United States

• Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investors
• The company has undergone strategic changes, selling off non-core operations and refocusing on core assets in the Permian Basin
• Occidental Petroleum has improved management and technological advancements in the Permian Basin, leading to a projected value of $100 per share by 2026

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Copper continued its slide on concerns about inventory and the commencement of new projects and delivered a -9% return for the month. 
• Check out our initiation, Copper Primer: What We Like About Copper And What to Play, and equity initiation Southern Copper: In a League of Its Own 
• We like the long copper-short gold trade and explore iron condors in the copper Freeport Mcmoran (FCX US) . 

• Fastly’s first quarter 2024 results demonstrate both promising advancements and headwinds that underscore the complexity of its market environment.
• Revenue growth of 14% year-over-year to $133.5 million surpassed the midpoint of Fastly’s guidance, reflecting effective customer growth and retention initiatives.
• The customer base expanded to 3,290, marking an increase from previous quarters.

• Papa John’s International, Inc. recently reported a mixed first quarter of 2024, demonstrating resilience in some areas of its operations while facing pressures in others.
• The company has introduced a series of initiatives under its “Back to Better 2.0” strategy aimed at revitalizing the brand and enhancing profitability, yet it is still navigating through several challenges.
• On the positive side, Papa John’s has launched several strategic measures to improve its marketing effectiveness and brand visibility.

• CAVA’s first quarter of 2024 financial results depict a mixed yet optimistic scenario for the Mediterranean cuisine leader.
• The company reported solid revenue growth of 30.3% year-over-year reaching $256.3 million and a notable addition of 14 new restaurants, indicating aggressive expansion strategies into both existing and new markets.
• The same-restaurant sales experienced a moderate increase of 2.3% or 30.7% on a 2-year basis which, while positive, might suggest a deceleration in same-restaurant sales growth momentum when compared to historical data.

• Visteon Corporation demonstrated robust performance in the first quarter of 2024, navigating a challenging and varied market environment with strategic finesse.
• The company reported a solid kickoff to the year with $933 million in sales, attributed to heightened demand for its Digital Clusters and cockpit domain controllers, which both saw a 20% year-over-year increase.
• The noteworthy expansion in Battery Management Systems (BMS) sales, which more than doubled compared to the prior year, was another highlight, significantly contributing to a positive growth-over-market rate at 2%.

• NAR settlement presents big opportunity for CSGP’s homes.com business with rapid growth in traffic and monetization
• CSGP trading in-line with historical valuation, offering a cheap option on homes.com network for further growth
• Settlement may lead to unbundling of buy-side commissions, disrupting traditional US portal model and driving CSGP stock higher

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Group 1 Automotive recently held a comprehensive review of its first quarter 2024 financial results, reflecting significant developments and strategic advancements.
• Notable was the acquisition of Inchcape Retail, a move positioned as the largest dealership transaction in the company’s history, signaling Group 1 Automotive’s strategic growth through mergers and acquisitions (M&A).
• This acquisition was highlighted as immediately accretive, enhancing the company’s footprint in both new and existing markets without necessitating substantial facility investment, further emphasizing prudent capital allocation.

• Commercial Metals Company (CMC) recently shared the outcomes of its third quarter fiscal 2024 results, presenting a resilient financial and operational performance amidst the complexities of the steel industry and broader market uncertainties.
• On the positive side, CMC reported strong core EBITDA and margin results, with performance levels well above the company’s historic averages.
• The earnings resilience can be attributed to positive shifts in the company’s business structure and the steel industry, notably marked by CMC’s strategic acquisitions that have bolstered its market leadership and enhanced the operational efficiency of its asset base.

• Ollie’s Bargain Outlet recently discussed its financial results for the first quarter of fiscal year 2024, presenting a detailed analysis of its operational performance and outlook.
• During the presentation, the company highlighted several positives including a notable 49% increase in adjusted earnings per share, underpinned by better-than expected performances in comparable store sales, total revenue, gross margin, and expenses.
• This robust performance underscores the company’s effective execution despite the ongoing economic pressures influencing consumer spending.

