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Daily Brief United States: Abercrombie & Fitch Co Cl A, Symbotic, USD, Academy Sports & Outdoors , Fortrea Holdings , Zephyr Energy, ACI Worldwide, Asbury Automotive, GameStop, Madison Square Garden Sports Corp. and more

By | Daily Briefs, United States

In today’s briefing:

  • Abercrombie & Fitch Co: Initiation of Coverage – Its Enhanced Product Differentiation & Expansion Responsible For The Recent Growth? – Major Drivers
  • Symbotic Inc. (SYM): Fast Growing AI-Powered Warehouse Automation Supplier
  • Global FX: An Uncomfortable Setup for USD Bulls and Bears
  • Academy Sports and Outdoors Inc.: Initiation of Coverage – Why Are We Bullish On This Sports Products Giant? – Major Drivers
  • Fortrea Holdings: Refocusing As A Pure-Play CRO But Will It Pay Off?
  • Zephyr Energy Plc (AIM: ZPHR): Potential for helium well to be drilled mid 2024
  • ACI Worldwide: Initiation Of Coverage – Expansion of SaaS Businesses & Improved Productivity with Generative AI! – Major Drivers
  • Asbury Automotive Group: Initiation of Coverage – A Dive Into Its Core Business Strategy & 5 Pivotal Factors Driving Its Growth! – Financial Forecasts
  • GameStop Corp.: Initiation of Coverage – Does This Meme Stock Still Have Any Steam? – Financial Forecasts
  • Madison Square Garden Sports: Strong Starts for Knicks and Rangers


Abercrombie & Fitch Co: Initiation of Coverage – Its Enhanced Product Differentiation & Expansion Responsible For The Recent Growth? – Major Drivers

By Baptista Research

  • Abercrombie & Fitch Co.
  • emerged from 2023 with significant achievements, marking it as a defining year for the company.
  • The brand witnessed a 15.8% increase in sales, reaching $4.28 billion, which not only represents its second highest annual sales level in history but also a testament to its robust growth strategy.

Symbotic Inc. (SYM): Fast Growing AI-Powered Warehouse Automation Supplier

By GSBR Research Pvt Ltd

  • Symbotic is a warehouse automation technology leader and offers end-to-end AI-powered robotic and software platform for supply chains.
  • SYM’s hi-tech platform forms its deep competitive moat underpinned by significant R&D spend of $800 million and 575 issued or pending patents.
  • Our positive outlook for SYM is underpinned by its hi-tech platform , a large TAM, robust order backlog ($23.2B) and its JV deal with Softbank that opens a large market.

Global FX: An Uncomfortable Setup for USD Bulls and Bears

By At Any Rate

  • Powell’s dovish tone at the press conference led to initial market reaction, but subsequent dollar rally due to revised growth and inflation forecasts in the SCP release
  • Market leaning towards higher median dot in SCP, but overall outlook remains for shallower cutting cycle by Fed
  • Yen vulnerability due to negative real yields despite BOJ rate hikes, yen weakening may impact other Asian currencies and markets

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


Academy Sports and Outdoors Inc.: Initiation of Coverage – Why Are We Bullish On This Sports Products Giant? – Major Drivers

By Baptista Research

  • This is our first report on sports products major, Academy Sports and Outdoors.
  • In the Q4 and 2023 fiscal year call of Academy Sports and Outdoors, the management reported impressive sales improvement during the quarter and significant progress in their long-term strategic objectives.
  • Sales came in at $1.8 billion, which was a 2.8% increase in total and adjusted earnings per share increased by 8%.

Fortrea Holdings: Refocusing As A Pure-Play CRO But Will It Pay Off?

By Baptista Research

  • This is our first report on Fortrea Corporation, a renowned contract research organization (CRO).
  • The company reported its fourth quarter 2023 earnings, recording revenue growth of 1.8% year-over-year to $775.4 million.
  • CEO Tom Pike praised the company’s transformation over 2023, managing to transition from a division within a larger parent company to a stand-alone entity.

Zephyr Energy Plc (AIM: ZPHR): Potential for helium well to be drilled mid 2024

By Auctus Advisors

  • In October 2023, Zephyr announced the acquisition of at least a 75% WI in the Salt Wash field, located ~3 miles to the south of the Paradox project.
  • Salt Wash has a 15 feet oil rim, above which is an inert gas cap (~500 feet of gas column) which consists of ~72% nitrogen, 22% hydrocarbon gases, and 1.4% to 1.7% helium content.
  • The field was abandoned in 2014 after having produced 1.65 mmbbl of oil and 11.7 bcf of natural gas.

ACI Worldwide: Initiation Of Coverage – Expansion of SaaS Businesses & Improved Productivity with Generative AI! – Major Drivers

By Baptista Research

  • This is our first report on software player, ACI Worldwide Inc. The company delivered a solid earnings performance for the fourth quarter and full year ended 2023.
  • The company witnessed a strong acceleration in growth, with a revenue growth of 9% and an EBITDA growth of 32% in its Biller segment.
  • The company also demonstrated growth in its banking segment, with revenue growth of 35% and 24% in its anti-fraud and real-time payment solutions respectively.

Asbury Automotive Group: Initiation of Coverage – A Dive Into Its Core Business Strategy & 5 Pivotal Factors Driving Its Growth! – Financial Forecasts

By Baptista Research

  • This is our first report on Asbury Automotive Group Inc. The company’s fourth quarter 2023 earnings showcased a year of considerable growth and progress.
  • The company delivered $14.8 billion in revenue, had a gross profit margin of 18.6%, and an adjusted earnings per share of $32.60.
  • Asbury generated an adjusted operating margin of 7.3% and an adjusted EBITDA of over $1.1 billion.

