In today’s briefing:
- DeFi Options Protocols Series (#4): Bringing Real World Risks On-Chain?
- Intel Corporation: Can The 4th Gen AI Capabilities and Global Expansion Plans Change The Game? – Key Drivers
- Loans, Buy Walls, and OTC Deals: The Curve Finance Exploit
- Riley Exploration Permian, Inc. – New Mexico Acquisition to Lift 2Q23 Results
- Comcast Corporation: Notable Advancements On The Xfinity X1 Platform! – Key Drivers
- T-Mobile US Inc.: Exploring the Massive Growth
- HNI Corporation – 2Q Preview: Adjusting 2QFY23 Estimate for Kimball Closing
- Mastercard Incorporated: A Groundbreaking Multi-Market Strategy & What It Means for Investors! – Key Drivers
DeFi Options Protocols Series (#4): Bringing Real World Risks On-Chain?
- Bringing yields from real-world assets on-chain is one of the major themes for DeFi, given the high interest rate environment.
- The natural extension to that would be bringing yields from real-world risks on-chain, a space that has not been explored extensively yet.
- DeFi options protocols could look to cover these real-world risks as they seek further growth.
Intel Corporation: Can The 4th Gen AI Capabilities and Global Expansion Plans Change The Game? – Key Drivers
- Intel Corporation delivered a positive result and managed an all-around beat last quarter, demonstrating ongoing financial improvement and validating its market approach.
- As per the management, Intel’s ability to successfully implement all of its process and product roadmaps is restoring consumer trust in the company.
- We give Intel Corporation a ‘Hold’ rating with a revised target price.
Loans, Buy Walls, and OTC Deals: The Curve Finance Exploit
- Curve Finance is back as the center of attention in DeFi just a few weeks after CEO Michael Egorov’s large CRV-backed loans drew scrutiny.
- This time, however, the inciting incident was an exploit.
- Rekt and Llama Risk have done a nice job breaking down the technical aspects of the exploit.
Riley Exploration Permian, Inc. – New Mexico Acquisition to Lift 2Q23 Results
Riley’s 2Q23 financial and operating results will include the impact of the $330-million New Mexico acquisition, which closed on April 3, 2023.
Around the time of the closing, the acquired assets were producing ~7.2 MBOE/d (58% oil / 81% liquids).
1Q23 production averaged ~13.2 MBOE/d. Riley’s 2Q23 production guidance range is 20.0-21.0 MBOE/d, representing a 56% Q/Q increase and a 101% Y/Y increase at the midpoints.
Comcast Corporation: Notable Advancements On The Xfinity X1 Platform! – Key Drivers
- Comcast Corporation delivered an all-around beat in the most recent quarterly result.
- Total revenue increased, driven by ongoing operating leverage at the company’s high-margin Connectivity & Platforms business as well as significant growth at studios and theme parks.
- Residential connectivity revenue increased with growth in domestic broadband, wireless revenue, and international connectivity.
T-Mobile US Inc.: Exploring the Massive Growth
- T-Mobile delivered a mixed set of results for the previous quarter, with revenues below the analyst consensus.
- Additionally, free cash flow increased and the free cash flow to service revenue margin was the greatest among their competitors year to date.
- The company also enjoyed a significant quarter for T-Mobile for Business, with its lowest phone churn and best-ever phone net additions.
HNI Corporation – 2Q Preview: Adjusting 2QFY23 Estimate for Kimball Closing
Ahead of the HNI’s 2QFY23 earnings report on Tuesday, August 8, we are only adjusting our estimates for 2QFY23.
HNI completed its acquisition of Kimball International on June 1.
Our revised 2QFY23 estimate relies on our in-place HNI estimate plus an interpolation of our KBAL estimates for the time owned by HNI (the closing occurred after two months had passed).
Mastercard Incorporated: A Groundbreaking Multi-Market Strategy & What It Means for Investors! – Key Drivers
- Mastercard managed to exceed analyst expectations in terms of revenue and earnings.
- The broader labor market is still robust, with pay growth included, and credit and savings continue to support consumers.
- They introduced Mastercard Receivables Manager with Billtrust on the supplier side and MasterCard Multi-Token Network in the blockchain.
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