Tingyi (Cayman Islands) Stock (OTC: TYCMY)

Latest news for Tingyi (Cayman Islands) (OTC:TYCMY) Stock

Tingyi is a major producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most popular. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

TINGYI CYMN IS HDGS U/ADR by Tingyi Cayman Islands Holdings Corp.

Tingyi (Cayman Islands) Holding Corp

The vice presidential campaign of Sen. JD Vance (R-Ohio) has been branded as &#8220;cruel and chaotic&#8221; by Rep. Greg Landsman (D-Ohio).
What Happened: On Monday, Landsman, who represents the same district as Vance, voiced his criticism on a social media platform. He described Vance&#8217;s campaign as &#8220;one of the cruelest, most chaotic and downright weirdest.&#8221; He argued that Vance&#8217;s views on abortion, women, and marriage do not align with the beliefs of the over 800,000 residents of southwest Ohio&#8217;s 1st Congressional District.
Landsman referenced Vance&#8217;s 2021 remarks criticizing those who don&#8217;t have children, which Vance defended last week as a &#8220;sarcastic comment.&#8221; He also criticized Vance&#8217;s suggestion of a federal response to women seeking abortions across state lines and his vote against legislation for a national right to in vitro fertilization (IVF).
Landsman further accused Vance of supporting the idea that people should stay in violent marriages and not divorce. He also claimed that Vance is involved in Project 2025, a policy blueprint for a future GOP administration, which has been distanced from by Trump and his allies.
See Also: <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Latest Survey Indicates Positive Signs For This Candidate</a>
In response, a Vance spokesperson stated that the Ohio senator agrees with former President Donald Trump that each state should individually set their own abortion laws. The spokesperson also dismissed Landsman&#8217;s comments as &#8220;desperate attacks.&#8221;
Landsman concluded his thread by stating, &#8220;Southwest Ohio doesn&#8217;t like this guy, so take it from the folks who know him best. Mr. Vance is just weird – there&#8217;s no other way to say it. This isn&#8217;t a guy we want anywhere near the White House.&#8221;
Why It Matters: Vance&#8217;s vice presidential campaign has <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">been under scrutiny</a>, with speculation about his potential replacement due to underwhelming polling and the growing momentum of Vice President Kamala Harris.
His views on the housing market and his <a href="https://www.benzinga.com/real-estate/24/07/39957663/heres-what-republican-vp-nominee-jd-vance-has-said-about-the-housing-market-you-might-be-shocked">connections with the tech industry</a> have also been highlighted in a previous Benzinga report. Additionally, his <a href="https://www.benzinga.com/markets/equities/24/07/39999243/vance-on-childless-cat-ladies-people-are-focusing-so-much-on-the-sarcasm-and-not-on-the-substanc">controversial remarks</a> about &#8220;childless cat ladies&#8221; have been a point of contention.
Despite these controversies, Silicon Valley billionaire Peter Thiel has reportedly reconsidered his stance on former President Trump in light of Trump's <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier">selection of Vance</a> as his running mate.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/40001605/anthony-scaramucci-says-donald-trumps-verbal-sparring-with-kamala-harris-a-mistake-adds-vice-preside?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump&#8217;s Verbal Sparring With Kamala Harris A Mistake, Adds Vice President Can &#8216;Shock The World&#8217; In Terms Of Skillset And Capability</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

News

Politics

General

Trump VP-Pick JD Vance Blasted By Fellow Ohio Rep. Landsman: 'One Of The Cruelest, Most Chaotic And Downright Weirdest' Campaign

In the wake of a lethal rocket attack on the Golan Heights, the United States is spearheading diplomatic initiatives to dissuade Israel from retaliating against Beirut or significant civil infrastructure in Lebanon.
What Happened: A Reuters report on Thursday revealed that the US is striving to avert a full-blown war between Israel and Hezbollah, a Lebanese group backed by Iran. This development follows a rocket assault on the Israeli-occupied Golan Heights last weekend, which resulted in the deaths of 12 young individuals. Both the US and Israel have attributed the rocket attack to Hezbollah, an allegation the group has refuted.
The main aim of these diplomatic efforts is to deter Israel from striking densely populated regions in Beirut, a Hezbollah stronghold, or essential infrastructure like airports and bridges. This insight was provided by anonymous sources acquainted with the situation.
Since the Golan attack, Lebanon&#8217;s deputy parliament speaker, Elias Bou Saab, has been in contact with US mediator Amos Hochstein. He proposed that Israel could avoid a significant escalation by sparing Beirut and its suburbs.
Although Israel has expressed its intention to harm Hezbollah without triggering a full-scale war, it has not pledged to refrain from attacking Beirut or its civil infrastructure. The US State Department declined to comment on the specifics of the diplomatic talks but reaffirmed its unwavering support for Israel&#8217;s security against all threats backed by Iran, including Hezbollah.
See Also: <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Thiel Reportedly Reassessing Trump In Wake Of Vance Pick &#8216;In Spite Of Many Misgivings&#8217; He Had Earlier This Year</a>
Why It Matters: The escalating tensions in the Middle East have not significantly impacted oil prices, as per a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40015199/oil-prices-remain-under-pressure-despite-rising-middle-east-tensions-a-bearish-tria">Benzinga report</a>. 
The Israeli security cabinet had authorized Prime Minister Benjamin Netanyahu&#8217;s government to decide on the response to the deadly rocket strike in the Golan Heights, attributed to Hezbollah by both Israel and the United States.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Latest Survey Indicates Positive Signs For This Candidate</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

US Leads Diplomatic Drive To Curb Israel's Response To Golan Heights Assault, Prevent Attack On Densely Populated Beirut