• Broadcom’s Strong Q2 Performance: Broadcom’s Q2 revenue surged 43% year-over-year to USD 12.5 billion, driven by AI demand and VMware contributions.
• Dominance in AI ASIC Market: Broadcom holds a 60% market share in AI-specific integrated circuits, serving major clients like Alphabet and Meta.
• Lead up to Stock Split Upside Potential: Mega caps have seen an average 17% outperformance relative to S&P 500 from announcement to actual stock split, signaling sharp upside for Broadcom.

• Southern Copper (SCCO US) in the equity space is the best way to play bullish copper long-term with its long-term (10-year) ROCE of >22% 
• With low-cost production assets in Peru and Mexico, the company has managed EBITDA margins of> 39% across the cycle (last 15 years) and averaging 50%.
• A 100% payout results in a dividend yield of 3.5%. We believe there is a price for everything, and in the event of a 20% correction, it would be attractive.

• Mattel Inc.’s first quarter 2024 financial results reflected a mixed performance, demonstrating resilience in some areas while facing challenges in others.
• The company reported a slight decline in net sales, down 1% both as reported and in constant currency, totaling $810 million for the quarter.
• Despite the dip in sales, Mattel showed considerable strength in profitability metrics.

• Rani is a clinical-stage biotherapeutics company developing the ingestible robotic RaniPill (RP) that enables oral delivery of biologics & other large molecules.
• Its pipeline features clinical assets RT-102 (teriparatide for osteoporosis) & RT-111 (ustekinumab for psoriasis).
• Both programs have completed Ph1 trials characterizing safety tolerability & pharmaco-kinetics.

• TLNE has come under pressure after news of AEP and EXC protesting the power purchase agreement between TLNE and AWS. AEP and EXC are asking for a hearing by FERC
• The process creates a headwind for TLNE and the timing of when, or if, the remaining $300M would be released in TLNE’s agreement with AWS.  
• The signal AEP and EXC are sending supports the long-term view on power supply. The power being diverted to AWS would put greater stress on the regulated power companies

• White Mountains Insurance Group, LTD was founded by Byrne in Bermuda
• The company has shown consistent growth in book value and stock price, with an average annual return of around 10% since 2001
• WTM operates as a smaller version of Berkshire Hathaway, with a market cap of $4.55 billion and a focus on prudent acquisitions and management

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Madison Square Garden Sports Corp. has recently shared its fiscal 2024 second quarter results, offering a mix of solid strengths and areas for cautious observation.
• The company reported revenues of approximately $327 million and an adjusted operating income of $37 million for the quarter.
• This reflects a dynamic scenario where, despite 9 fewer Knicks and Rangers home games comparative to the prior year, per game revenues across the majority of categories including tickets, suites, food, beverage, and merchandise increased, indicating robust per unit profitability and consumer spending resilienc Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

• GameStop has exhibited a transformative rebound in the challenging retail sector environment over the recent years.
• The efforts to reshape its operational and financial structures have manifested into some noticeable improvements in its financial health and operational strategy, as detailed in recent company reviews.
• GameStop management has successfully navigated through burdensome debt, strained vendor relationships, and a dwindling cash position that marked the beginning of 2021.

• Casey’s General Stores recently reported results for the fiscal fourth quarter and full year of 2024, showcasing robust performance with a range of strategic expansions and operational enhancements that underscore the company’s resilience and proactivity in a volatile retail environment.
• Positive outcomes were plentiful in the report.
• Casey’s notably achieved a record diluted earnings per share at $13.43, a 13% increase year-over-year, with net income also hitting a new high at $502 million.

• Brunswick Corporation reported a solid first quarter for 2024, consistent with its projections despite ongoing economic uncertainties and a cautious consumer environment.
• The company acknowledged the robust market share gains, especially by Mercury Marine in the U.S. outboard retail market, and lauded the positive response to its newly launched products.
• Through effective cost control measures and strategic debt management, Brunswick has maintained a stable financial position.

• Nvidia surpasses $3 trillion valuation, a first in semiconductor industry
• Company’s rapid growth raises concerns about stock market dynamics
• Debate on Nvidia’s dominance in AI computing and comparisons to past tech industry booms.

