buffett has stated on numerous occasions that he would buy back shares of Berkshire Hathaway only at prices that are below his estimate of their intrinsic value. In Berkshire Hathaway’s Form 10-Q for the second quarter of 2023, released on August 5, Berkshire reported that it bought back $1.4 billion of its…
Lucid announced revenue of $150.9 million in Q2 2023 driven by customer deliveries of 1,404 electric vehicles. Luxury electric vehicle manufacturer Lucid Group Inc (NASDAQ: LCID) shares closed on August 7, 2023, trading at $6.41, down 3.17 percent from the day’s opening value. However, Monday’s losses were almost obliterated during after-hours with a 3.12 percent…