The Federal Bureau of Investigation has disclosed that Thomas Matthew Crooks, who attempted to assassinate former President Donald Trump, had conducted internet searches about the attempted assassination of Slovakia&#8217;s Prime Minister Robert Fico.
What Happened: As reported by <a href="https://www.washingtonpost.com/nation/2024/07/29/trump-assassination-attempt-fbi-updates/">The Washington Post</a> on Monday, the FBI provided new details about the gunman&#8217;s &#8220;careful planning&#8221; for the attack. The gunman, identified as Thomas Matthew Crooks, had shown interest in the attack on Fico, who was gravely wounded in a May shooting.
The FBI continues to analyze data from Crooks&#8217;s digital devices, including cellphones and a laptop. While the motive for the shooting remains unclear, the FBI has not found any evidence linking other individuals to the attack.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001633/scaramucci-i-agree-with-every-single-thing-trump-has-said-on-bitcoin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci: &#8216;I Agree With Every Single Thing&#8217; Trump Has Said On Bitcoin</a>
Crooks had used aliases and encrypted communication accounts to purchase firearm supplies and materials to build explosive devices. He opened fire at a July 13 campaign rally in Butler, Pa., where Trump was speaking, killing one person and injuring two others before being killed by a Secret Service sniper.
Trump has agreed to an interview about the assassination attempt, according to Kevin Rojek, who heads the FBI&#8217;s Pittsburgh field office. &#8220;We want to get his perspective as to what he observed,&#8221; Rojek said.
The FBI&#8217;s investigation is ongoing, with agents continuing to search through Crooks&#8217;s phones and his gaming and social media accounts to identify a possible motive or find any indication that he may have worked with an accomplice.
Why It Matters: In May, <a href="https://drupal-cloudfront.benzinga.com/news/24/05/38845607/slovakias-prime-minister-robert-fico-hospitalized-after-assassination-attempt-suspect-detained-repor">Fico was shot</a> at in the town of Handlova, approximately 150 kilometers northeast of the capital of Slovakia Bratislava. The Prime Minister heads a populist-nationalist coalition that returned to power after elections in September 2023.
After the assassination attempt on Fico, Rep. Marjorie Taylor Greene (R-Ga.) <a href="https://drupal-cloudfront.benzinga.com/news/24/05/38862270/marjorie-taylor-greene-says-slovak-pm-great-and-courageous-over-covid-19-vaccine-who-stance-no-wonde">praised the leader&#8217;s courage</a> and prayed for his full recovery.
Months later, the <a href="https://www.benzinga.com/general/politics/24/07/39761947/gunman-dead-trump-rally-attendee-killed-says-local-da-former-president-comes-under-fire-in-penns">assassination attempt</a> on Trump occurred at a campaign rally in Butler, Pennsylvania, on July 13. The incident was treated as an assassination attempt and a potential act of <a href="https://www.benzinga.com/news/24/07/39764903/fbi-probes-trump-rally-shooting-as-potential-domestic-terrorism-it-appears-that-he-was-a-lone-actor">domestic terrorism</a> by the FBI. 
The shooter was later identified as Crooks, who was killed during the incident. Following the assassination attempt, Secret Service Director Kimberly Cheatle resigned, as <a href="https://www.benzinga.com/government/24/07/39911075/secret-service-director-kimberly-cheatle-resigns-following-trump-assassination-attempt-congressional">reported</a> by Benzinga.
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<li><a href="https://www.benzinga.com/news/24/07/40002603/kamala-harris-raises-200m-in-a-week-66-of-that-money-is-from-donors-reveals-campaign-manager-a-peopl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Raises $200M In A Week, 66% Of That Money Is From Donors, Reveals Campaign Manager: &#8216;A People-Powered Campaign&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Shooter Researched Assassination Attempt On Slovakia's Prime Minister, FBI Provides Details On 'Careful Planning'

SPGC

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

The months of August and September arrive as the S&amp;P 500 and other market indexes are near all-time highs. But, investors could be in for a rough two months if history is indicative<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39776800/s-p-500-prints-new-record-highs-ahead-of-powell-speech-russell-2000-rally-continues-trump-"> of future results</a>.
What Happened: The trading week will end in July and bring with it several key events including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40016926/markets-brace-for-crucial-interest-rate-shake-up-what-to-expect-from-federal-reserv">the July FOMC meeting,</a> July unemployment figures and earnings reports from several Magnificent 7 members.
On Thursday, August starts and brings with it the worst two-month stretch annually for investors based on past results.
Freedom Capital Markets Chief Global Strategist Jay Woods shared the tidbit in a weekly newsletter.
"Thursday kicks off the beginning of the worst two months — August &amp; September — that the market has performed over the last 20 years," Woods <a href="https://jaywoods.substack.com/">writes</a>. &nbsp;
In the past 20 years, the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is down an average of 0.4% during August and September. The S&amp;P 500 was up 10 years and down 10 years for the two-month stretch, making it a near coin-flip on whether the index is positive.
The S&amp;P 500 is down three straight years for the two-month stretch with 2020 the last time the index was positive for August and September.
This could be good news for investors as the 2024 year shares something in common with 2020 with both being <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/12/36416440/why-buy-stocks-in-a-presidential-election-year-history-has-a-crazy-stat-for-you">presidential election years.</a>
The S&amp;P 500 Index is often up in presidential election years and during the August and September stretch the last five times was up an average of 0.05%.
While this is a minimal return, it represents a potential positive to get investors through the roughest stretch of the investing year.
Non-presidential election year 2019 was flat in the August and September stretch.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39846454/exclusive-market-strategist-jay-woods-says-rotation-in-small-caps-is-just-starting-rus">EXCLUSIVE: Market Strategist Jay Woods Says &#8216;Rotation In Small Caps Is Just Starting&#8217;: Russell 2000 Within 8% Of All Times, &#8216;Easy Upside Target&#8217;</a>
Why It's Important: A <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34182214/s-p-500-seasonality-the-chart-that-sends-shivers-down-spines-in-september-but-with-">previous report showed</a> that September is the worst month of the year for the S&amp;P 500, dating back to 1928.
From 1928 through 2022, the S&amp;P 500 was only positive in September 44% of the time. The average return of the S&amp;P 500 for September in the stretch was down 1.2%.
Another potential positive for the S&amp;P 500 along with it being an election year is the current momentum heading into September. Depending on what happens in August, September could start with the S&amp;P 500 up double-digits year-to-date.
In years when the S&amp;P 500 is up 10% to 20% year-to-date through August, the S&amp;P 500 is up an average of 0.77% based on the previous report.
The<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1"> Benzinga Pro chart </a>below shows the past two August and September and their dips for investors.
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="509" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29173809/Screenshot-93.png" alt="" class="wp-image-463455" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29173809/Screenshot-93.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29173809/Screenshot-93-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29173809/Screenshot-93-768x392.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Armed with 2024 being a presidential election year and the S&amp;P 500 up double digits, investors could escape the August and September period with a positive gain, but past history shows that the next two months could be rough.
SPY Price Action: The SPDR S&amp;P 500 ETF Trust closed at $544.76 on Monday with two full days left before August starts. The SPY has traded between $408.91 and $565.16 over the past year and is up 14.5% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39848044/exclusive-financials-looking-favorable-after-jpmorgan-earnings-market-strategist-jay-woods-says-">EXCLUSIVE: Financials &#8216;Looking Favorable&#8217; After JPMorgan Earnings — Market Strategist Jay Woods Says Sector &#8216;Just Joining The Party&#8217;</a></li>
</ul>
Photo: Northallertonman via Shutterstock

