Scott Olson Dollar General Corporation (NYSE:DG) is set to report results for its Q3 that ended October 31st, 2023 after hours on Thursday, December 7th. Analysts expect the company to report a GAAP EPS of $1.21/share on the back of $9.64 billion revenue. Should Dollar General meet the estimates, it’d represent a YoY EPS decline…
mixmotive Over the weekend, Alaska Air Group, Inc. (ALK) agreed to buy Hawaiian Holdings, Inc. (NASDAQ:HA) in a deal to merge 2 airlines focused on West Coast travel. The deal announcement is interesting considering the ongoing trial for another domestic airline merger with the DoJ suing to block the deal. My investment thesis is Bearish…
MikeMareen Note: Seadrill Limited (NYSE:SDRL) has been covered by me previously, so investors should view this as an update to my earlier articles on the company. Strong Third Quarter Results Last week, leading offshore driller Seadrill Limited or “Seadrill” reported better-than-expected third quarter results with strong profitability and decent free cash flow generation: Company Press…
gorodenkoff History will be kind to me for I intend to write it.”― Winston S. Churchill. Today, we put mid-cap biopharma concern BridgeBio Pharma, Inc. (NASDAQ:BBIO) back in the spotlight for the first time since May of this year. That article concluded that BridgeBio merited a small holding within a well-diversified biotech portfolio. The stock…
valentinrussanov Cybersecurity stocks have performed well in 2023, rising about +26.5% YTD, with the security backdrop boosted by an increase in data breaches and ransomware. Quarterly spending has increased approximately +12.7% YoY to ~$37.6 billion through the first half of the year, although commentary from sector leaders Fortinet (FTNT) and Palo Alto (PANW) raised some…
Mantle, Ethereum’s Layer 2 platform, launched Mantle LSP, a liquid staking protocol. It positions itself among top providers, competing fiercely for the third spot in liquid staking volume, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s Layer 2 platform Mantle announced the launch of Mantle LSP “a permissionless, non-custodial ETH liquid staking protocol”. This…
Tippapatt A Quick Take On Outbrain Outbrain Inc. (NASDAQ:OB) reported its Q3 2023 financial results on November 7, 2023, missing revenue but beating consensus earnings estimates. The firm operates an advertising recommendation delivery system for websites and advertisers on the Internet. I previously wrote about OB with a Sell outlook amid a softening online advertising…
MGM Resorts International (NYSE:MGM) BetMGM Business Update Conference Call December 4, 2023 11:00 AM ET Company Participants Adam Greenblatt – CEO, BetMGM Gary Deutsch – CFO, BetMGM Conference Call Participants Ed Young – Morgan Stanley Joe Greff – JPMorgan Carlo Santarelli – Deutsche Bank Shaun Kelley – Bank of America Stephen Grambling – Morgan Stanley…
MicroStockHub/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. Oxford Lane Capital Corp. (NASDAQ:OXLC) and Eagle Point Credit Co. (NYSE:ECC) are highly popular income investments that often cause a flurry of passionate debates on whether they are worthwhile or not. They invest in the lowest tranches of the collateralized loan obligation (“CLO”)…
Industry watchers see the development advancing not only Ripple’s XRP token but also benefiting the wider crypto sector by adopting trusted financial industry models for security and cooperation. In a move viewed as transformational for cross-border cryptocurrency storage and transfers, blockchain company Ripple‘s Metaco custody network has partnered with digital asset custodial provider Zodia Custody….
