Vale’s Q3 iron ore production reached 90.97 million metric tons, the highest since 2019, up 12.9% quarter-over-quarter. Production gains in copper and nickel rose 9.3% and 68.8% respectively, supported by operational improvements in Sossego and Sudbury. Declining iron ore prices, driven by reduced Chinese demand, cut realized prices 7.7% quarter-over-quarter to $90.6 per ton. Rising freight and operational costs, alongside a $956 million provision for the 2015 Mariana dam incident, pressured margins. Premium adjustments on high-grade iron ore mitigated some losses, helping Vale offset declining market prices amid demand fluctuations. Monty Rakusen Investment Thesis Since our last coverage, V
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Vale Battles Market Headwinds Despite Growth
Vale Battles Market Headwinds Despite Growth
Palantir: Why Taking Profits Makes Sense Now
Palantir’s customer base grew 71% from December 2022 to September 2024, reaching 629 customers, driven by strong commercial demand. Commercial customer growth surged 91.5% from Q4 2022 to Q3 2024, positioning Palantir to reduce reliance on government contracts. U.S. commercial customers saw 124.5% growth over the same period, highlighting Palantir’s successful expansion in its domestic market. SBC remains high, reaching $142.4 million in Q3 2024, limiting profitability and diluting shareholder value. With RSI at 81.66, Palantir's stock is overbought, suggesting a potential pullback; current valuation offers a profit-booking opportunity. piranka Investment Thesis As a long-time bull on Palantir (NYSE:PLTR), I’ve seen my conviction in this i
Palantir: Why Taking Profits Makes Sense Now
AMD: Why I'm Doubling Down
Data Center revenue hit $3.5 billion in Q3 2024, growing 122% year-over-year, fueled by AI demand. Ryzen processors drove Client segment revenue to $1.9 billion, a 29% year-over-year increase, bolstering AMD’s profitability. Data Center operating income soared 240% to $1.041 billion, reflecting strong margins and high-demand products like EPYC CPUs. Gaming revenue dropped 69% to $462 million, while Embedded fell 25%, impacting AMD’s growth diversification. AMD trades near $140, with a technical target of $196, bolstered by November’s favorable seasonality and momentum indicators. da-kuk/E+ via Getty Images Investment Thesis Since our last coverage, Advanced Micro Devices, Inc. (NASDAQ:
AMD: Why I'm Doubling Down
Following Q3 Results, PayPal's Path To $96 Is Clear
PYPL's technical target is revised to $96 by year-end, supported by recent earnings momentum and alignment with key Fibonacci levels. PayPal’s transaction volume grew by 1.47 billion from Q1 2022 to Q3 2024, showing stable user growth and engagement. EPS increased 146% from Q1 2022 to Q3 2024, reflecting effective cost management and improved profitability margins. The forward price-to-sales ratio of 2.5 is 58.52% below its five-year average, highlighting significant undervaluation potential. Non-GAAP operating income grew by 18% YoY in Q3 2024, despite a slight revenue growth deceleration to 6%. JasonDoiy Investment Thesis Since our last coverage, PayPal Holdings, Inc. (NASDAQ:
Following Q3 Results, PayPal's Path To $96 Is Clear
Meta's Q3 Performance Solidifies Technical Path To $625
Meta’s Q3 revenue surged 19% year-over-year to $40.6 billion, driven by strong ad performance and AI integration. Operating margin improved to 43% from 40% last year, reflecting operational efficiency despite high CapEx guidance of $38-40 billion. AI and Reality Labs investments remain central to Meta’s growth, with AI enhancements boosting ad relevancy and user engagement. Meta’s stock target stands at $625, supported by technical levels and improving fundamentals within its core advertising business. grinvalds/iStock via Getty Images Investment Thesis Meta Platforms, Inc. (NASDAQ:META) recently announced surprisingly strong Q3 2024 results, inc
Meta's Q3 Performance Solidifies Technical Path To $625
Intel's Comeback Story Gains Momentum
Intel’s revenue reached $35.9 billion YTD 2024, growing 6.2%, while operating margins rose to 27%, showing cost management improvements. Core Ultra 200V and 200S processors address AI demand in mobile and desktop markets, with a projected 100 million AI PCs by 2025. The x86 Ecosystem Advisory Group boosts software compatibility, accelerating the adoption of AI-compatible Intel-based systems. Intel’s independent foundry unit targets new clients backed by AWS investments and U.S. government funding. Intel faces intense competition from Nvidia, production delays, and financial strain from workforce cuts and unproven foundry ventures. tupungato Investment Thesis Intel Corporation (NASDAQ:INTC) is stepping up its game with a powerful combinatio
