Daily Brief United States: Microstrategy Inc Cl A, Microsoft Corp, ATN International, Astronics Corp, Mission Produce , Natural Gas, Burnham Holdings, Coffee, Crude Oil, Build A Bear Workshop and more

• Bitcoin has reached a new all-time high, surpassing $107,000 and steadily moving toward $110,000, as we predicted in Crypto Moves #55.
• That note remains highly relevant.
• Among the three most notable developments of the past week, MicroStrategy has been “QQQ’d.” Find out what that entails below, along with the other two standout pieces of news and the key charts shaping the market as we head into one of the last weeks of 2024.

• Our outlook remains bullish and we see the market in the midst of a significant end-of-year rally that we have been expecting since mid-October.
• We continue to expect support at 20-day MAs on $SPX and Nasdaq 100 (QQQ), while support at current levels or the 50-day MA is likely on the Russell 2000 (IWM).
• Market dynamics continue to improve, giving us confidence that this bull run is likely to go at least another month into mid-January, and quite likely beyond.

• ATNI, a telecom company, has been overlooked due to industry setbacks
• Company’s businesses are healthy and poised for growth in revenue and EBITDA in 2025 and beyond
• Expected free cash flow inflection point could lead to increased dividends, stock repurchases, and debt reduction, potentially doubling stock value in two years based on projected 2026 estimates

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.

• Astronics Corporation is an aerospace components manufacturer specializing in electrical power systems, seat motion systems, and automated test systems.
• The company presents a low-risk investment opportunity at 6x normalized EBITDA, despite challenges in the commercial aerospace sector.
• With a focus on Aerospace and Test Systems products, Astronics remains an attractive investment option in the aerospace and defense 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.

• Mission Produce Produce buys, ages, packages, and distributes avocados through facilities in the US, Canada, Mexico, and the UK with around 1,000 suppliers
• Majority of avocado volume sourced from Mexico, California, and Peru, with top 10 customers accounting for 60% of sales
• Company considered low-quality, volatile business with minimal cash flow generation and projected lower earnings in F2025, overpriced based on normalized earnings estimates

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.

• US natural gas prices rose 6.6% for the week ending 13/Dec, driven by rising LNG exports, despite downward pressure from milder winter forecasts.
• Henry Hub Put/Call volume ratio rose to 1.10 from 1.06 (06/Dec) the previous week as put volumes rose by 21.5% WoW, while call volumes increased by 16.5%. 
• Henry Hub OI PCR fell to 0.83 from 0.84 compared to last week. Call OI rose by 5.4% WoW, while put OI increased by 4.8%.

• Burnham Holdings, Inc. stock has appreciated by 39% in the past five years with a 9.4% annual dividend yield
• The company is considered significantly undervalued with strong business performance and new product development in the electric heating market
• With a low price-to-earnings ratio of 6.2, a recent dividend increase, and a current 7.1% dividend yield, BURCA is an attractive and safe investment choice in a low-yield environment

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.

• Historic Coffee Price Rally During the week Coffee Futures hit a new all-time high.
• Supply concerns continue to fuel the rally in a strongly backwardated futures market.
• The drought that El Niño weather brought over to Brazil over the last summer continue to be persistent.

• Crude Oil (CL1) has been steadily downtrending since June 2022. More recently (from the start of October) a flat bottom started to form, with attempts to rise higher.
• The front-month future (Feb25) is range bound at the moment, between 71 (top) and 66 (bottom).
• Our models see a strong barrier at 73, and a decent support at 67 for the next 2 weeks, check the insight to get all the details.

• We are reiterating our Buy rating, $58 price target and projections for Build-A-Bear Workshop after visiting stores in Long Island and Connecticut.
• We believe momentum has remained on the rise at Build-A-Bear stores, with continued strong sales of key Holiday driven characters (from Glisten to Sanrio, Stitch and Holiday costumes), new TikTok driven crazes (Sugar Cookie Capybara), compelling new characters (Bluey and Bingo) and movie driven properties, including a new “furry friend” for the upcoming Sonic 3 movie launch.
• As such, and with gift cards sure to drive full price post-Xmas selling, we reiterate our Buy rating and $58 price target for BBW.