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…
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. The amount of debt Italy sold directly to its citizens dropped sharply this week in a sign that the government may not be able to rely so heavily on households to meet its borrowing needs…
Company Name: DEMAND Founders: Alejandro De La Torre and Filippo Merli Date Founded: 2023 Location of Headquarters: Lisbon, Portugal and Florence, Italy Amount of Bitcoin in Treasury: “Currently being bootstrapped” Number of Employees: 2 Website: https://www.dmnd.work/ Public or Private? Private Alejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he’s…
SHansche Note: I previously covered FLEX LNG (NYSE:FLNG) in February. I extensively discussed the LNG market and LNG carrier propulsion systems (steamers vs. MEGA/MEGI and X-DF). I reviewed FLNG fleet specifications (age and propulsion), discussed the company’s financials, and estimated its value. FLNG has a top-notch fleet of ships fitted with last-generation engines, while keeping…
JHVEPhoto Summary Moncler (OTCPK:MONRF) is a luxury brand retailer that serves a global customer base. The products they offer include multiple categories, such as outerwear, shoes, accessories, etc., for both women and men. Currently, MONC has two key brands: Stone Island and Moncler. The financial contribution between the two differs mainly in the split between…
olrat/iStock via Getty Images MYR Group Inc. (NASDAQ:MYRG) is a holding company of leading specialty contractors that service the electric utility infrastructure, commercial and industrial construction markets in the U.S. and Canada. The company has two business segments, a Transmission & Distribution segment (“T&D”) and a Commercial & Industrial segment (“C&I”). In 2023, MYR Group’s…
nattrass The solar sector has faced a brutal year as demand surged in 2022 following the Russian invasion of Ukraine and the globe fell under heightened energy concerns, especially in Europe. SolarEdge Technologies (NASDAQ:SEDG) has now faced an extended period of weak sales and even lower product shipments due to excess channel inventory. My investment…
The demand for US spot Bitcoin ETFs surged significantly on Tuesday, outpacing the new supply created daily by miners by a remarkable 614%, according to Gayatri Choudry, Quantitative Research Analyst at Bitwise Asset Management. Demand from US BTC ETFs exceeds new BTC supply by 7x pic.twitter.com/OCU5D19rpf — Gayatri (@GayatriPC_) March 27, 2024 The surge in demand for…
Evgenii Emelianov/iStock via Getty Images Investment Thesis Ambarella, Inc. (NASDAQ:AMBA) reported its fourth quarter of FY2024 results and outlook for FY25 in late February, confirming what I believe will be a lackluster first half of FY2025. Ambarella is a relatively small-cap semiconductor company that develops low-power semiconductor solutions offering HD and Ultra HD compression, image…
Lemon_tm Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is the…
imaginima Industrial real estate has been red hot for the past 4 years with demand growth skyrocketing as companies clamor to earn superiority in logistics. In 2022 and 2023, the demand boom started to be matched by equally ambitious development of new warehouses. With the strong demand absorbing the new supply the sector is overall…
Michael Vi Shares of Keysight Technologies (NYSE:KEYS) have been a poor performer over the past year, trading essentially flat and missing out on a significant rally across the technology sector. The company has struggled with weak orders from wireless carriers and softness in China. Having worked down its backlog, it now faces revenue declines. Since…
Brett_Hondow Summary My previous rating was a buy (Dec 2023) as Bath & Body Works (NYSE:BBWI) continued to show very strong execution, as evident in the 3Q23 performance, which I expected to continue into CY24. I am revising my rating from buy to hold as I am worried about BBWI’s ability to meet FY24 guidance….
PixelsEffect The seasonally adjusted annual rate of sales of existing single-family houses, condos, and co-ops rose 9.5% in February from January, but that increase was smaller than the increase in February 2023 (+11.5%), and so the annual rate of sales at 4.38 million homes, was still down 3.3% from the already collapsed levels of February…
Just_Super/iStock via Getty Images Medtronic PLC (NYSE:MDT) is a global developer and manufacturer of medical devices for chronic diseases. Founded in 1949, Medtronic is now a $111 billion (by market cap) healthcare behemoth that employs 95,000 people. The company reports results across four segments: Cardiovascular, 37% of FY 2023 revenue; Neuroscience, 29%; Medical Surgical, 27%;…
JulPo Introduction Ferguson plc (NYSE:FERG) is a value-added distributor that does everything from HVAC, plumbing, and appliances to help customers replace and maintain equipment. In this article, I’ll discuss the company’s Q2 2024 results, my outlook for the company, and analyze the current valuation and risks to see if the current share price offers investors…
imaginima CHX To Tread Lightly On Mitigating Factors I have been discussing ChampionX Corporation (NASDAQ:CHX) in the past, and you can read the latest article here. Compared to my previous iteration, the company’s chemistry business in North America appears to be heading to a recovery, as reflected by higher chemical intensity, pricing, and market share…
Ekaterina Nazarova/iStock via Getty Images In the first of this three-part series about metals of the future, we explored how demand for copper, lithium, and nickel has been shaped by the transition to a low-carbon future. In this post, we move on to supply dynamics, where the response to the very pronounced demand shifts observed…
peshkov/iStock via Getty Images Appian (NASDAQ:APPN) is a leading player in the low-code space. Its low-code automation platform helps businesses to build and optimize applications swiftly. Their platform streamlines complex workflows, while its user-friendly tools cater to both professional and citizen developers. Post-IPO journey has been bumpy. Went public at $17 per share in 2017,…
kasezo/iStock via Getty Images Gold has had quite a run as of late. The second leg of a bull run in gold, a run that began in early 2019 when the metal was trading at just over $1,200 per oz, seems to have gotten underway recently when bullion prices decisively broke through the $2,000 handle….
