Amkor Technology, Inc. (NASDAQ:AMKR) Q3 2023 Earnings Call Transcript October 30, 2023 5:00 PM ET Company Participants Jennifer Jue – Head of Investor Relations Giel Rutten – Chief Executive Officer Megan Faust – Chief Financial Officer Conference Call Participants Tom Diffely – D.A. Davidson Randy Abrams – UBS Steve Barger – KeyBank Capital Markets Operator…
Nathan Howard Tesla, Inc.’s (NASDAQ:TSLA) weak performance in Q3 indicates that the company is no longer a no-brainer investment in the current environment, which is full of macroeconomic and geopolitical risks that have already begun to negatively affect the company’s business in different markets. Even though Tesla’s CEO Elon Musk tried to soften the blow…
SJW Group (NYSE:SJW) Q3 2023 Earnings Conference Call October 30, 2023 2:00 PM ET Company Participants Andrew Walters – Chief Financial Officer and Treasurer Eric Thornburg – Chair, Board, President and CEO Conference Call Participants Angie Storozynski – Seaport Research Richard Sunderland – JPMorgan Jonathan Reeder – Wells Fargo Securities Gregg Orrill – UBS Operator…
Turkiye Garanti Bankasi A.S. (OTCQX:TKGBF) Q3 2023 Earnings Call Transcript October 30, 2023 10:30 AM ET Company Participants Handan Saygin – IR Director Recep Bastug – CEO Conference Call Participants Waleed Mohsin – Goldman Sachs Pinar Uguroglu – BNP Paribas/TEB Operator Hello and thank you for joining us in Garanti BBVA’s Third Quarter 2023 Financial…
Ivan Kyryk/iStock Editorial via Getty Images Investment Thesis Volkswagen (OTCPK:VWAGY) stands as a prominent global automotive manufacturer, renowned for its substantial size and extensive international footprint. The company’s strategic emphasis on electric vehicles (EVs) and sustainable mobility solutions positions it favorably to capitalize on the escalating global shift towards clean energy and environmental awareness. With…
janiecbros/E+ via Getty Images Physicians Realty Trust (NYSE:DOC) is a real estate investment trust (“REIT”) that we recently got behind and suggested buying in the $10-$11 range. Well, you can forget about it now, because DOC is being bought out by Healthpeak Properties, Inc. (NYSE:PEAK). Folks, we consider this one of the worst deals we…
JHVEPhoto Investment Thesis Background Leidos Holdings, Inc. (NYSE:LDOS), a Fortune 500 company and leader in technology, engineering, and science, provides services and solutions in the defense, intelligence, civil, and health markets, both domestically and internationally. The company is headquartered in Virginia, USA, and was founded in 1969. Tom Bell became the CEO in May 2023….
utah778 America is a land of taxation that was founded to avoid taxation.” Dr. Robert J. Peter. Today, we put Asure Software, Inc. (NASDAQ:ASUR) in the spotlight for the first time. As can be seen below, the stock in this small software concern has been cut in half since late April despite the company being…
Viktor Aheiev I have a trend of my own. – Andrei Platonov. You’re supposed to buy when no one else wants to. Let me say that again. You’re supposed to buy when no one wants to. We just went through the greatest bond market crash in history. That sounds bullish. And that’s why the iShares…
The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to address the shortage of…
abadonian Author’s Note: Since Enbridge Inc. is reporting in Canadian Dollars, all numbers refer to Canadian Dollars (unless stated otherwise). Introduction In this article, I will initiate coverage on my single-largest dividend position Enbridge Inc. (NYSE:ENB)(TSX:ENB:CA). I bought my first shares in the aftermath of the pandemic in late September 2020, a time when the…
K-Bank aims to capture 20% of the crypto market in Thailand through the acquisition of Satang Pro. In a bold move signaling growing integration between traditional finance and the burgeoning cryptocurrency industry, Kasikornbank, one of the largest banks in Thailand, has purchased a majority stake in a local digital assets trading platform called Satang Pro….
