Mdex, Curve DAO Token Among Top Crypto Movers In 24H

After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication:

eCash (CRYPTO: XEC) is up 26.55% at $0.0. The trading volume for this coin is currently $518.22 million, which is 3.71% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 4,730,519,844.
Circulating Supply: 18,843,020,896,789.4
Max Supply: Not Available Curve DAO Token (CRYPTO: CRV) rose 26.49% to $2.73 over the past 24 hours. The trading volume for this coin is currently $591.43 million, which is 2.58% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 1,102,358,315.
Circulating Supply: 401,731,539.6
Max Supply: 3,303,030,299 Bitcoin Cash ABC (CRYPTO: BCHA) increased by 20.67% to $246.79. The trading volume for this coin is currently $758.59 million, which is 3.47% higher than its average full-day volume over the last 100 days. $BCHA’s estimated market cap is $4,679,191,182 as of today.
Circulating Supply: 18,794,058.4
Max Supply: Not Available Aave (CRYPTO: AAVE) increased by 18.93% to $377.93. The trading volume for this coin is currently $649.09 million, which is 0.85% higher than its average full-day volume over the last 100 days. $AAVE’s estimated market cap is $5,009,680,527 as of today.
Circulating Supply: 13,176,786.68
Max Supply: 16,000,000 xSUSHI (CRYPTO: XSUSHI) rose 18.06% to $15.09 over the past 24 hours. The trading volume for this coin is currently $2.84 million, which is 0.53% higher than its average full-day volume over the last 100 days. As of today, $XSUSHI’s estimated market cap is $1,106,122,732.
Circulating Supply: 73,318,005.7
Max Supply: Not Available Sushi (CRYPTO: SUSHI) rose 17.75% to $12.74 over the past 24 hours. The trading volume for this coin is currently $539.17 million, which is 0.63% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 2,464,098,005.
Circulating Supply: 192,789,255.86
Max Supply: 250,000,000 Synthetix Network Token (CRYPTO: SNX) increased by 16.53% to $13.43. The trading volume for this coin is currently $450.83 million, which is 2.3% higher than its average full-day volume over the last 100 days. $SNX’s estimated market cap is $2,332,897,902 as of today.
Circulating Supply: 173,230,359.59
Max Supply: 233,860,369.9
Waves (CRYPTO: WAVES) declined by 3.46% to $29.14 over the past 24 hours. Trading volume for this coin is 137.08 million, which is 0.34% lower than its average full-day volume over the last 100 days. $WAVES’s estimated market cap is $2,913,466,811 as of today.
Circulating Supply: 100,000,000
Max Supply: Not Available Cardano (CRYPTO: ADA) declined by 2.85% to $2.37 over the past 24 hours. The trading volume for this coin is currently $3.56 billion, which is 0.02% higher than its average full-day volume over the last 100 days. The coin’s market cap stands at 76,065,466,649.
Circulating Supply: 32,066,390,668.41
Max Supply: 45,000,000,000 Terra (CRYPTO: LUNA) decreased by 2.79% to $35.12 over the past 24 hours. The trading volume for this coin is currently $899.70 million, which is 0.46% higher than its average full-day volume over the last 100 days. As of today, $LUNA’s estimated market cap is $14,172,422,869.
Circulating Supply: 402,411,127.39
Max Supply: Not Available Mdex (CRYPTO: MDX) declined by 2.54% to $1.68 over the past 24 hours. Trading volume for this coin is 25.26 million, which is 0.56% lower than its average full-day volume over the last 100 days. As of today, $MDX’s estimated market cap is $1,096,423,405.
Circulating Supply: 650,681,553.23
Max Supply: Not Available Celsius Network (CRYPTO: CEL) fell 2.24% to $5.19 over the past 24 hours. Celsius Network’s current trading volume totals $8.70 million, a 0.46% decrease from its a 100-day average volume. The coin’s market cap stands at 2,197,168,632.
Circulating Supply: 423,415,980.35
Max Supply: Not Available FTX Token (CRYPTO: FTT) decreased by 1.69% to $67.08 over the past 24 hours. The trading volume for this coin is currently $791.86 million, which is 1.3% higher than its average full-day volume over the last 100 days. As of today, $FTT’s estimated market cap is $8,114,573,896.
Circulating Supply: 120,775,460.62
Max Supply: 336,645,796.69 LEO Token (CRYPTO: LEO) declined by 1.31% to $3.04 over the past 24 hours. LEO Token’s current trading volume totals $2.68 million, a 0.15% decrease from its a 100-day average volume. $LEO’s estimated market cap is $2,875,428,572 as of today.
Circulating Supply: 945,832,690.9
Max Supply: Not Available

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Timken’s (TKR) Rollon Business Buys Intelligent Machine Solutions


The Timken Company (TKR Quick QuoteTKR ) has acquired Intelligent Machine Solutions (iMS) in a bid to expand its Rollon linear motion product range in robotics and automation solutions. These product ranges complement with Timken’s larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems. This deal opens up opportunities for Rollon in the growing $700-million global robotic transfer unit industry.

Norton Shores, MICH-based iMS, is a producer of industrial robotics and automation solutions which designs floor-mounted, overhead, rotary and extreme seventh-axis RTUs and gantry systems for several manufacturers across industries to automate certain production processes.

In fact, the buyout will enhance Rollon’s leadership in the robotics and automation industry, packaging and marine end-market sectors, as well as aerospace and automotive production plants. This will also boost Rollon’s operational footprint in the United States.

In 2018, Timken acquired Rollon and stepped in the linear motion product space. These products include linear guides, telescopic rails, and linear actuators and systems, which are utilized in a wide array of industrial and commercial applications.

Timken continues to pursue strategic acquisitions to broaden its portfolio and capabilities across diverse markets, with a focus on bearings, adjacent power transmission products, and related services.  Along with Rollon, Timken acquired Cone Drive and ABC Bearings in 2018. In 2019, Timken completed the acquisition of BEKA Lubrication and the Diamond Chain Company. The acquisition of BEKA Lubrication strengthened the company’s global leadership in the automatic lubrication systems market sector.

The Diamond Chain acquisition has fortified Timken’s leadership in high-performance roller chains for industrial markets. In November 2020, the company purchased all assets of Aurora Bearing Company to expand its offerings in the engineer! ed bearings space. These acquisitions have strengthened the company’s global presence in growing markets, particularly China and Europe. These buyouts are expected to deliver significant cost and revenue synergies in the upcoming period.

Recently, the company reported second-quarter 2021 results, wherein earnings missed the Zacks Consensus Estimate but improved year over year. Revenues came in line with the Consensus Mark and increased year on year.

Timken expects revenue growth of 19% in 2021, higher than its previous expectation of an 18% rise. It anticipates adjusted earnings per share between $5.15 and $5.45. The mid-point of the range reflects year-over-year growth of 30%. Improving demand across most markets, higher organic revenues across the Mobile Industries and Process Industries segments, favorable impact from foreign currency exchange rates, as well as the benefit of acquisitions and positive pricing are supporting the company.

Share Price Performance

So far this year, shares of Timken have declined 4.2% compared with the industry’s growth of 3.8%.

Zacks Investment Research
Image Source: Zacks Investment Research

Zacks Rank & Stocks to Consider

Timken currently carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the Industrial Products sector include Encore Wire Corporation (WIRE Quick QuoteWIRE ) , Lincoln Electric Holdings, Inc. (LECO Quick QuoteLECO ) and Lindsay Corporation (LNN Quick QuoteLNN ) . While Encore Wire and Lincoln Electric sport a Zacks Rank #1 (Strong Buy), Lindsay carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Encore Wire has a projected earnings growth rate of 332.6% for fiscal 2021. So far this year, the company’s shares have gained 45%.

Lincoln Electric has an expected earnings growth rate of 45.1% for 2021. The stock has ! appreciat! ed 22%, year to date.

Lindsay has an estimated earnings growth rate of 17.3% for the ongoing year. The company’s shares have gained 35%, so far this year.

3 Zacks Rank #1s Making New Highs


Stocks may have pulled back a bit after the disappointing jobs report for August, but the interesting thing is that the major indices are still within 2% of their all-time highs. And there are plenty of individual names that are already making history or on the verge of doing so.

The Zacks #1 Rank New Highs screen will help you find them. Remember, you shouldn’t be afraid of stocks reaching new heights, because a really smart guy once said that objects in motion tend to stay in motion. The same is true for stocks.

Despite the delta variant, rising inflation and the possibility of the Fed tapering; stocks still have the potential for a strong back half of 2021 as we inch closer to normal. This screen can help you get ready by finding stocks most likely to leap higher moving forward. Below are three names that recently made the list.

onsemi (ON Quick QuoteON )

Not only is the semiconductor space going through several structural changes at the moment, but it’s also experiencing a chip shortage that’s sending demand through the roof. One of the companies operating well in this environment is onsemi (ON Quick QuoteON ) , which has beaten the Zacks Consensus Estimate for five straight quarters and is up approximately 37% in 2021.

The former ON Semiconductor is an original equipment manufacturer of a broad range of discrete and embedded semiconductor components. Therefore, it’s part of the semi – analog & mixed space, which is in the top 12% of the Zacks Industry Rank.

In its second-quarter report from early August, the company enjoyed broad-based strength across its industrial, computing, consumer and automotive end markets. Revenue jumped to $1.67 billion, which was over 37% better than the previous year while also beating our expectations by nearly 3%.

Earnings per share of 63 cents topped the Zacks Consensus Estimate by more than 28%, which brought the four-quarter average surprise to just under 25%.

The Auto! motive end market has perhaps the biggest potential moving forward with revenue surging 68.6% year over year. Its power and sensing product categories saw strong demand, while ON continued to gain traction among electric vehicle manufacturers.

Just a little over two weeks ago, the company entered into a definitive agreement to acquire GT Advanced Technologies for $415 million in cash. The move will help ON grow its supply of silicon carbide (SiC), a key material that can handle high voltages and thermal loads. It’s a major component in EVs, EV charging and energy infrastructure.

The automotive market helped all business segments in the quarter. The Power Solutions Group (PSG) business segment (which accounts for 50.7% of revenues) surged 37% year over year. The Advanced Solutions Segment (ASG) soared 42%, while the Intelligent Sensing Group advanced 28.1%.

The past 60 days have seen analysts boost their expectations on ON. The Zacks Consensus Estimate for this year is up 29.5% in that time to $2.50, while next year is up 20.3% to $2.78. At the moment, year-over-year growth is at 11.2%.

Zacks Investment Research
Image Source: Zacks Investment Research

BJ’s Wholesale Club (BJ Quick QuoteBJ )

Leave it to an unprecedented pandemic that forces people indoors to teach the importance of buying in bulk. It kind of defeats the purpose of social distancing if you’re running to the grocery store a couple times a week. So it makes sense that a company like BJ’s Wholesale Club (BJ Quick QuoteBJ ) would beat the Zacks Consensus Estimate for six straight quarters, which runs right through the year of Covid and more.

BJ operates more than 220 warehouse clubs (as of July 31, 2021) on the East Coast of the country, as well as 151 BJ’s gas stations in 17 states. It has about 5.5 million members. Shares are up nearly 60% so far this ye! ar.
The company has worked hard at its strategies and can now boast “outstanding” membership results and elevated consumer spending trends. It’s market share has also increased. As a result, BJ managed a solid fiscal second quarter performance last month.

