In today’s briefing:
- ATNI: Leveraging the Network
- Expecting Russell 2000 (IWM) Breakout Above $199; Highlighting Buys in Energy
- Fiserv Inc: Can The New AppMarket Offering For Financial Institutions Aid Revenue Growth? – Key Drivers
- Moody’s Corporation: Recent Acquisitions
- Lam Research Corp: 4 Major Drivers That Can Lam Research to New Heights! – Financial Forecasts
- Gaia, Inc. – Reports Continued Member Growth in a Seasonally Weak Quarter
- The Energy Cable #31 – Crack Spreads and Positioning Support the Bull-Case!
- Chubb Limited: Is The New Cyber Central Tool Streamlining Insurance Coverage? – Key Drivers
- 3M Company: 4 Key Factors Driving Growth! – Financial Forecasts
- AT&T Inc: Collaboration With Cherish Health & Other Developments
ATNI: Leveraging the Network
- ATNI is in the last stretch of its capital expenditure spending plan and subscriber count is beginning to support the larger and faster network
- ATNI has grown the number of high-speed broadband and mobile customers, which is fueling the efficiency in the operating model.
- The transition away from wholesale wireless roaming to network management should further improve the operating structure of the business.
Expecting Russell 2000 (IWM) Breakout Above $199; Highlighting Buys in Energy
- We continue to believe the path of least resistance is higher for the major equity indexes, which has been our stance since our 5/30/23 ETF Pathfinder.
- Beginning with our 7/18/23 Compass, we discussed our expectation for major 1+ year breakouts on the equal-weighted S&P 500 (RSP), Dow, and Russell 2000 (IWM).
- The breakouts happened later that day on the RSP and Dow (above $153 and 34,280, respectively), and the IWM is now on the cusp of breaking out above $199.
Fiserv Inc: Can The New AppMarket Offering For Financial Institutions Aid Revenue Growth? – Key Drivers
- Fiserv delivered a positive result and managed an all-around beat in the last quarter.
- With the continued success of their market-leading cloud-based operating system, Clover, and the unified commerce offering, Carat, Fiserv expects future growth acceleration.
- Other growth areas include digital payments and digital banking, expansion in Latin America, and opportunities presented by the cloud-native core banking system, Finxact.
Moody’s Corporation: Recent Acquisitions
- Moodys delivered a positive result and managed an all-around beat in the last quarter.
- Amid a consistent improvement in issuance, Moody’s Investor Services (MIS) had its first quarter of revenue gain in six quarters.
- Its revenue growth exceeded issuance growth by growing by 6%.
Lam Research Corp: 4 Major Drivers That Can Lam Research to New Heights! – Financial Forecasts
- Lam Research delivered a positive result and managed an all-around beat in the last quarter.
- Additionally, Lam Research experienced a decline in memory spending, particularly in the NAND segment, impacting its revenue concentration.
- Lam Research also announced its plans to advance India’s semiconductor workforce development goals.
Gaia, Inc. – Reports Continued Member Growth in a Seasonally Weak Quarter
Gaia reported sequential revenue growth and increased member count during its seasonally weakest quarter.
Revenues were $19.8 million versus $20.7 million in 2Q22, but up sequentially.
Member count was up 8,000 to 774,500.
The Energy Cable #31 – Crack Spreads and Positioning Support the Bull-Case!
- Welcome to your weekly maverick energy newsletter with views from both sides of the pond! Steno Research and 3Fourteen models align – see how we view the risk/reward in various proxy trades below!
- Apparently with the spikes in volatility over the last couple of weeks we need to talk about natural gas in Europe again.
- Various people have been harping about the Natural Gas markets in Europe, so let’s once and for all lay it out. Nooo, we are not going to run out of gas this winter.
Chubb Limited: Is The New Cyber Central Tool Streamlining Insurance Coverage? – Key Drivers
- Chubb managed to deliver a mixed set of results in its most recent result, with revenues below analysts’ expectations but above-par earnings.
- This quarter, Chubb experienced double-digit growth in its consumer and commercial P&C businesses in North America and abroad and in its life business.
- Commercial premiums increased in the quarter.
3M Company: 4 Key Factors Driving Growth! – Financial Forecasts
- 3M Company delivered a strong result and managed an all-around beat in the last quarter.
- Their cost management efforts and restructuring initiatives primarily drove these margin increases.
- We give 3M Company a ‘Hold’ rating with a revised target price.
AT&T Inc: Collaboration With Cherish Health & Other Developments
- AT&T delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.
- The last quarter for AT&T showcased the company’s strong execution of its strategic vision, resulting in continued growth and progress toward its objectives.
- Their fiber business has also succeeded, substantially increasing AT&T Fiber net adds, driving higher penetration rates and broadband revenues.
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