Oat_Phawat Triple Flag Precious Metals Corp (NYSE:TFPM) reported its first quarter results, highlighted by strong growth and climbing profitability. The timing of an ongoing ramp-up in gold-equivalent ounces (GEOs) sales from the group’s streaming and royalties portfolio has benefited from the favorable metals pricing environment. Shares of TFPM have returned 25% year to date, outperforming…
Alvaro Victor/iStock via Getty Images Note: I have covered SEACOR Marine Holdings Inc. or “SEACOR Marine”(NYSE:SMHI) previously, so investors should view this as an update to my earlier articles on the company. Two weeks ago, leading offshore support vessel provider SEACOR Marine Holdings reported disappointing first quarter results, with revenues and profitability falling well short…
Nikada Overview The new week has begun off quietly. The dollar (DXY, USDOLLAR) is in narrow ranges against the G10 currencies, +/- 0.15% as the North American market prepares to open. The Dollar Index is trading inside the narrow pre-weekend range. With softer US CPI, retail sales, and industrial production due this week, we have…
luxizeng Melco Resorts & Entertainment Limited (NASDAQ:MLCO) recently reported its latest quarterly results, highlighted by an ongoing rebound at the company’s Macau, China casino properties. Data shows regional tourism and gaming revenues are back on track to reclaim pre-pandemic records. We covered MLCO in 2023 with a bullish article that admittedly suffered from poor timing,…
Morgan Stanley, one of the world’s largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers. JUST IN: Morgan Stanley may allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients: Reports Gradually, then suddenly 🙌…
Igor Alecsander/E+ via Getty Images The Q1 earnings season is roughly two weeks away, and many producers have reported their year-end 2023 results and preliminary Q1 results. One of the most recent companies to report its Q1 operational results was Jaguar Mining (OTCQX:JAGGF) and, true to form, it was another massive disappointment. Not only did…
Evgeny Gromov Just over two months ago, I wrote on Endeavour Silver (NYSE:EXK), noting that any pullbacks below US$1.67 would provide buying opportunities. Since dropping into this buy zone, the stock has rallied over 70% to its recent highs, making it one of the top performers sector-wide. The view that the stock was finally a…
grandriver Last April, I started coverage of Transocean (NYSE:RIG) stock with a “Hold” rating, saying that while the day rates were improving that its debt load was an issue. The stock is down over -20% since then versus an over 20% gain in the S&P. More recently, in September, I said its deleveraging story has…
ozgurdonmaz In our previous analysis of Apple Inc. (NASDAQ:AAPL), we revised our revenue projections for the company with a full-year revenue growth forecast of 8.2% in 2024, which represents a recovery compared to its previous year’s revenue growth of -2.8%. We believed the company’s growth is poised to benefit from positive drivers this year with…
BlackRock’s spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil’s stock exchange,…
SOPA Images/LightRocket via Getty Images Shares of Synopsys (NASDAQ:SNPS) have seen a relatively stable start to 2024, despite the craze around AI and despite the company formally announcing a big deal for its smaller peer Ansys (ANSS) in January. This creates an interesting situation as the transaction is set to create a stronger and more…
tum3123 A third consecutive monthly acceleration in global output growth was supported by faster emerging market expansion while developed markets also returned to growth for the first time in six months. Overall, emerging markets continued to lead growth at the start of the year, with improvements seen in India and Brazil, while mainland China and…
yorkfoto The iShares China Large-Cap ETF (NYSEARCA:FXI) product has been a bearish beast over the past years. While the U.S. and most other leading world stock markets posted impressive gains in 2023, FXI continued its descent, and the path of least resistance continues to head toward a bearish abyss. As of January 12, 2024, FXI’s…
Ljupco/iStock via Getty Images Performance Assessment I’ve had a ‘Strong Buy’ stance in Google/Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) since mid last year. Since publication of that last article on the stock, total shareholder return has been +8.36% compared to +4.25% in the S&P 500 (SPY) (SPX), implying an alpha of +4.11%: Performance Assessment Since Last Coverage of…
Charles Gasparino, FOX Business Senior Correspondent, has reported that the long-anticipated Spot Bitcoin Exchange-Traded Funds (ETFs) are indeed a “done deal,” with trading slated to commence this Thursday. This confirmation from FOX Business cements earlier speculations, affirming that the final green light for Spot Bitcoin ETFs has been granted, signaling an imminent leap into the regulated investment sphere…
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…
asikkk/iStock via Getty Images Thesis SFL Corp (NYSE:SFL) is a diversified shipping company that owns 73 vessels that serve various industries. From cargo containers, to cars, and deep-water drilling, SFL does it all. With a backbone structured around long-term contracts, SFL has been able to pay a dividend for nearly 20 years. That is all…
PeopleImages JPMorgan Chase & Co. (NYSE:JPM) investors who braved the pessimistic selloffs in March and October have been duly rewarded, as JPM led the recovery against its financial sector (XLF) peers. Based on my Buy ratings on JPM in March and September, they have substantially outperformed the S&P 500 (SPX, SPY), notwithstanding JPM not being…
miniseries I am coming into 2024 in a decent position. My MinVar equity portfolio, designed to extract the best from both worlds in the perennial battle between growth and value, has done largely what it is supposed to do. It has offered positive, but below-beta, returns with below-beta volatility, the latter which means that your…
Orbon Alija Alpha Metallurgical Resources, Inc. (NYSE:AMR) produces mainly high-quality metallurgical coal. After hitting an all-time high in 2023, global coal demand is projected to decline, according to the International Energy Agency’s (IEA) annual coal market report. The IEA has never forecasted a decline before. The divergence between the share prices of coal producers (at…