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• Data Centers — Traditional Data Center Recovery Starting; In Addition to HBM Demand, SSD Memory Seeing Strength for AI Applications
• PCs — Upcycle to Accelerate “Late CY2024E”, Driven by Windows 12 and End of Windows 10
• Mobile Devices — Moderate Growth in CY2024E; Potential for Smartphone Upgrade Cycle Acceleration

• Tesla Tops Storage: Tesla dominates North American battery storage (25% market share) as renewables rise, deploying a record 4,053 MWh in Q1 2024.
• Explosive Industry Growth: U.S. battery storage market projected for a staggering 30.5% CAGR until 2030, driven by clean energy transition.
• Forefront of Innovation: CATL revealed TENER, a mass-producible energy storage system with zero degradation for five years achieving 430Wh/L density. Innovation to continue fueling growth.

• Anthropic is releasing a new, highly intelligent and powerful model in the near future
• Developments in interpretability of AI models are progressing, allowing for greater understanding of decision-making processes
• Progress in understanding AI models is happening rapidly, but keeping pace with the complexity of new models remains a challenge

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• Top miners like BHP Group Ltd (BHP AU) and Teck Resources (TECK US) are signaling their long-term bullish copper intent through their recent corporate actions. 
• Copper may experience short periods of oversupply, but its long-term outlook makes it one of the best commodities we cover in terms of return potential. 
• Our best plays in the copper space are Southern Copper (SCCO US), Teck Resources (TECK US) and Freeport Mcmoran (FCX US)

• Confluent (CFLT) is an infrastructure software company offering managed data streaming and processing services
• The company went public in 2019 and has experienced a decrease in stock price, presenting a potential opportunity for rerating
• Confluent’s strong product story around Apache Flink and usage by companies like FedEx and Uber position it for future growth

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Author recommends buying a basket of gold miners via GDX
• Bullish on price of gold and miners, predicting period of out-performance
• Targeting GDX’s previous peaks in low $40’s and potential “parity” target of $45

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Simpson Manufacturing Company showcased mixed results in its First Quarter 2024 financial performance amidst a challenging housing market landscape particularly marked by variability in the U.S. and Europe.
• The company reported a modest year-over-year decline in net sales totaling $530.6 million.
• Despite increased sales volumes in North America, which rose by 8% due to a flat U.S. housing market, broad gains were offset by the timing and calculation of volume discounts connected with previous price reductions.

• Jabil recently disclosed its financial outcomes for the third quarter of the fiscal year 2024, delivering robust figures that reflect its strategic maneuvers and adjustment to changing market dynamics.
• The company posted revenues of approximately $6.8 billion, surpassing expectations by $265 million.
• This was aided by significant contributions from the connected devices and networking and storage sectors, which outperformed anticipations.

• We update Klarna’s and Stripe’s IPO valuations based on recent share transactions; Indian payments company Pine Labs is also reported to be looking to IPO
• Our 2Q24 recommended shares performance was very mixed, with it being a mainly challenging quarter for long investors in payment companies
• We retain Visa as a core holding and also keep PagSeguro and Shift4 as buys, replacing PayPal with European value play Nexi; we keep our sell rating on Affirm

• Broadcom Inc. presented its second quarter fiscal year 2024 financial results, underscoring notable growth and strategic advancements, particularly through its semiconductor and software segments.
• The revenue recorded was $12.5 billion, a substantial 43% increase year-on-year, buoyed significantly by the inclusion of a full quarter’s financial contribution from VMware.
• Excluding this factor, revenue was up 12% from the previous year.

• Warner Bros. Discovery commenced the first quarter of 2024 with a focus on adjusting its operations for future sustainability in an industry marked by rapid disruption due to technological advancements.
• The company acknowledges the transformative necessities dictated by changing consumer behaviors and the technological landscape.
• On a positive note, Warner Bros. Discovery reported an encouraging increase in subscriber growth for its streaming service, Max, which saw an addition of 2 million subscribers across various regions, pushing its total Direct-to-Consumer (D2C) subscriber count towards 100 million.

• Clean Harbors reported a firm start to 2024, with various elements of the business performing strongly, though challenges linger primarily in pricing environments affecting some segments.
• The Environment Services (ES) division, a pivotal part of the company’s operations, showcased an impressive 10% revenue increase, bolstered by both organic growth and strategic mergers, including recent acquisitions like Thompson and HEPACO.
• With a particular strength displayed in technical services which saw an 11% spike driven by high operation volumes, ES stands out as a robust contributor to Clean Harbors’ overall financial health.