Earnings per share of 82 cents beat the Zacks Consensus Estimate by more than 26%, bringing the four-quarter average surprise to more than 25%. Total revenues of $4.17 billion improved 5.6% year over year and eclipsed our expectations at around $3.9 billion.

Total comparable sales rose 4%. Digitally-enabled sales growth was also 4%, as members continued to adopt pandemic-era services such as curbside pickup.

BJ still doesn’t feel comfortable enough to offer a formal guidance, but believes its “solid membership trends, assortment initiatives, enhanced digital capabilities and robust real estate pipeline will drive sustained and strong profitable growth”.

Analysts believe the same thing as they’ve raised estimates over the past month. The Zacks Consensus Estimate for this year (ending January 2022) advanced 8.7% in that time to $2.86. Meanwhile, next year (ending January 2023) increased 6.6% to $3.09, which also suggests year-over-year improvement of 8%.

Zacks Investment Research
Image Source: Zacks Investment Research

Global Ship Lease (GSL Quick QuoteGSL )

Traffic jams aren’t reserved for dry land these days. Anyone who lives in a port city knows that the world’s supply chain is all messed up in the age of covid. That’s bad news for consumers and businesses that sell to them, but is kind of a boon to the containership charter market as shipping costs soar.

High demand and a tight supply of ships led to a strong second-quarter performance for Global Ship Lease (GSL Quick QuoteGSL ) , a leading independent owner of containerships. T! his envir! onment should remain for the foreseeable future, as record high charter rates lead to longer charter durations. As a result, the company’s earnings are currently expected to surge nearly 100% in 2022 over 2021.

GSL has a diversified fleet of mid-sized and smaller containerships. As of August 5, 2021, it owns 61 containerships and has contracted to purchase four more. Shares are up nearly 103% this year. It’s part of the transportation – shipping space, which is in the top 28% of the Zacks Industry Rank.

In its second quarter, earnings per share of 66 cents topped the Zacks Consensus Estimate by nearly 18%. It was the sixth straight positive surprise and marked an average beat of nearly 13% over the past four.

Revenue of $82.9 million bettered our expectation by more than 4% and advanced from $71.4 million a year earlier. GSL also grew its fleet by over 50% so far in 2021 and added over $900 million of contracted revenues.

The Zacks Consensus Estimate for this year is now at $3.37, which is up 5.3% from two months ago. But the big news is the outlook for 2022. GSL expects containership demand to remain strong moving forward, as it will take time to get back to normalized levels.

As a result, expectations for next year have skyrocketed 22.8% in 60 days to $6.69, which suggests year-over-year growth of 98.5%.

Zacks Investment Research
Image Source: Zacks Investment Research

Hippo Is Ready to Recover From a Chaotic Start

The story of Hippo Holdings (NYSE:HIPO) stock had an inauspicious beginning. The homeowners insurance provider emerged from a special purpose acquisition company (SPAC) deal that soured in the eleventh hour. Now, investors are wondering if HIPO stock is worth a buy.

HIPO stock: miniature home next to pen, pad of paper, calculator and coins on a deskHIPO stock: miniature home next to pen, pad of paper, calculator and coins on a desk

Source: MIND AND I /

InvestorPlace’s own Robert Lakin did an excellent job of detailing the less-than-stellar initial public offering (IPO) early last month. It’s a great primer for what happened to the company, which had the backing of the founders of Microsoft’s (NASDAQ:MSFT) LinkedIn and Zynga (NASDAQ:ZNGA) through a SPAC.

Not only did Hippo Holdings have big names behind it, but it also came from the same Tel Aviv startup incubator as Lemonade (NYSE:LMND). Initially, it looked like the new company would challenge Lemonade in the insurance technology revolution, given its pedigree. 

HIPO Stock Got Off on the Wrong Foot 

Ultimately though, Hippo would lose $192 million in funding. That money was returned to investors after Reinvent Technology Partners withdrew 83% of its capital from the project. 

Hippo was expected to receive $550 million in institutional private investment in public equity (PIPE) funding and $230 million in SPAC proceeds. This triggered a drastic fall in HIPO stock prices. 

A recent article outlining the fiasco offers a possible explanation for what caused the chaos: 

“Withdrawing part of the capital raised for the SPAC is a possible scenario in these mergers as the investors in the SPAC are the so-called ‘weak hands,’ who buy the SPAC shares even before the identity of the company that will be merged into it is known. To make it more attractive, investors in such a round receive two incentives. An option to sell the shares for their original $10 price, as well as an option to later acquire the public company’s shares.”

It seems that trepidation leading up to the IPO caused “weak hands” to err on the side of caution as the SPAC deal came under greater scrutiny. But even after that patchy start, there is hope for HIPO stock.

Is HIPO Stock Staging a Comeback?

Hippo did receive $550 million from the IPO, even though the SPAC proceeds failed to materialize as expected. That still left the insurance tech company with a reasonable shot at success. 

Part of that hope for a turnaround lies in the idea that Hippo could have been excessively punished or oversold by the market. If it truly has the capacity to challenge Lemonade, then current prices indicate real upside. 

But how can investors judge the upside potential of HIPO stock, or what to expect of it in terms of price? Well, it’s difficult to say.

There is no analyst coverage of the company currently, so there’s no help there. But HIPO shares have shown resilience this month, rising to nearly $7 on Sept. 9. 

That increase is likely attributable to the widespread desire to disrupt the centuries-old insurance industry. 

Big Names Are Interested in Hippo

Despite its unfortunate start, institutional investors are still keen to understand what Hippo Holdings has in store.

The company’s CEO Assaf Wand and CFO Stewart Ellis met with investors at a financial technology conference held by Goldman Sachs (NYSE:GS) on Sept. 9 and Sept. 10. There’s very clear potential for Hippo Holdings to impress financial institutions, despite the chaos surrounding its IPO. 

Hippo also formed a relationship with Ally Financial (NYSE:ALLY) just after going public. That deal was said to double its underwriting capacity, a surefire path toward increased revenues. 

The company didn’t have a stellar earnings report, but that might not matter. The bull thesis here is that Hippo could very well end up a phoenix rising from the ashes. All it needs is the right names behind it, and its poor start won’t matter.

The bigger picture is that insurance tech will remain an investment target, and Hippo Holdings could strengthen on that potential. 

On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.

Robot Trader Turns Bullish on Amazon, Facebook, and Nvidia. What It Sold.


An exchange-traded fund with holdings decided by artificial intelligence loaded up on shares of Amazon, Facebook, and Nvidia this month, as the robot trader turned bullish on technology and U.S. retailand doubted some Covid-19 pandemic trend stocks.

The top five stocks by portfolio weight added to the Qraft AI-Enhanced U.S. Large Cap Momentum ETF (ticker: AMOM) in its monthly rebalancing this month include tech giants Amazon (AMZN) and Facebook (FB), chip maker Nvidia (NVDA), and retailers Walmart (WMT) and Home Depot (HD).

In a departure from recent months, the robot trader went all-in with its new picks, which now represent the five largest holdings in the fund. Amazon has a portfolio weighting of 7.98%, followed close behind by Facebook with 7.91%. Nvidia makes up 6.06% of the fund with Walmart and Home Depot at 4.83% and 4.24%, respectively.

The remaining stocks in the funds top 10, making up between 3.96% and 1.9% of AMOM, are software groups Adobe (ADBE) and Intuit (INTU), semiconductor companies Texas Instruments (TXM) and Lam Research (LRCX), and beauty products powerhouse Est茅e Lauder (EL).

Facebook and Nvidias respective pushes into the metaverse make them attractive investments, said Francis Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.

The metaverse is a buzzword referring to virtual environments in which users can immerse themselveswhether that be to interact and work with others, consume content, or more. As Barrons wrote last month, its like being inside the internet, versus just connecting to it.

Facebook CEO Mark Zuckerberg has said the companys future is in the metaverseand it recently rolled out virtual workspaces in Facebook Workrooms. Nvidia, similarly, has developed what it calls the Omniversea real-time, 3-D computer simulation and collaboration platform with industrial applications such as simulating factories.

Also read:The Metaverse Goes Beyond Facebook. Watch These Stocks.

As for Amazon, AMOMs recent buy only brings the tech giant back into the fold after a hiatus. AMOM removed Amazon last month before it missed Q2 earnings expectations, Oh noted, saying that its addition in September represents the advantages of an active strategy.

Oh also said that the robot traders picksnamely, Walmart and Home Depotemphasize a retail boom in the U.S. The latest retail sales data, from July, showed that sales have slowed, but there remains a convincing case for investors to remain optimistic about American consumers.

The additions in September came as the artificial intelligence behind AMOM removed chip maker AMD (AMD), social media group Snap (SNAP), video communications company Zoom (ZM), digital scanning and orthodontics specialist Align (ALGN), and connected television maker Roku (ROKU). AMD, Snap, Zoom, and Align previously made up AMOMs top-four holdings.

Oh noted that the AIs decision to remove AMD was likely a profit-taking trade. The stock is up almost 17% so far this year.

But its a different story for Zoom and Roku, Oh said, highlighting that the robot trader turned its back on two stocks that represent the pandemic tradebusinesses that have benefited from trends accelerated by the Covid-19 pandemic.

This may be a response to the Delta [coronavirus] variant and the increasing belief amongst many analysts that it has reached its peak, Oh said.

Plus:Jeff Bezos Isnt the Worlds Richest Person Anymore. Meet the Man Who Beat Him.

AMOM has been listed in New York since May 2019, and has delivered total returns of 15.5% so far in 2021 and 32% in the past yearoutpacing its benchmark, the S&P 500 Momentum index, which has climbed a comparable 30% in the past year.

AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.

The fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index ( QRFT ); a U.S. large cap dividend index ( HDIV ); and a U.S. value index ( NVQ ).

The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasnt quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis, when tested against historical data.

But Vasant Dhar, a professor at New York Universitys Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds wont crack the code of the stock market.

Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have a nonstationary and adversarial nature. He advised investors considering an AI system to ask tough questions, including how likely it is that the AIs edge will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.

Write to Jack Denton at

4 Staffing Stocks to Gain From a Rebound in the Labor Market


When the coronavirus gripped the United States last year, the labor market was hit hard with economic activities being halted and millions losing their jobs. But thanks to rapid progress in vaccination, which has led to businesses opening up, the labor market is gradually turning around.

For the week ended Aug 14, initial jobless claims fell for the fourth straight week, reaching their lowest level since the middle of March 2020, as mentioned in a Reuters article, citing the Labor Department. The article mentioned, citing the Labor Department, that for the week ended Aug 14, initial claims declined by 29,000 from the previous week to a seasonally adjusted 348,000. A continuous decline in jobless claims indicates that job additions are progressing steadily, which should bode well for staffing firms.

Even though demand for labor has been increasing steadily on continued economic reopening, firms and businesses have found it difficult to fill up job openings. Certain factors have worked against them with several Republicans citing federal unemployment benefits as one of the reasons, including the $300 weekly payment. To boost labor participation in the workforce, 26 states ended federal benefits either in June or July, way earlier than the Sep 6 deadline, as mentioned in a CNBC article. Besides that, concerns related to COVID-19 might have kept people at home and unwilling to get back to work.

But the continued fall in jobless claims indicates that the situation is improving and adding to that positive sentiment, the Labor Department stated on Aug 6 that nonfarm payrolls increased by 943,000 in July, marking the highest gain since August last year, as quoted in another Reuters article. Further suggesting that more people are going back to work, the Reuters article stated that the unemployment rate fell to a 16-month low of 5.4% in July. In fact, to attract more workers into joining, businesses are also offering lucrative benefits and higher wages. The labor participation rate also witne! ssed an uptick in July, per the article, as it rose to 61.7% from 61.6% in June.

