Freelancer Limited (OTCQX:FLNCF) Q4 2023 Earnings Conference Call February 26, 2024 7:00 PM ET Company Participants Matt Barrie – CEO Shaun McMeeken – VP, Sales Adam Byrnes – VP, Product and Growth Neil Katz – CFO Conference Call Participants Matt Barrie Hello and welcome to the Freelancer Limited Full Year of 2023 Financial Results Presentation….
JHVEPhoto Investment Thesis Everest Group (NYSE:EG) is a reinsurance and primary insurance provider. EG is embarking on global expansion in the primary insurance market, attempting to capture the nearly $1 trillion in total addressable market. Additionally, the strong reinsurance market will continue to provide significant tailwinds until at least fiscal year 2025. Across the whole…
Asure Software, Inc. (NASDAQ:ASUR) Q4 2023 Earnings Conference Call February 26, 2024 4:30 PM ET Company Participants Patrick McKillop – Vice President, Investor Relations Pat Goepel – Chairman & Chief Executive Officer John Pence – Chief Financial Officer Conference Call Participants Joshua Reilly – Needham & Company Jared Levine – TD Cowen Eric Martinuzzi –…
shaunl Summary Following my coverage on GXO Logistics (NYSE:GXO), for which I recommended a buy rating as I expected solid FY23 performance, which coupled with an attractive valuation makes it a buy, this post is to give an update on my thesis. I continue to give a buy recommendation for GXO because the underlying business…
Yuichiro Chino/Moment via Getty Images Investment Action I recommended a hold rating for Dun & Bradstreet Holdings (NYSE:DNB) when I wrote about it the last time, as I am negative about the underperformance that DNB is showing relative to peers in both growth and margins. Based on my current outlook and analysis, I recommend a…
Thomas Barwick In September 2023, I put a buy rating on OMAB stock and while I do believe airport stocks do offer compelling investments capitalizing on long-term trends in the air travel markets, the stock lost around 20% of its value. The decline in stock prices was driven by regulatory changes to the tariff rules…
Shutthiphong Chandaeng Thesis AppLovin (NASDAQ:APP) is one of my top investments for 2024. Analyst revenue estimates for 2024 and 2025 are $4.06B and $4.41B, respectively. Additionally, The stock trades at a Forward PE of around 20 based on an estimated average EPS of 2.96 for 2025. With the company sitting under a $20B market cap,…
champc With the month of February coming to an end this week, a majority of 2024 is still before us. As the year began, many strategists predicted up to six Fed Fund rate cuts by the Federal Reserve. The first cut was anticipated to occur in March, but economic data and Federal Reserve commentary has…
MasaoTaira Summary In our last update on CTO (NYSE:CTO), we moved the shares from a Buy to a Hold primarily due to the near-term headwinds posed by the WeWork bankruptcy. The shares had remained rangebound since the last article, and we added to our position in the low-16s. The Q4 earnings report blew past our…
SBA Communications Corporation (NASDAQ:SBAC) Q4 2023 Earnings Call Transcript February 26, 2024 5:00 PM ET Company Participants Mark DeRussy – VP of Finance Marc Montagner – CFO Brendan Cavanagh – President & CEO Conference Call Participants Ric Prentiss – Raymond James Jonathan Atkin – RBC Capital Markets Nick Del Deo – MoffettNathanson David Barden –…
PowerSchool Holdings, Inc. (NYSE:PWSC) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET Company Participants Shane Harrison – Senior Vice President of Investor Relations Hardeep Gulati – Chief Executive Officer Eric Shander – Chief Financial Officer Conference Call Participants Stephen Sheldon – William Blair David Lustberg – Jefferies Rich Hilliker – UBS Securities…
Archer Aviation Inc. (NYSE:ACHR) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET Company Participants Adam Goldstein – Founder and CEO Mark Mesler – CFO Tom Muniz – COO Andy Missan – Chief Legal Officer Conference Call Participants Savanthi Syth – Raymond James Edison Yu – Deutsche Bank Andres Sheppard – Cantor Fitzgerald…
ridvan_celik Investment Thesis Since the post-COVID normalization, DocuSign (NASDAQ:DOCU) has been a hot topic among investors. Often heavily scrutinized for their failed attempts to turn around the firm, including making top-leadership changes, making strategic go-to-market strategy, etc, growth has failed to recover. On the other hand, investors appreciate the firm’s high operating margin and substantial…
