VinFast shares jumped nearly 70% following its trading debut and is worth more than Kia and Hyundai combined. However, VFS may be too costly. Vietnamese-founded electric vehicle (EV) maker VinFast (VFS) has seen a significant share price spike after its US trading debut. After listing on the Nasdaq, VinFast shares rose, resulting in a market…
Sakorn Sukkasemsakorn U.S. companies broadly notched better-than-expected results in the second quarter, even as overall earnings growth for the S&P 500 saw a decline. Equity investor Carrie King sees more interesting developments beyond the numbers and posits one area that may be getting tired as another readies for a reawakening. By the numbers Earnings for…
Taiyou Nomachi/DigitalVision via Getty Images Stanley Black & Decker, Inc. (NYSE:SWK) engages in the tools and storage and industrial businesses in the United States and internationally. We have started coverage on the firm in August 2022 with a neutral view, and we have maintained this ever since. In this time frame SWK returned -1.9% compared…
SolStock Investment thesis I initiate my coverage of the Monster Beverage Corporation (NASDAQ:MNST) and rate it a Hold following my research into the company and the underlying market, and the company’s strong Q2 results. Overall, I initiate a bullish view of the company but believe its valuation is too demanding today. I view the company’s…
TERADAT SANTIVIVUT Market Summary With inflation gradually easing and the U.S. economy holding firm, stocks generally advanced during the second quarter. Conditions prompted U.S. Federal Reserve (“Fed”) officials to pause their aggressive rate-hike campaign in June and forecast that the U.S. would avoid a recession in 2023. Fed Chair Jerome Powell did assert, however, that…
Brandon Bell A Tough Year Dollar General (NYSE:DG), the largest discount retailer in America by store count with 19,294 stores as of the last reporting period, has long enjoyed a comfortable place in the minds of investors. With an enormous footprint and operating leverage, the business model of Dollar General has generally resonated well with…
gopixa By Brian Manby, CFA Small-cap investing is tricky, and there are myriad ways to pursue alpha relative to traditional, market cap-weighted benchmarks like the Russell 2000. Managers routinely combine factors to obtain exposure and experiment with different weighting mechanics, hoping their preferred small-cap recipe delivers improved risk-adjusted returns. We are no exception. This past…
Michael M. Santiago JPMorgan Chase (NYSE:JPM) reported a strong set of Q2 2023 results, easily topping consensus estimates on both topline and earnings. JPM’s results were supported by a strong performance across business divisions, with a favorable net interest income tailwind pushing JPM’s adjusted return on tangible equity (ROTE) to a close record-high, industry-leading 23%….
joshlaverty Canadian consumer prices ticked higher in July, but will it lead the Bank of Canada to hike rates in September? Moneytalk’s Greg Bonnell discusses with Hafiz Noordin, Portfolio Manager, Active Fixed Income at TD Asset Management. Greg Bonnell: Canadian headline inflation reaccelerated in July. But will that lead to a Bank of Canada rate…
aluxum Investment briefing After extensively reviewing the investment case for Privia Health Group, Inc. (NASDAQ:PRVA) findings corroborate a revised buy rating in my view. Following the September FY’22 publication on PRVA, several pointers suggest the company can unlock risk capital for equity investors this year. PRVA exhibits growth in key business metrics underlying its unit…
fotoVoyager/E+ via Getty Images Investment thesis Our current investment thesis is: Brexit, e-commerce, working-from-home, and economic conditions are acting as a drag on BL’s performance. We are concerned that the company faces a continued decline. BL is highly indebted but we are not too concerned given the low LTV and negative real rates. Company description…
naphtalina/iStock via Getty Images Investment Briefing In the last profile of Insulet Corporation (NASDAQ:PODD) from July last year, the case was provided for the company to trade from $240 and sell at $284 over a 4–6 month period. PODD did reach these values in the stipulated time frame. I sold all our PODD equity stock…
