Oracle Corporation (NYSE:ORCL) Q1 2024 Earnings Call Transcript September 11, 2023 5:00 PM ET Company Participants Ken Bond – SVP, IR Safra Catz – CEO Larry Ellison – Chairman and CTO Conference Call Participants Brad Zelnick – Deutsche Bank Mark Murphy – JPMorgan Raimo Lenschow – Barclays Capital Mark Moerdler – Bernstein Keith Weiss –…
Kobus Louw Introduction Ares Management Corporation (NYSE:ARES) is a global investment management company (it has 30 offices across 15 countries in North America, Europe, APAC, and the Middle East) that specializes in the alternative investment space. ARES offers its clients (predominantly institutions) a range of investment strategies across different but complementary asset classes, namely credit…
Bank of America Corporation (NYSE:BAC) Barclays Global Financial Services Conference September 11, 2023 2:45 PM ET Company Participants Dean Athanasia – President, Regional Banking Alastair Borthwick – CFO Conference Call Participants Jason Goldberg – Barclays Jason Goldberg As everyone takes the seat, we will put up the ARS question to ask everyone, we are going…
Ethan Miller This article is part of a series that provides an ongoing analysis of the changes made to David Einhorn’s Greenlight Capital 13F portfolio on a quarterly basis. It is based on Einhorn’s regulatory 13F Form filed on 8/14/2023. Please visit our Tracking David Einhorn’s Greenlight Capital Holdings article series for an idea on…
Justin Sullivan Thesis Nvidia Corporation (NASDAQ:NVDA) has seen an impressive 305% increase from its October lows. While some might perceive Nvidia as overvalued and anticipate an imminent collapse, this perception is not substantiated by its intrinsic value. Through the calculation of three discounted cash flow (“DCF”) models, we arrive at an average price of $451.90…
PM Images Written by Nick Ackerman. Shares of STAG Industrial (NYSE:STAG) have recently started to pullback just as it was looking richly valued. That being said, it isn’t necessarily a screaming deal today, either. I’ve been watching STAG a bit more closely, as I’ve had the dividend reinvestment turned on my position for well over…
DKosig The US Dollar Index rose eight consecutive weeks heading into mid-September, the longest winning streak since 2015. After basing ahead of the Q2 earnings season along with interest rates, financial conditions have tightened somewhat, pressuring lower-quality firms and their stock prices. Indeed, many ex-US names have struggled since late July. With a rising greenback,…
Chris sits down with Thomas Shewchuck from Evertas to talk about having his company Bitshure get acquired to make the bitcoin mining insurance landscape more robust. He talks about bitcoin mining insurance, bitcoin mining, the bear market, and preparing for the halving and the next bull run. See the full interview on YouTube. Bitcoin mining…
Matteo Colombo Introduction This is not a great environment for a lot of REITs, consumer staples, utility companies, and a wide range of other companies that are expected to struggle with pricing power in an environment of sticky inflation. Year-to-date, all of these investments are underperforming the S&P 500 – by a wide margin! Data…
Scott Olson As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
SweetBunFactory MKS Instruments (NASDAQ:MKSI), a provider of technological solutions to the semiconductor, electronic and industrial markets, has seen its stock falter in recent weeks. This after the stock rallied for a couple of months, resulting in a gain of as much as 38.7% at one point in June. MKSI has see-sawed all year and there…
janiecbros On Thursday, September 7, 2023, Planet Labs (NYSE:PL), a leading provider of commercial Earth observation satellite data, announced its earnings for the Second Quarter of Financial Year 2024 (for the quarterly period ended July 31, 2023). The Company has consecutively beaten the last 4 quarters’ earnings expectations. This quarter is no exception, beating the…
In a recent appearance on Fox Business, Anthony “Pomp” Pompliano suggested that a significant Bitcoin bull run is on the horizon. Pompliano, a well-known figure in the Bitcoin space, shared his insights on the future of Bitcoin and why he believes it is primed for another surge. Pompliano began the discussion by highlighting the recent volatility in…
2d illustrations and photos/iStock via Getty Images Transcript Today’s new volatile macro regime means the dominant market narrative can flip repeatedly. That’s exactly what’s been happening this year. For example, solid stock gains at the start of 2023 were wiped out by the March bank turmoil that revived recession fears. 1) Lower long-term growth We…
anton5146 By Erik L. Knutzen As the September starting gun sounds, here’s what we are looking out for on the track ahead. This time of year always makes me reflect on the intense seasonality of our business. As the calendar turns to September, investors return from vacation, news flow ramps up, progress versus objectives is…
kobzev3179 Part I – Introduction Vancouver-based gold miner B2Gold Corp. (NYSE:BTG) released its second-quarter 2023 results on August 2, 2023. Note: I have followed BTG quarterly since July 2019. This new article is a quarterly update of my article published on May 10, 2023. BTG owns three producing mines, one production mine in a 50/50…
Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools….