GameStop Corp.: Initiation of Coverage – Does This Meme Stock Still Have Any Steam? – Financial Forecasts

By Baptista Research

  • This is our first report on popular meme stock, GameStop Corporation.
  • GameStop’s transformation over the past two years is evident in its financial results and strategic shifts.
  • In 2021, it faced bulky debt, a diminishing cash balance and strained vendor relationships.

Madison Square Garden Sports: Strong Starts for Knicks and Rangers

By Baptista Research

  • This is our first report on Madison Square Garden Sports Corp.
  • The company’s Fiscal 2024 second quarter exhibited a mix of positives and negatives that provide a balanced perspective for potential investors.
  • Beginning with the positives, the company’s performance reflected a positive operational momentum that has resulted in a growth in revenues and adjusted operating income.

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Daily Brief United States: Micron Technology, Bitcoin, Oracle Corp, Charter Communications , Brunswick Corp, US Treasury (10 Yr Generic), Harley Davidson, BRP Group , Boyd Gaming, International Game Technology Ordinary Shares and more

By | Daily Briefs, United States

In today’s briefing:

  • Micron’s Earnings and Broadcom’s Accelerators
  • Crypto Crisp: Larry Fink vs. Gary Gensler
  • Oracle Corporation: How Long Will The Cloud Revenue Growth Last? – Major Drivers
  • Charter Communications Inc (CHTR) – Tuesday, Dec 26, 2023
  • Brunswick Corporation – Initiation Of Coverage – Does It Have A Sustainable Competitive Advantage? – Major Drivers
  • Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation
  • Harley-Davidson Inc.: Initiation of Coverage – An Analysis Of Its Competitive Advantage
  • BRP: Initiation of Coverage – 4 Pivotal Factors Driving Its Growth! – Financial Forecasts
  • Boyd Gaming Corporation – 4 Major Growth Drivers & 3 Challenges In Front Of This Company That You Must Know! – Financial Forecasts
  • International Game Technology: Initiation of Coverage – Is The Immense Growth In Gaming & Digital Segments A Valid Reason For A Bullish Rating? – Major Drivers


Micron’s Earnings and Broadcom’s Accelerators

By Douglas O’Laughlin

  • I wrote about this in my recent post about HBM, and it seems almost everything I talked about became true. HBM is going to bail out the memory markets meaningfully.
  • Let’s talk about earnings, but I was hoping you could keep this post in mind while I discuss Micron.
  • These are the kinds of beats we start to see when the cycle turns. Now, the stocks have begun to anticipate this, but given the pricing dynamics of HBM, I feel very confident in Micron’s ability to hit a new cycle high in profitability.


Crypto Crisp: Larry Fink vs. Gary Gensler

By Mads Eberhardt

  • We are witnessing an unexpected showdown in the crypto world.
  • On one side stands Larry Fink, co-founder and CEO of BlackRock, the world’s largest asset manager.
  • On the opposite side is Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC).

Oracle Corporation: How Long Will The Cloud Revenue Growth Last? – Major Drivers

By Baptista Research

  • Oracle Corporation had a strong performance in its third-quarter fiscal year 2024, with revenue in-line with expectations and EPS $0.02 above the high-end guidance.
  • However, both potential future performance and inherent risks were noted, which investors should closely observe.
  • A significant part of the discussion was centered on Oracle Cloud Infrastructure (OCI), tagged as the primary driver for the company’s overall revenue acceleration.

Charter Communications Inc (CHTR) – Tuesday, Dec 26, 2023

By Value Investors Club

  • Charter Communications is contending with a narrowing competitive advantage in the cable industry due to the entrance of new rivals like fiber overbuilders and fixed wireless providers.
  • The company must make ongoing capital investments to stay competitive, despite uncertain returns on these investments.
  • Charter’s aggressive capital allocation approach, motivated by management incentives, is raising doubts about the company’s investment potential and future outlook.

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.


Brunswick Corporation – Initiation Of Coverage – Does It Have A Sustainable Competitive Advantage? – Major Drivers

By Baptista Research

  • This is our first report on recreation products manufacturer, Brunswick Corporation.
  • Despite market headwinds, the company reports another successful year, claiming to have accomplished the second highest sales and adjusted earnings per share in its existence.
  • In particular, Brunswick stresses the progress of its strategic initiatives, continued market share increases, cost control, the launch of new products, and an enhancement in operational efficiency.

Downgrading Real Estate to Underweight; Bullish Outlook Intact; Broadening Participation

By Joe Jasper

  • Our bullish outlook initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the SPX (7-10% downside).
  • To be clear, we aren’t calling for a pullback to 4800; we view it as a worst-case scenario for the S&P 500, and we want to be prepared for anything.
  • Shorter-Term, we remain bullish on the S&P 500 and Nasdaq 100 (QQQ) as they both refuse to close below their 20-day MAs for more than 2-3 consecutive days.

Harley-Davidson Inc.: Initiation of Coverage – An Analysis Of Its Competitive Advantage

By Baptista Research

  • This is our first report on motorcycle giant, Harley-Davidson.
  • The company has demonstrated progress in key aspects of its strategic plan, the Hardwire strategy, despite challenges due to high-interest-rate environment and consumer confidence and affordability concerns impacting premium discretionary products.
  • The company’s focus on its profitable categories, innovation, and enhancing the customer experience has enhanced its business and contributed to long-term value creation.

BRP: Initiation of Coverage – 4 Pivotal Factors Driving Its Growth! – Financial Forecasts

By Baptista Research

  • This is our first report on powersport vehicles and marine products, BRP Inc. The company’s fiscal year 2024 third quarter results conference call highlighted mixed performances across its categories of operation.
  • Revenue reached $2.5 billion, which fell short of expectations due to softer demand in international markets and a temporary slowdown at the Texas-Mexico border.
  • Although these conditions negatively impacted deliveries of its off-road vehicles and ETVs over three weeks, normalcy has been restored.

