JHVEPhoto The Information Technology sector continues to trade with a premium valuation. According to FactSet, the IT space sports a 26.5x forward operating earnings multiple – better than six turns more expensive than the S&P 500. The P/E is also above the sector’s 5- and 10-year averages. Of course, the premium is at least partly…
KathyDewar Elevator Pitch My Buy rating for Hitachi, Ltd. (OTCPK:HTHIY) [6501:JP] shares stays unchanged. I wrote about Hitachi’s latest M&A transactions and its carbon neutrality business in my December 27, 2023 write-up. My view is that Hitachi’s upcoming quarterly results release won’t throw up any negative surprises. In the intermediate to long term, the company’s…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. The marquee event in the week ahead will be…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations. Stocks to Watch subscribers can also tune in on…
Ben Hider International Business Machines (NYSE:IBM) has gained around 15% since December 15, 2022, the date when my bullish thesis compared its incremental growth strategy with Microsoft (NASDAQ:MSFT) while also highlighting the strength of the consulting business. In the meantime, as charted below, the software giant’s stock has delivered three times more gains thanks to…
The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that…
Justin Sullivan Elevator Pitch I assign a Hold investment rating to Nissan Motor Co., Ltd. (OTCPK:NSANY) [7201:JP]. Nissan Motor’s FY 2023 guidance is favorable, but it is a concern that the company is losing market share in the Chinese market. A key catalyst for Nissan Motor is the targeted increase in payout ratio to 30%,…
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed…
AzmanL If generating strong returns from investing was as easy as buying cheap stocks, everybody could be like Warren Buffett. There are many cases where just buying a firm on the cheap does pay out well. But sometimes, changing conditions can alter a firm and the opportunities that it offers. One really good example of…
Anticipated interest rate cuts by central banks in the coming months could attract capital to various markets, potentially leading to increased volatility in speculative sectors like cryptocurrencies, according to some market observers. With the Federal Reserve pausing its rate hiking cycle and other central banks globally following suit, there is speculation that we may have…
Tether’s strong financial muscle and deep pockets will help it position strongly among other competitors in the Bitcoin mining space. In a major revelation, Tether chief executive Paolo Ardoino announced that the company is eyeing a move in the Bitcoin mining market. As per reports, the $87 billion stablecoin operator has already made hefty investments in…
Zolga_F/iStock via Getty Images Investment Thesis Company Overview 1-800-FLOWERS (NASDAQ:FLWS), founded in 1976 and headquarters in Jericho, New York, is an online gifting platform that centers around flowers and floral products. The company has three segments: Gourmet Foods & Gift Baskets, Consumer Floral & Gifts, and BloomNet, which helps the floral wholesale merchandise to grow…
imaginima The times they are changing. The largest banks are moving out and will continue to do so over the next 5- to 10-year period. Why? The ability to scale the size of banks. The financial system is going “digital” and digital depends upon networks and networks are the essence of the ability of the…
Scott Olson Listen below or on the go on Apple Podcasts and Spotify China may end Boeing (BA) freeze with 737 MAX deal – Bloomberg. (00:23) OpenAI pursues more Microsoft (MSFT) money to build ‘magic intelligence in the sky’. (01:25) Ajinomoto (OTCPK:AJINF) to acquire Forge Biologics for $620 million in all-cash deal. (03:00) This is…
ETH may now be useful for those looking to hold on to the crypto asset as a store of value. Things are looking bright for Ether (ETH) at the moment following a resurgence in Ethereum network activity this week. According to the research head of Matrixport Markus Thielen, the weekly revenue recently recorded on the…
Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead. The world’s largest cryptocurrency Bitcoin (BTC) has been consolidating around $34,400 levels recently with the Bank of Japan (BoJ) recently deciding to soften its grip on the “yield curve control” program. On Tuesday, the central bank maintained the…
While the path forward for FTX remains uncertain, the exchange appears to be taking steps to recover from recent turbulent times. The once-dominant cryptocurrency exchange FTX is endeavoring to set a new course following its bankruptcy last year, which was marred by allegations of fraud and mismanagement. Recent court proceedings have shed light on FTX’s…
Birkenstock confidently moves ahead with its IPO plans despite mixed performances of other listings in September. Goldman Sachs, JPMorgan, and Morgan Stanley shall be the underwriters for the IPO. Birkenstock, the renowned German premium footwear brand supported by private-equity firm L Catterton, has announced its intention to pursue a highly anticipated initial public offering (IPO)…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on…
The potential deal might put the company’s value anywhere from $5 billion to $6 billion, Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations. Stocks to Watch subscribers can also tune in on…
Although hundreds of billions away, Microsoft’s valuation is gradually closing in on that of Apple, racing to become the world’s largest. Microsoft Corporation (NASDAQ: MSFT) is making progress with its valuation and seems ready to give Apple Inc (NASDAQ: AAPL) a run for its money. The company’s valuation is now moving closer to Apple’s as it races to…
ArLawKa AungTun Elevator Pitch I award a Hold investment rating to FinVolution Group (NYSE:FINV) stock. There are both pros and cons relating to FINV’s current growth strategy and capital allocation framework. FinVolution Group’s expansion in foreign markets will boost its top line, but this will have a negative impact on its bottom line in the…
A large chunk of OKX’s $25-$50 million annual advertising budget goes towards its sports deals. Crypto exchange OKX wants its deals with Formula 1 team McLaren and UEFA Champions League-winning team Manchester City to last a decade. The company reportedly spends $25-$50 million per year in its sponsorship deals with the two sports teams. OKX’s…
Armstrong pointed out protocols like Truflation, Ampleforth/Spot, and Nuon that are building crucial infrastructure for the development of flatcoins in the near future. The growth of the cryptocurrency market has significantly been spearheaded by top crypto firms like exchanges, and DeFi protocols. Coinbase Global Inc (NASDAQ: COIN) has played a major role in pushing the…
Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on…
Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter stated that Alibaba Cloud…
OpenAI revealed that since the launch of ChatGPT nine months ago, it has been adopted by more than 80% of Fortune 500 companies. OpenAI is poised to generate over $1 billion in revenue over the next 12 months, a projection that is reportedly well out of the scope of what was previously shared with shareholders….
The move to go public comes amid growing interest in artificial intelligence chips, reflected in the increased market mood towards technologies linked to generative AI. British chip designer Arm Ltd, a subsidiary of the SoftBank Group Corp, is preparing to conduct an initial public offering (IPO) in the coming months. According to a Bloomberg report…