Trump Introduces 'World Liberty Financial,' Aims To Encourage Stablecoin Adoption With Sons Leading The Charge: 'Crypto Is One Of Those Things We Have To Do'
Ahead of the 2024 presidential election, former President Donald Trump has announced a new cryptocurrency venture, World Liberty Financial, aiming to revolutionize the digital currency landscape. The announcement was made on the X Spaces (formerly known as Twitter Spaces) livestream on Monday.
What Happened: Trump introduced the venture alongside his sons Barron Trump, Eric Trump, and Donald Trump Jr. The launch occurred just a day after the former president emerged unharmed from a second assassination attempt, adding another layer of shock to the already turbulent presidential race.
World Liberty Financial aims to promote the mass adoption of stablecoins, a type of cryptocurrency designed to maintain a constant value. The platform will feature a new cryptocurrency called $WLFI, which will be sold to the public.
“Crypto is one of those things we have to do,” said Trump. “Whether we like it or not, I have to do it.”
Trump and his sons began promoting the venture on social media in August.
For years, Trump was a vocal critic of cryptocurrency, dismissing Bitcoin BTC/USD as a “scam.” However, on the campaign trail, he has shifted his stance, becoming an outspoken advocate. He has spoken at a prominent industry conference and garnered donations from crypto executives.
Why It Matters: The launch of World Liberty Financial comes on the heels of several significant developments in the Trump family’s foray into cryptocurrency.
In August, Trump announced a new crypto platform called “The DeFiant Ones“, aimed at challenging traditional banking systems. This marked a notable shift in his stance on digital currencies.
However, the venture has not been without controversy. Earlier in September, the Trump brothers’ cryptocurrency startup faced backlash from Trump’s crypto allies, who labeled it a “huge mistake.” The project has reportedly encountered several setbacks, including hacking incidents and concerns over its ties to a blockchain company that lost $2 million due to security breaches.
Additionally, the project aims to raise $540 million through a token sale. The sale will involve 30% of its $WLFI tokens, potentially generating significant funds. However, the allocation of 70% of tokens to insiders has sparked debate.
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Lubricant Market Size to Hit USD 206.9 billion by 2034, at a 2.6% CAGR | Says Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Sept. 16, 2024 (GLOBE NEWSWIRE) — A valuation of US$ 151.1 billion was estimated for the lubricants market (윤활유 시장) in 2023. By 2034, it is projected to have grown at a compound annual growth rate (CAGR) of 2.6% and reach US$ 206.9 billion. Increasing sustainability laws and environmental awareness have led to a growing demand for bio-based lubricants from renewable resources, including animal fats, vegetable oils, and synthetic esters. The oil-based lubricants are better, less toxic, and biodegradable than the traditional ones.
Industrial operations, such as those in the manufacturing, construction, automotive, and transportation industries, are strongly associated with the need for lubricants. Economic growth and industrial expansion enhance demand for lubricants to maintain machinery and equipment, propelling market growth.
The popularity of synthetic lubricants is predicted to increase due to their superior properties, such as low oxidation resistance and high viscosity index. As a result, they increase performance under harsh operating conditions, prolong equipment life, and improve fuel efficiency. Smart lubrication systems that use data analytics to provide predictive maintenance warnings can maximize lubricant consumption, minimize downtime, and avert equipment problems.
For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/lubricants-market.html
Key Findings of the Market Report
- Based on product, bio-based lubricants will likely drive demand
- As automobile sales rise, the lubricant market is expected to grow rapidly.
- In 2023, the Asia Pacific region held the largest share of the market.
- As the lubricant industry grows, China is expected to gain its market share significantly.
Global Lubricant Market: Growth Drivers
- The automotive industry relies heavily on lubricants, particularly engine and transmission fluids. In light of the increasing popularity of electric vehicles (EVs) and the increasing use of hybrid vehicles, lubricant compositions are changing. Fuel economy and pollution laws also affect the creation of high-performance lubricants.
- Environmental concerns and regulatory measures to reduce emissions and promote sustainability influence the lubricant market. This includes the shift towards bio-based and environmentally friendly lubricants and the development of lubricants with lower emissions and improved energy efficiency.
- Innovation and expansion in the market are propelled by developments in lubricant technology, such as creating synthetic, bio-based, and specialty lubricants suited for particular uses. Numerous industries find these innovations intriguing because they enhance performance, durability, and environmental sustainability.
