Sypris Solutions, Inc. (NASDAQ:SYPR) Q2 2023 Results Conference Call August 15, 2023 9:00 AM ET Company Participants Jeffrey Gill – President & CEO Rich Davis – VP & CFO Operator Good day, and welcome to Sypris Solutions, Inc. conference call. Today’s call is being recorded. At this time, for opening remarks, I’d like to turn…
jinga80 Investment Thesis ContextLogic Inc. (NASDAQ:WISH) also known as Wish, is a business that faces numerous problems. Meanwhile, despite writing clearly bearish analysis on this stock, many readers have reached out to me asking why I haven’t put a sell rating on this stock. Is it that I’m still hopeful? Rather than answer individually, I’ve…
Delta 9 Cannabis Inc. (OTCQB:DLTNF) Q2 2023 Earnings Conference Call August 15, 2023 11:00 AM ET Company Participants Alexa Goertzen – Vice President-Sales John Arbuthnot – Chief Executive Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Delta 9 Q2 2023 Financial Results Conference Call. [Operator Instructions] This call is…
Wirestock/iStock Editorial via Getty Images Amazon (NASDAQ:AMZN) is the second-largest revenue-generating company in the world, and will probably take Walmart’s (WMT) crown by the end of this decade. However, it is very far from being one of the largest profit-generating companies in the world. And artificial intelligence could help improve Amazon’s profitability, in more ways…
SEC’s requests have not been limited to the discovery of Binance’s custody, security and availability of customer assets alone. Binance has filed for the court to grant it a protective order against the United States Securities and Exchange Commission. This follows after the financial regulator has made several attempts to lay its hands on all…
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Q2 2023 Earnings Call Transcript August 15, 2023 8:30 AM ET Company Participants Liz Higley – Director of IR Joe Mastrangelo – CEO Nathan Kroeker – CFO Conference Call Participants Hilary Cauley – Guggenheim Christopher Souther – B. Riley Securities Vincent Anderson – Stifel Operator Hi. Good morning, and welcome…
Prime Trust announced its intention to present a series of motions to the court. Prime Trust, a crypto custodian company based in the United States, has officially filed for Chapter 11 bankruptcy protection due to its financial challenges. The filing was made in Delaware on August 15, with the company citing a significant shortfall in…
peshkov Maybe history wouldn’t have to repeat itself if we listened once in awhile.”― Wynne McLaughlin. In hindsight, in 2007 there were plenty of signs that a major economic contraction was on the horizon. The economy was just starting to feel the full impacts of Federal Reserve’s monetary tightening that took the Fed Funds rate…
MAS said that only stablecoin issuers meeting the requirements of the newly introduced guidelines would only be considered for regulation. Singapore, a global financial hub known for its innovative approach to technology and finance, has taken a decisive step in shaping the future of stablecoins within its jurisdiction. The Monetary Authority of Singapore (MAS) has…
boonstudio/iStock via Getty Images Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) is a value-heavy high-turnover dividend fund I previously covered in October 2021; back then, it earned a Hold rating from me. Today’s note is supposed to provide an update on its portfolio composition, discuss its performance, and elaborate on why I am against buying…
Despite the favorable revenue surprise, Home Depot saw a moderated fiscal year earnings projection implying that the corporation remains cautious about the road ahead. American retail giant Home Depot (NYSE: HD) has once again demonstrated its financial resilience by surpassing Wall Street’s expectations for its Q2 2023 earnings. Despite a slight dip of 2% year-over-year…
OMNIQ Corp. (NASDAQ:OMQS) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Shai Lustgarten – Chief Executive Officer Neev Nissenson – Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Capital Operator Hello, and welcome to the OMNIQ Corp’s Second Quarter 2023 Earnings Conference Call. My name is Holly,…
The Jacobi FT Wilshere Bitcoin ETF listing marks a significant achievement for the firm and the broader European crypto investment landscape. Europe’s financial landscape is undergoing a significant change as Jacobi Asset Management company lists its first spot Bitcoin exchange-traded fund (ETF) on Euronext, a stock exchange platform based in Amsterdam. The move comes two…
Achieve Life Sciences, Inc. (NASDAQ:ACHV) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Nicole Jones – Investor Relations John Bencich – Chief Executive Officer Jerry Wan – Principal Accounting Officer Conference Call Participants Thomas Flaten – Lake Street Capital Francois Brisebois – Oppenheimer Farhana Sakloth – Ladenburg Thalmann Laura Suriel…
Blockstream, a top-tier Bitcoin infrastructure firm, has joined forces with STOKR, a trailblazing digital platform for alternative assets based in Luxembourg. Their collaboration has birthed a new investment offering: The Blockstream ASIC (BASIC) Note. During the latest bitcoin bull market, prices for bitcoin mining machines, otherwise known as ASICs, witnessed a significant surge. This was…
