Bloomin’ Brands, Inc. (NASDAQ:BLMN) Q2 2023 Earnings Call Transcript August 1, 2023 8:15 AM ET Company Participants Tara Kurian – VP, Corporate Finance David Deno – Chief Executive Officer Chris Meyer – Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Alex Slagle – Jefferies John Ivankoe – JPMorgan Sharon…
Meanwhile, Google is not alone in its pursuit of enhancing AI-powered virtual assistants. Google is gearing up for a significant upgrade to its virtual personal assistant, Google Assistant, designed to help users perform simple tasks on their smartphones. The company plans to upgrade the product using advanced generative AI technology to improve its capabilities. According…
Zebra Technologies Corporation (NASDAQ:ZBRA) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Mike Steele – VP, IR Bill Burns – CEO Nathan Winters – CFO Joe Heel – CRO Conference Call Participants Tommy Moll – Stephens Damian Karas – UBS Jim Ricchiuti – Needham & Company Meta Marshall – Morgan…
The implications of this judgment are significant for both Terraform and the broader ecosystem. Terraform Labs, and its founder, Do Kwon, are facing a major setback as US District Judge Jed Rakoff has reportedly ruled against their motion to dismiss fraud allegations brought forth by the US Securities and Exchange Commission (SEC). SEC Allegations against…
imaginima Introduction Back in April, I was quite charmed by Prysmian’s (OTCPK:PRYMY) (OTCPK:PRYMF) financial performance. Although the company is a world leader in submarine cables, its valuation was very reasonable as the stock was trading at just around 8 times EBITDA. That’s relatively low, especially knowing Prysmian has been scoring multiple new contracts in the…
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction. Wells Fargo Treasury manager Shannon Thorp predicts that XRP will hit between $100 and $500 over the coming four to seven months. This comes following Ripple Labs’ victory over the United States Securities and…
SCStock Introduction At our Conservative Income Portfolio service, we cover the universe of preferred stocks, term preferred stocks, baby bonds, and traditional bonds. Generally, we consider the safety of utmost performance as we look to find the highest yielders that also offer a strong level of safety. We also focus on securities that not only…
BTC Inc., the leading provider in Bitcoin-related news and events, has announced that Marathon Digital Holdings, Inc. (NASDAQ:MARA), a prominent player in bolstering and securing the Bitcoin ecosystem, has inked a continued sponsorship deal, reaffirming its status as the main sponsor of The Bitcoin Conference for the next four years. The partnership entails Marathon’s prominent…
Sirius XM Holdings Inc. (NASDAQ:SIRI) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Hooper Stevens – SVP-IR and Finance Jennifer Witz – CEO Tom Berry – CFO Scott Greenstein – President and Chief Content Officer Conference Call Participants Steven Cahall – Wells Fargo Jessica Reif Ehrlich – Bank of America…
The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin Market Dynamics The goal of this article is to zoom out and highlight some…
Matteo Colombo Investment thesis Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been one of the hottest stocks of the last decade, with a cumulative return above 1800%. The company has demonstrated impressive financial performance over the past decade and is well-positioned to sustain solid revenue growth and profitability metrics expansion over the next decade. The balance…
Officially out of beta, Bitcoin Magazine is excited to make public its new over-the-counter service, Rare B.TC, which enables users to buy and sell rare sats – bitcoins that have a history or provenance that makes them more valuable to collectors – as well as rare inscriptions. Today, finding rare bitcoins can be difficult. There’s a patchwork…
ipuwadol/iStock via Getty Images By Mike Clark, Consulting Actuary Key considerations for defined benefit (DB) pension plan sponsors looking to save on Pension Benefit Guaranty Corporation (PBGC) insurance premiums in 2023. Defined benefit (DB) pension plan sponsors looking to save on Pension Benefit Guaranty Corporation (PBGC) insurance premiums in 2023 may find wisdom in the…
Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced the opening of three new data centers in South Carolina’s Western region. This expansion is part of the company’s strategy to establish a stronger presence within the United States, as currently, GDA accounts for 2% of the total hash rate of…
Brandon Bell/Getty Images News AT&T (NYSE:T) recently announced another batch of earnings. The company, with its $100 billion market capitalization, now has a dividend yield pushing 8%. That, combined with its dividend yield, the recent lead crisis, which we discuss here, and the potential of associated costs, has resulted in consistent concern about the company’s…
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. On Tuesday, August 1, oil giant British Petroleum (LON: BP) reported a 70% drop in profits for Q2 2023 on the backdrop of weaker fossil fuel prices. BP in Q2 2023 BP, the…
hapabapa Investment Thesis I have been quite bullish on Intel (NASDAQ:INTC) since the stock reached and even went below the $30 level nearly a year ago – even without having to require any overly ambitious financials besides returning back to pre-downturn numbers: Intel Stock Bottomed And There Is Upside Potential. In the wake of the…
This is an opinion editorial by Moon, a Bitcoin Maximalist, writer and practitioner of capoeira. Capoeira, often superficially described as “dance-fighting,” is a self-defense style that arose organically out of the forced melding of cultures between different African peoples enslaved in Brazil in 18th and 19th centuries (though its history is likely older than this)….