Maksim Safaniuk/iStock via Getty Images Introduction One of my favorite topics this year has been oil and gas investments, as I have consistently added to companies that I expect to protect my portfolio against inflation and deliver consistent juicy (special) dividends. Furthermore, I have made some changes, as one of my all-time favorite holdings, Pioneer…
Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter out transactions conducting inscriptions should have been communicated clearly on launch day, instead speculation lead to a chaotic shitshow on Twitter. People were screaming about inscription censorship, while at the same time inscription transactions were…
monsitj Listen below or on the go on Apple Podcasts and Spotify The march to $50,000 continues. (0:15) Uber will join the S&P 500. (1:58) Spotify announces another round of layoffs. (2:17) This is an abridged podcast Our top story so far Crypto stocks are rallying as Bitcoin (BTC-USD) continues to climb. Bitcoin hit a…
Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price. A bold Bitcoin (BTC) price prediction by CEO Adam Back of blockchain technology company Blockstream…
JazzIRT/iStock via Getty Images I covered TransMedics Group, Inc. (NASDAQ:TMDX) in my newsletter for the first time back in February 2021, when the stock was at $26 per share, and TransMedics had not yet launched its National OCS Program (NOP), which has been a game changer for the company, completely transforming it ever since. Several…
In addition to portfolio management, Jellyverse will feature JellySwap, a decentralized exchange that will serve as home to its native crypto JLY. Jelly Labs AG and Fintonomy LTD, the companies developing the initial protocols for Jellyverse, a decentralized finance network built on the Ethereum Virtual Machine (EVM)-compatible layer-2 DeFiMetaChain (DMC), have announced the completion of…
Call End: Ulta Beauty, Inc. (NASDAQ:ULTA) Raymond James 2023 TMT and Consumer Conference December 04, 2023 10:55 AM ET Company Participants Kecia Steelman – President and Chief Operating Officer Conference Call Participants Olivia Tong – Raymond James Olivia Tong Thank you everybody for being here. I’m Olivia Tong, I cover beauty, personal care, and household…
Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States. The main contributing factor to Bitcoin’s recent surge, in addition to the halving event approaching amongst…
zxvisual/iStock via Getty Images Shares of SL Green Realty Corp. (NYSE:SLG) popped over 6% on Monday in response to the company’s Investor Day, where it announced a slew of actions, including a dividend cut and asset sale, to strengthen its business amidst the ongoing downturn in office real estate. Shares are now actually higher than…
Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by…
Comcast Corporation (NASDAQ:CMCSA) UBS Global TMT Conference Call December 4, 2023 9:00 AM ET Company Participants Mike Cavanagh – President Conference Call Participants John Hodulik – UBS John Hodulik Again, I’m John Hodulik from the Media, Telecom and Infrastructure Research team. I’m very pleased to have with me here today Mike Cavanagh, the President of…
Meta’s AI chief, Yann LeCun said it will take decades to achieve the adoption of AGI. Meta’s AI chief, Yann LeCun, has expressed skepticism about current AI systems surpassing human intelligence anytime soon. Mr. LeCun shared this sentiment while speaking at a Meta media event to celebrate the 10th anniversary of its Fundamental AI Research…
JasonDoiy/E+ via Getty Images Kinder Morgan, Inc. (NYSE:KMI) is a large energy infrastructure company with a market cap of almost $40 billion. Making me feel old, it’s been almost a decade since the company’s dividend cut in 2015, as the company’s equity-for-growth strategy ended. As seen from comments in previous articles, though, many haven’t forgotten….
With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc…
Sakorn Sukkasemsakorn Investment Thesis Here I explain why Uranium Energy Corp. (NYSE:UEC) is my preferred uranium investment. I describe in simple terms why nuclear energy is important, what nuclear fuel is and how to think about it, and why there’s a change in the political wind toward accepting nuclear energy to complement the energy transition….
Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc…
Arturo Holmes Going long Equity Commonwealth (NYSE:EQC) is a dominant strategy in the current financial markets, acting both as a hedge against uncertainty thanks to its massive cash balances collecting elevated interest, being an opportunistic cash position in a leveraged market ripe with potential forced real estate sellers, and also trading for cents on the…
Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market. Brazilian banking giant Itau Unibanco has joined the crypto bandwagon with the launch of digital asset trading services for customers as part of its investment platforms, Reuters reported…
tadamichi We just finished the best month of the year for the stock market with the S&P 500 (SPY) climbing nearly 9%, which also broke a three month losing streak for the major index. In fact, November was the best month for the S&P 500 since July 2022. Are stocks beginning their late year run…
Individual voting, often considered a civic duty, has a statistically negligible impact on election outcomes. Studies show minimal difference between Republican and Democratic state governments on various policy outcomes. Politicians often declare every election as the “most important of our lifetimes” to rally their supporters. However, despite increased voter turnout, change remains elusive. Government keeps…
Halfpoint/iStock via Getty Images Investment Thesis In continuation with our coverage on Primo Water (NYSE:PRMW), we had rated the stock Buy driven by its ongoing transformational shift towards a pure play water solutions company over the past couple of years, improving operational and financial profile along with relative undervaluation. Sentiment was weak heading into Q3…
The collaboration between Osmosis and the UX chain will focus on addressing potential security vulnerabilities and shared liquidity to enhance growth prospects. The ultimate growth of blockchain technology has been pegged to the multi-chain capabilities, whereby the Cosmos (ATOM) network has described it as blockchain 3.0. In the context of multichain capabilities, Osmosis (OSMO), a…
