raisbeckfoto This will be a shorter earnings preview since the stock is a very small position within client accounts, but Cisco (NASDAQ:CSCO) is scheduled to report their fiscal Q3 ’24 financial results after the market closes on Wednesday, May 15th, 2024, after the closing bell. Consensus is now expecting Cisco to report $0.82 in earnings…
Jacek_Sopotnicki Investment Thesis After falling 65% since April 2022, Warner Bros. Discovery’s (NASDAQ:WBD) valuation is at an all-time low. A forward FCF yield of ~25% and the huge potential of its streaming service Max provide us with a compelling entry point. Short introduction In April 2022 Discovery merged with WarnerMedia to create a new media…
Chris Gordon /iStock via Getty Images Introduction About seven months ago, I argued Fortescue (OTCQX:FSUMF) (OTCQX:FSUGY) was a good call option on the iron ore price, and I have not been disappointed with its performance. The stock is currently still up about 25% from the September 2023 share price, while the received dividend of A$1.08…
Michael M. Santiago Thesis In my previous article (released in Q3 2023, which were released on October 13) that covered JPMorgan Chase & Co. (NYSE:JPM), I assigned a strong buy rating citing that its estimated fair price was around $314.74, an 85% upside from the stock price at the time of $170.1. The stock price…
Kokkai Ng/iStock Unreleased via Getty Images Introduction Over two years ago, when I heard about Grab Holdings Limited (NASDAQ:GRAB) going public at a $40B valuation, my initial reaction was that the company was probably overpriced. Looking back, I was right about this. Without even doing any research, I also made the uneducated conclusion that the…
Justin Sullivan Thesis In my previous article about Apple, Inc. (NASDAQ:AAPL), I assessed Apple and elucidated why we should disregard the move by Chinese authorities to ban Apple devices for employees of state-owned enterprises. At that time, the fair value stood at $224 with a projected future price of $308.9. In this article, I will…
JHVEPhoto Investment Thesis – Q4 FY23 Update Intel is a semiconductor firm that faces multiple headwinds moving into 2024. Decreased demand for their x86-based chips has hurt Intel’s revenues and profitability significantly while a soft computing landscape has further hurt the firm’s bottom- and top-line. While their IFS business has the potential to generate massive…
RazoomGames JBS S.A. (OTCQX:JBSAY) is the largest meatpacking company in the world. The company is the number one global processor and seller of beef and poultry and number two in pork. The company has also expanded downstream to value-added products like prepared foods, sausages, etc. In my opinion, JBS shows a history of great capital…
Spencer Platt Chinese social media stock Weibo (NASDAQ:WB) has underperformed even its PRC peers this week on the back of a Bank of America Securities downgrade, dipping below $9 per share, which represents not only the 52-week low, but a low for the entire trading history of the stock. With a strong record of profitability,…
The move into cryptocurrency is not the company’s first foray into the digital assets ecosystem. Last year, Mercari launched different crypto-related offerings for customers. Japanese e-commerce giant Mercari is set to become the first corporate institution to accept Bitcoin (BTC) for payments of goods and services in 2024, starting in June. According to local news…
As soon as January, a Bitcoin spot ETF could be live in the U.S. – but while that much appears likely, it remains to be seen which specific investment vehicles will be approved. Indeed, in advance of the January 10 deadline, anticipation is high, with over 12 applicants ranging from disruptive Bitcoin companies to some…
Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one of the largest apparel markets…
If all goes to plan, Aliko Dangote, Nigeria’s most successful businessman and the richest person in Africa, is about to bring online a $20bn oil refinery outside Lagos that could transform the continent’s biggest economy. Starting operations at the vast facility would mark the culmination of a career in which Dangote, whose personal wealth is…
Teka77 Dear readers/followers, In about a week, it’s time for the company E.ON (OTCPK:EONGY) to deliver its third quarter results. If you recall my last time on the business, I was at a “HOLD” back in June of 2023. This was one of my first rating changes on E.ON that I’ve done, ever since being…
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As a result of the $7.1 billion transaction, Roche will get the rights to develop and distribute RVT-3101 in the US and Japan. The deal is expected to be completed at the end of this year or in the first quarter of 2024. Swiss healthcare giant F. Hoffmann-La Roche AG, commonly known as Roche Holding AG (SWX: RO),…
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
Bitmain’s investment represents not only a significant financial commitment but also a strategic move to fortify its partnership with Core Scientific. Bitmain, a leading manufacturer of crypto mining rigs, has announced a substantial investment of $53.9 million in Core Scientific, a major North American blockchain data center provider and digital asset miner since 2017. Core…
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…
Nick van Bree/iStock via Getty Images “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.” -James Carville If you don’t eat all…
Amid muted global macroeconomic growth and mounting pressure from higher interest rates, Maersk revised its profit forecast for the whole year. AP Moeller Maersk, a significant player in the container shipping industry, is bracing for a challenging year ahead as global economic growth remains subdued and container rates continue to face headwinds. The company reported…
fizkes/iStock via Getty Images Introduction Interpublic Group (NYSE:IPG), one of the leading global advertising and marketing services companies, got slaughtered after its latest earnings report. The company is currently trading 23% lower than it was before earnings. Unfortunately, the earnings results were disappointing. Nonetheless, we believe Interpublic Group is a buy at the current valuation,…
The prospective Phoenix Technology IPO is expected sometime this year in Abu Dhabi. However, there are no further details on size and price. Crypto mining equipment retailer Phoenix Technology is considering an initial public offering (IPO) according to reports. On Friday, Bloomberg reported that the company is already in preliminary discussions, citing people familiar with the matter….
The move is expected to boost the usage of non-fungible tokens (NFTs) within the gaming industry. Animoca Brands, a gaming and metaverse heavyweight has bet big on the crypto super app hi by investing $30 million into the project. According to the firm, the move is expected to boost the usage of non-fungible tokens (NFTs)…