United States

This is our first report on Truist Financial Corporation, one of the largest regional banks in the United States.
Truist opened 146,000 bank accounts online.
We initiate coverage on the stock of Truist Financial Corporation with a ‘Hold’ rating.

XRP Volume Surpasses BTC Following Landmark Ruling

By Kaiko

After years of waiting, Ripple finally got a ruling in their highly anticipated lawsuit with the SEC: the company did not violate federal securities law by selling its XRP token on public exchanges.
The market reaction was near instantaneous.
Since Thursday, XRP is up 61% and several exchanges that had previously de-listed the token, including Coinbase and Kraken, immediately re-listed it.

GlobalFoundries Inc.: Initiation of Coverage – Increasing Manufacturing Capacity & Other Drivers

This is our first report on GlobalFoundries Inc, a multinational semiconductor contract manufacturing and design company.
Despite these challenges, the company observed healthy demand in growing segments such as industrial IoT, aerospace, defense, and automotive markets.
Throughout the quarter, GlobalFoundries demonstrated its dedication to executing targets, delivering value to customers, and sustaining its position in the industry.

Ameriprise Financial Inc.: Initiation of Coverage – Independent Channel Expansion & Other Drivers

This is our first report on investment management behemoth, Ameriprise Financial.
Ameriprise had a great quarter, with revenues increased by 3% to $3.7 billion, driven by Advice & Wealth Management’s double-digit growth.
Additionally, Ameriprise experienced good growth in its educational loan business as well as great growth in its certificate business.

How Much Do Commodity Prices Rise when Fertilizer Prices Rise?

By The Commodity Report

Global crop production growth will mainly be driven by continued progress in plant breeding and a transition to more intensive production systems.
Yield improvements are projected to account for 79% of global crop production growth, cropland expansion for 15%, and higher cropping intensity for 6% over the outlook period.
Global growth of sugar consumption will be driven entirely by Africa and Asia, with demand projected to surge in areas where the level of per capita intake is currently low.

The Travelers Companies Inc.: Initiation of Coverage – Business Strategy & Other Drivers

This is our first report on The Travelers Companies, a well-known property and casualty insurance provider.
The Travelers Companies kicked off the year on a high note, boasting impressive bottom-line results for the first quarter despite the surge of severe weather events across the United States.
The Business Insurance segment particularly stood out with its strong profitability and growth.

Ocean Power Technologies, Inc. – 4Q23 Results: Net Loss Widens

Ocean Power Technologies reported 4Q23 revenue of $0.1 million, up 29.6% Y/Y from $0.8 million in 4Q22 driven by sales of WAM-V autonomous vehicles and an increase in strategic consulting services.
OPT completed a $0.5M extension of its lease contract to continue providing their WAM-V to a U.S. Government agency.
The company deployed the scalable MOSWEC PowerBuoy, as part of US DoE Phase II development project worth $1.1m.

Exxon Mobil: Investor Pessimism Is Creeping Up And This Is Good News For Long-Term Holders

Exxon Mobil’s share price has come under pressure in recent months as investor sentiment shifts.
It is too early to consider this retracement as an attractive buying opportunity as short-term headwinds are to be expected.
Exxon’s management continues to make the right moves from a capital allocation point of view.

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Jul 17

Daily Brief United States: Whole Earth Brands Inc and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

A Spoonful of Reality

A Spoonful of Reality

By subSPAC

Whole Earth Brands, a sustainable sweetener firm, has seen a slowdown in growth, tightening margins, and rising debt since going public.
Despite the odds, the company is countering these challenges with a strategy that includes cost reduction, improved distribution, and portfolio expansion.
A recent buyout proposal from the company’s largest shareholder has added a new dimension to the company’s future.

