In today’s briefing:
- Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers
- NVIDIA: Waiting on Blackwell, and the Networking Question
- TUYA: Is The King of White Label IOT Ready to Charter a Different Course?
- Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again
- Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers
- Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers
- Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers
- Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers
- Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers
- AutoZone Inc.: Tackling The International Market Dynamics & FX Impact! – Major Drivers
Edwards Lifesciences Corporation: Will The Expansion and Growth of Transcatheter Aortic Valve Replacement (TAVR) Catalyze Its Revenue Growth? – Major Drivers
- Edwards Lifesciences reported third-quarter 2024 results, showcasing notable achievements with financial metrics and strategic advancements across various product lines.
- The company, specialized in structural heart disease innovations, marked a revenue of $1.4 billion, a rise of 10% on a constant currency basis compared to the year prior, subtly surpassing expectations.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
NVIDIA: Waiting on Blackwell, and the Networking Question
- Nvidia posted earnings yesterday, and guidance was light of buy-side bogeys. I’m not going to step into the mind game of bogeys here, but there are some finer points to focus on.
- NVIDIA reports Q3 EPS $0.81 ex-items vs FactSet $0.75. Reports Q3: Revenue $35.08B vs FactSet $33.17B (2 billion beat like clockwork)
- Q4 Guidance: Revenue $37.5B +/- 2% vs FactSet $37.09B (a bit light). GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively, +/- 50 bps. (also light)
TUYA: Is The King of White Label IOT Ready to Charter a Different Course?
- On November 18th, 2024, Temasek-affiliated investment fund 65Equity bought 13% of TUYA, an IOT hardware company and planned to bring the company to list on the Singapore Stock Exchange;
- TUYA is trading at US$901mn market cap, equivalent to 3.2x 12TTM sales. This isn’t cheap. Xiaomi, a high flying stock, now trades at 2.0x 12TTM sales. TUYA is not profitable;
- TUYA is a good and real company but in a bad business. Electronics inventory cycle and advanced stocking for Trump’s Tariff Hike shall support earnings in the next few quarters.
Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again
- In the second edition of Crypto Moves, published almost exactly a year ago, I shared this conviction:“Perhaps the only thing you want to know is: Do we expect the Bitcoin halving to cause a new run?”“The short answer is yes.
- In this edition of Crypto Moves, we assess Bitcoin’s current position in its historical 4-year cycle. The 4-year cycle is fundamentally tied to Bitcoin’s halvings, which occurs roughly every four years and halves the mining block reward.
- This process has now taken place four times, reducing the reward from 50 bitcoins per block to just 3.125 bitcoins per block.
Arthur J. Gallagher & Co.: These Are The 4 Biggest Challenges Responsible For Our Lack Of Optimism! – Major Drivers
- Arthur J.
- Gallagher & Company reported strong financial results for the third quarter of 2024, showcasing a robust performance across its core segments, Brokerage and Risk Management.
- The company’s revenue growth was impressive at 13%, with organic growth marking 6%.
Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! – Major Drivers
- Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA.
- Total revenue grew by 25% from the previous year, reaching a record $72 million.
- Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024.
Nexstar Media Group’s Deregulation Agenda: A Game-Changing Strategy to Save Local Journalism! – Major Drivers
- Nexstar Media Group reported its third-quarter 2024 financial results, delivering record high revenues and showcasing strong operational performance in a challenging media landscape.
- The company achieved its highest third-quarter total net revenue, driven by record-setting distribution and political advertising revenues.
- The financial results reflect a solid balance between increasing revenues and maintaining cost efficiency, showcasing Nexstar’s ability to leverage its extensive media assets effectively.
Abbott Laboratories: A Tale Of Pipeline Productivity and Innovation! – Major Drivers
- Abbott has demonstrated robust performance in its third quarter of 2024 with an organic sales growth of over 8%, excluding COVID testing sales, and adjusted earnings per share of $1.21.
- These results underscore the company’s capacity to execute its multifaceted strategy effectively, despite varying performance across different sectors.
- Notably, the U.S. Pediatric Nutrition segment showed remarkable growth, leading with a 12% increase due to gains in the infant formula business.
Boston Scientific’s Game-Changing Farapulse Tech: How It’s Revolutionizing Atrial Fibrillation Treatment!: – Major Drivers
- Boston Scientific Corporation presented its third quarter of 2024 financial results, reflecting a strong performance that exceeded company forecasts and investor expectations.
- The corporation reported a significant growth in operational sales by 19% and organic sales by 18%, surpassing the anticipated guidance range of 13% to 15%.
- Adjusted earnings per share (EPS) grew by 27% to $0.63, also exceeding the projections of $0.57 to $0.59.
AutoZone Inc.: Tackling The International Market Dynamics & FX Impact! – Major Drivers
- AutoZone, Inc. delivered a robust performance in the fourth quarter of the fiscal year 2024, led by significant sales increases and growth strategies in both its domestic and international operations.
- The company’s total sales surged by 9% in the fourth quarter, while earnings per share (EPS) increased by 11%.
- Underpinning these results was a consistent focus on customer service excellence and strategic expansion, particularly in commercial sales and international operations.
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