- High-quality lubricants are more important as proactive maintenance techniques, such as condition monitoring and predictive maintenance, are implemented to guarantee equipment dependability and save downtime. The need for specialty lubricants designed for particular equipment types and operating circumstances is increased by this trend.
Global Lubricant Market: Regional Landscape
- Lubricants are expected to lead the market in Asia Pacific. China, India, and Southeast Asian countries are showing rapid industrial growth as the Asia-Pacific region becomes increasingly industrialized. The need for lubricants is driven by this industrial growth in several industries, including the maritime, automotive, manufacturing, and construction sectors.
- Some of the biggest automobile markets in the world, including those of China, Japan, India, and South Korea, are found in the Asia-Pacific area. These nations’ rising car sales and production are increasing lubricant demand, especially engine and gearbox fluids. Lubricant use is further increased by higher car ownership rates, which result from urbanization and the growing middle class.
- The governments of numerous Asia-Pacific nations are investing significantly in constructing ports, airports, railroads, highways, and bridges. Heavy machinery and construction equipment for these projects depend on lubricants for proper operation and upkeep.
- The Asia-Pacific region’s growing manufacturing and industrial sectors are driving up demand for lubricants for the upkeep of machinery and equipment. This comprises equipment used in the mining, manufacturing, agricultural, and energy production industries.
Global Lubricant Market: Competitive Landscape
Lubricant manufacturers are concentrating on developing bio-based lubricants to meet consumer demand. To keep their leadership position and increase their market presence, they are also implementing a number of initiatives, including mergers and acquisitions and the development of new products.
Key Players Profiled
- ADDINOL Lube Oil GmbH
- AMSOIL INC.
- BVA Oil
- Carlube
- CRP Industries Inc.
- Forsythe Lubrication
- FUCHS
- LIQUI MOLY GmbH
- Lucas Oil Products Inc.
- Motul
- Royal Purple LLC
- The Maxol Group
- Tulco Oils
- Unil-Opal S.A.S
Key Developments
- In September 2023, L.B. Foster Company, the world’s biggest lubricant manufacturer, expanded its North American strategic partnership to include new markets in South America, Australia, and China. The partnership combines L.B. Foster’s world-renowned expertise and FUCHS’s world-class lubrication solutions for railways with its manufacturing capabilities.
- In March 2024, AMSOIL INC. announced that AMSOIL products would become the official lubricants for performance-engineered products manufactured by Lingenfelter Performance Engineering (LPE). Engine and chassis tuning components and advanced engine builds are LPE’s specialty. Aspects such as component design, durability testing, and life-cycle improvement are also provided to manufacturers by these companies.
For Complete Report Details, Request Sample Copy from Here –
https://www.transparencymarketresearch.com/lubricants-market.html
Global Lubricant Market: Segmentation
By Product
- Mineral Lubricants
- Synthetic Lubricants
- Bio-based Lubricants
By Application
- Automotive
- Aerospace
- Marine
- Industrial
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Have a Look at Related Research Reports on Chemicals & Materials
Cooling Fabrics Market (冷却生地市場) – The cooling fabrics market accounted for US$ 2.8 billion in 2022. From 2023 to 2031, it is estimated to expand at a CAGR of 10.5%. The market is expected to reach US$ 6.9 billion by the end of 2031.
Sodium Chloride Market (Mercado de cloruro de sodio) – The global sodium chloride market was estimated at a value of US$ 18 billion in 2022. It is anticipated to register a 3.8% CAGR from 2023 to 2031 and by 2031; the market is likely to attain US$ 26.1 billion by 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Here's Why Momentum in Northrim Should Keep Going
While “the trend is your friend” when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn’t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our “Recent Price Strength” screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen:
Northrim BanCorp
NRIM is one of them. Here are the key reasons why this stock is a solid choice for “trend” investing.
A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. NRIM is quite a good fit in this regard, gaining 26.4% over this period.
However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 5.7% over the past four weeks ensures that the trend is still in place for the stock of this holding company for Northrim Bank.
Moreover, NRIM is currently trading at 85.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises — the key factors that impact a stock’s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company’s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock’s near-term price performance.
So, the price trend in NRIM may not reverse anytime soon.
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Georgia Tightens Hemp Laws: New Restrictions On Age Limits, Edibles, Store Locations To Take Effect Oct. 1
Georgia is making sweeping changes to its hemp industry, with new regulations set to take full effect on Oct. 1, 2024.
