clovercity Investment Thesis Crocs Inc (NASDAQ:CROX) has had a rough 2023, with shares tumbling 43.50% from their 52 week high of $151.32 with a YTD performance of -20.70%. Data by YCharts This poor price action primarily stems from the market disliking their 1Q2023 and 2Q2023 earnings. While the company boasted incredible revenue growth and profit…
CalAmp Corp. (NASDAQ:CAMP) Q2 2024 Earnings Conference Call October 5, 2023 5:00 PM ET Company Participants Logan Lucas – Corporate Strategy and Investor Relations Manager Jason Cohenour – Interim Chief Executive Officer Jikun Kim – Chief Financial Officer Conference Call Participants Adam Beavis – Goldman Sachs Scott Searle – ROTH MKM George Notter – Jefferies…
skynesher Overview My recommendation for Chegg, Inc. (NYSE:CHGG) is a sell rating. The 2022 financial results for CHGG have raised alarms due to a noticeable deceleration in their growth trajectory. This slowdown seems to stem from waning consumer demand coupled with intensifying market competition. Transitioning into FY23, the financial outlook remained bleak, especially with the…
Kamil Krzaczynski Shares of Molson Coors Beverage Company (NYSE:TAP) have seen a setback as of late after enthusiasm around the stock topped in the summer, due to self-inflicted troubles at its major peer Anheuser-Busch InBev SA/NV (BUD). Given that development, I cheered for Molson after Budweiser had its own hangover, after a major mistake by…
Eloi_Omella This is a difficult time for REIT investors. Intrinsically linked to interest rates, it would be tough to find a REIT ticker that hasn’t fallen since rates began rising sharply last year. Spanish REIT Merlin Properties (OTCPK:MRPRF) is no exception, albeit with a very welcome ~2,000bps outperformance versus its European REIT peer group (represented…
plastic_buddha Over the past three years, volatility has caused many investors to flock toward alternative “inflation hedge” assets. Gold performed very well during the initial government stimulus programs and QE efforts in 2020. Since then, it has not held its weight, primarily due to rising interest rates pushing the value of the US dollar higher….
jitendrajadhav/iStock via Getty Images Investment Thesis Investors interested in natural gas often find themselves compelled to invest in the ProShares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL). The BOIL ETF is designed to double the gains or losses of natural gas prices for a single day. So, if natural gas prices go up by 1%, this…
Vittorio Gravino/iStock via Getty Images Intro We wrote about The Ensign Group, Inc. (NASDAQ:ENSG) back in December 2020 when we were encouraged by the company’s consistent record quarterly earnings. Although Ensign’s valuation was getting frothy at the time (resulting in us dialing down our Buy rating to a Hold rating), the stock still looked very…
Nikada Pessimism among individual investors about the short-term outlook for stocks rose for the third consecutive week in the latest AAII Sentiment Survey. Bullish sentiment also rose for the first time in four weeks. Bullish sentiment, expectations that stock prices will rise over the next six months, rebounded by 2.3 percentage points to 30.1%. Even…
Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative custody, according to a press release sent to Bitcoin Magazine. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin hardware wallet. “Integrating…
AdrianHancu/iStock Editorial via Getty Images Overview BlackBerry Limited (NYSE:BB) stock is on the move following its announcement about spinning off its Internet of Things (“IoT”) division. As is often the case with acquisitions and divestitures, BlackBerry stock has sold off significantly in the wake of this news. With the post-market news report yesterday, October 4th,…
The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON,…
Vladimir Zapletin ArcelorMittal (NYSE:MT) is a steel manufacturing company that is currently trading at low multiples and under book value. The company uses its scale and power as the second largest steel manufacturer in the world to post consistent revenues and high profits. With a good track record, high equity and low net-debt, I believe…
The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with…
Gerville/E+ via Getty Images Investment thesis Sterling Infrastructure (NASDAQ:STRL) grabbed my attention because it ranks highly among the Seeking Alpha Quant top-rated stocks. After diving deep into the company’s fundamentals, I can totally agree with its high Quant rating because the company demonstrates strong financial performance, and the management is focusing on delivering long-term value…
Grayscale Investments LLC, one of the world’s largest crypto asset managers, has secured an unexpected court win against the US Securities and Exchange Commission (SEC). A three-judge panel in DC’s Court of Appeals in Washington ruled that the SEC’s denial of Grayscale’s proposal was “arbitrary and capricious” in that the SEC failed to explain the…
Portra/E+ via Getty Images Investment Thesis Duckhorn Portfolio (NYSE:NAPA) has underperformed over the past year and has further declined by about a tenth since the Q4 print as a result of the departure of its long time CEO and conservative guidance. We believe the company is likely to achieve the top end of its revenue…
Doosan Robotics had an impressive IPO with shares jumping more than 100%, making it South Korea’s biggest trading debut so far this year. Shares in South Korean collaborative robot (cobot) Doosan Robotics jumped significantly from their initial public offering (IPO) price upon their trading debut on Thursday. Doosan Robotics shares began trading at 59,100 won,…
