Animoca will leverage TON Play, a TON-based gaming infrastructure that allows projects to launch directly onto Telegram. Hong Kong-based gaming venture capitalist Animoca Brands has announced its strategic investment in the TON ecosystem. Following the investment, Animoca became the largest validator of The Open Network (TON) blockchain. According to emerging reports, the venture capital firm…
JulPo A Quick Take On CoreCard CoreCard Corporation (NYSE:CCRD) reported its Q3 2023 financial results on November 1, 2023, missing consensus revenue estimates. The company provides various payment processing services to businesses and consumers located worldwide. I previously wrote about CCRD with a Hold rating based on a shift in focus from licensing to processing….
In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on China’s impact on Bitcoin (BTC)…
Gregor Fischer I’ve been cautious about shipping company Hapag-Lloyd (OTCPK:HLAGF) for a while now (see prior coverage here), largely on account of a sector-wide downturn. If the latest quarterly miss and guidance downgrade (implying deeper Q4 EBIT losses) were anything to go by, these concerns still stand. In sum, the company, like many of its…
Dan Tapiero also shared insights into his bullish Bitcoin price prediction emphasizing on the cryptocurrency’s role as a monetary network and immutable, distributed ledger. Bitcoin has been flirting around $37,000 levels for a while and has left investors confused over what could be its next direction. Long-term investors continue to stay bullish over its future….
Justin Sullivan The hatred runs deep I previously wrote about another fin-tech, a strong buy, clobbered 80% down – Block Inc. (SQ). I also noted that I have started to buy PayPal Holdings Inc. (NASDAQ:PYPL), similarly down nearly 80%, this stock has some fundamental advantages and disadvantages to the Block Inc. pick. Block is growing…
Traditionally, creating an n-of-n multisig using CHECKMULTISIG means you’ll publish a proportional number of signatures and public keys on the blockchain to signers in the transaction. This approach not only reveals the total number of participants in the transaction, but also incurs progressively higher transaction fees as the number of signers grow. MuSig, on the…
Citi Trends, Inc. (NASDAQ:CTRN) Q3 2023 Results Conference Call November 28, 2023 9:00 AM ET Company Participants Nitza McKee – Senior Associate David Makuen – Chief Executive Officer Heather Plutino – Chief Financial Officer Conference Call Participants Jeremy Hamblin – Craig-Hallum Capital Group Mike Baker – D.A. Davidson Chuck Grom – Gordon Haskett John Lawrence…
JPMorgan’s managing director Tyrone Lobban noted that the new system has processed over $900 billion in assets since launch. Top executives from US-based financial services companies JPMorgan Chase and Apollo Global Management have revealed their plans for the tokenized enterprise mainnet, developed in collaboration with the Monetary Authority of Singapore (MAS). The duo worked together…
Vext Science, Inc. (OTCQX:VEXTF) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Jonathan Ross – Investor Relations Eric Offenberger – Chief Executive Officer Trevor Smith – Chief Financial Officer Conference Call Participants Andrew Semple – Echelon Capital Markets Donangelo Volpe – Beacon Securities Limited Yvonne Kang – Canaccord Genuity Pablo…
Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares. Cathie Wood’s investment firm, Ark Invest, made notable moves in its portfolio on Monday, marking a strategic shift in its crypto and fintech holdings. Ark Invest sold a substantial amount of its Coinbase…
Uxin Limited (NASDAQ:UXIN) Q2 2024 Earnings Call Transcript November 28, 2023 8:00 AM ET Company Participants Jack Wang – IR, Blue Shirt Group Kun Dai – Chairman and CEO Feng Lin – CFO Conference Call Participants Fei Dai – Tianfeng Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to Uxin’s First…
According to the US Commodity Futures Trading Commission (CFTC), allegations of money laundering against Binance may be just the tip of the iceberg. Binance, one of the world’s largest crypto exchanges, faces heightened scrutiny from the US Securities and Exchange Commission (SEC). A recent report by the Wall Street Journal suggests that the SEC is…
Cool Company Ltd. (NYSE:CLCO) Q3 2023 Earnings Conference Call November 28, 2023 8:00 AM ET Company Participants Richard Tyrrell – Chief Executive Officer John Boots – Chief Financial Officer Conference Call Participants Frode Morkedal – Clarksons Securities Liam Burke – B. Riley Peter Hogan – ABG Richard Diamond – Castlewood Capital Operator Good morning, ladies…
Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with US regulators over Binance’s…
sasha85ru/iStock via Getty Images Investment Thesis LendingClub Corporation’s (NYSE:LC) Q3 results saw the company’s key performance indicators continue to worsen. Notably, not only are its revenue growth rates leaving a lot to be desired, but more importantly, its Return on Asset metrics are clearly progressing in the wrong direction. I remain steadfast in my stance…