Governor Brian Kemp signed Bill 494 into law in late April, introducing strict guidelines on cannabis product sales, advertising, and store locations, The Telegraph reported.
Age Restrictions Tightened
A major component of the new law is the introduction of an age restriction, banning the sale of CBD and cannabis products to anyone under 21. Governor Kemp raised the legal age in response to concerns about hemp products, particularly edibles, being marketed to resemble popular children’s snacks.
The law aims to address this issue directly by mandating that no product should be “attractive to children” or mimic any existing snack brand. To further safeguard minors, all cannabis products must now be “tamper-evident and child-resistant,” ensuring extra layers of protection.
Hemp Stores Face New Location Rules
The law goes beyond product marketing, imposing new zoning restrictions on hemp stores across the state.
Any retailer selling cannabis products must now be located at least 500 feet from schools—whether public or private—where elementary or secondary education is provided.
Stores Will Pull Certain Edibles From Shelves
In a move that may disrupt some hemp retailers, Bill 494 bans the sale of CBD or cannabis-infused food products such as chocolates and alcoholic beverages. However, not all edibles are off-limits.
Gummies, a popular form of CBD, will remain legal under the new law, as do oils that aren’t mixed into any type of food or drink.
For store owners, this means acting quickly to remove prohibited products from shelves. The law requires immediate compliance for any food-based CBD product, meaning that those who continue to sell banned items may face significant penalties.
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Microsoft, Intel And 3 Stocks To Watch Heading Into Tuesday
With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Ferguson Enterprises Inc. FERG to report quarterly earnings at $2.82 per share on revenue of $7.99 billion before the opening bell, according to data from Benzinga Pro. Ferguson Enterprises shares fell 0.1% to $197.10 in after-hours trading.
- Microsoft Corp. MSFT announced a new share repurchase program worth up to $60 billion. The company also declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter. Microsoft shares gained 0.7% to $434.50 in the after-hours trading session.
- Nutriband Inc NTRB disclosed a $1 million share buyback program. Nutriband shares fell 0.4% to $4.50 in the after-hours trading session.
Check out our premarket coverage here
- Intel Corp. INTC announced a strategic collaboration with AWS to help advance US-based chip manufacturing. Intel shares jumped 7.9% to $22.56 in the after-hours trading session.
- RF Industries, Ltd. RFIL posted weaker-than-expected results for its third quarter on Monday. RF Industries shares dipped 12.8% to $3.75 in the after-hours trading session.
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Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring
Microsoft Corp. MSFT announced a new share repurchase program worth up to $60 billion on Monday.
What Happened: The tech giant also declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter. The company will hold its annual shareholders meeting on Dec. 10.
In July, Microsoft revealed plans to increase spending on artificial intelligence infrastructure this fiscal year. The company reported a 77.6% rise in capital expenditures for the quarter ending Jun. 30, primarily due to AI-related costs.
Despite a slowdown in growth for its Azure cloud business in the last quarter, Microsoft expects growth to accelerate in the second half of fiscal 2025.
Last month, Microsoft restructured its business unit reporting, moving some search and news advertising revenue under the Azure cloud-computing unit.
This move follows Apple Inc. AAPL’s record $110 billion share buyback program announced in May.
Why It Matters: The announcement of the $60 billion share buyback program comes amid significant structural changes within Microsoft.
Recently, the company cut about 650 jobs in its gaming division following its $69 billion acquisition of Activision-Blizzard. This restructuring aims to streamline operations and enhance efficiency within the expanded gaming portfolio.
Additionally, Microsoft has been focusing on strengthening its cloud and AI capabilities. The company recently appointed Carolina Dybeck Happe as its new EVP and COO to bolster its cloud services and AI initiatives. This move is part of Microsoft’s strategy to compete with Amazon.com Inc. AMZN in the cloud services market.
Moreover, Microsoft’s investment in AI is underscored by its involvement with OpenAI, which is seeking a $150 billion valuation. This partnership highlights Microsoft’s commitment to advancing artificial general intelligence and maintaining a competitive edge in the AI sector.
Price Action: Microsoft’s stock closed at $431.34 on Monday, up 0.17% for the day. In after-hours trading, the stock rose by an additional 0.73%. Year to date, Microsoft has seen a strong performance, with its stock up by 16.30%, according to data from Benzinga Pro.
