Andrii Yalanskyi/iStock via Getty Images One aspect of the equity market advance this year is investors’ heightened focus on a handful of stocks some are referring to as the “Magnificent Seven.” These stocks are Meta Platforms (META), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA) and Alphabet (GOOGL). A common theme for these…
Scott Olson/Getty Images News LL Flooring (NYSE:LL) has received another non-binding offer, this time from Live Ventures (LIVE), which offered $5.85 per share in cash. This was slightly higher than founder Tom Sullivan’s non-binding offer of $5.76 per share, which was rejected by LL Flooring’s Board of Directors and then later withdrawn by Sullivan. I…
Dr_Microbe/iStock via Getty Images Analysis is the art of creation through destruction.”― P.S. Baber It has been a bit over a year since we had Arbutus Biopharma Corporation (NASDAQ:ABUS) in the spotlight here at The Biotech Forum. We concluded that article by saying the stock merited a small, covered call holding as liquidity was good…
Epstudio20/iStock via Getty Images Matterport’s (NASDAQ:MTTR) business is growing, despite difficult conditions in its core real estate market. The company has done little to convince investors that it can rein in costs and efficiently drive growth though. Some of Matterport’s cost issues are likely to resolve themselves in a healthier demand environment, and AI-enabled products…
FilippoBacci/E+ via Getty Images Global Medical REIT Inc. (NYSE:GMRE) is a medical office building play that we have covered before. After two buy ratings, we moved to the sidelines in our last piece. Seeking Alpha There was really nothing strongly negative about the company. In fact, we appreciated how management had managed to focus on…
JHVEPhoto/iStock Editorial via Getty Images Share of MGIC Investment Corporation (NYSE:MTG) have been a strong performer over the past year, rising 35%. Still, shares are only trading around book value, and given the likelihood of extremely low losses on the majority of its insured portfolio and benefit of rising interest rates on investment income, shares…
Dimensions Elevator Pitch My Buy rating for Wyndham Hotels & Resorts, Inc. (NYSE:WH) shares remains intact. I wrote about potential corporate actions for Wyndham Hotels in my earlier July 10, 2023 article. In this new article, I share why I am bullish on WH’s capital allocation approach and the access to capital for the company’s…
onurdongel Symbotic’s (NASDAQ:SYM) business continues to progress, with deployments being scaled and systems moving into production. Maturing supply partnerships and a large backlog should ensure growth remains robust in the near-term. The recently announced GreenBox JV should also help to support growth going forward. These positives need to be weighed against the fact that Symbotic’s…
solarseven In today’s financial services ongoing coverage, we are turning out sights back Hingham Institution for Savings (NASDAQ:HIFS). This was a stock we recommended a few years ago, and shares doubled in two years. Those were massive gains, but that seems like a faded memory now as the stock has completely round tripped, losing 60%…
Rmcarvalho/iStock via Getty Images WisdomTree, Inc. (NYSE:WT) is a leading provider of exchange-traded products or ETPs. As of December 31, 2022, WisdomTree was the thirteenth largest ETP sponsor globally based on AUM with $82 billion. In contrast, iShares, which is a subsidiary of BlackRock, ranked #1 with AUM of $2.952 trillion as of the end…
Depending on current BC Technology discussions with potential buyers, the company might conclude a sale of all or parts of its OSL exchange. BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the matter, BC hopes to…
adventtr Magnachip Semiconductor Corporation (NYSE:MX) is a long-time holding of mine, and it is time to review where things stand. The stock has gotten massacred recently. There are legitimate reasons for bailing on this, but I’d argue there are also very good reasons to stay on board. Short-term momentum is definitely against you, as evidenced…
Suphanat Khumsap Key Takeaway Golar LNG (NASDAQ:GLNG) stands as a pivotal figure in the LNG industry, specializing in LNG infrastructure development through floating liquefaction assets (FLNG). Their current fleet consists of two FLNGs and two LNG carriers. FLNG Hilli, the world’s first converted floating LNG facility, produces 2.4 million tonnes per annum (mtpa) and has…
It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture. The United States government is among the largest Bitcoin (BTC) holders in the industry, with over 200,000 of the crypto assets stashed away…
FatCamera/E+ via Getty Images Just like when it comes to chess or any other activity, part of becoming better at what you do involves learning from your weaknesses and improving on them. When it comes to investing, one of the weaknesses that I have is that I tend to give too much leeway in companies…
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. Topics this week: Paul Tudor Jones 3 Trades Bitcoin, Ethereum and BNB Last week, I wrote…
HDFC Bank Limited (NYSE:HDB) Q2 2024 Earnings Conference Call October 16, 2023 8:30 AM ET Company Participants Srinivasan Vaidyanathan – Chief Financial Officer Sashi Jagdishan – Managing Director and Chief Executive Officer Conference Call Participants Mahrukh Adajania – Nuvama Kunal Shah – Citigroup Parag Thakkar – Anvil Wealth Atul Mehra – Motilal Oswal Suresh Ganapathy…
This brand overhaul aims to enhance Web3 accessibility for a new generation of users by offering a well-designed platform that combines user-friendliness with powerful features. On Monday, October 16, one of the most popular decentralized cryptocurrency wallets – Trust Wallet – shared the details regarding the much-awaited update. In the latest development, this multi-chain blue-chip…
Maddie Meyer Just over a year ago, I wrote on Cheesecake Factory (NASDAQ:CAKE), noting that while the lows were likely in for the stock at $26.00 and that it had a better year on deck, I saw the better opportunity being Capri Holdings (CPRI), which traded at barely ~6x FY2023 earnings vs. CAKE at ~11.0x….