• Cencora, a leading healthcare solutions company, held a discussion reviewing its fiscal 2024 second-quarter results, highlighting both strengths and areas of concern as the organization continues to navigate a complex and evolving market landscape.
• The transition announcement of Bob Mauch replacing Steven Collis as CEO presents both an opportunity for continuity and the challenge of strategic execution during leadership changes.
• Revenue for the quarter increased by 8%, with an adjusted EPS growth of 9%.

• In APA Corporation’s first-quarter 2024 financial and operational results, the performance seemed rather mixed.
• In terms of production efficiency, APA Corporation reported a notable 16% increase in U.S. oil volumes compared to the same period last year, primarily driven by its operations in the Permian Basin.
• This marks the fifth consecutive quarter where the company has met or exceeded its U.S. oil production guidance, underscoring its ability to maintain production efficiency consistently.

• Coursera reported mixed financial results for the first quarter of 2024, reflecting progress on strategic initiatives but facing challenges in revenue growth, particularly within their consumer segment.
• The company reported a 15% year-over-year increase in revenue, which, despite aligning with progression in its product offerings and user base growth, fell short of internal expectations primarily due to softness in North American paid learners.
• On the positive side, Coursera continues to strengthen its platform with enhanced educational content and broader partnerships, evidenced by the addition of new professional certificates and degrees, and significant emphasis on integrating generative AI technologies into its offerings.

• Southwest continues to suffer revenue generation challenges and issued another profit warning today, yet pricing pressure simply exposes a lack of control over its costs
• Our detailed analysis of Southwest’s financial performance illustrates it has seen labor inflation decimate its conversion of gross profit to EBITDAR, now ranking among the bottom tier of the sector
• Our deep dive on peer financial performances illustrates that only American, Delta and United have managed to broadly protect gross profit/EBITDAR conversion while all others have seen labor costs bite

• The Calix’s financial performance for the first quarter of 2024 underscores the company’s resilience amid shifting market conditions.
• Calix recorded a revenue of $226.3 million, settling within the provided guidance.
• This positioning affirms the continued relevance and efficacy of its platform, cloud, and managed services in driving its business agenda despite current industry challenges.

• Expect Micron to report strength in AI, highlight the company’s HBM efforts, and quote McKinsey’s trillion-dollar forecast in their earnings call tomorrow
• Although Nvidia’s growth has really helped the DRAM market, along with 2023 CapEx cuts, there are important concerns of double-ordering which could lead to a collapse soon
• Semiconductor market revenues have leveled off since December 2023, hinting a return to more normal growth for the rest of the year

• A slowdown in China’s property and manufacturing sectors along with high refining ouput has led to a significant increase in copper inventories, contributing to short-term demand concerns.
• Major copper miners face production challenges, risking future supply deficits amid growing demand from the photovoltaic and EV industries.
• Asset managers have reduced their long positions in copper due to near-term market conditions, reflecting a cautious outlook on immediate price movements.

• Semiconductors (SMH,SOXX,NVDA,AVGO) have been leadership since late-2022, but they’re extended and starting to see profit taking as market participants rotate into other laggard areas of the market (especially Energy).
• The question is whether this new trend lasts a few days, or if this is the start of longer-term trend.
• If there will be any lasting rotation away from Technology/semiconductors, SPX and QQQ would need to break strong short-term supports at 5370-5380 and $468-469, respectively. Until then, Tech/semis remain leadership

• FormFactor delivered mixed first-quarter results for the fiscal year 2024, with its revenue closely aligning with the upper end of forecasts due to robust demand in the DRAM probe card sector, corroborated by significant advancements in setting standards for testing high-bandwidth memory (HBM).
• However, the company encountered challenges as non-GAAP earnings per share (EPS) dipped below the anticipated range primarily due to a less favorable product mix across its segments and heightened warranty costs in the Probe Cards segment.
• Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

• Xiao-I (NASDAQ: AIXI) is leveraging its existing relationships and signing new clients at an impressive pace.
• The company has announced nearly a dozen new products or relationships utilizing its AI platforms in the past two months.
• Competition remains intense in the AI market and we think investors are questioning if Xiao-I has the financial capacity to remain competitive across multiple industries as private and public companies continue to invest heavily in its core markets.

