Robert Way/iStock Editorial via Getty Images Tesla, Inc. (NASDAQ:TSLA) has made drastic staff cuts over the past month, maybe as high as 20% of the workforce. In the Q1 earnings call, Elon Musk stated that the plan to develop a $25,000 car, sometimes referred to as the Model 2 and code-named “Redwood,” on an entirely…
Remitski/iStock via Getty Images The following segment was excerpted from this fund letter. Lifecore Biomedical (NASDAQ:LFCR) Lifecore, discussed above, is our fill-finish CDMO that also has a dominant position in pharmaceutical grade hyaluronic acid production. The company is presently bringing on additional capacity that was planned for ~4 years ago. You likely recall that over…
Kobus Louw About 16 months, since I suggested people avoid John Wiley & Sons (NYSE:WLYB) in an article with the monumentally creative title “Avoid John Wiley & Sons Inc.” Since then, the shares are down a total of about 6.8% against a gain of 34% for the S&P 500. The fact that I sidestepped this…
Anton Petrus/Moment via Getty Images Xie Yijing will take over as the troubled investment bank’s head, as missing former chairman and CEO Bao Fan steps down ‘for health reasons and to spend more time with his family’ After nearly a year of uncertainty, local investment bank China Renaissance Holdings Ltd. (OTCPK:CSCHF, 1911.HK) finally seems set…
MicroStockHub/iStock via Getty Images Introduction It’s time to do two things: Talk about cardboard and what it tells us about the economy. Discuss how attractive the 5%-yielding International Paper Company (NYSE:IP) shares are for dividend investors. On May 22, I wrote my most recent article on International Paper, titled “How Attractive Is International Paper’s 6%…
Seth Love DraftKings Inc. (NASDAQ:DKNG) has bullish prospects for 2024, but investors need to consider entry of two deep-pocketed new competitors: ESPNBet and Fanatics. DKNG will turn profitable next year propelled by double-digit sales growth and continued narrowing of promotional spend–unless newbies swamp the sector with crazy free bet promotions. The FanDuel parent Flutter Entertainment…
Altayb Introduction It’s time to discuss a company I’ve never discussed before. That company is Prudential Financial, Inc. (NYSE:PRU). The company is a global financial services leader and a prominent active global investment manager, managing a substantial $1.4 trillion in assets as of December 31, 2022. Prudential Financial Its expansive operations extend across the United…
sommart/iStock via Getty Images Introduction Markets are celebrating. The CNN Business Fear & Greed Index is getting close to “extreme greed” again after markets started to price in a much more dovish Fed in 2024. CNN Business Both the Fed and the European Central Bank are expected to cut rates by 150 basis points next…
As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelity’s director of global macro, believes the crypto asset could surge to over $1 billion in 2038. Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on…
Alessandro Biascioli Elevator Pitch I still award a Hold rating to PLDT Inc. (NYSE:PHI) [TEL:PM] stock. Previously, my September 10, 2023 article touched on PLDT’s full-year financial outlook. I turn my attention to PHI’s data center and mobile businesses in the current article. The competitive threat posed by new entrant Dito Telecommunity in the wireless…
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol. The XRP community is excited at the increased growth prospects of the XRP blockchain since the RIpple-Metaco deal was sealed. Recall that Ripple announced a $250 million acquisition of Swiss crypto custody platform Metaco to…
Chalabala In a previous report, I discussed the prospects of Woodward (NASDAQ:WWD) and concluded that given the current price of the stock and the forward projections for earnings, there is little reason to assign a buy rating. The stock, however, did see its stock appreciate by 3% compared to 1.8% for the broader markets. In…
Zerbor This article series aims at evaluating ETFs (exchange-traded funds) regarding the relative past performance of their strategies and metrics of their current portfolios. Reviews with updated data are posted when necessary. FTQI strategy and portfolio First Trust Nasdaq BuyWrite Income ETF (NASDAQ:FTQI) is an actively managed fund launched on 1/6/2014. It currently holds a…
According to MIDAO CEO Adam Miller, the amended law is the “most comprehensive law for DAOs globally”, and it has the potential to become a “blueprint for the rest of the world for regulating DAOs”. The Marshall Islands has been a popular territory for DAO establishment since 2022 when the government passed the law titled ‘Decentralized Autonomous…
The US SEC is therefore expected to review Grayscale’s application to convert its GBTC to a spot Bitcoin ETF without prejudice. As the Bitcoin (BTC) price crossed a crucial resistance zone between $31k and 32k in the past 24 hours, the United States Securities and Exchange Commission (SEC) began its preparations to review for the…
PepeLaguarda/iStock via Getty Images At a Glance Building on my previous analysis of Dynavax Technologies (NASDAQ:DVAX), the landscape has shifted subtly. HEPLISAV-B sales continue to be a bright spot, but new elements like insider selling activities have entered the equation. Financially, the picture remains complex: revenues have declined year-over-year, yet the rise in HEPLISAV-B sales,…
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images In the realm of real estate, a few names resonate as strongly as RE/MAX Holdings Inc. (RMAX) As a franchisor of real estate brokerage services, RE/MAX has not only carved its name in the industry but has also embraced the ever-evolving landscape with an unwavering spirit of…
DianeBentleyRaymond Introduction Over the past few months, I’ve noticed that there are two areas of real estate that people really dislike (to put it mildly). These areas are deep-blue cities like San Francisco and New York and office real estate. Boston Properties (NYSE:BXP) combines both of these things! In this article, I’ll dive into this…
Bitcoin light clients are now able to sync to the tip of the blockchain nearly instantly, thanks to a new development enabled by bitcoin startup ZeroSync and their work in zero-knowledge (ZK) proofs. Ultimately, ZeroSync seeks to enable full nodes to do the same. ZK proofs allow a prover to generate a short mathematical statement…
ISerg/iStock via Getty Images Introduction It’s time to discover a stock I have never covered before. Organon & Co. (NYSE:OGN) is a woman’s health-focused healthcare spin-off that isn’t doing so well – at least when looking at its stock price. FINVIZ OGN shares are down 30% year-to-date and more than 40% below their 52-week highs….