solarseven/iStock via Getty Images Investment Thesis Carvana Co. (NYSE:CVNA) is a deeply unpopular stock, but that hasn’t stopped it from being a terrific investment. What’s more, in the same vein as I was unpopular in recommending CVNA to you, with unshakable bullishness in the past year, I’m now no longer willing to ride this rocket…
374Water Inc. (NASDAQ:SCWO) Q1 2024 Earnings Conference Call May 17, 2024 1:00 PM ET Company Participants Heather Crowell – IRChris Gannon – President and CEOAdrienne Anderson – CFO Conference Call Participants Operator Greetings and welcome to the 374Water First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions]…
Rusty Russell, lead Lightning developer for Blockstream, is spearheading an ambitious initiative known as the Bitcoin script restoration project. This effort aims to restore and expand the functionality of Bitcoin’s script language, which was significantly limited in the early days of Bitcoin due to security concerns. In a recent interview with Bitcoin Magazine, Russell elaborated…
PM Images I last covered the Global X SuperDividend ETF (NYSEARCA:SDIV) in early 2023. In that article, I argued that SDIV’s consistent dividend cuts and underperformance made the fund a sell, notwithstanding its high yield. SDIV’s dividends have declined by over 17% since, and the fund has significantly underperformed too, as expected. SDIV Previous Article…
Morsa Images In my previous analysis on March 11, 2024, covering Curaleaf Holdings (OTCPK:CURLF), (TSX:CURA:CA), I recommended a rating of “Buy”. Since then, Curaleaf’s stock price has increased by about 46% compared to just 3.7% by the S&P 500 Index. Compared to peers such as Trulieve or Green Thumb Industries, Curaleaf stood out and successfully…
Juanmonino Every year, investors anxiously await the release of Warren Buffett’s annual letter to see what the “Oracle of Omaha” says about the markets, the economy, and where he is placing his money. “One of the longest-running traditions in modern finance is that every year, one Saturday morning in late February, the world’s financial class…
Lemon_tm New-high fatigue? Gold had another good month in April, posting a 4% gain and ending the month at US$2,307/oz. Unlike March, gold finished off its intra-month high from probable buyer reticence and profit taking – reflected in falling Chinese premia, lower Indian imports and flat-lining COMEX positioning. On the flipside, the trend in North…
chris-mueller Apple (NASDAQ:AAPL) shares have been treading water for quite a while now due to many concerns about growth, challenges in China, the antitrust lawsuit, and more. Apple’s valuation is high, especially relative to its growth rate. The stock has jumped from recent lows over buyback headlines and also over excitement about AI announcements that…
Erik Isakson Fabrinet’s (NYSE:FN) stock surged by more than 157% last year, beating the tech-heavy Invesco QQQ Trust ETF (QQQ) by more than 100% as shown in the chart below. This is mostly because of the market pricing in AI-related prospects, but things seem to have changed from March this year, illustrated by its orange…
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Bitcoin has for most of its lifetime been seen as a monetary network, whereby users can send and receive the native token BTC. Given the tremendous price appreciation since its inception in 2009, the monetary good…
Alpha Teknova, Inc. (NASDAQ:TKNO) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Jennifer Henry – Senior Vice President of MarketingStephen Gunstream – President and Chief Executive OfficerMatthew Lowell – Chief Financial Officer Conference Call Participants Jacob Johnson – StephensSteven Mah – TD CowenMatt Larew – William BlairVidyun Bais – BTIG…
Monty Rakusen Semiconductor giant Applied Materials, Inc. (NASDAQ:AMAT) posted second quarter earnings last night, and shares are fractionally off in the early trade following the report. The stock went on an epic heater to the upside from the November low into the February release of Q1 results, prompting me to place a Hold rating on…
jetcityimage To begin, I must confess that I am an outsider regarding Tesla, Inc. (NASDAQ:TSLA) although I have taken an interest in its products and a beneficial ownership in its stock. I am not partial to any information that the public is not aware of, moreover, I have not memorized the latest delivery figures or…
