Sundry Photography/iStock Editorial via Getty Images Elevator Pitch I have a Buy investment rating for Aptiv PLC (NYSE:APTV) shares. My prior article written on November 18, 2023 drew attention to the United Auto Workers strike’s effects and the company’s profitability outlook. This current update reviews Aptiv’s most recent quarterly financial performance and its shareholder capital…
grandriver/E+ via Getty Images We previously covered Daqo New Energy (NYSE:NYSE:DQ) in December 2023, discussing why we maintained our Hold rating on the stock, with China’s accelerating solar panel installation likely to be negated by the stalling demand in the US and EU over the next few quarters. While the stock might be rerated closer…
Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development. Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is – why are only @BitwiseInvest…
JHVEPhoto Summary Moncler (OTCPK:MONRF) is a luxury brand retailer that serves a global customer base. The products they offer include multiple categories, such as outerwear, shoes, accessories, etc., for both women and men. Currently, MONC has two key brands: Stone Island and Moncler. The financial contribution between the two differs mainly in the split between…
Brandon Bell Valero Energy (NYSE:VLO) is a leading U.S. oil refining company. VLO’s shares have not just rallied but are nearly five and one-half times higher since the March 2020 low and were trading at a record high in early April 2024. Oil refining is a capital-intensive business, with profitability hinging on the price differential…
LeoPatrizi Elevator Pitch I rate KT Corporation (NYSE:KT) [030200:KS] as a Hold. In my previous article written on January 14, 2024, I shared my thoughts on the expected performance of the company’s telecommunications and non-telecommunications businesses for the future. This latest update details recent developments, which point to a Hold rating for KT. The major…
scyther5 CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by Axel Merk, President and Chief Investment Officer for Merk Investments. Merk Investments is the investment advisor of ASA Gold and Precious Metals Ltd. (NYSE:ASA). We’re so glad you…
Andrii Dodonov Shares of Jackson National (NYSE:JXN) have been a tremendous performer over the past year, rising 70%. Elevated rates and rising equities continue to support results, and its capital position is now stellar. Since reiterating Jackson as a “strong buy” in December, shares have rallied a further 24%, bringing their return to nearly 60%…
lechatnoir Investors have been pouring money into US stocks. According to this week’s fund flow update from EPFR, equities received a massive $56 billion influx of capital – that is the biggest inflow since March of 2021, a period marked by intense fiscal stimulus along with an accommodative Federal Reserve. Today, the Effective Funds Rate…
BlackJack3D Deals and Financings Shenzhen EurekaBio closed a $40 million Series B+ funding to support the commercialization of its EuLV™ Lentiviral Vector Production System, a technology that the company believes could transform large-scale production of lentiviral vectors. The system is based on stable cell lines and a serum-free suspension system. Eureka believes its novel technology…
Brave, a privacy-focused web browser with over 60 million users, has rolled out an update to its desktop version (1.63) that introduces support for Native SegWit Bitcoin wallets within its built-in Brave Wallet. Additionally, Brave Wallet now enables users to send and receive from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit,…
JHVEPhoto/iStock Editorial via Getty Images Introduction Barclays PLC (NYSE:BCS) shares have enjoyed a very strong run post the release of the bank’s Q4 2023 result on 20 February 2024. The quarterly release was published alongside an Investor Update, in which management set out the group’s new strategy and financial targets. On 01 March 2024, Barclays…
Scott Olson Above: Constant promotion is endemic to the sector–but DraftKings Inc. (NASDAQ:DKNG) has gotten discipline and is moving toward a smarter allocation of marketing assets. DKNG reported Q4 2023 earnings yesterday—what counts Price at writing: $44.16. Pre close $42.59 Q4 2023 revenue: $1.231b up $376m, 44% y/y 2022. Total 2023 revenue: $3.665b Net loss…
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Brussels is considering emergency support measures for Europe’s solar panel manufacturing industry as a flood of cheap Chinese imports threatens domestic production and industry figures warn the continent’s manufacturers are “on the brink”. Four European…
jxfzsy By Doug Young Offshore Chinese stocks may not be getting off to the best start this year, but don’t blame it on the regulators. China will “steadfastly promote the opening of China’s capital market and work together with all parties to further improve the overseas listing mechanism,” Fang Xinghai, a vice chairman of the…
Roman Tiraspolsky Is the EV trade in trouble? Earlier this month, Hertz (NASDAQ:HTZ) announced that it plans to sell off a third of its electric vehicle fleet, opting to buy gasoline-powered cars with some of the cash proceeds. The firm sees lower demand for EVs while repair costs for that group of vehicles have soared….