It’s interesting to note that the services side of the economy is resulting in higher job additions. As economic activities are resuming and people are going out more often, consumer spending is shifting from goods to services. This is because people are trying to make the most of the pent-up demand for such services. This is getting reflected in job additions in sectors like leisure and hospitality that increased by 380,000 in July, amounting to 40% of the job gains, as cited in the Reuters article. Employment at restaurants and bars also increased 253,000 during the month, going by the article.

4 Staffing Firms to Buy Now

The U.S. labor market is recovering gradually from the pandemic-related woes of last year as evident from the continuous decline in initial jobless claims. The unemployment rate also fell in July while nonfarm payrolls witnessed an uptick during the month. This seems then an opportune moment to invest in staffing firms with strong fundamentals that can make the most of the renewed strength in the labor market. We have handpicked four such stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Korn Ferry (KFY Quick QuoteKFY ) , together with its subsidiaries, provides organizational consulting services, providing executive search services to fill executive-level positions for clients in the industrial, life sciences/healthcare provider, consumer, and other sectors.

Shares of Korn Ferry have risen 52.8% year to date and it currently flaunts a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings increased 21.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 64.1%.

ManpowerGroup Inc. (MAN Quick QuoteMAN ) provides workforce solutions and services, offering recruitment services, including permanent, temporary, and contrac! t recruit! ment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. In the second quarter of 2021, the company reported that its revenues in the United States increased 21.9% year over year.

Share of ManpowerGroup have risen 31.3% year to date. The Zacks Consensus Estimate for its current-year earnings increased 11.2% over the past 60 days. This Zacks Rank #1 company’s expected earnings growth rate for the current year is 89.7%.

Robert Half International Inc. (RHI Quick QuoteRHI ) provides staffing and risk consulting services. The company reported on Aug 17 that its Robert Half mobile app, which is designed to help job seekers, has won a Gold Stevie Award in the 18th Annual International Business Awards.

Shares of this Zacks Rank #2 company have risen 62.7% year to date. The Zacks Consensus Estimate for its current-year earnings increased 17.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 81.1%.

Heidrick & Struggles International, Inc. (HSII Quick QuoteHSII ) , together with its subsidiaries, provides executive search and consulting services to businesses and business leaders worldwide. In the second quarter of 2021, the company reported a new segment, namely, on-demand talent, following the acquisition of Business Talent Group, which generated net revenues of $18.7 million, which was above the company’s expectations.

Shares of this Zacks Rank #2 company have risen 40.1% year to date. The Zacks Consensus Estimate for its current-year earnings increased 17.1% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.

NFT Gaming Giant Axie (AXS) Infinity Doubles Ethereum's Revenue Over Past Month

What Happened: Blockchain-based trading and battle game Axie Infinity (CRYPTO: AXS) has grown exponentially in a year.

Over the past month alone, Axie Infinity’s protocol revenue exceeded $330 million, doubling Ethereum’s (CRYPTO: ETH) revenue which stood at $152 million, according to data from Token Terminal.

The game works on a play-to-earn model, where players breed Pokemon-inspired tokenized creatures called Axies. Each Axie is an NFT and has a different set of attributes and strengths.

The Axie Infinity ecosystem also has its own governance token, AXS, which has skyrocketed by more than 13,000% since the beginning of the year.

Although the platform has been around since 2018, its native token did not see much price action until the introduction of its sidechain Ronin.

After the protocol introduced the Ronin sidechain, players could easily breed their Axies without being subject to the high fees they experienced on the Ethereum blockchain.

For the moment, Ronin has zero transaction fees.

Once more and more players made the switch, adoption increased seven-fold.

The platform now has over one million daily active users, responsible for the explosive revenue growth.

What’s more, 95% of this revenue goes back to the players of the game. In order to be part of the Axie economy, players need to own a minimum of three Axies.

At current prices, this means a $600 investment, but users can also opt to borrow Axies from managers and pay them a portion of their earnings.

“The goal was always to make a living playing the game and to own your own characters,” an Axie community member told The Defiant.

“It took a long time for people to understand.”

The player makes a steady income from just playing the game alone and has been able to increase this figure considerably after the game’s utility token Smooth Love Potion (CRYPTO: SLP) surged in value.

“It has the highest co-efficiency of virality of anything that’s been invented on the internet before,” a player called OhhShiny said. “I believe it has the potential to transform global labor markets.”

Price Action: At press time, AXS was trading at $69, losing 1.8% over the past 24-hours.

SLP was trading at a price of $0.15, down 2.29% over the same period.

Photo: Courtesy of Axie game

We’ve Made Huge Gains From M&A Deals Recently — Get Ready For More…

Thanks to a June swoon, my beloved Chicago Cubs started throwing around the dreaded r word. As a lifelong fan, Ive become used to this sort of thing in most years. But still, it didnt make it any easier.

Rebuild. Thats sports talk for jettisoning your highly-paid stars, writing the season off as a loss, and regrouping next year with a younger core of prospects.

Sure enough, General Manager Jed Hoyer dealt away most of the starting lineup in a flurry of one-sided trades. The ax fell on no less than seven heads (some joked that even the hot dog vendor was being traded to Cleveland). In the span of a few days, several of the most beloved players in the history of the franchise were sent packing.

Even first baseman Anthony Rizzo had to go. The popular fan favorite and four-time gold glove award winner was signed by the hated New York Yankees driving their annual payroll well past $200 million. But in the end, fans can only trust that Presidents and GMs will make smart decisions that yield the best long-term results. Time will tell.

The same is true in the corporate world, where executives are always tasked with getting the most productivity out of their assets. That often means divesting units that underperform (or no longer fit) and acquiring new pieces to fill gaps and round out the team.

Weve seen quite a bit of this lately. According to Refinitiv, global merger and acquisition (M&A) activity has reached $2.4 trillion thus far in 2021 more than double the deal-making volume from this time last year. Clearly, managers are making up for the lost time.

And this could be just the beginning…

The Casinos Landlord Gets Bigger & Better

As one of the nations largest real estate trusts, VICI Properties (Nasdaq: VICI) hasnt been shy about making bold acquisitions. It has only been a few months since the company extended a $4 billion offer for the iconic Las Vegas Venetian resort.

The new owner just signed a 30-year lease at the rate of $250 million per year about $684,000 per day. For VICI, thats a healthy return of 6.25% on its investment. Yet, this transaction pales in comparison to the companys latest conquest.

On August 4, VICI announced plans to assume control of MGM Growth Properties (NYSE: MGP). The transformative $17 billion stock-swap deal will give VICI the keys to mega-resorts such as Mandalay Bay and MGM Grand. The company already owned much of the real estate on the north end of the Las Vegas strip. Now it controls the south end as well.

Whereas VICI was created as a holding vehicle for Caesars and Harrahs branded casinos, MGM Growth Properties was formed to manage the real estate of MGM Resorts (NYSE: MGM). These two REITs share the same business model just different tenants.

Once this deal is finalized, VICI will add 15 new properties containing 33,000 hotel rooms and millions of square feet of convention meeting space. That includes the Mirage, Excalibur, Luxor, and New York New York. You might say the company is going all-in on the Las Vegas market. But the portfolio is geographically diverse and spreads from coast to coast. Future rental income will be split roughly 50/50 between Las Vegas and other regional gaming markets.

As the new landlord, VICI will be raking in $860 million in annual rent via a 25-year master lease with automatic rate bumps each year to keep pace with inflation. Even by Las Vegas standards, this is a big transaction. It will create the worlds largest experiential real estate owner, with an enterprise value of $45 billion.

There are several long-term strategic benefits to this merger. But for now, the merger will be immediately accretive to cash flows. The company expects to generate $500 million in surplus adjusted funds from operations (AFFO) annually after dividend distributions. That cushion leaves room for future rate hikes, and weve had one already. Management just approved a 9% increase in the quarterly dividend to $0.36 per share which raises the yield to a healthy 4.5%.

I see nothing but positives from this merger. MGP has expanded rapidly since its 2016 IPO, lifting its own dividends by 44%. Better still, these high-quality resorts were purchased at a 30% to 40% discount to what it would cost to build them today. And its worth noting that MGP collected 100% of its contractual rental income last year, despite worst-case scenario Covid lockdowns.

You dont typically expect a REIT to outperform the S&P 500, but thats exactly what weve seen with VICI. Weve owned it in our High-Yield Investing portfolio since the summer of 2018, delivering a return of 67%, compared to the S&Ps 60%. But with this deal in place, its still worth a look for investors today.

Who Knew Trash Could Be So Profitable?

I first recommended Covanta (NYSE: CVA) just over a year ago in July 2020. At the time, many industries had been disrupted by Covid lockdowns and the future was uncertain.

But trash pickup was never in doubt. Covanta is one of the nations top providers of waste-to-energy (WtE) services. The company owns or operates 41 WtE facilities in North America. These plants take in 21 million tons of unwanted municipal garbage each year and convert it into 10 million megawatt-hours of electricity enough to power more than one million homes.

Like solar and wind power, solid waste is deemed to be a clean, renewable fuel source.

This is a beautiful business model. Other power generators must pay for their raw materials (coal, natural gas, etc.). But Covantas fuel is free. Better than that the company is paid to take it. Covanta provides waste disposal services to both commercial businesses and public sector entities, typically under long-term contracts.

So the company is paid to empty dumpsters, and then gets paid again when the contents are turned into electricity for utilities and other buyers. And those annuity-like, contractual revenues fuel an above-average dividend.

Apparently, we werent alone in our high regard for Covanta.

Just recently, a privately-owned infrastructure fund came forward with a generous $5.3 billion offer (including the assumption of debt). The buyer has agreed to pay $20.25 per share. A month ago, before rumors of a buyout started to swirl, CVA was trading at $14.78. Thats a healthy premium of 37%.

CVA is currently trading near the $20.25 bid price, an indication that the market sees few regulatory obstacles standing in the way of this deal. The buyout has propelled the stock past its pre-Covid levels to a new all-time high.

It’s nice to be on the receiving end of a takeover. It means we were able to enter the stock below $10 and exit above $20 pocketing a nice triple-digit gain in about a year.

Closing Thoughts

Ive said it before, but it bears repeating… As we emerge from the Covid pandemic, expect to see a wave of deals over the next few years. Corporate coffers are full and interest rates are at record lows, which means its never been easier for companies to buy their way into growth.

All that to say, these two examples won’t be the last of deals like this. Get ready to see a lot more buyout activity in the months ahead.

In the meantime, if youre looking for some of the best high-yield stocks around the kind you can build your portfolio around and not have to lose sleep at night then you need to check out my latest research…

Over at High-Yield Investing, I recently told my subscribers about a group of bulletproof dividend payers that has survived every downturn of the past few decades… and still raised dividends and delivered amazing returns to investors. And if history is any guide, theyll continue to do so for years to come.

You can learn all about them by visiting this link.

7 Penny Stocks to Buy if You Want Potential Multibaggers

There have been plenty of improvement in key economic indicators of late. Core inflation has found calm while the jobs market is recovering, which has inspired a positive outlook from most analysts. As a rule of thumb, smaller-cap stocks and penny stocks perform well during periods with a positive economic outlook.

I’ve thus decided to sift through and pick a few penny stocks for investors who’re seeking to take full advantage of the market sentiment. I went into my search with the goal of finding seven penny stocks that provide solid prospects with reasonable risk-reward utility.