Boyd Gaming Corporation – 4 Major Growth Drivers & 3 Challenges In Front Of This Company That You Must Know! – Financial Forecasts

By Baptista Research

  • This is our first report on Boyd Gaming Corporation.
  • The company’s fourth-quarter earnings call wrapped up another successful year for the company.
  • Throughout 2023, they maintained strong performances and achieved record revenues and EBITDAR. This success is largely thanks to a diverse portfolio which includes strong growth from their online and managed businesses.

International Game Technology: Initiation of Coverage – Is The Immense Growth In Gaming & Digital Segments A Valid Reason For A Bullish Rating? – Major Drivers

By Baptista Research

  • This is our first report on gaming technology player, International Game Technology PLC (IGT).
  • The company ended fiscal year 2023 with an impressive set of accomplishments, with their Q4 operating income growing 11% and significant free cash flow generation.
  • This enabled them to meet their fiscal year 2023 financial goals which were raised twice during the year.

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Daily Brief United States: Samsonite, Tesla , Cocoa Futures, Root /OH, elf Beauty Inc, Ecovyst, Vera Bradley, NVIDIA Corp and more

By | Daily Briefs, United States

In today’s briefing:

  • Samsonite (1910 HK): Dual-Listing Musings
  • Tesla Q1 Trends: Rockslide
  • Fund Managers Commodity Positioning // Cocoa’s Historic Run Continues…
  • Fallacy Alarm’s Elevator Pitch Party
  • elf Beauty Inc – STCB: 4Q Preview; Shooting Higher in 2024; Reiterate Buy, $0.25 PT
  • ECVT: Rearranging the Year, Not Cash Flow
  • VRA: Snapping the Store: Belle Shines, Getting New Day Ready, Reiterate Buy, PT
  • Episode 60: Takeaways, observations, and insights from Nvidia GTC


Samsonite (1910 HK): Dual-Listing Musings

By David Blennerhassett

  • It seems like every week, Bloomberg reports a HK-listed company weighing privatisation options. HKBN (1310 HK), ESR (1821 HK), and Samsonite (1910 HK) have all been rumoured of late.
  • Last Friday, Samsonite announced it was focused on pursuing the listing of its shares on a second exchange.
  • No preferred exchange was mentioned. Nor whether the goal is to secure a dual primary listing, or a secondary listing. A buyout, for now, appears to be on the backburner.

Tesla Q1 Trends: Rockslide

By Vicki Bryan

  • You know it’s bad when Tesla’s delivery trends blow through even my lowest estimates, which already had trailed market projections.
  • With no help from the hapless CyberTruck which, not surprisingly, continues to shoot Tesla in the foot.
  • See my latest Q1 and full-year estimates—which still prove to be too high.

Fund Managers Commodity Positioning // Cocoa’s Historic Run Continues…

By The Commodity Report

  • Fund Manager Positioning In March fund managers added to their energy position but reduced overall commodities like grains, softs and metals on a MoM basis — the latest BofA survey shows.
  • Investors have been underweight commodities now for the past 4 months (longest underweight streak since Aug’19) Compared to the past 20-year z-score, fund managers remain heavily underweight in commodities and even more in energy.
  • In March fund managers added to their energy position but reduced overall commodities like grains, softs and metals on a MoM basis — the latest BofA survey shows.

Fallacy Alarm’s Elevator Pitch Party

By Fallacy Alarm

  • Fiscal spending has been the key driver for this bull market as it reaccelerated in late 2022 following the inflation and subsequent interest rate shock.
  • This impulse will likely diminish over the next months. It will be replaced by a credit impulse from rate cuts, the first few of which will be very powerful.
  • Market mechanics will be accommodating. Leverage in the system is low. In fact, the pain trade is still higher.

elf Beauty Inc – STCB: 4Q Preview; Shooting Higher in 2024; Reiterate Buy, $0.25 PT

By Small Cap Consumer Research

  • We are reiterating our Buy rating and $0.25 price target for Starco Brands with the company announcing 4Q23 (December) results after the close on Monday.
  • We believe 2024, with a full compliment of unique, value-added brands which leverage Starco’s aerosol and marketing infrastructure in hand, and a laser focus on adding key categories and new relationships, is shaping up as another year of material progress for Starco.
  • We believe there are also continued margin expansion opportunities from both economies of scale and the company’s manufacturing expertise.

ECVT: Rearranging the Year, Not Cash Flow

By Hamed Khorsand

  • The macroeconomic conditions continue to pose as a tailwind for Ecovyst (ECVT) with commodity prices holding and the USA’s GDP expected to remain positive in 2024
  • ECVT faced several challenges in 2023 that should be a non-factor in 2024’s financial results. ECVT has already set expectations for a soft first half of the year
  • The scheduled maintenance cycle at oil refineries played a role in ECVT’s fourth quarter results and how ECVT is projecting 2024 to pan out

VRA: Snapping the Store: Belle Shines, Getting New Day Ready, Reiterate Buy, PT

By Small Cap Consumer Research

  • We are reiterating our Buy rating, $10 price target and projections for Vera Bradley after visiting stores in Connecticut and Long Island.
  • We believe, as we near the launch of management’s full vision for Vera Bradley in July, both the outlets and main line locations increasingly reflect what is being added and what will be discarded in the shift.
  • As such, we are seeing less inventory, especially in the outlet stores, flow in; further, there is an increasing emphasis on core categories, especially handbags, totes and luggage.

Episode 60: Takeaways, observations, and insights from Nvidia GTC

By The Circuit

  • Jensen Huang showcased Nvidia’s dominance in the data center during his keynote address
  • Nvidia’s new Blackwell architecture involves stitching together two monolithic cores, not using chiplets, to create a single functioning chip
  • The innovation behind Blackwell and its impact on Nvidia’s technological advancements were not fully appreciated during the event, highlighting the complexity and ingenuity of the design.