The ongoing lawsuit has a complaint against Mercedes F1 that echoes the accusations, asserting that the team prominently featured FTX’s logo on its cars, merchandise, and marketing materials. A group of FTX users has filed twin class-action lawsuits in a Florida district court, accusing the Mercedes-AMG Petronas F1 Team and Major League Baseball (MLB) of…
Lemon_tm A story of speculators and supply For the oil market, 2023 has been a story of the power of speculators and upside surprises in supply. Thus far, it has paid to fade speculative positioning, while those who have underestimated production have paid dearly. On the supply side, as we can see below, Saudi Arabia’s…
Americans remained primarily positive regarding financial contentment despite the recent economic challenges, like rising costs and student loans. According to a recent study conducted by Empower, a US-based financial services company, many Americans believe that money can buy happiness, and the price tag for financial bliss is $1.2 million. Based on responses from 2,034 adults…
John M. Chase Salesforce, Inc. (NYSE:CRM) is set to report results for its Q3 that ended October 31st, 2023 after hours on Wednesday, November 29th. Analysts expect the company to report a Non-GAAP EPS of $2.06/share on the back of $8.72 billion revenue. Should Salesforce meet the estimates, it’d represent an impressive YoY EPS growth…
Mining has become a heavily centralized industry, not necessarily due to the ownership of actual mining hardware being concentrated, but because of the central dependency on large mining pools to actually coordinate with other miners. This presents a problem on multiple fronts. Pools custodying miners funds gives them the ability to withhold payments and coerce…
Black_Kira/iStock via Getty Images Welcome to the November 2023 edition of the ‘junior’ lithium miner news. We have categorized those lithium miners that won’t likely be in production before 2024 as the juniors. Investors are reminded that many of the lithium juniors will most likely be needed in the mid and late 2020’s to supply…
The retiring MAS director believes the future monetary system will revolve around CBDCs, tokenized bank liabilities, and stablecoins. The Director of the Monetary Authority of Singapore (MAS), Ravi Menon, has emphasized that private cryptocurrencies have no future. Menon shared his thoughts as a panelist at an event jointly hosted by the Hong Kong Monetary Authority…
Thomas Faull Altria (NYSE:MO) is grappling with a significant downturn in its smokable products segment as the industry inevitably shifts toward smoke-free alternatives. This segment reduced by 10% last quarter. Analysts are divided on how rapidly sales volumes will decrease and whether Altria can consistently hike prices to offset this decline. For Altria to preserve…
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one of the largest apparel markets…
Nattakorn Maneerat Investors naturally become nervous whenever a stock is hitting new 52-week lows in a strong market. Ycharts In the Pharma industry sometimes exceptional booms and busts happen, including Pfizer’s (PFE) COVID vaccine sales boom, resulting in a 40% bear market when the bonanza ended. But I’ve been asked by several of our Investing…
Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department of Justice imposed a…
Kwarkot REITs are a small, niche market. Because of the structure of their businesses, their financials are not accurately captured by computers that gather and process SEC filings. A big reason for that is that many details that matter are not reported in standardized ways. One example is how much capital is used for recurring…
A recent message that Kronos sent to the hacker shows the firm requesting that the attacker return 90% of the stolen funds. Cryptocurrency trading firm Kronos Research has extended what seems like a good-faith gesture to its recent hacker. In mid-November, the Taipei-based investment firm was exploited via stolen API keys. The crypto trading firm…
tadamichi By Walt Czaicki, CFA, David Wong and Robert Milano Equities have an important role to play in a diversified allocation today, to help hedge against inflation and to navigate a lower-growth environment. Higher bond yields are presenting tough questions for equity investors. While the risk/reward trade-off for equities might be less favorable than in…
With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk. Despite pleading guilty to all charges and paying a hefty bond to reassure the United States Department…
Khosrork Is a stock market correction coming before the Santa Claus rally at the end of the year? It is a fascinating turn in sentiment, given that investors were convinced of the bear market’s return just a month ago. Now, investors are “making their list and checking it twice.” Given the 10% advance over the…
China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26 digital RMB active pilot…
Veresovich/iStock Editorial via Getty Images Introduction Nintendo (OTCPK:NTDOY) reported its H1 earnings a couple of weeks ago, and these were solid. Don’t expect anything crazy from the numbers, but it was a positive quarter. Last quarter, we discussed this in our earnings digest, and we think that as quarters go by, we continue to see…