Olivier Le Moal High gold price reflects strong demand Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest…
Clear Secure (NYSE:YOU) is a US-based biometric identity verification company focusing on streamlining airport security. The company’s core offering is CLEAR Plus, a subscription service offering expedited airport security. Beyond airports, CLEAR Verified empowers businesses with identity verification, virtual queuing, and credential validation tools, while their free consumer app offers additional conveniences like health documentation…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Last week, I put the massive buying pressure coming to bitcoin in context, but there is…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rally in US chip stocks that has seen Nvidia and AMD more than double in value over the past year is under pressure after warnings that the artificial intelligence boom is masking a broader…
wilpunt/E+ via Getty Images QuickLogic Corporation (NASDAQ:QUIK) is a company that develops embedded FPGA / eFPGA IP, discrete FPGAs, and FPGA SoCs, for a variety of industrial and defense technology applications in AI, voice, or sensor processing. As a “fabless” developer, QUIK operates similarly to large chipmakers like Nvidia (NVDA) and AMD (AMD), in that…
Kena Betancur Overview My recommendation for Best Buy Co., Inc. (NYSE:BBY) is a buy rating. My reason for the buy recommendation is because of the attractive capital return story and the demand recovery in PCs and smartphones in the latter part of this year. I need to highlight that any investment position should be small…
Oselote/iStock via Getty Images As the travel industry normalises after last year’s surge and prices remain at an all-time high, Travelzoo’s (NASDAQ:TZOO) service of sourcing exceptional deals has become increasingly attractive in the current climate, catering to both demand and supply sides. Despite not yet returning to pre-pandemic levels, the company has been steadily increasing…
RTimages/iStock via Getty Images Most commentary about fintech company SoFi (NASDAQ:SOFI) focuses on “micro” issues, most typically some measure of its revenue and customer growth. I’m adding to the conversation by focusing on SoFi’s “macro” issues, namely: Demand – What are the growth rates of the products that SoFi is competing for? Supply – What…
CUHRIG Introduction Last week was dedicated to shipping. Now it’s time to turn to the shippers, the cargo owners who charter the vessels. Iron ore is one of the commodities that come to mind when we talk about shipping, and the company synonymous with iron ore is Vale (NYSE:VALE). It is one of the largest…
onurdongel/E+ via Getty Images Synopsis Armstrong World Industries (NYSE:AWI) is a leading manufacturer of innovative commercial and residential ceiling, wall, and suspension system solutions. AWI’s historical financials have shown a robust recovery in revenue growth from the impact of COVID-19, but I do notice a slowdown in growth due to weakening housing demand. In addition,…
BlackJack3D Investment thesis Our current investment thesis is that from an internal perspective, we believe Genpact (NYSE:G) is a good business and positioned perfectly to enjoy healthy growth in the coming years. It has deep expertise that have developed over a number of decades, a global footprint with a large workforce, and a suite of…
DanielIngelhart/iStock via Getty Images Investment Thesis Mach Natural Resources (NYSE:MNR) is an oil and natural gas firm that develops, acquires, and produces oil, NGL reserves, and natural gas. It has recently reported its quarterly results and experienced resistance in its growth, mainly due to macroeconomic pressures. However, I believe the company can boost its profitability…
Olivier Le Moal Intro We wrote about TD SYNNEX Corporation (NYSE:SNX) back in June of last year when we were attracted to the company’s cheap sales and bullish forward-looking earnings revisions. A significant number of synergies were expected to come from the merger of Tech Data and Synnex (which took place in September 2021) which…
IR_Stone Applied Optoelectronics (NASDAQ:AAOI) reported improved financial performance for Q3-2023 and the company’s stock price has been on a year-long uptrend, gaining 900% over 12-months and 1000% YTD. Recent coverage on Seeking Alpha rates the stock as a hold because it is currently overvalued. The company is optimistic about its future outlook, i.e. growing profits…
blackCAT/E+ via Getty Images Orion S.A. (NYSE:OEC) recently delivered beneficial FCF expectations driven by lower capital expenditures and megatrend drivers like new EV vehicles or demand for batteries. OEC also looks like a buy as management continues to use cash flows to buy back shares and lower its debt levels. Besides, the recent increase in…
