Articles for author: Ron Finklestien

January 9, 2024

Ron Finklestien

DMG Blockchain Solutions Reports 11% Sequential Increase in Bitcoin Mining for December

Photo by da-kuk In a notable development for the blockchain and cryptocurrency technology company DMG Blockchain Solutions (TSXV:DMGI:CA) (OTCQB:DMGGF), the company announced on Tuesday that it successfully mined 72.1 bitcoins (BTC-USD) in December, marking an 11% sequential increase from the 64.7 bitcoins mined in November. The company reported that its bitcoin balance stood at 455 as of December 31. DMG Blockchain Solutions exited December with 1.1 EH/s of realized hashrate and achieved an average of 0.96 EH/s for the December quarter. Additionally, the company disclosed that it is actively working to enhance the operational efficiency of its fleet, aiming to

January 9, 2024

Ron Finklestien

Exciting Quarterly Earnings Reports from TD SYNNEX, Albertsons, and Others Exciting Quarterly Earnings Reports from TD SYNNEX, Albertsons, and Others

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Sneak Peek Into Stock Performances Wall Street expects TD SYNNEX Corporation SNX to report quarterly earnings at $2.68 per share on revenue of $14.48 billion before the opening bell. TD SYNNEX shares gained 0.3% to close at $104.94 on Monday. MDxHealth SA MDXH reported preliminary revenue of $19.4 million for the fourth quarter. The company said it sees FY24 revenue of $79 million to $81 million, versus estimates of $78.57 million. MDxHealth shares jumped 12.2% to $4.80

January 9, 2024

Ron Finklestien

RTX: The Better Bet Over Textron Stock After A 17% Fall In 2023 Will RTX Outperform Textron Stock?

Amidst a tumultuous economic landscape, investors are grappling with the question of which stock to place their bets on – RTX or Textron? It’s been quite a roller-coaster ride for both stocks in recent years, and as we embark on a new phase in the market, it’s crucial to weigh the contenders meticulously. In this analysis, we delve into the high stakes game of determining which stock will emerge victorious in the next three years – RTX or Textron. A Bumpy Ride to 2023 In the ever-unpredictable world of stock markets, both RTX and Textron have experienced their fair share

January 8, 2024

Ron Finklestien

United Airlines finds loose bolts in Boeing 737 Max 9 planes

United Airlines Uncovers Loose Bolts in Boeing 737 Max 9 Planes United Airlines Discovers Installation Issues United Airlines (NASDAQ:UAL) has encountered a worrisome discovery during inspections of Boeing (NYSE:BA) 737 Max 9 planes. This revelation came to light after the Federal Aviation Administration ordered inspections following a disconcerting incident on an Alaska Airlines (NYSE:ALK) flight. Raising Questions about Quality Controls This finding by United Airlines has raised significant questions about the quality controls in place for the 737 Max 9, a critical variant of the Boeing-made jetliner. Troubling Discoveries As a result of preliminary inspections, United Airlines uncovered issues related

January 8, 2024

Ron Finklestien

Sandstorm Gold Achieves Record-Breaking Full-Year Production and Revenues

In a triumphant announcement, Sandstorm Gold (NYSE:SAND) revealed on Monday that it had achieved an unprecedented milestone in its history, reporting the sale of 97,200 attributable gold equivalent ounces and a remarkable $179.6 million in preliminary revenues for the full year. These figures stand as company records, representing a significant feat for the firm. Moreover, Sandstorm Gold reported that preliminary total sales, royalties, and income from other interests soared to a record $191.5 million for the full year. Photo by Moussa81/iStock via Getty Images For the fourth quarter alone, Sandstorm Gold (SAND) achieved the sale of 23,300 attributable gold equivalent

January 8, 2024

Ron Finklestien

Analysing Consumer Loan Giants: Capital One vs. Discover Capital One Vs. Discover: Is it Time to Buy Stock in These Consumer Loan Giants?

Inflationary pressures have stressed the market, making many consumer loan stocks more enticing. The Zacks Financial-Consumer Loans Industry has yielded a whopping total return of +32% over the last year, dividends included. Two noteworthy contenders in this space are Capital One Financial COF and Discover Financial Services DFS, which leads to the pertinent question of whether now is the opportune time for investors to consider purchasing stock in these consumer loan giants for potential growth. Image Source: Zacks Investment Research Overview & Compelling Valuations Capital One and Discover shares had been substantially undervalued for the better part of 2023 subsequent to the

January 8, 2024

Ron Finklestien

Exploring Two Prime REITs for the Coming Year

As an investment analyst, I’m always on the lookout for exciting new opportunities in the ever-expanding world of REITs. But sometimes, sticking with tried-and-true picks is the wisest move, especially when the existing investments continue to shine. Today is one of those times. We have diligently selected the REITs in our portfolio, and to warrant a new investment, it must surpass the attractiveness of our current holdings or bring a compelling new aspect to diversify and optimize our portfolio’s risk-to-reward profile. Hence, let’s delve into two of our favorite REITs for accumulation today: NNN REIT (NNN) Our analyst, R. Paul

January 8, 2024

Ron Finklestien

Activist Investor Elliott’s $1B Stake in Match Group Sparks Market Speculation – WSJ Activist Investor Elliott’s $1B Stake in Match Group Sparks Market Speculation – WSJ

Luis Alvarez Amidst the tumultuous seas of the stock market, the activist investor Elliott Management has quietly amassed a colossal $1 billion stake in the online dating service Match Group (NASDAQ:MTCH). Their intention? To persuade Match (MTCH), the parent company of Tinder, Hinge, and other dating platforms, into embracing change. A report from the WSJ on Monday, citing informed sources, disclosed Elliott’s ambitions to restructure the company. Details of Elliott’s specific demands are shrouded in mystery. Whether the hedge fund will seek to exert influence by appointing directors to the board remains undisclosed, as reported by the WSJ. In the

January 8, 2024

Ron Finklestien

Market Volatility Strikes: Analyzing the S&P 500 Performance

The S&P 500 (SPY) experienced a remarkable 16.8% rally within 42 sessions, reaching its peak on 27th December. However, this exuberance was accompanied by excessively optimistic expectations, with markets assigning a 73.8% chance of a 25bps cut in the March FOMC meeting and a dubious 16% chance of a 50bps cut according to the CME Fedwatch tool. The recent significant decline marks the largest drop since the beginning of the rally, causing a retreat from dovish bets. The likelihood of any rate cut has receded to approximately 65%, and the strong Non-Farm Payrolls (NFP) report on Friday could potentially lower

January 8, 2024

Ron Finklestien

Juniper Networks Acquisition Buzz Sends Stocks Soaring Juniper Networks Acquisition Buzz Sends Stocks Soaring

Wolterk/iStock Editorial via Getty Images Juniper Networks stock (NYSE:JNPR) soared by a staggering 25% after hours on Monday following a report by The Wall Street Journal that Hewlett Packard Enterprise (HPE) was in advanced negotiations to acquire the networking giant for approximately $13 billion. HPE experienced a sharp 7.5% decline in postmarket trading. The acquisition agreement, set to be finalized imminently according to the report, signals a potential game-changer in the industry. HPE is currently valued at roughly $23 billion, while Juniper stands at just under $10 billion after a 5% decrease over the past year. The acquisition holds particular