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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
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Ocean Power Technologies Stock Climbs On Q1 Results: Details
Ocean Power Technologies, Inc. OPTT reported its first-quarter financial results after Monday’s closing bell. Here’s a look at the details from the report.
The Details: Ocean Power Technologies reported quarterly losses of five cents per share, up from losses of 12 cents per share from the prior year’s quarter. Revenue of $1.3 million for the first quarter was up from $1.27 million from the same period last year.
- Operating expenses of $4.9 million decreased 39% year-over-year, reflecting previously disclosed restructuring and streamlining activities.
- The company’s backlog was $5.3 million, a 71% increase over the backlog from the same period last year, reflecting its previously announced efforts in Latin America and the Middle East.
- The company’s pipeline was approximately $92 million and reflects an increase in defense and security activity as well as an expansion of commercial opportunities.
Read Next: NVIDIA, Micron, SMCI Stocks Are Down Monday: What’s Going On?
“We continue to make progress on our path towards profitability as evidenced by the continued growth in our pipeline, backlog, revenues and gross margin. We have also made significant progress in stemming our losses, as evidenced by a material decrease in our operating costs,” said Philipp Stratmann, CEO of Ocean Power Technologies.
“The previously announced substantial cessation of our R&D efforts and the realignment of our headcount to focus on execution has led to a reduction in payroll and engineering related expenditures, and we will continue to see further benefits of these efforts going forward,” Stratmann added.
OPTT Price Action: According to Benzinga Pro, Ocean Power Technologies shares are up 9.32% after-hours at 27 cents after climbing 28.27% in Monday’s regular trading session.
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Intel, Microsoft, Meta Platforms, Pfizer, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Monday, major U.S. indices showed mixed results. The Dow Jones Industrial Average closed 0.5% higher at 41,622.08, while the S&P 500 edged up 0.1% to 5,633.09. Meanwhile, the Nasdaq fell by 0.5%, closing at 17,592.13.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Intel Corporation INTC
Intel shares surged by 6.36% to close at $20.91, after reports that the company could receive up to $3 billion in federal funding to produce semiconductors for U.S. military applications. The potential grant is part of the CHIPS and Science Act’s Secure Enclave program, which aims to secure a domestic supply of advanced chips critical for defense and intelligence purposes.
Microsoft Corporation MSFT
Microsoft shares saw a slight increase of 0.17% to close at $431.34. The tech giant announced a new share repurchase program worth up to $60 billion and declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter.
See Also: Apple Shares Slide In Monday Premarket: What’s Souring Sentiment?
Meta Platforms Inc. META
Meta Platforms shares rose by 1.75% to close at $533.28. The company has decided to use U.K. Facebook and Instagram posts to train its AI systems, despite this practice being prohibited under EU privacy laws.
Pfizer Inc. PFE
Pfizer shares increased by 2.73% to close at $30.07. Ron DeSantis-governed Florida is raising concerns about the safety of the mRNA vaccines, pointing to potential risks such as myocarditis and postural orthostatic tachycardia syndrome (POTS), rare heart conditions.
Tesla Inc. TSLA
Tesla shares dropped by 1.54% to close at $226.74. Electric vehicle (EV) registrations in July in the U.S. reportedly marked an 18% increase as compared to the same month last year owing to the success of the Tesla Cybertruck.
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Prepare for the day’s trading with top premarket movers and news by Benzinga.
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2 Stocks Down 78% and 88% That Wall Street Is Overlooking — but I'm Not
Much of the stock market’s attention has been focused on high-flying tech stocks lately, and for good reason. But some of the market’s best long-term opportunities could be in stocks that many Wall Street analysts and big investors are overlooking.
With that in mind, here are two stocks, down 78% and 88%, respectively, from their highs, that I own in my portfolio and could be incredible long-term bargains at their current prices.
New management and a network effect
About a year ago, PayPal (NASDAQ: PYPL) replaced its CEO with former Intuit executive Alex Chriss. But it didn’t stop there. It completely overhauled its entire executive leadership team. In fact, Chriss is the newest member of the C-suite.
The goal is to reinvigorate growth in the massive payments company after a couple of years of stagnation in the user base and a lack of a clear growth strategy. And while it’s still relatively early in the new team’s tenure, the progress so far has been impressive. In the second quarter, total payment volume grew 11% year over year, and thanks to the focus on efficiency, adjusted earnings per share grew by 36%. The number of active accounts grew slightly sequentially, thanks to lower customer churn.