aimintang/iStock via Getty Images Introduction My thesis is that Brookfield Corporation (NYSE:BN) is undervalued. I also thought Brookfield was undervalued at the time of my February 2023 article, but back then the valuation work was more fragmented as the supplemental used an invested capital table that didn’t have a row for target carried interest. The…
Tencent Music entertainment noted that users are more willing to pay for the premium features. In Q2, the company registered 20% surge in the total paying users for its online music streaming service. On Monday, August 15, Tencent Music Entertainment Group, China’s leading online music and entertainment platform, reported a surge in revenue for Q2…
Nerthuz/iStock via Getty Images The technology sector led a rebound in the major market averages yesterday, but there was not a lot of participation from the remaining sectors, and the Russell 2000 small-cap index closed modestly lower. There were no economic reports to trade on, which is why volume was relatively light. I expect more…
This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate and Mandela Washington fellow. Throughout American economic history, there has been a constant drive toward centralization, as evidenced by the many attempts to establish a central bank in the United States. From Alexander Hamilton’s “Federalist Papers” to President Andrew Jackson’s fierce battle against…
Sean Gallup Investors in leading end-to-end e-commerce platform Shopify (NYSE:SHOP) have seen SHOP underperform the S&P 500 (SPX) (SPY) since my previous caution in early May, as I urged investors to hold back from adding more positions. Notwithstanding that caution, my early January 2023 Buy rating suggests SHOP’s recent pullback is nothing more than a…
Over a year after it’s initial planned launch, Jacobi Asset Management has now officially launched Europe’s first spot Bitcoin Exchange-Traded Fund (ETF) on Euronext Amsterdam. Operating under the ticker BCOIN, the ETF is regulated by the Guernsey Financial Services Commission (GFSC), with Fidelity Digital Assets providing custodial services, while Flow Traders operate as market makers while Jane…
ferrantraite Investment Thesis TopBuild Corp. (NYSE:BLD) has 2 business segments – Installation and Distribution. Both serve the construction sector. BLD was listed in 2015 and over the past 8 years, its revenue growth rate is about 3 times the growth rate of the US total construction spending. Part of the high growth was due to…
In the heart of the rapidly evolving EV market in the United States, the Vietnamese automaker is confidently carving out its niche. Vietnamese Electric Vehicle (EV) manufacturer, VinFast is set to debut on the tech-focused Nasdaq Composite (INDEXNASDAQ: .IXIC) this morning in New York. This significant step follows the successful completion of its merger with…
Holy Moly… Enbridge is in the $30’s???? Gotta tell Dad to load the wagon! Olga Potylitsyna/iStock via Getty Images Introduction Enbridge (NYSE:ENB) hasn’t been this cheap since 2021. Since early May it’s been making lower highs and lower lows, bumping off support at $36.72 and then reversing to resistance at $37.42. On July 25th, it…
Aside from the Grayscale Bitcoin Spot ETF, the SEC is also reviewing other Bitcoin ETF proposals. The US Securities and Exchange Commission (SEC) is expected to announce its decision on the Grayscale Bitcoin Spot ETF this week, according to pundits. The Grayscale Bitcoin Spot ETF was filed by Grayscale Investments, the largest digital currency asset…
Oscar Gutierrez Zozulia Investment Thesis TFS Financial Corporation (NASDAQ:TFSL) is a retail consumer banking business that deals in deposit gathering, mortgage lending, and other financial services. It has managed to sustain its solid performance despite the macroeconomic headwinds which is reflected through its financial result. The company’s operational efficiency & resilient portfolio can further help…
Morgan Stanley analysts find a strong visibility for Nvidia for the next 3-4 quarters amid the AI boom. On Monday, August 14, Nvidia (NASDAQ: NVDA) stock price gained by a straight 7% after banking giant Morgan Stanley reported that the chip manufacturer would immensely benefit from the ‘massive shift’ in artificial intelligence. The company stands…
bjdlzx Ring Energy (NYSE:REI) began with a great idea to acquire some very profitable leases and then operate those leases to build a company that someone would want to purchase (hopefully at a big premium). However, covid challenges got in the way of the transition from a concept company (or development stage stock) to an…
Hut 8 Mining reported a revenue of about $19.2 million in Q2, a significant decline from $43.8 million recorded in the same period last year, mainly caused by increased mining difficulty. Toronto, Canada-based Bitcoin mining and blockchain infrastructure company, Hut 8 Mining Corporation (NASDAQ: HUT) released its Q2 2023 financial results on Monday, August, 14….