Apple, you gained the world’s largest market capitalization because you dared think differently. So when you decided to shut down zaps on Damus it came as a shock to someone who always appreciated Apple’s rebel spirit. Removing zaps from the iOS store does not stop me from zapping. It just makes me zap in a…
Pablo Cuadra/Getty Images Entertainment In today’s analysis, we discuss V.F. Corporation (VFC), a U.S. consumer firm that has shed a significant amount of its market value in the past year due to various company-specific and systematic headwinds. Data by YCharts Many market participants might think it’s a good time to buy V.F. Corporation, as the…
Last week, the release of September’s Consumer Price Index (CPI) data showed a monthly increase of 0.4% and an annual increase of 3.7%. Treasury yields in the United States saw a modest increase earlier today, amid the ongoing uncertainty surrounding the country’s economic outlook. Investors continued to grapple with concerns related to monetary policy and…
PM Images Thesis Netflix, Inc. (NASDAQ:NFLX) has experienced a remarkable 109% surge following a substantial 73% decline that began in November 2021. This shift can be attributed primarily to its high valuation and a decline in subscriber growth. In this article, I will elucidate the potential worth of Netflix if they can successfully encourage people…
Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units. Binance, a leading blockchain ecosystem with the largest centralized cryptocurrency exchange by Bitcoin’s daily traded volume and globally registered users, has announced the completion of the 25th quarterly auto-burn of…
Brandon Bell Exxon Mobil (NYSE:XOM) last week announced a major acquisition that is set to make a huge impact on the company’s production business, especially in the Permian, a basin that is known for delivering strong production growth and high margins for Exxon Mobil as well as other production companies that have productive assets there….
Bitcoin Twitter has been an exciting place over the last year as the Nostr and Ordinals protocols became the new up-and-coming protocols on the scene. Ordinals exposed a fault line starting to form within the Bitcoin community. The ossifiers class that wants to keep Bitcoin the way it is versus the builders that want to…
da-kuk The case for China entering a ‘balance sheet recession’ (a la Japan) is stronger than ever, following a slew of poor economic data in recent months and a faltering property market. Perhaps the best rebuttal against a prolonged downturn is China’s money supply growth, which continues to run in the double digits (+10.3% YoY…
Even though social finance ideas are not new, Tomo and other platforms are looking to diversify the services made popular by FriendTech. The total value locked (TVL) in each of the smart contracts of social media-based finance protocols Tomo and New Bitcoin City is now over $1 million. That is according to current data from…
ah_fotobox (Note: All amounts in the article are in EUR. At the current exchange rate, 1 EUR is around 1.05 USD.) Investment Thesis In line with the German real estate sector, Vonovia (OTCPK:VONOY) (OTCPK:VNNVF) has seen a significant share price depreciation since last year. Vonovia share price (Source: Seeking Alpha) I have been buying up…
The progress on the Grayscale conversion front offers a welcome degree of clarity to the ETF approval process, which had been somewhat murky. The crypto community has witnessed a significant milestone as recent reports indicate that the Securities and Exchange Commission (SEC) decided not to appeal a court ruling that could potentially pave the way…
Risto0/iStock Editorial via Getty Images When Nokia (NYSE:NOK) last reported earnings on July 20, 2023, the stock price stabilized at just below $4.00. Its brief breakout above that last month proved short-lived. Ahead of the upcoming Q3/2023 report this Thursday, shares are meaningfully lower at $3.51. What should investors expect in the next report? Second-Quarter…
El Salvador’s Vice President, Félix Ulloa, has expressed his belief that Bitcoin’s adoption is playing a pivotal role in the country’s economic and political resurgence. In a new interview with Forbes, Vice President Ulloa described it as a driving force behind a transformation that is fueling tourism, investment, and economic growth. Ulloa stated, “Without a doubt, tourism and…
PM Images While the S&P 500 (SP500) and Nasdaq (NDAQ) are up 13.17% and 29.48%, respectively on a YTD basis, the rally has been fueled by big tech. Many sectors have been crushed in 2023 as the following ETFs are all the red, Utilities Select Sector SPDR® Fund ETF (XLU) -15.89%, Financial Select Sector SPDR®…
The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and…
jetcityimage/iStock Editorial via Getty Images The following segment was excerpted from this fund letter. O’Reilly Automotive, Inc. (NASDAQ:ORLY) The aftermarket auto parts industry is a retailer’s dream. Such dreams include: market share take opportunities for better operators in a fragmented industry, hard-to-replicate, competitively advantaged distribution network effects, which increasingly get closer to customers; three decades…