Broad U.S. Equity ETFs

Education

Bad News Ahead For Investors? August, September Are Worst Two Months Over Past 20 Years — But 2024 Could Be Different

Verano Holdings Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTCQX">VRNOF</a>) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBSTF#OTC">CBSTF</a>) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist&#8217;s Virginia licenses, along with associated operations including all of Arizona operations.
<h3 class="wp-block-heading">Expanding Operations In Virginia And Arizona</h3>
The acquisition in <a href="http://benzinga.com/topic/virginia-cannabis">Virginia</a> encompasses a cultivation and production facility plus six dispensaries, positioning Verano as the exclusive cannabis operator for Health Service Area 5, which includes populated areas like Virginia Beach and Norfolk. The deal is poised at $90 million, with payment structured as $20 million cash, $40 million in Class A subordinate voting shares and a $30 million promissory note.
Meanwhile, Verano will add one cultivation facility, one production facility and two dispensaries in <a href="http://benzinga.com/topic/arizona-cannabis">Arizona</a>, boosting its total cultivation space in the state to 90,000 square feet. This expansion, costing $15 million payable in cash, increases Verano's presence to eight dispensaries across Arizona.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/40024424/ex-police-officer-turned-cannabis-ceo-calls-for-federal-marijuana-de-scheduling-in-letter-to-har">Ex-Police Officer Turned Cannabis CEO Calls For Federal Marijuana De-Scheduling In Letter To Harris, Trump, Biden</a>
<h3 class="wp-block-heading">Verano, Cannabist Execs Discuss Strategic Acquisition</h3>
&#8220;Today&#8217;s agreement further diversifies Verano's portfolio, which, since the company's inception, has remained focused on expanding our business into limited-license markets to scale both our wholesale and retail operations,&#8221; <a href="https://www.globenewswire.com/news-release/2024/07/29/2920498/0/en/Verano-Enters-into-Agreements-with-The-Cannabist-Company-to-Acquire-One-of-Its-Virginia-Licenses-and-Associated-Operations-and-Its-Arizona-Operations.html">stated</a> George Archos, Verano&#8217;s chairman and CEO, in a press release. &#8220;This opportunity greatly increases Verano's growth trajectory as we gain access to the coveted market of Virginia ahead of an adult use program and deepens our footprint in Arizona.&#8221;
From The Cannabist Company&#8217;s perspective, the deal allows it to optimize the company&#8217;s operations while focusing on remaining assets in Virginia and preparing for future endeavors. &#8220;We are pleased to have reached an agreement and look forward to welcoming Verano to the robust Virginia market,&#8221; stated David Hart, CEO of The Cannabist Company. "We are so proud of what our Eastern Virginia and Arizona teams have accomplished and look forward to seeing the Verano team support their continued successes.&#8221;
<h3 class="wp-block-heading">Verano Expands Footprint Across 14 States</h3>
Subject to regulatory approvals, this deal promises to strategically position Verano ahead of <a href="https://www.benzinga.com/markets/cannabis/24/04/38275122/exclusive-florida-on-cusp-of-adult-use-legalization-cannabis-sales-boom-ceo-tells-benzinga-confe">Virginia's anticipated adult-use cannabis program</a> and expand its operational scale in Arizona. With this acquisition, Verano's operational footprint will span 14 states with 15 cultivation sites and 150 dispensaries, marking important growth of its national cannabis market influence.
VRNOF Price Action At market close on Monday, VRNOF&#8217;s shares traded at $3.95 per share.
Related News
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<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39806043/cannabis-stocks-canadian-companies-outperformed-american-counterparts-last-week">Cannabis Stocks: Canadian Companies Outperformed American Counterparts Last Week</a></li>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39586847/federal-court-dismisses-marijuana-companies-lawsuit-against-government-prohibition">Federal Court Dismisses Marijuana Companies&#8217; Lawsuit Against Government Prohibition</a></li>
</ul>
Image generated with AI tools.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

Cannabis

Retail Sales

CBSTF

VRNOF

$105M Deal: Verano To Acquire Cannabist Co.'s Operations In Virginia And Arizona

Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.66 by 68.18 percent. This is unchanged from the same period last year. The company reported quarterly sales of $199.902 million which beat the analyst consensus estimate of $182.767 million by 9.38 percent. This is a 3.55 percent decrease over sales of $207.267 million the same period last year.

