Agilysys, Inc. (NASDAQ:AGYS) Q2 2024 Earnings Call Transcript October 23, 2023 4:30 PM ET Company Participants Jessica Hennessy – Senior Director of Corporate Strategy and IR Ramesh Srinivasan – President and CEO Dave Wood – CFO Conference Call Participants Mayank Tandon – Needham Matthew VanVliet – BTIG George Sutton – Craig-Hallum Ari Friedman – Oppenheimer…
spawns This year, the market has gone from euphoria to depression, from the triumph of the value-agnostic growth style amid the inflation-is-over narrative to a higher-for-longer story and a painful sell-off in bonds that is rippling through equities as well. No doubt, the environment has been exceedingly challenging to navigate. Hopefully, there are investment vehicles…
Kitsawet Saethao/iStock via Getty Images Ambrx Biopharma Inc. (NASDAQ:AMAM) has made great progress in advancing its pipeline towards several types of cancer therapeutics. One such drug would be the use of ARX517, which is an anti-PSMA antibody drug conjugate [ADC], which is being developed for the treatment of patients with metastatic castration-resistant prostate cancer [mCRPC]….
gorodenkoff A Quick Take On Invea Therapeutics, Inc. Invea Therapeutics, Inc. (INAI) has filed to raise $75 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm is a clinical-stage biopharma developing drug treatments for immune-mediated inflammatory diseases. I’ll provide an update when we learn more about the…
visualspace A Quick Take On Cargo Therapeutics, Inc. Cargo Therapeutics, Inc. (CRGX) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. Cargo Therapeutics, Inc. is a clinical-stage biopharma developing drug candidates for the treatment of large B cell lymphoma cancer [LBCL]. I’ll provide an…
dk_photos John Hess – CEO of Hess Corp. (NYSE:HES) – has agreed to sell his company to Chevron (NYSE:CVX) for $171/share in an all-stock transaction worth an estimated $53 billion in Chevron (CVX) stock. Including debt, the transaction has a total enterprise value of $60 billion. On the heels of my recent Seeking Alpha article…
Ales_Utovko Lockheed Martin Corporation (NYSE:LMT) posted its third quarter results on the 17th of July before the opening bell. Year-to-date, shares have lost around 7% of their value. Indeed, there are some challenges ahead, but the current environment for defense equipment and services provides an appreciable backdrop. Lockheed Martin Q3 2023 Results: Revenues Grew, Earnings…
fbxx In this article on Moncler S.p.A. (OTCPK:MONRF), I provide a brief update on the company. In my previous articles, I had pointed out that despite the impressive growth figures, the company was approaching its price target in a way that made it less attractive. As anticipated in the article, the previous target price was…
Artur Plawgo Since I wrote in July that Geron Corporation (NASDAQ:GERN) prices then were unlikely to return, the stock has nearly halved. This has prompted people to ask me whether I meant the price was never going to go back up. I hope that’s a joke – even if on me – because Geron has…
Sergii Kolesnikov/iStock via Getty Images Richardson Electronics (NASDAQ:RELL) offers engineered solutions and microwave tubes worldwide. RELL recently announced weak quarterly results. I expect weakness in the near term due to various headwinds like high inventory levels. In addition, its technical chart looks weak. So I think it would be wise to ignore it. Hence, I…
Nikada Originally posted on October 22, 2023 In this weekly market report, we look at the various asset classes, sectors, equity categories, and exchange-traded funds (ETFS) that moved the market higher and the market segments that defied the trend by moving lower. Identifying the winners and losers allows us to see the direction of significant…
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital payments are conducted…
Daenin Arnee Investment Rundown Assurant Inc (NYSE:AIZ) has been very proactive in diversifying its revenue streams and operations over the years. The company serves a global market with customers and clients all over the world. The last report showcased a significant improvement in the top and bottom lines of the business as AIZ was able…
Apple is considering leveraging AI within Xcode to assist app developers in creating their applications. Apple Inc (NASDAQ: AAPL) is gearing up for a significant leap into the world of generative artificial intelligence (AI), with plans to invest around $1 billion annually to develop its own AI solutions, Bloomberg reported Monday, citing people familiar with…
JasonDoiy We continue to closely follow the operational performance of a number of banking institutions, as they are the backbone of the state of small businesses and consumers in the United States. We are in a debt-fueled economy, and the access to loans is crucial to keep the economic engine of the nation humming. There…
In recent years, Bitcoin has been making waves as a transformative force in the world of finance. Its decentralized nature and potential for economic disruption have caught the attention of many, including Mexican businessman Ricardo Salinas. Salinas, a prominent advocate for economic empowerment in developing nations, believes that Bitcoin has the power to level the…
Mario Tama Chevron’s Acquisition Of Hess Corporation In a massive move by Chevron Corporation (NYSE:CVX), the company announced the acquisition of Hess Corporation (NYSE:HES). Hess is a leading independent oil and gas producer, as Chevron looks to bolster its resource depth and quality in Guyana. Accordingly, the deal is worth $53B, about 5.8% above the…
The ripple effect of the Chinese market plunge has extended to other major Asian markets, with Japan’s Nikkei 225 and South Korea’s Kospi also experiencing declines. China’s stock market has hit a significant low not seen since the pre-pandemic era, rattling investors as the country grapples with various economic challenges and regulatory scrutiny. The country’s…
panida wijitpanya Investment Thesis Insteel Industries Inc.’s (NYSE:IIIN) stock price has remained relatively flat since my previous article in January, where I recommended waiting on the sidelines until a bottom is in place. The company’s revenue and margins have continued to decline since then. The company recently reported its Q4FY23 results, and while the quarter…
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields…
Diego Thomazini Transcript U.S. corporate earnings have plateaued alongside the stealth stagnation we see in the economy. Markets see modest earnings growth in Q3 reporting underway, after earnings were flat for a year. That doesn’t reflect the market narrative of a resilient economy, in our view. Markets see renewed earnings growth over the next year….
