In today’s briefing:
- Samsung Ventures Invests in Sleeptech Firm Earable Neuroscience
- What’s Driving Bitcoin’s Rally?
- Soybeans Spike Due to Weather Worries – The Credit Crunch Isn’t over Yet
- PI: Red Tagged, Initiating with Sell
- Monster Beverage Corporation: Still A GARP Opportunity
- Update Note – Steelcase, Inc. (SCS)
Samsung Ventures Invests in Sleeptech Firm Earable Neuroscience
- Earable Neuroscience, a US-headquartered deep-tech company that has developed a sleep tech wearable device, has secured undisclosed bridge funding from Samsung Ventures.
- Through this investment, Samsung Ventures plans to forge alliances within its local and global network to support Earable Neuroscience’s global expansion, including the Korean market.
- Established in 2018 by Vietnamese founder Tam Vu, the startup’s sleep tech wearable, FRENZ Brainband, incorporates cutting-edge neuroscience technology into a consumer wearable to enhance sleep quality, improve focus, and promote relaxation.
What’s Driving Bitcoin’s Rally?
- Bitcoin briefly hit yearly highs over the weekend and is up 15% week-on-week.
- What’s driving this rapid surge in prices?
- While news of a Blackrock ETF filing is certainly a bullish catalyst, let’s see what the data says.
Soybeans Spike Due to Weather Worries – The Credit Crunch Isn’t over Yet
- Soybeans spike due to weather worries The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American farm belt threatened newly seeded crops.
- Below-average rainfall and high winds also exacerbated drought conditions in many regions.
- In the early growing stage of the crops, drought can be compensated by more rain in the later stages.
PI: Red Tagged, Initiating with Sell
- Impinj was a late beneficiary to the COVID-19 pandemic and could now be on the cusp of a correction in its revenue growth trajectory
- The developer of radio frequency identification (“RFID”) chips used in RFID tags benefited when companies were facing supply chain issues resulting in ordering much more inventory than necessary
- Consensus estimates are for another 36 percent increase in revenue in 2023 even though Impinj is heavily dependent on retail apparel
Monster Beverage Corporation: Still A GARP Opportunity
- Qualitative factors and key metrics suggest that Monster Beverage Corporation presents a GARP opportunity.
- The company is growing at scale and holds down a significant part of the energy drinks market.
- The generational consumer shift into stimulated drinks lends researchers much scope to delve into the prospects of Monster Beverage Corporation (NASDAQ:MNST).
Update Note – Steelcase, Inc. (SCS)
- This note follows up on the Steelcase 1QFY24 earnings release, management’s earnings conference call, and our earnings analysis note from June 22.
- Herein, we refresh our estimates for Steelcase.
- Steelcase has been tied to the fortunes of commercial/contract furniture, where the company is a global leader.
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