Scott Olson It’s been a rough year for packaged foods companies, with some names (Campbell Soup (CPB), Flowers Foods (FLO),and Kellanova (K)) down more than 20%. Mexico’s Grupo Bimbo (OTCPK:BMBOY)(OTCPK:GRBMF)(BIMBOA.MX) has done better than most, declining only slightly since the start of the year and about 7% since my last update on the company (the…
Bird’s second-quarter earnings in 2023 showed a 19% year-over-year reduction in average rides per vehicle daily. Shared micromobility company Bird is downsizing again. The details were contained in an email sent to the entire company by interim CEO Michael Washinushi. “Regrettably, today we need to reduce our headcount in order to achieve our broader goals…
rticknor Introduction On August 11, 2023, the Vancouver, British Columbia-based Canadian Metalla Royalty & Streaming Ltd. (NYSE:MTA) announced its operating and financial results for the second quarter of 2023. Also, on September 8, 2023, the company announced its merger with Nova Royalty Corp. (NOVR:CA) (OTCQB:NOVRF). Brett Heath, President and CEO of Metalla, stated: We are…
Market participants have been particularly attentive to any signals that the Federal Reserve may continue to raise interest rates. A recent report from the Labor Department has revealed that initial filings for jobless claims or unemployment benefits for the week ended September 30th reached a seasonally adjusted 207,000. While this statistic represents a 2000 rise…
TERADAT SANTIVIVUT Introduction The iShares Resources & Commodities Strategy Trust (NYSE:BCX) is a product that seeks to generate capital appreciation by investing an overwhelming majority of its assets in commodity and natural resource equities, or their associated derivatives. BCX also dabbles with derivatives and instruments that seek to profit from underlying movements of just commodities…
Bitcoin is the largest, longest-running, decentralized, and most secure digital currency of all time, but it is far from the first such attempt. We as a community would do well to remember that bitcoin stands on the shoulders of previous projects, spanning across decades of work. Satoshi built upon the technical underpinnings of said projects,…
gorodenkoff/iStock via Getty Images Investment Thesis ANSYS, Inc. (NASDAQ:ANSS) develops and markets engineering simulation software and services that enable engineers and researchers across diverse industries to analyze designs and improve product development efficiency. Its business is directed at the engineering simulation software sector and serves customers in various industries, including aerospace, automotive, healthcare, and more….
The company initially planned to test its internet satellites aboard ULA’s new Vulcan rocket earlier this year. However, the e-commerce giant faced an unforeseen setback when the rocket experienced an explosion. Amazon is set to take its internet satellite “Project Kuiper” on its first mission to space on Friday, October 6. In a recent announcement…
Sky_Blue Since I last detailed the energy storage division of Tesla (NASDAQ:TSLA) in my article in April, the pace of development has continued ever more rapidly. Demand for the company’s commercial and residential energy products continues to surge. Tesla’s manufacturing capacity continues to be increased rapidly but may never be able to keep up with…
This article is featured in Bitcoin Magazine’s “The Broke Issue”. Click here to subscribe now. The story of Bitcoin has certainly had its fair share of nefarious characters, criminal activity, bad haircuts and worse wardrobes, and yet our anti-hero du jour has seemed to outdo them all. Sam Bankman-Fried, better known by the three letter…
Sundry Photography Elevator Pitch I rate Enphase Energy, Inc. (NASDAQ:ENPH) stock as a Hold. Enphase Energy’s share price has fallen in recent months as the company’s financial prospects in the near future are now deemed to be less favorable than what they were in the past. But the company and key insiders view ENPH’s shares…
Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in the company’s forecast for free cash flow. As of this writing, Alstom shares are selling at…
Presley Ann/Getty Images Entertainment I believe shorting Sofi Technologies (NASDAQ:SOFI) above the $10 share price makes an abundance of sense. From a valuation perspective, this represents a valuation of more than 3x tangible book value (“TBV”) which is an irrationally exuberant valuation given its ROE profile and cost of capital. Furthermore, if you adjust its…
With the massive fundraise, Anthropic will focus on making significant developments on Claude Next and increase spending to boost its AI model. A week after raising $1.25 billion from tech giant Amazon, OpenAI rival firm Anthropic has tapped Google and others to raise an additional $2 billion in fresh funding. Google had already picked up…
paolo_hppd Introduction A year ago, I shared on Seeking Alpha the reasons why I am long Airbnb (NASDAQ:ABNB). The stock has gone through high volatility since then, trading down into the $80s and then moving back up to $150, before retracing back to the current level. Recently, Airbnb has been added to the S&P500. The…
The recent halts in the trading of Metro Bank’s shares on the London Stock Exchange come on the heels of reports that the Bank was seeking to raise $727 million in debt and equity. In a surprising turn of events, shares of Britain’s Metro Bank Holdings PLC (LON: MTRO) experienced a dramatic plunge, leading to…