It’s critical to include penny stocks as part of a diversified portfolio instead of on a standalone basis, as the idiosyncratic risks are high relative to more mature stocks.

With that being said, here are the top seven penny stocks I found across markets:

Greenlane Renewables (OTCMKTS:GRNWF) Ceragon Networks (NASDAQ:CRNT) VitalHub (OTCMKTS:VHIBF) Rockwell Medical (NASDAQ:RMTI) Stem Holdings (OTCMKTS:STMH) Nucana (NASDAQ:NCNA) China Online Education Group (NYSE:COE)

Penny Stocks: Greenlane Renewables (GRNWF)

A photo of a sprout growing in soil.A photo of a sprout growing in soil.

Source: kram-9/

Greenlane Renewables is a contract-based biogas equipment supplier. GRNWF stock has gained nearly 30% over the past month as smaller-cap stocks have become popular once more.

Greenlane signed off on another $10.2 million worth of contracts this month, meaning earnings sustainability is a few steps closer. In Canada, the stock more than quadrupled in 2020 before being re-listed on the Toronto Stock Exchange’s mainboard in early 2021.

The stock’s down by around 25% year to date, but don’t take that as a negative. In fact, I believe it’s an excellent time to buy the dip as the company’s poised to take advantage of Canada’s 2030 zero-carbon goal.

Ceragon Networks (CRNT)

a ground-up view of multiple cell towers in a circlea ground-up view of multiple cell towers in a circle

Source: Shutterstock

Ceragon Networks is a company that provides wireless backhaul solutions. These enable cellular operators and other service providers to deliver voice and data services.

CRNT stock had spent several years trading basically flat, but has managed to gain over 60% over the past year amid a build-up of 5G enthusiasm.

Ceragon recently beat analysts’ expectations with its second-quarter earnings release as it produced an EPS beat of 3 cents. But another factor that’s set to spur on stock performance is the low number of shares outstanding, a criticism of many penny stocks is that they issue an exorbitant amount of shares, which dilutes shareholders, but Ceragon only has 83.38 million shares outstanding.

Ceragon is a well-established company that has been around for a while, and I believe it is fully set to benefit from the 5G world.

Penny Stocks: VitalHub (VHIBF)

Healthcare professional in green scrubs standing with arms crossed.Healthcare professional in green scrubs standing with arms crossed.

Source: Shutterstock

The electronic medical records (EMR) space is experiencing massive activity under venture capital flow. The area was worth $26.8 billion last year, and GrandViewResearch adds that “it is expected to witness a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028.”

VitalHub can be likened to a thematic venture capital company; it’s a special purpose vehicle that acquires companies who develop electronic healthcare solutions.

The stock’s been flat year to date, experiencing around 1% in upside. The company has since produced impressive topline numbers and the blockchain revolution could reignite the extraordinary run its Canadian stock experienced in 2020 when it nearly doubled in value.

It’s also worth noting that VitalHub’s business model is to acquire hypergrowth companies that add value to a holistic model. If this all comes together, it will turn its $11.2 million in intangible assets into surging revenue.

Rockwell Medical (RMTI)
ATOS stock: a scientist with protective equipment and microscope in a lab JAGX stockATOS stock: a scientist with protective equipment and microscope in a lab JAGX stock

Source: luchschenF /

Rockwell is a niche biopharma company that focuses on chronic kidney diseases with therapies and products to treat iron deficiencies and hemodialysis.

It’s an infrequent occurrence that a biopharma penny stock holds relative value, but Rockwell does. An enterprise value/sales ratio of 0.66 stacks up well with a price to sales ratio that has decreased by 294%.

Improvements in earnings could also be on the way due to factors such as the extension of the company’s supply contract with Nipro Medical, the licensing agreement with Drogsan Pharmaceuticals for the rights to commercialize Triferic AVNU, and the marketing approval for the same product in Canada.

Though you may want to keep an eye on earnings Monday evening before making a decision on Rockwell.

Penny Stocks: Stem Holdings (STMH)
marijuana stocks Hand gently holding rich soil for his marijuana plantsmarijuana stocks Hand gently holding rich soil for his marijuana plants

Source: Jetacom Autofocus /

Stem Holdings is an overlooked “pot stock.” It’s vertically integrated, meaning that it controls its entire value chain. The company deals with both medicinal cannabis and infused cannabis from seed to sale.

Foreign vertically integrated cannabis stocks such as Aurora (NASDAQ:ACB) and Canopy Growth (NASDAQ:CGC) have reached tremendous heights as deregulation unfolded.

Stem reported 358% year over year in revenue growth in March. And investors are incredibly excited about the company’s third-quarter earnings release on Aug. 17. I fully believe that Stem will surprise investors with its growth through acquisition strategy; this is a model that worked well for Tilray (NASDAQ:TLRY), and I think Stem will follow a similar trajectory.

Institutions are confident about the stock’s prospects, with Noble Financial expecting more than 600% in upside with a $2 price target.

Nucana (NCNA)

stethoscope on a stock chart representing healthcare stocks to buystethoscope on a stock chart representing healthcare stocks to buy

Source: Shutterstock

Nucana provides excellent prospects with its cancer treatment products developed by its proprietary ProTide technology. Jeff Bloss has just been added to the team as chief medical officer. Jeff brings 25 years of experience in Oncology at various biopharma companies such as Xencor, Onyx and Genetech.

Nucana has over $119 million in cash to work with while rolling out its much anticipated biliary tract cancer treatment product, Acelarin, which is currently in phase-3 study.

The company also has an anti-cancer agent (NUC-3733) in phase one of study.

Picking this stock is a gamble and about as binary in nature as it gets, but these products’ commercial prospects make it a risk worth taking.

Penny Stocks: China Online Education Group (COE)

a child takes notes while attending an online class. represents education stocks. best-performing stocksa child takes notes while attending an online class. represents education stocks. best-performing stocks

Source: Travelerpix /

This might be a controversial pick considering that Edu-tech stocks were the part of the mass China sell-off a couple of weeks ago, when Chinese tech policy changes were announced. Further doubts surrounding tutoring reforms loom.

I, however, think that this particular stock will shake off systemic risk, and it’s a brilliant opportunity to buy in while most investors are doubtful.

The Chinese online education market is forecast to grow at a constant annual growth rate of 17.5% over the next six years.

Source: Statista

 China Online Education Group provides English classes to students online in the Peoples Republic of China and the Philippines. The company reported 33% in year-over-year revenue growth in its first-quarter earnings release and gross profits of 67.3%.

The stock has a superb relative value with a PEG ratio of 0.01, indicating that the stock’s undervalued by 100x. Needham agrees with the value potential and argues that investors could expect an upside worth more than 1,000%, with a price target of $32.

If there are any questions regarding the article, please get in touch with me directly!

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that’s writers disclose this fact and warn readers of the risks. 

Read More: Penny Stocks — How to Profit Without Getting Scammed 

On the date of publication, Steve Booyens held a long position in GRN. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa, and his articles are published on various reputable web pages such as Seeking Alpha, Benzinga, Gurufocus, and Yahoo Finance. Steve’s content for InvestorPlace includes stock recommendations, with occasional articles on crowdfunding, cryptocurrency, and ESG. 

Cannabis Sales Soaring, Illinois and Massachusetts Break Records

Adult-use marijuana sales in Illinois exceeded $120 million in August, state officials reported on Thursday. Illinois saw $121,933,542 in cannabis purchases last month, with $81,275,830 coming from in-state residents and $40,657,711 from out-of-state visitors, in particular, from neighboring states that do not have a legal market, reported Marijuana Moment. 

If the trend continues, Illinois is on track to see more than $1 billion in adult-use marijuana sales in 2021.

Amid a huge budget deficit, the state generated more than $86 million from adult-use marijuana tax revenue between January and March 2021 and has repeatedly broken its own monthly cannabis sales records, hitting $28 million in March alone.

Adults spent almost $110 million on recreational cannabis products during March (more tax dollars from marijuana receipts than alcohol for the first time ever), reported Newsweek.

Illinois officials have emphasized that the tax dollars from all of these sales are being distributed. $31.5 million were allocated in grants funded by marijuana tax dollars to communities that have been disproportionately impacted by the war on drugs.

Massachusetts Not Doing Badly Either: $844 Million Since January

Marijuana sales in Massachusetts have topped $2 billion since the state’s adult-use market launched in late 2018, the Cannabis Control Commission reported on Wednesday.

Gross sales from the state’s 165 cannabis retailers and three delivery services reached 

over $2 billion as of August 31.

That doubles the sales total that the commission reported last November.

Despite being closed for two months in 2020 due to the COVID-19 public health emergency, 91 marijuana retailers generated a total of $702 million for the full calendar year of 2020.

As of the start of business on Wednesday, September 1, the Commission reported licensees have generated $844 million since January 1st, already making 2021 a record sales year.

The adult-use cannabis industry in Massachusetts consists of nearly 16,667 active marijuana establishment agent registrations: 35.4 % identify as female and 64.1 % identify as male, while 72.4 % identify as White, 7.6 % identify as Hispanic, Latino, or Spanish, and 6 % identify as Black or African American.

Echo Global Logistics (NASDAQ:ECHO) Lowered to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Echo Global Logistics (NASDAQ:ECHO) from a buy rating to a hold rating in a research report released on Monday morning, The Fly reports. Stifel Nicolaus currently has $48.25 target price on the transportation company’s stock, up from their previous target price of $42.00.

Several other brokerages also recently commented on ECHO. Truist Securities downgraded Echo Global Logistics from a buy rating to a hold rating and lifted their target price for the stock from $36.00 to $48.25 in a report on Monday. Morgan Stanley lifted their target price on Echo Global Logistics from $29.00 to $30.00 and gave the stock an equal weight rating in a report on Monday, August 2nd. Finally, Stephens lifted their target price on Echo Global Logistics from $42.00 to $45.00 and gave the stock an overweight rating in a report on Thursday, July 29th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from, the company presently has a consensus rating of Hold and a consensus price target of $40.37.

Get Echo Global Logistics alerts:

Shares of ECHO stock opened at $47.90 on Monday. The stock’s fifty day moving average price is $31.26 and its two-hundred day moving average price is $31.95. The company has a market cap of $1.28 billion, a PE ratio of 27.53 and a beta of 1.15. Echo Global Logistics has a fifty-two week low of $25.00 and a fifty-two week high of $48.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.28.

Echo Global Logistics (NASDAQ:ECHO) last released its quarterly earnings data on Wednesday, July 28th. The transportation company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.30. Echo Global Logistics had a return on equity of 13.45% and a net margin of 1.46%. The company had revenue of $934.50 million for the quarter, compared to the consensus estimate of $862.26 million. On average, equities analysts predict that Echo Global Logistics will post 2.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ECHO. First Trust Advisors LP bought a new stake in Echo Global Logistics during the 1st quarter worth approximately $208,000. Victory Capital Management Inc. boosted its stake in shares of Echo Global Logistics by 65.1% in the 1st quarter. Victory Capital Management Inc. now owns 156,333 shares of the transportation company’s stock worth $4,911,000 after buying an additional 61,653 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Echo Global Logistics by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,787 shares of the transportation company’s stock worth $370,000 after buying an additional 870 shares during the last quarter. Professional Financial Advisors LLC purchased a new position in shares of Echo Global Logistics in the 1st quarter worth approximately $378,000. Finally, Seizert Capital Partners LLC boosted its stake in shares of Echo Global Logistics by 49.6% in the 1st quarter. Seizert Capital Partners LLC now owns 94,782 shares of the transportation company’s stock worth $2,977,000 after buying an additional 31,413 shares during the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.

