ljubaphoto/E+ via Getty Images Background In our previous post-Q2 2023 earnings note, we maintained a buy rating on Calliditas Therapeutics AB (publ) (NASDAQ:CALT) based on two key theses: a) the sales ramp of Tarpeyo accelerating in 2024 with the label expansion and improvement in market access, and b) label expansion around disease modifying claim and…
kynny A Quick Take On Mingteng International Mingteng International Corporation Inc. (MTEN) has filed to raise $11.1 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. The firm provides a range of industrial casting products for the automobile sector in China. Due to the company’s dropping top line revenue,…
coffeekai/iStock via Getty Images ImmunoGen, Inc. (NASDAQ:IMGN) has been making great progress in being able to advance its pipeline. The reason why I state that is because it is gearing up to have a meaningful year in 2024. That’s because it has already been given Accelerated Approval of its drug Elahere, which was approved to…
Spencer Platt Comments on our last coverage of the stock In our last coverage of CVS Health (NYSE:CVS) on February 3, 2020, we emphasized the economic moat of the company with a special focus on its acquisitions, brick-and-mortar store improvements, and its e-commerce offering. Back then the company had acquired Omnicare, Target Pharmacy, and Aetna….
Chip Somodevilla The past two years have marked a traumatic and rather unexpected journey for Meta Platforms, Inc. (NASDAQ:META), which has been a well-respected company that was widely recognized and hailed as one of the best investment opportunities in the last decade, only for the market to turn on it in a single night after…
Giulio Fornasar Introduction Even though it is a blue chip and even though it is a utility, Enel (OTCPK:ENLAY) has certainly not been a SWAN stock in the past few years. Just look at its price, and we see a rollercoaster going up and down with sudden swings and then big surges. We have even…
Stefano Spicca In this piece, we will outline how fiscal policy–specifically, deficit-spending– results in positive net-transfers from the Treasury into private-sector bank accounts and thus drives the stock market higher. Fiscal-Policy The Federal government is the currency-creator and, therefore, has no need for an income like a currency-using household does. The laws of Congress allow…
Eloi_Omella Investing in highly cyclical and commoditized areas of the equity market presents us with certain unique challenges that should be addressed accordingly. A perfect example is the area of agricultural inputs or more specifically, fertilizers and agricultural chemicals where Nutrien Ltd. (NYSE:NTR) has become the most dominant player following the merger between Agrium and…
Understanding Stablecoins Stablecoins are a type of cryptocurrency that aims to maintain a stable value by pegging it to another asset, such as a fiat currency, precious metal, or a basket of assets. Stablecoins have gained significant popularity in recent years due to their potential to address some of the limitations of traditional cryptocurrencies, such…
Michelle Lee Photography/iStock via Getty Images Introduction Luckin Coffee (OTCPK:LKNCY) is a Cayman Islands holding company that provides exposure primarily to the fast-growing coffee retail market of China (recently it has taken tentative steps to expand internationally by venturing into the Singapore market. The company has been around since 2017, and since then it has…
tonaquatic Thesis overview MorphoSys AG (NASDAQ:MOR) recently announced positive topline results from its phase 3 trial of pelabresib in myelofibrosis (MF). The study easily met the primary endpoint. However, despite the strong positive trend, statistical significance was not achieved at key secondary endpoints assessing symptomatic improvement. Nevertheless, in a pre-specified subgroup analysis in intermediate-risk patients…
David Gyung UiPath (NYSE:PATH) has reaccelerated its growth while becoming most efficient on the sales & marketing front, making it an attractive growth stock heading into 2024. Company Profile Originally classified as a robotic process automation (RPA) firm, PATH now considers itself an AI-powered automation firm. Its platform allows users to build automation that uses…
Max Zolotukhin As we head toward the end of yet another year of unexpected twists-and-turns, it is important for investors to stay the course and keep focused on the long-term. With that in mind, and from my perspective as a 15-year contributor on Seeking Alpha, there are three primary mistakes the majority of ordinary investors…
eToro’s foray into the UAE comes amidst a period of global expansion for the platform. The retail and social trading giant eToro recently announced that it has received a license from the Abu Dhabi Global Market (ADGM) to operate as a broker in securities, derivatives, and crypto assets in the United Arab Emirates (UAE). eToro Bags…
