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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I have spent a fair amount of time dunking on Elon Musk over the years. Among the things I have poured scorn upon are his puerile sense of humour, his asinine “lib-trolling”, his naive war…
dnaveh/iStock Editorial via Getty Images Since the last time I wrote about the skateboarding shoe brand Vans’ owner V.F. Corporation (NYSE:VFC) in January, its price is down by 21%. Even then, the company’s weakening fundamentals inspired little faith in the stock, prompting a Hold rating. But changes in leadership and a restructuring plan called Project…
ROMAOSLO/E+ via Getty Images Opener Since its spinoff in 2001, Addtech AB (publ.) (OTCPK:ADDHY) has been a massive winner for patient shareholders. The stock has compounded mainly because of its culture, its business formula, its care for shareholders, and lots of growth. In my view, it will not stop now and has plenty of growth…
juliannafunk Ray Dalio’s method for identifying bubbles In his book entitled Principles for Navigating Big Debt Crises, Bridgewater Associates founder Ray Dalio described a few signs that correlated well with past stock market bubbles. These signs are summarized in the table below and directly quoted below: 1. High Prices Relative to Traditional Measures: This means…
Today, the US government sent a transaction that appears to indicate it may be on the verge of liquidating the remaining Bitcoin it confiscated from the online marketplace Silk Road. According to on-chain data, a 0.001 BTC test transaction, part of a larger stash of approximately 30,174 BTC worth $2 billion, was moved. The funds…
Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million. This latest purchase was revealed through on-chain data rather than an official announcement. Tether has not publicly disclosed its Bitcoin addresses. However, transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an…
Mariana Silvestre/iStock via Getty Images Caleres, Inc. (NYSE:CAL) is an integrated footwear retailer and brand manager. The company owns the Famous Footwear chain, focused on families, and ten different footwear brands, mostly focused on women and in the accessible fashion market. The company has some characteristics that make it more interesting than other footwear retailers,…
coffeekai/iStock via Getty Images The investment holding company warned it will post a large loss for 2023, as losses from some assets may outweigh declining profits at others Investment holding company Legend Holdings Corp. ([[LGNRF]], 3396.HK) is showing that the whole isn’t always greater than the sum of its parts, at least in the business…
DutchScenery A lot of times with common durable goods, we just take them for granted and don’t ask where they come from, who made them, or what the business surrounding that manufacture looks like. A prime example of this is school buses. Today we’ll be looking at a long-time school bus manufacturer, Blue Bird Corporation…
Over two hundred bitcoiners descended on Uvita from January 18th – 20th which is a popular seaside spot in Costa Rica. The Bitcoin Freedom Festival was billed as a spiritual gathering for those who celebrate freedom money, nature and sovereignty. What many bitcoiners are still discovering about this beautiful place along the southern Pacific coast…
Helder Faria/Moment via Getty Images With consumers increasingly obsessed with online shopping, sometimes it’s nice to look over a more traditional company with a more straightforward bricks-and-mortar business model within an easy to understand industry. Today we’ll be looking at Ethan Allen Interiors (NYSE: ETD), a home furnishing manufacturer and retailer that dates back to…
kutaytanir/E+ via Getty Images The Bank of Canada highlighted stubborn inflation as a key reason it kept interest rates hold, even as the economy showed signs of slowing. Andrew Kelvin, Head of Canadian & Global Rates Strategy with TD Securities, discusses the outlook for rates going forward with MoneyTalk’s Greg Bonnell. Greg Bonnell: The Bank…
Mario Tama/Getty Images News December CPI Report The December CPI came in slightly hot on Thursday morning. The annual consumer price index rose 3.4% on an annual basis. Economists expected 3.2%. The index increased 0.3% in December compared to an expected monthly increase of 0.2%. The hotter-than-expected number probably reduces the chances for a Fed…