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


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Daily Brief United States: SPDR S&P 500, Marathon Digital Holdings, IO Biotech Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • This Bull Run Is Nowhere Near Finished
  • Marathon Digital Holdngs Inc (MARA) – Sunday, Dec 24, 2023
  • Io Biotech Inc (IOBT) – Sunday, Dec 24, 2023


This Bull Run Is Nowhere Near Finished

By Cam Hui

  • A review of the structure of the stock market makes us long-term bullish.
  • Growth stocks, as proxied by the NASDAQ 100, are weakening but a rotating correction is evident as value stocks are taking up the leadership mantle.
  • That said, the S&P 500 is short-term extended and can pull back at any time, with initial support at about 5000 and strong secondary support at about 4800.

Marathon Digital Holdngs Inc (MARA) – Sunday, Dec 24, 2023

By Value Investors Club

  • Crypto mining requires high capital investment, faces volatile bitcoin prices, and will experience upcoming revenue cuts due to the halving on April 16th
  • Experts believe the risks outweigh the potential for short-term success in crypto mining, making it unlikely to generate significant free cash flow in the long term
  • Examples like MARA, which saw a significant increase in revenue at a small fraction of its market value, showcase the precarious nature of the industry

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.


Io Biotech Inc (IOBT) – Sunday, Dec 24, 2023

By Value Investors Club

  • Despite struggles in the biotech sector, there are opportunities for value investors in undervalued companies like IO Biotech (IOBT)
  • IOBT is trading at a deep discount to net cash and is fully funded through 2025, making it an attractive investment option
  • Previous recommendation from a well-regarded investor highlights the potential for success in IOBT’s ongoing Phase 3 trials, with a potential upcoming catalyst for significant upside

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.


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Daily Brief United States: ModivCare and more

By | Daily Briefs, United States

In today’s briefing:

  • ModivCare (MODV US): Decelerating Revenue Growth and Margin Erosion; Bumpy Road Ahead


ModivCare (MODV US): Decelerating Revenue Growth and Margin Erosion; Bumpy Road Ahead

By Tina Banerjee

  • ModivCare (MODV US) issued 2024 revenue guidance, which fell short of consensus. The company anticipates 2024 adjusted EBITDA to be $190–210M, down 2% YoY at mid-point.
  • NEMT segment is witnessing decelerating quarterly revenue growth and lower margins. Gross profit per trip of NEMT segment is expected to decline 25% YoY and QoQ to $5.69 in 1Q24.
  • Modivcare will see improvement in financial performance no sooner than 2H24. Shares plunged 44% YTD. No recovery is expected in near-term.

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Daily Brief United States: Ethereum, Tesla Motors, Adobe Systems, Jabil Circuit, Dentsply International, Intel Corp, PagerDuty Inc, Topbuild Corp, Esperion Therapeutics, Dollar Tree Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • Crypto Moves #20 – Ethereum Will Never Be the Same
  • Tesla Increases Price of Model Y in China in Sign That Price War Is Easing
  • Adobe Inc.: When Will Its Adoption Of Generative AI Reflect On Its Top-Line? – Major Drivers
  • Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers
  • Dentsply International (XRAY US): Sombre Growth Outlook and Pricey Valuation
  • Intel. CHIPS Act Funding Ceremony Overshadowed By Reports Of New Fab Delays
  • PagerDuty Inc.: Will Its Accelerated Adoption of Operations Cloud Platform Catalyze Revenue Growth In 2024 & Beyond? – Major Drivers
  • Topbuild Corp (BLD) – Thursday, Dec 21, 2023
  • Esperion Therapeutics Inc (ESPR) – Friday, Dec 22, 2023
  • Dollar Tree: How Long Will The Family Dollar Underperformance Continue? – Major Drivers


Crypto Moves #20 – Ethereum Will Never Be the Same

By Mads Eberhardt

  • Last Wednesday, on March 13th, Ethereum launched its biggest upgrade in the past 18 months, marking a significant milestone since the Ethereum Merge on September 15, 2022.
  • Dubbed Dencun or Cancun-Deneb, this upgrade introduced the eagerly awaited Proto-Danksharding feature, aimed at dramatically enhancing the scalability of Ethereum’s Layer 2, also known as rollups, and slashing the costs associated with rollup transactions, while making them less volatile.
  • Proto-Danksharding brought to the table so-called ‘blobs’.

Tesla Increases Price of Model Y in China in Sign That Price War Is Easing

By Caixin Global

  • Tesla Inc. will increase the price of its popular Model Y crossover by 5,000 yuan ($694) in China, a move that offers rivals a temporary reprieve as a raging price war engulfs the world’s largest auto market.
  • The price rise on China-made Model Y vehicles will start on April 1, Tesla confirmed with Caixin Wednesday. Meanwhile, some of the extras offered by Tesla to its Chinese customers, including an 8,000-yuan insurance subsidy, will expire on March 31.
  • Tesla previously announced a price increase of $1,000 for the Model Y in the United States and 2,000 euros ($2,542) in Europe.

Adobe Inc.: When Will Its Adoption Of Generative AI Reflect On Its Top-Line? – Major Drivers

By Baptista Research

  • Adobe Inc.
  • delivered robust financial results for the first quarter of fiscal year 2024, with a revenue of $5.18 billion.
  • This represents a 12% year-over-year growth, demonstrating the significant role of Adobe products in powering the global digital economy.

Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers

By Baptista Research

  • The second quarter of fiscal year 2024 saw Jabil Inc.
  • achieve approximately $6.8 billion in revenue.
  • This performance was in line with the guidance for the majority of the company’s businesses.

