Movano Inc. (NASDAQ:MOVE) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants John Mastrototaro – Chief Executive OfficerMichael Soule – Vice President of Business DevelopmentJeremy Cogan – Chief Financial OfficerStacy Salvi – Vice President of Products and StrategyTyla Bucher – Chief Marketing OfficerMichael Leabman – Founder and CTO Conference Call Participants…
SHansche The UP World LNG Shipping Index (UPI) lost 1.92 points or 1.24% last week, reaching a closing value of 152.38 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.55%. The image below displays both indices. Week 19-2024: Chart…
DNY59 We previously covered Alibaba Group Holding Limited (NYSE:BABA) in November 2023, discussing its excellent CQ3’23 performance in the Cloud and e-commerce segments, since we believed these two segments might be the company’s long-term growth drivers. We had also added a small position then, with us believing that the summit between Biden and Xi was…
Daniel Grizelj The WD-40 Company (NASDAQ:WDFC) stock is a long-term name we have continued to hold, one of our longest-held positions. In our last update, we continued to suggest holding shares are pricey based on valuations metrics. However, the stock has been consistently “overvalued” on many of these metrics. The stock, despite all the movement…
Eoneren By Levi at Elliott Wave Trader; Produced with Avi Gilburt. Back in November of last year, we highlighted a bullish setup for Infosys Limited (NYSE:INFY) to the readership. Using the NYSE-listed symbol INFY, the price was at $17.51 at the time of publication. The stock advanced up to $20.74 before beginning the current pullback….
magnetcreative/E+ via Getty Images Eli Lilly (LLY) has been a phenomenal stock to own over the past couple of years. In early 2022, it was trading for about $230 per share, but today it trades for nearly $800. This huge run is largely due to the success of its obesity drug, “Zepbound”. Eli Lilly shares…
Edwin Tan /E+ via Getty Images Intro In our most recent commentary in Lincoln Educational Services Corporation (NASDAQ:LINC) (June of 2023), we reverted to a ‘Hold‘ rating after multiple ‘Buy‘ ratings in the stock in 2022. We do believe in the rebalancing approach in that when the underlying trends & associated fundamentals are not temporarily…
Maksim Safaniuk For those who are bullish about oil, 2024 is looking to be a very solid year. Already, Brent crude prices are up 12.1% year to date, while WTI crude prices are up an impressive 15.6%. The most recent move higher was driven by news that, in addition to OPEC+ extending its voluntary production…
yalcinsonat1 With the U.S. economy showing signs of resiliency, investors are having to digest growing uncertainty about the Fed’s policy path. Anna Castro, Managing Director and Head of Retail Asset Allocation at TD Asset Management, says what’s important isn’t the timing of a rate cut, but that you remain invested. Transcript Kim Parlee – Well,…
CHUYN/iStock via Getty Images By Michael Foster When looking at your cash, think in terms of liquidity buckets, with varying risk profiles. As noted in our recently released “Make Your Money Move” campaign, money markets balances are at a record high, reaching $6.06 trillion as of February 28, 2024, as measured by the ICI Money…
Serjio74 Above: Macau growth is speeding ahead of many early recovery calls. We accept what may be some investors’ characterization of our bullish outlook on Las Vegas Sands Corp. (NYSE:LVS) this past year as that of a faded broken record. Give the apparent resistance to the stock moving anywhere near my price target (“PT”) of…
DNY59 The BlackRock Core Bond Trust (NYSE:BHK) is a closed-end fund that income-focused investors can employ as a method of achieving their goals while keeping their risks at a minimum. This is because, this is one of the few closed-end bond funds that invests primarily in investment-grade assets. The majority of closed-end debt funds invest…
igorr1 Synopsis MGP Ingredients (NASDAQ:MGPI) is a leading supplier of branded spirits, high-quality distilled spirits, and food ingredients. It is one of the largest distillers in the US, and its branded spirits segment covers an extensive range of brands, including iconic names from its 2021 acquisition of Luxco. MGPI’s past financial results have demonstrated strong…
Matteo Colombo/DigitalVision via Getty Images Centuries of investment wisdom, combined with my own personal experiences, have led me to realize that some of the greatest investment opportunities occur during periods of tremendous uncertainty. When it seems as though the world is falling apart, that is when stocks are discounted the most. It was the banking…
MR.Cole_Photographer/Moment via Getty Images The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway’s central bank. Although the market anticipates the beginning of an…
The promotional approach seems effective in driving sales for Trump’s latest NFT collection, limiting “one of one” ordinals to a maximum of 200 in this exclusive offer. In a recent digital collectible endeavor, Donald Trump has introduced an unconventional non-fungible token (NFT) on the Bitcoin blockchain, priced at $9,900. Distinct from typical NFTs, this latest…
Stefonlinton/iStock Editorial via Getty Images Fastenal (NASDAQ:FAST) is set to announce its earnings on 1/18/2024 before the market opens. The consensus among analysts predicts an EPS of $0.52. In this article, I will get into analysts’ expectations, my own EPS forecast, and explore potential strategies to capitalize on this earnings announcement. Typically, Fastenal, like many…
JHVEPhoto/iStock Editorial via Getty Images Beyond any doubt, one of the most iconic consumer brands in the world today has got to be Energizer Holdings (NYSE:ENR). Although the firm is not that large, with a market capitalization of only $2.29 billion, it is well known as a giant in the battery production space, particularly when…
JulPo Nuvei Corporation (NASDAQ:NVEI) may have significantly overpaid for Paya Holdings in February 2023, which is reflected in the suppressed share price at the moment, although the acquisition of Paya fits very nicely in Nuvei’s long-term strategic plan. The benefits from the acquisition of Paya may take longer to realize for Nuvei. Introduction: Nuvei is…
