Daily Brief United States: Tempus AI, Broadcom , Bitcoin, Nasdaq Inc, ServiceTitan, Citigroup Inc, Nasdaq-100 Stock Index, Sonos Inc, Crude Oil, Sealed Air Corp and more

• Tempus AI reported its third-quarter 2024 financial results, reflecting positive revenue growth but continuing to face profitability challenges.
• Revenue rose by 33%, reaching $180.9 million, driven by growth in the Genomics and Data and Services segments.
• Notably, the Genomics unit growth accelerated to 23.9%, which shows a significant uptick from the previous quarter.

• Broadcom Inc.’s financial results for the fourth quarter and fiscal year 2024 reveal a year marked by significant growth driven by strategic acquisitions and advancements in AI technologies.
• The company’s consolidated revenue for the fiscal year reached $51.6 billion, showcasing a 44% year-over-year increase.
• This growth was bolstered not only by strong organic growth of over 9% but also by the strategic acquisition and integration of VMware, which contributed notably to Broadcom’s financial achievements.

• $240K Target: Bitcoin is projected to reach $240K by late Q3–Q4 2025, driven by global liquidity, the halving, and institutional demand via spot ETFs.
• Liquidity Drivers: Bitcoin’s bull run will be fueled by U.S. fiscal easing, China’s liquidity injections, spot ETF demand, and the upcoming 2024 halving event.
• Strategic Timing: Historical patterns suggest Bitcoin will peak in late Q3–Q4 2025, driven by synchronized global liquidity expansion and institutional adoption.

• Nicola Tangen and Adena Friedman discuss the importance of integrity, transparency, and trust in the financial system
• Nasdaq’s vision is to be the trusted fabric for the world’s financial system, focusing on technology and partnerships
• Adena shares her leadership journey, emphasizing the importance of empowerment, curiosity, and kindness in leadership. She also highlights the lessons learned from Korean kickboxing, pottery, and pickleball in relaxation and personal growth.

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

• ServiceTitan (TTAN US) is ineligible for the one Global Index for the next 12 months due to undisclosed shareholdings which remain locked for one year following the IPO.
• ServiceTitan (TTAN US) is ineligible for the next 6 months for the US and the other Global Index because it fails public voting rights.
• ServiceTitan’s earliest addition is forecasted for September 2025 in the one Global Index following the IPO lock-up expiry unless there is a material conversion of unlisted shares.

• Investors are disappointed with Citigroup’s lackluster profitability compared to other large US banks, leading to a low valuation of 0.65x TBV
• Potential for improvement as the company has excess capital and may be able to increase profitability to reach a 10% ROTE in the next two years
• Predictions suggest that if Citigroup reaches its targets, there could be a significant increase in share value, with TBV/share reaching $100 and EPS of $10 by 2026, presenting a compelling investment opportunity for those willing to take a risk on the bank’s future performance.

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.

• The Nasdaq-100 Index (NDX INDEX) dropped 3.6% following the FED’s communication of fewer than previously expected rate cuts in 2025. Quantitative analysis suggests that the Index is oversold.
• Implied volatility spikes up from low levels to above median levels. The Skew steepens considerably as traders brace for more downside.
• Risk Reversals are attractively priced right now in historic comparison. Parameters of a zero-cost risk reversal strategy are presented as an example.

• Investing in Sonos (SONO) is viewed as a potential opportunity for strong returns in the next few years, despite the company facing challenges.
• The company’s current situation is likened to Chipotle during its E. coli incident, where long-term investors saw significant gains.
• While not a traditional value investment, investing in Sonos at a lower price is considered an intriguing opportunity, and research on the company is recommended before making a decision.

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.

• For the week ending 13/Dec, US crude inventories fell by 0.9m barrels, missing forecasts. Gasoline stocks rose more than anticipated, while distillate inventories declined more than expected.
• US natural gas inventories fell by 125 Bcf for the week ending 13/Dec, beating analyst expectations of a 123 Bcf drawdown. Inventories are 3.8% above the 5-year seasonal average.
• Major analysts lowered their 12-month PTs on Exxon, SLB, Halliburton, and Occidental. Also, Barclays downgraded its rating on Halliburton to Equalweight from Overweight.

• Sealed Air is undervalued and poised for a turnaround, with a price target of $49 per share
• The Protective segment has been underperforming due to ties to the PC market and economic indicators
• Sum-of-parts valuation method used, with different multiples applied to Protective and Food segments, indicating significant upside potential

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.