bjdlzx International Petroleum (OTCPK:IPCFF) is a Lundin Group company that is headquartered in Canada. The company has operations in Canada (and it reports in United States dollars unless otherwise noted) but also in France and Malaysia. As such, this company is likely to become a worldwide operator as it grows. The Lundin Group of companies…
Altigen Communications, Inc. (OTCQB:ATGN) Q3 2023 Earnings Conference Call August 22, 2023 5:00 PM ET Company Participants Carolyn David – Chief Finance Officer Jeremiah Fleming – Chief Executive Officer Conference Call Participants Neil Cataldi – Blueprint Capital Jason Revland – Private Investor Operator Greetings. Welcome to the Altigen Communications Third Quarter Fiscal Year 2023 Results…
ToughBuilt Industries, Inc. (NASDAQ:TBLT) Q2 2023 Earnings Conference Call August 22, 2023 5:00 PM ET Company Participants Martin Galstyan – Chief Financial Officer Michael Panosian – President and Chief Executive Officer Conference Call Participants Kevin Dede – H.C. Wainwright Operator Greetings, and welcome to the ToughBuilt Industries Second Quarter 2023 Earnings Call. At this time,…
JHVEPhoto/iStock Editorial via Getty Images The global financial cornerstone, represented by the banking sector, is currently receiving intense scrutiny within the market. Recent turbulent events have shaken this industry, leading to substantial impacts on the stock values of various institutions. This situation has ignited discussions about the genuine value of these establishments. A noteworthy player…
xijian/E+ via Getty Images The Company TTM Technologies, Inc. (NASDAQ:TTMI) is a $1.5-billion market cap company involved in the manufacturing and sale of a wide range of technology products. They operate in PCB and RF&S Components segments, offering a variety of technology products including custom assemblies, IC substrates, radar systems, and more. Their products cater…
zhengzaishuru Earthstone Energy (NYSE:ESTE) is being acquired by Permian Resources (NYSE:PR) for approximately $4.5 billion (including the assumption of net debt). This will create a combined company with approximately 300,000 BOEPD in production and over 400,000 Permian net acres. Both companies have grown substantially through acquisitions/mergers over the years. My standalone valuation estimate for Earthstone…
Xinjiang Goldwind Science & Technology Co., Ltd. (OTCPK:XJNGF) Q2 2023 Earnings Call Transcript August 22, 2023 4:00 AM ET Company Participants Ma Jinru – Vice President and Board Secretary Wang Hongyan – CFO Operator Ladies and gentlemen, I’d like to welcome you to join us for Goldwind 2023 Results Release for the Interim period. And…
SbytovaMN/iStock via Getty Images Trupanion’s (NASDAQ:TRUP) stock has been beaten down over the past few months. In my humble opinion, this makes the current stock price attractive from a valuation perspective if you view the company as a “growth” story. The company isn’t profitable yet but is in the process of scaling its business. In…
John Wood Group PLC (OTCPK:WDGJF) Q2 2023 Results Conference Call August 23, 2023 3:00 AM ET Company Participants Ken Gilmartin – Chief Executive Officer David Kemp – Chief Financial Officer Conference Call Participants Rachel Fletcher – Morgan Stanley Nikhil Gupta – Citi Mick Pickup – Barclays Alex Paterson – Peel Hunt Jamie Franklin – Jefferies…
bjdlzx A couple of weeks ago, Coterra Energy (NYSE:CTRA) released its results for the second quarter of 2023 with the market positively reacting to the financials. In this article, I will provide an analysis of Coterra’s Q2 results and I will explain my buy thesis. If you are not familiar with Coterra Energy, you can…
DICK’S Sporting Goods, Inc. (NYSE:DKS) Q2 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Lauren Hobart – President & CEO Navdeep Gupta – CFO Nate Gilch – IR Conference Call Participants Simeon Gutman – Morgan Stanley Adrienne Yih – Barclays Robby Ohmes – Bank of America Kate McShane – Goldman Sachs…
JHVEPhoto/iStock Editorial via Getty Images Yaskawa Electric (OTCPK:YASKY) (OTCPK:YASKF) is one of those well-run companies with good positioning in markets I like for the long term (automation and electrification in particular) that nevertheless often trades at too high of a multiple for me to truly love as a stock. Since my last update on the…
