Daily Brief United States: E.W. Scripps Co/The A, Coursera , C3.ai Inc, Bitcoin, Gold, Kulicke And Soffa Industries,, Envestnet Inc, IonQ , Establishment Labs Holdings In, Tripadvisor Inc and more

• The S&P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
• The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.
• In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.

• This is our first report on ed-tech major, Coursera.
• The company had a successful fourth quarter, marking a strong close to the year.
• The company welcomed 24 million new learners in this period, bringing their base to more than 140 million and seeing an increase in annual revenue of 21% over the previous year.

• This is our first report on AI software platform company, C3 AI. The company has demonstrated positive performance in their third-quarter fiscal 2024 results with a total revenue of $78.4 million, marking an 18% YoY growth and surpassing their guidance range.
• The total number of customer engagements has also seen an increase of 80% compared to the previous year.
• The company reported a non-GAAP gross profit of $54.7 million with a gross margin standing at 70%.

• Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.
• Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.
• By the end of the week, it became evident that this approach was unsustainable, leading to a significant market correction and extensive liquidations in the futures market.

• Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market.
• While the Fed Funds Rate remains high at 5,5% – liquidity conditions in the market is what really matters for both safe haven assets.
• Meanwhile, J.P. Morgan announced that gold is their number one pick in the commodities market. According to them, the price has room to rise towards $2.500.

• This is our first report on capital equipment manufacturer, Kulicke and Soffa Industries Inc.
• The company delivered their Q1 2024 earnings recently, announcing an impressive revenue of $171.2 million for the December quarter.
• However, not all news from the call was as positive because GAAP net income stood at only $9.3 million, alongside non-GAAP earnings per share at $0.3. However, this was still slightly higher than the guidance midpoint.

• This is our first report on Envestnet, a leading provider of integrated wealth management solutions.
• The company announced strong financial results for the fourth quarter and full year of 2023 in its latest earnings call.
• The company reported solid growth and successfully executed its strategic initiatives, leading to significant margin expansion.

• This is our first report on quantum computing systems producer, IONQ. The company has reported its Fourth Quarter and Full Year 2023 earnings, showing strong performance within the quantum computing sector.
• The company generated $6.1 million in Q4, bringing the total recognized revenue to over $22 million for the full year, exceeding the upper end of their projected range.
• For the year, IonQ achieved $65.1 million in bookings, greatly surpassing its original bookings midpoint of $40 million, providing evidence of successful performance by both the technical and commercial team.

• Establishment Labs is a Costa Rican company known for manufacturing and selling breast implants, with their Motiva implant gaining market share from competitors.
• The stock price of ESTA has recently dropped significantly due to a weak Q3 and lowered guidance, presenting an opportunity for investors to get into the dominant player in the breast augmentation market at a discounted price.
• With Motiva having a low rupture rate and no cases of associated cancers, analysts value ESTA at approximately $100 a share on a DCF basis, making it a compelling investment opportunity for potential growth.

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.

• Viator offers a wide range of unique activities and tours around the world
• The Fork allows users to book tables at restaurants globally
• TripAdvisor remains a key player in the travel industry with an undervalued stock, presenting an attractive investment opportunity

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.