Blockaid’s primary objective is to protect users from a range of security threats, including fraud, phishing, and hacking. Blockaid, a blockchain security startup, and partner of the popular MetaMask crypto wallet has secured $33 million in a Series A funding round, led by prominent industry venture capital firms, including Coinbase investor Ribbit Capital and early-stage…
Justin Sullivan The Magnificent 7, which has led the market sharply higher in recent months, may be on the cusp of a magnificent decline based on the technical charts. The group of 7 stocks is made up of Nvidia (NVDA), Tesla (TSLA), Meta (META), Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Alphabet (GOOG, GOOGL). The…
Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment. In the ongoing Ripple versus SEC case over XRP, legal experts are assessing…
ugurhan Maybe I am foolish. Maybe I don’t know what I am talking about. But, I am still seeing the potential for the bulls to pull a rabbit out of a hat. Yet, their opportunity is narrowing. Although the market tried many times, it was unable to break out through the 4401SPX important resistance we…
The author of Rich Dad Poor Dad expects the prices of Bitcoin (BTC), Gold, and Silver to rally in the near future as every government around the world prints more money pushing inflation to a multi-year high. Popular entrepreneur and financial educator Robert Kiyosaki issued a prediction for Bitcoin (BTC), and top precious metals amid…
Korrawin/iStock via Getty Images Introduction Timbercreek Financial (TSX:TF:CA) (OTCPK:TBCRF) is a mortgage investment corporation which means it needs to distribute a certain threshold of its earnings to take advantage of the tax benefits for this type of corporation. As of the end of June, the total asset base contained just over C$1.1B in mortgages and…
After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion. Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part…
martin-dm/E+ via Getty Images Investment thesis From the secular point of view, I am a big fan of the U.S. stock market because it has a stellar growth history over the long term. But past profits are not a guarantee of future success, especially if we talk about the foreseeable future. The current environment is…
One of the most striking aspects of this market turmoil was the sharp increase in the Nikkei volatility index, which surged to 23.87, a level not seen in a long while. Japan’s Nikkei 225 (INDEXNIKKEI: NI225) share average faced a tumultuous day as it closed below the psychologically significant 31,000 level earlier today, primarily due…
MicroStockHub I have been growing increasingly skittish on owning smaller companies in my personal portfolio, and have written fewer articles on such stocks as 2023 has progressed. I made a Sell call on the iShares Russell 2000 ETF (NYSEARCA:IWM) in March here. The problem is smaller names traditionally are quite weak relative to blue chips…
In recent weeks, the Salvadoran media has been abuzz with speculation that Bitcoin Country President Nayib Bukele will step down from his current role to pursue a second term in office. This move hinges on obtaining a special license from the Salvadoran Legislative Assembly, a process that requires three-quarters approval from the body. Previously, it…
Justin Sullivan I have been absolutely incorrect, as PayPal (NASDAQ:PYPL) shares have fallen through their short-term resistance level. I have been following PYPL closely and still feel it’s one of the most mispriced equities in the market today. Since my previous article on PYPL, which was published on 8/25/23, shares have declined by 12.46% compared…
In light of its stellar performance and the resilience displayed in the face of challenges, Philips looks to uphold its commitment to creating enduring value and delivering sustainable impact in the long term. Philips, a prominent Dutch health technology company, has exceeded market expectations in its 2023 third-quarter performance, leading to an upward revision of…
Bet_Noire/iStock via Getty Images As iShares U.S. Financial Services ETF (NYSEARCA:IYG) is currently trading around a 52-week low due to the Fed’s hawkish stance, I believe it’s time to follow Warren Buffett’s mantra of buying low and holding a stake for the long term. The buy recommendation is not only based on the drop in…
Bankman-Fried’s legal team, led by Mark Cohen and Christian Everdell, has encountered difficulties in presenting a coherent narrative to the jurors. FTX co-founder Sam Bankman-Fried‘s trial is nearing its conclusion, with the prosecution set to conclude their case on October 26 after nearly 20 testimonies. The prosecution has called upon a wide range of witnesses…
Everste Company Description Academy Sports and Outdoors (NASDAQ:ASO) – Consumer Discretionary – Specialty retailer Founded in 1938, Academy Sports And Outdoors (“the company”) is a sport, outdoor, and recreational goods retailer that offers a vast selection of value-priced goods in the United States. Currently, it operates 270 locations under the Academy Sports And Outdoors name,…
Renowned financial educator and author of the best-selling book “Rich Dad Poor Dad,” Robert Kiyosaki, has once again made a bold prediction regarding the future of Bitcoin, suggesting that the cryptocurrency’s price is on a trajectory to reach $130,000. Kiyosaki’s pronouncement on X comes amid his growing concerns about inflation and a shifting global economic landscape….