• eXp World Holdings is a cloud-based real estate brokerage business with a stock price of $9.91 and a market cap of $1,562 million
• The company offers agents an 80% commission retention through a revenue share agreement, a significant improvement over the industry standard
• eXp World Holdings operates without physical offices, providing a cost-effective and innovative alternative to traditional real estate brokers.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Box, Inc. recently reported its first-quarter fiscal 2025 results, which presented a mixed picture of the enterprise content management and storage company’s performance and strategic trajectories.
• Here’s a succinct summary of the core facets of the results and an investment thesis based on the details provided.
• Starting with the positive aspects, Box, Inc. achieved a revenue growth rate of 5% year-over-year, with an 8% increase on a constant currency basis, indicating a resilient top-line growth despite overarching economic pressures.

• Boston Scientific Corporation reported robust first-quarter 2024 results that exceeded expectations, driven by an expansive and diversified product portfolio and effective execution across its various business units.
• The company achieved an impressive 15% operationally and 13% organically in sales growth, surpassing the high-end guidance range of 7% to 9%.
• Additionally, all business units and regions recorded notable double-digit growth during the quarter, reflecting strong market penetration and execution.

• Avantor delivered its first quarter results, reporting a revenue of $1.68 billion which aligns with their previous guidance, however showing an organic decline of 6.3%.
• This reflects continuous tough market conditions similar to the previous quarter.
• Notably, their adjusted EBITDA margin rose impressively to 16.8%, and the company achieved an adjusted EPS of $0.22, both figures surpassing expectations.

• Cable One has demonstrated a mixed performance in the first quarter of 2024, marked by a decrease in total revenues from the previous year, coinciding with competitive turbulence mainly from emerging fixed wireless and additional fiber competitors.
• Total revenues recorded were $404.3 million compared to $421.9 million in the prior year quarter, largely driven by a significant drop in video subscribers.
• Despite this, the company showcases operational resiliency and strength in residential broadband customer base growth, with an increase of approximately 6,900 new customers, hinting at successful adaptations to a changing market environment.

• Mega cap stocks like Nvidia, Alphabet, and Microsoft surpass lofty market expectations, in the latest earnings season leading to continued rallies. 
• Profits from AI innovations are accumulating predominantly at the bottom of the supply chain, benefiting large hardware and cloud service providers. 
• Smaller tech companies, including Salesforce, MongoDB, and Dell, have experienced sharp corrections due to lofty expectations and their limited capacity to generate significant AI revenue.

• BTC faces headwinds as global liquidity contracts, impacting recent price action.
• Spot BTC ETFs initially fueled highs, but inflows and volumes are now declining.
• Crypto markets need a major catalyst to counteract waning liquidity support.

• US oil rig count falls to 485 as of the week ending on 21/June, its lowest since January 2022.
• US oil and gas rig count is falling as producers prioritize shareholder returns over increasing output.
• Rising labour and equipment costs along with macroeconomic uncertainties further discourage producers from adding rigs.  

• Nu Ride is a SPAC with $2.5 per share in cash and $1 billion in net operating losses
• Company has $2.9 per share of net cash and $2.0 per share of perpetual preferred held by Foxconn
• Ongoing litigation actions against Foxconn and former executives could result in potential increase in net cash value to $4.5 per share

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• We are reiterating our Buy rating.
• $10 price target and projections for Vera Bradley after visiting stores in Long Island and Connecticut.
• With the soft launch of “New Day” set for July 11th (and formal premier on July 15th, June is, with one major exception, a month for the stores to clear goods and prepare for the new offerings; replenishment has been placed on hold and the end-of-season sales have been moved up to drive lower inventories and reduce the stresses from rolling out new looks at the main line stores and shifting older goods to the outlets.

• Fund managers recently reduced their broad commodity position as well as energy position, compared to last month, according to the latest BofA survey.
• Compared to the long-term z-score, fund managers are now heavily under-positioned in energy but close to neutral positioned in broad commodities.
• In a recent note, Goldman Sachs explained their views about commodities if inflation would re-accelerate again – or in detail beat the market estimates and lead to an inflation upside surprise.

