Shutter2U Free to move about the cabin After refusing to endorse the summer rally, insiders are buying the fall dip. The S&P 500 concluded the third quarter on a whimper down -4.8% on a total return basis for the month of September. A pullback in equity market valuations and a return to a healthier level…
Resources Connection, Inc. (NASDAQ:RGP) Q1 2024 Earnings Conference Call October 4, 2023 5:00 PM ET Company Participants Kate Duchene – CEO Jenn Ryu – CFO Conference Call Participants Andrew Steinerman – JPMorgan Marc Riddick – Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. [Operator Instructions] As a…
pcess609 The Company Becton, Dickinson and Company (NYSE:BDX) is a $75-billion market cap global healthcare company that specializes in developing, manufacturing, and selling a wide range of medical supplies, devices, laboratory equipment, and diagnostic products. They serve healthcare institutions, physicians, researchers, clinical laboratories, the pharmaceutical industry, and the general public worldwide. According to the latest…
Pgiam/iStock via Getty Images Investment summary Trading at a c.50% discount to the sector at 8x forward earnings and 9x forward EBIT, Allegiant Travel Company (NASDAQ:ALGT) has popped onto our radar with potential relative value. As I’ll cover here today, though, the economic value of ALGT in the investment context does not support a rating…
RyanJLane/E+ via Getty Images First Trust High Inc Long/Short Fund (FSD) is an income-focused closed-end fund, or CEF, that is overlooked by most investors who are seeking to earn a very high level of income from the assets in their portfolios. The fund’s very attractive 12.05% current yield stands as evidence of its relative quality…
CreativeNature_nl Investment Rundown Fluor’s (NYSE:FLR) share price has been on a roll since May this year. It has increased significantly in the last 12 months. This increase has happened for Fluor Corporation even as the bottom line has struggled as the company is aiming to diversify its business and move somewhat away from oil and…
da-kuk Networking company Cisco Systems, Inc. (CSCO) announced in September the acquisition of software specialist Splunk Inc. (SPLK) in a major and transformative $28B deal. In a push to acquire artificial intelligence (“AI”) capabilities, large, deep-pocketed corporations like Cisco are willing to put billions of dollars on the table: the company offered a generous takeover…
deepblue4you This article series aims at evaluating ETFs (exchange-traded funds) regarding the relative past performance of their strategies and metrics of their current portfolios. As holdings and weights change over time, updated reviews are posted when necessary. FVD strategy and portfolio First Trust Value Line® Dividend Index Fund ETF (NYSEARCA:FVD) started investing operations on 08/19/2003…
SweetBunFactory Over the summer, I concluded it was a maximum mess in the case of MaxLinear, Inc. (NASDAQ:MXL). This came as the business outlined a dismal third quarter outlook while terminating the deal with Silicon Motion Technology Corporation (SIMO). Quite frankly, I believed that the news was both good and bad at once, making it…
bunnylady/E+ via Getty Images iShares Residential and Multisector Real Estate ETF (NYSEARCA:REZ) is an interesting REIT fund. This is one of those funds I wouldn’t recommend for most investors because of its shift in focus, its sporadic distribution history, high expense rate and easy replicability. Originally this fund was meant to include REITs that focus…
In the heart of Manhattan, high above Hudson Yards in a bustling hotel, Bitcoin Magazine’s Editor in Chief, Mark Goodwin, sat down with US presidential hopeful Robert F. Kennedy Jr. for a candid and engaging interview that shed new light on his political vision. The interview commenced with RFK’s assessment of the Democratic Party and…
gorodenkoff A Quick Take On Manhattan Associates Manhattan Associates, Inc. (NASDAQ:MANH) provides supply chain and inventory management software and related services to businesses worldwide. I previously wrote about MANH with a Hold outlook. Manhattan Associates, Inc. stock has performed quite well in the past year but looks pricey at its current level, and the company…
cogal/E+ via Getty Images GNK’s Dry Bulk Investment Thesis Remains Robust, Thanks To The Highly Competent Management We previously covered Genco Shipping & Trading Limited (NYSE:GNK) in May 2023, discussing its balance sheet improvement and excellent dividend payouts during the hyper-pandemic windfall. However, the recent easing in global supply chain issues had triggered the stock’s…
Half of Sandoz’s revenue comes from Europe. Thus, it will be looking to leverage its brand presence in Europe for further growth. Emerging reports suggest that Novartis has completed the spinoff of its Generics and Biosimilars division, Sandoz, on Wednesday, October 4. The Swiss drug company first made its intention known in August 2022, commencing…
Boarding1Now Norwegian Air Shuttle (OTCPK:NWARF) is one of the companies I have a speculative buy rating on. The company is seeing its results improve after a much-needed change in mindset, opting for prudent growth rather than unbridled debt-laden growth. In this report, I will be discussing the company’s most recent report and update my rating…
Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking at the recent SoftBank…
