Deagreez September is usually the worst month for stocks, and I’ve explained why this is a seasonal effect from America’s farming past. Daily Shot But of course, every month is different, and while no single month will make or break your portfolio, it’s always smart to buy smart things to maximize the chances of great…
Aside from Hong Kong, SEBA will also seek additional licensing in Singapore as it continues its push in the Asia Pacific region. The Swiss bank SEBA has received approval in principle for its regional subsidiary – SEBA Hong Kong. The bank received its license from the Hong Kong Securities and Futures Commission (SFC). Unlike China,…
Velishchuk Listen below or on the go on Apple Podcasts and Spotify Grayscale wins court ruling over SEC’s denial of Bitcoin ETF; Coinbase (COIN) jumps. (00:28) Hurricane Idalia may lift construction stocks in shorter term: Citibank. (01:58) Planet Fitness (PLNT) expands pricing pilot to more states. (03:06) This is an abridged transcript of the podcast….
While the exact start date of Tether’s partnership with the bank remains undisclosed, the crypto-focused company has historically been discreet about its banking relationships. Tether, the cryptocurrency giant behind the world’s largest stablecoin, USDT, has forged a new banking alliance with the Britannia Bank & Trust, a private financial services company based in the Bahamas….
kschulze/iStock via Getty Images Taylor Morrison Home Corporation (NYSE:TMHC) is a stock that lies at the heart of counter-acting trends in US housing. Higher rates matter for the home buyer, but US demographics are pretty strong, especially in destinations that are tax and living cost favourable. The current housing supply is insufficient, and S/D dynamics…
Redwood Materials said that it’s committed to the use of recycled materials, and will also engage in refining and manufacturing activities. On Tuesday, August 29, the battery and e-waste recycling startup Redwood Materials raised a staggering $1 billion in the latest funding round to expand the recycling operations in the US. Former Tesla Chief Technology…
NanoStockk/iStock via Getty Images The logistics and warehouse automation space has certainly had its ups and downs over the last few years. While the pandemic significantly accelerated a lot of automation plans and gave what I believe will be a lasting boost to e-commerce, the reality is that many companies today are taking a more…
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. In a remarkable turnaround, the Nasdaq Composite (INDEXNASDAQ: .IXIC) gained more than 1% on Tuesday. Amidst global concerns about inflation, rising interest rates, and supply chain disruptions, the index managed to reclaim lost ground, providing a glimmer of…
thitivong Original Post By Stuart Burns Buyers who depend on imports for semi-finished materials or finished components will undoubtedly cheer the recent fall in freight rates. Indeed, global logistics costs peaked in late 2022. Now, buyers will soon see relief from the historic highs of the COVID-induced ocean freight-feeding frenzy. Indeed, few will shed a…
The move by Rhode Island regulators comes mere weeks after X acquired money transmitter licenses in Michigan, Missouri, and New Hampshire. Social media site X, formerly known as Twitter, has secured a license that would allow it to facilitate cryptocurrency payments and trading in the United States. According to Nationwide Multistate Licensing System data, the…
onurdongel/E+ via Getty Images Investment Thesis Global Business Travel Group (NYSE:GBTG) has underperformed in 2023 and stock prices are down by about 3%. However, I believe a stock has the potential for upside based on revenue growth driven by transaction growth from broad-based customers across the industry, strong improvement in operational efficiency reflected from margin…
The court ruled that the SEC failed to provide sufficient evidence as to why Grayscale’s application to convert its Bitcoin Trust to a spot ETF was denied while the agency approved a futures ETF. The hopes for a regulated product that tracks the spot Bitcoin price in the United States were rejuvenated on Tuesday after…
