JHVEPhoto/iStock Editorial via Getty Images A Quick Take On Instacart Maplebear Inc. (CART), known as Instacart, has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm primarily provides last-mile grocery delivery services to the U.S. and Canadian grocery markets. Instacart grew well during…
Tim P. Whitby/Getty Images Entertainment Warner Bros. Discovery, Inc. (NASDAQ:WBD) has had continued weakness since its IPO, with its market cap dropping to below $30 billion. At the same time, the company was caught up in the expensive streaming wars, weakening its position. Despite this, the company has the financial strength to work towards strong…
LifeVantage Corporation (NASDAQ:LFVN) Q4 2023 Earnings Conference Call August 28, 2023 4:30 PM ET Company Participants Reed Anderson – ICR Steve Fife – President and CEO Carl Aure – CFO Conference Call Participants Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to today’s conference call to discuss LifeVantage’s Fourth Quarter and…
Cansortium Inc. (OTCQX:CNTMF) Q2 2023 Earnings Conference Call August 28, 2023 4:30 PM ET Company Participants Robert Beasley – CEO Jeffrey Batliner – CFO Conference Call Participants Russell Stanley – Beacon Securities Operator Good afternoon, ladies and gentlemen, and welcome to Cansortium’s Second Quarter 2023 Conference Call. Joining us today are the company’s CEO, Robert…
Althom Research Brief In today’s analysis, I will be covering Huntington Banchares (NASDAQ:HBAN), which is in the banking sector, and regional banks subsector. It is the parent behind the Huntington National Bank brand. The company had its most recent quarterly earnings result on July 21st, and that will be the reference data used in some…
BryanLever/E+ via Getty Images Intel Corporation (NASDAQ:INTC) is still trying to emerge from its darkest hour. Remember earlier this year when the company reported its largest loss in history. While the company is not dead, it is fighting obliteration, as it is simply behind the curve relative to the competition. Most specifically, with the artificial…
LoveTheWind/iStock via Getty Images The oil market has been stuck in a relatively tight range over the past ten months. The range began when I last covered the crude oil futures ETF (NYSEARCA:USO) with a bullish long-term outlook due to the impending end of the Strategic Petroleum Reserve release. Since November, crude oil has generally…
da-kuk The key surprise out of China in recent weeks was the lack of policy stimulus, with the latest series of rate cuts falling well short of lowered expectations. And with almost all of last month’s economic data already missing expectations by a considerable margin, China’s path toward hitting its +5% growth target this year…
Michael Vi/iStock Editorial via Getty Images In 2022, I covered SkyWest, Inc. (NASDAQ:SKYW) and marked shares a Hold on a challenging operational environment amidst pilot shortages and higher labor costs. The stock performance, however, has been quite favorable, with a nearly 100% return, so you would have seen the value of your investment increase if…
William_Potter By William J. Luther With inflation now much lower than it was a year ago, many pundits are considering where the Federal Reserve should go from here. Nick Timiraos surveys three options in The Wall Street Journal: Option 1: Fed officials can raise rates higher to bring inflation down to 2 percent quickly. Option…
Kevin Frayer China’s leading AI technology and search leader, Baidu, Inc. (NASDAQ:BIDU), demonstrated that its recovery continues despite the stumbles in China’s economic recovery. As such, BIDU has outperformed China’s e-commerce and cloud leader Alibaba (BABA) stock since January 2023, suggesting buyers seem confident about its AI growth prospects. Baidu’s recent second-quarter or FQ2 earnings…
RiverNorthPhotography/iStock Unreleased via Getty Images Getty Realty Corp (NYSE:GTY) is a specialized REIT that focuses on developing, owning or financing single-tenant properties operating in 39 states in addition to DC. Almost 90% of the company’s roughly a thousand properties are gas stations, convenience stores and car wash stations (in many cases all three in one…
Oman disclosed a partnership of $300 million with Abu Dhabi’s Phoenix Group to establish a 150-megawatt crypto mining facility in collaboration with Green Data City. This month in August, the Sultanate of Oman announced some multi-million investments in its crypto mining operations in its recent attempt to embrace digital assets. Reportedly, Oman is pursuing a…
lorozco3D Listen to the podcast below or on the go via Apple Podcasts or Spotify. Alan Brochstein and Julian Lin join us to discuss investing in cannabis stocks and mistakes made along the way (3:00). Why companies should be more aggressive in paying down debt (9:00) Investing timelines and federal legalization (19:00) Cannabis REITs and…
The attacker managed to transfer Dai stablecoins twice. The initial transfer was $636,812, followed by a subsequent transfer of $257,527, aggregating to a total stolen amount of around $900,000. Balancer fell victim to an exploited vulnerability, allowing an attacker to manipulate the protocol for personal financial gain. This exploitation enabled the hacker to abscond with…
AzmanJaka A Quick Take On Neumora Therapeutics Neumora Therapeutics, Inc. (NMRA) as filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The company is a clinical-stage biopharma developing drug treatment candidates for various brain disorders and diseases. NMRA has a strong syndicate of life science…