• LNC is poised for growth in the U.S. life insurance market due to improving fundamentals, positive earnings per share revisions, and an attractive valuation
• Despite past challenges with capital and credibility, management has successfully addressed issues and reshaped the business, leading to a clear roadmap for future growth
• With potential catalysts on the horizon, LNC has significant upside potential and the possibility of a shift in investor sentiment in the near future.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• It was only a matter of time. Today, Mt. Gox confirmed that it will begin distributing its Bitcoin and Bitcoin Cash holdings to creditors, primarily former clients, starting in July.
• The announcement did not specify the exact date or the timeline for the repayments.
• The crypto market reacted poorly to this news, with Bitcoin dropping nearly 4% since the announcement this morning.

• Aviat Networks has successfully turned around its business in the telecom equipment sector despite challenges
• The company has outperformed larger competitors by focusing on execution during the COVID boom-bust cycle
• Despite investor caution due to competitive landscape and poor sector valuations, Aviat Networks’ fundamentals are strong and outpacing its stock performance, positioning it well for future growth

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Spruce Power Holding Corporation (Spruce) is one of the largest third-party owner-operators of residential solar assets.
• The company is not an installer of solar assets and instead grows through the acquisition of mature portfolios of residential solar assets and contracts.
• Spruce’s portfolio consists of residential solar power purchase agreements (PPAs) and solar lease agreements (SLAs) and has grown at a 29% CAGR since 2018, reaching 75,000 home solar assets and contracts. 

• According to Graph 1, during the period February 28th , 2024 – May 31st , 2024, a mixed trend was reflected in the prices of crude oil futures amid fluctuations.
• During the period under consideration, there was a notable increase in the price of crude oil until April 8th , 2024, whereas thereafter crude oil prices followed a downward trend returning to the levels seen at end of February 2024.
• The MA- 10 was recorded to perform higher than MA-20 from the beginning, whereas on April 23rd the MA-20 took over and started trading above the MA 10 until the end of the period under consideration.

• Everest Group has sustainable and improving 15-20% ROEs
• Stock trades at a valuation of 1.2x book and 6x P/E
• Poised for future success with accelerating casualty pricing, stable property-cat rates, and potential for hitting 90 combined ratio target

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• ACRC is a biotech pharma micro-cap company trading below its net cash value
• Downsized workforce after a failed phase 2 trial, CEO and CMO left prompting strategic evaluation
• Activist investors involved, potential for monetization of stakes to benefit shareholders.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• During the period under consideration, i.e. April 3rd, 2024 to May 3rd, 2024, the EUR/USD pair posted both downward and upward swings.
• In the beginning, it faced a slight increase, while from April 9th until April 18th the pair faced a sharp decrease.
• After that, it fluctuated sideways and by the end of the period the pair traded at a higher level but still below the price level of the start of April. 

• Never a pioneer, instead a perfectionist in delivering mind bending experience. That’s what Apple has stood for traditionally. Can it repeat the act in the Gen AI era? 
• Siri to have advanced language comprehension and Writing Tools to deliver useful features to drive convenience and productivity. 
• Private Cloud Compute ensures user data remains encrypted and secure. Reflects Apple’s commitment to privacy amidst growing concerns surrounding data misuse.

• On June 24, Crowdstrike Holdings (CRWD US) will officially join the S&P 500, which follows strong financial results and guidance. Investors anticipated this inclusion, driven by improved profitability and operational efficiency.
• The volume traded has so far been on average 2x the 3-month daily average prior to the news. The enduring effect will be on liquidity (hedging basket for index exposure).
• CrowdStrike’s inclusion in the S&P 500 index increases the representation of pure cybersecurity stocks. Median IBES consensus PT is $400 (7.5% upside).

• The gap between OPEC and IEA’s oil demand forecasts widened: OPEC kept its 2024 forecast at 2.25m bpd, while IEA lowered its forecast to 960k bpd from 1.1m bpd.
• Europe’s attempt to cut Russian LNG imports grows stronger, as the French Senate Committee recommends cutting Russian dependence.
• Since 17/June, Energy majors began recovering. Berkshire increased its holdings in Occidental, while Shell expanded its LNG market access by acquiring Pavilion Energy.

• Back in 2016, IMS Health and Quintiles went through a merger of equals to form “QuintilesIMS” which was later renamed to be “IQVIA” in 2017.
• “I” and “Q” stand for IMS Health and Quintiles respectively and “VIA” means “by way of”.
• Since IMS and Quintiles both used to be separate public companies, let me discuss these two businesses separately at first before getting into the details of their post-merger status.