DieterMeyrl/E+ via Getty Images Introduction More changes are coming to my Weekly Breakout Forecast reporting on the doctoral research analysis of MDA breakout stock selections over more than 8 years. This high frequency breakout portfolio subset I regularly release has now reached 327 weeks of public selections on Seeking Alpha as part of this ongoing…
In a recent appearance on CNBC’s Squawk Box, former PayPal President David Marcus shared his vision for Bitcoin, aiming to transform it into a global payment network. Marcus, who is the CEO of Lightning Network infrastructure company Lightspark, emphasized the importance of expanding Bitcoin’s utility beyond just a store of value. During the interview, Marcus…
JHVEPhoto It’s hard to argue against the terrific performance of Eli Lilly (NYSE:LLY)-$586.46 as of late. The stock is currently hitting a new all-time high along with its earnings. With earnings hitting new highs, it should come as no surprise that the stock is hitting new highs. After all, the two go hand in hand….
As part of the security token issuance (STO), Taiji Capital will raise a total of $100 million HK by selling the PRINCE tokens. This will significantly reduce the financing costs marking a major shift in real-estate investment. In the latest development, the Taiji Capital Group is looking for a revolutionary transformation in Hong Kong’s real…
designer491 Molina Healthcare, Inc. (NYSE:MOH) signs three to five years contracts with federal and state governments, offering a lot of visibility about future net sales and FCF growth. I believe that further acquisitions like that of Brand New Day and Central Health Plan of California or new transactions could accelerate net revenue from Medicaid and…
Annihilation commencing. Whether through poorly conceived boot up instructions to a novel AI, a global war between desperate nation states, or the final rug pull of our fragile ozone layer – the end of the world hasn’t felt this tangible since school children ducked and covered under desks in the nuclear psychic ashes of the…
Ian Tuttle Investment Thesis Roblox (NYSE:RBLX) allows users to create their own games, virtual worlds, and experiences using its platform. It’s a business that should be highly stable. And yet, it fails to be stable enough to support its premium valuation. With another quarter of earnings results behind us, I believe I was naive to…
As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated…
eternalcreative/iStock via Getty Images Academic research has long-ago identified the size effect: A tendency of firms with small market capitalizations to outperform those will higher market capitalizations over time. An early paper that made this point is Banz (1981) and the idea was popularized in the academic and practitioner factor literatures by the Fama-French 3-factor…
Only one month after being announced as Editor-in-Chief of Bitcoin Magazine, Mark Goodwin is releasing his premier book “The Bitcoin-Dollar.” The book takes readers on an illuminating journey through the intricate intersection of finance, technology and trust. This groundbreaking work delves deep into the essence of currency and commodity to offer a fresh perspective on…
Hero Images Inc After the banking collapse occurred earlier this year, I immediately began searching for some attractive prospects. These are companies that have fallen significantly, that have shown signs of resilience during the drop, and that have not yet staged a full recovery from the decline. One interesting prospect in this space that found…
Zero-knowledge (ZK) rollups are coming to Bitcoin. Recently, two different projects took turnkey steps into turning this development into a reality for the original cryptocurrency, an advancement that could help Bitcoin scale even more and also provide additional privacy assurances to users that decide to use it. Chainway last week announced the open-sourcing of their…
Leon Neal Introduction London-based BP p.l.c. (NYSE:BP) released its second quarter 2023 results on August 1, 2023. Note: I have followed BP quarterly since 2014. This new article updates my article published on June 26, 2023. 1 – Q2’23 results snapshot BP reported second-quarter adjusted earnings of $0.89 per ADR share on a replacement cost…
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry. Arm Holdings Ltd., the renowned chip designer owned by SoftBank Group Corp (TYO: 9984) is reportedly contemplating raising the price range of its highly anticipated Initial Public Offering (IPO). This move comes after…
pcess609 Company Background Upstart Holdings, Inc. (NASD:NASDAQ:UPST) offers an online platform that connects consumers with lending partners and uses AI models to try to deliver more affordable and accurate prices. As its 10-K explains: We are a leading, cloud-based AI lending marketplace… Our lending marketplace aggregates consumer demand for high-quality loans and connects to our…
Going by the new estimates, Morgan Stanley expects that Tesla’s market capitalization will surge by at least $600 billion over the next 12 to 18 months. A recent Reuters report has tipped Tesla Inc (NASDAQ: TSLA), the electric vehicle (EV) maker, as poised to see a major boost in its market capitalization. This follows after…