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Jul 16

Daily Brief United States: Allstate Corp, Bank Of New York Mellon, Molson Coors Brewing Co B, State Street and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

The Allstate Corporation: Initiation of Coverage – What Is Its Biggest Competitive Advantage? Financial Forecasts
Bank of New York Mellon Corp: Initiation of Coverage – Business Strategy & Other Drivers
Molson Coors Beverage Company: Initiation of Coverage – Diversification
State Street Corporation: Initiation of Coverage – Business Strategy & Other Drivers

The Allstate Corporation: Initiation of Coverage – What Is Its Biggest Competitive Advantage? Financial Forecasts

This is our first report on one of the largest insurance companies, the Allstate Corporation.
The company had a mediocre quarterly result and saw a 26% year-over-year increase in total revenues, totaling $13.8 billion.
This was fueled by a rise in premiums, investment income, and realized capital gains, with total premiums showing a 9% year-over-year growth to reach $12.5 billion, driven by growth across all segments, especially the auto insurance segment which grew 11% year over year.

Bank of New York Mellon Corp: Initiation of Coverage – Business Strategy & Other Drivers

This iThis is our first report on a global custodian and asset management behemoth, Bank of New York Mellon Corp.
This After a surge in deposit balances following recent market fluctuations, BNY Mellon finished the quarter slightly higher than its starting point.
The company’s broader liquidity platform, managing over $1.3 trillion of cash and short-term investments, witnessed growth in most channels.

Molson Coors Beverage Company: Initiation of Coverage – Diversification

This is our first report on global beverage giant, Molson Coors Beverage Company. has exhibited commendable resilience this quarter, particularly with their premium light brands in the U.S.
Their brands, Coors Light and Miller Lite, registered double-digit revenue growth, significantly aided by their first Super Bowl campaign in over three decades.
We initiate coverage on the stock of Molson Coors Beverage Company with a ‘Hold’ rating.

State Street Corporation: Initiation of Coverage – Business Strategy & Other Drivers

This is our first report on State Street, a prominent provider of asset servicing and other financial services in the U.S.
The company experienced a varied market performance in the second quarter due to continued strength in developed equity markets, weakness in emerging markets, and a subdued market environment.
State Street onboarded $1.2 trillion of Assets Under Custody/Administration (AUC/A) primarily through the State Street Alpha platform, underscoring its effectiveness.

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Jul 14

Daily Brief United States: Levi Strauss & Co, Dish Network Corp A, Western Digital, Cf Industries Holdings, Fmc Corp, MariMed, MillerKnoll, Pure Storage Inc, Qorvo Inc, Qualys Inc and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Levi Strauss & Co.: Driving Growth with DTC
DISH Network Corporation: Major Drivers
Peloton Interactive Inc.: An App Update That Could Shake Up The Fitness World? – Key Drivers
CF Industries: Decarbonization of the Agriculture Supply Chain & Other Drivers
FMC Corporation: Major Drivers
MariMed, Inc. – MariMed Revolts Against 280E
MillerKnoll, Inc. – 4Q23 Results Top Expectations
Pure Storage Inc.: What’s Next for Their Evergreen Subscription Services? – Key Drivers
Qorvo Inc.: A Striking Performance Amidst a Difficult Demand Environment – Key Drivers
Qualys Inc.: Could The Cowbell Partnership Change The Face Of Cybersecurity & Insurance? – Key Drivers

Levi Strauss & Co.: Driving Growth with DTC

Levi Strauss managed to exceed analyst expectations in terms of revenue as well as earnings.
Starting with Levi’s brand, they increased market share this quarter, establishing share leadership in the United States among the important 18- to 30-year-old target consumer group, and they continue to increase share in women’s denim bottoms.
The Levi’s brand increased by 9% in the quarter, with their men’s bottoms business reaching a significant level in Q1 and women’s bottoms generating its highest revenue of any quarter.

DISH Network Corporation: Major Drivers

DISH’s results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.
In the last quarter, the company faced a cybersecurity incident, leading to disruptions in its network and operations.
Financially, the incident resulted in approximately $30 million in expenses for remediation and additional support, impacting DISH TV disconnects and churn.

Peloton Interactive Inc.: An App Update That Could Shake Up The Fitness World? – Key Drivers

Peloton Interactive delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but below-par earnings.
Their management believes they are in a considerably better situation from the cost structure standpoint.
We give Peloton Interactive, Inc. a ‘Hold’ rating with a revised target price.

