Daily Brief United States: Amer Sports , S&P 500 INDEX, nCino, Marathon Digital Holdings, Calumet Specialty Products Par, Silicon Laboratories, Johnson & Johnson, Build A Bear Workshop, Vontier Corp, Squarespace and more

• Amer Sports (AS US) now aims to raise up to US$1.8bn in its US IPO. Proceeds from the listing will be used to pay down debt to the Anta-led consortium.
• Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.
• We have looked at the company’s performance in our past note. In this note, we talk about valuations.

• The SPX, Nasdaq 100, and DJI breaking out to new all-time highs following 3-week consolidations. Russell 2000 (IWM), S&P 400 (IJH), Vanguard ExtendedMarket (VXF), countless other Sectors/industries breaking out also.
• This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook.
• Software, Data Storage buys: NTAP, NTNX, DBX, VRNS, and CVLT. Investment Banking & Brokerage, Mid-Cap buys: JEF, SF, EVR, MC, and LAZ

• This is our first report on SaaS player, nCino Inc.
• The company’s third quarter fiscal 2024 performance presented both opportunities and challenges in the midst of a complex economic environment.
• The company announced a significant product win in relation to a consumer lending deal with an enterprise bank in the United States of over $200 billion.

• This is our first report on Marathon Digital Holdings, a renowned cryptocurrency technology company.
• Improved operational efficiency also resulted in a lower cost per bitcoin mined and a drop in all-in cost per coin.
• In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Key points (machine generated)

• Calumet is expected to experience positive catalysts in the next six months despite facing challenges such as its MLP structure, operational issues, and credibility concerns.
• The company has the potential to generate significant EBITDA numbers from its Specialty and MRL divisions, indicating strong growth prospects.
• The Performance Brands and legacy refinery businesses are also expected to contribute to EBITDA, assuming favorable market conditions.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• This is our first report on fabless semiconductors player, Silicon Labs.
• The third quarter of 2023 has been a difficult period for Silicon Labs amidst a backdrop of weak demand and heightened inventory levels.
• In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

• Like everyone else on the planet, Calcbench has been relieved to see the covid-19 pandemic recede into the background of daily life.
• Now, however, Johnson & Johnson ’s latest earnings report gives us a glimpse of what that fade means for corporate earnings.
• J&J ($JNJ) filed its earnings report on Tuesday morning .

• We are reiterating our Buy rating, $41 price target and projections for Build-A-Bear Workshop after visiting stores in Connecticut and Long Island.
• January is a key month for Build-A-Bear, as the company enjoys material traffic from gift card purchases post-Xmas and almost immediately thereafter shifts to the key Valentine’s Day season.
• As such, we are reiterating our Buy rating and $41 price target for BBW.

• This is our first report on critical technical equipment, components, software, and services provider, Vontier Corporation.
• The company, in its latest earnings, exhibited noteworthy progress in its strategies and performance for the third quarter.
• The top-line performance recorded for the quarter outperformed expectations with baseline core revenue growth of 10%, reflecting gains from the company’s connected mobility strategy.

• This is our first report on renowned brand building platform operator, Squarespace Inc.
• The company’s Q3 2023 results reinforced growth potential bolstered by expansions and strategic acquisitions.
• The company posted 18% revenue growth expanding on unlevered free cash flow margin of 21% and surpassing $1 billion in annual run rate revenue for the first time—demonstrating the strength of their core business.