valentinrussanov Overview My recommendation for Sprout Social (NASDAQ:SPT) is a buy rating despite the weak share price action post-result. I think investors are focusing on the wrong headline metric (total customer count declining), as it is a matter of mix. As SPT continues to churn away non-core subs, I expect the financials and metrics to…
wildpixel By Christopher Gannatti, CFA The excitement about the promise of artificial intelligence (AI) is shifting to how well the technology will drive increased revenues for tech and the broader economy. To sustain spending on high-end chips, companies must see a payoff. ChatGPT’s release in November 2022 was a blockbuster, with 100 million users signed…
Edwin Tan Archer-Daniels-Midland Company (NYSE:ADM) procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. We have started coverage on the firm in July 2022, with a hold rating. Since then, the stock has gained about 18%, slightly outperforming the broader market, which has gone up by roughly…
Shutter2U/iStock via Getty Images One of the many amazing things about generative AI (GenAI) and the impact it’s having is how different it is from other recent big tech trends. Not only is it growing faster and more broadly than other buzzy technologies like blockchain and cryptocurrency, it’s also taking organizations into a great deal…
Morsa Images The whole cannabis space has been tough enough over the last year, but now Cresco Labs Inc. (OTCQX:CRLBF) has to start over following the termination of the agreement to buy Columbia Care (OTCQX:CCHWF). The multi-state operator (“MSO”) has seen the stock get crushed to new lows despite results generally in line with the…
jetcityimage/iStock Editorial via Getty Images Paycor HCM, Inc. (NASDAQ:PYCR) has just announced its fiscal Q4 and full-year 2023 results as Seeking Alpha has covered here. Based on initial reaction, it appears like Mr. Market is not all too excited about the results as the stock has fluctuated between 2% and 8% down. But, as I…
vorDa/E+ via Getty Images CHT logo (Chunghwa Telecom) Investment Thesis There are certainly risks that the world is going to enter a recession, mild or otherwise, in the very near future. We believe that it is wise to have some companies in the portfolio that historically have been able to stand up to such economic…
Pgiam/iStock via Getty Images Investment briefing Following its latest set of numbers the investment case for Quipt Home Medical Corp. (NASDAQ:QIPT) has only ripened further in my opinion. Since my April publication the company has sold off with a c.$3/share correction. The price line is now wedging up, setting higher lows after closing higher on…
wildpixel Introduction Karuna Therapeutics (NASDAQ:KRTX) develops innovative treatments for psychiatric and neurological disorders. Their investigational drug, KarXT, targets schizophrenia and Alzheimer’s-related psychosis with a unique mechanism, differing from dopaminergic or serotonergic pathways, offering a potential new treatment option. In my previous analysis of Karuna Therapeutics, I highlighted the potential of their antipsychotic drug, KarXT, to…
Acelyrin, Inc. (NASDAQ:SLRN) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Tyler Marciniak – VP of Investor Relations, Communications, and Corporate Operations Shao-Lee Lin – Founder and Chief Executive Officer Paul Peloso – Chief Medical Officer Gil Labrucherie – Interim Chief Financial Officer Conference Call Participants Tyler Van Buren –…
Robert Way An ETF linked to generative AI seems like a smart way to diversify investment in one of the most important megatrends of this and the coming years. That’s why I was intrigued by Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT), but my curiosity quickly turned into disappointment. This ETF has only one strength:…
blackred ~ by Snehasish Chaudhuri, MBA (Finance). The U.S. economy had enough volatility during the past years. Unemployment, higher tariff, covid-related supply chain disruptions, interest rate hikes, tax cut, inflation, all played their role. During such a troubled time, iShares Asia/Pacific Dividend ETF (DVYA) provided a consistent dividend with a significantly high yield. The fund…
Daniel Balakov New Jersey Resources (NYSE:NJR) is a New Jersey-based energy services firm with operations across natural gas, renewables and electricity, and other energy services. NJR Q3’23 Presentation Through these activities, NJR has achieved Q3’23 revenues of $251.43mn – a 54.43% decline – alongside a net income of $1.53mn – an 88.26% decline – and…