CF Industries: Decarbonization of the Agriculture Supply Chain & Other Drivers

CF Industries Holdings managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.
The company had net earnings of $560 million for the first quarter of 2023.
We give CF Industries Holdings, Inc. a ‘Hold’ rating with a revised target price.

FMC Corporation: Major Drivers

FMC delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.
North America experienced a substantial quarter with significant sales growth, driven by high customer demand, price increases, and a favorable product mix.
Despite revised market conditions, FMC’s management is confident about achieving revenue growth through pricing gains, new product offerings, and expanded market access.

MariMed, Inc. – MariMed Revolts Against 280E

On July 12th, MariMed stormed Boston Harbor to protest the unfair tax treatment of US cannabis companies.
The Boston Tea Party was a protest in 1773 where American colonists dumped British tea into the harbor to protest unfair taxation.
It fueled the push for independence and played a crucial role in the lead-up to the American Revolution.

MillerKnoll, Inc. – 4Q23 Results Top Expectations

After the market close on 7/12/2023, Miller Knoll reported Q4 non-GAAP EPS of $0.41 (as adjusted), beating our estimate and consensus estimate, each at $0.39.
Additionally, revenues of $956.7MM (above the mid-point of the $930MM to $970MM guidance) beat our $936MM and consensus $942MM estimates. GAAP EPS was $0.00.
Guidance always merits significant investor attention. Management guided historically only to the current quarter.

Pure Storage Inc.: What’s Next for Their Evergreen Subscription Services? – Key Drivers

Pure Storage managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
Q1 operating earnings of approximately $20 million exceeded expectations, despite higher-than-expected salary expenditures and their first sales kickoff event since 2020.
Besides, despite the positive initial reception to FlashBlade//E, Pure Storage expects a modest revenue increase in the second half of the year.

Qorvo Inc.: A Striking Performance Amidst a Difficult Demand Environment – Key Drivers

Qorvo delivered a strong result and managed an all-around beat in the last quarter.
Qorvo maintained factory production at unusually low quantities, which resulted in underutilization effects that adversely affected margins.
In the quarter, Qorvo expanded its design engagements with automotive Tier 1s for 5G network access devices.

Qualys Inc.: Could The Cowbell Partnership Change The Face Of Cybersecurity & Insurance? – Key Drivers

Qualys managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
Revenues increased by 15% to $130.7 million, with the channel continuing to contribute more and now accounting for 43% of overall revenues, up from 41% a year earlier.
Patch Management and CyberSecurity Asset Management contributed 10% of LTM bookings and 16% of LTM new bookings in Q1.

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Jul 13

Daily Brief United States: S&P 500 INDEX, Colgate Palmolive Co, Marsh & Mclennan Cos and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

EQD | S&P500 E-Mini (ES) DAILY SHORT, Speculative High-Probability Trade
Colgate-Palmolive: The Only Game In Town
Marsh & McLennan Companies: Expanding Their Business with Acquisitions & Other Drivers

EQD | S&P500 E-Mini (ES) DAILY SHORT, Speculative High-Probability Trade

By Nico Rosti

The S&P500 E-Mini (ES) is approaching a DAILY resistance level at a point in time where it could perform a quick reversal – a SHORT trade opportunity.
Watch the 4483-4525 price area, today is the 3rd consecutive day up, the reversal could begin in that area, today or tomorrow.
The probability for a quick reversal, after 3 days up, in the 4483-4525 price area, is between 67% to 79%, depending on the resistance levels reached.

Colgate-Palmolive: The Only Game In Town

Colgate-Palmolive’s share price performance over the past few years is not as grim as it might look on the surface.
Improving gross margin remains the only game in town for future shareholder returns, according to the company.
Colgate-Palmolive Company (NYSE:CL) is rarely seen as an attractive investment opportunity as the company significantly underperformed the S&P 500 and the consumer staples sector in particular over the past 5-year period.