arild lilleboe Introduction The Norwegian-based Equinor ASA (NYSE:EQNR) reported its second quarter 2023 results on July 26, 2023. Note: This article updates my article published on June 10, 2023. I have followed EQNR on Seeking Alpha since January 2017. This article discusses the company’s recent history, including the second-quarter earnings. As I said in my…
The news of a possible FTX reboot resulted in a 10% spike in FTX’s FTT token to reach a high of $1.59. Defunct cryptocurrency exchange FTX is looking to reorganize and continue services for customers outside the United States. FTX Group filed a draft creditor repayment plan on Monday that in addition to restarting the…
Ihor Lukianenko Wall Street is partying, celebrating what is increasingly looking like a soft landing, kind of. YCharts Is there news to justify this? Yes, in a way. The economy is proving more resilient than expected, with Q2 GDP just benign revised up from 2% to 2.6%. Daily Shot The economy is growing so strongly…
According to the Worldcoin team, the project was fully compliant with European data rules and was supervised by the Bavarian State Office for Data Protection Supervision. Last week, OpenAI CEO Sam Altman announced the launch of Worldcoin (WLD) – a crypto project that aims to establish universal access to the global economy regardless of country…
maybefalse/iStock Unreleased via Getty Images Alibaba (NYSE:BABA) is trading at close to its lowest PS ratio which shows that Wall Street is overlooking the growth potential in a number of segments. In the year ago quarter, Alibaba reported its first YoY revenue decline of 2.5%. Regulatory and macroeconomic challenges in the pandemic caused this decline….
The Digital Currency Group has hinted that they could be making creditor payments for Genesis Global soon and plan to resolve all the claims. Crypto giant Digital Currency Group (DCG) has recently given its second-quarter financial update telling shareholders that they are pretty close to resolving the claims in the Chapter 11 bankruptcy case involving…
Just_Super Welcome to the nickel miners news for July. The past month saw some nickel price improvement but also saw renewed calls for an oversupply in 2023, albeit with some forecasting China nickel demand to improve from stainless steel and EVs. Nickel price news As of July 31, the nickel spot price was USD 9.71,…
Mash, a Lightning-enabled micropayments project focused on content monetization, has announced their Lightning Bitcoin Wallet is entering Beta and available for download now. In order to bypass potential app store censorship – a precedent set with Apple’s App Store and Nostr client Damus – Mash has enabled download of their progressive web-app straight from your…
skynesher/E+ via Getty Images By Carsten Brzeski German unemployment increased by 62,000 in July, raising the number of unemployed to 2.617 million. The seasonally adjusted unemployment rate, however, dropped to 5.6%, from 5.7% in June. For those who want to find some sign of weakening in the labour market, today’s report brought some reassurance: the…
Meta has encountered a slew of setbacks in the past year, casting doubt on its future prospects. In a stunning display of market resilience and investor confidence, Meta Platforms Inc (NASDAQ: META) has achieved a remarkable feat, climbing 11% in July and securing its ninth straight month of gains. This incredible run represents Meta’s longest…
Florence and Joseph McGinn/iStock via Getty Images We are now in the midst of second-quarter earnings announcement season. Many of our stocks are already exhibiting relative strength, which is a sign that money is gravitating to those companies that will post the strongest quarterly results and the best future guidance. We are in the midst…
Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities. Tether Limited Inc, a sister crypto company to Bitfinex digital asset exchange owned by iFinex Inc, announced its Q2 2023 financial results on July 31. According to the company’s financial results compiled by BDO accounting…
primeimages Article Purpose In June 2022, I wrote an article criticizing the Vanguard Small-Cap Growth Index Fund ETF Shares (NYSEARCA:VBK) and suggested growth investors select the higher-quality Invesco QQQ ETF (QQQ) instead. At the time, about one-third of VBK’s constituents were not profitable, so its already-rich 29.18x forward earnings valuation was understated. Since then, VBK…
thad By David Brady Although most of us were focused on the Fed and the ECB commentaries this week, neither provided anything new or unexpected. It took the following extremely surprising “data” to shake things up. US GDP Grew An Unexpectedly Hot 2.4% In Q2 Despite Fed’s Aggressive Tightening Campaign “The Housing Recession Is Over”:…
Heineken NV (OTCQX:HEINY) Q2 2023 Earnings Conference Call July 31, 2023 7:00 AM ET Company Participants Federico Castillo Martinez – Director, IR Dolf van den Brink – Chairman & CEO Harold van den Broek – CFO Conference Call Participants Edward Mundy – Jefferies Trevor Stirling – Bernstein Simon Hales – Citigroup Richard Withagen – Kepler…