Wirestock/iStock via Getty Images Nautilus Biotechnology (NASDAQ:NAUT) is trying to make molecule protein fingerprinting systems for the benefit of pharmaceutical development and diagnostics. It’s a proteomics play. The market size could be rather large, and Nautilus trades at about net-asset value, with its market cap barely exceeding the net value of cash and investments. We…
The group is suggesting a coordinated international push to tax billionaires. As governments of the world continue to tackle tax evasion, a new study has hinted at what might be their next line of action. This follows after an EU Tax Observatory group said that a global minimum tax on billionaires could help raise $250…
AzmanJaka Listen below or on the go on Apple Podcasts and Spotify Roche (OTCQX:RHHBY) to acquire Telavant (ROIV) (PFE) for $7.1B, adds new bowel disease therapy to pipeline. (00:22) Stonepeak agrees to buy shipping-container firm Textainer (TGH) for $50/share (update). (01:23) Japan antitrust watchdog to investigate Google (GOOG) (GOOGL) over search dominance – report. (02:32)…
The report also delved into the influence of artificial intelligence (AI) on the pension sector. Retirement planning has become an increasingly pressing issue as economic uncertainties and an aging population continue to shape global discussions. According to a recent study released by the Mercer CFA Institute Global Pension Index, the Netherlands has again reclaimed its…
Sean Anthony Eddy Investment Thesis Daiichi Sankyo (OTCPK:DSKYF) has a competitive breast cancer treatment drug with Enhertu, and its application could widen to a broad range of cancers and substitute chemotherapy treatment. Its long-term earnings outlook is positive, but premium valuation indicates high market expectations. We rate the shares as neutral. Quick Primer Initially established…
One more theory about the real Satoshi’s identity has been overturned. The world has got one option fewer with new questions arising, and it still remains to be learned whom we should thank for Bitcoin. Since the advent of Bitcoin (BTC), the actual identity of the programmer or a group of programmers standing behind it…
PM Images Introduction A new wave of covered call ETFs have swept unsuspecting income investors away with eye-popping distribution rates. The YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) is one such ETF currently promising a 60% distribution rate. You read that right. Sixty percent. TSLY Distributions (YieldMax ETFs) TSLY (I’ve been pronouncing it “tes-lee”, please…
By November, all Orb operators are expected to be paid entirely in WLD rather than USDC. Worldcoin Foundation has announced that starting in November 2023, it will pay its Orb operators in WLD tokens instead of USDC stablecoins. These operators are responsible for operating the specialized imaging devices known as Orbs, which play a central…
Huber & Starke As Charter Communications (NASDAQ:CHTR) celebrates its 30th anniversary, it is an opportune time to reflect on how the industry has evolved, how its Spectrum brand became the United States’ second largest cable operator (behind Comcast) with 32.2m customers and whether the value proposition still resonates with customers as strongly as in the…
In a surprising twist in Argentina’s presidential election, pro-Bitcoin candidate Javier Gerardo Milei has emerged as a formidable contender, forcing a run-off election against current Economy Minister Sergio Massa after the first round of voting. Javier Milei, a libertarian economist who has vowed to shut down the nation’s central bank and expressed support for Bitcoin,…
Darren415 Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as…
Riard noted in his report that the implications of the vulnerability could extend well beyond the Lightning Network. Bitcoin developer Antoine Riard has identified and reported what he believes might be a major security risk in the Bitcoin Lightning Network. In a report recently published, Riard shared that the loophole could potentially endanger funds moving…