Today, the Proof of Workforce Foundation, a 501(c)(4) tax-exempt nonprofit organization, has announced the addition of two distinguished members to its Board of Directors: Ajit Singh and Raphael Zagury, according to a press release sent to Bitcoin Magazine. This duo is being brought on to further strengthen the Foundation’s mission to promote meaningful, education-based Bitcoin adoption among…
Bitfarms Ltd. (NASDAQ:BITF) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET Company Participants Tracy Krumme – Senior Vice President, Investor RelationsNico Bonta – Interim Chief Executive OfficerBen Gagnon – Chief Mining OfficerJeff Lucas – Chief Financial Officer Conference Call Participants Lucas Pipes – B. Riley SecuritiesJoe Flynn – Compass PointJosh Siegler –…
Shutthiphong Chandaeng Nexstar Media Overview In January 2021, while President Biden’s victory over Donald Trump was still fresh in the minds of investors, I initiated coverage on Nexstar Media Group, Inc. (NASDAQ:NXST) and revealed an interesting statistic regarding the performance of NXST. To my surprise, I found that Nexstar stock has performed substantially better in…
sommart Introduction One of my readers suggested I look at Merchants Bancorp (NASDAQ:MBIN), specifically at one of its preferred stocks. They actually have several, one is fixed rate, the others float. While none are in their Callable period, one of the floating issues does start later this year. The three issues are: Merchants Bancorp 8.25%…
Recent 13F SEC filings have revealed several major US financial institutions are allocating serious money to Bitcoin via spot ETFs, with these filings disclosing the holdings of institutional investors with over $100 million allocated. After the SEC approved several spot Bitcoin ETFs earlier this year, investors have eagerly awaited these disclosures. The filings reveal names…
JeanUrsula/E+ via Getty Images Investment thesis Kaspi.kz (OTC:KSPI) is Kazakhstan’s most valuable listed company and is best known for their convenient and reliable super app. Most analogous to Tencent’s WeChat app, Kaspi’s super app offers many features such as payments/banking, e-commerce shopping, travel (e.g. buying airplane and hotel tickets), government services (e.g. paying taxes, electronic…
MaximFesenko/iStock via Getty Images I’m a little surprised to see Apple (NASDAQ:AAPL) (NEOE:AAPL:CA) shares melt up after a short-term challenge following its post-Q2 spike, although this has been in concert with a generally rising market. With a moderately higher share price, amid subdued volatility (especially compared to the ~near earnings period), there may be an…
metamorworks Before we start our article, we would like to thank Robert Dydo for his successful calls on Ouster. His comprehensive analysis and outstanding research played a key role in bringing Ouster to our attention, which led us to initiate coverage on this stock. Strong Q1 Earnings, Stock Jumps 20% Ouster (NYSE:OUST) reported its Q1…
Andy Andrews Investment thesis Arm Holdings (NASDAQ:ARM) stock is one of the hottest amid the AI-fueled stock market craze. In these circumstances, it is crucial to differentiate bubbles from true disruptors. ARM definitely does not look like a bubble. Its undisputed dominance in CPUs for smartphones generates above 90% gross margin, which provides the company…
Suphanat Khumsap/iStock via Getty Images “The U.S. economy is hard to hold back, even if you try,” says midstream fund manager Jay Hatfield in an interview May 15. The context in which we speak is assessing the fundamentals in oil, gas, and some transition dynamics as it relates to policy, the U.S. economy, and the…
Stay informed with free updates Simply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox. GSK has sold its remaining stake in Haleon, the consumer healthcare company it spun off and listed in London in July 2022, raising £1.25bn and underscoring how pharmaceutical groups are streamlining their businesses to focus…
Daniel Grizelj/DigitalVision via Getty Images Investment Thesis Criteo (NASDAQ:CRTO) is showing strong momentum in its transition into a fast-growing adtech software provider. Upgraded management guidance for 2024 revenue and EBITDA has resulted in a 16% return since our last article three months ago, on February 15th 2024. However, Criteo’s EBITDA multiple has remained largely flat….