In achieving this $95 million figure, Swift’s film broke the previous record for the largest opening weekend ever for a concert film. That mark was formerly held by Justin Bieber’s 2011 film “Never Say Never”, which opened to $29 million. Pop superstar Taylor Swift’s new concert film “Eras Tour” dazzled in its box office debut…
izusek/E+ via Getty Images Co-authored by Treading Softly A common mistake that people make is assuming that this is the first time something has ever occurred. We often hear people say that “this has never happened before” or that there are no historical analogs for what is occurring. Unfortunately, a massive part of the human…
Kokusai’s IPO appears promising and may become a reference point for new listings in the future. Chip equipment maker Kokusai Electric has raised $724.4 million after pricing its shares at 1,840 yen each in its IPO. Kokusai Electric spun out of Hitachi Kokusai Electric Inc. which KKR bought in 2017. The current share offerings put…
Moussa81 This article was co-produced with Kody Kester of Kody’s Dividends. ——————————————————————————— Achieving your financial goals doesn’t require a genius IQ, but you need the emotional stability to stand by said strategy in tough times. Johnson & Johnson (NYSE:JNJ) is a legendary healthcare company with a renewed focus on its pharmaceutical and medtech segments, making…
The developments between US SEC and Grayscale over the past weekend led to whales accumulating Bitcoin in huge numbers. Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) gave a strong breakout moving all the way to the $28,000 level. As of press time, the BTC price is up 3.8% trading at $27,904 with…
Justin Sullivan Listen below or on the go on Apple Podcasts and Spotify Rite Aid (RAD) files for Chapter 11 bankruptcy. (00:22) Albemarle (ALB) withdraws $4B offer for Liontown Resources (OTCPK:LINRF). (01:33) Sony (SONY) in talks for potential purchase of Disney’s (DIS) India business – report. (02:04) This is an abridged transcript of the podcast….
Over the last week, GOTO stock lost about 20% in price, from 83 rupiahs per share on Monday to an all-time low of 67 rupiahs on Friday, with its market cap dropping to 80.5 trillion rupiahs from 101 trillion rupiahs. William Tanuwijaya, the founder of the leading Indonesian e-commerce company Tokopedia, has sold a staggering number…
PM Images Axsome Therapeutics (NASDAQ:AXSM) is increasingly poised to become the single most important player in the Major Depressive Disorder space, with its Auvelity tracking ahead of market expectations. In the last quarter, Auvelity sales were $27.6 million, representing 76% quarter-over-quarter growth. Being the first and only oral rapid acting NMDA receptor antagonist for MDD,…
Asia is getting filled with a growing number of blockchain enthusiasts, while the rest of the world is waiting for crypto winter to start. It seems that Asia might become the next crypto hub, with the adoption of digital assets gaining momentum. Central and southern Asia are the leading regions establishing themselves as key players in…
TERADAT SANTIVIVUT I said a couple of years ago that I thought that once all the distortions were past, we’d be back to where we started prior to COVID, but with more debt. The decade from 2010 to 2020 was the slowest decade of nominal GDP growth since WWII and the prospect of another decade…
Governor Newsom’s endorsement of the crypto regulation bill represents a significant departure from his previous stance. California’s crypto industry is bracing for significant changes as Governor Gavin Newsom signs off on a groundbreaking regulatory bill expected to revamp the state’s digital asset landscape. The newly approved bill, the Digital Financial Assets Law, is slated to…
JHVEPhoto/iStock Editorial via Getty Images Earnings season kicks into high gear this week and next. Goldman Sachs notes that 79% of S&P 500 companies and market cap will have reported by November 3rd, so the next few weeks are prime time for a gauge on the state of corporate profits. Companies in the Financials sector…
Kraken Australia’s Director Jonathon Miller does not support the proposed rules, stating that the paper was trying to fit crypto into existing financial services regulations. The Australian Treasury has unveiled a consultation paper that details plans to regulate crypto exchanges in the country. The new regulatory framework – released on October 16 and titled “Regulating…
Justin Sullivan Investment Thesis iRobot Corporation (NASDAQ:IRBT), known for its Roomba vacuum cleaners, finds itself at a financial crossroads. iRobot Corporation, despite its 30-year history and a customer base that grew by 18% to 18.6 million in Q2 2023, is currently a high-risk investment, making it unsuitable for both short-term and long-term portfolios. The company’s…
DINphotogallery Investment Rundown The share price for Textainer Group Holdings Limited (NYSE:TGH) has been on a roll for the last 12 months as it has risen by nearly 40%. Yet, the company is still trading at what I think is a pretty fair valuation to be buying at. A p/e under 8 and a dividend…