SDI Productions Aug. 21 was a fascinating day for shareholders and followers of Medical Properties Trust (NYSE:MPW). This is because, prior to the market opening, the management team at the business announced that they were cutting the firm’s distribution rather considerably. In most cases of a distribution cut that I have seen, the reaction to…
photobank kiev/iStock via Getty Images Quick Introduction to Business Development Companies Business development companies (“BDCs”) invest shareholder capital in privately-owned, small- and medium-sized U.S. companies generating income from secured loans and capital gains from equity positions, much like venture capital or private equity funds. Anyone can invest in BDCs as they’re public companies traded on…
da-kuk In 2023, the US equity market had surprised many with much better-than-expected returns driven by optimism in macroeconomics outlook, as well as the ongoing AI frenzy which drove up the performance of many large technology firms. While the S&P 500 performed well year-to-date, many investors began to realize the high concentration risk it possessed….
This idea shares similarities with the functionalities already offered by a range of AI-driven photo applications accessible on the App Store. After the successful launch of My AI chatbot, Snapchat is all set to introduce a brand-new feature known as “Dreams”. This upcoming addition takes Snapchat’s AI game up a notch, allowing users to blend…
Teka77 Here at the Lab, we are pleased with E.ON’s H1 financial figures (OTCPK:EONGY). We had a good rating update on the German transmission provider. Indeed, when we were overweighting the company (Fig below), we recorded a positive stock price performance of >30%, and then, following our consistency in the sector valuation, continued to imply…
In response to the initial rejection, Microsoft has introduced a new proposal that both companies have mutually accepted. The terms of this agreement have been adjusted to align with the stipulations of the UK Competition and Markets Authority. Microsoft has submitted a revised agreement to the UK Competition and Markets Authority (CMA) for the acquisition…
Premier, Inc. (NASDAQ:PINC) Q4 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Ben Krasinski – Senior Director, Investor Relations Mike Alkire – President and Chief Executive Officer Craig McKasson – Chief Administrative Officer and Chief Financial Officer Leigh Anderson – President, Performance Services Conference Call Participants Eric Percher – Nephron Research…
Universal Music Group Chairman and CEO stated that the music industry’s best bet for success in the face of AI was an artist-centric approach to generative AI. Universal Music Group has partnered with video streaming platform YouTube to launch the YouTube Music AI incubator, a program aimed at fostering creative expression while protecting the interests…
tadamichi Introduction I have a love-hate relationship with the Vanguard Real Estate ETF (NYSEARCA:VNQ) – although I would replace hate with somewhat dislike. As most of my readers know, I do not usually buy ETFs. I prefer to buy single stocks, as it’s way more fun. I also believe that I can outperform most benchmark…
The CEO of Baidu disclosed that the company saw accelerated revenue and profit growth in the Q2 of 2023 due to the good performance of the online marketing business and operating leverage. Popular China’s tech company Baidu has reported a significant increase in its Q2 2023 revenue. A report filed on Tuesday showed that the…
Arx0nt Like so many small cap stocks, Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has had a rough August 2023. Month to date, through August 21, 2023, the Russell 2000 (IWM) is down 147 points, which translates to a sharp 7.3% decline. August is traditionally a lower volume month and a time for summer vacations. This…
Unchained, a leader in financial services tailored for bitcoin holders, has seen a 170% upsurge in loans backed by bitcoin from the first quarter to the second quarter of 2023, according to a press release sent to Bitcoin Magazine. The company also saw a 88% spike in institutional and corporate accounts, a 67% leap in…
ImagineGolf/E+ via Getty Images “In Fitch’s view, there has been a steady deterioration in standards of (US) governance over the last 20 years, including on fiscal and debt matters. The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management.” -Fitch Ratings, on its recent US credit rating downgrade. The quiet murmur…
