JHVEPhoto Jefferies Financial Group (NYSE:JEF) is a bank focused on investment banking and capital markets, which does not have any particular competitive advantage in the industry. This makes its business very exposed to market cycles, leading to volatile financial figures. Not surprisingly, its valuation is usually at a discount to peers and currently its shares…
Block, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin mining chip and is now in the final stages of producing the design with a leading global semiconductor foundry. This achievement marks a…
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…
tadamichi One of my favorite funds to “set and forget”, the RPAR Risk Parity ETF (NYSEARCA:RPAR) has yet to give its scarred investors much of a break. Following a historically terrible 2022 for multi-asset strategies, driven by a back-breaking spike in interest rates, last year was barely better than flat for the risk-parity fund. In…
shisheng ling/E+ via Getty Images Elevator Pitch I rate Full Truck Alliance Co. Ltd. (NYSE:YMM) stock as a Hold. Previously, I wrote about YMM’s near term financial prospects and its long term financial targets in my June 20, 2023 initiation article. My attention turns to Full Truck Alliance’s latest quarterly results in the current update….
Serjio74/iStock via Getty Images Three Small News Items First, we should begin with three small news items on NewtekOne before we dive into the analysis. All of these pieces are small positive pieces worth noting in any update on NewtekOne (NASDAQ:NEWT). Partnership With 1-800Accountant NewtekOne partnered with 1-800Accountant on Nov 29, 2023 to offer accounting…
Full House Resorts, Inc. (NASDAQ:FLL) Q4 2023 Earnings Conference Call March 5, 2024 4:30 PM ET Company Participants Lewis Fanger – Chief Financial Officer Dan Lee – Chief Executive Officer Jeff Babinski – Director of Table Games & Sportsbook at American Place Casino Conference Call Participants Jordan Bender – Citizens JMP Ryan Sigdahl – Craig…
monsitj Market Commentary High yield bonds and leveraged loans produced gains in the fourth quarter, with high yield bonds outperforming their floating rate peers. During the quarter, benign inflation and dovish Fed rhetoric helped drive interest rates meaningfully lower, which benefited high yield bonds in particular. In addition, credit spreads tightened in both asset classes…
Rio Tinto Group (NYSE:RIO) 2023Full Year Results Earnings Conference Call February 21, 2024 3:00 AM ET Company Participants Menno Sanderse – Investor Relations Jakob Stausholm – Chief Executive Officer Peter Cunningham – Chief Financial Officer Conference Call Participants Richard Hatch – Berenberg Paul Young – Goldman Sachs Kaan Peker – RBC Jason Fairclough – Bank…
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…
Michael M. Santiago Walgreens (NASDAQ:WBA) formerly the premier retail drug store operator from the last 20 years of the 20th century (i.e. 1980s and 1990s) reports their fiscal Q1 ’24 financial results before the opening bell on Thursday, January 4th, 2024. Analyst consensus is expecting $0.63-0.64 per share in EPS, while revenue and operating income…
akinbostanci/iStock via Getty Images My thesis MP Material’s (NYSE:MP) stock performance has been a real disappointment since 2022 when rare earth NdPr price started a rolling correction. Weaker economic growth, especially in China, has weighed on core industrial and consumer markets using this metal oxide. This report aims to discuss the fundamental forces behind the…
British American Tobacco p.l.c. (NYSE:BTI) 2023 Full Year Pre-Close Trading Update December 6, 2023 3:30 AM ET Company Participants Tadeu Marroco – CEO Javed Iqbal – Interim CFO Victoria Buxton – Head of IR Conference Call Participants Jacob de Klerk – Redburn Atlantic Owen Bennett – Jefferies Rey Wium – SBG Securities James Edward Jones…
Leon Neal By Breakingviews Sam Altman lost his job as OpenAI boss last month in the boardroom coup heard around the world. Four frenzied days later, with support from backer Microsoft (MSFT) and its Chief Executive Satya Nadella, he landed back in the top seat at the artificial intelligence startup. The incident unveiled profound tensions…
Both parties failed to reach an agreement on the safe return of the stolen assets despite Kyber offering the hacker 10% of the funds, which amounted to $4.3 million. The hacker behind the $46 million exploit on KyberSwap, a decentralized exchange that allows users to send and receive different cryptocurrencies, issued an ultimatum for the…
onurdongel Shares of Gulfport Energy (NYSE:GPOR) have been a tremendous performer over the past year, rising by more than 50%. Its strong hedge book and high-quality asset base have helped to keep the company relatively immune from the decline in natural gas prices over the past year. However with shares having now rallied so much,…
simonmayer Over the past few months, I have been one of the few Seeking Alpha analysts who have maintained a bearish outlook on Petrobras (NYSE:PBR) (NYSE:PBR.A) due to various sources of political risks. However, this pessimism has not been validated on the stock as Petrobras continues to perform exceptionally well, even after experiencing a significant…
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On…
eyecrave productions/E+ via Getty Images Investment Thesis In continuation with our coverage of Primo Water (NYSE:PRMW), we rated PRMW as Buy, driven by its transformational journey over the past few years, robust and improved operational profile, and relative undervaluation. The stock has outperformed significantly, clocking over 19% gains in the last 2 months compared to…
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…
Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. American pharmaceutical company Eli Lilly and Co (NYSE: LLY) has reported an impressive surge in profits during the second quarter of 2023, leading to a significant increase in its full-year outlook. The company’s quarterly financial report, released earlier today,…
The initiative will be funded through the Inflation Reduction Act, which approved $80 billion over ten years for the IRS. The Internal Revenue Service (IRS) has announced that it will allow taxpayers to submit all their tax documents electronically for the 2024 tax season. Consequently, taxpayers will no longer need to mail or fax their…