Dentsply International (XRAY US): Sombre Growth Outlook and Pricey Valuation

By Tina Banerjee

  • Dentsply International (XRAY US) guided for 2024 revenue of $3.96–4.02B, flat to up 1.5% on an organic basis and 12% growth in 2024 EPS at midpoint.
  • The macro environment continues to be challenging. The company anticipates the ongoing softness in imaging will continue in 2024. Cost savings will support the bottom-line growth.
  • In terms of every valuation metrics, Dentsply is overpriced compared to its U.S.-listed peers. Strong balance sheet, accelerating dividend, and buyback do not justify the pricey valuation.

Intel. CHIPS Act Funding Ceremony Overshadowed By Reports Of New Fab Delays

By William Keating

  • Intel snags $8.5 billion in direct funding through the CHIPS and Science Act to advance its commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon.
  • Investment Tax Credit (ITC) of up to 25% on > $100 billion in qualified investments and eligibility for federal loans up to $11 billion are also on offer
  • Meanwhile, two separate reports suggest delays of up to two years in Ohio and suppliers in Arizona unable/unwilling to meet previous commitments to establish local supply chains. Ouch!

PagerDuty Inc.: Will Its Accelerated Adoption of Operations Cloud Platform Catalyze Revenue Growth In 2024 & Beyond? – Major Drivers

By Baptista Research

  • In the Fourth Quarter and Full Fiscal Year 2024 Results, PagerDuty demonstrated solid growth, indicating the company’s steady progression in the market.
  • The full-year revenue grew 16% year over-year, and non-GAAP operating margin expanded to 13%.
  • Similarly, in the fourth quarter, revenue grew 10% to $111 million, exceeding the high end of the company’s guidance range.

Topbuild Corp (BLD) – Thursday, Dec 21, 2023

By Value Investors Club

  • BLD offers comprehensive services for roofing, including material selection, expert installation, and post-installation service.
  • They are known for their focus on high-quality materials, professional installation, and exceptional customer service.
  • BLD has established itself as a leader in the industry, serving both residential and commercial markets with a commitment to meeting the evolving needs of the construction industry.

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.


Esperion Therapeutics Inc (ESPR) – Friday, Dec 22, 2023

By Value Investors Club

  • ESPR pharmaceutical company has two commercialized drugs and could potentially double in value with a $300 million milestone payout
  • Ongoing litigation with DSE due to failure to meet payment obligations under a milestone agreement
  • ESPR entitled to a Regulatory Milestone Payment pending regulatory approval for a licensed product in DSE territory, making it a strong investment opportunity with potential for high returns

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.


Dollar Tree: How Long Will The Family Dollar Underperformance Continue? – Major Drivers

By Baptista Research

  • Dollar Tree, Inc., in their latest quarterly earnings, reported continued progress in their organizational transformation towards establishing a foundation for sustainable growth.
  • The company experienced growth across the retail metrics of sales per square foot, transactions, and units sold, indicating an overall positive momentum in the business.
  • It reported an increase of 12% in consolidated net sales to $8.6 billion in the fourth quarter of 2023, including a $560 million benefit from the year’s 53rd week.

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Daily Brief United States: Micron Technology, Pepsico Inc, PetroTal, Steelcase Inc Cl A, WK Kellogg , Blackline Inc, Xponential Fitness , Guess? Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • Micron. Back In The Black & No Going Back
  • Pepsico Inc (PEP) – Thursday, Dec 21, 2023
  • PetroTal Corp (AIM: PTAL): Delivering on Guidance
  • Steelcase, Inc. – 4Q Results; Guidance Roughly In Line
  • Wk Kellogg Co -Spn (KLG) – Thursday, Dec 21, 2023
  • Blackline Inc. (BL) – Thursday, Dec 21, 2023
  • Xponential Fitness, Inc. (XPOF) – Thursday, Dec 21, 2023
  • GES; 4Q Review: Best Still in Store for GUESS?; Reiterate Buy & Raising PT


Micron. Back In The Black & No Going Back

By William Keating

  • Q224 revenues of $5.8 billion, up 23% QoQ and up 58% YoY. It also well above the high end of the guided range of $5.5 billion.
  • Net income turned positive & amounted to $476 million. This compares to a loss of $1 billion in Q124
  • Forecasting current quarter revenues of $6.6 billion & gross margin of 26.5% at their respective midpoints

Pepsico Inc (PEP) – Thursday, Dec 21, 2023

By Value Investors Club

  • PepsiCo is a global company with significant presence in both snacks and beverages, generating around $80 billion in revenue
  • Despite the impact of COVID-19 on its business, PepsiCo has maintained strong performance
  • The company’s Beverages North America segment contributes a third of sales but only 22% of EBIT, while Frito Lay North America accounts for 25% of sales but 50% of EBIT

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.


PetroTal Corp (AIM: PTAL): Delivering on Guidance

By Auctus Advisors

  • FY23 production of 14,248 bbl/d had been reported previously and the YE23 cash position of US$105 mm (including ~US$15 mm of restricted cash) is very close to previous indications.
  • PetroTal is re-iterating its FY24 production guidance of ~17 mbbl/d with US$134 mm capex.
  • Production currently trends ahead of guidance with 24,453 bbl/d in January and 17,411 bbl/d in February.

Steelcase, Inc. – 4Q Results; Guidance Roughly In Line

By Water Tower Research

  • After the close Wednesday, Steelcase reported 4QFY24 non-GAAP adjusted EPS of $0.23, ahead of our $0.22 estimate and consensus of $0.21.
  • 4QFY24 global revenue was $775 million, modestly missing our estimate by ~$9 million.
  • FY24 non-GAAP adjusted EPS was $0.93, up from $0.56 in FY23, and revenue was $3.16 billion, down 2.6%.