Intel's Comeback Story Gains Momentum
Inside Super Micro's Crisis: 5 Scenarios That Could Define Its Future (Rating Downgrade)
SMCI's stock fell over 45% following governance issues and auditor EY’s resignation, highlighting significant risks. Ernst & Young cited concerns over SMCI's "integrity and ethical values," heightening scrutiny on financial controls and governance. Scenarios range from appointing a Big Four auditor and timely filing to regulatory scrutiny and potential NASDAQ delisting. A loan amendment with Cathay Bank grants SMCI until Dec. 31 to file financials but requires $150M in cash reserves. SMCI’s ongoing issues suggest a wait-and-see approach until governance is improved, and a credible auditor is appointed. peshkov Investment Thesis Since our last coverage of Super
Inside Super Micro's Crisis: 5 Scenarios That Could Define Its Future (Rating Downgrade)
Visa's Growth Unshaken By Regulatory Risks
Visa achieved an 8% YoY increase in Q4 payments volume, driven by stable U.S. demand and strong international growth. Cross-border volume rose 13% YoY, with e-commerce fueling a 15% increase in card-not-present transactions, underscoring digital demand. Processed transactions grew 10% YoY, strengthening Visa’s market dominance and aligning with its FY 2025 growth guidance. Value-added services reached $2.4 billion, a 22% YoY increase, highlighting Visa's successful diversification beyond traditional payment processing. Regulatory scrutiny over Visa’s market dominance, particularly in U.S. debit transactions, poses ongoing legal and revenue risks. FinkAvenue Investment Thesis Since our last cove
Visa's Growth Unshaken By Regulatory Risks
SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)
Q2 2024 sales fell sharply to $15.1 million from $35.9 million, primarily due to ACP funding cuts. Gross profit dropped to a -$3.4 million loss in Q2 from a $10 million profit in Q2 2023. Transition to non-subsidized LinkUp Mobile raised costs to retain 280K subscribers, straining cash reserves and profit margins. SG&A expenses surged 101% year-over-year in Q2, driven by stock compensation and consulting fees, worsening cash flow. The announced $5 million stock buyback (~16.5% of market cap) signals management’s confidence, despite ongoing financial challenges. Black_Kira Investment Thesis Given recent developments, we update our investment thesis for SurgePays (NASDAQ:SURG) to reflect heightened caution. Our
SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)
Is Intel's Turnaround Story Over? (Rating Downgrade)
Summary Intel targets over $10 billion in savings by 2025, reducing OpEx to $17.5 billion — a 20% cut. Plans to decrease workforce by over 15% by 2025, aiming to streamline operations and boost profitability. Intel’s Panther Lake and Lunar Lake CPUs target the AI PC market, which is expected to exceed 50% by 2026. Despite revenue growth, Intel reported $2.8 billion in operating losses in Q2 due to higher manufacturing costs. Intel aims to regain process leadership with Intel 18A by 2025, but execution risks lead to a hold rating. tupungato/iStock Editorial via Getty Images Investment Thesis Last month, we evaluated whether Intel Corporation (NASDAQ:INTC) has
Is Intel's Turnaround Story Over? (Rating Downgrade)
Why I'm Not Booking Profits On PayPal Yet
Summary PYPL is projected to reach $80 in 2024, with a potential upside to $94 if momentum sustains. PayPal’s TPV grew by 11%, reaching $417 billion, reflecting strong growth across domestic and international markets. Transaction margin dollars rose 8% year-over-year, marking the best performance since 2021 due to product improvements. RSI at 60.55 suggests a neutral-to-bullish outlook, improving momentum and easing selling pressure. PayPal’s partnership with Shopify enhances growth prospects by tapping into a vast merchant network in U.S. e-commerce. da-kuk/E+ via Getty Images Investment Thesis Our medium-term target price of $90 per share for PayPal Holdings, Inc. (NASDAQ:
Why I'm Not Booking Profits On PayPal Yet
Ford Faces Challenges: Will It Rebound?
