OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the…
Mohammed Haneefa Nizamudeen/iStock via Getty Images Company Description Delcath (NASDAQ:DCTH) manufactures Hepzato Kit in the US and Chemosat in Europe. They are the same thing; it’s just a different name. This device enables percutaneous hepatic perfusion which I will call PHP in this article. This is a liver directed cancer treatment. It was approved in…
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Sean Zanni Thesis Block, Inc. (NYSE:SQ) shows promise with strong financial performance, including a nearly 28% YoY growth in gross profit and record-high adjusted EBITDA. However, concerns arise from its scattered business model, lacking a clear identity and strategic direction across services like Square, Cash App, Spiral, Tidal, and TBD. Comparisons with competition reveal significant…
UniqueMotionGraphics Exxon Mobil Corporation (NYSE: NYSE:XOM) aka ExxonMobil just announced its planned second act. The company’s goal is to become a leading supplier for lithium in electric vehicles. It’s begun that second act by slowly acquiring 120 thousand acres in Arkansas, which it plans to utilize to produce the lithium for more than 1 million…
Drazen Zigic/iStock via Getty Images Elevator Pitch I still award a Buy rating to CSL Limited (OTCQX:CSLLY) [CSL:AU] shares. My earlier article written on September 4, 2023 touched on the possibility of CSL Limited delivering above-expectations results in the future. In this latest write-up, I share my positive view of CSL Limited’s future shareholder capital…
PeopleImages We previously covered Warner Bros. Discovery (NASDAQ:WBD) in August 2023, discussing the potential improvement in its top and bottom lines, thanks to the massive success enjoyed by the Barbie movie. Combined with its breakeven trend for the D2C segment, returning advertising dollars, and inherent undervaluation, we had rated the stock as a Buy then….
SweetBunFactory In the recent Fiscal Q4 earnings report, Applied Materials, Inc. (NASDAQ:AMAT) has exhibited a strong financial performance, surpassing estimates and demonstrating robust growth across multiple segments. Despite an ongoing U.S. criminal investigation related to potential evasion of export restrictions, the company maintains a positive outlook. While the investigation has indeed cast a shadow over…
ADDvantage Technologies Group Inc. (NASDAQ:AEY) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Brett Maas – Hayden IR Joseph Hart – President and Chief Executive Officer Michael Rutledge – Chief Financial Officer Operator Good afternoon and welcome to the ADDvantage Technologies Group Fiscal 2023 Third Quarter Financial Results Conference Call….
Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Q3 2023 Results Conference Call November 13, 2023 5:00 PM ET Company Participants Denis Phares – CEO John Marchetti – CFO Conference Call Participants George Gianarikas – Canaccord Genuity Vincent Anderson – Stifel Brian Dobson – Chardan Jeff Grampp – Alliance Global Partners Operator Good afternoon. My name is Lester,…
The MAS will collaborate with local banks during the pilot, allowing them to issue tokenized bank liabilities on blockchain technology, streamlining the clearing and settlement processes. Singapore is gearing up for a groundbreaking move into the era of Central Bank Digital Currencies (CBDCs), with plans to pilot the live issuance and use of wholesale CBDCs…
Real Matters Inc. (OTCPK:RLLMF) Q4 2023 Results Conference Call November 17, 2023 10:00 AM ET Company Participants Lyne Beauregard – VP, IR and Corporate Communications Brian Lang – CEO Rodrigo Pinto – CFO Conference Call Participants Richard Tse – National Bank Financial Daniel Chan – TD Cowen Thanos Moschopoulos – BMO Robert Young – Canaccord…
15703083 AT&T Inc. (NYSE:T), along with the other Telcos, are major tenants of many of the tech real estate investment trusts, or REITs, so I came across them in performing due diligence on tenant rosters. As of late, AT&T has gotten quite cheap at 6.4X forward earnings with a greater than 7% yield. That makes…
Wpadington/iStock via Getty Images Super Group (NYSE:SGHC) operates online gambling sites. The company has battled with regulatory changes slowing down Super Group’s plans of significant growth, with a recent exit from the Indian market due to tax changes. If the company’s issues subside in the future, I believe that Super Group is positioned for significant…
She IPOs not, she IPOs, she IPOs not… VIDOK/E+ via Getty Images Reducing Hallucinations LLMs (large language models) such as ChatGPT have shown remarkable prowess in solving a broad range of problems, yet one of their remaining key issues are so-called “hallucinations”, i.e. their tendency to provide completely false information while sounding perfectly confident and…
Sean Rayford/Getty Images News On September 2, 2021, special purpose acquisition company Digital World Acquisition Corp. (NASDAQ:DWAC) held its initial public offering. The following month, the SPAC announced it was merging with Trump Media & Technology Group (TMTG), a recently-formed company centered around former President Donald Trump. The merger was a financial sensation: DWAC soared…
Post Holdings, Inc. (NYSE:POST) Q4 2023 Earnings Conference Call November 17, 2023 9:00 AM ET Company Participants Daniel O’Rourke – Investor Relations Robert Vitale – President and Chief Executive Officer Jeff Zadoks – Chief Operating Officer and Interim Chief Executive Officer Matt Mainer – Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants…
