In today’s briefing:
- Profitability of Ethereum and a Short-Term Rally Ahead of the Shanghai Upgrade in March
- EQD | SPX and NDX : Its US CPI Time and We Look at Trading Opportunites in the Options Market
- WDFC: The Floodgates of Inventory
Profitability of Ethereum and a Short-Term Rally Ahead of the Shanghai Upgrade in March
- Ethereum is the only profitable blockchain, a analysis of revenue and expense of Ethereum;
- Ethereum staking ratio is the lowest among all PoS blockchains and the Shanghai upgrade in March will change this;
- Why will there be a short-term rally ahead of the Shanghai upgrade?
EQD | SPX and NDX : Its US CPI Time and We Look at Trading Opportunites in the Options Market
- US CPI data is due on Thursday 12th January and is likley to be another important data point
- SPX Index is down nearly 5% since November and NDX Index is down nearly 8% over the same period
- We look for short-term trading opportunities in the options market
WDFC: The Floodgates of Inventory
- WDFC reported fiscal first quarter (November 2022) results where sales declined more than expected while past price increases helped gross margin rebound from the August quarter
- WDFC’s inventory maintained its incline reaching a new record and is now $119.1 million. We believe WDFC’s inventory hides the true cost of the business
- The lack of demand remains a headwind that is leading to higher inventory levels. The scale of increase in inventory should continue to play a factor on WDFC’s earnings quality
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