Daily Brief United States: Newmont , S&P 500 INDEX, KraneShares California Carbon Allowance ETF, Ethereum, Clarus , Daktronics Inc, Ball and more

• With two days left in the review period, there could be 28 adds/deletes across the S&P/ASX family of indices in March.
• There is nearly A$1bn to sell in Newmont (NEM AU) due to the potential S&P/ASX 20 Index deletion and a large decrease in the number of shares held in Australia.
• There could be 2-41 days of ADV to buy in the index inclusions while the impact on the deletions will range between 0.7-24 days of ADV.

• Large-Cap indexes (S&P 500, Nasdaq 100) remain bullish, finding support at their respective 20-day MAs since November 2023, and we remain bullish
• The question is whether that will continue to be the case. Concerns are rising Treasury yields and the U.S. dollar (DXY), which have broken above short-term resistance levels on Feb13
• Friday’s PPI report should provide more clarity as to how concerned we should be about rising inflation

Key points (machine generated)

• The Krane Shares California Carbon Allowance Strategy ETF (KCCA) is recommended for investment due to increasing demand and shrinking supply of California Carbon Allowances (CCA).
• The demand for CCAs is growing as carbon emission restrictions in California become stricter, while the supply is decreasing due to a decreasing supply bank and auction schedule.
• CCAs have no substitutes, making it necessary for polluters to buy them to avoid fines if they cannot reduce carbon emissions. 

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• High frequency trading (HFT) involves building systems that can react in real time to incoming packets from exchanges, making fast decisions about sending orders and quickly executing them.
• Working on HFT systems requires a focus on performance and often involves building systems from scratch. 
• HFT systems need to be scalable to handle trading multiple instruments and flexible enough to adapt to different market conditions. Models used in trading also need to be continuously retrained and optimized for speed without sacrificing accuracy.

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

Key points (machine generated)

• Clarus’s non-ESG portfolio consists of reputable outdoor brands such as Black Diamond, Pieps, Sierra Bullets, Barnes Bullets, and SKINourishment.
• Their ESG portfolio includes brands like Industry West, Snow Peak, Royal Robbins, Stonewear, and Hummingbird, which focus on sustainable and environmentally friendly products.
• With Warren Kanders’s ownership and track record, the recent underperformance of Clarus’s stock is deemed unacceptable, but the inclusion of reputable outdoor brands and the commitment to sustainability provide potential for stock price appreciation.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)

• Daktronics Inc has improved its financial profile through operational upgrades and a recapitalization.
• As the industry standard in large screens and a market leader in scoreboards and programmable display solutions, Daktronics is in a strong position to benefit from increased adoption and upgrade cycles.
• Despite a recent stock price increase, investing in Daktronics is currently seen as very attractive, with potential for over 100% upside in the next few quarters.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The Ball Corporation’s earnings for the fourth quarter highlighted several of its strategic decisions, performance outcomes, and upcoming developments.
• The company had strong operating results in the fourth quarter and throughout 2023 which generated a free cash flow of $818 million.
• The company’s strategic decisions ranged from the sale of its aerospace business to adjustments in its manufacturing footprint.