Yalla Group Limited (NYSE:YALA) Q2 2023 Results Conference Call August 14, 2023 8:00 PM ET Company Participants Kerry Gao – Investor Relations Tao Yang – Chairman and Chief Executive Officer Saifi Ismail – President Karen Hu – Chief Financial Officer Conference Call Participants Xueqing Zhang – CICC Chenghao Li – CICC Kaifang Jia – CITIC…
Bitcoin price has oscillated around $29k in the past five months despite the ETF frenzy and crypto regulatory clarity in the United States. After enjoying a bullish first half of the year, Bitcoin (BTC) and the altcoins prices have struggled to maintain momentum in the second half. According to the latest crypto market data, Bitcoin…
Treasury Wine Estates Limited (OTCPK:TSRYY) Full Year 2023 Earnings Conference Call August 14, 2023 8:00 PM ET Company Participants Tim Ford – CEO, MD & Director Matt Young – Chief Financial Officer Tom King – Managing Director of Penfolds Ben Dollard – President of Treasury Americas Pete Neilson – Managing Director of Treasury Premium Brands…
Prior to the fall of FTX in November 2022, SBF stated that he intended to donate between $100 million and $1 billion to political campaigns influencing the 2024 elections. Former FTX CEO, Sam Bankman-Fried (SBF) has found himself facing seven counts of conspiracy and fraud in a recent indictment brought against him by US prosecutors…
Solskin Transcat (NASDAQ:TRNS) offers laboratory instrument services worldwide. It works in two segments: Distribution and Service. TRNS recently announced its Q1 FY24 results. I will analyze its financial result in this report. Although its revenue has increased, I think the company is currently overvalued. Hence, I assign a hold rating on TRNS. Financial Analysis TRNS…
The new Celsius company will operate Celsius’ mining operations while taking over private equity, institutional loans, and venture capital investments. As per the latest Bloomberg report bankrupt crypto lender Celsius Network LLC has started polling its account holders to restart a new user-owned company. Soon after getting approval from US Bankruptcy Judge Martin Glenn, Celsius…
Thinkhubstudio Reaves Utility Income Trust (NYSE:UTG) is a closed-end fund that specifically focuses on utility stocks for the purpose of income generation. The fund has been around for almost 2 decades and it has a strong track record which almost matches the performance of S&P 500 index (SPY) which not many actively managed funds can…
BalkansCat/iStock Editorial via Getty Images Introduction Getinge AB (OTCPK:GNGBY) is a Swedish Healthcare Medical Tech company focusing on three revenue segments: Acute Care, Life Sciences, and Surgical Workflows. The company is small, valued at a $5 billion USD market cap, but offers a leading position across multiple unique niches within its target markets. This includes…
narvikk Thesis Titan Machinery (NASDAQ:TITN) is the leading dealer of CNH Industrial equipment (“CNHI”), boasting a network of approximately 120 dealerships spanning the globe. CNHI is the second largest agricultural original equipment manufacturer (OEM) worldwide, ranking behind industry giant John Deere. Titan Machinery operates its dealerships predominantly within the United States, offering a comprehensive range…
dusanpetkovic Quest Diagnostics (NYSE:DGX) recently reported their Q2 earnings with a slight beat on EPS and revenue. Quest’s base business appears to be recovering from the pandemic and pulled in $2.30B in revenue, up 9.5% year-over-year. Although COVID-related revenues have faded, the company was encouraged enough to update their full-year 2023 revenues to $9.12B -$9.22B….