Summary Ford nears key support at $10.60; its RSI at 42.02 suggests it is oversold, while weak volume limits its short-term upside potential. The UAW strike has caused significant production delays, further raising concerns about Ford's near-term profitability. Ford adjusted its EV strategy, increasing investments but lowering production targets due to demand and supply challenges. Ford Pro remains a high-margin division, projected to generate $70 billion in revenue by the end of 2024. TennesseePhotographer/iStock Editorial via Getty Images Investment Thesis In July, we held a hold rating on Ford (NYSE:F) due to rising ownership costs, decreased affordability, and supply chain disruptions. Since then, F has dropped 23% lower, as recent develo
Ford Faces Challenges: Will It Rebound?
Micron's Secret To AI-Driven Growth
Summary Micron's Q3 2024 revenue surged to $6.8 billion, an 82% YoY increase, driven by AI and data center demand. DRAM contributed 69% of total revenue with 13% sequential growth, while NAND grew 32%, reflecting strong market positioning. AI-related products like high-bandwidth memory led to a 50% revenue increase in the data center segment, and continued growth is expected. Micron's $8 billion CapEx plan focuses on expanding advanced manufacturing and infrastructure to support long-term growth through 2025. MU's RSI at 37 indicates it's nearing oversold territory, while Fibonacci retracement levels suggest a potential bullish reversal if price trends hold. imaginima/iStock via Getty Images Investment Thesis With the increasing demand for AI and data centers, Micron Technology (NASDAQ:
Micron's Secret To AI-Driven Growth
Can NIO Maintain Its Momentum?
Summary The stock is currently in a bullish trend, with a 2024 price target of $6.70, driven by favorable RSI and VPT signals. Vehicle deliveries surged to 57,373 units, a 143.9% YoY increase, boosting vehicle sales revenue by 118.2% from Q2 2023. NIO’s vehicle margin improved to 12.2% from 6.2% in Q2 2023, driven by lower material costs and production efficiencies. Despite rising SG&A expenses and potential share dilution, NIO remains well-positioned for future growth with a robust infrastructure strategy. Robert Way Investment Thesis NIO (NYSE:NIO) has surged by more than 25% since our last coverage in July, entering a clear bullish trend and va
Can NIO Maintain Its Momentum?
Why SoFi's Q3 Could Be A Turning Point
Summary SOFI shows resilience with a 9% return, driven by strong loan demand and a slightly bullish technical outlook despite macroeconomic concerns. SoFi’s diversified platform, improved loan performance, and tight credit risk management underpin long-term growth, though caution is advised due to historical seasonality trends in August. Strong Q2 2024 financials, product innovation, and 58% AUM growth highlight SoFi's operational efficiency and potential for continued expansion. SoFi's Q3 2024 growth reflects an expected 18%-22% increase in adjusted net revenue, driven by expanding financial services and customer acquisition. SOFI's technical analysis shows neutral-to-bullish momentum with an RSI of 54.20, supported by a bullish divergence and increased buying pressure, as indicated by th
Why SoFi's Q3 Could Be A Turning Point
Is Apple Nearing Its Breaking Point?