anyaberkut/iStock via Getty Images First, I know I write incessantly about private mortgage insurers. I can’t help it. I just think they are generally ignored and frequently misunderstood when not ignored. Most importantly, I am confident they remain quite cheap to their likely outcomes for the next 5+ years. Second, a shout-out to me. Yes,…
uCloudlink Group Inc. (NASDAQ:UCL) Q2 2023 Earnings Conference Call August 16, 2023 8:30 AM ET Company Participants Jillian Zeng – Investor Relations Chaohui Chen – Co-Founder and Director, Chief Executive Officer Yimeng Shi – Chief Financial Officer Conference Call Participants Theodore O’Neill – Litchfield Hills Research Vivian Zang – Diamond Equity Research Yanxin Li –…
sanfel Investment Thesis In the second quarter, macroeconomic uncertainties were the highlight for Tesla, Inc. (NASDAQ:TSLA), as executives were not as confident about the future financial outlook as they usually were, as prices were cut and margins narrowed. We think this theme will continue for the rest of the year, and perhaps into 2024. Today,…
BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to amplify BitGo’s secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions. “Not only…
TERADAT SANTIVIVUT Thesis The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is a fixed income exchange traded fund. The vehicle seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years, namely the IDC US Treasury 20+ Year Index. TLT is one of the best-known…
da-kuk Introduction NICE Ltd. (NASDAQ:NICE) formerly NICE-Systems Ltd., is headquartered in Ra’anana, Israel. Meaning “fresh” or “anew” in Hebrew, this American-Jewish settlement was founded in 1922, and English is still widely spoken. As a former resident of Atlanta, Georgia, I know that Ra’anana holds a prized sister city relationship with Atlanta since 2001. The industrial…
Svetlana Evgrafova/iStock via Getty Images Newly listed household appliances company SharkNinja (NYSE:SN) has had just a few days of public trading. But so far, it’s not going well. It’s down by 17% since listing. However, I do believe it’s possible that the stock can get a new lease on life once its second quarter earnings…
The United States Securities and Exchange Commission has announced an extension of the numerous pending Bitcoin Exchange-Traded Fund approvals decision until 2024. This move highlights the SEC‘s commitment to thoroughly assess the potential risks and benefits of a Bitcoin ETF, considering its potential impact on both the crypto market and traditional financial systems. Regulatory Hurdles…
Darren415 In this article, we provide an update on the Western Asset Diversified Income Fund (NYSE:WDI). The fund has continued to raise its distributions on the back of a substantial floating-rate asset base as well as stable borrowings. However, unlike bank loan funds, which have also enjoyed distribution hikes, WDI has a duration north of…
Dubbed the Digital Energy Council (DEC), the team is in Washington DC and was established on the 15th of August. The US crypto mining sector has created a lobby group targeted at dispelling misconceptions about its sustainability. Majorly, the DEC wants to address the misbelief about its sustainability with policymakers. The US government has kept…
bodnarchuk Introduction Saint Helier, Jersey-based Caledonia Mining Corporation Plc (NYSE:CMCL) released its second-quarter results on August 10, 2023. Caledonia’s primary asset is Blanket Mine, a gold mine in Zimbabwe. However, it also produces gold in the Bilboes mine. The company owns 64% of Blanket Mine and 100% of the Bilboes oxide mine. Caledonia is a…
With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers. Leading American crypto exchange Coinbase has received regulatory approval to offer eligible customers in the United States the opportunity to trade Bitcoin (BTC) and Ethereum (ETH) futures contracts. The company will serve as…
gguy44 Introduction As it has been nine months since I last had a look at Parke Bancorp, Inc. (NASDAQ:PKBK), I thought the Q2 results are a good enough reason to have another look at this small regional bank focusing on New Jersey with a residential real estate heavy loan book. Needless to say, the bank…
