In today’s briefing:
- AbbVie Inc.: An Analysis Of Its Immunology Market Expansion, Oncology Pipeline & ADC Strategy!
- Oracle Is Quietly Dominating AI Cloud — 57% OCI Surge and a Game-Changing Data Platform!
- StubHub Holdings (STUB): Scalable Secondary Ticket Marketplace Company Files for IPO
- Gold’s Tactical Outlook and Profit Targets: Currently Peaking, But Pullback Is a Buy Opportunity
- MPLX LP: An Insight Into Its Natural Gas and NGL Value Chain Expansion & Critical Growth Levers!
- Jabil Inc.: Will Its Growth In Intelligent Infrastructure and AI Growth Last Over The Coming Quarters?
- The New York Times Company: Growth in Digital Subscriptions & Revenue Fueling Our ‘Outperform’ Rating!
- Asia base oils demand outlook: Week of 24 March
- Americas/EMEA base oils demand outlook: Week of 24 March
- FactSet Is Quietly Taking Over the Buy-Side—Here’s What Investors Need to Know!
AbbVie Inc.: An Analysis Of Its Immunology Market Expansion, Oncology Pipeline & ADC Strategy!
- AbbVie Inc. concluded 2024 with robust performance metrics, highlighted by a notable return to growth, despite significant challenges such as the $5 billion U.S. Humira sales erosion due to biosimilar competition.
- The company reported a total revenue of $56.3 billion, surpassing its initial guidance by over $2 billion, with adjusted earnings per share recorded at $10.12, which is $0.49 above their previously forecasted midpoint.
- On a segmented basis, AbbVie’s “ex-Humira” platform, consisting primarily of Skyrizi and Rinvoq, demonstrated substantial growth.
Oracle Is Quietly Dominating AI Cloud — 57% OCI Surge and a Game-Changing Data Platform!
- Oracle Corporation’s third quarter fiscal year 2025 earnings report indicated significant strategic advancements and robust financial performance, balanced by some challenges.
- On the positive side, the company reported a record $48 billion addition to its backlog, bringing the remaining performance obligations (RPO) to $130 billion, which represents a 63% increase year-over-year.
- This growth suggests strong demand for Oracle’s cloud services, which is a key positive indicator for future revenue streams.
StubHub Holdings (STUB): Scalable Secondary Ticket Marketplace Company Files for IPO
- Operator of one of the largest global secondary ticketing marketplace for live event, StubHub Holdings, filed for an IPO on Friday, March 21st.
- Their revenue was $1,770.6 million, $1,367.7 million and $1,036.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.
- GMS increased from $6.85b –> $8.67b from 2023 to 2024 representing a 26.5% increase
Gold’s Tactical Outlook and Profit Targets: Currently Peaking, But Pullback Is a Buy Opportunity
- Gold (GOLD COMDTY) has been rallying up without stop for the past 13 weeks (only pause was a 1 week pullback at the end of February).
- The commodity looks overbought WEEKLY according to our tactical model, there is a chance that it will pullback this week or the next (although it could rally for longer…).
- Several players are buying Gold (GOLD COMDTY) and we do not see any sharp pullback on the horizon, obviously, any pullback is a BUY opportunity. We’ll discuss where to buy.
MPLX LP: An Insight Into Its Natural Gas and NGL Value Chain Expansion & Critical Growth Levers!
- MPLX, the midstream energy company, reported its fourth quarter and full-year 2024 results, highlighting strategic progress and robust financial performance.
- In 2024, MPLX achieved a full-year adjusted EBITDA of $6.8 billion, marking an 8% rise compared to the previous year, underpinned by strong operational performance across its renamed business segments: Crude Oil and Product Logistics and Natural Gas and NGL Services.
- This marks the fourth consecutive year of mid-single-digit adjusted EBITDA growth, with a compound annual growth rate of 7% since 2021.
Jabil Inc.: Will Its Growth In Intelligent Infrastructure and AI Growth Last Over The Coming Quarters?
- Jabil Inc. reported strong financial results for its second quarter of fiscal year 2025, delivering $6.7 billion in revenue and highlighting a year-on-year growth of 3% when adjusted for divestitures.
- Core operating income was reported at $334 million, with a core operating margin of 5%.
- On a GAAP basis, the company reported operating income of $245 million and diluted earnings per share of $1.06.
The New York Times Company: Growth in Digital Subscriptions & Revenue Fueling Our ‘Outperform’ Rating!
- The New York Times Company reported its fourth quarter and full-year financial results for 2024, highlighting solid performance across key operational and financial metrics.
- The company continued to focus on its essential subscription strategy, aiming to expand its subscriber base and diversify its revenue streams.
- In 2024, New York Times Company added over 1.1 million digital subscribers, bringing its total subscriber count to 11.4 million.
Asia base oils demand outlook: Week of 24 March
- Asia’s base oils demand could hold steady even with high heavy-grade prices and seasonal slowdown in consumption at start of Q2 2025.
- Asia’s lube demand likely to peak in month of March, before holding at lower levels over following months.
- Lube demand in Q2 2025 likely to remain well above levels in Q1 2025 even with slowdown at start of Q2 2025.
Americas/EMEA base oils demand outlook: Week of 24 March
- US base oils demand likely to get support from seasonal pick-up in requirements that coincides with round of plant maintenance work.
- Mostly-steady outright base oils prices so far this year contrast with higher prices in other markets.
- Steady export base oils values vs VGO so far this year contrast with slump, then surge in base oils values from H2 March 2024.
FactSet Is Quietly Taking Over the Buy-Side—Here’s What Investors Need to Know!
- FactSet’s second-quarter 2025 results showcase mixed outcomes amid a challenging market environment.
- The company reported a year-over-year organic Annual Subscription Value (ASV) growth of 4.1%, an adjusted operating margin of 37.3%, and adjusted diluted EPS of $4.28.
- Positives encompass the robust performance in the Asia Pacific region, where organic ASV grew by 7%, driven by strong sales of data solutions across various client segments, and a resurgence in the wealth segment, evidenced by strategic wins such as the UBS contract for adviser desktops.
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