Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Brussels should not raise tariffs on imported Chinese electric cars, and doing so would risk “retaliation” against international brands in the country, the head of the Volkswagen brand has warned. The European Commission is investigating…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A campaign advert by South Africa’s opposition Democratic Alliance that depicts the national flag burning has exposed the deep divisions gripping the country just three weeks out from a pivotal national election. The 33-second advert,…
Assured Guaranty Ltd. (NYSE:AGO) Q1 2024 Results Conference Call May 8, 2024 8:00 AM ET Company Participants Robert Tucker – Senior Managing Director-Investor Relations and Corporate CommunicationsDominic Frederico – President and Chief Executive OfficerRob Bailenson – Chief Operating OfficerBen Rosenblum – Chief Financial Officer Conference Call Participants Tommy McJoynt – KBW Operator Good morning, and…
Argentina’s energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine $BTC with Stranded Gas: Forbes Eventually, every country will be mining #Bitcoin pic.twitter.com/bu6sCXEUJ1 — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sweden’s central bank cut interest rates for the first time in eight years as European monetary policymakers diverge from the US to support their economies even if it comes at the expense of their currencies….
Khanchit Khirisutchalual Datadog, Inc. (NASDAQ:DDOG) plunged after releasing first quarter earnings results. The company beat guidance on both revenues and profits, and lifted full-year guidance. Wall Street’s poor reception may be more to do with the stock’s valuation heading into the print, as DDOG is often viewed to be a long-term beneficiary of the rise…
Alistair Berg/DigitalVision via Getty Images I. PACCAR Has Had A Heck Of A Run PACCAR (NASDAQ:PCAR) shareholders have done spectacularly well since the turn of the century, both in absolute terms, and when compared to inflation adjusted Real GDP, Nominal GDP, and to the overall stock market as measured by the S&P 500 (SPX). Chart…
JamesBrey Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) is an outstanding dividend growth ETF, which I have highlighted as my favorite in a recent article. In fact, if I were limited to owning just one dividend growth ETF, SCHD would be my choice. Despite its many strengths, however, SCHD does have a few shortcomings for income-focused…
da-kuk Jumia Technologies (NYSE:JMIA) has historically been a divisive stock due to the “Amazon of Africa narrative” and the extremely poor fundamentals of the business. I long felt that the company had poor prospects due to its limited financial resources and pursuit of growth at all costs. After a change in management, the company is…
Pratchaya Introduction A few months ago, Luna Innovations (NASDAQ:LUNA) started to look like a potential multibagger, thanks to great technology and an experienced management team. Today, however, the company is plagued by accounting problems, an internal investigation and a management team in shambles. Now, the company is potentially looking to sell itself (as the company…
Drs Producoes In my Q2 market cycle update last month, I argued that the cycle—defined primarily as momentum in corporate earnings per share and cyclical commodities—was reigniting and that small caps and precious metals with industrial utilities (e.g., platinum and silver) were some good places to take advantage of such an upswing. I think grains—corn,…
PM Images There are many insurance companies, but the quest to find ones that keep growing and maintain underwriting profits can be tricky. Thankfully, we find one such company in Kinsale Capital Group (NYSE:KNSL). With an impressive track record, I’ll go over what they do, why they do it well, and why the price is…
imantsu Investment Thesis I recommend holding WEG (OTCPK:WEGZY) shares after the 1Q24 results, released on May 2nd. As I mentioned in my coverage initiation report, the company has a stretched valuation and needs great results to justify it. On the positive side, the good performance of long-cycle businesses, together with expense control, helped keep the…
blackred/E+ via Getty Images The following segment was excerpted from this fund letter. ENDI Corp. (CrossingBridge Advisors, OTCQB:ENDI) Over the past nine months we have been able to build up a decent size position in ENDI Corp at around $4 per share, or two times earnings net of cash. It has since climbed to above…
Thomas Barwick Investment Thesis In one of my previous articles, I made the analogy that the stock market is like a manic depressive friend who is usually high functioning but who occasionally goes off their meds and gets either irrationally exuberant or depressed in their valuations of companies. The latter of the two scenarios has…
Monty Rakusen Eric Oak of the Supply Chain Insights team co-authored this report The Biden administration announced a new round of tariffs on imports of steel and aluminum from mainland China, including a more than three-fold increase in the Section 301 tariff rate for Chinese steel imports. Given the upcoming US elections in November, the…
Klaus Vedfelt/DigitalVision via Getty Images Introduction & Investment Thesis Hims & Hers (NYSE:HIMS) is a consumer health platform that has outperformed the S&P 500 and Nasdaq 100 YTD. The company recently reported their Q1 FY24 earnings, where revenue and earnings grew 46% and 434% YoY, respectively, beating expectations. For the full year FY24, the management…
Richard Drury/DigitalVision via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction As some might know, Berkshire Hathaway (BRK.B) just had its annual conference in Omaha, Nebraska. As usual, Mr. Warren Buffett shared his views on his company, the economy, and a wide range of other issues, including…
Landscape and nature photographer based in Upstate, New York Thesis Chipotle Mexican Grill (NYSE:CMG) is one of the best-run companies in the restaurant category that significantly outperformed the market. Over the last year, CMG’s stock has risen by more than 55% with its multiples expanding and fundamentals growing. Even though in my opinion, CMG is…
bjdlzx Occidental Petroleum (NYSE:OXY) earnings elicited a big yawn from the market. Then again, many times, cost-cutting when commodity (and corresponding stock) prices are in the “yawn” range does not get a reaction from Mr. Market until they head back up again. For investors, doing your homework now on the long-term cost progress is likely…
Roman Didkivskyi At 50.3, the Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global Market Intelligence, remained above the 50.0 neutral mark (and therefore marginally in expansion territory) for a third successive month in April, albeit the rate of improvement moderating fractionally from March’s 20-month high of 50.6. Despite the cooling in the…
Envestnet, Inc. (NYSE:ENV) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Josh Warren – Chief Financial OfficerJim Fox – Board Chair and Interim CEOTom Sipp – Executive Vice President, Business Lines Conference Call Participants Devin Ryan – Citizens JMPMichael Cho – JPMorganAlex Kramm – UBSSurinder Thind – Jefferies Operator Greetings….