mohd izzuan/iStock via Getty Images On August 1, TG Therapeutics’ (NASDAQ:TGTX) announced Q2’23 earnings and an ex-US commercialization agreement for its recently launched multiple sclerosis drug Briumvi (ublituximab). The updates weren’t well received, with the stock falling about 50 percent from a $20 handle, to a $10 handle. With Q3’23 earnings TGTX has rallied, and…
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so…
primeimages About a half year ago I wrote an article on PIMCO Dynamic Income Fund (NYSE:PDI) warning investors about three potential risks, which could impose notable headwinds for PDI investors. The key areas of concern were the following: Massive exposure towards non-agency MBS. Approximately 40% of PDI’s portfolio is exposed to non-agency MBS, which against…
Fahroni Investment Thesis The Canadian company Methanex (NASDAQ:MEOH) is a mid-cap producer and supplier of methanol to major international markets in Asia Pacific, North America, Europe, and South America. In addition to having methanol production facilities in several countries, the company owns the world’s largest methanol ocean tanker fleet as well as terminal capacity in…
Scott Olson/Getty Images News Here’s something puzzling about adidas (OTCQX:ADDYY). The popular German sports products company has seen very muted sales and profits so far this year. But its price is on the rising curve, up by no less than 45% year-to-date [YTD]. Price Chart (Source: Seeking Alpha) Now here’s the real rub. The combination…
Filmstax Investment Thesis Luckin Coffee Inc. (OTCPK:LKNCY) recovered from a steep share price drop in 2020 due to its fraud scandal, and its shares have been steadily increasing since December 2021. Its shares have increased by about 103% in the last year, and I am bullish on the stock because of its brand marketing strategy,…
fotodzi/iStock Editorial via Getty Images The 10-Second Thesis I’ve had my eyes on AGCO Corporation (NYSE:AGCO) for a while, and obviously have kept tabs on Deere & Company (DE) as well since they are the main players in the industry. However, since I tend to favor small and mid-caps (62% of my portfolio), I have…
Thapana Onphalai Transcript Elevated levels of bond volatility are evidence of the new macro and market regime in action, and confirm the benefits of being agile with our strategic views of five years or longer. We upgrade sovereign bonds in developed markets (DMs) to neutral, but this masks two stories – we stay underweight long-term…
Xiaolu Chu YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) is an interesting fund that seems to polarize people. On one side it offers a dividend distribution yield of 60%, on the other side its share price is down almost by half since inception. In my first article covering this fund titled TSLY: Know What You…
cemagraphics The “no landing” and/or “soft landing” camp are not going to like this article. With that said, I’m just trying to call it like I see it regardless of who that may offend. Francois Trahan recently posted an interesting chart comparing the NAHB Index to the Unemployment Rate. The thesis was/is that if you…
JackF/iStock via Getty Images Thesis Founded in 1956, PulteGroup (NYSE:PHM) is one of the largest homebuilders in the United States. In addition, they offer financial services through Pulte Mortgage, but this is only a small part of their total revenues at ~2%. With rising mortgage costs and other factors, this is an industry that many…
TheaDesign/iStock via Getty Images Target Hospitality Corp. (NASDAQ:TH) currently stands as a small-cap stock with a market cap of approximately $.12 billion. The stock has encountered a notably high short interest of 18.58%, signifying prevailing negative market sentiment. Over the past year, the stock has experienced a 20.74% decrease in value. However, a deeper analysis…
SolStock Despegar.com (NYSE:DESP) is one of those companies that went public at a lofty valuation, and has since experienced a massive reduction in its share price. Its IPO price was $26, and it finished the day at $32, showing an impressive 24% gain on its first day. At that price, it was valued at around…
Just_Super Confluent’s (NASDAQ:CFLT) share price drop post Q3 earnings may have seemed excessive but it needs to be viewed in light of the company’s valuation and the challenges that Confluent is currently facing. Confluent’s switch in focus to consumption, slow customer additions and the return of a large customer to on-prem cut to the heart…
SweetBunFactory Investment Thesis Company Overview Advanced Semiconductor Material Lithography (ASML Holdings N.V.) (NASDAQ:ASML), founded in 1984 with headquarters in Veldoven, Netherlands, is a Dutch corporation specializing in developing and manufacturing photolithography machines that are used in producing computer chips. The company has one reportable segment in lithography solutions. Strength & Weakness/Risks Born out of the…
ayala_studio Editor’s note: Originally published at TSI Blog on November 28, 2023 [This is a modified excerpt from a recent commentary at Speculative Investor] Gold bullion could be viewed as insurance or a portfolio hedge or a long-term investment or a long-term store of value, but a gold mining stock is none of these. Gold…