Just_Super If voting made any difference they wouldn’t let us do it.”― Mark Twain Today, we put Flywire Corporation (NASDAQ:FLYW) in the spotlight for the first time. This fast-growing integrated payment processor is down from the levels it came public at in 2021. However, Flywire is posting impressive sales growth and moving quite nicely towards…
Brazil’s financial landscape witnessed a seismic shift as Itaú Unibanco, the nation’s largest private bank, announced its foray into the world of cryptocurrency trading Monday, introducing a service that allows its customers to engage in buying and selling Bitcoin and Ether via its ion investment platform. Marking a significant move for a traditional banking institution,…
yacobchuk Voyager Therapeutics, Inc. (NASDAQ:VYGR) is a promising biotechnology firm in gene therapy treatments for central nervous system [CNS] diseases. The company’s product pipeline remains in preclinical trials for therapies against Parkinson’s disease, amyotrophic lateral sclerosis [ALS], and Alzheimer’s disease. The journey to complete the clinical trials for these therapies is extensive. However, VYGR’s most…
El Salvador’s national Bitcoin treasury may be back in the green. At least, that’s the latest data from NayibTracker.com, a website dedicated to following the performance of El Salvador’s President Nayib Bukele‘s decision to invest in Bitcoin in 2021. The website tracks the time and date of known purchases, as well as those that Bukele has pledged…
Justin Sullivan Investment thesis My initial bullish thesis about Broadcom (NASDAQ:AVGO) aged well, as the stock notably outperformed the broader U.S. market since mid-July. Today, I want to explain why I reiterated my “Strong Buy” rating for AVGO and share my upcoming quarter’s earnings preview. Broadcom is well-positioned to capitalize on the surging demand for…
Jenny Johnson, the President and CEO of Franklin Templeton managing assets over $1.3 trillion, highlighted the pivotal role of tokenization in the financial sector during the Fortune Global Forum in Abu Dhabi. Following Franklin Templeton’s recent application for a Bitcoin ETF, Johnson’s remarks signify a broader recognition of blockchain technology’s potential, particularly in democratizing private…
NickyLloyd/E+ via Getty Images Kyowa Kirin Co. (OTCPK:KYKOY) is buying Orchard Therapeutics (NASDAQ:ORTX) at $16 per share and a CVR of up to $1. The stock is trading at a small premium to the cash takeout. These are financial instruments that are used in mergers and acquisitions. They represent a right to possible future payments…
Losses from the attacks on Poloniex, HTX and Heco Bridge accounted for almost 70% of all the losses in crypto hacks that were registered in November. The blockchain industry faced a turbulent November in 2023, marked by a staggering 47 crypto exploits and breaches that resulted in a cumulative loss of around $349 million, according…
M. Suhail Thesis McDonald’s Corporation (NYSE:MCD) is a global American fast-food chain. It was founded in 1940 as a restaurant and is currently the world’s largest fast-food restaurant chain. The USA makes up the greatest source of revenue in terms of the number of stores present, followed by China. The fast-food giant is also expanding…
For many crypto enthusiasts and market participants, all indications point to the fact that Bitcoin could hit over $60,000 by April 2024. Just as widely expected, it looks like Bitcoin’s (BTC) year will be ending on a very high note. This follows after its price surged 5% in the last 24 hours to surpass the…
TERADAT SANTIVIVUT Let’s get November documented, starting with notable headlines: “Biggest Blowout in Bonds Since the 1980s Sparks Everything Rally.” “S&P 500 Has One of Best November Gains in Century.” “Munis Haven’t Rallied So Much in a Month Since Volcker Ran Fed.” “Munis Make It a November to Remember While Smashing Records.” “November Was Once-in-a-Generation…
Despite the prevailing bullish sentiments, there are macro factors that could pose a threat to Bitcoin’s bull run. Different crypto executives have suggested that the current Bitcoin rally will spiral into a bull run that will see BTC rise to at least $100,000. While still short of its peak price in November 2021, Bitcoin has…
Hector Vivas Coca-Cola FEMSA (NYSE:KOF) is the largest bottler of Coca-Cola beverages in the world in terms of volume. KOF represents a rare mix of quality, growth, and an attractive valuation. The stock is currently rated as Buy by Seeking Alpha analysts, Wall Street analysts, and Seeking Alpha quant ratings. Additionally, KOF enjoys strong quant…
Crypto.com will provide customers in the country with a suite of e-money products that are localized for the UK. According to the official announcement, Crypto.com has hit a new milestone as it has been authorized as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA) in the United Kingdom. In August 2022, Crypto.com…
ANNVIPS Investment Thesis Builders FirstSource (NYSE:BLDR) reported earnings for a challenging period. However, the key takeaway is that 2023 is nearly behind us. Looking forward to mid-2024, comparisons with this year will be crucial for Builders’ prospects. At 7x next year’s free cash flows, the business is very attractively priced. While acknowledging the investment thesis…
Richard Teng announced that Binance will remain user-focused, will work closely with regulators, and collaborate with its partners to ensure seamless adoption of crypto assets and blockchain technology. After more than 18 months, Bitcoin (BTC) price has risen above $41,000 following heightened demand by institutional investors and more crypto regulatory clarity in different jurisdictions including…
champc Originally posted on December 2, 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…
GTA 6 is expected to incorporate crypto rewards in its upgraded version. Gamers are looking forward to watching the trailer. The unveiling of the Grand Theft Auto VI (GTA 6) trailer is set to debut on December 5, with Wall Street analysts forecasting a significant boost in revenue for Take-Two Interactive Software Inc (NASDAQ: TTWO),…