Echo Global Logistics Company Profile

Echo Global Logistics, Inc engages in the provision of technology enabled transportation and supply chain management services. It offers truckload, small parcel, intermodal, domestic air and expedited services, and international transportation solutions. The company was founded by Bradley A. Keywell and Eric P.

See Also: Do equity income investments outperform growth and income investments?

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Analyst Recommendations for Echo Global Logistics (NASDAQ:ECHO)

The Jobs Report, Some Earnings News, and a Chat With Fiverr's CEO

The stock market hits a record high on a stronger-than-expected jobs report. Square (NYSE:SQ) announces plans to buy Australian fintech company Afterpay for $29 billion in stock. Etsy (NASDAQ:ETSY) reports earnings and Weber Grill (NYSE:WEBR) makes its public market debut. In this episode of Motley Fool Money, Motley Fool analysts Ron Gross and Jason Moser discuss those stories and weigh in on the latest from Cloudflare (NYSE:NET). They also share the stocks on their radar. Plus, we revisit our July interview with Fiverr International (NYSE:FVRR) CEO Micha Kaufman and talk about the future of work.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on Aug. 6, 2021.

Chris Hill: We’ve got the latest headlines from Wall Street. We’ve got a conversation with Fiverr CEO Micha Kaufman. As always, we’ve got a couple of stocks on our radar. But we begin this week with the big macro. The U.S. economy added 943,000 new jobs in July. The reports for May and June were revised to add an additional 119,000 jobs and the unemployment rate fell from 5.9% to 5.4%. That is a big drop for a single month.

Ron Gross: Not too shabby, two strong months in a row. I think this is really positive. Job gains, perhaps not surprisingly, were strongest in leisure and hospitality. As people get back to work, added 380,000 positions, 253,000 of those came in bars and restaurants. Again, people coming back to work where they’re badly needed. Those industries have been really labor constrained for a while. Next was government jobs, then professional and business services. The wider unemployment metric that we sometimes talk about known as U-6, that fell pretty sharply to 9.2% from 9.8. The Fed is targeting 4.5% for the general unemployment rate. As you said, we’re at 5.4% now. I think the Fed believes we’re on target for something in the mid-fours next year. That would be pretty exciting and approaching full employment. I think it’s likely the Fed will start to taper their bond buying program later this year, if things stay on course. Ten-year interest rates ticked up on this news, the tech-heavy Nasdaq was down on Friday probably as a result of a concern over higher interest rates. I’ll just add that the stock market’s a funny thing. Everyone wants a stronger economy, but strong economic data will cause the Fed to ease up on its stimulus policies and that will hurt stocks and people don’t like that. It’s hard to know what people are actually rooting for. I hope it’s a strong economy.

Hill: Yeah. There absolutely is that situation where people are like, “Oh, we want the economy to come back,” and then you get news like this and stocks are, it’s like, “No, not like that, not when it affects my stocks.”

Gross: Exactly. Delta obviously is the wildcard here. I am concerned, but not panicked. I think our economy is going to get through that.

Hill: The war on cash just got more interesting. Square is buying Afterpay, the Australian payments company, for $29 billion in stock. Despite that dilution, Jason, shares of Square are up 12% this week. That’s a nice big jump considering how much they paid for Afterpay.

Jason Moser: Yeah. You said the D-word there, dilution. It is something that’s going to impact that share count by close to 25%. I think the skeptic probably looks at this deal and thinks that Square is overpaying for what really just amounts to a feature. The optimist, the glass-half-full investor probably looks at this and says, “Well, sometimes it’s easier to buy it as opposed to building it.” Maybe in this case, that makes more sense for Square. I think for Square, this is a combination of buying it being easier than building it and ultimately, time being of the essence. I feel like they felt like they needed to get this deal done sooner rather than later. Hence, the inflated offer — $29 billion, that puts Afterpay around 60 times gross profit. That obviously is not a cheap multiple. But I will say, at least the business is showing signs of success. This is a business that’s grown revenue from $189 million in 2019 to $693 million in 2021. Gross merchandise volume went from $3.7 billion to $15.8 billion in the same period. Very similar cultures, very similar purposes. Yes, I think you would succeed in arguing that maybe Square overpaid for this. But by the same token, I think it’s understandable why they did. Ultimately, I think this could be a nice added feature to the Cash App. Then that’s ultimately what this really is all about, is building out that Cash App capability so that consumers and merchants alike have as many decisions and options as possible.

Hill: Somewhat overlooked in all this news is that Square also came out with their second-quarter report. Anything in particular stands out to you?

Moser: Nothing in particular. It does feel like it’s just steady as she goes here with this business and that’s a good thing. It is really all about sellers and the Cash App. But if you look at numbers, total net revenue was $4.68 billion. That was up 143% from a year ago. Now, clearly we’re coming from a tough time a year ago. There is a rebound factor there. If you exclude Bitcoin, which I think we always should do in this case with Square, net revenue for the quarter was $1.96 billion. That was still up 87% from a year ago. Cash App continues to deliver strong growth. It generated $3.33 billion of revenue and $546 million of gross profit. Gross payment volume for Square this quarter rose 88% to $42.8 billion, nearly 4.5 million customers. This was an interesting stat I saw. Nearly 4.5 million customers held a stock or an ETF in the second quarter alone via the Cash App. That was up more than three times from a year ago. Again, going back to the capability that they are introducing, that Cash App, which is now reaching over 40 million monthly transacting customers. There are just a lot of things going on with this business. But they all really come back to building out the capability and the functionality of that Cash App. Again, merchants and consumers have as many options as possible.

Hill: Shares of Etsy fell 10% after its second-quarter report showed profits higher than expected, and revenue growth of 23%. There’s a lot going right for Etsy, Ron, but this is another one of those times when the guidance outweighed the results.

Gross: Yes, agreed. They definitely beat expectations, but investors are focused on the less than expected number of active buyers and what may be on the horizon in the future. I think it’s essential to remember that Etsy benefited from a huge pull forward of buyers during the pandemic. In 2020, they acquired 38 million new buyers. That’s nearly two times the number of new buyers acquired in 2019. I don’t think it should be a surprise to investors that these numbers are slowing down. Overall, it was a solid quarter, consolidated gross merchandise sales, GMS, up 13%. If we remove the impact of lower demand for masks, the Etsy stand-alone business actually grew 31% year over year, on a two-year basis 153%. These are strong numbers. Consolidated revenue up 23%. As I said, new buyer growth slowed post-pandemic, but they did add 8 million new buyers. Again, I think investors wanted to see more than 8 million there. Net income up fractionally, up about 2%. But as you said, the guidance is a little bit troubling. The management said the comps get tougher as they progress through 2021. Again, I don’t think that necessarily should be a surprise, especially considering the anniversary of strong pandemic results, including the absence of really strong demand for masks and stimulus checks, which helped the business. But they’re doing what they need to do. They’re focusing on improving customer service, buying experiences. They made two strategic acquisitions in July. I think the business is on track and investors just need to make sure their expectations fit with reality.

Hill: Cloudflare hit an all-time high this week, but second-quarter results for the cybersecurity company had the stock falling a bit on Friday. Jason, Cloudflare is not profitable yet, but CEO Matthew Prince appears to be doing a nice job of making it clear to Wall Street analysts that he is taking a long-term approach to profitability.

Moser: You are absolutely right and to that point — to me, this company feels more like a must-own, given leadership’s drive and focus on innovation and creation. It’s a very Amazon-esque approach in that regard when it comes to profitability. The CEO, Matthew Prince, interestingly, he can be very critical of Amazon and its strategies when it comes to Amazon Web Services. But all in all, he still takes that very long-term approach and I think that’s going to work out very well for this business and investors. In regard to the numbers, revenue up 53% from a year ago to just over $152 million. Dollar-based net retention, 124%. That was up 900 basis points. Again, that tells us that not only are they keeping their customers, but they’re growing the services that they’re selling those customers. Speaking of customers, they continue to bring more of them through the door. They added roughly 140 large customers for the quarter, bringing that total to 1,088. Remember, those are customers who spend at least $100,000 or more with the business. It accounts for more than half of total revenue now. They are important. But even more interesting is their $1 million large customer cohort remains the fastest growing of those large customer cohorts. Again, speaking to growing those customer relationships over time, margins continue to improve. They’re seeing operating leverage playing out of the business there.

They landed a pretty sweet deal with the federal government, which is going to use Cloudflare Zero Trust solutions. Just back to your point in regard to patience and profitability, CEO and founder Matthew Prince said on the call that they have a long-term operating margin of 20%. When they get to that break-even status next year, they set that expectation this quarter that they are going to continue to reinvest in this business. They are not focused on just getting as profitable as quickly as possible. They have a lot of ideas and things they want to continue to build. This is going to be a business where they continue to use those profits to reinvest and grow. We’ve seen plenty of examples out there through the years where that works pretty well.

Hill: Shares of CVS Health basically flat this week despite the fact that second-quarter profits were higher than expected, and they raised guidance for the full fiscal year. Jason, CVS is planning to increase wages and invest more in their stores and digital platforms, and let’s face it, in the short term, that’s the kind of thing that can weigh a stock down a little bit.

Moser: Yeah, there’s no doubt about it. This hasn’t been the greatest investment over the past several years, but it is a business that’s been somewhat in transition, so we have to give them a little bit of credit there. They made a big acquisition, obviously, recently with that. I do feel like there are a couple of catalysts on the horizon that could help them. I think there will be some goodwill and some brand equity that comes from their role during the pandemic, and they’ve certainly been seen as a part of the solution in that regard. Further, I do think your point about the investments in digital, I think those are going to continue to pay off. Just to put a little context around that, management noted in the call that the digital retail customer spent 2.5 times more in their store, and also managed one-and-a-half times more prescriptions than non-digital, and they remain customers longer than non-digital patients. I think that we’re seeing a tangible impact of those investments in digital, which should work well for them further out. But yeah, to your point, they will be raising the minimum wage. That is something that will impact their cost structure. $600 million is the estimated labor costs over the next three years. All and all, it was a good quarter, revenue was up 11.1% versus the prior year, strength in all three major business segments, but the retail business segment grew the most, 14.2% growth there, driven primarily by prescription volume and COVID testing. It’s a bit of a sleeper there, but I feel like they’re making the right investments. There could be some better days ahead for CVS.

Hill: Big week for MercadoLibre, the leading e-commerce and fintech platform in Latin America. Second-quarter profits and revenue came in higher than expected, and Ron, the stock is still down from its high for the year, but up 12% this week.

Gross: Yeah, the stock was a little bit lackluster; two years up over 150%, so really strong there. They beat expectations on the top and the bottom lines. Unique active users grew by 47%, reaching almost 76 million. Gross merchandise volume up 46%, total payment volume up 50%, and total payment transactions increased 80%. These are obviously very strong numbers. The logistics business shipped 231 million items during the second quarter, that’s up 46%. This all translated into net revenue growth of 103% on a currency-neutral basis, that’s really strong results. The three main areas all put in pretty good results. Brazil, the weakest at 37% growth, Argentina, the best at 110%, and then Mexico at 96%. Gross margins took a bit of a hit, down 4.3% due to some costs associated with the expansion of logistics fulfillment centers, which is a good way to spend money. I think that’s necessary. They did improve sequentially. That’s great. Operating expenses, well controlled. This all boils down to a 67% increase in operating income. Very strong results, the stock’s reacting appropriately.