When the Web3 narrative got very popular in 2021, I was still in college and had only recently been introduced to blockchain technology, smart contracts, and decentralized applications. Like many at the time, I imagined that Ethereum or another highly performant smart contract blockchain would grow to become the base layer of the Internet. The…
Atkore Inc. (NYSE:ATKR) Q4 2023 Earnings Conference Call November 17, 2023 8:00 AM ET Company Participants John Deitzer – Vice President of Treasury and Investor Relations Bill Waltz – President and Chief Executive Officer David Johnson – Chief Financial Officer Conference Call Participants Alex Rygiel – B. Riley Deane Dray – RBC Andy Kaplowitz –…
Michael M. Santiago It has been about a month since Exxon Mobil (NYSE:XOM) and Pioneer Natural Resources (NYSE:PXD) announced their $59.5b merger. This highly accretive merger is expected to close sometime in 1h24 and will significantly bolster Exxon’s upstream daily production volumes by 16% and total upstream revenue by 30% as well as provide margin-expanding…
utah778 The Importance of Portfolio Management I’ve had a successful run as a retail investor, with an eight-year CAGR of 44%. I attribute my success to two things: my ability to find stocks that will outperform, and my portfolio management techniques, which may be of equal importance to my returns. Without good portfolio management techniques,…
Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost. Crypto payment company Strike has expanded its global services, allowing users in 36 countries, including El Salvador, Australia, and some African nations, to purchase Bitcoin (BTC) directly…
energyy Telephone and Data Systems Preferred Shares (TDS.PR.U) currently offer a better combination of yield and upside potential compared to its ordinary shares, being the best way to play the potential sale of its stake in UScellular Corp (USM). Business Overview Telephone and Data Systems (TDS) operates in the telecommunications industry, providing wireless products and…
Justin Sullivan SoFi Technologies, Inc. (NASDAQ:SOFI) buyers have attempted to bottom out for the past two weeks since its robust third-quarter or FQ3 earnings release. It’s a pivotal level for buyers to defend. If that level fails, buyers might need to brace for more pain, suggesting a return to SOFI’s May 2023 lows ($4.50 level)…
Taproot Wizards seeks to bring together developers to build different applications and solutions on top of the Bitcoin Base layer that will maximize the potential of the Taproot upgrade carried out in 2021 To strengthen the innovations in the world of Bitcoin, Taproot Wizards secured new funding to further develop the BTC ecosystem. The successful…
da-kuk As we approach the final months of 2023, consumer strength has been somewhat mixed, but has overall been running out of steam due to stubbornly high grocery prices and higher housing costs. Interestingly, consumers continue to spend on experiences like concerts, movies, and restaurants. But to do this, they are cutting back on prices…
Bet_Noire/iStock via Getty Images Warren Buffett’s mentor, Benjamin Graham, famously stated that “in the short-run, the stock market Is a voting machine, but in the long-run, it is a weighing machine”. That means stock prices tend to be driven by investor psychology in the short-term, but by valuation levels in the long-term. The value of…
Russell Porcas/iStock via Getty Images Investment thesis Carpenter Technology Corporation (NYSE:CRS) is not a growth company. Over the past 11 years, its revenue only grew at 1.2 % CAGR. Sales volume declined. Its earnings have been very volatile and I have concerns about its business fundamentals. The company has set a goal to double the…
As part of the Stage 2 testnet launch, operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA, signaling a significant advancement in its development journey toward the complete EigenLayer vision. The release of Stage…
BrianAJackson Rumble Inc. (NASDAQ:RUM) has had a bumpy ride since I last wrote about the stock. The company has sent a lot of mixed signals to investors over the last few quarters. Some aspects of the business are seeing strong growth while others are not. The company saw growth take off last year. This year…
The platform includes a Coinbase Commerce button which allows merchants to easily accept payments for goods, services, and donations. In a groundbreaking move towards enhancing the user experience in onchain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. This development, announced in a recent blog post, is set to address the challenges…
Drew Angerer Thesis In this analysis of Palantir Technologies, Inc. (NYSE:PLTR), I will elucidate the compelling reasons why Palantir remains a “strong buy” even after experiencing a substantial rally of over 169%. According to my calculations, should analysts’ estimates materialize, the stock has the potential to ascend to $49.6, reflecting a significant upside. In light…
Tether’s strong financial muscle and deep pockets will help it position strongly among other competitors in the Bitcoin mining space. In a major revelation, Tether chief executive Paolo Ardoino announced that the company is eyeing a move in the Bitcoin mining market. As per reports, the $87 billion stablecoin operator has already made hefty investments in…
TomasSereda Gold stocks are not yet unique within the wider macro, but that does not preclude a move to 40 by GDX [edit] Interesting, however, that on the day this was written (pre-market, 11/16) gold stocks came out of the gate positive while much of the rest of the macro is going the other way…
