bjdlzx Marathon Oil (NYSE:MRO) is a company that has a known reputation as an operator. In the first quarter report, they burnished that reputation some more with the following announcement: Brought online 12 three-mile wells during first quarter, delivered at a total per foot well cost more than 20% below comparable two-mile lateral wells; first…
Mark Segal/DigitalVision via Getty Images HighPeak Energy (NASDAQ:HPK) appears to have made substantial progress in reducing its operating costs, with a $1.50 per BOE reduction in combined lease operating expense and workover expense in Q1 2024 compared to Q4 2023. It also indicated that it expects the lowered operating costs to continue during the rest…
John M Lund Photography Inc Rocket Lab USA (NASDAQ:RKLB) reported Q1 2024 earnings on May 6. The company also provided updates about its progress in both launch and space systems. In this article, I take a closer look at the most significant updates from Rocket Lab. My analysis suggests that Rocket Lab is making very…
Roger Utting Photography/iStock Editorial via Getty Images Mr. Market Is Now Looking Past A Tough Q1 Warner Bros. Discovery (NASDAQ:WBD) had another tough quarter in Q1 2024. Looking at the headline numbers, the company had a revenue decline of 7% compared to Q1 2023, similar to the year-on-year decline they reported last quarter. Adjusted EBITDA…
yalcinsonat1 By James Knightley | Padhraic Garvey, CFA | Chris Turner Fed keeps rates at 5.25-5.50% As universally expected, the Federal Reserve has left the Fed funds target rate range at 5.25-5.50%. The decision was unanimous and was made pretty easy, given inflation continues to run too hot for comfort, consumers are still spending strongly,…
Richard Drury Inflation Remains High, but Is Improving in More Economies Historical analysis does not guarantee future results. OECD: Organisation for Economic Co-operation and Development Major economies’ core inflation based on local Consumer Price Index As of March 27, 2024 (Source: Haver Analytics, OECD and AllianceBernstein (AB)) Inflation, one of many inputs to multi-asset decision-making,…
The best photo for all Investment overview I wrote about Enfusion (NYSE:ENFN) previously with a buy rating as I thought the business would continue to grow, with potential for acceleration given the visible catalysts available. Notably, valuation multiples should start to reflect their true worth when the business starts to generate profits. My recommendation remains…
wakila A Hold Rating for the Stock of Vizsla Silver Corp. This analysis now gives a “Hold” recommendation rating on Vizsla Silver Corp. (NYSE:VZLA) (TSXV:VZLA:CA) shares — a silver/gold explorer with operations on the Panuco property and the La Garra-Metates District in southern Sinaloa, Mexico — a change from the previous rating of “Buy”. Previous…
Progress Software Corporation (NASDAQ:PRGS) Q1 2024 Earnings Conference Call March 26, 2024 5:00 PM ET Company Participants Michael Micciche – VP, IRYogesh Gupta – CEOAnthony Folger – CFO Conference Call Participants Ray McDonough – Guggenheim SecuritiesFatima Boolani – CitigroupAntonio Venturim – JefferiesPinjalim Bora – JPMorgan Operator Good day and welcome to the Progress Software Corporation…
Ethan Miller Note: I have covered VOXX International Corporation (NASDAQ:VOXX) previously, so investors should view this as an update to my earlier articles on the company. Leading automotive and consumer electronics products manufacturer and distributor VOXX International Corporation or “VOXX International” continues to operate in a challenging business environment as once again evidenced by the…
kenneth-cheung In our last update, we emphasized how Compagnie Générale des Établissements Michelin (OTCPK:MGDDF) (OTCPK:MGDDY) was trading at a 20% discount compared to its historical average in EV on sales, EV on EBITDA, and P/E. Aside from an attractive entry price, our buy rating was backed by the company’s ability to offset raw material price…
Jacob Wackerhausen/iStock via Getty Images Credo Technology (NASDAQ:CRDO) is a company providing high-speed connectivity solutions, such as integrated circuits / ICs, Active Electrical Cables / AECs, and Serializer and Deserializaer / SerDes Chiplets. Share performance has been relatively strong since going public in 2022 at the price of $11 per share. Despite the demand shock…
amgun Life is a sort of a debtors’ prison where we are all playthings of fortune ― Smollett Tobias George Today, we put RingCentral, Inc. (NYSE:RNG) in the spotlight. The stock appears cheap by some key valuation metrics, but the shares saw some notable insider selling in February. As can be seen below, the stock…
krisanapong detraphiphat/Moment via Getty Images Elevator Pitch I leave my existing Buy rating for Newmark Group (NASDAQ:NMRK) unchanged. My prior December 16, 2023, update for NMRK referred to the stock as “an undervalued capital markets recovery play.” The recovery in Newmark’s capital markets business is still in progress, which suggests there is still upside associated…
Elena Noviello/Moment via Getty Images Investment thesis Our current investment thesis is: EPC is in a lose-lose situation in our view. The company either acts defensively, cutting costs and seeking to protect margins to stabilize its position first, or accelerates spending and looks to revitalize its brands first. Either way, we suspect the company will…
Wong Yu Liang/Moment via Getty Images By Seema Shah, Chief Global Strategist The January Consumer Price Index (CPI) showed that inflation was, once again, hotter than expected, frustrating both the market and the Federal Reserve (Fed). Both headline and core monthly inflation accelerated, while the Fed’s favored supercore inflation measure extended its recent upward trend….