Marsh & McLennan Companies: Expanding Their Business with Acquisitions & Other Drivers

Marsh & McLennan managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
The company had significant growth in most of its businesses, market sectors, and geographical areas, with Marsh, Guy Carpenter, and Mercer all experiencing faster underlying growth than in the previous quarter.
Guy Carpenter’s revenue was $1.1 billion, driven by solid growth in all areas and worldwide specializations, reflecting tighter reinsurance market conditions.

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Jul 12

Daily Brief United States: Moderna Inc, Netgear Inc, Square Inc, Sonos Inc, SS&C Technologies, Stanley Black & Decker, Sunpower Corp, Sunrun Inc, Teladoc Health, Inc., McCormick & Company and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Moderna Inc (MRNA US) – What Would Happen After Moderna Enters China?
NTGR: Easing Inventory Concern
Block: When A Flat Share Price Is A Cause Of Concern
Sonos Inc.: A Brave Attempt To Steer Clear of Macroeconomic Headwinds! – Key Drivers
SS&C Technologies Holdings: New Products
Stanley Black & Decker: Are The $200 Million Cost Savings Enough? – Key Drivers
SunPower Corporation: A Story Of Market Expansion and Digital Enhancements! – Key Drivers
Sunrun Inc.: A Game-Changing New Home Solar Offering! – Key Drivers
Teladoc Health Inc.: Can It Maintain Its Leadership Position In Digital Healthcare? – Key Drivers
McCormick & Company: A Spicy Investment Opportunity? – Key Drivers

Moderna Inc (MRNA US) – What Would Happen After Moderna Enters China?

By Xinyao (Criss) Wang

Moderna’s move into China helps ease its current performance difficulties. But China has its own regulations/policies on vaccines. Whether Moderna can successfully adapt/stand out in China remains to be seen.
The entire vaccine industry in China is expected to undergo significant changes. We listed the companies in this industrial chain that would benefit from the successful signing with Moderna.
An important signal behind this deal is that while significant differences remain at the top, mutually beneficial business cooperation between China and US will continue, providing investors with additional options/confidence.

NTGR: Easing Inventory Concern

By Hamed Khorsand

NTGR has spent the last two years adjusting to a consumer spending environment post pandemic and should begin to show greater benefits of the new business strategy
The inventory rebalancing at NTGR’s main retailers is mostly sorted out and NTGR has been putting greater emphasis on its super premium wireless systems
NTGR’s ability to generate free cash flow this year should improve investor sentiment in owning the stock.

Block: When A Flat Share Price Is A Cause Of Concern

Block’s share price has remained relatively flat over the past year, but that’s hardly good news.
The highly supportive outside environment was not able to propel the share price anywhere near its previous highs.
When adjusting for risks, Block remains as one of the worst performers within its peer group, according to analysts.

Sonos Inc.: A Brave Attempt To Steer Clear of Macroeconomic Headwinds! – Key Drivers

Sonos delivered a positive result and managed an all-around beat in the last quarter.
The reported revenues were slightly ahead of expectations, although there was a decrease compared to the previous year.
Sonos observed softening demand in the home theater category due to macroeconomic factors and increased competition but managed to gain market share.

SS&C Technologies Holdings: New Products

SS&C Technologies delivered a mixed set of results for the previous quarter with revenues above analyst expectations but below-par earnings.
With a focus on innovation and investment in key areas, SS&C Technologies saw growth in various segments, including alternatives, global investor and distribution services, retirement, and the Institutional and Investment Manager segment.
SS&C Technologies’ strong financial performance and customer satisfaction are anticipated to position the company as a trusted partner in the financial services sector.

Stanley Black & Decker: Are The $200 Million Cost Savings Enough? – Key Drivers

Stanley Black & Decker delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.
Stanley Black & Decker generated free cash flow of $1.1 billion, up 36% year-over-year, and returned $1.2 billion to shareholders through dividends and share repurchases.
We give Stanley Black & Decker a ‘Hold’ rating with a revised target price.

SunPower Corporation: A Story Of Market Expansion and Digital Enhancements! – Key Drivers

SunPower delivered a mixed set of results for the previous quarter with revenues above the analyst consensus estimates.
Despite challenges like unfavorable weather conditions in California and increased costs, its management remains confident in achieving its financial goals.
SunPower added many new customers, with revenue experiencing notable growth driven by price increases.

