Daily BriefsUnited States

Daily Brief United States: Amazon.com Inc, Ethereum, NFT, Texas Instruments, Elastic NV, Gold, Chipotle Mexican Grill, Ecovyst, United Parcel Service Cl B, ATN International and more

In today’s briefing:

  • Amazon 2Q22: Delivering an Inflection Point
  • #33 To be or not to be a security
  • Sporting Crypto – August 1st 2022: Immortalising Geoff Hurst’s Memories Using NFTs
  • Texas Instruments: New Semiconductor Plants & Other Developments
  • Elastic NV: Initiation of Coverage – Enhancements To The Elastic Observatory Solution & Other Drivers
  • The Commodity Report #62
  • Chipotle Mexican Grill Inc.: Expansion of the Loyalty Program & Other Developments
  • ECVT: Echoes of Free Cash Flow
  • United Parcel Service Inc.: Expansion In The Indian Market & Other Developments
  • ATNI: Network Expansion

Amazon 2Q22: Delivering an Inflection Point

By Aaron Gabin

  • Profitability ready to kick in again as Amazon grows into the overbuilt warehouse capacity and headcount from the past few quarters. 3Q22’s guidance clearly conservative based on 2Q22’s outperformance.
  • Revenue reacceleration beginning to play out. 2Q22’s 7% leading to 3Q22’s 15%, and back to the 20%s by 2023.
  • AWS continues its indomitable run. $79B TTM revenues are growing 37% with 31% margins.

#33 To be or not to be a security

By Carbono Insights

  • To be or not to be a security. The question of whether cryptocurrencies are securities or commodities (or another type of asset, for that matter) does not have a final answer yet.
  • However, it has been on the table for a long time.
  • Commodities are interchangeable goods, and securities are financial assets, in a dangerously short definition.

Sporting Crypto – August 1st 2022: Immortalising Geoff Hurst’s Memories Using NFTs

By Sporting Crypto

  • Most sport athlete NFT projects are awful.
  • But this project, that immortalises legendary England striker Geoff Hurst’s memories – in NFT form – is pretty awesome.
  • World Cup Winner Geoff Hurst is digitally preserving his memories of the 1966 World Cup Final for The Everlasting Memory Project in support of Alzheimer’s Research UK.

Texas Instruments: New Semiconductor Plants & Other Developments

By Ishan Majumdar

  • Texas Instruments delivered its third consecutive all-around beat in the recent result with a reported revenue of $5.21 billion this quarter.
  • Among major developments, Texas Instruments has recently broken the ground on the new semiconductor plants of 300-mm for water fabrication in Sherman, Texas.
  • Texas Instruments has a strong balance sheet and the management continues investing in building capacity.

Elastic NV: Initiation of Coverage – Enhancements To The Elastic Observatory Solution & Other Drivers

By Ishan Majumdar

  • This is our first report on Elastic NV, a major technology solutions provider catering to multi-cloud environments.
  • All over the year, customers continued to adopt Elastic Cloud, expanding over use cases and increasing consumption as there was a growth in the enterprise data.
  • Elastic continues expanding its land-and-expand approach because customers wish to adopt over one Elastic solution to support their business initiatives.

The Commodity Report #62

By The Commodity Report

  • Commodities rallied as the dollar weakened and real rates declined again.
  • As you can see above, the CRB index bounced right from the 200D MA.
  • More important commodities did so even while GDP data was worse than expected.

Chipotle Mexican Grill Inc.: Expansion of the Loyalty Program & Other Developments

By Ishan Majumdar

  • Chipotle Mexican Grill has been in the news for an amazing rebound in its stock price after delivering a robust set of results surpassing Wall Street expectations in terms of earnings.
  • The in-restaurant sales increased while digital sales were also up and the management added 51 new restaurants in 42 locations.
  • We provide the stock of Chipotle Mexican Grill with a ‘Hold’ rating with a revision in the target price.

ECVT: Echoes of Free Cash Flow

By Hamed Khorsand

  • ECVT continued to benefit from the growing need of sulfuric acid and catalysts throughout its customer base.
  • Refineries are operating at high utilization rates resulting in eco services sales rising faster than expected. The silica catalysts segment continues to benefit from polyethylene demand
  • The free cash flow ECVT is generating has resulted in ECVT lowering its debt ratio to lowest in the Company’s history. However, the stock price has yet to reward shareholders

United Parcel Service Inc.: Expansion In The Indian Market & Other Developments

By Ishan Majumdar

  • UPS managed to deliver an all-around beat in the past quarter despite the fact that its macro environment remained dynamic.
  • In spite of the decline in volume, UPS continues to win in maximum parts of the market, having strong gains in revenue quality.
  • All segments of the business have delivered growth in the operating profit.

ATNI: Network Expansion

By Hamed Khorsand

  • ATNI reported progress in growing its network size and subscriber base in the second quarter. ATNI reported a sequential increase in the number of high-speed data and mobile subscribers
  • ATNI’s steady progress with its network expansion is expected to help cash flow from operations in future quarters. 
  • The addition of Sacred Wind is supposed to give ATNI a broader reach in New Mexico. Sacred Wind should end up being complimentary to ATNI

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