Fotoatelie Introduction No doubt about it – PepsiCo, Inc. (NASDAQ:PEP) is a wonderful company to own. It meets a variety of criteria that qualify it as an excellent investment. To name a few: The company has great brand strength, a well-diversified portfolio, operates globally, and is shareholder friendly. As I explained in my comparative analysis…
On this day 14 years ago, the Bitcoin price was born. As noted in a post on X today by Bitcoin Historian Pete Rizzo, October 5 marks the anniversary of the date on which NewLibertyStandard, a pseudonymous early Bitcoin user made public the first U.S. dollar price valuation for Bitcoin. A home miner at the time,…
PonyWang Summary I find the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) ETF compelling due to its broader and more equal weight focus of the semiconductor sector. Unlike iShares Semiconductor ETF (SOXX), which I covered recently, the XSD has greater upside potential on lower relative valuation. While its holdings do not escape the 2023 downturn, many have…
Hayes based his bullish prediction on several key factors. He pointed to the potential economic downturn and financial crisis, which could lead to near-zero interest rates, creating favorable conditions for Bitcoin’s growth. Cryptocurrency expert and former Bitmex CEO Arthur Hayes has expressed strong optimism regarding the future of Bitcoin. During an interview on Tom Bilyeu’s…
marekuliasz/iStock via Getty Images Co-authored by Treading Softly With nine-twelfths of the year over, we’re marching quickly into the final period of the year. This often comes with lots of holidays and fun adventures for children – Halloween, Thanksgiving, Veterans Day, and Christmas are all right around the corner. Typically, the weather turns colder, and…
The next Bitcoin cycle may lead to unprecedented price growth, at least according to BitMEX founder Arthur Hayes. In a new interview with YouTuber Tom Bilyeu, Hayes shared his bullish outlook on Bitcoin’s price, projecting a staggering $750,000 to $1 million valuation for the leading cryptocurrency by 2026. During the interview, Hayes discussed several factors contributing to…
harmatoslabu MPLX (NYSE:MPLX) and Energy Transfer (NYSE:ET) are both high-yield BBB-rated midstream infrastructure businesses. Many investors prefer MPLX given that its distribution growth track record is much more consistent than ET’s. Note that MPLX’s large jump and drop in its distribution from 2021 to 2022 on the chart below is merely due to a special…
Assistant with Bard is still an early experiment. In the upcoming days, it will be available for early testers, so that Google can collect feedback before bringing the service to the public over the next few months. Google Assistant, Google’s AI-powered voice assistant for Android devices, is incorporating a conversational AI tool Bard. The new…
Bim/E+ via Getty Images Average listing price rose 2.2% to $47,417. The strikes, if they drag on, could squeeze inventories, which would pressure prices again. Automakers have now reported US deliveries: New vehicle sales in Q3 jumped 20.6% year-over-year to 4.08 million vehicles, according to the Bureau of Economic Analysis today. These cars, SUVs, pickups,…
Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion. Santa Clara, California-based semiconductor connectivity solutions firm, Astera Labs Inc has appointed Morgan Stanley (NYSE: MS), and JPMorgan Chase & Co (NYSE: JPM) as the lead underwriters for its highly anticipated initial public…
Chung Sung-Jun Elevator Pitch I still rate KB Financial Group Inc. (NYSE:KB) [105560:KS] stock as a Buy. My earlier July 27, 2023 write-up for KB was focused on the review of the company’s Q2 2023 financial performance. With the current article, I draw attention to KB Financial’s leadership transition and shareholder capital return. KB’s current…
According to Founder and CEO Ben Leventhal, the amount raised will be focused on scaling the firm’s operations. Blackbird Labs, the team behind Web 3.0 restaurant loyalty platform Blackbird has completed a $24 million Series A funding round. According to a report by TechCrunch, the round was led by Andreessen Horowitz but also saw participation…
oatintro/iStock via Getty Images With interest rate fears hitting a fever pitch, it’s generally not a great time to buy into the stocks of small-cap tech companies that have already more than doubled year to date. Where the rise has been accompanied by a massive fundamental improvement, however, we can make exceptions on a case…
In addition to smartphones and watches, Google noted that it plans to enhance its virtual assistant with generative AI capabilities. Alphabet Inc’s (NASDAQ: GOOGL) Google has once again taken the tech world by storm with the launch of the Pixel 8 smartphones and a smartwatch with Artificial Intelligence (AI) features. Google’s latest upgrades to its…
Nikada On a recent trip to Shanghai and Beijing, I met with investors, companies, and politicians, giving me unique insight into the outlook for Chinese debt. Here are 10 insights that emerging markets debt investors may want to consider. 1. Growth May Rebound in Q4 but Slow in 2024 Offshore investors were more bullish on…
Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook. Apple Inc (NASDAQ: AAPL) top executives led by Chief Executive Officer (CEO) Tim Cook, senior vice presidents Deirdre O’Brien and Katherine Adams offloaded part of their shareholdings according to filings with the United States Securities and Exchange Commission (SEC)….