hapabapa The following segment was excerpted from this fund letter. During the quarter, we reinvested back in Tencent (and proxy Prosus) primarily because we’re observing another pattern from our playbook that we cited in our last letter: the idea that advertising is a helpful ‘switch’ that can be ‘turned on’ to enhance margins when they’re…
Igor Kutyaev/iStock via Getty Images Dear Partners and Friends: The major indices we track all experienced a strong start to 2024. The market continued to be led by a small handful of tech companies propelling the Nasdaq to Q1 returns of 9.2% and the S&P 500 (SP500, SPX) of 10.4%. Smaller companies lagged once again….
Evolus, Inc. (NASDAQ:EOLS) Q3 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Nareg Sagherian – VP and Head, Global IR and Corporate CommunicationsDavid Moatazedi – President and CEORui Avelar – CMO and Head, Research & DevelopmentSandra Beaver – CFO Conference Call Participants Annabel Samimy – StifelMarc Goodman – LeerinkNavann Ty –…
AbCellera Biologics Inc. (NASDAQ:ABCL) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Tryn Stimart – Chief Legal & Compliance OfficerCarl Hansen – President, Chief Executive OfficerAndrew Booth – Chief Financial Officer Conference Call Participants Andrea Tan – Goldman SachsJacqueline Kisa – TD SecuritiesScott Schoenhaus – KeyBancStephen Willey – Stifel Operator…
Inogen, Inc. (NASDAQ:INGN) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Ryan Peterson – Investor RelationsKevin Smith – President and Chief Executive OfficerMike Bourque – Chief Financial Officer Conference Call Participants Colin Clark – StifelMargaret Kaczor – William BlairMike Matson – Needham & Company Operator Welcome to Inogen’s First Quarter…
Rhythm Pharmaceuticals, Inc (NASDAQ:RYTM) Q1 2024 Results Conference Call May 7, 2024 8:00 AM ET Company Participants David Connolly – Executive Director, IR and Corporate CommunicationsDavid Meeker – Chairman, President, and CEOJennifer Lee – Executive Vice President, Head of North AmericaYann Mazabraud – Executive Vice President, Head of InternationalHunter Smith – Chief Financial Officer Conference…
Diversified Healthcare Trust (NASDAQ:DHC) Q1 2024 Earnings Call Transcript May 7, 2024 10:00 AM ET Company Participants Kevin Brady – Director of Investor RelationsChris Bilotto – President and Chief Executive OfficerMatthew Brown – Chief Financial Officer Conference Call Participants Bryan Maher – B. Riley SecuritiesAaron Hecht – Citizens JMP Operator Good morning, and welcome to…
ValeryEgorov Step One: Wide-moat stocks with 5-star and 4-star ratings Historical evidence says that while quality alone is a poor indicator of outperformance, when combined with a decent valuation filter, Morningstar’s moat rating proves to be more than useful. Based on the available data, stocks with a wide-moat rating that also fit into the 4-…
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The Federal Deposit Insurance Corporation has a “misogynistic” and “insular” workplace whose chair may not be well suited to lead needed reforms, says a new report commissioned over complaints about widespread sexual harassment inside…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Disney shares tumbled 9.5 per cent on Tuesday even as it reported the first profit in its core streaming business since it leapt into a battle with Netflix five years ago. The Disney+ and Hulu…
Aeva Technologies, Inc. (NYSE:AEVA) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Andrew Fung – Director of IR and Corporate DevelopmentSoroush Salehian – Co-Founder and CEOSaurabh Sinha – CFO Conference Call Participants Shadi Mitwalli – Craig HallumColin Rusch – OppenheimerKevin Garrigan – WestPark CapitalSuji DeSilva – ROTH MKM Operator Good…
Allegiant Travel Company (NASDAQ:ALGT) Q1 2024 Earnings Conference Call May 7, 2024 12:30 PM ET Company Participants Sherry Wilson – Managing Director of Investor RelationsMaury Gallagher – Executive Chairman and CEOGreg Anderson – PresidentMicah Richins – President of Sunseeker ResortsScott DeAngelo – EVP and Chief Marketing OfficerDrew Wells – SVP and Chief Revenue OfficerRobert Neal…
Eoneren/E+ via Getty Images After a year of impressive results, Celsius Holdings, Inc. (NASDAQ:CELH) reported a disappointing quarter due to a surprise inventory issue. The healthy energy drink company has stumbled a couple of times in the last few months, leading to the opportunity to buy the stock far below the recent highs. My investment…