Wk Kellogg Co -Spn (KLG) – Thursday, Dec 21, 2023

By Value Investors Club

  • WK Kellogg is a consumer staple company with low risk and attractive valuation
  • Recent spin-off has unlocked self-help opportunities for potential upside for patient shareholders
  • Projections show EBITDA margin growth, significant upside in sales growth and free cash flow, with focus on cereal brands and achieving mid-teens EBITDA margins by end of 2026, projected 100-250% total upside over three years.

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.


Blackline Inc. (BL) – Thursday, Dec 21, 2023

By Value Investors Club

  • BlackLine is a company that sells accounting software and Director Mika Yamamoto sold 35% of her holdings in November 2023 at $54/share.
  • The sale was below previous highs, raising questions about the company’s prospects in the accounting software market.
  • BlackLine’s niche position in bridging the gap between internal systems and third-party software streamlines manual processes for controllers, and Yamamoto’s insider behavior adds an interesting component to the company’s outlook.

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.


Xponential Fitness, Inc. (XPOF) – Thursday, Dec 21, 2023

By Value Investors Club

  • Xponential Fitness has shown strong financial performance post IPO, with adjusted EBITDA increasing significantly
  • The company faced a coordinated short attack leading to a major drop in share price in 2023
  • Shares are currently undervalued with strong growth potential and valuable assets, making it an attractive investment opportunity

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.


GES; 4Q Review: Best Still in Store for GUESS?; Reiterate Buy & Raising PT

By Small Cap Consumer Research

  • We are reiterating our Buy rating on GES, raising our price target to $37 (from $32.50) and rolling out FY26 projections after Guess?
  • ended FY24 with a strong 4Q which easily beat both top and bottom line Street expectations and announced a $2.25 per share special dividend.
  • Further, initial FY25 projections, which incorporate the acquisition of Rag & Bone, handily beat Street top line projections and bracket bottom line expectations, even as Guess?

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Daily Brief United States: Micron Technology, Reddit , Sunpower Corp, Boku Inc, Encore Capital Group, Tempur Sealy International and more

By | Daily Briefs, United States

In today’s briefing:

  • The First Semi-Micron to Guide 2Q24; All Good News Except MOI
  • Reddit IPO – Quick Thoughts on Valuation
  • Micron Earnings: HBM Driving Price Increases in Other Sectors
  • Sunpower (SPWR) – Wednesday, Dec 20, 2023
  • Boku – Making the complex simple for global merchants
  • Encore Capital Group Inc (ECPG) – Wednesday, Dec 20, 2023
  • Tempur Sealy International: What Is The Latest Update On The Mattress Firm Acquisition?


The First Semi-Micron to Guide 2Q24; All Good News Except MOI

By Andrew Lu

  • Earlier expectation on Micron will have rooms to raise becoming a reality, largely driven by over 30% q/q NAND bit price jump for storage business in 1Q24.
  • 10ppts stronger 2Q24 sales guidance and 3-6ppts higher gross margin guidance are driving free cash flow improvement.
  • AI server, PC, and smartphone driving DRAM bit demand and HBM3e/HBM4 and 1-gamma EUV DRAM slowing bit supply growth both are positive except MOI remains 15% above 5 years average. 

Reddit IPO – Quick Thoughts on Valuation

By Ethan Aw

  • Reddit (RDDT US) is looking to raise up to US$750m in its US IPO.
  • Reddit is an online social media platform where users are able to join communities, engage in conversations, research, exchange goods and services as well as create new communities.
  • In our previous note, we talked about the company’s historical performance. In this note, we share our quick thoughts on valuation.

Micron Earnings: HBM Driving Price Increases in Other Sectors

By Jim Handy

  • Micron Technology reported very positive revenues this quarter and a return to profitability
  • A large part of this stems from the impact that HBM demand is constraining production of standard DDR5 DRAM, driving it into a shortage
  • This is good news for Micron and its DRAM competitors Samsung and SK hynix

Sunpower (SPWR) – Wednesday, Dec 20, 2023

By Value Investors Club

  • Sunpower is facing a severe liquidity problem and may need to raise $100-300 million before January to avoid bankruptcy
  • The company operates as a wholesaler of residential retail solar panel systems, providing equipment to third-party developers or selling directly to residential customers
  • Trade credit tightening terms and potential customer hesitation due to financial instability are contributing to Sunpower’s uncertain future

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.


Boku – Making the complex simple for global merchants

By Edison Investment Research

Boku’s strategy to widen its offering within the local payment method (LPM) market accelerated FY23 revenue growth to 30%, with 15% growth from the core direct carrier billing (DCB) business and supplemented by 153% growth from eWallets and real-time payments. EBITDA grew 27% y o y as the company continued to invest in building out its LPM network from a technological and regulatory perspective. With all major merchants using or planning to use Boku’s wider portfolio of payment methods, the company should benefit from faster growth in the non-card payment market and be able to leverage the investment it has made in its mobile-first platform to drive growth in earnings and cash generation.


Encore Capital Group Inc (ECPG) – Wednesday, Dec 20, 2023

By Value Investors Club

  • Debt buyers like ECPG can accelerate growth during times of increased charge offs by credit card issuers
  • Growth is impacted by tough collections environment with an abundance of cheap charged off paper
  • Investors must consider buying these stocks when growth prospects are high and expectations have factored in collection challenges, as industry may soon enter a favorable cycle for debt buyers

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.


Tempur Sealy International: What Is The Latest Update On The Mattress Firm Acquisition?

By Baptista Research

  • This is our first report on Tempur Sealy International Inc., a global bedding company.
  • The company released its Q4 2023 earnings recently.
  • The company emphasized its strong business model, highlighting significant cash flow and a robust balance sheet.