The price of Bitcoin is struggling to maintain momentum and has succumbed to several macroeconomic factors over the last week. The price of Bitcoin (BTC) has fallen by more than 11% over the last 7 days as the king coin struggles to maintain the $26,000 level. Unfortunately, a key indicator suggests a continuous bearish trend…
peshkov Listen to the podcast below or on the go via Apple Podcasts or Spotify. Chris DeMuth Jr. returns to talk the state of the markets (2:20) M&A, deal financing and arbitrage. (5:50) Activision, Microsoft, the FTC and why Chris sees the deal closing (15:40) Opportunity today is in energy, especially oil and gas (24:30)…
As Komainu secures Dubai’s VARA license, it can offer a wide range of custody services, including collateral management and institutional staking. Komainu, a crypto joint venture between Nomura, CoinShares and Ledger, has recently secured a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). Last year in November 2022, the joint venture only secured…
Olivier Le Moal We live in volatile times. 2023 looks to be the hottest year on record. Historic droughts and “100-year” floods are almost commonplace, threatening global food supplies. The Russian blockade and destruction of Ukrainian ports are keeping vast quantities of grain, scheduled for developing countries in Africa, off the market. Driven by food…
This is an opinion editorial by Dave Birnbaum, the product director at bitcoin investing platform Coinbits. Bitcoin is becoming increasingly relevant to everyday people as financial crises prompt discussion about how to improve our systems of finance, banking and government spending. Although the prevailing wisdom is that it’s better to get people to just use…
metamorworks In our constant endeavor to find companies ready to launch products and services in the gene therapy space, we come across Vertex Pharmaceuticals (VRTX) and CRISPR Therapeutics (CRSP), which, alongside bluebird bio (BLUE), are penning a new chapter in the story of gene therapy for sickle cell disease. Now, to bring this into context,…
As wage expectations surge to unprecedented heights, economists and policymakers keep a vigilant eye on the broader implications for inflation and monetary policy. A recent employment survey conducted by the New York Federal Reserve has revealed an astonishing surge in US salary expectations for new job opportunities, raising red flags about potential inflationary pressures within…
Lintao Zhang China is in trouble, and it seems that Beijing is running out of options on how to fix the structural problems of its economy which is already on the brink of a deflation. Add to all of this the fact that the foreign capital continues to leave the country en masse and it…
Meanwhile, investors are closely eyeing the natural gas market, where prices experienced a significant surge on Monday. European stock markets displayed a cautious optimism earlier today, building on modest gains that marked the beginning of the trading week. According to reports, the Stoxx 600 index (INDEXSTOXX: SXXP), a broad measure of European stock performance, advanced…
wanderluster We carefully monitor what investors are thinking and doing. This provides insight into what they feel about the market, which is important because over 50% of a stock’s price move is driven by emotion. With the price decline over the last three weeks, market sentiment has rapidly switched from bullish to bearish. We are…
According to the announcement, the palace will be open for exploration from August 25. Popular K-pop girl group Blackpink is teaming up with Roblox, the online gaming platform, to create a unique experience for their fans. The group unveiled plans to launch the Blackpink Palace, a virtual space where fans can explore and interact with…
ewg3D Introduction My bullish investment thesis for Mitsubishi Heavy Industries, Ltd. (OTCPK:MHVYF) predominantly revolves around its expanding defense division in light of escalating geopolitical tensions and nations allocating larger budgets toward military expenditure. MHI’s unique position becomes particularly intriguing due to the Japanese government’s notable commitment to increasing defense budgets in the near future. With…