Earnings

Earnings Beats

PLOW

Douglas Dynamics Q2 2024 Adj. EPS $1.11 Beats $0.66 Estimate, Sales $199.902M Beat $182.767M Estimate

Among the largest companies to report quarterly earnings <a href="https://www.benzinga.com/earnings">during the trading week</a> is Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with investors and analysts eyeing continued growth of Cloud and artificial intelligence efforts.
Earnings Estimates: Analysts expect Microsoft to report fourth-quarter revenue of $64.36 billion according to data <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company reported revenue of $56.19 billion in last year's fourth quarter. Microsoft has beaten analysts' estimates for revenue in eight of the past 10 quarters, including five straight quarters.
Analysts expect the company to report fourth-quarter earnings per share of $2.93 compared to $2.69 in last year's fourth quarter. The company has beaten analysts' estimates for earnings per share in nine of the past 10 quarters, including seven straight quarters.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/07/39961573/microsofts-progressive-stance-paves-way-for-unionized-gaming-workforce">Microsoft&#8217;s Progressive Stance Paves Way for Unionized Gaming Workforce</a>
What Analysts Are Saying: The ongoing AI Revolution and Microsoft's growth from the sector is one of the key items Wedbush analyst Dan Ives will be watching when the company reports.
"Microsoft and Nvidia are the two best barometers in technology on the pace of AI adoption globally," Ives said.
The analyst maintained an Outperform rating and $550 price target in a new investor note.
Ives said channel checks show a potential "robust" quarter for Microsoft with the company "in the driver's seat" of the AI tidal wave. The analyst said cloud deal flow for Azure is seeing strong momentum.
"The most important metric will be Azure growth with the Street's bogey of 30%, which we believe is beatable in our view given the high level of deal activity during the quarter from core MSFT enterprise customers on the cloud."
The next three years could see over 70% of the Microsoft installed base on AI-driven functionality for enterprise and commercial, the analyst added.
"We strongly view this as Microsoft's ‘iPhone Moment' with AI set to change the cloud growth trajectory in Redmond the next few years and recent checks giving further confidence in this dynamic."
Ives estimates Copilot deployments for Microsoft customers could add $25 billion to the company's top-line revenue in fiscal 2025.
"We believe the stock still has yet to fully price in what we view as the next wave of cloud and AI growth coming to Redmond as AI enterprise use cases catalyze more budget dollars to AI in 2024/2025."
Ives said Microsoft is starting to hit the "next gear of growth" with artificial intelligence the story going forward.
Here are other <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analyst ratings for Microsoft</a> and their price targets in the month of July:
Piper Sandler: Reiterated an Overweight rating and raised the price target from $465 to $485
TD Cowen: Maintained a Buy rating and raised the price target from $470 to $495
Bank of America: Maintained a Buy rating and raised the price target from $480 to $510
Mizuho: Maintained an Outperform and raised the price target from $450 to $480
BMO Capital: Maintained an Outperform rating and raised the price target from $465 to $500
Argus Research: Maintained a Buy rating and raised the price target from $475 to $526
Key Items to Watch: Microsoft has been in the news a lot recently related to an outage caused by CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) that <a href="https://www.benzinga.com/news/24/07/39861744/microsoft-outage-what-states-services-companies-saw-the-blue-screen-of-death">took down computers</a> running Windows.
While the Microsoft Outage won't likely have a key impact on customer churn, analysts could look to ask the company how it is moving forward from the key event.
While AI and Cloud get the headlines, the company's gaming division led by Xbox could also be a key item for investors to watch. Microsoft has made several gaming-related acquisitions in recent years and has a reported new console coming out in the next couple of years.
With the full fiscal year in the books, Microsoft could provide guidance for the next fiscal year. 
MSFT Price Action: Microsoft shares are up 0.34% to $426.73 Monday at market close versus a 52-week trading range of $309.45 to $468.35. Microsoft stock is up 14% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/24/07/39888849/microsoft-responds-to-ftcs-criticism-about-xbox-game-pass-asserting-it-is-wrong-to-call-this-a-deg">Microsoft Responds To FTC&#8217;s Criticism About Xbox Game Pass, Asserting &#8216;It Is Wrong To Call This A Degraded Version&#8217;</a></li>
</ul>
Photo: Volodymyr Kyrylyuk on Shutterstock

Previews

Tech

Trading Ideas

CRWD

MSFT

Microsoft Q4 Earnings Preview: Analyst Says 'Stock Still Has Yet To Fully Price In ... Next Wave Of Cloud And AI Growth'

The decrease was primarily due to lower net interest income and noninterest income.
Preliminary net income was&nbsp;$1.19&nbsp;per fully diluted common share for the&nbsp;fourth quarter&nbsp;of fiscal 2024, a decrease of&nbsp;$0.18&nbsp;as compared to the&nbsp;$1.37&nbsp;per fully diluted common share reported for the same period of the prior fiscal year.
For the full fiscal year 2024, preliminary net income of&nbsp;$50.2 million&nbsp;was an increase of&nbsp;$10.9 million&nbsp;as compared to fiscal 2023, while diluted earnings per share for fiscal 2024 were&nbsp;$4.42, an increase of&nbsp;$0.57&nbsp;as compared to the&nbsp;$3.85&nbsp;per fully diluted common share for fiscal 2023.&nbsp;

Guidance

SMBC

Southern Missouri Bancorp Reports Preliminary Q4 Net Income Of $13.5M, Down 13.0% From Prior Year; EPS $1.19, Est $0.99