Robert Way Chinese electric vehicle maker XPeng (NYSE:XPEV) announced on Sunday that it was acquiring DiDi Global (OTCPK:DIDIY)’s smart vehicle unit which could potentially result in XPeng moving faster into high-volume production of electric vehicles. XPeng only recently announced a $700M investment/collaboration partnership with German car brand Volkswagen which is meant to share development costs…
The investment bank first made a bet on C6 in June 2021 when it bought its initial stake. JPMorgan Chase & Co (NYSE: JPM) has added to its equity stake in Brazilian digital bank C6, bringing it from 40% to 46%. Per a Reuters report, the update was shared in a joint statement by both…
TU IS/iStock via Getty Images Dear Partners and Friends, Our partnership recorded a gain of +17.1% net of all fees, expenses, and allocations for the quarter ending June 30, 2023. Over the same period, the S&P 500 (SP500, SPX) recorded a gain of +8.7% including dividends. Period1 Partnership Returns1,2 S&P 500 Returns1,3 Q3 2021 9.5%…
NongAsimo 2023 Review The second half of the year kicked off nicely for the Dividend Aristocrats, in July the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) ticked up 2.59%. This good start was short lived as all of the July gains have been lost in August as the overall market is slipping. Year-to-date through month-end…
mcsilvey Griffon Corporation (NYSE:GFF) provides home and building products worldwide. GFF posted disappointing Q3 FY23 results. I will review its Q3 FY23 results in this report. The housing market in the U.S. is not doing great, and I think this might affect the company. In addition, its growth hasn’t been impressive compared to its peers….
Galeanu Mihai Limbach Holdings, Inc.’s (NASDAQ:LMB) recent quarterly report presents a nuanced blend of stability and uncertainty in its changing financial landscape. The net realizable value of contract assets and liabilities has decreased, which could indicate more efficient revenue generation or claims settlement. While Limbach plans to resolve most of these assets and liabilities shortly,…
Zorica Nastasic/E+ via Getty Images Let’s face it. The significant decline in the value of many bank stocks during the latest banking crisis is going to leave a lasting impression on the appeal of investing in banks for the latest generation. And this is nothing new. Just a decade and a half earlier we had…
sbelov Summary Following my coverage of Lumentum Holdings (NASDAQ:LITE), I recommended a hold rating due to my expectation that gross margins would be negatively impacted by lower gross margins in the coming quarters. This post is to provide an update on my thoughts on the business and stock. I reiterate my hold rating, as I…
LexinFintech Holdings Ltd. (NASDAQ:LX) Q2 2023 Earnings Conference Call August 29, 2023 10:00 PM ET Company Participants Mandy Dong – Director of Investor Relations Jay Xiao – Chief Executive Officer Jared Wu – President James Zheng – Chief Financial Officer Conference Call Participants Frank Zheng – Credit Suisse Alex Ye – UBS Yada Li –…
Boarding1Now Dear readers, I’ve been cautious about TUI (OTCPK:TUIFF) for the past few articles, going from a SELL rating to a “BUY”, but definitely one of the more speculative varieties in terms of how I usually rate companies. While the travel and vacation sector is not in any way an unattractive sector, it nonetheless comes…
golero/E+ via Getty Images At the August 22-24 BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments, which are currently dominated by the U.S. dollar and other global convertible currencies. Like China and the other BRICS, several…
Sibanye Stillwater Limited (NYSE:SBSW) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET Company Participants Neal Froneman – CEO Richard Stewart – Chief Regional Officer, Southern Africa Charles Carter – Chief Regional Officer, Americas Grant Stuart – Head, Recycling Mika Seitovirta – Chief Regional Officer, Europe Robert Van Niekerk – Chief Technicaland Innovation…
SeventyFour/iStock via Getty Images Introduction Canadian death care services provider Park Lawn Corp (TSX:PLC:CA) (OTCPK:PRRWF) is on stock watchlist and I’ve written two articles about the company on SA so far. The latest of them was late April and back then I said that Park Lawn was likely to achieve its 2026 goals of adjusted…