Tilray Brands, Inc. (NASDAQ:TLRY) Q1 2024 Earnings Conference Call October 4, 2023 8:30 AM ET Company Participants Berrin Noorata – Chief Corporate Affairs and Communications Officer Irwin Simon – Chairman and Chief Executive Officer Carl Merton – Chief Financial Officer Blair MacNeil – President, Tilray Canada Denise Faltischek – Chief Strategy Officer and Head of…
For developers looking to integrate blockchain data into their applications, Flarescan will also offer a developer API, simplifying the process of harnessing blockchain insights. Blockchain for data company Flare has partnered with the Avascan Block Explorer team to launch Flarescan, a comprehensive web explorer explicitly designed for the Flare ecosystem. In a press release shared…
taikrixel Algonquin Power & Utilities Corp. (NYSE:AQN) investors have witnessed the worst hammering despite some respite in early 2023. However, that early momentum was lost as sellers returned in May 2023. My caution in late March was timely, as I urged investors not to chase further upside, as it seemed priced in. As such, while…
SAS will leave exchanges as part of its restructuring deal, in addition to splitting equity and debt among members of a takeover consortium. Scandinavian Airlines (SAS) stock fell on Wednesday morning after the company announced a restructuring deal. As markets opened, SAS stock crashed 95% in reaction to an official release stating a restructuring deal…
Hulton Archive Earnings season is just about to get started, and one of the names we follow for trading is Helen of Troy Limited (NASDAQ:HELE). A lot of retailers have been crushed by inflation, and now that we are starting to come out of the other side of that, we are in a market situation…
It was 12:45 a.m. on a Friday out and about in Riga, Latvia. Without going into too much detail, I was having a good time with fellow Bitcoin and Lightning folks. I was there for the Baltic Honeybadger conference, one organized by plebs for plebs. And you could feel this! Everyone was eager to help…
Andrii Atanov Company Profile And Recent Performance Silicon Motion Technology Corporation (NASDAQ:SIMO), a small-cap fabless semiconductor stock, could serve as a fitting proxy to play the global SSD-related NAND flash controller market, where it is the leader. Besides the supply of SSD controls in PCs, SIMO is also noted for its expertise in eMMC (Embedded…
The 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. If Recession, Then Not Inflation Last week, I wrote about the Fed Funds Futures curve, concluding…
John Kevin After the Fed’s last meeting, the “higher-for-longer” mantra pushed interest rates higher and equity markets lower. At the moment of writing, the ten-year nominal treasury yield has hit 4.75%, the highest point since August 2007. U.S. Generic Government 10-Year Yield (Bloomberg Terminal) However, even more important than nominal yields are real yields. A…
The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine. In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval of its improved COVID-19…
You Are Here On The RCS Premium Ride DNY59 PIMCO Strategic Income Fund (NYSE:RCS) RCS is a closed end fund that invests in intermediate-term, debt securities of all shapes and forms. At August 31, majority of this fund’s holdings were mortgage backed securities, followed by high yield or junk securities. Investment grade credit bought up…
Aside from the commercial bank, the Bank for International Settlements (BIS) will participate in the pilot to provide technical guidance and expertise to users. South Korea has become the newest country to conduct a pilot program to explore the technical infrastructure necessary for a central bank digital currency (CBDC). On October 4, the Bank of…
JHVEPhoto Investors should buy shares of Comerica Incorporated (NYSE:CMA). The firm’s equity shares have been beaten down throughout 2023. However, Comerica has a strong 170-plus year history of profitability and returns to shareholders. The firm’s current dividend yield of 7% is quite high, and begs the question: Is Comerica a suitable investment for value-oriented investors?…
It appears financial services giant Block is closer to going public with its first Bitcoin hardware wallet product. Teased yesterday by a beta tester, the images offer a first glimpse of Block’s new Bitcoin hardware wallet, first announced in 2022, and reveal a small hexagon-shaped device complete with a fingerprint censor, which adds an extra layer of…
Milan Markovic/E+ via Getty Images We’re upgrading Tesla, Inc. (NASDAQ:TSLA) to a hold from a sell. We continue to be cautious about the auto industry in 2H23 but expect Tesla will fare better than the peer group in Q4 2023 and 1H24 with its model 3 and Y upgrades. Our previous concerns about the company’s…
Today, Volcano Energy and Luxor Technology Corporation have officially unveiled Lava Pool, El Salvador’s inaugural Bitcoin mining pool powered by abundant renewable geothermal energy. Volcano Energy, a unique public-private partnership committed to contributing 23% of its net income to the Salvadoran government, will exclusively mine blocks through Lava Pool. “Lava Pool is another example of…
PM Images 2023 has been a challenging year for dividend stocks as the Fed tightening cycle pushed interest rates well past 5%. It’s now the most lucrative time in over a decade to allocate capital toward risk-free investments as the 2-year treasury has a yield exceeding 5% and the 10-year yields 4.68%. There were many…
