Justin Sullivan Intel’s (NASDAQ: INTC ) sentiment has been everything but good. The stock is down more than 60% from all-time highs and has almost reached a decade low. The semiconductor industry’s profitability sank in the latest quarters, as demand for electronic goods saw a slump. Only few, like Super Micro Computer ( SMCI ), that are specialists in high demand sectors are able to hold their pricing power. Data by YCharts Crashing earnings definitely look scary and most investors have already ran for the hills. Therefore, great opportunities rise for value investments in the semiconductor industry. Intel is currently one of the most "hated" companies, which makes it much more interesting to go bottom fishing. The average investor is a short term thinker and it is easy to take advantage of that. Although the semiconductor market is hurting right now, it is still expected to grow enormously over the next decade. McKinsey & Company In addition, downward cycles are nothing new in the industry and are often followed by massive spending. Historically, a return to higher sales is quite rapidly. Big investments in manufacturing are being made to ensure there is enough supply for the next upward cycle, […]

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Video game engine developer Unity Software Inc. (NYSE: U) stock collapsed on its Q4 2022 earnings release. The company made its first non-GAAP profit since going public and beat revenue estimates. However, it made the fatal mistake of guiding down its next quarter’s revenues. The Unity game engine enables more efficient and accessible video game development. Unity owns half the market share for video game engines developers use and an estimated 60% of mobile games. Take-Two Interactive Software Inc. (NASDAQ: TTWO) owned Zynga has used Unity’s game engine for its popular Word with Friends and Farmville franchise mobile games. Major gaming consoles by Sony Co. (NYSE: SNE) PlayStation 5 and Microsoft Co. (NASDAQ: MSFT) Xbox ) have many games developed on the Unity game engine. Runup Into Earnings Just days before its earnings release, Unity shares had run up to as high as $43 on the heels of a strong earnings release from Roblox Co. (NASDAQ: RBLX) on Feb. 15, 2022. Roblox showed improvement in daily active users (DAUs) and the return of rising bookings . Roblox shares spiked over 25% on its earning release. Unity shares went along as these stocks tend to move together in sympathy. However, […]

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Folks begin to make their way to downtown Clinton businesses on Monday morning, March 6. Last week, officials announced that the village of Clinton and the town of Kirkland were jointly awarded a $10 million grant from New York’s Downtown Revitalization Initiative aimed at revitalizing the popular community hub. Alexis Manore Staff writer email / twitter CLINTON — After years of hard work, rejection and perseverance, members of the Kirkland and Clinton communities are ecstatic to have won $10 million as the Mohawk Valley winner of the sixth round of the Downtown Revitalization Initiative (DRI). And, now, officials say, attention turns to turning the award into a transformation everyone can be proud of. New York Gov. Kathy Hochul announced the winners last Thursday with Clinton/Kirkland joining such previous DRI winners as Utica, Rome, Amsterdam, Oneida, Oneonta and Little Falls. Clinton and Kirkland applied for this funding twice — in 2019 and 2021 — before its third application was accepted. The application efforts were entirely volunteer-driven, and in December 2021, community members officially formed the Clinton Kirkland Improvement Corporation (CKIC), a nonprofit that aims to develop and implement projects that boost economic and community advancement for Kirkland and Clinton residents. […]

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William_Potter Introduction The banking and financial services sector has been undervalued for an extended period of time due to recency bias associated with the 2007/2008 financial crisis. Emerging market risk only reinforces these valuations, which results in many banks trading at mid to high single-digit earnings that do not reflect the lower discount rate deserved by stringent capital and liquidity regulatory requirements implemented subsequent to the crisis. Ironically, a recession may be the catalyst needed for high-quality banks to receive the multiple they deserve. Ally Financial is an easy-to-understand business that lends and insures the new and used auto industry, which it funds with low-cost sticky deposits. Investment Thesis Ally Financial (NYSE: ALLY ) is a leading digital financial services company with over 100 years of experience. It serves a broad range of customers, including consumers, dealers, and corporate clients, offering various financial products and services such as auto financing, commercial finance, insurance, and online banking. Ally Financial is an undervalued investment opportunity trading at 1x tangible book value. Management has guided to 16-18% normalized ROTCE, implying a mid-single-digit earnings multiple. Ally Financial has over-earned in recent quarters (mid-20% ROTCE), but management has incorporated a 30% point-to-point reduction in […]