Donaldson Company, Inc. (NYSE:DCI) Q4 2023 Earnings Call Transcript August 29, 2023 10:00 AM ET Company Participants Sarika Dhadwal – Director of IR Tod Carpenter – Chairman, CEO and President Scott Robinson – CFO Conference Call Participants Bryan Blair – Oppenheimer Nathan Jones – Stifel Brian Drab – William Blair Rob Mason – Baird Operator…
Box, Inc. (NYSE:BOX) Q2 2024 Earnings Conference Call August 29, 2023 7:30 PM ET Company Participants Cynthia Hiponia – Vice President, Investor Relations Aaron Levie – Co-Founder and Chief Executive Officer Dylan Smith – Co-Founder and Chief Financial Officer Conference Call Participants Brian Peterson – Raymond James Josh Baer – Morgan Stanley Chad Bennett –…
Hewlett Packard Enterprise Company (NYSE:HPE) Q3 2023 Earnings Conference Call August 29, 2023 4:30 PM ET Company Participants Jeff Kvaal – Head of Investor Relations Antonio Neri – President and Chief Executive Officer Jeremy Cox – Interim Chief Financial Officer Conference Call Participants Simon Leopold – Raymond James Aaron Rakers – Wells Fargo Meta Marshall…
TERADAT SANTIVIVUT Bear markets will wear you out if they don’t scare you out. We are coming up on the first anniversary of the S&P 500’s 3491 bottom. It was just 12 months ago when investors were unnerved by Fed Chair Jay Powell’s short and stern 8-minute message at the 2022 Jackson Hole Economic Symposium….
Zhanna Hapanovich By Sandrine Soubeyran and Robin Marshall, Global Investment Research, FTSE Russell Euro high yield (HY) credits have outperformed Euro investment grade (IG) corporate bonds, and those of other regions, both in July and since the beginning of the year. The FTSE Euro High Yield Bond index was up 1.3% and 6.5% respectively in…
Love Employee/iStock via Getty Images Topline Summary ADC Therapeutics (NYSE:ADCT) is a small-cap commercialized biotech with an approved antibody-drug conjugate in lymphoma. While they’ve had many setbacks, their cash on hand and recent encouraging clinical data outside of their main flagship product provides some direction for the future and time to accomplish it. They are…
Tarena International, Inc. (NASDAQ:TEDU) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET Company Participants Sylvia Yang – IR Manager Nancy Ying Sun – CEO Xiaobo Shao – CFO Conference Call Participants Operator Good day, everyone, and welcome to the Tarena Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event…
adventtr Legendary investor Howard Marks of Oaktree Capital Management famously wrote in a 2014 memo to clients titled Dare To Be Great II that “most great investments begin in discomfort.” While he was at the time referring to his firm’s focus on distressed debt – which has proven to be a highly successful strategy over…
metamorworks A Quick Take On Patria Investments Patria Investments Limited (NASDAQ:PAX) went public in January 2021, raising approximately $512 million in gross proceeds in an IPO that priced at $17.00 per share. The firm provides investors with access to alternative investment opportunities throughout Latin America. I previously wrote about Patria with a Hold outlook. I’m…
champpixs/iStock via Getty Images QDEF strategy and portfolio FlexShares Quality Dividend Defensive Index Fund ETF (NYSEARCA:QDEF) started investing operations on 12/14/2012 and tracks the Northern Trust Quality Dividend Defensive Index. It has 129 holdings, a distribution yield of 2.71% and an expense ratio of 0.37%. Distributions are paid quarterly. As described in the prospectus by…
Marat Musabirov Pioneer High Income Fund, Inc. (NYSE:PHT) is a high-yielding closed-end bond fund, or CEF, that investors can use to obtain a high level of income today. This is immediately apparent in the fund’s 9.69% current yield. As I pointed out in my last article on this fund, investors need additional income today in…
Blue Planet Studio A Quick Take On Klaviyo, Inc. Klaviyo, Inc. (KVYO) has filed to raise $100 million in an IPO of its Series A common stock, according to an SEC S-1 registration statement. The firm operates a software-as-a-service (“SaaS”) platform to help online marketers better communicate with customers and prospects. Klaviyo, Inc. is growing…