sturti Summary Following my coverage on Randstad (OTCPK:RANJF), which I recommended a hold rating until there is an improvement in the overall operating environment. This post is to provide an update on my thoughts on the business and stock. I reiterate my hold rating as I await the next 2 quarters to confirm the trend…
-slav- By James Knightley, Chief International Economist Banks tighten lending conditions across the board The Federal Reserve’s efforts to bring inflation under control appear to be bearing fruit based on recent core inflation prints coming in at 0.2% month-on-month, although the US remains some way off from the 2% year-on-year target. The Fed has hiked…
Kativ The past year has seen one of the most aggressive rate hiking cycles in the Fed’s history and has left the investment case for cash as strong as it has even been. Periods of high interest rates have tended to occur alongside periods of strong return prospects for a mixed portfolio of stocks and…
Sakorn Sukkasemsakorn After a rough beginning to earnings season, the peak season got off to an impressive start last week, with many highly-anticipated companies reporting better-than-expected results. Big tech in particular led the rally last week, with the Nasdaq Composite closing nearly 2% higher by Friday. While Microsoft (MSFT) surpassed expectations on the top and…
Yum China Holdings, Inc. (NYSE:YUMC) Q2 2023 Earnings Conference Call July 31, 2023 8:00 PM ET Company Participants Michelle Shen – Director of Investor Relations Joey Wat – Chief Executive Officer Andy Yeung – Chief Financial Officer Conference Call Participants Michelle Cheng – Goldman Sachs Group, Inc. Brian Bittner – Oppenheimer & Co. Chen Luo…
Justin Sullivan/Getty Images News Overstock.com (NASDAQ:OSTK) serves as a stark reminder of how reality doesn’t always align with hype. The company’s history is marked by missteps, including internal management issues and its foray into cryptocurrencies and blockchain technology. Consequently, Overstock’s stock price has been on a rollercoaster ride over the past seven years, facing significant…
Erste Group Bank AG (OTCPK:EBKOF) Q2 2023 Earnings Conference Call July 31, 2023 3:00 AM ET Company Participants Thomas Sommerauer – IR Willi Cernko – CEO Stefan Dörfler – CFO Alexandra Habeler-Drabek – CRO Conference Call Participants Mehmet Sevim – JPMorgan Mate Nemes – UBS Benoit Petrarque – Kepler Johannes Thormann – HSBC Gabor Kemeny…
anyaberkut Thesis Review I have had a ‘buy’ rating on Ares Capital (NASDAQ:ARCC) since early July. Since publication of my last article on the stock, this pick has slightly underperformed the S&P500 (SPY) (SPX) (VOO) by +2.03%. Now, after reviewing the Q2 FY23 results and commentary, I am downgrading my stance to a ‘Neutral/Hold’ for…
gopixa Written by Nick Ackerman, co-produced by Stanford Chemist. BlackRock Enhanced International Dividend Trust (NYSE:BGY) carries some of the lowest U.S. exposure to diversified global funds that I’ve covered. Even with a closed-end fund that has a “global” focus, they can often carry 50% or more in U.S. exposure. That could set up BGY to…
Start Time: 16:30 January 1, 0000 5:05 PM ET PetMed Express, Inc. (NASDAQ:PETS) Q1 2024 Earnings Conference Call July 31, 2023, 16:30 PM ET Company Participants Matt Hulett – CEO and President Christine Chambers – CFO Brian Prenoveau – MZ Group, IR Conference Call Participants Ryan Meyers – Lake Street Capital Markets Anthony Lebiedzinski –…
Gaia, Inc. (NASDAQ:GAIA) Q2 2023 Earnings Conference Call July 31, 2023 4:30 PM ET Company Participants Jirka Rysavy – Founder, Chairman & CEO Ned Preston – CFO Conference Call Participants Mark Argento – Lake Street Capital Markets Thierry Wuilloud – Water Tower Research Operator Good afternoon, everyone, and thank you for participating in today’s conference…
Heartland Financial USA, Inc. (NASDAQ:HTLF) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Bruce Lee – President & Chief Executive Office Bryan McKeag – Chief Financial Office Nathan Jones – Chief Credit Officer Conference Call Participants Jeff Rulis – D.A. Davidson David Long – Raymond James Andrew Liesch – Piper…
Nikada/iStock via Getty Images With the Dow coming off of a historic winning streak last week, below we check in on the performance of the index versus the Dogs of the Dow. The Dogs of the Dow is a stock-picking strategy that invests in the index members with the highest dividend yields at the end…
DBV Technologies S.A. (NASDAQ:DBVT) Q2 2023 Earnings Call July 31, 2023 5:00 PM ET Company Participants Katie Matthews – Head of Investor Relations Daniel Tassé – Chief Executive Officer Sébastien Robitaille – Chief Financial Officer Pharis Mohideen – Chief Medical Officer Conference Call Participants Jon Wolleben – JMP Securities Operator Good afternoon, and welcome to…