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Daily Brief United States: Reddit , Southern Copper, Endeavor Group Holdings , Global Business Travel Group I, GoodRx Holdings Inc, Autozone Inc, Synopsys Inc, Vail Resorts, BJ’s Wholesale Club Holdings, elf Beauty Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • Reddit IPO – Well-Known Brand but Sustainability of Growth Is Questionable
  • Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support
  • Endeavor Group Holdings (EDR) – Tuesday, Dec 19, 2023
  • Global Business Travel Group Inc.: Initiation Of Coverage – Emphasis on Digital Transactions
  • GoodRx Holdings Inc.: Initiation Of Coverage – 4 Pivotal Factors That Are Shaping Its Growth Journey! – Major Drivers
  • AutoZone Inc.: 6 Pivotal Factors That Are Shaping Its Growth Journey! – Major Drivers
  • Synopsys Inc (SNPS) – Tuesday, Dec 19, 2023
  • Vail Resorts: Initiation Of Coverage – Its Dynamic Pricing Strategy & High Customer Loyalty Are Potential Game Changers! – Major Drivers
  • BJ’s Wholesale Club Holdings: Initiation Of Coverage – Decoding the 4 Primary Contributors to Its Growth Surge! – Major Drivers
  • e.l.f. Beauty Inc.: Initiation Of Coverage – The 4 Fundamental Aspects Fueling Its Growth Uncovered! – Major Drivers


Reddit IPO – Well-Known Brand but Sustainability of Growth Is Questionable

By Ethan Aw

  • Reddit (RDDT US) is looking to raise up to US$750m in its US IPO. 
  • Reddit is an online social media platform where users are able to join communities, engage in conversations, research, exchange goods and services as well as create new communities.  
  • In this note, we talk about the company’s historical performance.

Upgrading Materials to Market Weight; Rotation into Commodity Sectors; SPX/NDX Holding Above Support

By Joe Jasper

  • We have discussed for weeks that we will need to see the SPX and Nasdaq 100 close below their 20-day MAs for 2-3 consecutive days in order to get cautious.
  • This still hasn’t happened (short-term trend remains bullish). If we get 2-3 closes below the 20-dayMAs, next support would be 4983-5050 on SPX, $425-$433 on QQQ (gap supports from 2/22/24)
  • If some or all of these gaps remain unfilled, it is a sign that bulls remain in control. We are seeing a rotation into commodity Sectors, we highlight several buys

Endeavor Group Holdings (EDR) – Tuesday, Dec 19, 2023

By Value Investors Club

  • EDR is likely to be acquired at a premium price in the near future, offering an attractive risk-reward opportunity for investors.
  • Key assets like a stake in TKO, talent representation business (WME), and events business (EE&R) are considered valuable to potential buyers.
  • EDR announced a review of strategic alternatives on 10/25/23, with CEO Ariel Emanuel noting the need to maximize value for shareholders due to a disconnection between stock price and asset value.

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.


Global Business Travel Group Inc.: Initiation Of Coverage – Emphasis on Digital Transactions

By Baptista Research

  • This is our first report on American Express Global Business Travel (GBT).
  • The company recently released Q4 2023 earnings.
  • On a positive note, the company delivered impressive financial results, with standout numbers including 24% year-over-year revenue growth and a roughly fourfold increase in adjusted EBITDA. Paul Abbott, CEO, attributed this strong performance to share gains and a focus on margin expansion.

GoodRx Holdings Inc.: Initiation Of Coverage – 4 Pivotal Factors That Are Shaping Its Growth Journey! – Major Drivers

By Baptista Research

  • This is our first report on GoodRx Holdings Inc.
  • The company announced its fourth-quarter earnings and highlighted significant progress which included saving consumers approximately $15 billion last year, increasing their access to affordable medications while expanding their relationships with retail partners through hybrid retail direct and Pharmacy Benefit Manager (PBM) contracting and cost savings 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.

AutoZone Inc.: 6 Pivotal Factors That Are Shaping Its Growth Journey! – Major Drivers

By Baptista Research

  • AutoZone’s Q2 2024 earnings were decent and the company reported an increase in total sales by 4.6%, and same-store sales by 1.5% on a constant currency basis.
  • The management is banking on strong international growth prospects for the short and long terms and has plans to accelerate new store openings over the coming years.
  • Operating profit and earnings per share grew by double-digit rates, a continuation of the strong performance seen in recent years.

Synopsys Inc (SNPS) – Tuesday, Dec 19, 2023

By Value Investors Club

  • Synopsys (SNPS) is recommended as a good long-term holding
  • Software Integrity business likely to be divested to improve overall profitability
  • EDA and IP divisions of the company have been performing well with adjusted operating margins of over 30%

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.


Vail Resorts: Initiation Of Coverage – Its Dynamic Pricing Strategy & High Customer Loyalty Are Potential Game Changers! – Major Drivers

By Baptista Research

  • This is our first report on Vail Resorts.
  • The company’ fiscal 2024 second quarter results, presented during their recent earnings call, reflect a business model demonstrating resilience despite unfavorable conditions across its North American resorts.
  • There was approximately 42% lower snowfall across their Western North American resorts compared to the same period in the previous year.

BJ’s Wholesale Club Holdings: Initiation Of Coverage – Decoding the 4 Primary Contributors to Its Growth Surge! – Major Drivers

By Baptista Research

  • This is our first report on BJ’s Wholesale Club.
  • In the fourth quarter of 2023, BJ’s Wholesale Club Holdings delivered strong results underpinned by the growth in membership, traffic, and market share.
  • The company achieved comparable club sales growth (excluding gas sales) of 0.5% for the quarter, bringing the full-year figure to 1.7%.

e.l.f. Beauty Inc.: Initiation Of Coverage – The 4 Fundamental Aspects Fueling Its Growth Uncovered! – Major Drivers

By Baptista Research

  • This is our first report on cosmetics player, e.l.f Beauty.
  • The company’s third quarter 2022 earnings call ended with the company experiencing significant growth across the board.
  • CEO, Tarang Amin highlighted that net sales increased by 85%, gross margin by nearly 350 basis points and adjusted EBITDA by 61%, compared to the previous year.