Cochlear Limited (OTCPK:CHEOF) Q2 2023 Earnings Conference Call August 14, 2023 8:00 PM ET Company Participants Dig Howitt – Chief Executive Officer, President Stuart Sayers – Chief Financial Officer Conference Call Participants David Low – J.P. Morgan Mathieu Chevrier – Citi Steve Wheen – Jarden Andrew Goodsell – MST Marquee Saul Hadassin – Barrenjoey Chris…
Sundry Photography Fabrinet (NYSE:FN) is a company that manufactures process technologies for businesses. The company’s focus is on optical and electro-mechanical devices. The company’s stock has seen rapid gains on the stock market, as the ticker’s price has skyrocketed for over ten years. I believe this run could continue, but with a stock price that…
Sims Limited (OTCPK:SMSMY) Q4 2023 Earnings Conference Call August 14, 2023 8:00 PM ET Company Participants Alistair Field – Group CEO and Managing Director Stephen Mikkelsen – Group CFO John Glyde – Global Chief Operating Officer Sims Metal Rob Thompson – Global Chief Commercial Officer Sims Metal Conference Call Participants Peter Steyn – Macquarie Owen…
da-kuk By Robert Carnell, Regional Head of Research, Asia-Pacific The market was expecting the PBoC to wait until September before easing again, and the August 14th cuts suggest that the authorities’ concern about the state of the macroeconomy is mounting. But that doesn’t mean that they are about to undertake unorthodox policy measures. Chinese policy…
Movano Inc. (NASDAQ:MOVE) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Jeremy Cogan – CFO & Secretary John Mastrototaro – CEO, President & Director Michael Aaron Leabman – Founder, CTO & Director Tyla Bucher – Chief Marketing Officer Conference Call Participants Marie Thibault – B. Riley Operator Greetings and welcome…
primeimages I’ve long believed that the Fed and most media observers are confused about how inflation works. That’s because most people are still captive to the traditional Phillips Curve model of inflation, which says that in order to tame inflation, the economy needs to suffer a significant slowdown in growth. In turn, that means that…
INVO Bioscience, Inc. (NASDAQ:INVO) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Robert Blum – Investor Relations Steve Shum – Chief Executive Officer Mike Campbell – Chief Operating and Vice President, Business Development Andrea Goren – Chief Financial Officer Operator Good afternoon. And welcome, to the INVO Bioscience Second Quarter…
Transphorm, Inc. (NASDAQ:TGAN) Q1 2024 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants David Hanover – IR Primit Parikh – CEO, President & Co-Founder Cameron McAulay – CFO Conference Call Participants David Williams – Benchmark Company Ananda Baruah – Loop Capital Craig Ellis – B. Riley Tore Svanberg – Stifel Operator Thank…
primeimages Most of the world’s markets are still posting sizable gains year to date, but the recent selling has claimed another victim for the loss column. As of Friday’s close, three of the 14 slices of the major asset classes are now underwater this year, based on ETF proxies through Friday, Aug. 11. Two weeks…
LD U.S. consumer prices ticked higher in July, but by less than analysts expected. MoneyTalk’s Greg Bonnell discusses what it means for interest rates with Chris Whelan, Senior Canada Rates Strategist with TD Securities. Greg Bonnell: While US consumer prices did tick a little higher in July, the increase was less than Wall Street was…
Lightning eMotors, Inc. (NYSE:ZEV) Q2 2023 Earnings Conference Call August 14, 2023 4:30 AM ET Company Participants Brian Smith – VP, IR Timothy Reeser – Co-Founder, President, CEO & Director Kash Sethi – Chief Revenue Officer David Agatston – SVP & CFO Conference Call Participants Colin Rusch – Oppenheimer Sherif El-Sabbahy – Bank of America…