Andrii Yalanskyi Rithm Capital (NYSE:RITM) offers a high-dividend yield that seems to be sustainable in the medium term, plus its recent acquisitions should lead to more recurring revenue and improved earnings profile, being positive for its business model and valuation over the long term. As I’ve covered in a previous article, Rithm Capital offers a…
BitPay customers can now utilize the wide array of cryptocurrencies supported to purchase goods and services from renowned merchants like Gucci, Ralph Lauren, and AMC Theatres. Bitcoin (BTC) service provider BitPay has taken a huge step in embracing the broader crypto ecosystem by adding support for numerous cryptocurrencies, including Uniswap (UNI), Chainlink (LINK), Binance Coin…
Michael M. Santiago/Getty Images News Investment Thesis At the end of February, Etsy (NASDAQ:ETSY) is going to report its FY23 results. I wanted to take a look at the company´s financials to see if it’s a good time to start a small position. With uncertain revenue growth and not enough information to be certain that…
TommL Synopsis PriceSmart (NASDAQ:PSMT) runs membership warehouse clubs, offering a wide range of high-quality goods and services at low prices to its members. They operate mostly in Central America, the Caribbean, and Colombia. PSMT’s historical revenue has shown robust revenue growth driven by COVID pandemic easing. In addition, margins over the years have remained robust…
beingbonny/iStock via Getty Images Investment Thesis Transcontinental (TSX:TCL.A:CA) is a flexible packaging and printing company in North America. It reported its quarterly results and has managed to deliver decent performance despite the macroeconomic pressures. I believe the company can further grow in the future as it has highly focused on the commercialization of recyclable flexible…
The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy. Cardano (ADA) network, a leading smart contract-focused blockchain with more than $378 million in total value locked (TVL) in its decentralized financial (DeFi) protocols, has grown to a mature ecosystem despite the devastation of the 2022…
Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3%…
Dragon Claws Investment Thesis Modiv Industrial (NYSE:MDV) is a real estate investment trust that operates, acquires, and leases commercial real estate properties. It has recently reported a decent quarter and I believe it can sustain this performance in the future as a result of industry tailwinds and its continued focus on acquisitions. About MDV Share…
By directly integrating Solana, Hashflow 2.0 becomes the first DEX to offer cross-chain trading between Ethereum and Solana. Decentralized exchange Hashflow is out with its 2.0 iteration, and may have added some advancements to its platform. First off, the December 5 launch includes support for Solana, which is arguably one of the fastest and most…
According to Floki, DWF Labs has helped the ecosystem in many ways, including assisting in listing the token on crypto exchanges to make FLOKI accessible to users from around the world. Crypto market-maker (MM) DWF Labs has acquired an additional $1.25 million worth of FLOKI tokens to support the advancement of the ecosystem. According to…
pidjoe Clean energy stocks have endured intense selling pressure throughout 2023. Higher interest rates, volatile commodity costs, and weakness in the EV niche of the auto market with falling retail sticker prices, among other macro factors, have hurt the group. Are there green shoots in clean energy though? I assert that valuations have come in…
designer491 Intro Kadant Inc. (NYSE:KAI) is an industrial player providing products & services in its ‘Material Handling’, ‘Industrial Processing’ & ‘Flow Control’ segments. Typical products are vibratory equipment, ring debarkers & rotary & expansion joints to name but a few. The company came across our desk as covered Gates Industrial Corporation plc (GTES) recently which…
Blockchain Association slammed the OFAC stating that the regulator should catch hold of individuals engaging in illicit activities instead of imposing the ban. The Blockchain Association has reiterated its support for six plaintiffs challenging the US Treasury Office of Foreign Assets Control (OFAC) over the sanctions imposed on Tornado Cash, a crypto mixer. In a…
PM Images The energy sector has continued to perform well in 2023, from upstream production to midstream operators. Enterprise Products Partners L.P. (NYSE:EPD) has followed the trend as units have increased 7.56% YTD. EPD’s Q3 results were a bit of a mixed bag as they beat top-line estimates by $370 million, delivering $12 billion in…
chameleonseye PayPal Holdings, Inc.’s (NASDAQ:PYPL) recent financial performance showcased impressive momentum with a rise in net revenues and notable improvements in GAAP and non-GAAP operating income. The company observed growth in its Total Payment Volume (TPV) and transaction count, pointing to a bolstered transactional base. Active account numbers also slightly increased, emphasizing the company’s prominence…
The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and…
Sundry Photography In the ever-evolving clean energy landscape, solar energy and battery storage have taken center stage, reaching beyond the well-known domain of electric vehicles (EV). Enphase Energy, Inc. (NASDAQ:ENPH) is among the key players, renowned for its expertise in developing batteries and microinverters tailored for businesses and consumers. Enphase Energy showcases remarkable adaptability amid…
Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics. Amidst a global shift in economic outlook triggered by the BRICS alliance, Bitcoin (BTC) has been identified as a crucial instrument to hedge against high…
andresr/E+ via Getty Images W. P. Carey Inc. (NYSE:WPC) showcased a remarkable financial performance in the second quarter of 2023, with its revenues experiencing a significant surge. WPC’s growth is attributed to its Real Estate segment, net investment activities, contributions from the CPA:18 Merger, and rent escalations. This article presents WPC’s financial performance and technical…
The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with…
alberto clemares expósito Our Bullish INMD Investment Thesis Failed To Materialize As Expected We previously covered InMode (NASDAQ:INMD) in July 2023, discussing the stock’s discounted valuations and depressed stock prices, as the macroeconomic outlook remained uncertain over the next few years. We had believed that the stock might eventually be re-rated closer to the higher…
baona Overview The US dollar is trading with a firmer bias against all the G10 currencies ahead of today’s August US CPI report. Even increased speculation that the ECB will hike rates tomorrow has failed to lift the euro, while a larger than expected contraction in the UK’s July GDP pushed the sterling briefly through…
Sundry Photography Fortinet, Inc. (NASDAQ:FTNT), a prominent player in cybersecurity, recently went through a shift that unsettled its investor base. Although the company achieved its expected quarterly earnings, it saw a decline in share prices in August 2023. This article offers a technical examination of Fortinet’s stock price to forecast its upcoming trajectory and identify…
In a commendable move to advance financial literacy and inclusion, Samara Asset Group has donated $10,000 in bitcoin to Bitcoin DADA, per a press release sent to Bitcoin Magazine. This Kenya-based non-profit initiative is steadfastly working towards empowering African women through extensive financial education, emphasizing Bitcoin’s power to bring about transformative change. Bitcoin DADA, anchored…
SlavkoSereda/iStock Editorial via Getty Images In a previous article discussing Raiffeisen Bank International AG (OTCPK:RAIFF; OTCPK:RAIFY), I identified two main risks: the bank’s significant reliance on its Russian subsidiary and its exposure to Signa Group. There have been further negative developments both at Signa (kindly note, that following, unless otherwise stated, “Signa” refers to the…
Binance will delist BUSD as a loanable asset on September 6 and will suspend withdrawals of Binance-pegged BUSD tokens via BNB Chain, Avalanche, Polygon, and Tron on September 7. Renowned crypto exchange Binance has officially announced its decision to discontinue support for its native stablecoin, Binance USD (BUSD), by February 2024. Paxos’ Role in Binance’s…
Binance discontinues support for Venezuela’s Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. On August 28th, the cryptocurrency exchange Binance ceased its support for Banco de Venezuela, one of the largest banks in Venezuela, which holds 60% of the country’s total banking assets. The measure was announced by several users,…
JHVEPhoto/iStock Editorial via Getty Images The global financial cornerstone, represented by the banking sector, is currently receiving intense scrutiny within the market. Recent turbulent events have shaken this industry, leading to substantial impacts on the stock values of various institutions. This situation has ignited discussions about the genuine value of these establishments. A noteworthy player…
Khanchit Khirisutchalual Investment action I recommended a buy rating for Xometry (NASDAQ:XMTR) when I wrote about it the last time, as I expected the business to continue growing as guided given that the previous issues that plagued the business were largely resolved. Based on my current outlook and analysis of XMTR, I recommend a buy…
alexsl The MPW Investment Thesis Has Lost Its Bullish Support Here We previously covered Medical Properties Trust (NYSE:MPW) in May 2023, discussing the short sellers attack by Viceroy Research. The report had caused its stock prices to drastically decline, thanks to the allegation that the REIT “buys assets at inflated prices from tenants.” At that…
Gemini highlighted that XRP will be available for trading under several currency pairs including USD, GBP, EUR, CAD, SGD, HKD, and AUD. Following the court’s ruling earlier last month on the SEC vs Ripple case, cryptocurrency exchange Gemini announced on Thursday that it has now added the support of XRPL and its native digital asset…
This is an opinion editorial by Win Ko Ko Aung, a McCourt Scholar for Georgetown University’s Data Science for Public Policy program and a survivor of Myanmar’s 2021 military coup. The Biden administration responded to the 2021 military coup in Myanmar (also known as Burma) with rapid implementation of economic sanctions, a significant measure that…
IR_Stone/iStock via Getty Images Overview My recommendation for TechnipFMC (NYSE:FTI) is a buy rating as I continue to be positive on Subsea performance, especially after a strong 2Q23 quarter. In addition, management’s new capital allocation policy is also a good indicator of confidence in upcoming cash flows, which I think will support the stock’s valuation….
D. Lentz Introduction We analyzed Constellium (NYSE:CSTM) on this platform during late 2021 in a deep dive article that was named Top Idea. While shares are only up 5% since that article was published, in large part due to the unforeseen deteriorating macroeconomic environment with hyperinflation. However, year-to-date, the stock is up more than 50%,…