Summary Berkshire Hathaway cut its Apple stake by 49.33% in Q2 2024, selling 389.37 million shares. Despite this, Apple remains 30.09% of Buffett's portfolio. JPMorgan, Vanguard and BlackRock, major Apple investors, hold increased positions in their portfolio in Apple, respectively. Vanguard increased holdings by 0.46%, while BlackRock added 0.93%, reflecting confidence in Apple’s. Apple’s iPhone revenue fell by 1% to $39.3 billion, but iPad revenue surged 24% to $7.2 billion, driven by new models. Mac revenue rose by 2% to $7 billion. Apple's RSI at 65.20 suggests the stock is nearing overbought territory, with limited short-term upside potential toward the $236 target price, signaling possible corrections or consolidation before further growth. fazon1 Investment Thesis Since our
Is Apple Nearing Its Breaking Point?
Is Walgreens Ready To Rebound?
Summary Walgreens issued $750 million in senior unsecured notes at 8.125%, refinancing 3.800% notes due in 2024, leading to a $32.4 million increase in annual interest costs. Walgreens sold its remaining Cencora shares for $1.1 billion, with a potential $55 million annual interest expense savings, reducing its ownership in Cencora from 12% to 10%. The $750 million raised will primarily reduce Walgreens' existing debt, signaling confidence in handling higher debt servicing costs. The funds will also be allocated for potential growth investments. Walgreens' partnership with Instacart to accept SNAP/EBT payments online at over 7,500 stores could potentially generate $200 million in annual sales, broadening its customer base. Walgreens reported a 37% YoY drop in adjusted EPS to $0.63 but highl
Is Walgreens Ready To Rebound?
TSMC's Secret Weapon In AI
Summary TSMC's $530.6 million acquisition of Innolux Corp's Tainan plant aims to double CoWoS capacity by 2025, addressing AI chip demand. 2024 CapEx of $30-$32 billion, with 70-80% for advanced technologies, underscores its commitment to AI, HPC, and 5G market leadership. TSMC's 28% foundry market share (2023) reflects its leadership in advanced technologies, which is expected to increase with continued innovation and capacity expansion. 53.2% Q2 2024 gross margin faces pressure from N3 technology ramp-up and rising electricity costs, despite strong revenue growth. TSMC's stock, priced at $175, shows strong upward potential with a 2024 price target of $210, supported by bullish technical indicators. redstallion/iStock via Getty Images Investment Thesis Following our May coverage of TSMC (
TSMC's Secret Weapon In AI
Here Is Why Nvidia Is A Buy Ahead Of Earnings
Summary Nvidia Corporation's momentum supports a $143 target price, fueled by strong AI demand and positive indicators. Q1 2025 revenue reached $26 billion, driven by 427% YoY growth in data center revenue. Nvidia’s upcoming Q2 earnings are expected to reflect strong AI chip demand, solidifying its continued growth trajectory. Amazon, Microsoft, and Google contribute 40%+ of Nvidia’s revenue, relying heavily on its GPUs. Nvidia holds 80% of the AI chip market, dominating with its GPUs and CUDA platform. gremlin Investment Thesis Previously skeptical due to Nvidia Corporation's (NASDAQ:NVDA) high valuation, I changed my thesis to bullish about a year ago
Here Is Why Nvidia Is A Buy Ahead Of Earnings
Starbucks' Turnaround Is Coming
Summary Starbucks has a strong competitive moat and turnaround plan focused on service efficiency, digital engagement, and extended operating hours. Technical analysis suggests a price target of $107 for SBUX stock, with potential upward momentum and bullish indicators. Starbucks appointed former Chipotle CEO Brian Niccol as its new CEO to drive growth and digital transformation, focusing on employee experience and digital advancement. Cold beverages, now 76% of Starbucks' mix, grew 4% annually in Q3 2024, driven by new products like Summer-Berry Refreshers, reflecting Starbucks' agility in meeting consumer demand. Starbucks stock is currently at $92, with a target price of $107. It is supported by bullish RSI and VPT trends, which indicate potential upward momentum and a balanced risk-rew
Starbucks' Turnaround Is Coming
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