phive2015 Investment Thesis Illinois Tools Work’s (NYSE:ITW) revenue growth should benefit from strength in its end markets like Automotive OEM and Food and Equipment, the Chinese economy reopening gaining momentum, new product innovation, and market share gains which should more than offset the weakness in end markets like Semiconductors and Welding. Beyond 2023, the company’s…
In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United…
Scott Olson Thesis GameStop Corp. (NYSE:GME) is a retail company that offers games and entertainment products through its physical stores and e-commerce platforms. As of Jan 28, 2023, it has over 4413 stores across its four geographical segments, the majority of which are in the U.S. (2949). GME stock has been falling since 2021 due…
NEOM is set to pump $50 million into Animoca Brands as Animoca supports the region’s Web 3.0 and tech goals as part of Saud’s 2030 vision. Hong Kong-based game developer and venture capital company Animoca Brands Corporation Ltd has announced a strategic partnership with Saudi Arabia’s NEOM Investment Fund. The two entities are collaborating to…
Oselote First Majestic Silver Corp. (NYSE:AG) is a silver mining company that we have traded several times in the past. In our last coverage we recommended a tactical short which led to very nice returns. Now we are in a higher metal price situation, though performance continues to disappoint. However, we are lifting that sell…
The G7’s AI Code of Conduct emerges at a time when governments worldwide are grappling with the transformative power of AI. The Group of Seven (G7) industrial countries, consisting of Canada, France, Germany, Italy, Japan, Britain, the United States, and the European Union is set to make a significant stride in the Artificial Intelligence (AI)…
Charley Gallay Introduction Many investors tend to overly emphasize the discounted price a company trades at and focus on their own perception of the value of the business. They often fail to consider that certain companies are priced low due to underlying issues. This corresponds with life’s principle that one gets what he pays for….
The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing…
FatCamera Investment action I recommended a buy rating for Molina Healthcare, Inc. (NYSE:MOH) when I wrote about it the last time, driven by my belief that the market was undervaluing its evident potential for growth. After a thorough review of MOH’s third quarter results, my conviction has only strengthened. The company has showcased robust growth,…
In a recent interview at Bitcoin Amsterdam, Gabriel Shipton discussed the anonymous group of activists known as Project Spartacus and his mission to secure the freedom of his brother, Julian Assange. In recent years, the intersection of technology and journalism has paved the way for groundbreaking initiatives. One such initiative is Project Spartacus, a revolutionary…
Daqo New Energy Corp. (NYSE:DQ) Q3 2023 Earnings Conference Call October 30, 2023 8:00 AM ET Company Participants Xiang Xu – Chairman and Chief Executive Officer Ming Yang – Chief Financial Officer Conference Call Participants Philip Shen – ROTH MKM Alan Lau – Jefferies Gordon Johnson – GLJ Research Frank Fan – Nomura Operator Good…
The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all…
pawel.gaul A terrorist attack by Hamas on Israel on October 7th has launched a chain of events that’s begun to transform the Middle East. Even though oil has been moving up hesitantly in the past three weeks, for me, it’s becoming increasingly more clear that oil prices may get a powerful boost amid rising escalation…
CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21…
bjdlzx Quick Business Overview Arrow Exploration is mainly UK listed/traded but also Canada and US listed whilst top management are located in Canada and the bulk of production comes from Colombia. Management have a successful history of building up small oil companies and exiting these in sales to strategic acquirers after several years at high…
In a compelling tale of persistence and financial prudence, a Reddit user embarked on a unique investment experiment, demonstrating the potential rewards of consistently investing small amounts, or dollar cost averaging, into Bitcoin. The Redditor, going by the handle u/Gorillahair2000, initiated an experiment to determine whether allocating just $5 per day into Bitcoin was a worthwhile endeavor,…
PeopleImages Carrier Global Corporation (NYSE:CARR) announced its Q3 FY23 earnings on October 26th. The management is confident about delivering mid-single-digit organic revenue growth and a 15% adjusted EPS growth for the full year. I believe their cost control initiative is well-positioned for margin expansion in the coming years. Considering the recent market pullback, Carrier’s stock…
With Cardano and Dogecoin engaged in a tight battle, here’s a look into what each of these coins are up to in the near term. The altcoin space has been buzzing with activity over the past few weeks and currently, both Cardano (ADA) and Dogecoin (DOGE) have been engaged in a tight battle for the…
CHUNYIP WONG Figures are in CAD unless otherwise stated. Enerflex (TSX:EFX:CA) (NYSE:EFXT) is in a current state of flux in which bookings and backlog appear to be rising on strong energy economics only to be pulled back by a large debt burden as a result of the Exterran acquisition that has left the firm with…
The threat of online censorship is real and an ever-expanding threat to our freedom of speech and association. Before the creation of the Internet, the way most people connected was through their community. Places such as moose lodges, rotary clubs, union halls, car clubs, Boy Scouts, and Girl Scouts were the primary ways people in…
