Daily Brief United States: Bitcoin, Corn Active Contract, Emerson Electric Co, Cocoa Futures, Build A Bear Workshop, Douyu International Holdings, Lsi Industries and more

• The weekend did not go as expected.
• The attack on Israel by Iran, which occurred overnight between Saturday and Sunday, had a noticeable impact on the crypto market.
• This led to Bitcoin and Ethereum dropping by 8% and 12% respectively by Sunday.

• Corn prices are presently being pressured by ample supplies owing to the record US harvest.
• Corn prices face an upside risk owing to elevated demand for ethanol and supply uncertainty from the South American harvest.
• Premium for long-dated corn futures over near-term futures is on the rise. A calendar spread can be used to express this view. 

• Emerson has undergone significant portfolio transformations, reducing from five business lines to two by 2021
• Incoming CEO Lal Karsanbhai announced strategic actions including selling InSinkErator and a majority stake in Climate Tech, while acquiring stakes in AspenTech and National Instruments
• These moves aimed to further position Emerson as a provider of commercial refrigeration systems, consumer controls, software for process industries, and digital test equipment.

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.

• Last week’s inflation data surprised market participants on the upside. CPI YoY: 3,2% vs. 3,1% estimate. Core CPI m/m: 0,4% vs 0,3% estimated
• Even larger was the upside surprise in the PPI data. Friends of the 70s double-dip inflation scenario will probably love this chart.
• Take a closer look at the 70s and how inflation recovered before it take of in the late 70s for another rip higher.

• We are reiterating our Buy rating, $41 price target and projections for Build-A-Bear Workshop after meeting with management in their St.
• Louis headquarters.
• We believe there remain multiple near and longer term growth opportunities for the company, as they expand the product, places and prices they offer “Furry friends” and further leverage the trusted Build-a-Bear brand name.

• Douyu, a Chinese gaming livestreaming platform with Tencent as a major stakeholder, is facing challenges from competition and a stagnant market growth.
• The company has cut costs and is now operating at breakeven, with a significant amount of cash in US dollars available for distribution or capital allocation.
• Despite the risks associated with the stock and sector, Douyu presents a potentially attractive investment opportunity as its stock is trading at only 28% of its net cash value.

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.

• LSI Industries, Inc. (LYTS) provides corporate visual image solutions in various markets through its Lighting and Graphic segments
• The company focuses on maintaining a strong balance sheet and generating sustainable free cash flow to drive up share price
• Management’s dedication to shareholder value makes LSI Industries an attractive investment opportunity with a double-digit FCF yield

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.