Apple’s dominance in this arena is further underlined by its complete control over the top shipping models. The first half of the year 2023 witnessed a significant paradigm shift in consumer buying habits, as Apple Inc’s (NASDAQ: AAPL) iPhone 14 Pro Max emerged as the undisputed champion of the smartphone market. According to research firm…
NicoElNino Thesis The Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) is a closed-end fund. The vehicle falls in the buy-write category, designed to replicate the Nasdaq 100 Index, while overlaying call options on top of the portfolio. The fund managers have latitude in terms of written call options, being able to sell calls on 35%-75%…
The Indian billionaire highlighted during Reliance’s annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock. Jio Financial Services Ltd (India, Bombay: 543940), a subsidiary of Mukesh Ambani-run Indian conglomerate Reliance Industries Ltd (India, Bombay: 500325), is officially expected to enter the merchant lending and insurance industries. The…
LewisTsePuiLung Listen below or on the go on Apple Podcasts and Spotify Property developer China Evergrande loses 80% of its value as it resumes trading. (0:15) Under Armour (UAA) gets a vote of confidence. (2:05) Danaher to pay $5.7B for UK’s Abcam. (2:56) This is an abridged transcript of the podcast. Our top story so…
Chainalysis’ head of investigations doesn’t seem to have a great understanding of whether her company’s flagship software even works. Elizabeth Bisbee, head of investigations at Chainalysis Government Solutions, testified she was “unaware” of scientific evidence for the accuracy of Chainalysis’ Reactor software used by law enforcement, an unreleased transcript of a June 23 hearing shared…
Morsa Images Trulieve’s (OTCQX:TCNNF) stock saw an impressive 311% gain between its IPO and its 2021 peak. However, since then, it has lost over 90% of its value. This decline sparked my curiosity, prompting me to delve deeper into the stock to determine the potential for a turnaround. While I don’t dismiss the possibility of…
The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio. A crypto wallet associated with the 1inch Investment Fund has purchased a significant portion of Ethereum (ETH) worth around $10 million. The wallet, known for its calculated moves, acquired 6,088 ETH at $1,655. The move comes shortly…
tacojim By Joseph V. Amato A potential U.S. auto strike has significant implications for the economy, earnings and inflation. While there’s been ample focus on the recent upward move in interest rates, economic resilience and second-quarter earnings, one issue that may be getting short shrift from investors is the potential impact of a U.S. auto…
The newest issue of Bitcoin Magazine is now available for purchase. Called “The Withdrawal Issue,” this limited edition print collectible finds some of the world’s best Bitcoin journalists exploring the current issues in the U.S. banking system, including the most recent regional bank failures caused by reckless actions at the Federal Reserve. The front and…
Laurence Dutton Investment Rundown There hasn’t been any lack of growth on the side of The Gorman-Rupp Company (NYSE:GRC) recently as the company beat out strongly on EPS estimates for their last quarter. The company showcased to investors that despite ongoing macro headwinds they are very much able to grow still. The question arises of…
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges. OKX and Bybit appear to have followed in the footsteps of Binance in a recent move that saw the exchanges de-list two Russian banks from their accepted payments option. As seen on both exchanges, Tinkoff…
vzphotos Investment thesis Micron Technology (NASDAQ:MU) has been attracting attention, disproportionately to its size, among big money managers lately. As you can see from the chart below, MU is now the top 34th stock most held by super-investors tracked by DATAROMA. It represents about 0.38% of the portfolio held by these investors. To provide a…
At the heart of this transformation lies Axelar’s innovative Satellite Bridge, a technology that simplifies the transfer of assets between different blockchain networks. Orbs, a leading blockchain infrastructure project has announced a strategic partnership with Axelar to introduce its tokens into the Arbitrum ecosystem. This strategic expansion is poised to offer users a more streamlined…
JHVEPhoto Before we begin, let’s play a little game. What’s the first thing (or word) that comes to your mind when I mention the subject of this article, The Walt Disney Company (NYSE:DIS)? Go. You got 5 seconds. 5, 4, 3, 2, 1. I’d bet these were some of the words you thought of: Mickey,…
The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape. Crypto-friendly investment platform Robinhood (HOOD) has quietly accumulated a substantial amount of Bitcoin (BTC) holding, positioning itself as the third-largest BTC holder in the industry. Over the past few months, an unknown wallet address has been…
Daniel Grizelj/DigitalVision via Getty Images The conundrum dividend investors often face is whether to invest in high yield stocks or low-yielding stocks with fast dividend growth. This goes for both accumulators (workers) and withdrawers (retirees). All else being equal, the core question is this: Would you rather accumulate more shares over time or have fewer…
This is an opinion editorial by Enza Coin, a Bitcoin-focused investor and content creator. Of all countries on Earth, the formerly-named Yugoslavia best reflects all of the prime examples of what Bitcoin “fixes.” I was born there — grew up, started school and even had my first job there before moving abroad. Now, I have…