Hill: Wayfair’s second-quarter profits came in higher than expected. Shares of the online home furnishings retailer rose nearly 10% this week. Jason, Wayfair got a lot of people trying them for the first time during the pandemic, and you look at this quarter, it seems like they’ve done a nice job of keeping those new customers.

Moser: Amen to that. They’ve got a long track record now of doing just that, and it feels like this quarter, it was really a statement quarter. Whether the economy opened, the economy closed, pandemic, whatever is going on, this business should keep on doing well, and I think that’s what this quarter really proved. Management’s quite convinced that even with some short-term normalization regarding brick-and-mortar retail, as the economy reopens and people get back out, e-commerce share is doing nothing but gaining steam, and I think based on the numbers they lobbed up here this quarter, that’s proving out. CEO Niraj Shah noted on the call, consumer balance sheets are strong, interest in the home is not going away, even if there is some of the shorter-term normalization toward bricks and mortar. To those numbers, net revenue, $3.9 billion. It was actually down 10.4% from a year ago. But it’s worth noting, too, this is the toughest comp they’ve ever faced, based on what happened a year ago. Those sales numbers were dragged down a little bit by the U.S. There, those sales numbers in the U.S. were down 15.2% from a year ago. But it’s worth noting that revenue was up 11% sequentially. Gross margin, very strong, 29.3%. That’s versus 30.7% a year ago, and management’s longer-term target is still in the 27-28% range. But when you look at just the customer numbers, the retention numbers, active customers reached 31.1 million, that’s up 19.6% from a year-ago.

Trailing-12-month revenue per active customer, $478, that was up 8.6% from a year ago. That repeat customer business. Now repeat customers place 75.6% of total orders in the quarter versus 67.4% a year ago. Those are customers they don’t have to keep paying to acquire. It really has a big impact on this company’s financials as we’re seeing. It’s really interesting to see them in this new stage. They’re actually buying back stock. Maybe we’re seeing this company entering a new stage of its life cycle so to speak, where they have a little bit more confidence in how they invest those incremental dollars.

Hill: Shares of DraftKings up a bit this week after second-quarter profits and revenue for the sports betting company came in higher than expected. DraftKings also raised guidance for the full fiscal year. Maybe not a surprise, Ron, when you consider we’re just a month away from the start of the NFL season?

Gross: Yeah, everyone is excited for football season. Go Bucs. This is going to be a great season for sure. Strong quarter, beat expectations. Still not profitable, they’re building something here. As you said, they did raise revenue guidance. Some volatility in the stock. Investors may be wondering why. On Friday, they disclosed an investigation by the SEC concerning allegations over, ”Black market gaming and money laundering made by short-seller Hindenburg Research.” Again, short-seller, so take that with a grain of salt. We need to learn a little bit more as the SEC investigates. But the quarter was very strong, revenue up almost 300%, positively impacted by the return to a more normal sports schedule. They’re migrating to their proprietary in-house online sports betting technology. They expanded ties with Major League Baseball, with the NFL. They joined rival FanDuel and Caesars recently to become an official sports-betting partner of the NFL. They’re live in 12 states that collectively represent about 25% of the U.S. population. I expect that will increase over time as will this business and the results they put forth.

Hill: Feeling good about the Bucs repeating?

Gross: They’re in top 2.

Hill: For people starting a small business, finding reliable freelance help has been a longtime challenge, one that Micha Kaufman wanted to solve when he helped start Fiverr, an online marketplace for freelance services. Founded in Israel in 2010, Fiverr now operates in over 160 countries around the world. In addition to co-founder, Kaufman is also the CEO and chairman of the board. Motley Fool Chief Investment Officer Andy Cross talked with Kaufman recently about Fiverr’s platform, the company’s culture, and the aim of starting the business in the first place.

Micha Kaufman: The idea behind the company was really to make the experience of buying a digital service as easy as buying on Amazon. We really wanted to create an e-commerce experience. Now it’s easier said than done, because when you think about digital services, they’re very nuanced. There is no SKU system for digital services. We needed to create a technology that allows freelancers and agencies to productize their services so that they can be offered in a simple manner. The experience would be going to a catalog, you either browse by categories or you do a search. You see everything, you see who’s offering the service and what’s their rating and their customer reviews. You see exactly what they’re offering, you know exactly when it’s going to be delivered, and you know the exact price. We don’t do hourly rates, it’s the exact price. So whatever prices you see on Fiverr are the prices you should expect to get the service for. All you have to do is just click “Order” and you’re done. This is a huge revolution for both sides of the transaction because before Fiverr, the average time that it took for anyone to find and engage with freelancers was about 30 days. It takes a lot of time. It’s really very similar to dating, and it’s very hard to do this matching. The average time that it takes a visitor that lands on to take their credit card and place an order is 15 minutes, and it’s going down. Once you replace 30 days by 15 minutes, you’re not going back. That’s the beauty, that’s the magic that comes with it. It really removes the majority of the friction and the inefficiency that existed in the freelancing space.

Andy Cross: Micha, there’s lots of different freelancing around the world. It’s a massive market. There’s just lots of different kinds of freelance projects. Describe a little bit about who are the buyers, who are the sellers on Fiverr in general, and what types of projects are posted or required or asked for on the Fiverr platform.

Kaufman: Sure. Many years ago when we started the company, we decided that the go-to-market strategy for us is going to start at the very bottom of the market and allow freelancers to offer microservices, and focus on micro-businesses, the solopreneurs, the start-ups that are just starting. Over the years, we have gone upmarket, so it’s the horizontal market. It started with about six categories, which are now well over 500 categories in nine large verticals. So you can basically find any digital service you can imagine and a few you can’t imagine. Over the years, we took the company public starting more than two years ago. Ever since then, every quarter we report the addition of about 30 new categories every quarter. So it’s a fast-growing catalog and the number of SKUs are just infinite.

Cross: Give us some examples of some of the digitals. I know there are so many and so many different categories, but maybe some examples for some.

Kaufman: It could be from the basic services of someone helping you find a name for your business, and then maybe helping you design a logo for your business, and then maybe creating a website for you, and maybe writing the content for that website. Maybe developing an app for your service. Or maybe that could be a spokesman service to present your product. Or that could be video editing, or that could be search engine optimization, or that could be someone providing a voiceover for something you produce. From very basic services to very advanced services. Actually some of the services are being offered, as I’ve said, not just by individual freelancers, but by agencies and studios that can actually tackle much more complex types of product, but keep the simplicity for the customer. If you need an app and that app requires scripting and content and design and the actual development and then to promote that app, you can find all of that as one service in the convenience of our marketplace. From the customer side it really provides a tremendous amount of access for small businesses, but also for multinational companies that require more advanced services. This is why we’ve created the Fiverr business to allow teams and groups within companies to interact on the marketplace together and define projects, define budgets, and have convenient management for all of that.

Cross: If I’m hearing you right, it started serving lots of small and medium-size businesses and still that’s still a big part of your […].

Kaufman: SMBs are 99.9% business in the U.S. It’s a huge market.

Cross: U.S. is your largest market that you serve, although your global companies serve lots of different providers over the world. SMBs are such a key component, but you’re also moving upscale a little bit. You mentioned Fiverr business, we can get in a little bit to that. You talked about solutions and milestones, some other news as you continue to offer and enhance your offerings, and also building a subscription business, which I want to talk more about. But talk a little bit about how the platform works. Let’s say I’m looking for a service and Micha Kaufman’s out there and has a great service, and he and I connect through the Fiverr platform. Let’s just say the fee is $100, for example. I know you’ve talked about this in some of your presentations. Can you just walk through how the process works for you to actually get paid by me?

Kaufman: Absolutely. The magic here for freelancers is the fact that Fiverr is probably the first platform since the beginning of freelancing, whenever that was, that doesn’t require freelancers to do anything to win a project. This is huge for them. Remember, before Fiverr, if you were just starting as a freelancer, you spend exactly 100% of your time chasing customers because you have none. Your business is to be your own marketeer. Over time that decreases, but we found, by speaking to freelancers, that it doesn’t matter how successful they are, they continue investing about 30-40% of their time trying to find the next customer for the next week or month or quarter. On Fiverr, they don’t need to do any of that, they just show up. They create a profile, they use our technology to productize their offerings, and then they sit back and relax. Next time they’re going to hear from us is, “Hey Andy, you have a new customer. They already paid. Get to it. Just do the things that you love doing, which is not being a marketeer.” Maybe you’re a graphic designer, maybe you’re a content writer. The way the fee is structured is very simple.

The transactional portion of our business is 25.5%. Twenty percent comes out of the seller. But they know that, so they can price whatever they want to get on a net basis, so 20%. Then there’s a transactional fee of 5.5% that comes from the buyer. That is it, it’s as simple as that. Convenience. Again, since they don’t need to spend so much time marketing themselves, 20% is actually not very high. This is why we’re not getting pushback from our community. Fiverr doesn’t just connect people, it is a platform on top of which the transactions are being conducted. We don’t just solve access to talent, we solve all the secondary issues like contracting, invoicing, NDAs, secure communications, secure exchange of files, and storage of files, and obviously all of our rating system and so forth. By having the transaction happen on our platform, that provides us with a tremendous amount of data points that allow us to improve the service. We’re always a partner to every transaction. If the system thinks that the freelancer might be late to deliver an order, the system automatically would ping that seller and remind them that they have their delivery date due. These are very rare cases, they don’t meet that. The system could replace that freelancer with the consent of the customer while keeping everything streamlined so he thinks everything is simple. Beyond that, it provides us with those data points that allow us to understand how to do liquidity management in a smart way, and we have our own rating and reputation system that allows us to track hundreds of different data points. Every transaction is being used, that data is being fed to machine learning and AI to make sure that the next match is even better. Since we have tens of millions of transactions in our history, the system keeps improving itself.

Cross: Let’s talk about the Fiverr culture. I know it’s something you all spend a lot of time on thinking through different factors that go into culture. What makes the Fiverr culture unique?

Kaufman: The first thing maybe is the diversity of our team in our thinking. Fiverr is a company, it’s called Fiverr International. The reason is that we didn’t want to make this a specific country company. We really want to enjoy the fact that talent is global and so should our team be. We think that diversity that comes from different backgrounds, ethnicity and countries and languages add so much color into everything we do. It creates a lot of innovative ideas in the company. I think that this is one of the drivers. The second is the fact that people are extremely passionate about the mission. I’ve been an entrepreneur for almost 20 years. The likelihood of creating a successful company is some small number after the decimal point, but the likelihood of creating a successful company that is actually doing good, is almost zero. It’s so slim. We’ve been so fortunate to be in a position where we change the lives of millions of people in a great way. This is a huge driver. We never forget who we work for, it’s in our DNA. It’s probably the largest freelancing community in the world, and this is how we treat it.

Maybe you remember this, when we took the company public, the people that were up there ringing the bell were our community members, not us. This is how we think and this is how our team thinks. Then there are things that are within our operating principles and I’ve mentioned some which are thinking about simplifying everything. How to create simple, beautiful-to-use products that compress tremendous amounts of friction and inefficiency into something that would be super simple to use. Again it’s easier said than done. It’s the toughest thing ever, but you have a team that obsesses about that and it obsesses about the customer experience. I think that these are just some of the attributes that you have within the team which makes the culture really amazing. I think you sensed this and people tell me this. When they come to one of our offices or they hang up with us on Zoom, there’s a sense of something really unique in the air. I love this thing. It’s just incredible people.