Citron Research&nbsp;founder&nbsp;Andrew Left turned himself in to authorities in Los Angeles on Monday to face <a href="https://www.benzinga.com/news/24/07/39985350/short-seller-andrew-left-faces-fraud-charges-accused-of-manipulating-at-least-15-stocks">federal securities fraud charges</a>. 
What Happened: According to a CNBC <a href="https://www.cnbc.com/2024/07/29/andrew-left-citron-capital-securities-fraud-los-angeles.html">report</a>, Left was scheduled to appear before Magistrate Judge Rozella Oliver in a U.S. District Court in L.A. at 4:30 p.m. ET on Monday after he was indicted last week on 19 criminal counts by a grand jury. 
A spokesman for the U.S. Attorney&#8217;s Office reportedly said the activist short seller surrendered Monday afternoon. He is expected to be released after bail terms are set by the judge.
Left&#8217;s lawyer James Spertus told CNBC that prosecutors originally planned to request a $10 million cash deposit for Left&#8217;s bail. The terms of the bail do not appear to be public at the time of writing.
The indictment against Left claims the short seller manipulated stock prices of at least 15 companies over five years, resulting in approximately $16 million in illegal profits. The charges imply Left would make his positions public, set ambitious price targets and then quickly close out those positions once his commentary had caused a given stock to move.
According to <a href="https://www.benzinga.com/news/24/07/39985350/short-seller-andrew-left-faces-fraud-charges-accused-of-manipulating-at-least-15-stocks">reports</a>, Left could face up to 20 years in prison for each of the securities fraud counts and several more years for related charges if found guilty.
Regardless of whether Left is found guilty, the case is likely to have a chilling effect on short sellers moving forward, Left&#8217;s lawyer told CNBC.
"People will stop sharing their research with the market," Spertus said. "It's really bad for the financial markets to have a prosecution like this when the government agrees that the public statements were truthful."
Read Next:
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<li><a href="https://www.benzinga.com/top-stories/24/07/39607932/exclusive-tesla-shorts-were-profitable-this-year-until-shareholders-approved-musks-pay-package-exper">EXCLUSIVE: Tesla Shorts Were Profitable This Year Until Shareholders Approved Musk&#8217;s Pay Package, Expert Says </a></li>
</ul>
Courtesy: Benzinga

Short Sellers

Legal

Short Seller Andrew Left Turns Himself In On Securities Fraud Charges: Report

DA Davidson analyst Peter Winter maintains Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) with a Buy and raises the price target from $71 to $79.

Price Target

Analyst Ratings

CUBI

DA Davidson Maintains Buy on Customers Bancorp, Raises Price Target to $79

Truist Securities analyst William Stein maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Hold and maintains $215 price target.

TSLA

Truist Securities Maintains Hold on Tesla, Maintains $215 Price Target

NCPL

Netcapital FY24 Revenues Decrease By Approximately 42% Y/Y To $4.9M; Loss Per Share Of $(0.41), Were Down From EPS Of $0.63 Last Year

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and raises the price target from $190 to $210.

Barrington Research Maintains Outperform on Affiliated Managers Group, Raises Price Target to $210

Tigress Financial analyst Ivan Feinseth maintains Travel+Leisure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) with a Buy and raises the price target from $54 to $58.

Tigress Financial Maintains Buy on Travel+Leisure, Raises Price Target to $58

Loop Capital analyst Jeffrey Stevenson initiates coverage on BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) with a Buy rating and announces Price Target of $18.

Initiation

Loop Capital Initiates Coverage On BrightView Hldgs with Buy Rating, Announces Price Target of $18

Jefferies analyst Suneet Kamath maintains Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) with a Buy and raises the price target from $59 to $63.

Brighthouse Financial, Inc. - Common Stock

Jefferies Maintains Buy on Brighthouse Finl, Raises Price Target to $63

Jefferies analyst Suneet Kamath maintains Jackson Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JXN#NYSE">JXN</a>) with a Hold and raises the price target from $73 to $80.

Jefferies Maintains Hold on Jackson Finl, Raises Price Target to $80

Vista Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VGZ#AMEX">VGZ</a>) reported quarterly earnings of $0.13 per share. This is a 1400 percent increase over losses of $(0.01) per share from the same period last year.

Vista Gold Q2 EPS $0.13 Up From $(0.01) YoY

Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 16.13 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $612.70 million which beat the analyst consensus estimate of $606.98 million by 0.94 percent. This is a 4.54 percent increase over sales of $586.10 million the same period last year.

Element Solutions Q2 Adj $0.36 Beats $0.35 Estimate, Sales $612.70M Beat $606.98M Estimate

These Consumer Defensive stocks are trading higher:-Tantech Holdings Ltd (TANH) stock is trading at $2.07, a gain of $0.55, or 32.86%, on high volume.  Tantech Holdings gets a Sentiment Score of Very Bearish from InvestorsObserver.  -Lifeway Foods Inc (LWAY) stock is trading at $11.93, an increase of $1.03, or 9.45%, on lo

Consumer Defensive Stocks Moving Monday: TANH, LWAY, STKL, HLF, AGRI, CALM, TYCMY, SFM