jejim jejim In February of this year, I called Synopsys (NASDAQ:SNPS) a stronger AI play following the announced purchase of Ansys (ANSS). The Electronic Design Automation market leader announced a huge $35 billion deal to expand the business. Forwarding a quarter in time, the company is still working in obtaining antitrust approval for the deal,…
MoMo Productions/DigitalVision via Getty Images Kontoor Brands (NYSE:KTB) owns Wrangler and Lee, two famous global denim apparel brands. I started covering Kontoor in April with a Hold rating. I liked many aspects of the company, including its brands, management, and capital allocation. However, I considered that the multiples on earnings (around 14.5x P/E or EV/NOPAT)…
Mark Segal/DigitalVision via Getty Images HighPeak Energy (NASDAQ:HPK) appears to have made substantial progress in reducing its operating costs, with a $1.50 per BOE reduction in combined lease operating expense and workover expense in Q1 2024 compared to Q4 2023. It also indicated that it expects the lowered operating costs to continue during the rest…
Wasan Tita By Gianmarco Migliavacca Although event risk is rising, the biggest deals look creditor-friendly, preserving credit quality and ratings. After a long hiatus, mergers and acquisitions have resumed in the Basic Materials sector, with large deals announced in Mining and Paper & Packaging. After our earlier blog on rising M&A momentum among investment grade…
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s industrial production rose more than expected last month, but retail sales grew more slowly in a sign that weak consumer sentiment was weighing on a recovery in the world’s second-largest economy. Industrial production grew…
selimaksan/E+ via Getty Images The Fund PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (NYSEARCA:MINT) seeks to maximise current income, while giving due importance to preservation of capital. This actively managed ETF is geared towards investors that want to park their cash whilst waiting for opportune investments. The returns since inception show that the fund has…
Philip Steury US monetary policy easing is set to begin later than previously forecast. Following a run of stronger-than-expected inflation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December’s meeting. Policy rate reductions will not occur until there is “greater confidence that inflation is moving sustainably…
JD.com, Inc. (NASDAQ:JD) Q1 2024 Earnings Conference Call May 16, 2024 8:00 AM ET Company Participants Sean Zhang – Director of Investor RelationsSandy Xu – Chief Executive OfficerIan Shan – Chief Financial Officer Conference Call Participants Ronald Keung – Goldman SachsAlicia Yap – Citi ResearchKenneth Fong – UBS Securities Asia Ltd.Thomas Chong – Jefferies Hong…
JARAMA The U.S. Bureau of Labor Statistics (BLS) nonfarm payrolls has averaged monthly gains of over 233k over the past year. By all standards, that is a healthy number, especially considering the federal funds rate has been above 5% over that same time period. However, a deeper look into the numbers may reveal the impact…
Start Time: 14:30 January 1, 0000 3:54 PM ET BT Group plcQ4 2024 Earnings Conference CallMay 16, 2024, 16:30 PM ET Company Participants Allison Kirkby – Chief ExecutiveSimon Lowth – CFOMark Lidiard – IR Conference Call Participants Adam Fox-Rumley – HSBCRobert Grindle – Deutsche BankJames Ratzer – New Street ResearchDavid Wright – Bank of AmericaAkhil…
JHVEPhoto Overview Pfizer (NYSE:PFE) (NEOE:PFE:CA) has struggled to gain any sort of recovery momentum since it suffered losses in revenue coming off the tail end of the pandemic. In addition, the upcoming patent expiries seem to be a source of concern for many investors here as we try to figure out how PFE will whether…
dvulikaia The Amplify U.S. Alternative Harvest ETF (NYSEARCA:MJUS) saw increased activity on Thursday amidst the most significant piece of federal reform of cannabis recently, if not ever. President Biden has officially announced that the government will be moving to reschedule cannabis to Schedule III, with the Department of Justice filing their official notice. This comes…
