Notes
MARKET UPDATE
CONSUMER
🔸 $SPWH Q4 adj. EPS $0.04 (est. -$0.06) on revs $340.4M (est. $329.6M), comps -0.5%. Expects positive comps in 2025; sees FY net sales -1% to +3.5% (est. +0.4%).
🔸 $TSLA sold 78,828 China-made EVs in March (-11.5% YoY); Model 3/Y deliveries +156.9% MoM.
ENERGY, INDUSTRIALS & MATERIALS
🔸 Oil dips amid tariff, sanction concerns; OPEC+ supply and mixed policies add downside risks.
🔸 $BHP considers spinning off Australian iron ore & coal units.
🔸 $ED files debt securities shelf.
🔸 $SMG upgraded to Buy at Truist.
FINANCIALS
🔸 $OZK raises dividend 2.38% to $0.43/share.
🔸 $SCHW upgraded to Buy at Citi, PT raised to $102 (from $85).
🔸 $SMA prices 27M-share offering at $30.00.
🔸 $V offers AAPL ~$100M for Apple Card deal (WSJ).
HEALTHCARE
🔸 $ANGO Q3 adj. EPS -$0.08 (est. -$0.13) on revs $72M (est. $70.3M); raises FY guidance.
🔸 $EWTX reports positive Phase 2 data for EDG-7500 in HCM trial.
🔸 $LLY clarifies no ties to HIMS, Zepbound prescribable by any licensed provider.
🔸 $ENOV names Damien McDonald CEO (effective May 12).
TECH, MEDIA & TELECOM
🔸 $MBLY selects VLN’s VA7000 chipsets for autonomous driving.
🔸 $NCNO Q4 adj. EPS -$0.09 (est. $0.19) on revs $141.4M (est. $140.8M); announces $100M buyback; guides Q1 revs $138.75-$140.75M (est. $145.47M) and EPS $0.15-$0.16 (est. $0.21).
🔸 $RMBL fires CFO Tiffany Kice (effective April 2, 2025), appoints Michael Quartieri as interim CFO.
MARKET UPDATES:
CONSUMER:
🔸 $DG upgraded to Overweight (BofA).
🔸 Macau casinos ($WYNN, $LVS, $MLCO, $MGM): Gaming revenue +0.8% YoY.
🔸 $LI: March deliveries 36,674 (+26.5% YoY).
🔸 $NIO: March deliveries 15,039 (+14% MoM).
🔸 $PVH: Q4 EPS $3.27 (beat), revenue -4.8% YoY.
🔸 $TSLA: Denmark sales -65.6% YoY.
🔸 $ULTA: Upgraded to Buy, price target raised to $423.
ENERGY & INDUSTRIALS:
🔸 $AAL, $DAL, $LUV: Downgraded (Jefferies).
🔸 Oil: Brent stabilizes after Trump’s Russia comments.
🔸 $CVX: Sells East Texas gas assets ($1.2B+ value).
🔸 $EE: 7M-share secondary offering priced at $26.50.
FINANCIALS:
🔸 $LPLA: 4.7M-share secondary offering at $320.
🔸 $V: $375M escrow deposit, reducing Class B shares.
🔸 $WRB: Downgraded (BofA).
HEALTHCARE:
🔸 $JNJ: $10B talc settlement rejected by U.S. judge.
🔸 Drugmakers: Lobby Trump to phase in pharma tariffs.
TECH & MEDIA:
🔸 $LYV, $SEAT: Fall after Trump’s executive order on ticket pricing.
🔸 $PRGS: Q1 EPS $1.31 (beat), raises full-year guidance.
🔸 $SPIR: Q4 EPS loss ($2.21), weak Q1 outlook.
📣 #Gateio Weekly Report: November 11 - November 17
💎 #Startup Projects: #GOATSEUS, $NOOB, $CELA, $NS, $ART, $AIFUN, #RAGDOLL, $V, $URO, $LUNAI, $HAPPY, $BONGO, #GO4, $SIX, $BTF.
💎 #Newlistings: $ZULU, $AAX, #GOATSEUS, $NOOB, $CELA, $NS, $ART, $AIFUN, #RAGDOLL, $V, $URO, $LUNAI, $HAPPY, $BONGO, $OLA, $PEAQ, $BAN, $USDE, $FRED.
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GTAVERSE is a GameFI project that is built on the popular GTA 5 game by @rockstargames
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MINT DATE: 13.10.24
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#Upgrades - Sep 03, 2024
$BAC: Deutsche Bank Upgrades to Buy from Hold - PT $45
$WFC: Deutsche Bank Upgrades to Buy from Hold - PT $65
$DB: Barclays Upgrades to Overweight from Equalweight
$V: Exane BNP Paribas Upgrades to Outperform from Neutral - PT $325
$BAK: Bradesco BBI Upgrades to Outperform from Neutral - PT $8.50
$XPEV: Macquarie Upgrades to Outperform from Neutral - PT $10
$KOF: Goldman Sachs Upgrades to Buy from Neutral - PT $113.70 (from $108.30)
$ADSK: HSBC Upgrades to Buy from Hold - PT $299 (from $242)
$IFF: Mizuho Upgrades to Outperform from Neutral - PT $120 (from $109)
$RDFN: B.Riley Upgrades to Buy from Neutral - PT $13 (from $7.50)
$NCNO: Raymond James Upgrades to Outperform from Market Perform - PT $38
$AAOI: Raymond James Upgrades to Outperform from Market Perform - PT $17
$MTB: JPMorgan Upgrades to Overweight from Neutral - PT $215 (from $183)
$CPAY: Wolfe Research Upgrades to Peerperform from Underperform
$ADSK: Goldman Sachs Upgrades to Neutral from Sell - PT $295 (from $225)
$NTAP: Loop Capital Upgrades to Buy from Hold - PT $150 (from $121)
$U: Morgan Stanley Upgrades to Overweight from Equalweight - PT $22
$FRGE: UBS Upgrades to Buy from Neutral - PT $3