Sunrun Inc.: A Game-Changing New Home Solar Offering! – Key Drivers

Sunrun delivered a mixed set of results in its most recent result, with revenues above Wall Street expectations but below-par earnings.
Sunrun’s outlook includes guiding growth in solar energy capacity installed and an expected increase in storage attachment rates.
This service is designed to optimize the value of solar energy following California’s latest solar policy, the net billing tariff.

Teladoc Health Inc.: Can It Maintain Its Leadership Position In Digital Healthcare? – Key Drivers

Teladoc Health managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
Consolidated revenue grew by 11% year-over-year, exceeding their guidance range, and their consolidated adjusted EBITDA also exceeded expectations.
We give Teladoc Health a ‘Hold’ rating with a revised target price.

McCormick & Company: A Spicy Investment Opportunity? – Key Drivers

McCormick managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.
The company’s sales performance reflects the strength of its diverse worldwide portfolio as well as the successful implementation of its strategy.
Additionally, McCormick is extending into the quickly developing Mexican aisle with Cholula’s true Mexican flavor in new formats.

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Jul 11

Daily Brief United States: US Treasury (10 Yr Generic), Oddity Tech , Moderna Inc, Celsius Network, Kraft Heinz Co, Interpublic Group Of Companies, Jabil Circuit, Juniper Networks, KLA-Tencor Corp, AudioEye and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Shift in Rate Dynamics
Oddity Tech IPO Valuation Analysis: Growth and Profitability, Solid Upside With Limited Risk
Moderna (MRNA US): Second Product Submission Is Not Big Enough Needle-Mover
Celsius Liquidations Could Pressure Altcoin Markets
The Kraft Heinz Company: Winning the Market with Their Easy Meals and Taste Elevation! – Key Drivers
The Interpublic Group of Companies: Overcoming Challenges in Integrated Advertising & Creativity Led Solutions! – Key Drivers
Jabil Inc.: Harnessing AI to Transform the Industry – Key Drivers
Juniper Networks Inc.: 5 Reasons Why Their Business Is Growing – Key Drivers
KLA Corporation: The Growth Engines You Didn’t Know About! – Key Drivers
AEye, Inc. – New Management Focusing on Automotive First

Shift in Rate Dynamics

By Thomas Schroeder

US 10 year cleared the 4.90% resistance threshold as the market reprices Fed policy. This yield pop will have lasting effects.
3.85% is the key support with to supply rally energy.
Short term target comes in at 4.20% and MT resistance at 4.70% (but not in a strait line). A staircase move is expected.

Oddity Tech IPO Valuation Analysis: Growth and Profitability, Solid Upside With Limited Risk

By Andrei Zakharov

Oddity Tech, the owner of popular and fastest-growing global brands IL MAKIAGE and SpoiledChild, set terms for an upcoming IPO. The company offers ~10.5M Class A shares.
Selling shareholders (private equity firm L. Catterton and Oran Holtzman, Co-founder & CEO) offer ~8.77M Class A shares, while Oddity Tech offers ~1.75M Class A shares.
The net proceeds from the sale of Class A shares will be ~$41M. Oddity Tech will not receive any proceeds from the sale of shares by the selling shareholders.

Moderna (MRNA US): Second Product Submission Is Not Big Enough Needle-Mover

By Tina Banerjee

Moderna Inc (MRNA US) has submitted marketing authorization applications for the investigational RSV vaccine, mRNA-1345, in Europe and Australia and initiated submission process in the U.S.
Moderna anticipates to launch RSV vaccine in 2024 in US. Each year in US, approximately 60,000–120,000 older adults are hospitalized, and 6,000–10,000 of them die due to RSV infection.
This year, FDA has already approved two RSV vaccines, Arexvy from GSK and Abrysvo from Pfizer, which are scheduled to be launched in the U.S. by this fall.

Celsius Liquidations Could Pressure Altcoin Markets

By Kaiko

Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.
The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.
As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.