DNY59 Defying the skeptics all year long, consumers continued to power the ongoing expansion, as economic growth in the third quarter soared at an annualized 4.9%. Yet that did not drive interest rates higher, as the consensus might have anticipated because inflation data in the report was better than expected. As a result, bond yields…
Although the monetary terms of the acquisition were not disclosed, this is not the first time Animoca Brands would be investing in Web 3.0 game companies. Popular gaming giant Animoca Brands has announced its acquisition of Web 3.0 streaming platform Azarus as part of its metaverse gaming revolution. Animoca would be seeking to leverage Azarus’…
bodnarchuk Introduction The Toronto-based Alamos Gold Inc. (NYSE:AGI) released its third-quarter results on October 25, 2023. Note: This article updates my article published on July 31, 2023. I have followed AGI on Seeking Alpha since August 2017. President and CEO John McCluskey said in the conference call: We delivered another strong quarter with production of…
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary…
Feverpitched Today, I invest about 50% of my net worth into a portfolio of 25 real estate investment trusts, or REITs, that I have cherry-picked to maximize returns in a future recovery. But I often get asked: What REITs would you buy if you could only own 3 of them? It is a tough question…
The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving. The hashrate for Bitcoin hit a record high on Saturday, cresting at 543 EH/s at 8:00 am GMT. This beat the 525 EH/s recorded on the 7th and 10 of October. The current high puts the…
NongAsimo Introduction The last time I wrote about Sterling Infrastructure, Inc. (NASDAQ:STRL) was in mid-July 2023 when the stock was trading at $59.11. At the time I initiated a “Buy” rating, so I’m glad to see that since then STRL stock is up almost 20% while the S&P 500 Index (SPY) (SP500) (SPX) is down…
In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion). Tether (USDT) stablecoin has become the most widely used cryptocurrency in Brazil, with its adoption incredibly soaring this year. According to the report from Brazil’s Receita Federal (the Special…
choness This article was co-produced with Kody Kester of Kody’s Dividends. ———————————————————————————- Successful investing centers on the principles of quality first, valuation second, and smart risk management invariably. Albemarle Corporation (NYSE:ALB) is a best-of-breed specialty chemicals company mostly focused on the white gold of the 21st century, lithium. Eli Lilly and Company (NYSE:LLY) is a…
In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share. HSBC Holdings Plc (LSE: HSBA.L), Europe’s largest bank by assets, has reported remarkable financial results for the third quarter of 2023, with its profit after tax surging to $6.26 billion. Beyond Profits: HSBC’s Q3 2023…
Scott Olson The recent market environment has proved especially challenging for a lot of stocks typically viewed as defensive. From the YTD high reached on July 27, 2023, the S&P 500 ETF Trust (SPY) has delivered a total return of -8.9%. Typically during market sell-offs, two sectors that tend to outperform due to their defensive…
SBF began his official testimony in the case against him on October 27. The former FTX CEO Sam Bankman-Fried’s (SBF) criminal trial took a new turn last week after he agreed to give his testimony before jurors. The Criminal Trial So Far The SBF trial kicked off with jury selection on October 3. Since then,…
RiverNorthPhotography Shares of Bank of New York Mellon (NYSE:BK) have traded flat over the past twelve months, outperforming some regional banks that were hurt by the deposit crisis after the failure of Silicon Valley Bank, but also underperforming the broader market. Ultimately, I see BNY as essentially trading around fair value given the lack of…
Ripple CEO Brad Garlinghouse reminds how Jay Clayton has pushed the case against Ripple while exposing his hypocrisy against the recent SEC actions. Ripple CEO Brad Garlinghouse has expressed strong criticism of former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s statements concerning the regulatory approach of the agency. In early 2023, the…
Milan Markovic/E+ via Getty Images Shares of Kimco (NYSE:KIM) have had a challenging twelve months, losing about 18% of their value. Since I recommended shares last October, they have returned a disappointing -10%. As I expected, the company has been raising its dividend, up from $0.22 to $0.24 with another penny increase possible in the…
Amax Photo/iStock via Getty Images I came across the Innovator Buffer ETFs earlier this year when I reviewed the Innovator Nasdaq-100 Power Buffer ETF – April (NAPR) and recommended investors choose the July series instead. I believe the Buffer ETF concept is an interesting innovation that may be useful for conservative investors worried about market…
samxmeg SCHE strategy and portfolio Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) started investing operations on 1/14/2010 and tracks the FTSE Emerging Index. It has 1918 holdings, a trailing 12-month yield of 3.17% and an expense ratio of 0.11%. Distributions are paid semi-annually. As described by FTSE, The FTSE Emerging Index provides investors with a comprehensive…
Having adopted Bitcoin alongside the United States dollar as the legal tender two years ago, El Salvador has attracted significant capital investment through tourism and immigration compared to its neighbors. Amid the global economic shift caused by the fast growth of the BRICS alliance, the Middle East crisis, and the Russia vs Ukraine war, El…