Freshpet, Inc. (NASDAQ:FRPT) Q4 2023 Earnings Call Transcript February 26, 2024 8:00 AM ET Company Participants Rachel Ulsh – VP of IR Billy Cyr – CEO Todd Cunfer – CFO Scott Morris – COO Conference Call Participants Rupesh Parikh – Oppenheimer Brian Holland – D.A. Davidson Ken Goldman – JPMorgan Peter Benedict – Baird Mark…
Surgery Partners, Inc. (NASDAQ:SGRY) Q4 2023 Earnings Conference Call February 26, 2024 8:30 AM ET Company Participants Dave Doherty – Chief Financial Officer Wayne DeVeydt – Executive Chairman Eric Evans – Chief Executive Officer Conference Call Participants Brian Tanquilut – Jefferies Kevin Fischbeck – Bank of America Jason Cassorla – Citi Lisa Gill – JPMorgan…
Alex Wong/Getty Images News We have been tracing the path of the Federal Reserve’s efforts to conduct monetary policy using either quantitative easing or quantitative tightening. The approach to monetary policy has been particularly effective in achieving the goals the Federal Reserve set out to achieve. I would argue that the reason why their “quantitative…
Khanchit Khirisutchalual The Federal Reserve remains data-dependent, as the central bank’s Chairman, Jerome Powell, likes to say, and perhaps that’s especially true now as policymakers weigh the prospects for when (or if) to start cutting interest rates this year. Recent economic data has again raised doubts about the timing for the arrival of a dovish…
Arcadium Lithium plc (NYSE:ALTM) Bank of America Securities 2024 Global Agriculture and Materials Conference February 27, 2024 2:00 PM ET Company Participants Paul Graves – Chief Executive Officer Unidentified Company Representative Thank you. Our next session is with Arcadium Lithium of course created from the recent merger of Livent and Allkem. Arcadium owns a number…
da-kuk There will come a point when Technology no longer rules the momentum world in the short term. I actually think we’re pretty close and the long-awaited rotation out of growth indices into value ones will come. But if you disagree, and still want exposure to the Nasdaq as a proxy for growth, the Fidelity…
Brandon Bell/Getty Images News Introduction I am a huge fan of The Home Depot, Inc. (NYSE:HD) for various reasons. It’s one of America’s most iconic DIY stores, which not only has a duopoly with its peer Lowe’s (LOW) in various segments but also a lot of room left in an addressable market close to $1…
A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very logical thing to do, right? Why risk the security and stability of L1 when you…
WilshireImages Introduction Around the end of summer, I wrote my first article on Seeking Alpha, which was about American Express (NYSE:AXP) (I recommend you take a look here). At that time, Amex’s stock was trading around $160, and I outlined a number of reasons why I believed the business would perform well over the long…
In a significant milestone for spot Bitcoin exchange-traded funds (ETFs), BlackRock’s spot Bitcoin ETF has recorded over $1 billion in trades today alone, according to Bloomberg Senior ETF Analyst Eric Balchunas. This achievement underscores the growing demand for Bitcoin investment products and highlights the increasing acceptance of Bitcoin within traditional finance. MILESTONE $IBIT has traded $1b worth of…
Nancy Anderson The Basic Story: Vitesse Energy (NYSE:VTS) is a small cap, non operated Bakken player with a lightly levered balance sheet and a high base dividend yield. The dividend here is a priority. The company has already guided to low double digit growth in 2024 and we expect that to be reaffirmed with their…
ugurhan Listen here or on the go via Apple Podcasts or Spotify. Rob Isbitts talks portfolio strategies, why he combines offense and defense and why he’s not a fan of the 60-40 approach (1:10). International markets and ETFs (13:47). Too much focus on stock picks and past performance (19:40). Transcript Rena Sherbill: Rob Isbitts, welcome…