The Kraft Heinz Company: Winning the Market with Their Easy Meals and Taste Elevation! – Key Drivers

Kraft Heinz delivered a positive result and managed an all-around beat in the last quarter.
In the quarter, the company introduced It Has to be HEINZ, a new worldwide campaign that represents the brand’s first unification under a single creative approach.
We give The Kraft Heinz Company a ‘Hold’ rating with a revised target price.

The Interpublic Group of Companies: Overcoming Challenges in Integrated Advertising & Creativity Led Solutions! – Key Drivers

Interpublic Group of Companies managed to exceed analyst expectations in terms of revenue as well as earnings.
The company’s organic revenue before billable expenses was down 20 basis points compared to last year’s extremely high first-quarter organic increase of 11.5%.
We give the Interpublic Group of Companies a ‘Hold’ rating with a revised target price.

Jabil Inc.: Harnessing AI to Transform the Industry – Key Drivers

Jabil delivered a strong result and managed an all-around beat in the last quarter.
The company’s growth was driven by improved profitability in electric vehicles, healthcare, renewable energy infrastructure, and cloud sectors.
The healthcare sector also presents opportunities for Jabil, with increasing interest from OEMs seeking outsourcing manufacturing solutions.

Juniper Networks Inc.: 5 Reasons Why Their Business Is Growing – Key Drivers

Juniper managed to exceed analyst expectations in terms of revenue as well as earnings.
The enterprise business exhibited significant momentum, with double-digit revenue growth in key segments.
Additionally, Juniper experienced strong growth in its Mistified segment, propelled by Mist AI.

KLA Corporation: The Growth Engines You Didn’t Know About! – Key Drivers

KLA managed to exceed analyst expectations in terms of revenue as well as earnings.
The company’s revenue exceeded the guidance range and represented 6% year-over-year growth.
In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

AEye, Inc. – New Management Focusing on Automotive First

By Shifara Samsudeen, ACMA, CGMA

AEye is the global leader in adaptive, high- performance LiDAR solutions.
Its software-driven LiDAR platform (4SightTM Intelligent Sensing Platform [4Sight]) and its partnering and licensing business model are key to AEye’s differentiation and significant multi- market revenue runway.
Near term, there are 6+ automotive OEM nominations with six to 10 million LiDAR units providing more than $5 billion in gross revenue opportunity.

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Jul 10

Daily Brief United States: Bitcoin and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Bitcoin Gets The Nod

Bitcoin Gets The Nod

By Etherbridge

The bitcoin halving is officially insight, expected to occur in late April 2024.
Unlike bitcoins competitors for money like the US dollar or British pound, its monetary policy is programmatic, simple, immutable and transparent to its holders.
The upcoming halving will reduce the block subsidy to 3.125 BTC a block, trimming bitcoins issuance rate to 0.9%.

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Jul 08

Daily Brief United States: Black Sesame Technologies, Lululemon Athletica, Amazon.com Inc and more

By Smartkarma Daily Briefs | Daily Briefs, United States

In today’s briefing:

Black Sesame Pre-IPO: Earnings Show Strong Potential
Lululemon: Underestimated Is An Understatement
Amazon: Monetary Conditions Are In The Driver’s Seat And Higher Margins Are Already Priced-In

Black Sesame Pre-IPO: Earnings Show Strong Potential

Chinese autonomous driving chip maker (SoCs) Black Sesame Technologies (BLACKSES HK) has filed for HKEx IPO and plans to raise around US$200m which will be spent on R&D and commercialisation.
According to Frost & Sullivan, Black Sesame was ranked the third largest provider of automotive- grade high computing power SoCs, based on shipment in 2022.
The company is in early stages of commercialisation, and the top line has expanded significantly in 2022 with launch of SoCs in 2021. Black Sesame’s earnings show significant growth potential.

Lululemon: Underestimated Is An Understatement

By Pearl Gray Equity and Research

The company’s international sales growth is somewhat of a hidden asset, as the arena is underserved.
Lululemon’s regional brand exposure is expanding with new store openings.
The stock is theoretically undervalued, which is why the stock is undervalued.

Amazon: Monetary Conditions Are In The Driver’s Seat And Higher Margins Are Already Priced-In