Daily Brief United States: Marvell Technology , Immersion Corporation, Hubspot Inc, Simplify MBS ETF, AppLovin , Marriott Vacations World, S&P 500 INDEX, MGP Ingredients, Kamada , Ryan Specialty Holdings and more

• Marvell has historically performed well in the market but is now shifting its focus to growth areas such as AI, cloud computing, and faster data networks
• Despite recent cyclical weakness, the company is expected to see improved performance and strong earnings growth
• Reactivating the account is a strategic move to capitalize on Marvell’s promising future prospects and potential increase in stock value

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.

• Immersion (IMMR) announced it had renewed its patent license agreement with Samsung Electronics removing the biggest risk overhang of 2024
• Samsung has been IMMR’s largest customer at one point representing more than 60 percent of revenue. In the most recent 10K filing, IMMR describes Samsung as a significant customer
• We assume there was a step down in the rate Samsung pays, since this is usually the norm with technology companies and IP deals

• HubSpot Inc.’s Q1 2024 earnings conference call revealed a mix of strong performance and cautious optimism.
• Total customers grew by 22% YoY, translating to over 215,000 customers globally, driven by over 11,700 net customer additions in the quarter.
• Revenue growth was solid at 23% year-over-year in constant currency, alongside another good quarter of operating margin growth, driving the operating margin to 15%.

• Importance of incorporating volatility-dampening mechanisms into portfolio construction during low market volatility
• Strategies for lowering portfolio volatility including short exposure, downside hedges, gross exposure flex management, and allocations to private equity and private credit
• Benefits of implementing these mechanisms in managing capital effectively and supporting a more stable emotional investment experience

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.

• AppLovin Corporation, a mobile tech company specializing in developing software for developers and marketers, reported strong financial results for the first quarter ended March 31, 2024.
• The company recorded a total revenue of $1.06 billion and an adjusted EBITDA of $549 million, demonstrating a 52% margin.
• AppLovin’s CFO, Matt Stumpf, noted that the company’s revenue grew by almost 50% compared to the same period last year, and the adjusted EBITDA has doubled.

• Marriott Vacations Worldwide (VAC) reported positive results on February 21st, 2024, indicating a potential turnaround for the company.
• Despite a challenging year in 2023, VAC’s issues were temporary and offer an opportunity to invest in a growing business with a 10%+ free cash flow yield.
• VAC is a leisure-focused timeshare business with a strong presence in the vacation ownership market, owning upscale resort brands and deriving 35% of adjusted EBITDA from recurring sources.

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.

• Investors were generally positive and not bearish, with a focus on thin spreads compensated by yields and strong credit quality
• High grade bond demand remained strong, with ongoing retail interest and no weakening in institutional demand reported
• Hedge fund investors in high yield were cautious, focusing on avoiding losers and uncertainty around creditor outcomes

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Short-selling opportunity in American whiskey prices, with MGPI as a target
• Stock price of company declined 15% after reporting, but author sees larger downward trend
• Changing market dynamics provide significant upside potential for short position, timed well to capitalize on industry changes.

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.

• On May 8, 2024, Kamada Ltd. (KMDA) announced financial results for the first quarter of 2024.
• Revenues for the first quarter of 2024 were $37.7 million, which was a 23% increase compared to the first quarter of 2023.
• Adjusted EBITDA was $7.5 million, which was a 96% increase from the $3.8 million in the first quarter of 2023.

• Ryan Specialty Holdings (RYAN) is a leading wholesale insurance broker founded in 2010 by former AON CEO Pat Ryan
• RYAN generates 65% of revenue from wholesale insurance brokerage and 35% from underwriting and binding authority programs
• The company has achieved consistent double-digit organic growth through over 45 acquisitions, majority owned by Pat Ryan and employees, focusing on long-term value creation

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.