Parradee Kietsirikul/iStock via Getty Images Intro We wrote about Mayville Engineering Company, Inc. (NYSE:MEC) in September of this year when we reaffirmed our ‘Hold’ position in the stock. The company at the time was on the back of consecutive quarterly earnings misses, followed by a further bottom-line miss in Mayville’s recently reported third-quarter numbers. Although…
In addition to the expected surge in crypto-related probes, the survey uncovered a noteworthy trend in the adoption of blockchain analytics tools. According to a survey conducted by TRM Labs, 93% of law enforcement agencies worldwide are currently engaged in crypto training programs, with an overwhelming 99% expressing the urgent need to enhance their education…
Anyone with the will and the technical ability is free to run their own Ethereum validator and connect to SSV. Ethereum stakers are rapidly warming to Distributed Validator Technology, which is becoming a mainstay of the staking landscape. Following its introduction by SSV.Network, staking operators, and validators have been swift to embrace the technology for…
alvarez Investment Thesis Greif (NYSE:GEF) mainly focuses on offering industrial packaging products and services globally. The company has recently reported its quarterly and FY2023 results and experienced a downturn in its performance as a result of declining industry demand. I believe the industry dynamics can be constant for the next quarters and might affect the…
Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service. Blockchain network Elastos may have devised a strategy to take advantage of the current high demand for Bitcoin (BTC) staking on its platform. This follows after it launched BeL2, a Bitcoin layer-2 network, in a supposed effort to…
Isaac Lee/iStock Editorial via Getty Images Stock Snapshot I want to highlight a tool called key market data on Seeking Alpha, which can tell me the performance of various sectors. In today’s research article, I will focus on a stock in the energy sector, which as of late has seen a slump on a year-to-date…
THEPALMER Investment Thesis BRP Inc. (NASDAQ:DOOO) is an adventure sports vehicle manufacturer based in Valcourt, Canada. Since my last analysis, the stock price has corrected 15%. After analyzing its Q3 FY24 financial performance and its future growth prospects, I am updating my rating to Hold. In this thesis, I will be looking into the company’s…
LeoWolfert/iStock via Getty Images By Gregor Spilker At A Glance EV market growth and wider decarbonization efforts are increasing the demand for copper, aluminum, lithium, and cobalt Overall demand for lithium-ion batteries may grow by 30% YoY over the next decade Breakthroughs in battery technology, as well as economies of scale in the production of…
Jay Yuno/iStock via Getty Images Investment Thesis Ituran Location and Control (NASDAQ:ITRN) deals with providing telematic services, mainly consisting of stolen vehicle recovery (SVR) and tracking services. The company has recently reported record-break growth levels and I believe it can sustain its performance as a result of healthy demand dynamics and its continued expansions. About…
RonFullHD/iStock via Getty Images Energy demand is holding up relatively well Speculative selling within the oil market based on recession fears has been a mainstay within energy markets for nigh on two years now. And, while oil demand has softened of late and this softening did play some role in the recent rout in oil…
Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August….
Thinkhubstudio Global manufacturing business conditions worsened for a fifteenth successive month in November, according to the latest JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI™) compiled by S&P Global. The headline PMI – a composite index based on five survey variables – registered 49.3, up from 48.8 in October but remaining below the 50.0 no change…
da-kuk/E+ via Getty Images US manufacturing business conditions worsened in November, according to S&P Global’s PMI data. Output was largely stagnant as new order inflows deteriorated, meaning backlogs of orders become increasingly depleted. While there are some encouraging signs of the inventory cycle acting as a lesser drag on the goods-producing sector, the overall worsening…
Bitcoin mining company DEMAND has announced today the world’s inaugural Stratum V2 mining pool, according to a press release sent to Bitcoin Magazine. This pool, built on the open-source Stratum Reference Implementation (SRI), aims to usher in a new era for mining by introducing enhanced security, flexibility, and performance. The Stratum V2 protocol marks a significant leap forward…
Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. India is seeking to revive underground coal mining as it tries to boost production to meet the country’s fast-growing energy needs despite international pressure to phase down use of the polluting fossil fuel….