As Bitcoin price has rallied past $42,000, the surge in BTC perpetual futures open interest suggests further price rally going ahead. On Monday, December 4, the world’s largest cryptocurrency Bitcoin (BTC) delivered a bullish rally shooting past $42,000. The recent bullishness around Bitcoin revolves around the expectations of a Bitcoin ETF approval in early January…
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia launched its largest drone attack of the war in the early hours of Saturday morning, targeting Kyiv in what Ukrainian officials fear is the start of a winter campaign aimed at destroying the…
Vivien Killilea PENN Entertainment, Inc. (NASDAQ:PENN) sent shockwaves through the industry by signing a 10-year, $1.5 billion deal to create an ESPN-branded sportsbook in August. Shortly after, I laid out the back-of-the-envelope case for PENN stock to soar from roughly $25 per share to $134 in the coming years. The market resoundingly disagreed, with frustrated…
ODX said the token issuance will take place on Progmat, a robust software platform dedicated to the issuance and management of digital assets. Osaka Digital Exchange (ODX) is set to transform the Japanese financial landscape with the launch of the country’s first-ever securities trading platform. The announcement, made on November 20, revealed that the company…
Philippines’ state-owned Development Bank of the Philippines and Land Bank of the Philippines serve as the issue managers for the tokenized treasury bonds. The Philippines aims to boost its domestic debt market by introducing tokenized treasury bonds, with an initial offering of at least 10 billion pesos ($179 million). This marks the country’s first foray…
SOL-PERP and AVAX-PERP markets will be launched on Coinbase International Exchange and Coinbase Advanced starting November 14. Coinbase, a leading cryptocurrency exchange, revealed its plan to introduce perpetual futures contracts for two major altcoins, Solana (SOL) and Avalanche (AVAX). The exchange will feature SOL-PERP and AVAX-PERP markets on Coinbase International Exchange and Coinbase Advanced starting…
sanfel The CY-Q3 Earnings Season for the restaurant sector has begun, and while it’s been a mixed start so far for casual dining with Dine Brands (DIN) disappointing, Brinker International (NYSE:EAT) was an exception. Not only did the company meet its expectations and enjoy its fourth consecutive quarter of outperformance vs. the industry at its…
Ca-ssis October’s flash PMI data revealed that Japan’s private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufacturing production, though services activity growth also slowed to the weakest in the year-to-date. At the same time, forward-looking indicators outlined the likelihood for further…
There is a growing interest in generative AI space, which has inadvertently resulted in increased demand for Graphical Processing Units (GPUs). OpenAI, the company widely known for its artificial intelligence (AI) chatbot ChatGPT, is reportedly interested in manufacturing custom AI chips. According to a Reuters report, which cited inside sources, OpenAI may already have its…
Mathisa_s/iStock via Getty Images There were signs semiconductor stocks were on their last legs in Q2 2023, but the uptrend that started in Q4 2022 came to an end in Q3 2023. Semis as a whole lost ground for the first time in Q3 2023 after three consecutive quarters of strong gains. The iShares PHLX…
Aside from the commercial bank, the Bank for International Settlements (BIS) will participate in the pilot to provide technical guidance and expertise to users. South Korea has become the newest country to conduct a pilot program to explore the technical infrastructure necessary for a central bank digital currency (CBDC). On October 4, the Bank of…
Until the trial proceeds next September 2024, Mashinsky will remain free on $40 million bail, however, will continue to face travel and financial restrictions. In an October 3rd hearing held in the United States District Court for the Southern District of New York, Judge John Koeltl set the criminal trial date for former Celsius Network…
Alex Wong Investment Thesis Having skipped the expected wild ride shortly after its US stock market debut, I am finally ready to start looking at VinFast (NASDAQ:VFS) stock. It is currently down about 85% from its highs, but that on its own is never a reason to think that a stock is a bargain. Several…
The news of the new Valkyrie ETF caused a spike in Ether price. Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement…
According to analysts, there are 15 Ether futures ETFs awaiting approval. The United States Securities and Exchange Commission (SEC) has postponed its decision on spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This comes after a September 26 announcement from the regulator saying it had extended the period for deciding on spot…
JacobH I last covered Uranium Energy Corp. (NYSE:UEC) in May, assigning the stock a Sell rating. My thesis revolved around the fact that the company does not produce any uranium and has been relying on the sale of existing inventory for almost all of its revenue. If a picture is worth 1000 words, then the…
Meanwhile, investors are closely eyeing the natural gas market, where prices experienced a significant surge on Monday. European stock markets displayed a cautious optimism earlier today, building on modest gains that marked the beginning of the trading week. According to reports, the Stoxx 600 index (INDEXSTOXX: SXXP), a broad measure of European stock performance, advanced…
Extreme Media If a company gambles on leverage, it’ll probably go bankrupt on leverage. – Hendrith Vanlon Smith Jr. The Direxion Daily S&P Biotech Bull 3x Shares ETF (NYSEARCA:LABU) is a 3x leveraged ETF that strives to yield a daily return three times the performance of the S&P Biotechnology Select Industry Index. It pursues this…
wildpixel By Padhraic Garvey, CFA and Benjamin Schroeder Enough from the data to tempt the US 10yr towards 4.5% Key levels were hit on the US curve on Tuesday: 4.25% for the 10yr and 5% for the 2yr. Then there has been a brief consolidative theme, but only for more bond weakness to show overnight,…