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Daily Brief United States: E.W. Scripps Co/The A, Coursera , C3.ai Inc, Bitcoin, Gold, Kulicke And Soffa Industries,, Envestnet Inc, IonQ , Establishment Labs Holdings In, Tripadvisor Inc and more

By | Daily Briefs, United States

In today’s briefing:

  • Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs
  • Coursera Inc.: Initiation Of Coverage – What Makes This Ed-Tech Giant Tick? – Major Drivers
  • C3.ai (AI):- Expansion Of The Generative AI Market & 3 Other Fundamental Aspects Fueling Its Growth!
  • Crypto Crisp: Profit-Taking
  • Gold and Bitcoin Rallye & CTA Positioning Update
  • Kulicke and Soffa Industries: A Story Of Continued Leadership in Core Markets
  • Envestnet Inc.: Initiation Of Coverage – Discover the Top 6 Drivers Behind Its Rapid Expansion! – Financial Forecasts
  • IonQ Inc.: Initiation Of Coverage – Accelerating Innovation Through Hybrid Quantum Computing! – Major Drivers
  • Establishmnt Lbs Hldng (ESTA) – Monday, Dec 18, 2023
  • Tripadvisor Inc (TRIP) – Monday, Dec 18, 2023


Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs

By Travis Lundy

  • The S&P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
  • The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.
  • In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.

Coursera Inc.: Initiation Of Coverage – What Makes This Ed-Tech Giant Tick? – Major Drivers

By Baptista Research

  • This is our first report on ed-tech major, Coursera.
  • The company had a successful fourth quarter, marking a strong close to the year.
  • The company welcomed 24 million new learners in this period, bringing their base to more than 140 million and seeing an increase in annual revenue of 21% over the previous year.

C3.ai (AI):- Expansion Of The Generative AI Market & 3 Other Fundamental Aspects Fueling Its Growth!

By Baptista Research

  • This is our first report on AI software platform company, C3 AI. The company has demonstrated positive performance in their third-quarter fiscal 2024 results with a total revenue of $78.4 million, marking an 18% YoY growth and surpassing their guidance range.
  • The total number of customer engagements has also seen an increase of 80% compared to the previous year.
  • The company reported a non-GAAP gross profit of $54.7 million with a gross margin standing at 70%.

Crypto Crisp: Profit-Taking

By Mads Eberhardt

  • Recently, we have voiced our concerns about the excessive use of leverage in the crypto market.
  • Just last week, traders were facing annual rates of up to 150% to maintain long positions in Bitcoin on the perpetual market.
  • By the end of the week, it became evident that this approach was unsustainable, leading to a significant market correction and extensive liquidations in the futures market.

Gold and Bitcoin Rallye & CTA Positioning Update

By The Commodity Report

  • Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market.
  • While the Fed Funds Rate remains high at 5,5% – liquidity conditions in the market is what really matters for both safe haven assets.
  • Meanwhile, J.P. Morgan announced that gold is their number one pick in the commodities market. According to them, the price has room to rise towards $2.500.

Kulicke and Soffa Industries: A Story Of Continued Leadership in Core Markets

By Baptista Research

  • This is our first report on capital equipment manufacturer, Kulicke and Soffa Industries Inc.
  • The company delivered their Q1 2024 earnings recently, announcing an impressive revenue of $171.2 million for the December quarter.
  • However, not all news from the call was as positive because GAAP net income stood at only $9.3 million, alongside non-GAAP earnings per share at $0.3. However, this was still slightly higher than the guidance midpoint.

Envestnet Inc.: Initiation Of Coverage – Discover the Top 6 Drivers Behind Its Rapid Expansion! – Financial Forecasts

By Baptista Research

  • This is our first report on Envestnet, a leading provider of integrated wealth management solutions.
  • The company announced strong financial results for the fourth quarter and full year of 2023 in its latest earnings call.
  • The company reported solid growth and successfully executed its strategic initiatives, leading to significant margin expansion.

IonQ Inc.: Initiation Of Coverage – Accelerating Innovation Through Hybrid Quantum Computing! – Major Drivers

By Baptista Research

  • This is our first report on quantum computing systems producer, IONQ. The company has reported its Fourth Quarter and Full Year 2023 earnings, showing strong performance within the quantum computing sector.
  • The company generated $6.1 million in Q4, bringing the total recognized revenue to over $22 million for the full year, exceeding the upper end of their projected range.
  • For the year, IonQ achieved $65.1 million in bookings, greatly surpassing its original bookings midpoint of $40 million, providing evidence of successful performance by both the technical and commercial team.

Establishmnt Lbs Hldng (ESTA) – Monday, Dec 18, 2023

By Value Investors Club

  • Establishment Labs is a Costa Rican company known for manufacturing and selling breast implants, with their Motiva implant gaining market share from competitors.
  • The stock price of ESTA has recently dropped significantly due to a weak Q3 and lowered guidance, presenting an opportunity for investors to get into the dominant player in the breast augmentation market at a discounted price.
  • With Motiva having a low rupture rate and no cases of associated cancers, analysts value ESTA at approximately $100 a share on a DCF basis, making it a compelling investment opportunity for potential growth.

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.


Tripadvisor Inc (TRIP) – Monday, Dec 18, 2023

By Value Investors Club

  • Viator offers a wide range of unique activities and tours around the world
  • The Fork allows users to book tables at restaurants globally
  • TripAdvisor remains a key player in the travel industry with an undervalued stock, presenting an attractive investment opportunity

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.


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