GOCMEN Earlier today, the Bureau of Labor Statistics reported that the U.S. economy created 199,000 jobs in the month of November and that the unemployment rate had fallen to 3.7%. The report continues a trend of slowing job growth, as the last three months of labor reports indicate a trend like 2018 levels versus those…
Theo Wargo/Getty Images Entertainment A Quick Take On Xperi Xperi Inc. (NYSE:XPER) reported its Q3 2023 financial results on November 13, 2023, beating revenue and consensus earnings estimates. The firm provides a variety of connected media and entertainment interfaces and related technologies. While its smallest segment, Media Platform (TiVo OS) is growing quickly, overall the…
Justin Sullivan Investment Thesis Last time I wrote about Home Depot (NYSE:HD), I talked about how the current macroeconomic climate was putting pressure on the company. In this article, I dissect the company’s Q3 numbers and highlight the key takeaways from what was yet another subdued earnings report. A Snapshot of Q3 Performance Home Depot…
A new documentary is showcasing how Bitcoin, beyond its role as a digital money, played a crucial role in verifying Guatemala’s most recent presidential elections. The documentary, entitled “Immutable Democracy,” delves into the innovative use of OpenTimestamps, a tool developed by Bitcoin Core developer Peter Todd, and implemented by Guatemalan tech startup Simple Proof. OpenTimestamps…
Investment Thesis The last time I wrote about Netflix, I mentioned how the actors’ and writers’ strikes were unlikely to have an adverse impact on the company relative to its peers. In this article, I discuss the company’s Q3 performance and argue why moves such as price increases and increased push towards animated movies, demonstrate…
f28production 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 this note is…
burcu demir/iStock via Getty Images A Quick Take On Digimarc Digimarc Corporation (NASDAQ:DMRC) enables product digitization and identity verification worldwide. I previously wrote about DMRC with a Hold outlook. The firm has recently enjoyed a large contract win, but management hasn’t provided details on revenue recognition or cash flow. Also, DMRC recently launched its Validate…
A new study conducted by the Bank of International Settlements (BIS) has shed light on the true extent of Bitcoin’s impact on cross-border payments, revealing that its significance may be even greater than previously believed. According to a report by Reuters, the findings challenge conventional assumptions and underscore the growing relevance of Bitcoin in the global…
Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements. Payment giant Paypal has shared its first PayPal USD (PYUSD) transparency report with the public. The report comes 39 days after it announced the launch of the stablecoin. PayPal unveiled its PYUSD stablecoin on August 7. The…
While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate. In recent months, the world has witnessed a significant degree of financial turbulence as it relates to dwindling crypto prices and concerning Consumer Price Index (CPI) data. One key aspect of this turbulence has been the seesawing…
Katrina Wittkamp Investment action Based on my current outlook and analysis of Burlington Stores (NYSE:BURL) 2Q23 earnings, I recommend a hold rating. I expect the stock price to be rangebound in the near term, as I do not see any positive catalysts that will drive the valuation multiple upwards. BURL needs to show the market…
sankai Are ratings upgrades too late? A few months can be an eternity in the stock market, especially today when business conditions move extremely quickly. Many analysts and investors were leaving Amazon (NASDAQ:AMZN) out in the cold at the opening of 2023. Some even predicted a share price in the $60 per share range when…
Panama7/iStock Editorial via Getty Images Bright Future Despite Lower 1H Results BP p.l.c. (NYSE:BP) reported lower earnings in the second quarter and first half of 2023. This should not come as a surprise with the Brent crude marker price (CO1:COM) averaging $79.66/bbl in the first half compared to $107.94 in 1H 2022. Similarly, BP’s refining…
skynesher/E+ via Getty Images By Carsten Brzeski German unemployment increased by 62,000 in July, raising the number of unemployed to 2.617 million. The seasonally adjusted unemployment rate, however, dropped to 5.6%, from 5.7% in June. For those who want to find some sign of weakening in the labour market, today’s report brought some reassurance: the…