S&P Global (SPGI) will release its fourth-quarter results on February 8. Analysts expect the company to report a year-over-year increase in revenue and earnings for the quarter. Moreover, the company is expected to finish fiscal 2023 on a solid note. Therefore, should investors consider buying the stock now? Read on to learn my view… S&amp;P Global Inc. (<a href="https://stocknews.com/stock/SPGI/">SPGI</a>) is scheduled to report its fourth-quarter and full-year results on February 8. Wall Street expects SPGI's revenue and EPS to increase year-over-year. In this piece, I have discussed why it could be wise to wait for a better entry point in the stock despite the potential improvement in the stock's revenue and earnings.
For the fourth quarter, SPGI's EPS and revenue are expected to increase 23.6% and 6.5% year-over-year to $3.14 and $3.13 billion, respectively. The company has a solid earnings history, having beaten the consensus estimate in three of the trailing four quarters.
During the third quarter, the company beat Wall Street's expectations on both top and bottom lines. Commenting on SPGI's third-quarter results, President and CEO Douglas Peterson said, "Our third-quarter results clearly demonstrate our ability to adapt to rapidly evolving market conditions and consistently deliver excellent results."
"Revenue growth accelerated in every division. We continue to invest in innovation, as evidenced by the multiple product launches in the third quarter, and we continue to demonstrate the disciplined execution on expenses that our shareholders have come to expect. We are very pleased with the results this quarter and look forward to a strong finish to 2023," he added.
For fiscal 2023, SPGI narrowed the range of expected growth in non-GAAP adjusted revenue from the previous guidance of between 4% and 6% to between 4.5% and 5.5%. The company raised the adjusted EPS estimates of the prior forecast of between $12.35 and $12.55 to now between $12.50 and $12.60. Its adjusted operating profit margin is expected to be between 45.5% and 46.5%.
The company had a target of achieving $600 million in cost synergies in 2023 and has achieved $588 million in cost synergies till the previous quarter. Moreover, SPGI has targeted revenue synergies of $350 million by 2026 and has set a target of achieving 45% of the target in 2024. By the third quarter, it had achieved revenue synergies of $112 million.
On January 23, 2024, SPGI's board of directors approved a 1.1% increase in the regular quarterly cash dividend on the company's common stock. The company will pay a dividend of $0.91 per share on March 12, 2024.
SPGI's stock has gained 26.8% over the past nine months and 17.9% over the past year to close the last trading session at $451.54.
Here's what you might want to consider ahead of its upcoming earnings release:
Robust Financials
SPGI's revenue for the fiscal third quarter ended September 30, 2023, increased 8% year-over-year to $3.08 billion. Its adjusted net income attributable to SPGI rose 5.6% year-over-year to $1.02 billion. The company's adjusted operating income increased 10% over the prior-year quarter to $1.45 billion.
Also, its adjusted EPS came in at $3.21, representing an increase of 9.6% year-over-year. In addition, its adjusted pro forma adjusted free cash flow, excluding certain items, increased by 15.2% year-over-year.
Favorable Analyst Estimates
Analysts expect SPGI's EPS and revenue for fiscal 2023 to increase 12.7% and 5.1% year-over-year to $12.61 and $12.44 billion, respectively. Its fiscal 2024 EPS and revenue are expected to increase 14.5% and 7.3% year-over-year to $14.43 and $13.35 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, SPGI's 36.01x is 241.3% higher than the 10.55x industry average. Its 2.95x forward non-GAAP PEG is 113.8% higher than the 1.38x industry average. Likewise, its 27.33x forward EV/EBIT is 143.1% higher than the 11.25x industry average.
Mixed Profitability
In terms of the trailing-12-month EBITDA margin, SPGI's 44.28% is 104% higher than the 21.71% industry average. Likewise, its 28.48x trailing-12-month levered FCF margin is 60.8% higher than the industry average of 17.72x. Also, its 35.10x trailing-12-month EBIT margin is 60.4% higher than the industry average of 21.88x.
SPGI's 1% trailing-12-month Capex/Sales is 50.5% lower than the 2.02% industry average. Likewise, its 0.20x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 4.5% lower than the 0.21x industry average. Furthermore, the stock's 20.19% trailing-12-month net income margin is 13.7% lower than the industry average of 23.41%.
Mixed Historical Growth
SPGI's revenue grew at a CAGR of 18.9% over the past three years. Its EBIT grew at a CAGR of 3.9% over the past three years. In addition, its net income grew at a CAGR of 0.7% in the same time frame.
On the other hand, its EPS contracted at a CAGR of 8.2% over the past three years.
POWR Ratings Reflect Uncertainty
SPGI has an overall rating of C, equating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SPGI has a C grade for Quality, consistent with its mixed profitability. Its mixed historical growth justifies its C grade for Growth.
It has a D grade for Value, in sync with its stretched valuation.
SPGI is ranked #33 out of 100 stocks in the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services – Enterprise</a> industry. <a href="https://stocknews.com/stock/SPGI/">Click here</a> to access SPGI's Momentum, Stability, and Sentiment ratings.
Bottom Line
SPGI aimed to end fiscal 2023 on a strong note with robust growth across all its segments. The company is expected to report strong growth in revenue and operating margin across its different segments.
Its new product launches, which are expected to fuel its growth, are leveraging its cross-divisional assets and the power of AI. Furthermore, the company is on track to complete cost synergies by 2023 and achieving revenue synergies by 2026.
Despite the solid developments, SPGI trades at an expensive valuation. Also, given its mixed profitability and historical growth, it could be wise to wait for a better entry point in the stock.
How Does S&amp;P Global Inc. (SPGI) Stack Up Against Its Peers?
SPGI has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services – Enterprise</a> industry: Manhattan Bridge Capital, Inc. (<a href="https://stocknews.com/stock/LOAN/">LOAN</a>), Tingyi (Cayman Islands) Holding Corp. (<a href="https://stocknews.com/stock/TYCMY/">TYCMY</a>), and Jiayin Group Inc. (<a href="https://stocknews.com/stock/JFIN/">JFIN</a>). To explore more Buy-rated Financial Services – Enterprise stocks, <a href="https://stocknews.com/category/enterprise-financial-services/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep%22">2024 Stock Market Outlook &gt;</a>

<hr />
SPGI shares were trading at $451.57 per share on Tuesday morning, up $0.03 (+0.01%). Year-to-date, SPGI has gained 2.51%, versus a 3.72% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/spgi-loan-tycmy-jfin-spgi-quarterly-earnings-preview-buy-or-hold-decision/>SPGI Quarterly Earnings Preview: Buy or Hold Decision?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

SPGI Quarterly Earnings Preview: Buy or Hold Decision?