Johnce/E+ via Getty Images Teva’s Prescription for Profit: Simlandi’s Market Shake-Up Since my December call for a “revival” in Teva Pharmaceutical Industries Limited’s (NYSE:TEVA) stock for the new year, shares are up 32%, beating the market’s performance (SPY) of 11% in the same time period. Seeking Alpha Over the weekend, Teva made a regulatory announcement…
nazar_ab/E+ via Getty Images “In the short run the market acts as a voting machine; in the long run it becomes a weighing machine.” – Ben Graham Innergex (TSX:INE:CA)(OTCPK:INGXF) is a company we have been following for several years now, and the last time we wrote about them was in May 2023, when we upgraded…
Itron, Inc.’s (NASDAQ:ITRI) Q4 2023 Earnings Conference Call February 26, 2024 10:00 AM ET Company Participants Paul Vincent – Vice President of Investor Relations Tom Deitrich – President and CEO Joan Hooper – Senior Vice President and CFO Conference Call Participants Noah Kaye – Oppenheimer Martin Malloy – Johnson Rice and Company Jeffrey Osborne –…
NurPhoto/NurPhoto via Getty Images Investor sentiment towards AppLovin Corporation (APP) appears positive after it reported fourth-quarter 2023 earnings on February 14, 2024, after the bell. Revenue was $25.23 million higher than analysts’ consensus expectations, and earnings beat expectations by $0.14. Additionally, the company’s free cash flow (FCF) jumped significantly higher in 2023. The stock rose…
Braiins, a leading mining pool in the Bitcoin industry, has made a significant stride by becoming the first mining pool to introduce Lightning payouts. This pioneering move marks a notable advancement in the integration of the Lightning Network (LN) within the mining sector. Introducing Lightning payouts ⚡️ We are excited to be the first mining…
HeliRy Note: I have covered Teekay Corporation (NYSE:TK) previously, so investors should view this as an update to my earlier articles on the company. Last week, shares of Teekay Corporation sold off after its main consolidated asset Teekay Tankers Ltd. (TNK) reported weaker-than-expected fourth quarter results. Adding insult to injury, Teekay Tankers management refused to…
Smith Collection/Gado/Archive Photos via Getty Images Williams-Sonoma (NYSE:WSM) is one of the most popular retailers for individuals looking for high-quality home furnishing and kitchenware. Even though I typically steer clear from retailers due to their tight relationship with economic trends, I am considering buying shares in Willams-Sonoma. This consideration is mainly driven by the company’s…
stefanschurr/iStock via Getty Images This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. QDF strategy FlexShares Quality Dividend Index Fund ETF (NYSEARCA:QDF) started investing operations on 12/14/2012 and tracks the Northern Trust Quality Dividend Index. It has 134 holdings, a distribution…
Justin Sullivan Last week, one of the great growth stories of our time continued when NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal fourth quarter results. The chipmaker has seen its Data Center business soar thanks to a boom in accelerated computing and generative AI, sending shares to new heights. At this point, however, things are looking…
CLP Holdings Limited (OTCPK:CLPHF) Q4 2023 Earnings Conference Call February 26, 2024 3:00 AM ET Company Participants Marissa Wong – Director, Investor Relations T.K. Chiang – Chief Executive Officer Nicolas Tissot – Chief Financial Officer Conference Call Participants Pierre Lau – Citi Evan Li – HSBC Robert Koh – Morgan Stanley Steven Choi – JPMorgan…
Today in my series called “things people following Bitcoin for the last 13 years have already figured out but I’m presenting as a brand new epiphany”, I wanted to write about a revelation about Bitcoin’s adoption, standardization, and normalization I had this past week. While thinking about what it would take for Bitcoin to receive…
panida wijitpanya The bull market is in full force on the tailcoats of blowout earnings numbers from the poster child for artificial intelligence — Nvidia. This company makes the processors that power the development of AI. Its stock and those that are linked to the AI industry have risen to dizzying heights, raising concerns about…
PM Images Over the previous year, shares of Omega Healthcare Investors (NYSE:OHI) reached $34.77 in October before retracing roughly -19.5% to the $28 level going into Q4 2023 earnings. While the past decade has been full of ups and downs as shares traded above $40 and under $25, they have ultimately declined by -1.94%. The…