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© Reuters. Adobe (ADBE) stock pullback is a buying opportunity – TD Cowen TD Cowen analysts reiterated an Outperform rating on Adobe (NASDAQ: ADBE ) as they believe the company could deliver better-than-expected earnings next week. Their checks came back positive and suggest a stronger quarterly performance and CY23 outlook relative to prior quarters. The analysts see net new ARR at $379 million, ahead of the guidance of $375M. “We expect some upside & continue to view FY23 guide as being conservative w/ room to walk it up. Regarding our sales headcount analysis, data showed modest net loss Q/ Q, with ADBE exiting 1Q with 18% Y/Y growth in employees vs. 26% exiting last qtr, noting that ADBE is one of the few co’s in large cap s/w not having had to do layoffs & still supporting solid capacity growth,” they said in a client note. They also highlighted strong investor interest in the Figma acquisition after Adobe stock fell on the report that DoJ is planning to challenge the deal. “While uncertainty around the transaction is an overhang, we see the pullback as a buying opportunity especially as we expect a solid qtr against a conservative guide,” they […]

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Pictured: A diverse collection of faces/courtesy of Getty Images Women are often at the forefront of innovation, making up nearly half of the life sciences industry despite a shrinking but persistent wage gap. Inceptor Bio is working to close these gaps and power outcomes through a culture of diversity, equity and inclusion (DEI). Power of Community Peggy Owens is a senior director at Inceptor Bio. She serves as head of quality at a manufacturing site in Gainesville, Florida, and has more than 20 years of leadership experience. Owens told BioSpace that when climbing the ladder throughout her career, she never experienced the support she now has at Inceptor Bio. Peggy Owens “All employees are treated with trust and respect,” Owens said. “Everyone, regardless of their role or position, is encouraged to speak up and share their experiences, suggestions and questions and are not judged for any of these.” Owens said this is illustrated by the community engagement and DEI initiatives the company has implemented. One of those includes Inceptor Bio Cares, a quarterly employee-driven initiative to support a local charity, which has included domestic violence organizations, community food banks and U.S. veterans shelters. She also highlighted an ongoing DEI […]

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Public market pressures, a need for liquidity and limited partners looking to balance their portfolios are factors driving a surge in secondary transactions. How long will the trend continue? “It’s definitely a very frothy market and the expectation is that there’s going to be a lot of secondary transactions taking place,” says Matt Wiener , a managing director at Aon . “In particular, if we continue to see some of the M&A headwinds that we were facing last year, like rising interest rates, this will continue to create disparity around valuations. Valuations aren’t where they were in 2021 and so parties just aren’t transacting at the same pace historically. The lack of opportunity is creating the need for sponsors to find unique ways to create liquidity for their investors.” More investors are looking to have a portion of their portfolio dedicated to secondary funds, Wiener says. Rather than investing in a new blank check, he says, referencing the SPAC craze seen early last year — secondaries allow investors to secure a mature asset where they can understand the business and get a better sense of how it has performed historically and how it may perform in the future. Secondary […]

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Stuttgart-What if we lived in a world where it was even more normal than it is today for women to pursue supposedly ‘male careers’? * Communications focus on advancement and equality of women * Main campaign film will highlight equal opportunities for women and men and overcoming traditional gender roles * Campaign shows women pursuing their own way with inner determination and courage A world where gender is no longer an issue, because being a woman in certain areas is no longer the exception. That is the theme of the Mercedes-Benz campaign film for International Women’s Day 2023. Because despite widespread progress in recent decades on the subject of equal opportunity, the path must be consistently pursued. To raise awareness, the film focuses on three female protagonists who have close ties to the company. The brand with the iconic star logo is actively supporting them in achieving their goals and dreams. ‘With the digital marketing campaign for International Women’s Day, we are stepping up our communications on the principles of our company and around such initiatives as She’s Mercedes. We are again using our social media reach to actively promote a world where diversity and equal opportunity matter. Because […]

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APE market trend remains bearish, with strong resistance at $4.74 Traders may consider shorting or exiting long positions due to negative momentum. Oversold conditions may present buying opportunities, but caution is advised. The ApeCoin (APE) market has been bearish in the previous 24 hours, with bullish efforts to correct the market thwarted after encountering solid resistance at the intra-day high of $4.74. This barrier forced the bulls to retrace, allowing negative momentum to take over, lowering the price to a low of $4.58, where support was established. The negative trend remained intact as of press time, causing the price to fall by 1.41% to $4.65. If the $4.58 remains as support, the current downward trend might be reversed, resulting in an upward price movement. But, if the support level is breached, the price may continue to fall. APE/USD 24-hour price chart (source: CoinMarketCap) The Coppock Curve on the 4-hour price chart is trending south with a value of -6.46922502, indicating the negative momentum in the APE market is gathering pace. Traders may consider shorting or exiting long positions until the Coppock Curve starts to move higher and shows indications of bullish momentum. With a stochastic RSI value of 34.87 […]

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