anzeletti/E+ via Getty Images Dear readers, I don’t cover technology stocks often here on Seeking Alpha, and it’s for a good reason – my current exposure to the sector is very low. It’s not that I don’t believe in technology and don’t think that these are great businesses. Believe me, I do, and I had…
Lightning is doomed. High fees from Ordinals have killed all hope of scaling Bitcoin non-custodially, there is no chance at all that people will be able to cost effectively open channels or enforce hung payments on-chain when necessary. It’s all over, pack it all up guys. Time to start shopping around and deciding whether Coinbase…
Funtap This article analyzes how new monetary technologies have significant potential to disrupt the existing legacy money system over the next years and decades. To the extent that this occurs, it would have macroeconomic implications and would offer investment opportunity along the way. 160 Different Currency Bubbles There are over 160 different state-issued currencies in…
The SEC website showed one memorandum with details of a discussion with BlackRock, and another one on a discussion with Grayscale. The US Securities and Exchange Commission (SEC) on Sunday revealed on its website one memorandum detailing discussions with financial giant BlackRock (NYSE: BLK), and another with crypto asset manager Grayscale Investments. These memos involved…
Get Started Using Seeking Alpha Premium Today! The transcript found below is for readers who would like to follow along. Please note that the transcription may not be 100% accurate. Daniel Snyder: Hey everyone, I’m Daniel Snyder from Seeking Alpha. Thank you so much for joining us on this exclusive webinar today for an exciting,…
The new Binance CEO has noted that Binance will begin operating a conventional corporate structure under his leadership. New Binance CEO Richard Teng has promised that the firm will maintain a greater commitment to transparency moving forward. Teng made this pledge in his first blog post to the company users. Mr Teng took over as…
Alessandro Biascioli Elevator Pitch I still award a Hold rating to PLDT Inc. (NYSE:PHI) [TEL:PM] stock. Previously, my September 10, 2023 article touched on PLDT’s full-year financial outlook. I turn my attention to PHI’s data center and mobile businesses in the current article. The competitive threat posed by new entrant Dito Telecommunity in the wireless…
Bitcoin mining company DEMAND has announced today the world’s inaugural Stratum V2 mining pool, according to a press release sent to Bitcoin Magazine. This pool, built on the open-source Stratum Reference Implementation (SRI), aims to usher in a new era for mining by introducing enhanced security, flexibility, and performance. The Stratum V2 protocol marks a significant leap forward…
Smart Share Global Limited (NASDAQ:EM) Q3 2023 Earnings Conference Call November 27, 2023 8:00 AM ET Company Participants Hansen Shi – Director of Investor Relations Mars Cai – Chairman and Chief Executive Officer Maria Xin – Chief Financial Officer Conference Call Participants Victor Tang – Goldman Sachs Vicky Wei – Citi Charlie Chen – China…
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol. The XRP community is excited at the increased growth prospects of the XRP blockchain since the RIpple-Metaco deal was sealed. Recall that Ripple announced a $250 million acquisition of Swiss crypto custody platform Metaco to…
ollo/E+ via Getty Images We maintain a neutral sentiment on Zoom Video Communications, Inc. (NASDAQ:ZM). Investors got excited last quarter when Zoom beat expectations and guided higher for FY on enterprise business strength, but October quarterly results and management’s guidance for its January quarter confirm our negative thesis that weak enterprise spending will likely continue…
Buterin also touched on the roadmap for Ethereum’s technical upgrades, referring to an imminent transition called ‘Danksharding’ that expands data availability and enables more transactions per block. Speaking recently at the Turkey Blockchain Summit, Ethereum co-creator Vitalik Buterin discussed some of the platform’s plans for enhancing decentralization around staking while providing updates on upcoming network…
ablokhin Investment Thesis Strong consumer spending this year allowed Five Below, Inc. (NASDAQ:FIVE) to deliver strong revenue growth in recent quarters, which supported the stock price. However, it is also crucial to underline that profitability metrics are deteriorating notably. My analysis suggests that headwinds for the bottom line are still in place from both the…
Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition. On Monday, September 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance…
NongAsimo YCharts K92 Mining’s (OTCQX:KNTNF) Kainantu Gold Mine lies in the heart of Papua New Guinea’s Eastern Highlands province. The mine is situated in a vast 830 km2 land package, and it is a high-grade, low-cost underground mining operation. While it is already a profitable, producing gold mine, the best is likely yet to come….