Global integrated risk assessment company Moody's (MCO) will report its fourth-quarter results on February 13. The company is expected to report year-over-year growth in earnings and revenue. We assess whether it is worth buying the stock now. Keep reading... Moody's Corporation (<a href="https://stocknews.com/stock/MCO/">MCO</a>) is scheduled to report its fourth-quarter and full-year results on February 13. Wall Street expects the company to post higher earnings and revenue over the prior-year quarter. In this piece, I have discussed why it could be wise to buy the stock now.
For the fourth quarter, MCO's EPS and revenue are expected to increase 44.9% and 15.3% year-over-year to $2.32 and $1.49 billion, respectively. The company has a stellar earnings history, having beaten the consensus EPS estimate in each of the trailing four quarters.
MCO's Moody's Analytics segment's revenue in the third quarter rose 13% year-over-year to $776 million, and its Moody's Investors Service (MIS) revenue increased 18% year-over-year to $696 million. Its Moody's Analytics segment's annualized recurring revenue (ARR) rose 9.9% year-over-year to $2.85 billion.
Post its strong growth in revenue and earnings during the third quarter, MCO's President and CEO Rob Fauber said, "Moody's achieved impressive double-digit revenue growth during the third quarter, reflecting the rebound in issuance and demonstrating the resiliency and relevance of our business and the increasing demand for our unparalleled research, data and solutions."
"We are in a new era of exponential risk, which requires an urgent evolution for our customers. To address this, Moody's is investing in the momentum of the business and introducing transformative technologies to advance our capabilities, help our customers navigate decision-making at speed and scale and drive long-term sustainable growth," he added.
MCO's revenue for fiscal 2023 is expected to increase in the high-single-digit percent range, and its adjusted operating margin is expected to be approximately between 44% and 45%. The company's adjusted EPS is expected to come between $9.75 and $10.25. Also, its operating cash flow and free cash flow are expected to be approximately $2.1 billion and $1.8 billion, respectively.
MCO has gained 32.4% over the past nine months and 32% over the past year to close the last trading session at $405.17.
Here's what you might want to consider ahead of its upcoming earnings release:
Robust Financials
MCO's revenue for the fiscal third quarter ended September 30, 2023, increased 15.5% year-over-year to $1.47 billion. Its adjusted operating income rose 32.2% over the prior-year quarter to $657 million. The company's adjusted net income increased 31.5% year-over-year to $447 million. Also, its adjusted EPS came in at $2.43, representing an increase of 31.4% year-over-year.
Favorable Analyst Estimates
Analysts expect MCO's EPS and revenue for fiscal 2023 to increase 17.2% and 8.3% year-over-year to $10.05 and $5.92 billion, respectively. Its fiscal 2024 EPS and revenue are expected to increase 11% and 10% year-over-year to $11.15 and $6.52 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, MCO's 40.33x is 286.6% higher than the 10.43x industry average. Its 2.65x forward non-GAAP <a href="https://www.investopedia.com/terms/p/pegratio.asp">PEG</a> is 96.3% higher than the 1.35x industry average. Likewise, its 36.19x forward EV/EBIT is 218.5% higher than the 11.36x industry average.
High Profitability
In terms of the trailing-12-month EBIT margin, MCO's 36.43% is 65.3% higher than the 22.05% industry average. Likewise, its 28.30x trailing-12-month levered FCF margin is 57.2% higher than the industry average of 18.01x. Also, its 0.41x trailing-12-month asset turnover ratio is 93.7% higher than the industry average of 0.21x.
POWR Ratings Show Promise
MCO has an overall B rating, equating to a Buy in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. MCO has a B grade for Quality, consistent with its high profitability.
MCO is ranked #10 out of 99 stocks in the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry. <a href="https://stocknews.com/stock/MCO/">Click here</a> to access MCO's Growth, Value, Momentum, Stability, and Sentiment ratings.
Bottom Line
MCO has forecasted a strong end to fiscal 2023 with solid growth in revenue, adjusted earnings, and free and operating cash flow. The company's Moody's Analytics segment's growth is being driven by its KYC business, and its expansion into different capital markets will likely boost the MIS segment's growth.
MCO is leveraging the power of GenAI, as is evident from its recent launch of Research Assistant and is integrating its broad data and analytics capabilities across its product suite. Moreover, its new product launches and strategic partnerships are expected to drive long-term expansion.
Given its high profitability and the other positives, it could be wise to buy the stock now.
How Does Moody's Corporation (MCO) Stack Up Against Its Peers?
While MCO has an overall grade of B, equating to a Buy rating, you may also check out these other A (Strong Buy) or B (Buy)-rated stocks within the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry: Manhattan Bridge Capital, Inc. (<a href="https://stocknews.com/stock/LOAN/">LOAN</a>), Tingyi (Cayman Islands) Holding Corp. (<a href="https://stocknews.com/stock/TYCMY/">TYCMY</a>), and Jiayin Group Inc. (<a href="https://stocknews.com/stock/JFIN/">JFIN</a>). To explore more Financial Services (Enterprise) stocks, <a href="https://stocknews.com/category/enterprise-financial-services/">click here</a>.
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<hr />
MCO shares rose $1.83 (+0.45%) in premarket trading Monday. Year-to-date, MCO has gained 4.21%, versus a 5.42% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/mco-loan-tycmy-jfin-moodys-mco-earnings-analysis-for-investors/>Moody's (MCO): Earnings Analysis for Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Moody's (MCO): Earnings Analysis for Investors