Hill: You guys, we got another hot IPO. Weber Grill went public on Thursday and yes, technically the stock was flat on its first trading day, so the IPO itself was not the thing that was up, but the grills themselves Ron, I mean we’re fans of the Weber Grill products, aren’t we?

Gross: A lifelong customer and I will remain one for a very long time. Love my Weber.

Hill: Although we were talking during the break, Jason, it sounds like it for Ron, it’s definitely for me, more of a fan of the business than the stock at this point anyway.

Moser: Yeah. I feel like that’s a safe assumption there. Based on the S-1, it does feel like the use of proceeds, it was really just a bit of cash out there and an organizational structure. It looks like you’re three minutes into a Tetris game. Chris, it just doesn’t quite make sense, but I guess as time goes on, we’ll figure more out about this business, but no question, a very, very high-quality product.

Hill: Ron, I think that’s the problem. I have a Weber Grill, it’s 15 years old. If they want repeat customers, they have to start making these things not quite as good.

Gross: They last for a while. I do replace my grates and my flavorizer bars from time to time, so there’s a little bit of accessories here to purchase, a $9 billion market cap for this company. The IPO itself wasn’t that in high demand, but they priced it right because of that and now you have the stock up a bit, so the bankers did well.

Moser: I’m pretty sure that’s the first-time flavorizer has ever been used on this show, Ron. We talk a lot of grillers […].

Gross: I’m not even sure it’s the right word.

Hill: Let’s go to the stocks on our radar. Our man behind the glass Dan Boyd is going to hit you with a question. Jason Moser, you’re up first. What are you looking at this week?

Moser: Taking a look at Synaptics, the ticker is SYNA. Synaptics makes its hay selling its technology to large original equipment manufacturers, companies that make mobile products, PCs, other voice and video items. This technology covers a broad spectrum: chips, firmware, software, artificial intelligence, touch sensing, image, voice. Synaptics has a role in a lot of this stuff. Last year, we talked about this. It was a business in transition. Company that is really focused now on the opportunity in the Internet of Things. Management made a conscious decision to focus more on getting that profitability back. I’ll tell you what. This week, the company announced results that show it’s working. Revenue grew 18%. Earnings were up 75% as they continue to pursue that IoT opportunity which is now the largest part of the business. Stock had a terrific week. This is one that I’ve recommended in both services that I run here, which has been a tremendous performance so far. I’m looking for that to continue.

Hill: Dan, question about Synaptics?

Dan Boyd: Absolutely, Chris. Now, Jason, there are a lot of companies in this space, can you say anything about Synaptics’ market share?

Moser: Yeah. Well, Synaptics’ market share, it’s one of the leaders in this space. It’s got customers like Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Samsung, Sony (NYSE:SONY), Lenovo, to mention a few. While this is a very crowded space with a lot of options, Synaptics certainly does a good job of maintaining their share, because once you get into these devices and establish these long-lasting relationships with your big providers, they tend to want to keep you around.

Hill: Ron gross, what are you looking at this week?

Gross: I’m looking at 10x Genomics (NASDAQ:TXG), TXG, to see if I should add it to my personal biotech basket. 10x Genomics products allow scientists to look at the expression of genes inside individual cells. Dan, you will have to take my word for it that that is new and exciting, but I do absolutely need to learn more about it. Their flagship franchise called Chromium uses a razor-and-blade model that provides recurring revenue from consumables used to run experiments. Their Visium platform allows researchers to look at expressions throughout a tissue sample. These are important things for genomics. 10x has also moved beyond research into clinical diagnostics with two acquisitions earlier this year. Management is guiding for about $500 million in revenue. They also think this is a $15 billion industry, so leaves substantial room for them to grow from the $500 million where they are today.

Hill: 10x Genomics; Dan, you got a question?

Boyd: Yeah. Ron, 10x is in the name. Are we going to see 10X on the stock price too?

Gross: Well, that remains to be seen. That’s a tall order, but this is the space to do it. If you are a biotech company or anywhere in the sector and you hit it, you’ve got the potential to grow significantly. We’ll have to wait and see. Only time will tell.

Moser: Would you consider Weber to be a 10X opportunity, Ron?

Gross: I would not.

Moser: No. OK. I just wanted to confirm.

Hill: What do you want to add to your watch list, Dan?

Boyd: As much as I want it to be Weber I think I’m going to go with Synaptics on this one, because Jason convinced me.

Moser: Oh, we love to hear that, Dan.

Hill: Jason Moser and Ron Gross, guys, thanks for being here.

Gross: Thanks, Chris.

Moser: Thank you.

Hill: That’s going to do it for this week’s show. It’s mixed by Dan Boyd, produced by Mac Greer. I’m Chris Hill, we’ll see you next week.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Best Bank Stocks For 2022

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Analysts at several of Wall Street’s top banks are worried about the U.S. stock market six major institutions sent out warnings last week that a storm is on the way.

But new research says Wall Street’s fear is actually a good thing and that, while the banks freak out, investors can relax knowing history is on their side.


Last week, investor notes from Deutsche Bank, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America expressed concerns over company valuations at unprecedented extremes, a seven month long stock rally, softening economic data, and the Federal Reserve’s plan to taper stimulus. Taken together, it all looks like a game of Jenga that’s about to be over.

But analysts at Sundial Capital Research crunched the numbers on how the market has performed when fear on Wall Street peaked alongside stock values. There’s surprisingly good news:

Best Bank Stocks For 2022: Wells Fargo & Company(WFC)

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposits, including checking, market rate, and individual retirement accounts; savings and time deposits; and debit cards. Its loan products comprise lines of credit, auto floor plans, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, health savings accounts, and credit cards. This segment also provides equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, loans secured by autos, and merchant payment processing services; purchases sales finance contracts from retail merchants; and a family of funds, and investment managemen t services. The Wholesale Banking segment offers commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury and investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and real estate and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, brokerage, and institutional retirement and trust services. As of December 31, 2010, the company served its customers through approximately 9,000 banking stores in 39 States and the District of Columbia. Wells Fargo & Company was founded in 1929 and is headquartered in San Franci sco, California.

Advisors’ Opinion:

  • [By ]

    Among the few bright spots, according to Cramer, was Wells Fargo  (WFC) – Get Wells Fargo & Company Report, which ended the day up 3.2% despite being fined an additional $250 million for its past indiscretions. Cramer said the fine, while huge, was less than many investors had feared.

  • [By ]

    Morningstar categorizes Fidelity Dividend Growth as a U.S. large value fund, and its top positions do include the likes of JPMorgan Chase (JPM), Wells Fargo (WFC) and Bank of America (BAC) from the value-oriented financial sector. Also included among its 10 largest holdings are some familiar growth names, such as Microsoft, Apple and Walt Disney (DIS). The fund's emphasis on dividends and value provides a degree of diversification, as value funds and growth funds each tend to go through periods of outperformance relative to each other.

  • [By Bram Berkowitz (tmfbram)]

    Wells Fargo (NYSE:WFC) cruised through much of the first eight months of 2021. The bank showed progress on regulatory issues related to its phony-accounts scandal, and it also put a solid plan in place to improve profitability. A good set of results in the second quarter sent the stock up to $51 per share in August, a nearly 70% gain this year.

Best Bank Stocks For 2022: First Commonwealth Financial Corporation(FCF)

First Commonwealth Financial Corporation operates as the holding company for First Commonwealth Bank that provides consumer and commercial banking services to individuals and small and mid-sized businesses in central and western Pennsylvania. The company offers personal checking accounts, interest-earning checking accounts, savings accounts, health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, and IRA accounts. It also provides secured and unsecured installment loans, construction and mortgage loans, safe deposit facilities, credit lines with overdraft checking protection, and student loans, as well as Internet and telephone banking, and automated teller machine services. In addition, the company offers commercial banking services, including commercial lending, small and high-volume business checking accounts, on-line account management services, ACH origination, payroll direct deposi t, commercial cash management services, and repurchase agreements. Further, it provides various trust and asset management services, as well as a complement of auto, home, business, and term life insurance. Additionally, the company offers annuities, mutual funds, stock, and bond brokerage services through an arrangement with a broker-dealer and insurance brokers. It operates 115 community banking offices in western Pennsylvania and 2 loan production offices in downtown Pittsburgh and State College, Pennsylvania. The company was founded in 1982 and is headquartered in Indiana, Pennsylvania.

Advisors’ Opinion:

  • [By Ethan Ryder]

    First Commonwealth Financial (NYSE:FCF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Commonwealth Financial (FCF)

    For more information about research offerings from Zacks Investment Research, visit

Best Bank Stocks For 2022: HSBC Holdings PLC (HSBA)

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). The Company operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. The Company’s RBWM business offers a range of personal banking and wealth management services to its customers. The Company’s CMB business offers a range of products and services to its commercial customers, including small and medium-sized enterprises, and mid-market enterprises. The Company’s GB&M business provides financial solutions to government, corporate and institutional clients and private investors across the world. The Company’s GPB’s products and services include Investment Management and Private Wealth Solutions. Advisors’ Opinion:

  • [By Max Byerly]

    HSBC (LON:HSBA) was upgraded by equities research analysts at Credit Suisse Group to a “neutral” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 720 ($9.38) target price on the financial services provider’s stock, up from their previous target price of GBX 680 ($8.86). Credit Suisse Group’s price target suggests a potential upside of 5.82% from the company’s previous close.

  • [By Max Byerly]

    HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 768.33 ($9.80).

  • [By Stephan Byrd]

    Morgan Stanley set a GBX 855 ($10.91) price target on HSBC (LON:HSBA) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the financial services provider’s stock.

Best Bank Stocks For 2022: Ampco-Pittsburgh Corporation(AP)

Ampco-Pittsburgh Corporation and its subsidiaries manufacture and sell custom-engineered equipment in the United States and internationally. It operates in two segments, Forged and Cast Rolls, and Air and Liquid Processing. The Forged and Cast Rolls segment produces forged hardened steel rolls used in cold rolling for the producers of steel, aluminum, and other metals; and cast iron and steel rolls for hot and cold strip mills, medium/heavy section mills, and plate mills. The Air and Liquid Processing segment manufactures finned tube and plate finned heat exchange coils for the commercial and industrial construction, as well as for process and utility industries; custom air handling systems used in commercial, institutional, and industrial buildings; and a line of centrifugal pumps for the refrigeration, power generation, and marine defense industries. The company was founded in 1929 and is based in Pittsburgh, Pennsylvania.

Advisors’ Opinion:

  • [By ]

    Stephen Moore and Herman Cain in Washington on Aug. 31, 2016, and June 20, 2014, respectively. (Photo: AP)

    Why are critics of Moore and Cain saying they are ill-suited for nonpartisan roles?

  • [By ]

    The front page of the Jan. 28, 2019, edition of the National Enquirer featuring a story about Amazon founder and CEO Jeff Bezos' divorce. (Photo: AP)

  • [By ]

    Kraft Heinz disclosed it has received a subpoena from the SEC as part of an investigation into the company's procurement accounting policies. (Photo11: AP)

  • [By ]

    This Jan. 19, 1931 file photo shows Chicago mobster Al Capone at a football game. (Photo: AP)

    Follow Josh Hafner on Twitter: @joshhafner

Best Bank Stocks For 2022: Canadian Imperial Bank of Commerce(CM)

Canadian Imperial Bank of Commerce provides various financial products, services, and advice to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company offers retail markets services comprising personal banking, business banking, and wealth management services, as well as investment management services to retail and institutional clients. It also provides wholesale banking services, including credit, capital markets, investment banking, merchant banking, and research products and services to government, institutional, corporate, and retail clients. The company provides its services through its branch network, automated bank machines, mobile banking, and online banking site. As of June 3, 2011, it operated approximately 1,100 branches and 4,000 automated bank machines in Canada. The company was founded in 1867 and is headquartered in Toronto, Canada.