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge…
olm26250 Introduction Markets are in turmoil. While the S&P 500 is still holding up well, real carnage has taken place in defensive sectors. Looking at the data below, we see that utilities, real estate, and consumer defensive stocks were among the biggest losers of the past three months. Utilities fell more than 15%, making it…
A new study conducted by the Bank of International Settlements (BIS) has shed light on the true extent of Bitcoin’s impact on cross-border payments, revealing that its significance may be even greater than previously believed. According to a report by Reuters, the findings challenge conventional assumptions and underscore the growing relevance of Bitcoin in the global…
RobsonPL TIM S.A. (NYSE:TIMB) is a subsidiary of TIM Brasil Serviços, and it has garnered recognition for spearheading significant advancements in the telecommunications sector since its inception. Starting in 2015, the company became the leader in 4G technology in Brazil, and it was among the first companies in the country to activate 5G networks. Today,…
BIS continues to warn that crypto data can be “manipulated or distorted”. The Bank for International Settlements (BIS) has unveiled a new platform it calls “Project Atlas”. According to the Wednesday announcement, the decentralized finance data platform will play an important role in the future regulation of crypto market participants. In a joint report with…
da-kuk Things are starting to look interesting for SentinelOne (NYSE:S) investors. I’ll first share my general thoughts about SentinelOne, and thereafter, provide more analysis and details about recent developments. I’ll end off with how I think SentinelOne will be able to achieve breakeven in FY2025, using CrowdStrike (CRWD) as a benchmark. Thoughts Background SentinelOne was…
This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States, Analisa Torres, rejected the…
shih-wei September has been a challenging month for investors as they face numerous headwinds, including economic uncertainty, sticky inflation, and soaring bond yields. Brad Simpson, Chief Wealth Strategist at TD Wealth, explains why bonds could become more enticing in the current market. Transcript Kim Parlee: September has been a challenging month for investors, with markets…
DSS will enable companies to establish financial market infrastructure leveraging digital asset technology. The United Kingdom is set to establish a new Digital Securities Sandbox (DSS) next year to foster innovation in the digital securities sector. The move marks the second crypto-related sandbox initiative in the UK as it continues to solidify its stance in…
Miguel Perfectti/iStock via Getty Images Global central bank hiking cycles have dominated financial market headlines for the last 18 months, keeping many investors on the sidelines, hiding out in cash as inflation and the resulting rate hikes were serious headwinds to returns. Now, over the last few months, as these hiking cycles have increasingly hinged…
Until the trial proceeds next September 2024, Mashinsky will remain free on $40 million bail, however, will continue to face travel and financial restrictions. In an October 3rd hearing held in the United States District Court for the Southern District of New York, Judge John Koeltl set the criminal trial date for former Celsius Network…
dusanpetkovic/iStock via Getty Images At a Glance MiMedx Group’s (NASDAQ:MDXG) recent performance in Q2 2023 is characterized by a discernable focus on its Wound & Surgical sector, underpinned by robust revenue growth and operational efficiency. Yet, certain decisions such as the discontinuation of the Regenerative Health division raise queries about the company’s future diversification strategies…
Today, all employees of the FAST unit will be notified about their further status. Currently, there are 600 workers under the FAST division. It is not clear how many people will lose their jobs at Reality Labs. Meta Platforms Inc (NASDAQ: META) is reportedly planning to lay off employees in Reality Labs – its business…
Thapana Onphalai By Peter C. Earle In August 2023, the Leading Indicator in AIER’s Business Condition Monthly metrics fell sharply. While the Roughly Coincident and Lagging Indicators edged up slightly (from 75 to 83 in the former, and from 50 to 58 in the latter), the Leading Indicator fell from 79 in July 2023 to…
The new product is set to give investors exposure to the Bitcoin value movements on the underlying CoinDesk Bitcoin Price Index (XBX) and will only be settled in the United States dollar. A leading exchange in Canada, TMX Group, has announced plans to launch cash-settled Bitcoin futures on the Montréal Exchange (MX) soon. According to…
JHVEPhoto Investment action Based on my current outlook and analysis of Intuit (NASDAQ:INTU), I recommend a hold rating. While I acknowledge that INTU is a big and stable business that has consistently compounded FCF over the years, I believe it is still under the mercy of near-term macro movements. In particular, the current macro weakness…
The affordability of funding new houses is expected to strain the already heavily taxed small businesses and individuals. At current 30-year mortgage rates of about 7.72 percent, it would cost a borrower about $1,429 every month to service a $200,000 housing plan, thus putting the total interest on the mortgage at about $314,325. The rising…