krblokhin RTX Corporation (NYSE:RTX) buyers have held the $80 support level since RTX crashed after its second-quarter or FQ2 earnings release in late July. I updated investors in a pre-earnings article suggesting that RTX had been consolidating constructively since June 2023. However, the surprising announcement by management on reducing its free cash flow or FCF…
In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that…
Dzmitry Dzemidovich/iStock via Getty Images Co-Authored by Treading Softly I’ve never been one to really get caught up in the latest fads. It seems that in our modern era, we want to be able to attach a clever name to something that everyone seems to be doing. I can tell you that in my years…
On the occasion of the G20 summit, India said that it is willing to closely cooperate with all member nations to work on a clear regulatory framework for crypto. In the upcoming months, India is planning to decide its own position and stand on digital assets after proper analysis and consultations. India would obviously consider…
Kativ Overview The Bank of Japan Governor Ueda hinted the world’s third-largest economy may exit negative interest rates before the end of the year. This sparked the strongest gain in the yen in a couple of months and lifted the 10-year yield to nearly 0.70%. In an uncoordinated fashion, Chinese officials stepped up their rhetoric…
Within the funding round, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) priced at A$4.50 each and offered a free-attaching utility token warrant on a 1:1 dollar basis to the participants. Hong Kong-based game software company Animoca Brands Corporation Ltd has raised as much as $20 million (approximately A$31.3 million) in a funding round led…
LukaTDB Introduction Since the turn of August, the stock of America’s largest RV retailer, Camping World Holdings, Inc. (NYSE:CWH), hasn’t been in a good way; admittedly, it’s not as though the broader markets or CHW’s peers from the consumer discretionary space have been shining lights during this period, but the level of drawdown seen at…
AMF Chair Marie-Anne Barbat-Layani noted that the financial sector is highly regulated, and investment communications must be law-compliant, clear, and balanced. Two regulators in France, The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have jointly set up a training module for finfluencers. Previously, the two bodies created…
lechatnoir Southland Holdings (NYSE:SLND) works in the infrastructure construction business. SLND posted its Q2 FY23 results. I will review their Q2 FY23 results. I think SLND is overvalued, and the technical chart is bearish. Hence, I assign a hold rating on SLND. Financial Analysis SLND posted its Q2 FY23 results. The revenue for Q2 FY23…
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain…
Michael King/iStock via Getty Images Research Summary Today I’ll be rating The Hartford Financial (NYSE:HIG), in the financials sector, insurance subsector. I last rated this stock in June when I rated it a strong buy. Since then, it had its Q2 earnings result on July 27th and I will do a deep dive into some…
According to those familiar with the matter, the new AI system developed by Meta will allow companies to develop services that produce sophisticated text, analysis, and other output. Meta Platforms Inc (NASDAQ: META) is reportedly developing a new open-source AI system that is expected to be more powerful and advanced than the GPT-4 model offered by…
July Alcantara Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) is a REIT unlike any other. When you think of real estate, you probably think of apartment buildings, offices, logistics or perhaps retail, but you probably wouldn’t think of renewable energy infrastructure projects such as solar and wind power plants or energy storage solutions. Well, these are…
One possible reason behind the strong surge in Freind.tech’s user activity is due to several non-crypto personalities joining the platform recently. Decentralized social platform Friend.tech is once again gaining major traction with the total value locked (TVL) shooting to more than $20 million in the last four days. The development comes within two weeks of…
Boy Wirat/iStock via Getty Images When I was a broker in the 90s there were a couple of mutual funds that followed “socially responsible” investing strategies. At the time the vast majority of companies just focused on their business and didn’t pay heed to any social issues, so the universe these funds had to choose…
Armstrong pointed out protocols like Truflation, Ampleforth/Spot, and Nuon that are building crucial infrastructure for the development of flatcoins in the near future. The growth of the cryptocurrency market has significantly been spearheaded by top crypto firms like exchanges, and DeFi protocols. Coinbase Global Inc (NASDAQ: COIN) has played a major role in pushing the…
Mario Tama Investment thesis My first bearish thesis regarding Rivian Automotive (NASDAQ:RIVN) stock did not age well since the stock rallied more than 80% since May 2. The Rivian frenzy occurred due to multiple-fold YoY revenue growth, but we should not forget that comparatives are low, which makes it easier to demonstrate crazy growth. It…