Advisors’ Opinion:

  • [By Ethan Ryder]

    Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) saw unusually large options trading activity on Monday. Traders acquired 2,517 call options on the stock. This is an increase of approximately 3,772% compared to the typical volume of 65 call options.

  • [By Motley Fool Transcribing]

    Canadian Imperial Bank of Commerce (NYSE:CM) Q1 2019 Earnings Conference CallFeb. 28, 2019 8:00 a.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

    For more information about research offerings from Zacks Investment Research, visit

Why Apple Stock Dropped Today

What happened

Shares of Apple’s (NASDAQ:AAPL) fell 3.3% on Friday after a federal judge made a decision that could have wide-ranging implications for the tech industry.

So what

U.S. District Judge Yvonne Gonzalez Rogers issued an injunction that will prohibit Apple from denying developers the ability to direct users to other payment methods outside its App Store.

“The Court concludes that Apple’s anti-steering provisions hide critical information from consumers and illegally stifle consumer choice,” Rogers said. “When coupled with Apple’s incipient antitrust violations, these anti-steering provisions are anticompetitive and a nationwide remedy to eliminate those provisions is warranted.”

A judge is using a gavel in court.

Image source: Getty Images.

The ruling could dent Apple’s fees, which can reach as high as 30% of in-app purchases. These fees are a major part of Apple’s booming services business, which generated $17.5 billion in revenue in the third quarter alone. Apple’s services segment also enjoys a high gross margin of roughly 70% and, therefore, produces a relatively outsize portion of the company’s profits.

Now what

The decision was handed down as part of Epic Games’ lawsuit against Apple. The maker of the popular video game Fortnite claimed that the tech titan was a monopoly and sought to loosen Apple’s App Store restrictions.

Although Rogers found that Apple was not an antitrust monopolist, her decision to give developers the freedom to steer users away from Apple’s App Store could also impact other major platforms, such as those operated by Alphabet’s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google and Facebook. Investors will thus need to factor this increased regulatory risk into their outlooks for these tech giants.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Hot Bank Stocks For 2022

Welltower (NYSE:WELL) had its price target raised by Morgan Stanley from $86.00 to $100.00 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other brokerages have also recently commented on WELL. Wolfe Research began coverage on shares of Welltower in a report on Monday, June 14th. They set an outperform rating and a $94.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Welltower from $82.00 to $95.00 and gave the stock an outperform rating in a report on Tuesday, July 13th. Evercore ISI upgraded shares of Welltower from an in-line rating to an outperform rating and increased their price target for the stock from $77.00 to $86.00 in a research report on Monday, June 14th. KeyCorp increased their price target on shares of Welltower from $88.00 to $96.00 and gave the stock an overweight rating in a research report on Wednesday, August 11th. Finally, BMO Capital Markets upgraded shares of Welltower from a market perform rating to an outperform rating and set a $100.00 price target on the stock in a research report on Thursday, August 26th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from, the stock presently has a consensus rating of Buy and a consensus price target of $82.45.

Hot Bank Stocks For 2022: A V Homes, Inc.(AVHI)

AV Homes, Inc. engages in the homebuilding, community development, and land sale businesses in Florida, Arizona, and North Carolina markets. The company operates through three segments: Active Adult Communities, Primary Residential Communities, and Land Sales. It is involved in the acquisition, development, and building of active adult and primary residential home communities, and the construction and sale of residences within the communities. The company also engages in other real estate activities, such as the operation of amenities; and the sale of commercial, industrial, or other land. As of December 31, 2014, it owned 3,505 developed residential lots; 2,853 partially developed residential lots; 9,572 undeveloped residential lots; and 7,220 acres of mixed use, commercial, and industrial land. The company was formerly known as Avatar Holdings Inc. and changed its name to AV Homes, Inc. in February 2012. AV Homes, Inc. was founded in 1970 and is headquartered in Scottsdale, Arizona.

Advisors’ Opinion:

  • [By Joseph Griffin]

    Headlines about AV Homes (NASDAQ:AVHI) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AV Homes earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.8950832122121 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

  • [By Lisa Levin]

    Check out these big penny stock gainers and losers

    World Fuel Services Corporation (NYSE: INT) tumbled 18 percent to $22.90 following Q1 results.
    Biglari Holdings Inc. (NYSE: BH) fell 17.4 percent to $349.52. Washington Prime Group will replace Biglari Holdings in the S&P SmallCap 600 on Tuesday, May 1.
    Flex Ltd. (NASDAQ: FLEX) dipped 15.7 percent to $14.03 after a mixed fourth quarter report.
    FormFactor, Inc. (NASDAQ: FORM) fell 15.3 percent to $11.65. FormFactor is expected to release Q1 results on May 2.
    Data I/O Corporation (NASDAQ: DAIO) dropped 14.3 percent to $6.24 following Q1 results.
    National Instruments Corporation (NASDAQ: NATI) fell 14.3 percent to $ 42.34 after reporting Q1 results.
    United States Steel Corporation (NYSE: X) dipped 14.2 percent to $32.37 following Q1 results.
    Civeo Corporation (NYSE: CVEO) dropped 13.5 percent to $3.33. Civeo posted a Q1 loss of $0.42 per share on sales of $101.504 million.
    athenahealth, Inc. (NASDAQ: ATHN) fell 12.4 percent to $125.310 after reporting Q1 results.
    Charter Communications, Inc. (NASDAQ: CHTR) shares tumbled 12.1 percent to $262.06 as the company posted Q1 results.
    Value Line, Inc. (NASDAQ: VALU) fell 11.3 percent to $19.10.
    Federated Investors, Inc. (NYSE: FII) shares dropped 11.2 percent to $27.605 after the company posted downbeat quarterly earnings.
    AV Homes, Inc. (NASDAQ: AVHI) declined 10.7 percent to $17.20 following Q1 results.
    CalAmp Corp. (NASDAQ: CAMP) dropped 9.4 percent to $21.01 after reporting Q4 results.
    Tandem Diabetes Care, Inc. (NASDAQ: TNDM) shares fell 8.9 percent to $7.280 following mixed Q1 results.
    Sony Corporation (NYSE: SNE) shares fell 8.4 percent to $45.97 after reporting Q4 results.
    LogMeIn Inc (NASDAQ: LOGM) fell 8.2 percent to $109.825. LogMeIn reported upbeat earnings for its first quarter, but issued weak second quarter and FY18 earning guidance.
    Eleven Biotherapeutics, Inc. (NASDAQ: EBIO

Hot Bank Stocks For 2022: Transcat, Inc.(TRNS)

Transcat, Inc., incorporated on March 19, 1964, is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). The Company is focused on providing its services and products to the life science industries, which include pharmaceutical, biotechnology, medical device manufacturing and other Food and Drug Administration (FDA)-regulated businesses. The Company also focuses on other industries, which include industrial manufacturing; energy and utility, including oil and gas; chemical manufacturing, and Federal Aviation Administration (FAA)-regulated business, including aerospace and defense and other industries. The Company’s subsidiaries include Transcat Canada Inc., United Scale & Engineering Corporation, WTT Real Estate Acquisition, LLC and Anacor Acquisition, LLC.


Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak). As of March 26, 2016, the Company operated 20 calibration service centers (Calibration Service Centers) located across the United States, Puerto Rico, and Canada. Through its Service segment, the Company performs recurring periodic calibrations (typically ranging from 3 months to 24 months intervals) on new and used instruments, as well as repair services for its customers. The Company performs over 425,000 calibrations annually and can address approximately 90% of the items requested to be calibrated with its in-house capabilities.

The Company’s laboratory instrument services include analytical qualification, validation, remediation and preventative maintenance services. Its analytical qualification and validation services provide a specialized service offer! ing focused on life science-related industries. Analytical qualifications and validation services include validations to specifically documented protocols that are used in life science industries, including installation qualification (IQ), operational qualification (OQ) and performance qualification (PQ). It offers a suite of both traditional calibration and laboratory instrument and other analytical services. Analytical qualifications and preventative maintenance services are based on service agreements for periodic service. Some validation services are based on certain customer processes. Remediation services are based on specific regulatory actions and are project-based and required by a customer for a finite period of time. It provides other services to its customers, such as three dimensional parts inspections, which are performed for customers engaged in medical device manufacturing and testing, and repair and consulting services, which appeal to a range of customers. It provides total program management, including logistical, remediation and consultation services.

CalTrak is its documentation and asset management software, which is used to manage both the workflow of its Calibration Service Centers and its customers’ assets. With CalTrak, the Company provides calibration services to its customers. Additionally, CalTrak Online provides its customers with Web-based asset management capability and an off-site archive of calibration and other service records that can be accessed around the clock through its secure password-protected Website. Through CalTrak and CalTrak Online, each customer calibration is tracked and automatically cross-referenced to the assets used to perform the calibration, providing traceability.


Through its Distribution segment, the Company markets, sells and rents national brand instruments to customers globally. Its e-commerce focused Website and product catalog (the Master Catalog) offer access to over 100,000 test, measurem! ent and c! ontrol instruments, including products from approximately 540 manufacturers. Other value-added options the Company offers through its Distribution segment include equipment rentals for varied lengths of time and used equipment procurement, refurbishing and resale to meet various customer needs. The Company offers value-added services, such as calibration/certification of equipment purchases, equipment rentals, used equipment for sale and equipment kitting. Its online presence includes its Website and e-newsletters, Master Catalog, supplemental mailings, and other sales and marketing activities. It also offers online procurement, same day shipment of in-stock items, kitted products, the option to rent, training programs and a range of custom product offerings. The Company distributes its products throughout North America and internationally.

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Transcat (TRNS)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Transcat (TRNS)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Transcat (TRNS)

    For more information about research offerings from Zacks Investment Research, visit

Hot Bank Stocks For 2022: Hemisphere Media Group, Inc.(HMTV)

Hemisphere Media Group, Inc. owns and operates cable and television broadcasting networks in the United States. It operates Cinelatino, a Spanish-language cable movie network with approximately 15 million subscribers in the United States, Latin America, and Canada; and broadcast television network, as well as produces television content under the WAPA name. The company also distributes WAPA2 Deportes, a sports television network in Puerto Rico; and operates WAPA.TV, a broadband news and entertainment Website. In addition, the company operates WAPA America, a cable television network that serves 5 million subscribers in the United States; and Pasiones, a cable television network that offers telenovelas and serialized dramas to 4.2 million subscribers in the United States, and 8.9 million subscribers in Latin America. Further, it operates Centroamerica TV, a cable television network that offers news and entertainment, and soccer programming to 3.7 million subscribers in Central America; and Television Dominicana, a cable television network that provides news and entertainment, and professional winter baseball leagues to approximately 2.6 million subscribers in the Dominican Republic. The company was founded in 2013 and is headquartered in Coral Gables, Florida.

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Hemisphere Media Group Inc (NASDAQ:HMTV)Q42018 Earnings Conference CallMarch 05, 2019, 8:30 a.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


  • [By Ethan Ryder]

    COPYRIGHT VIOLATION NOTICE: “Hemisphere Media Group (HMTV) Scheduled to Post Quarterly Earnings on Tuesday” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at