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The race to TikTokify #Finance
Financial apps must shake things up if they want to compete with social feeds for user attention.
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Earnings call are often dry events full of prepared remarks by management. Not so when that management team includes Lourenco Goncalves, the CEO of US based steel company Cleveland Cliffs. Below is a thread of some of Goncalves's most famous moments on earnings calls🧵:
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(5/5) Goncalves stopped providing as many quality soundbites in recent years. But in 2021 he announced a very exciting appointment as CFO, with a very direct link to him.
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Muddy Water, takes aim at the kings. The activist fund, has taken a short position on Blackstone Mortgage Trust (BXMT) over concerns that the underlying loan book has deteriorated owing to higher rates as well as impaired underlying property values.
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With banks still recovering from the hangover of the bonanza of deal making in 2020 and 2021, headcount is being trimmed. See how the bulge brackets compare:
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After a blockbuster $10bn acquisition ending 50 years of family ownership, Subway is back in the press. The FTC are investigating the deal with Roark Capital on antitrust grounds over concerns that Inspire Brands (subsidiary of Roark) already owns various fast food restaurants.
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The delta between the company operated restaurant verses franchise business model is stark. $CMG's impressive growth, despite a materially lower number of stores verses peers, rewards investors with relatively high EPS.
*Data from latest SEC filings, not investment advice*
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With the roll-out of fiber on-going across much of the developed world, check out how the biggest European operators stack up against each other. With Vodafone looking to monetize its significant base and Deutsche Telekom benefiting from its sizable ownership of T-Mobile.
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With Tesla, BYD, NIO, XPENG and Polestar all having announced global EV deliveries for Q3 it is clear that it is a two horse race with Tesla and BYD competing for the number one position among EV players.
(BYD outpaced Tesla when considering hybrid sales)
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Ferrari $RACE hits a major milestone with 51.3% of cars sold in Q3 being hybrid engines. With Ferrari yet to launch an EV model until 2025, this begins Ferrari's path to having 40% of its line-up be battery-only cars by 2030.
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Softbank, one of Japan's largest telecom companies launches innovative bond-type shares to fund its "social infrastructure" including its large language model (LLM). The shares are set to offer a set dividend of 2.5% with the option for Softbank to redeem them after 5 years.
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Palantir $PLTR beat analyst estimates on both top and bottom line generating:
- Revenue: Est. $556mn Act. $558mn
- Earnings per share: Est. $0.06 Act. $0.07
Guidance has been revised upwards from Q2 with full year revenue guided to $2.216bn - $2.22bn verses $2.212bn previously. Much of this major beat has been attributed to the strong growth in Palantir's commercial division (33% up YoY). Similar to other tech companies Palantir saw strong revenue growth in its AI customer base, up 34% YoY.
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