Lisk decided to leverage the Ethereum network after finding out that more 90% of user transaction fees on L1 platforms were Ethereum-based. Lisk (LISK), the open-source blockchain network and platform for decentralized applications (dApp), has announced it has decided to join the Ethereum ecosystem as a layer 2 (L2) platform. According to an official blog post, Lisk is…
hapabapa Micron Technology, Inc. (NASDAQ:MU) stock has put up an impressive rally, surging by 70% after bottoming in late 2022. Micron had a challenging phase due to the economic slowdown and other macroeconomic factors. Its revenues crashed by 50% during the brutal tech-market earnings-recession phase, a dynamic further exacerbated by China chip bans and other…
Brandon Bell/Getty Images News December 11 ended up being a very interesting day for shareholders of energy giant Occidental Petroleum (NYSE:OXY). Shares of the company closed up about 1% after news broke that the company entered into an agreement to acquire privately owned CrownRock in a deal valued at $12 billion. According to management, this…
The gains have come while traders await the conclusion of the final Fed meeting of 2023. Investors are looking forward to the newest policy decision by the Fed. Meanwhile, US stock futures climbed slightly higher on Tuesday, December 12. Dow Jones Industrial Average futures closed up by 42 points, or 0.11%. And the gains of…
LifeJourneys/E+ via Getty Images Gold is an underrated asset. Gold also hit a new all-time high (“ATH”), recently surging to around $2,150. While the market may believe that current gold prices are unsustainable, the fundamental backdrop is highly favorable, and the yellow metal could go much higher. In addition to constructive fundamental factors, the technical…
Oleksii Liskonih/iStock via Getty Images The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases due to the admission that Germany was in a “technical recession.” The surface reason for this division is that the vast majority of German earnings are not driven…
Rumors suggest that BlackRock plans to give itself a head start by moving funds from its private Bitcoin trust to its ETF. Giant asset manager BlackRock Inc (NYSE: BLK) may have set plans in motion that will put the company well ahead of its competition if the United States Securities and Exchange Commission (SEC) approves…
Richard Teng announced that Binance will remain user-focused, will work closely with regulators, and collaborate with its partners to ensure seamless adoption of crypto assets and blockchain technology. After more than 18 months, Bitcoin (BTC) price has risen above $41,000 following heightened demand by institutional investors and more crypto regulatory clarity in different jurisdictions including…
These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth 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…
Lock Stock I found that Block, Inc. (NYSE:SQ) has a good technical set-up for the stock which is supported by a positive earnings report, higher guidance, an attractive valuation, and strong expected long-term growth. The positive Q3 2023 results are a likely catalyst for the stock to run higher at least until the next earnings…
Michael M. Santiago/Getty Images News In an ideal world, stocks that we buy would only ever go up in value. But that’s not how the world works. Unfortunately, shares of companies can outperform the broader market for an extended period of time, only to then pull back significantly and erase some or all of those…
Mario Tama Chevron’s Acquisition Of Hess Corporation In a massive move by Chevron Corporation (NYSE:CVX), the company announced the acquisition of Hess Corporation (NYSE:HES). Hess is a leading independent oil and gas producer, as Chevron looks to bolster its resource depth and quality in Guyana. Accordingly, the deal is worth $53B, about 5.8% above the…
AI is being used in hiring in the areas of creating job descriptions, sourcing talents, creating and scoring assessments, screening new applicants, and training new employees. Artificial Intelligence (AI) has been gradually disrupting many industries, including the hiring/recruitment space. However, experts have shared that hiring companies may not be able to fully integrate AI with…
fatido By Min Joo Kang Nominal labour cash earnings grew slower than expected in August We had expected to see some acceleration in earnings given the reasonably strong wage negotiation results from the last quarter, but disappointingly, headline growth rose 1.1% year-on-year in August (versus the revised 1.1% in July and the 1.5% market consensus)….
amgun/iStock via Getty Images DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in…
Ethan Miller/Getty Images Entertainment Above: CEO Zaslav, an innovator and a fearless cost cutter might just be what WBD has that all entries in the sector need. On metrics alone, all streamers look alike for better or worse: Too much debt, no solutions that appear to show the pathway ahead to profits. WBD looks to…
onurdongel/E+ via Getty Images Investment Thesis Global Business Travel Group (NYSE:GBTG) has underperformed in 2023 and stock prices are down by about 3%. However, I believe a stock has the potential for upside based on revenue growth driven by transaction growth from broad-based customers across the industry, strong improvement in operational efficiency reflected from margin…
Movano Inc. (NASDAQ:MOVE) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Jeremy Cogan – CFO & Secretary John Mastrototaro – CEO, President & Director Michael Aaron Leabman – Founder, CTO & Director Tyla Bucher – Chief Marketing Officer Conference Call Participants Marie Thibault – B. Riley Operator Greetings and welcome…
Justin Sullivan SoFi Technologies (NASDAQ:SOFI) will report fiscal second-quarter earnings before the market opening bell on Monday. Going by SOFI stock reaction to quarterly earnings in the last few quarters, it is reasonable to expect a major move on July 31. In my opinion, the magnitude of the move will largely be determined by the…