Orbon Alija In September of last year, I saw a connection in the case of TE Connectivity Ltd. (NYSE:TEL), on the back of a sound position, long-term growth, and reasonable valuations. The trouble with the company is that despite its positioning, the company has not fully lived up to its promises in terms of sales…
Kanur Ismail/iStock via Getty Images When a man tells you that he got rich through hard work, ask him: ‘Whose?”― Don Marquis. Today, we put Angi Inc. (NASDAQ:ANGI) in the spotlight. The company is the clear market leader in its niche but has struggled to find a way to profitability. It also has destroyed plenty…
skaman306/Moment via Getty Images Chance fights ever on the side of the prudent” – Euripides Today, we are teeing up coverage on Butterfly Network (NYSE:BFLY) for the first time in 2024. When we last looked at this small cap concern in March of last year, we called the stock an ‘avoid‘. The company had made…
Progress Software Corporation (NASDAQ:PRGS) Q4 2023 Earnings Conference Call January 16, 2024 5:00 PM ET Company Participants Michael Micciche – Vice President, Investor Relations Yogesh Gupta – Chief Executive Officer Anthony Folger – Chief Financial Officer Conference Call Participants Pinjalim Bora – JPMorgan Ittai Kidron – Oppenheimer Fatima Boolani – Citigroup Brent Thill – Jefferies…
Slimoche Written by Ophir Gottlieb Lede We reiterate our bullish (but speculative) stance on Jumia but note bankruptcy risk. This is not an investment for everyone. The CEO, Francis Dufay, has a clear plan, but more importantly, is executing on that plan impeccably well. Our faith in Jumia is a reflection of our faith in…
RichLegg/E+ via Getty Images The best security against the future is to act in the present.” – Unknown. Today, we put ADT Inc. (NYSE:ADT) in the spotlight for the first time. The stock is trading roughly at 20% above the levels where some insiders acquired more shares in May of last year. This followed a…
Delmaine Donson/E+ via Getty Images Overview My recommendation for Olaplex Holdings, Inc. (NASDAQ:OLPX) is still a sell rating, as I remain negative on the business outlook. Not that my sell rating does not mean to short the stock; rather, it is to underweight it as I remain negative about the business outlook. It is still…
thamerpic We participated in the Zurich Insurance Group Investor Day in London two weeks ago. Also, following the company’s Q3 results (OTCQX: ZURVY), we decided to update our long-term readers. The company released its quarterly financial release, providing a concise update on the last three months’ development. In contrast, in the Investor Day presentation, the…
Dilok Klaisataporn In a bad market for banks, Citizens Financial‘s (NYSE:CFG) share price performance has been absolutely brutal, falling more than 40% since my last update and surpassing the 27% or so decline in the regional bank group by a wide margin. Worries about higher capital requirements have played a role, but Citizens has also…
Volodymyr Kalyniuk/iStock via Getty Images For much of the last decade, life sciences tools has been a “yeah, but” sector. Meaning, yeah, the revenue growth rates have been good, business relationships tend to be sticky, margins (and return metrics like ROIC) are typically very good, and opportunities like bioprocessing / bioproduction provide an attractive runway…
Progress Software Corporation (NASDAQ:PRGS) Q3 2023 Earnings Conference Call September 26, 2023 5:00 PM ET Company Participants Michael Micciche – Vice President, Investor Relations Yogesh Gupta – Chief Executive Officer Anthony Folger – Chief Financial Officer Conference Call Participants Ray McDonough – Guggenheim Securities Antonio Venturim – Jefferies Ittai Kidron – Oppenheimer Operator Good day…
Nalidsa Sukprasert Since the last time I wrote about the British luxury fashion company Burberry (OTCPK:BURBY) in May, its share price has seen a small correction of 2.6%. This is hardly any movement over five months, and it’s in line with what I had expected then. I was “on the fence about it short-term future…
XH4D Investment action I recommended a buy rating for Kratos Defense & Security Solutions (NASDAQ:KTOS) when I wrote about it the last time as I see it as a long-term investment, riding on the secular trend of the Department of Defense move to build combat drone capability. Based on my current outlook and analysis on…
Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run…
ebrublue10 Twist Bioscience (NASDAQ:TWST) is slowly making progress in its core SynBio and NGS businesses, but its Biopharma business has execution issues and investment in data storage is being scaled back, potentially delaying commercialization. A greater focus on costs is leading to an improvement in margins, which should continue into FY2024 as production at the…
Wirestock/iStock via Getty Images Introduction Viking Therapeutics (NASDAQ:VKTX) is a clinical-stage biotech firm working on treatments for metabolic and endocrine issues. Their main drug, VK2809, is a thyroid hormone receptor beta agonist for non-alcoholic steatohepatitis (NASH), showing good tolerability in Phase 2b trials. Viking is also testing VK0214 for X-ALD, a rare neurological condition, and…
gerenme/iStock via Getty Images Wolfspeed (NYSE:WOLF) is forming a tradition of collapsing following quarterly earnings. The semiconductor company is busy building silicon carbide and related device facilities to meet surging EV and renewable energy demand, but the technology isn’t simple to implement. My investment thesis remains Bullish on the stock due to huge design-in wins,…
Melpomenem Varonis (NASDAQ:VRNS) reported its second quarter 2023 (Q2) financial results on July 31 when it missed both the revenue and EPS estimates. Despite this bad performance, its shares climbed from around $28.7 to $31 in the immediate aftermath of the announcement which makes you wonder whether, behind these disappointing results, there is not something…
John Moore Shares of Standard Lithium (NYSE:SLI) have gained 24.71% since my last article on the company in March 2023 against the S&P 500 at +16.13%. Over the past year, SLI has dropped 20.95% (YoY) but it is up 52.82% (YTD). According to me, the share price has remained resilient (surging 60.77% above the 52-week…