Parradee Kietsirikul/iStock via Getty Images Investment Thesis Uranium Energy Corp. (NYSE:UEC) has been on a rocky path over the past twelve months. Indeed, in the interest of transparency, I’ve been recommending this stock through all its vicissitudes as investors’ attention turned away from the uranium sector. However, in the past several months, interest has once…
Rhode Island has officially approved a license requested by Twitter Payments LLC, X’s payment branch, to be able to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. The currency transmitter license is required for companies who want to perform these activities related to Bitcoin and crypto on behalf of its users. This…
tracielouise/E+ via Getty Images DRDGold Limited (NYSE:DRD) has presented its investors with total returns north of 60% since the turn of the year amid strengthening gold prices and idiosyncratic progression. Although many of DRD’s investors might wonder whether it is time to cash out, we believe the asset presents a lucrative profile in today’s economy,…
SimonSkafar There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” Jesse Livermore. Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” Sir John Templeton. A…
Eoneren Grayscale Investments LLC got a green light from a federal court to launch the first Bitcoin exchange-traded fund in the US, a watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors. –Bloomberg News, on today’s GBTC ruling. After a lengthy court battle, the U.S. Court of Appeals ruled…
RIV Capital Inc. (OTCPK:CNPOF) Calendar Q2 2023 Earnings Conference Call August 27, 2023 8:00 PM ET Company Participants Mike Totzke – COO and Interim CEO Matt Mundy – Chief Strategy Officer and General Counsel Eddie Lucarelli – CFO Conference Call Participants Operator Hello, and welcome to RIV Capital’s earnings conference call for the three months…
PixelsEffect August 28 ended up being a really fascinating day for shareholders and market watchers of hotel operator Hersha Hospitality Trust (NYSE:HT). Shares of the company spiked, closing up 55.9% at $9.79 after news broke that KSL Capital Partners had agreed to acquire the company in an all-cash deal valuing the firm, on an enterprise…
Apollo.io has grown to a respectable B2B platform with over 3 million global customers hence its revenue up more than nine times in the past two years. Leading all-in-one sales intelligence platform Apollo.io has announced the closure of its Series D funding round with about $100 million secured. According to the announcement, the just concluded…
JHVEPhoto Investment Thesis Newell Brands (NASDAQ:NWL) has been steadily moving downwards for many years now and has recently reached levels it hasn’t seen since ’09. I wanted to take a look at the company’s financials and its outlook to see what the ideal risk/reward for me would be to enter into a position in NWL….
The Bank of Nova Scotia (NYSE:BNS) Q3 2023 Earnings Conference Call August 29, 2023 8:15 AM ET Company Participants John McCartney – Head of Investor Relations Scott Thomson – President and Chief Executive Officer Raj Viswanathan – Chief Financial Officer Phil Thomas – Chief Risk Officer Dan Rees – Canadian Banking Glen Gowland – Global…
Today, it was announced that the DC Circuit court of appeals is vacating SEC’s denial of Grayscale’s $GBTC conversion into a spot Bitcoin ETF. “We agree,” said Circuit Judge RAO. “The denial of Grayscale’s proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products. We therefore grant Grayscale’s petition and…
Torsten Asmus Leading business development company, or BDC, Main Street Capital (NYSE:MAIN) investors have done well since the bottom from the massive fear-induced selloff that led to a capitulation in mid-October 2022. Based on a total return basis, MAIN has outperformed the S&P 500 (SP500) since my initial article in September last year. Notwithstanding the…
Binance discontinues support for Venezuela’s Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. On August 28th, the cryptocurrency exchange Binance ceased its support for Banco de Venezuela, one of the largest banks in Venezuela, which holds 60% of the country’s total banking assets. The measure was announced by several users,…