Strong sales and Block, Inc.'s (SQ) worldwide Bitkey expansion support revenue forecasts point to potential long-term development. But, with earnings approaching, would it be prudent to invest in SQ shares now? Let's explore whether the company's fundamentals support this potential… Block, Inc. (<a href="https://stocknews.com/stock/SQ/">SQ</a>) is set to unveil its fiscal 2024 fourth-quarter earnings on February 22. Its revenue is estimated to grow by 22.7% year-over-year to $5.71 billion. Additionally, the company's EPS is expected to increase 159% from the prior year's period to $0.57.
Additionally, on December 7, 2023, SQ's Bitkey, the self-custody Bitcoin wallet, debuted in over 95 countries across six continents. The expansion enhances global access to self-custody, enabling individuals worldwide to manage their Bitcoin holdings securely and effortlessly, fostering financial empowerment and autonomy.
The strategic move is expected to foster financial empowerment globally and enhance SQ's market penetration, positioning it as a leading provider of accessible and secure cryptocurrency solutions.
Moreover, on November 28, 2023, SQ reported impressive performance during Black Friday and Cyber Monday. With 70 million transactions, up 14% from the previous year, SQ's revenue is poised to surge. The surge in in-person shopping by 15% and a 3.9X increase in online cart sizes promise heightened transaction volumes and increased transaction fees, enhancing the company's bottom line.
Furthermore, the 9% rise in businesses adopting omnichannel strategies would expand SQ's market reach, potentially leading to more merchants using SQ's services and boosting its revenue streams.
Shares of SQ have gained 14.2% over the past six months. However, the stock has plunged 8.6% over the past year, closing the last trading session at $65.73.
Here are the financial aspects of SQ that could influence its price performance in the near term:
Mixed Financials
During the fiscal 2023 third quarter that ended September 30, 2023, SQ's total net revenue increased 24.4% year-over-year to $5.62 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 21.1% from the year-ago value to $1.90 billion.
However, net loss and net loss per share attributable to common stakeholders widened by 80.1% and 150% from the prior year's period to $33.76 million and $0.05, respectively.
Solid Growth Record
Over the past three years, SQ's revenue and EBITDA increased at a CAGR of 39.6% and 53%, respectively. In addition, the company's tangible book value and total assets grew at respective CAGRs of 37.3% and 58.9%, respectively.
Optimistic Analyst Estimates
The consensus revenue estimate for the fiscal year ended December 2023 stands at $21.84 billion, signaling a 24.6% year-over-year increase. Likewise, the company's EPS is anticipated to witness a 92.4% uptick from the previous year, reaching $1.92.
Looking ahead, analysts anticipate a 13.6% increase in revenue for the fiscal year ending December 2024, with projections reaching $24.82 billion. Similarly, EPS for the ongoing year is expected to experience a growth of 57.9% from the previous year, settling at $3.04.
Poor Profitability
The stock's trailing-12-month gross profit margin and trailing-12-month EBITDA margin of 34.69% and 0.26% are 41.3% and 98.8% lower than the industry averages of 59.11% and 20.71%, respectively.
Moreover, the company's trailing-12-month levered FCF margin of 2.26% is 87.5% lower than the 18.05% industry average. Also, its trailing-12-month CAPEX/Sales of 0.71% compares with the industry average of 2.04%.
Mixed Valuation
In terms of forward EV/Sales, SQ is trading at 1.81x, 40.9% lower than the industry average of 3.06x. Its forward Price/Sales of 1.85x is 25.9% lower than the 2.50x industry average.
However, the stock's forward non-GAAP P/E and forward EV/EBITDA of 34.12x and 23.66x are 223.7% and 120.1% higher than the industry average of 10.54x and 10.75x, respectively.
POWR Ratings Exhibit Mixed Prospects
SQ's outlook is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SQ holds an A grade for Growth, indicative of its robust past growth record. However, its Value grade paints a less optimistic picture, hovering at a C, reflective of its somewhat ambiguous valuation.
Moreover, the company's Stability grade is less than stellar, marked by a concerning D, in line with its elevated 24-month beta of 2.78. SQ is ranked #65 out of 100 stocks in the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry. <a href="https://stocknews.com/stock/SQ/">Click here</a> to access SQ's Momentum, Sentiment, and Quality ratings.
Bottom Line
Expanding Bitkey globally would bolster SQ's financial independence and market influence. Furthermore, its robust performance during Black Friday and Cyber Monday suggests a potential revenue surge fueled by heightened transactions and broader adoption of omnichannel strategies.
Although SQ's long-term prospects appear promising, its current valuation, instability, lackluster profitability, and mixed performance in the recent financial quarter suggest that it might be wise to await a better entry point in SQ.
How Does Block, Inc. (SQ) Stack Up Against Its Peers?
While SQ has an overall grade of C, equating to a Neutral rating, you may check out these A (Strong Buy) and B (Buy) rated stocks within the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry: Tingyi (Cayman Islands) Holding Corp. (<a href="https://stocknews.com/stock/TYCMY/">TYCMY</a>), Jiayin Group Inc. (<a href="https://stocknews.com/stock/JFIN/">JFIN</a>), and Manhattan Bridge Capital, Inc. (<a href="https://stocknews.com/stock/LOAN/">LOAN</a>). To explore more Financial Services (Enterprise) stocks, <a href="https://stocknews.com/category/enterprise-financial-services/">click here</a>.
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SQ shares were trading at $64.69 per share on Wednesday morning, down $1.04 (-1.58%). Year-to-date, SQ has declined -16.37%, versus a 4.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/sq-tycmy-jfin-loan-sq-earnings-watch-decoding-buy-signals/>SQ Earnings Watch: Decoding Buy Signals</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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