Zurich Insurance Group AG (OTCQX:ZURVY) Q1 2024 Results Conference Call May 16, 2024 7:00 AM ET Company Participants Jon Hocking – Head, IRMario Greco – CEOClaudia Cordioli – CFO Conference Call Participants Andrew Sinclair – Bank of AmericaPeter Eliot – Kepler CheuvreuxWill Hardcastle – UBSJames Shuck – CitiMichael Huttner – BerenbergVinit Malhotra – MediobancaWilliam Hawkins…
HeliRy Note: I have covered Imperial Petroleum Inc. (NASDAQ:IMPP, IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Following several quarters of relentless dilution, Greece-based tanker and dry bulk vessel operator Imperial Petroleum reversed course last year and started to buy back common shares in the open…
Milestone Scientific Inc. (NYSE:MLSS) Q1 2024 Results Conference Call May 16, 2024 8:30 AM ET Company Participants David Waldman – Investor RelationsArjan Haverhals – Chief Executive OfficerKeisha Harcum – Controller Conference Call Participants Anthony Vendetti – the Maxim Group Operator Good morning, everyone, and welcome to the Milestone Scientific Inc. First Quarter 2024 Financial Results…
Advanced Drainage Systems, Inc. (NYSE:WMS) Q4 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Allison Justice – Director of IRScott Barbour – President and CEOScott Cottrill – CFO Conference Call Participants Mike Halloran – BairdMatthew Bouley – BarclaysGarik Shmois – Loop CapitalBryan Blair – OppenheimerJohn Lovallo – UBSDavid Tarantino – KeyBancNoah…
DXC Technology Company (NYSE:DXC) Q4 2024 Earnings Conference Call May 16, 2024 5:00 PM ET Company Participants John Sweeney – VP, IRRaul Fernandez – President and CEORob Del Bene – EVP and CFO Conference Call Participants Bryan Keane – Deutsche BankTien-Tsin Huang – JPMorganBryan Bergin – TD CowenPaul Obrecht – Wolfe ResearchJonathan Lee – Guggenheim…
Vertigo3d My history charting Wall Street’s latest darling stock is pretty straightforward. There have been financial markets I have charted in, particularly during bear markets that, have come within dollars of their targets. Not Nvidia (NASDAQ:NVDA), it has shown its wave pattern hand and landed or in the latest bullish cases, exploded to target each…
ThitareeSarmkasat The Advance Report on Monthly Sales for Retail & Food Services was published on May 15, 2024, at 8:30 AM. The report contains information about changes in the prices (inflation/deflation) of a wide array of goods and services purchased by consumers in the U.S. during the month of April 2024. According to the BEA,…
mirza kadic Introduction The abrdn Australia Equity Fund, with almost 4 decades of listing history, is a close-ended fund (‘CEF’) that focuses on a small pool of stocks (around 33, most of which are large-caps with an average market-cap of $33bn) that are listed on the Australia Stock Exchange. Over the past six months, IAF…
kynny Introduction Analog Devices (NASDAQ:ADI) is going to report second quarter earnings on the 22nd of May before the market opens. I wanted to revisit the company to see how it performed through 2023 and what to expect in Q2. All but one segment of the business has been in a decline in the last…
“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He…
andipantz Introduction It’s time to talk about Deere & Company (NYSE:DE), one of my all-time favorite dividend growth stocks and one of the best sources providing intel for investors interested in agriculture and construction. Since 2020, I have frequently covered the company as it became a cornerstone of my long-term vision and a core holding…
Copa Holdings, S.A. (NYSE:CPA) Q1 2024 Earnings Conference Call May 16, 2024 11:00 AM ET Company Participants Daniel Tapia – Director, IRPedro Heilbron – CEOJosé Montero – CFO Conference Call Participants Savi Syth – Raymond JamesDuane Pfennigwerth – EvercoreRogerio Araujo – Bank of AmericaHelane Becker – TD CowenAlberto Valerio – UBSMichael Linenberg – Deutsche BankPablo…
ElementalImaging/E+ via Getty Images Ferroglobe PLC (NASDAQ:GSM) reported Q1 2024 results this week. EBITDA came in at $25.8 million, down from $60.3 million in Q4 and $44.8 million in Q1 last year. The profitability drop is not that surprising. Q1 is usually the seasonally slowest volume quarter, and pricing was weak across the board. Silicon…