This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs. Europe-based crypto asset management firm CoinShares has obtained an exclusive option to acquire the ETF unit of Valkyrie Investments. This will help CoinShares strategically position itself in the US market amid expectations of the…
JayLazarin In March 2023, the U.S. banking system hit a bump in the road. Several commercial banks failed and the Federal Reserve, even while it continued its program of quantitative tightening, worked with the banking system in order to keep the U.S. financial system working and the U.S. economy growing. In keeping the banking system…
Amazon users will be able to find and buy Hyundai vehicles of choice from different US local dealers beginning next year with the Alexa built-in expected to be integrated into the company’s next-generation vehicles. Leading online retail shopping company Amazon.com Inc (NASDAQ: AMZN) has announced a broad and strategic partnership with South Korea-based automotive manufacturer…
marrio31 Investors have seemingly accepted the narrative of a soft landing with a face-ripping rally in the SPDR S&P 500 ETF (NYSEARCA:SPY) over the past couple of weeks. As the following chart highlights, SPY has enjoyed a euphoric rise of nearly 10% since October 27th. Data by YCharts This has pushed the year-to-date gains back…
Complementing Emu Video, Meta introduced Emu Edit, a precision-focused model dedicated to image manipulation. Meta Platforms Inc (NASDAQ: META), the parent company of Facebook and Instagram, has unveiled a suite of artificial intelligence (AI) models designed to revolutionize video generation and image editing on its social media platforms. According to a company blog post on…
Julia_Sudnitskaya/iStock via Getty Images Summary Graphic Packaging Holding Company (NYSE:GPK) is a leading provider of paper-based packaging solutions, mainly for the food, beverage, and consumer product segments. It specializes in the design and manufacturing of folding cartons, foodservice packaging, and other paper-based products. As a direct result of GPK’s third quarter results, which reported declining…
The Flare Reputation Score, born out of the collaboration between Flare and Bloxico, stands as a testament to the commitment to transparency, trust, and community empowerment within the blockchain realm. Flare Network, the blockchain for data, has recently unveiled a groundbreaking partnership with Bloxico, a pioneering blockchain technology company to introduce a novel metric, the…
shaun From my point of view, Mastercard (NYSE:MA) is one of the best companies you can include in your long-term portfolio. Many people think it is overvalued or that, due to their size and dominant market position, they will find it very difficult to sustain double-digit top-line growth for many years. In my opinion, this…
Avara is hoping to create extensive access and usability for blockchain technology. Aave Companies have rebranded to Avara as a way of repositioning itself to attract a wider Web3 audience. According to Stani Kulechov, founder and CEO of the company, the move is necessary due to the growing list of offerings by Aave (now Avara)….
OneWater Marine Inc. (NASDAQ:ONEW) Q4 2023 Earnings Conference Call November 16, 2023 8:30 AM ET Company Participants Jack Ezzell – Chief Financial Officer Austin Singleton – Chief Executive Officer Anthony Aisquith – President and Chief Operating Officer Conference Call Participants Michael Swartz – Truist Securities Craig Kennison – R.W. Baird Griffin Bryan – D.A. Davidson…
inside-studio/iStock via Getty Images Note to the Reader This is my third article covering Microsoft’s (NASDAQ:MSFT) continued push into gaming and the build-out of its Game Pass service. In previous articles, I’ve noted how the business model of game distribution is ripe for innovation and the threat that Game Pass may have to future competition….
Daniel Wright Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, Israel-based liner company ZIM Integrated Shipping Services Ltd. (“ZIM”) reported weak quarterly results and lowered its profitability outlook for the second time this year due…
RobsonPL After analyzing Intesa Sanpaolo and BNP Paribas’ quarterly performance, today we decided to move forward with Crédit Agricole (OTCPK:CRARF). Post the bank ‘Ambitions 2025‘ plan and Q2 results; we increased our target price to €13.1 per share. Italian and French banks are correlated, given the fact that both Crédit Agricole and BNP Paribas have…
Sundry Photography Investment thesis My initial bullish thesis about CrowdStrike (NASDAQ:CRWD) aged extremely well as the stock rallied by 35% over the last three months, compared to a one percent growth for the broader stock market. Even though my updated valuation analysis suggests the stock price is now traded at fair value after a massive…
JLGutierrez Among a large slate of economic data released on Thursday morning, jobless claims disappointed, with both initial and continuing claims coming in higher than expected. For initial claims, the seasonally adjusted number rose meaningfully from an upwardly revised 218K last week to 231K. That compares with expectations of a more modest increase to 222K….
Ben Hider/Getty Images Entertainment I wrote a piece on the long and confusing history of International Business Machines (NYSE:IBM) moving up strongly when Wall Street is generally rolling over in price. For example, IBM reached multi-year highs in early 2020, right as the COVID-19 pandemic was starting to make headlines. This awkward and hard to…