In the midst of economic uncertainties, the crypto market, particularly Bitcoin, has experienced notable price movements. The crypto market is witnessing a surge in Bitcoin (BTC) price, reaching over $37,400, while US Treasury yields remain little changed since Friday. As investors keep a close eye on economic data that could influence the Federal Reserve’s monetary…
Ghing JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) is a newly launched fund given to us by the company that brought us highly popular funds like JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The fund’s description says that it will invest in large cap American stocks identified by…
KyberSwap has stated that it will continue to cooperate with law enforcement and cybersecurity experts to recover user funds and track down the perpetrators of the attack. The KyberSwap team has recovered approximately $5.7 million after last week’s $47 million hack on KyberSwap liquidity pools on Polygon and Avalanche. The company announced that it has…
Irina Nedikova Foreword As a supplement to this article, please note that The Motley Fool, which sourced this latest list, and Sure Dividend, which claims RPM & LOW as kings on their list, both update their lists periodically. While most of this collection of 49 Kings is too pricey to justify their skinny dividends, five…
The recent price surges seen in both the USTC and LUNC, once again highlight the undying resolve and commitment of the Terra Classic community to bring value to both assets. Algorithmic stablecoin TerraClassicUSD (USTC) has received a massive boost in the last 24 hours, posting over 283% gains within the period. As of publication, CoinMarketCap…
herkisi Overview The dollar is beginning the week on a soft note, despite the modest backing up of yields over the last couple of sessions and better-than-expected data, including Black Friday sales and the preliminary November PMI. It is sporting minor losses against all the G10 currencies but the Canadian dollar, which is the weakest…
Israeli security agencies note that the Tron network has become the preferred platform for crypto transfers by militant groups linked to Palestine, Hamas, etc. In Israel’s ongoing battle against the financing of Iran-backed militant groups such as Hamas and Hezbollah, a previously less scrutinized crypto network Tron has emerged as a significant player. Surpassing Bitcoin…
PeopleImages Right when CareTrust REIT (NYSE:CTRE) delivered its previous earnings package, I issued an article arguing that the Company was a hold even though the fundamentals improved across the board. The key reason for a somewhat conservative stance despite solid like-for-like figures and strengthened balance sheet was the divergence between the expectations of buyers and…
Bitcoin has seen a positive trend over the past few weeks after dropping to a new all-time low last year due to the crypto winter that wiped billions of dollars from the industry. Standard Chartered Bank is doubling down on its Bitcoin (BTC) predictions, suggesting that the leading crypto asset has the potential to soar…
Olekcii Mach/iStock via Getty Images If a major recession can be avoided in 2024, one stock that could sail to big gains is MarineMax (NYSE:HZO). The enterprise is one of the largest U.S. sellers of new and used boats, based in Florida, with 130 locations around the world. The upside of its business model, and…
Kwon has requested input from Cosmos community members, as he asked them to put forward their ideas about a split. On Sunday, November 26, Cosmos founder Jae Kwon proposed a chain split to community members, following an earlier decision to reduce ATOM’s inflation. The Cosmos community had earlier agreed to take the inflation of ATOM…
Oil pipeline in the sunset bjdlzx The last time I covered Enbridge (NYSE:ENB) (TSX:ENB:CA) stock, I rated it a hold. The reason for this rating can be found in the article I wrote on it, but basically, I had two concerns about the stock: The payout ratio at the time was very high. The balance…
What has surprised many observers closely monitoring these illicit activities is the recurring association of these hacks with platforms connected to Justin Sun. The cryptocurrency trading platform HTX, formerly known as Huobi, which has ties to industry entrepreneur Justin Sun, regained functionality this week following a security breach resulting in an estimated $30 million loss….
mesh cube/iStock via Getty Images On April 2023 we initiated on Rambus (NASDAQ:RMBS) with a buy rating. Our thesis was supported first by the A.I. revolution and by the massive shift to DDR5 memory. Since our initiation, the stock has generated a 20.69 % alpha against the S&P. In this article, we will dive through…
OKX is launching its Web3 wallet platform and cryptocurrency exchange in Brazil. It has been officially revealed that one of the leading cryptocurrency exchanges and Web3 tech firms OKX launched its Web3 wallet platform and cryptocurrency exchange in Brazil. Thanks to this move, users in Brazil will have access to secure access to decentralized finance…
Marcus Lindstrom/iStock via Getty Images Have you heard about Vontier Corporation (NYSE:VNT)? It’s one of those under-the-radar companies that’s been quietly making waves. This year, as the U.S. economy flexed its muscles against rising interest rates, Vontier stood out as a resilient player. I’ve brought this gem to your attention before, suggesting it’s worth keeping…
Despite the shutdown of Inferno Drainer, the crypto community remains vigilant as other providers, such as Pink Drainer and Angel Drainer, continue their operations. Inferno Drainer, one of the most notorious crypto wallet-draining kits, has announced its closure after assisting phishing scammers in stealing over $80 million worth of crypto this year. The team behind…
urbazon/E+ via Getty Images In my previous StoneCo (NASDAQ:STNE) article, I adopted an optimistic stance on the payments company, emphasizing its exceptional position among domestic peers due to rapid expansion and growth. Seeking Alpha Over the last month, the bullish thesis has proven valid, especially considering that the third-quarter results potentially marked the end of…
To increase its BTC mining capacity, HIVEDigital is buying a data center site in Sweden. Canada-headquartered BTC mining company HIVE Digital has announced its intention to buy an additional data center facility that is located in Sweden. It has been revealed that for this strategic acquisition, the company will with cash (up to $750 000)…
AntonioSolano Investment Thesis I argue that ONEOK (NYSE:OKE) is likely to see a 2% to 3% dividend increase in 2024, meaning that there’s the potential that this stock could be yielding slightly more than 6% in 2024. And at the same time, I assert that there’s a lot more to this stock than just its…
ZoltanGabor This article is part of a series that provides an ongoing analysis of the changes made to Fundsmith’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 11/14/2023. Please visit our Tracking Terry Smith’s Fundsmith 13F Portfolio series to get an idea of their investment philosophy and…