In today’s briefing:
- Crypto Moves #20 – Ethereum Will Never Be the Same
- Tesla Increases Price of Model Y in China in Sign That Price War Is Easing
- Adobe Inc.: When Will Its Adoption Of Generative AI Reflect On Its Top-Line? – Major Drivers
- Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers
- Dentsply International (XRAY US): Sombre Growth Outlook and Pricey Valuation
- Intel. CHIPS Act Funding Ceremony Overshadowed By Reports Of New Fab Delays
- PagerDuty Inc.: Will Its Accelerated Adoption of Operations Cloud Platform Catalyze Revenue Growth In 2024 & Beyond? – Major Drivers
- Topbuild Corp (BLD) – Thursday, Dec 21, 2023
- Esperion Therapeutics Inc (ESPR) – Friday, Dec 22, 2023
- Dollar Tree: How Long Will The Family Dollar Underperformance Continue? – Major Drivers
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Crypto Moves #20 – Ethereum Will Never Be the Same
- Last Wednesday, on March 13th, Ethereum launched its biggest upgrade in the past 18 months, marking a significant milestone since the Ethereum Merge on September 15, 2022.
- Dubbed Dencun or Cancun-Deneb, this upgrade introduced the eagerly awaited Proto-Danksharding feature, aimed at dramatically enhancing the scalability of Ethereum’s Layer 2, also known as rollups, and slashing the costs associated with rollup transactions, while making them less volatile.
- Proto-Danksharding brought to the table so-called ‘blobs’.
Tesla Increases Price of Model Y in China in Sign That Price War Is Easing
- Tesla Inc. will increase the price of its popular Model Y crossover by 5,000 yuan ($694) in China, a move that offers rivals a temporary reprieve as a raging price war engulfs the world’s largest auto market.
- The price rise on China-made Model Y vehicles will start on April 1, Tesla confirmed with Caixin Wednesday. Meanwhile, some of the extras offered by Tesla to its Chinese customers, including an 8,000-yuan insurance subsidy, will expire on March 31.
- Tesla previously announced a price increase of $1,000 for the Model Y in the United States and 2,000 euros ($2,542) in Europe.
Adobe Inc.: When Will Its Adoption Of Generative AI Reflect On Its Top-Line? – Major Drivers
- Adobe Inc.
- delivered robust financial results for the first quarter of fiscal year 2024, with a revenue of $5.18 billion.
- This represents a 12% year-over-year growth, demonstrating the significant role of Adobe products in powering the global digital economy.
Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers
- The second quarter of fiscal year 2024 saw Jabil Inc.
- achieve approximately $6.8 billion in revenue.
- This performance was in line with the guidance for the majority of the company’s businesses.
Dentsply International (XRAY US): Sombre Growth Outlook and Pricey Valuation
- Dentsply International (XRAY US) guided for 2024 revenue of $3.96–4.02B, flat to up 1.5% on an organic basis and 12% growth in 2024 EPS at midpoint.
- The macro environment continues to be challenging. The company anticipates the ongoing softness in imaging will continue in 2024. Cost savings will support the bottom-line growth.
- In terms of every valuation metrics, Dentsply is overpriced compared to its U.S.-listed peers. Strong balance sheet, accelerating dividend, and buyback do not justify the pricey valuation.
Intel. CHIPS Act Funding Ceremony Overshadowed By Reports Of New Fab Delays
- Intel snags $8.5 billion in direct funding through the CHIPS and Science Act to advance its commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon.
- Investment Tax Credit (ITC) of up to 25% on > $100 billion in qualified investments and eligibility for federal loans up to $11 billion are also on offer
- Meanwhile, two separate reports suggest delays of up to two years in Ohio and suppliers in Arizona unable/unwilling to meet previous commitments to establish local supply chains. Ouch!
PagerDuty Inc.: Will Its Accelerated Adoption of Operations Cloud Platform Catalyze Revenue Growth In 2024 & Beyond? – Major Drivers
- In the Fourth Quarter and Full Fiscal Year 2024 Results, PagerDuty demonstrated solid growth, indicating the company’s steady progression in the market.
- The full-year revenue grew 16% year over-year, and non-GAAP operating margin expanded to 13%.
- Similarly, in the fourth quarter, revenue grew 10% to $111 million, exceeding the high end of the company’s guidance range.
Topbuild Corp (BLD) – Thursday, Dec 21, 2023
- BLD offers comprehensive services for roofing, including material selection, expert installation, and post-installation service.
- They are known for their focus on high-quality materials, professional installation, and exceptional customer service.
- BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving needs of the construction industry.
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.
Esperion Therapeutics Inc (ESPR) – Friday, Dec 22, 2023
- ESPR pharmaceutical company has two commercialized drugs and could potentially double in value with a $300 million milestone payout
- Ongoing litigation with DSE due to failure to meet payment obligations under a milestone agreement
- ESPR entitled to a Regulatory Milestone Payment pending regulatory approval for a licensed product in DSE territory, making it a strong investment opportunity with potential for high returns
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.
Dollar Tree: How Long Will The Family Dollar Underperformance Continue? – Major Drivers
- Dollar Tree, Inc., in their latest quarterly earnings, reported continued progress in their organizational transformation towards establishing a foundation for sustainable growth.
- The company experienced growth across the retail metrics of sales per square foot, transactions, and units sold, indicating an overall positive momentum in the business.
- It reported an increase of 12% in consolidated net sales to $8.6 billion in the fourth quarter of 2023, including a $560 million benefit from the year’s 53rd week.