Ring Energy, Inc. (NYSE:REI) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Al Petrie – Investor RelationsPaul McKinney – Chairman and Chief Executive OfficerTravis Thomas – Executive Vice President and Chief Financial OfficerAlex Dyes – Executive Vice President, Engineering and Corporate StrategyMarinos Baghdati – Executive Vice President, OperationsSteve Brooks –…
Marriott Vacations Worldwide Corporation (NYSE:VAC) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Neal Goldner – VP-IRJohn Geller – President and CEOJason Marino – EVP and CFO Conference Call Participants Ben Chaiken – Mizuho SecuritiesPatrick Scholes – Truist SecuritiesChris Woronka – Deutsche BankDavid Katz – JefferiesShaun Kelley – Bank of…
DNY59 As of 2024, the status of rare earth materials outside China remains a critical concern for global supply chains, particularly given China’s dominance over the majority of the production and processing of these materials. China has come to control 67% of mining, 91% of refining activity, 87% of oxide separation and 94% of magnet…
Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales…
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Tina Baginskis – Director, IRLasse Petterson – President and CEOScott Kornblau – CFO Conference Call Participants Joe Gomes – Noble CapitalJon Tanwanteng – CJS SecuritiesAdam Thalhimer – Thompson Davis Operator Good day and thank you…
Morsa Images By Charlie Choi & Samuel Wilamowsky US housing has weathered surging mortgage rates. Thin inventory and pent-up demand could create opportunity. The US housing market continues to defy traditional notions about rising rates. Across much of the US, prices have been resilient, even as mortgage rates have climbed to 20-year highs. For those…
Semrush Holdings, Inc. (NYSE:SEMR) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Brinlea Johnson – Investor RelationsOleg Shchegolev – Chief Executive OfficerEugene Levin – PresidentBrian Mulroy – Chief Financial Officer Conference Call Participants Scott Berg – NeedhamSurinder Thind – JefferiesJackson Ader – KeyBanc Capital MarketsAdam Hotchkiss – Goldman SachsElizabeth Porter…
JHVEPhoto Rio Tinto Group (NYSE:RIO), a company with a rich history dating back to 1873, has been a trusted name in the mining industry for over a century and a half. The company’s profile states: RIO Company Profile (Seeking Alpha) RIO, a global player in metals and minerals mining, processing, and distribution, offers an attractive…
Par Pacific Holdings, Inc. (NYSE:PARR) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Ashimi Patel – Vice President, Investor RelationsWill Monteleone – President & Chief Executive OfficerRichard Creamer – Executive Vice President, Refining & LogisticsShawn Flores – Senior Vice President & Chief Financial Officer Conference Call Participants Ryan Todd –…
Cipher Mining Inc. (NASDAQ:CIFR) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Josh Kane – Head of Investor RelationsTyler Page – Chief Executive OfficerEd Farrell – Chief Financial Officer Conference Call Participants Josh Siegler – CantorMike Colonnese – H.C. WainwrightJohn Todaro – Needham & CompanyGreg Lewis – BTIGJoseph Vafi –…
It is often said that Bitcoin allows anyone to be their own bank. If you know anything about Bitcoin’s ethos and underlying tech, you’ve likely heard of this concept before. But do you know exactly how that works and why Bitcoin is more suitable as a store of value than your bank? To get the…
Beyond, Inc. [BYON] Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Marcus Lemonis – Executive ChairmanAdrianne Lee – CFO & Admin OfficerDave Nielsen – CEO, OverstockChandra Holt – CEO, Bed Bath & BeyondAlexis Callahan – VP, IR & Public Relations Conference Call Participants Thomas Forte – Maxim GroupAnna Andreeva –…
Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will…
Thoughtworks Holding, Inc. (NASDAQ:TWKS) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Rob Muller – Investor RelationsGuo Xiao – Chief Executive OfficerErin Cummins – Chief Financial Officer Conference Call Participants Tien-Tsin Huang – JPMorganMoshe Katri – Wedbush SecuritiesTyler DuPont – Bank of AmericaMatthew Roswell – RBCPaul Obrecht – Wolfe ResearchJacob…
Datadog, Inc. (NASDAQ:DDOG) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Yuka Broderick – Vice President, Investor RelationsOlivier Pomel – Co-Founder & Chief Executive OfficerDavid Obstler – Chief Financial Officer Conference Call Participants Sanjit Singh – Morgan StanleyMark Murphy – JPMorganKash Rangan – GSRaimo Lenschow – BarclaysMatt Hedberg – RBCFatima…