zemarinho/iStock via Getty Images Introduction My previous article on the iShares 20+ Year Treasury Bond ETF (TLT) forecast expected return and volatility. It demonstrated that TLT has a superior risk-return profile to the stock market. However, additional information is required to construct a portfolio. Specifically, the relationships between bonds and other asset classes, such as…
Justin Sullivan/Getty Images News Introduction In the rapidly evolving world of online gambling, DraftKings (NASDAQ:DKNG) stands out as one of the most exciting companies. As we dive into the company that is DraftKings, you will find a company that’s rapidly becoming one of the most recognizable names in online gambling with its bold strategies and…
Ievgen Postovyk/iStock via Getty Images Investment thesis Note: Dollar amounts refer to USD. Please also note BHP’s financial year ends June 30, so December 31 is the half-year period. BHP Group Limited (NYSE:BHP) reported its half-year earnings this past week and profits allegedly dropped by 90% on weak nickel prices: Seeking Alpha The negative reports…
Peter Dazeley/The Image Bank via Getty Images Thesis Imperial Brands PLC (OTCQX:IMBBF; OTCQX:IMBBY) has attracted a lot of attention due to its cheap valuation and high dividend yield. The tobacco industry is undergoing a transformation, and the single most important growth factor over the longer term for tobacco companies and IMBBF is non-combustible products. IMBBF…
Photofex/iStock Editorial via Getty Images In September 2022, I put a buy rating on Embraer (NYSE:ERJ) stock and that rating has worked out quite well so far as the stock has appreciated 72% compared to a 25% gain for the broader markets. Since my last report, in which I marked ERJ stock a strong buy,…
JamesBrey All values are in CAD unless noted otherwise. The ownership of this stock is generally restricted to Canadians. If you are wondering “What Is That Aboot?”, you can read more here. In our last coverage of Alaris Equity Partners Income Trust (TSX:AD.UN:CA), we made the case that this was severely mispriced and the big…
Tippapatt Investment Summary My recommendation for ContextLogic Inc. (NASDAQ:WISH) is a buy rating. I believe this is a very attractive investment situation that does not appear often. WISH is going to sell all its operating assets and liabilities to Qoo10, and post-sale, WISH will become a holding company with $173 million in cash and $2.7…
Richard Drury Ares Commercial Real Estate (NYSE:ACRE) announced a 24% dividend cut last week as the company suffers from the fallout in the commercial real estate market. Like other commercial mortgage lenders, the REIT has seen an increase in its reserve for expected credit losses, which impacted Ares Commercial’s P&L negatively in the fourth quarter….
loveguli Investment Thesis Alibaba Group Holding Limited (NYSE:BABA)(OTCPK:BABAF) was one of the most controversial stocks of 2021 and 2022. The fervour may have died down somewhat as certain dramatic scenarios that were suggested, e.g. being crushed by the Chinese government and delisted from U.S. stock exchanges, have not come to pass — and yet new…
courtneyk Investment Thesis PROG Holdings (NYSE:PRG) continues to be a solid performer among a tough economy and rising interest rates. Given its recent Q4 earnings, I believe the stock is a hold but continue to be optimistic about the company’s long-term potential. However, given its valuation, I believe most of its growth prospects are priced…
krisanapong detraphiphat/Moment via Getty Images Elevator Pitch I leave my existing Buy rating for Newmark Group (NASDAQ:NMRK) unchanged. My prior December 16, 2023, update for NMRK referred to the stock as “an undervalued capital markets recovery play.” The recovery in Newmark’s capital markets business is still in progress, which suggests there is still upside associated…
photoman Overview I previously rated Ally Financial (NYSE:ALLY) as a buy in October 2023. It seems that my timing was ideal, as the stock has now moved up over 46% since then. The price appreciation was more severe than anticipated and happened much quicker than expected. At the time of my original analysis, the dividend…