• Today’s edition of Crypto Moves builds on this week’s Crypto Crisp, where we advocated a bullish outlook on the crypto market.
• I have examined all of our charts to find every reason to maintain a long position in the current crypto market. Let us dive in.
• From this week onwards, we anticipate a significant increase in liquidity over the next few months. This liquidity forecast model has been highly accurate in recent months.

Key points

• United Parks & Resorts (PRKS) is proposing a $500 million share repurchase authorization to decrease share count and float significantly at current prices.
• The buyback, if approved, could be completed by the end of 2024 and potentially drive double-digit EBITDA growth, leading to an 80% increase in stock price to $100.
• With a leverage of 2.5x EBITDA, the company may also be a candidate for sale or privatization, with Hill Path ownership increasing to 49% and potential for significant premium buyouts.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• SPRB is developing tildacerfont, a second-generation CRF1 antagonist for CAH treatment
• Recent Phase 2 trial failure doesn’t negate potential, but upcoming trial results are more relevant
• Market overreaction to negative news creates attractive opportunity for investors, with upside potential and downside protection for SPRB

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Perfect Corp. provides an AI and machine learning based B2B SaaS platform for virtual try on and marketing of beauty and fashion products as well as six mobile apps sold B2C for makeup suggestions, try-on, tutorials, photo and video editing and most recently, Gen AI creation and editing.
• It is expanding its offering to new verticals and has strong IP as well as the largest database for AI training in the industry.
• It has a dominant market share and serves almost all the major beauty brands worldwide.

• The first quarter earnings of J&J Snack Foods Corporation (J&J) highlights several aspects of the company’s financial health and operational performance.
• The company’s Q1 2024 results were influenced by a challenging consumer environment, with many customers witnessing yearly declines in consumer traffic and consumption.
• To counteract these trends, J&J leveraged its popular brands to optimize sales opportunities, resulting in less than a 1% sales decline.

• SharkNinja is a newly listed company with popular consumer brands Shark and Ninja
• Despite challenges in brand-building and international markets, the company achieved a 15% operating margin in 2023
• Analysts project an annualized return of 18-20% based on current earnings yield and expected organic earnings growth

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• This is our first report on apparel major, Kontoor Brands Inc. The company released its financial results for the fourth quarter and fiscal year 2023 in its recent earnings conference call.
• The company’s Vice President, President, Chief Executive Officer, Co-Chief Operating Officer, and Chief Financial Officer were on the call to provide insights on Kontoor’s business accomplishments and forecasts.
• One crucial undertaking announced in the conference call was Project Jeanius.

• This is our first report on Adient, a global leader in automotive seating.
• The company has continued to focus on business performance, launch execution, and continuous improvement in FY 2024.
• Some highlights in the first fiscal quarter of 2024 include a total revenue of $3.7 billion, a slight decrease compared to the previous year’s first quarter, and an adjusted EBITDA totalling $216 million, reflecting an increase of 2%.

• Buy long positions in OPI 4.5 2/1/25 bonds, currently trading at 83 with a 28% yield
• Company has 11 months to refinance bonds with Moelis assisting in debt restructuring
• With 5.3B in total assets and 1.74B already pledged as collateral, company has enough to secure upcoming 650M maturity

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• We are reiterating our Buy rating, $25 price target and projections of a.k.a. Brands after touring the company’s Culture Kings store in Las Vegas and Princess Polly unit in Los Angeles.
• We believe both locations represent impressive retail units which will allow for continued growth (and high returns) going forward, as a.k.a. expands their retail footprint, with three new Princess Polly stores on track for a 2H24 opening.
• As such, we remain excited by the potential for the ongoing turn at the company, which we believe will be even further driven by continued retail expansion, and reiterate our Buy rating and $25 price target for AKA.

• We are reiterating our Buy rating and $3 price target for Vince Holding Corp. after the company reported slightly better-than expected 1QFY24 (April) results and reiterated FY24 guidance.
• We believe, as the Vince operating model continues to normalize in FY24, it will become increasingly clear to investors the material positives at Vince, from a focus on full price selling, strong wholesale order book, continuing emphasis on higher overall returns and a strengthening balance sheet, which we believe will drive a higher valuation for VNCE, especially with momentum ramping even higher from a “normalized” 2HFY24.
• As such, we reiterate our Buy rating and $3 price target for VNCE.