JamesBrey Over the past 18 months, REITs (VNQ) have seen their share prices crash even as their dividends remained stable or even increased: Data by YCharts As a result, dividend yields are now historically high with some high-quality REITs yielding as much as 8%. And that’s not all. I would add that: REIT dividend payout…
Transactions on Friend.tech fell by over 90% from its peak on August 21. Social token-driven platform, Friend.tech has seen its key metrics decline in less than a month of launch. The crypto platform was the buzz in the cryptocurrency space only days ago. Now, critics claim the metrics suggest a project on the verge of…
blackred/iStock via Getty Images Overview Many market participants sense an inflection point is near. The dollar settled last week beyond key levels against several major currencies, bolstered by higher short-term US rates. The market is aware that the Bank of Japan could intervene in the foreign exchange market with the trading near its best levels…
The company said the acquisition is expected to enhance its market share and foster synergy with its existing products, ultimately boosting its overall competitiveness. BYD Electronics, the electronics division of the Chinese automaker BYD, has reached a deal with the US company Jabil Inc to purchase its manufacturing business in China. According to an announcement…
PM Images The stock market is starting to cool off, as expectations for high interest rates may last a little longer. That has opened up just a little bit more of an opportunity in the stock market, giving more of a discount to dividend stocks. Putting together a dividend stock watch list each month is…
Robert Giroux I advise investors to build a well-diversified portfolio (built on a foundation of the S&P 500) and to hold it through the market’s up-n-down cycles. In my opinion, such a portfolio should have strong exposure to software stocks. Today, I’ll explain why that is the case, and why the iShares Expanded Tech-Software Sector…
Huge stock selling for the China’s Evergrande Group trigged on Monday, as trading for the stock started a month after the real estate giant filed for the US bankruptcy. On Monday, August 28, shares of the Chinese real estate giant – the China Evergrande Group – tanked as much as 87% as the trading for…
Michael Vi E-commerce giant JD.Com Inc. (NASDAQ:JD; 9618.HK) announced its second-quarter results on Aug. 16, including a 7.6% year-on-year rise in revenue to 287.9 billion yuan ($39.5 billion), and a 31.9% jump in adjusted profit to 8.6 billion yuan, both exceeding market expectations. Among its business segments, electronics and home appliances performed strongly, with revenue…
Bitcoin mining revenue is now just $0.060 per terahash per second per day. The mining revenue, otherwise called the hash price, of Bitcoin has dropped to levels not seen since FTX collapsed last November. This was when the BTC price fell to a market cycle low of around $16,500. As it were, hash price measures…
MARHARYTA MARKO Note: All currencies are denominated in EUR unless otherwise stated. Usually, when I see a company trading at low multiples or below its average valuation, it can take me more or less time, but I find the explanation. Sometimes it is because of low-quality business, it can also be because of circumstantial reasons,…
With the infusion of assets and insights from Didi, Xpeng is seizing the opportunity to develop an affordable electric car under a new mass market brand, codenamed “MONA”. Renowned Chinese electric car manufacturer XPeng Inc (HK: 9868) has witnessed its shares rise to 13% within hours of announcing its intention to acquire Didi‘s smart electric…
LeoPatrizi Elevator Pitch My Hold investment rating for KT Corporation (NYSE:KT) [030200:KS] shares remains as a Hold. With my earlier June 15, 2023 article, I previously wrote about the “uncertainty regarding (the new) CEO appointment” for KT. I outline the main positives and negatives associated with KT Corporation in this current update, taking into account…
SBF’s defense team argued that their client would need a laptop with access to internet to review the long pile of documents produced during the discovery. Lawyers representing Sam Bankman-Fried have been demanding his “temporary release” or a relief of five days a week release in order to prepare for the defense trial ahead in…
DSCimage The Company Mirion Technologies (NYSE:MIR) is a $1.6-billion market cap Atlanta-based firm that provides radiation detection and monitoring products in the Medical and Industrial sectors. The Medical segment [34.5% of total sales] offers solutions for radiation therapy quality assurance, patient safety, and nuclear medicine applications. The Industrial part [65.5% of total sales] focuses on…
shih-wei Originally posted on August 26, 2023 In this weekly outlook, I examine the asset classes, sectors, equity groups, ETFs, and individual stocks that are leading the market higher, and which market segments are lagging behind. By keeping an eye on the leaders and laggards, we can get a sense of where the big money…
FG Trade/E+ via Getty Images Investment action Based on my current outlook and analysis of TransDigm Group (NYSE:TDG), I recommend a hold rating. While I really like the business, growth momentum, and capital allocation policies, I am not in favor of investing at the current valuation. The stock has done really well this year, putting…
BBuilder This economic data template published by Briefing.com is a useful tool for preparing for the coming economic data each week. Here’s all the expected economic data for the week of 8/28/23 through 9/1/23. On Friday, September 1, ’23, the August nonfarm payroll report will be released and consensus expectations are looking for 160,000-180,000 net…