An iconic Ordinal is being donated to the team that kickstarted the upstart protocol. Announced today, Bitcoin Magazine is gifting one of its 23 ‘Historic Covers,’ unique one-of-one Ordinals representing our print magazine’s original run, to the Open Ordinals Institute, a new non-profit dedicated to fostering development of the open-source Ordinals protocol. Launching at the…
~UserGI15994093/iStock via Getty Images Introduction Schrodinger (NASDAQ:SDGR) is a computational biology platform that uses a physics-informed algorithm, free energy perturbation (FEP), combined with machine learning to design drugs. In addition to licensing its code out to pharmaceutical companies, the company operates a partnership model, where SDGR will leverage its software and take equity or cash…
Dimitrios Kambouris Investment Thesis Despite a Q2 2023 earnings slump attributed to market headwinds, Occidental Petroleum Corporation (NYSE:OXY) has positioned itself for a long-term solid performance by leveraging its diverse portfolio of assets and operational efficiency. The article explores the company’s strategic fundamentals (trifecta strategy), encompassing diverse assets, steady production climb, operational excellence, and commitment…
jetcityimage Intro W.W. Grainger (NYSE:GWW) is engaged in the distribution of maintenance, repair, and operational (MRO) products and services across a range of regions, including the United States, Japan, Canada, the United Kingdom, and worldwide. The company is organized into two primary segments: High-Touch Solutions N.A. and Endless Assortment. Its product lineup covers safety and…
Although slightly below the expected 32.3 billion yuan, Tencent’s profitability demonstrates its financial resilience in the face of economic turmoil. Chinese tech giant Tencent Holdings has released its second-quarter financial earnings report for the year. The company reported revenue of 149.2 billion yuan ($20.5 billion), showing an 11% increase compared to the 132 billion yuan…
da-kuk Overview The US dollar is trading with a slightly heavier tone in the European morning. It has stalled in front of JPY145.90, where the BOJ intervened last September and ahead of CNY7.30, which some observers think Chinese officials are defending. We are less convinced that either central bank has drawn a line at a…
This is an opinion editorial by Dave Weisberger, co-founder and CEO of cryptocurrency trading platform CoinRoutes. “Blockchain not Bitcoin” is dead… May that nonsense rest in peace. None other than Larry Fink, CEO of BlackRock, the world’s largest asset manager, recently echoed a sentiment I have been stressing for years: Bitcoin is uniquely positioned as…
JHVEPhoto/iStock Editorial via Getty Images Research Brief Leidos Holdings (NYSE:LDOS) has been added to my watchlist after my recent coverage of some of its peers in the national security/federal contracting space, particularly firms that are innovation-driven and have large pipelines of projects and work going on already. It joins other contractors in my federal series…
The Dutch economy, once a beacon of robust growth and stability, has hit a rough patch as it enters a recession following two consecutive quarters of contraction. The preliminary estimate published by Statistics Netherlands revealed a 0.3% decline in the second quarter of the year, following a 0.4% contraction in the first quarter. The Dutch economy’s…
Greenbrook TMS Inc. (NASDAQ:GBNH) Q2 2023 Earnings Conference Call August 15, 2023 10:00 AM ET Company Participants Bill Leonard – President and Chief Executive Officer Erns Loubser – Chief Financial Officer Conference Call Participants David Martin – Bloom Burton Frank Takkinen – Lake Street Capital Operator Welcome to the Greenbrook TMS Inc. Fiscal Year 2023…
Rep. David Schweikert, listed as a lawmaker with “very supportive” views on crypto in the United States, reached a settlement requiring him to pay $175,000 in connection to breaches of House ethics regulations. US-based cryptocurrency exchange Coinbase has been recently working on actively advocating for crypto holders to directly speak to lawmakers. In its latest…
halbergman Glass House Brands (OTC:GLASF) is a cannabis producer and distributor operating in California. We think that their strategy and proven execution make this player a good pick for acquiring some exposure to this growing and changing trend. Also, the relatively early stage of the company and being close to a turning point makes the…