Although unknown, many believe the Bitcoin wallet may belong to a major crypto exchange moving money around, or asset manager Blackrock Inc. An unknown Bitcoin wallet has become the world’s third-largest BTC holder in only over three months. Members of the entire crypto community are now curious about who owns the wallet and why they amassed that…
Oleksandr Shatyrov In my last article covering Coinbase (NASDAQ:COIN), I focused mainly on what I felt the recent ruling in the Ripple (XRP-USD) case meant for Coinbase’s ongoing lawsuit with the Securities and Exchange Commission. In this article, we’ll look at the latest product offering from Coinbase and estimate to what degree it could generate…
IBM, a pioneer in the field of technology and AI, has been making strategic moves to align with the evolving landscape of artificial intelligence and its impact on the workforce. In a recent interview with CNBC’s “Squawk Box Asia”, IBM (NYSE: IBM) Chairman and CEO Arvind Krishna has revealed the potential impact of Artificial Intelligence…
adventtr/E+ via Getty Images Investment Thesis With the earnings just around the corner, I wanted to take a look at Analog Devices (NASDAQ:ADI) financials and briefly at the outlook for the rest of the year. The company’s financial metrics show a slightly worrying downtrend in profitability, which I think will not last, however, I would…
With the US SEC case against Binance also gathering steam, Binance may be finding it hard to secure banking partners. Binance has publicly announced that SEPA withdrawals will remain available for its European users. The exchange noted that the customer support message on X telling otherwise was “sent in error”. According to the now-deleted customer…
imaginima/iStock via Getty Images Elevator Pitch I continue to rate Envista Holdings Corporation (NYSE:NVST) stock as a Buy. My prior April 20, 2023 initiation article touched on the long term growth prospects for Envista. With this latest update, I write about NVST’s defensive revenue mix and its portfolio transformation potential. Envista’s downside is protected by…
While the BTC and Ether prices try to stabilize, altcoins like XRP, Cardano, Solana, and Polygon continue to extend losses further. Last week, the broader cryptocurrency market entered a sharp correction with the Bitcoin price breaking crucial support levels and falling down to $26,000. Along with Bitcoin, the broader crypto market entered into a steep…
hirun Elevator Pitch I still rate Nerdy, Inc. (NYSE:NRDY) stock as a Buy. My view is that NRDY’s shares can continue to rise on the back of valuation multiple expansion, which explains why I have chosen to retain a Buy rating for the stock. The company’s full growth potential relating to both its Consumer and…
Covid vaccine stocks, including Moderna, BioNTech, and Novavax have all closed higher as new vaccinations and treatments roll out. Makers of Covid vaccines had their stocks climb on Monday following reports that new variants were discovered in the United States. The rise in these stocks coincides with preparation for new immunization sensitization as new Covid…
Robert Way When I wrote about the French cosmetics giant L’Oreal (OTCPK:LRLCY) in October last year, it was clear that its price can rise further. And it hasn’t disappointed. Since then, it’s up by a massive 41%, prompting another look at it to asses if there’s indeed steam left in the stock. Source: Seeking Alpha…
Zoom announced that its Q2 revenue came in at about $1.138 billion, up 3.6 percent YoY. Zoom Video Communications Inc (NASDAQ: ZM) shares closed Monday trading at $67.27, up 1.48 percent from the day’s opening price. The ZM shares continued in gains during the after hours with about 3.79 percent, to trade around $69.82. The…
Jarmo Piironen Easterly Government Properties (NYSE:DEA) improved their debt structure through the paydown of their revolving credit facility. An expected thaw in the transactional markets also enabled positive revisions to full-year guidance. And since a prior update on the stock, shares have traded down to a more attractive valuation. Despite the positive developments, I still…
Arm was acquired by SoftBank in 2016 for $32 billion and expects to return to public trading to compete with other chip designers and manufacturers. British semiconductor and software design company Arm Holdings Limited announced on Monday that it had publicly filed a Form F-1 with the United States Securities and Exchange Commission (SEC) relating…