In today’s briefing:
- Nike CEO Shakeup: Challenges Ahead for Elliott Hill as He Takes the Helm of the Sneaker Giant!
- US Rig Count Resumes Decline After Last Week’s Strong Rebound
- Chart Industries Inc.: Initiation Of Coverage – A Solid Competitive Advantage Driving Our ‘Buy’ Rating! – Major Drivers
- Fund Managers Hate Commodities // EU Deforestation Law Disaster
- Qualcomm’s Game-Changing Play: What Intel’s Acquisition Could Mean for the Future of Tech!
- [Earnings Preview] Schlumberger Set for Q3 Growth on Global Demand and Seasonal Boost
- Casella Waste Systems: Initiation Of Coverage – Expansion of Service Offering and Market Penetration! – Major Drivers
- LEXX: Changing Gears: Christopher Takes Over as CEO
- DLocal Limited: Initiation Of Coverage – Continuous TPV Growth and Market Expansion As A Critical Growth Lever! – Major Drivers
- Euronet Worldwide Inc.: Initiation Of Coverage – A Tale Of Diversification and Strategic Partnerships! – Major Drivers
Nike CEO Shakeup: Challenges Ahead for Elliott Hill as He Takes the Helm of the Sneaker Giant!
- Nike recently announced a significant leadership change, with CEO John Donahoe stepping down and longtime company veteran Elliott Hill set to take over.
- This transition comes amid a broader restructuring effort at Nike, aimed at addressing the company’s evolving business challenges.
- Donahoe, who led the company through several years of strategic shifts, including the prioritization of direct-to-consumer sales, had faced increasing pressure due to flat revenue growth and lower-than-expected guidance for fiscal 2025.
US Rig Count Resumes Decline After Last Week’s Strong Rebound
- US oil and gas rig count fell by two to 588 for the week ending 20/Sep, the fifth decline in six weeks, after rising by eight last week.
- The US oil rig count stayed flat at 488 after rising by five last week. Gas rigs fell by one to 96, marking its fourth decrease in five weeks.
- For the week ending 20/Sep, US energy producers added two rigs in Texas. Conversely, they cut one rig each in Colorado, Louisiana, New Mexico, and Utah.
Chart Industries Inc.: Initiation Of Coverage – A Solid Competitive Advantage Driving Our ‘Buy’ Rating! – Major Drivers
- Chart Industries, Inc. reported its 2024 second quarter results, showcasing robust financial performance, marked by several all-time highs across various metrics.
- The company, renowned for its industrial and energy equipment, posted record earnings in sales, operating income, and EBITDA margins, among others, signifying superior operational execution and strategic growth initiatives.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Fund Managers Hate Commodities // EU Deforestation Law Disaster
- According to the latest BofA fund manager survey, investors continue to sell commodities.
- Allocation-wise we’re now back at levels we were at the beginning of the pandemic back in 2020.
- Long commodities is now a contrarian trade again.
Qualcomm’s Game-Changing Play: What Intel’s Acquisition Could Mean for the Future of Tech!
- The semiconductor industry is buzzing with news that Qualcomm, the world leader in smartphone chipsets and wireless technology patents, has approached Intel about a potential acquisition.
- The Wall Street Journal recently reported on this development, signaling Qualcomm’s ambition to expand beyond its mobile chipset dominance and deepen its reach into the PC and server markets.
- While the deal remains uncertain and could face significant regulatory hurdles, this move could be transformative for Qualcomm.
[Earnings Preview] Schlumberger Set for Q3 Growth on Global Demand and Seasonal Boost
- Schlumberger’s Q3 2024 revenue is projected to increase by 12% YoY and EPS by 15.4%, driven by international growth, digital sales, and cost-efficiency programs.
- Management expects 2024 EBITDA margin to reach or exceed 25%, driven by stronger H2 performance led by seasonally higher year-end digital and product sales.
- Schlumberger announced a milestone in sustainable lithium production and secured significant contracts through its carbon capture and OneSubsea joint ventures.
Casella Waste Systems: Initiation Of Coverage – Expansion of Service Offering and Market Penetration! – Major Drivers
- Casella Waste Systems has demonstrated a trajectory of strategic execution and growth, marked by recent acquisitions and operational optimizations, as evidenced in the second quarter 2024 earnings discussion.
- The company has expanded its geographical footprint to 10 states, which underscores an aggressive growth strategy through acquisitions that align with Casella’s core operational focus.
- During the quarter, Casella added to its portfolio with the acquisition of LMR Disposal and Whitetail Disposal, marking significant strides in extending service offerings in the Mid-Atlantic region.
LEXX: Changing Gears: Christopher Takes Over as CEO
- Zacks Small-Cap Research Note for Lexaria Bioscience Corp. (LEXX)
DLocal Limited: Initiation Of Coverage – Continuous TPV Growth and Market Expansion As A Critical Growth Lever! – Major Drivers
- DLocal’s Q2 2024 earnings report indicates a complex blend of growth, challenges, and strategic adaptation amid volatile market conditions.
- The company reported a significant achievement with its Total Payment Volume (TPV) reaching $6 billion, depicting a strong year-on-year growth of 38% despite a high comparative in the previous year.
- This growth attests to DLocal’s ongoing capability to deepen relationships with existing global merchants and to attract new ones, contributing positively toward its long-term expansion prospects.
Euronet Worldwide Inc.: Initiation Of Coverage – A Tale Of Diversification and Strategic Partnerships! – Major Drivers
- Euronet Worldwide delivered a strong performance in the second quarter of 2024, reflected through significant growth across several key financial metrics.
- Leading the charge was the Electronic Financial Transactions (EFT) segment, which reported robust growth facilitated by improved travel trends across Europe and effective expansion into new markets, particularly evident in its merchant services business.
- Notably, enhanced cost management strategies and a proactive reorganization of the ATM estate underpinned almost a 300 basis point operating margin expansion in the EFT segment.
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