I’m also excited to see how some of the company’s recent moves play out. Just to name a few examples from so far in September alone, PayPal recently announced an expansion of its partnership with Shopify for payments in the U.S., launched a large advertising campaign to promote the use of the PayPal Debit Mastercard, and launched the PayPal Everywhere expanded rewards program.
Investors aren’t putting a ton of faith in PayPal, as the stock trades for about 15 times forward earnings despite a huge net cash position, over $5 billion in annual free cash flow, and a very loyal user base.
Don’t ignore this social media stock
When most people hear the phrase “social media stock,” they think of companies like Facebook’s parent company, Meta Platforms, and Pinterest. Nextdoor (NYSE: KIND) rarely is even mentioned, and although one out of every three U.S. households uses it, many investors aren’t even aware it is a publicly traded company.
Nextdoor went public during the 2021 SPAC boom, and like many companies that took that route to the public markets, it is significantly down from its initial share price. But there are good reasons you might want to keep this overlooked social media company on your radar.
Recently, Nextdoor’s co-founder, Nirav Tolia, stepped back into the CEO role and has been laser-focused on efficiency and responsible growth, things that had not really been a focus of previous leadership. And even though he’s only been back in the role for about six months, we’re already seeing results.
Weekly active user growth, revenue growth, and adjusted EBITDA margin growth all accelerated in the second quarter. After a few years of unimpressive performance, Nextdoor is projecting 11% year-over-year revenue growth for 2024, as well as an adjusted EBITDA loss that is less than half of 2023’s.
In fact, management now expects the company to reach positive free cash flow in the fourth quarter of 2024. With the business in the relatively early stages of monetization, over $450 million in cash with no debt (and an $862 million market cap), and an aggressive stock buyback program in place, Nextdoor could be a home run for patient investors if management can deliver profitable growth.
These aren’t low-risk investments
Notice how I said that PayPal could be a big winner if new management can figure out how to return the business to growth, and Nextdoor could be a home run if the profitable growth trajectory continues. The key word in both of those statements is “if.” There is quite a bit of execution risk with both of these stocks, and I’d expect quite a bit of volatility over the next few years, even if things are going well. But from a risk-reward perspective, both of these look very interesting at their current valuations.
Should you invest $1,000 in PayPal right now?
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Matt Frankel has positions in Nextdoor, PayPal, Pinterest, and Shopify. The Motley Fool has positions in and recommends Intuit, Meta Platforms, Nextdoor, PayPal, Pinterest, and Shopify. The Motley Fool recommends the following options: short September 2024 $62.50 calls on PayPal. The Motley Fool has a disclosure policy.
2 Stocks Down 78% and 88% That Wall Street Is Overlooking — but I’m Not was originally published by The Motley Fool
Why Is Lattice Semiconductor (LSCC) Stock Rocketing Higher Today
What Happened:
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 12.7% in the morning session after the company announced the appointment of Dr. Ford Tamer as Chief Executive Officer. Tamer replaced Esam Elashmawi, who had served as Interim CEO since June 2024. Elashmawi will continue in his role as Chief Strategy and Marketing Officer.
Tamer adds extensive experience and expertise in semiconductors, networking, and enterprise software. He was President and CEO of Inphi for over nine years; before that, he held leadership roles at Telegent Systems and Broadcom’s Infrastructure Networking Group. Further solidifying his pedigree, Tamer holds advanced degrees from MIT.
Lastly, the company reaffirmed its guidance on July 29, 2024, suggesting that there won’t be major surprises when it reports earnings for the quarter. This further confirms that the company was able to manage the transition in leadership efficiently.
Overall, the market seems to be supportive of the move, given Tamer’s solid bio and his appointment, which not only addresses the leadership gap but also brings a sense of stability and direction.
Is now the time to buy Lattice Semiconductor? Access our full analysis report here, it’s free.
What is the market telling us:
Lattice Semiconductor’s shares are quite volatile and over the last year have had 22 moves greater than 5%. But moves this big are very rare even for Lattice Semiconductor and that is indicating to us that this news had a significant impact on the market’s perception of the business.
The biggest move we wrote about over the last year was about 2 months ago, when the stock dropped 18.1% on the news that the company reported second-quarter earnings results. Its revenue and EPS both missed Wall Street’s estimates.
Looking ahead, guidance for next quarter’s revenue also missed analysts’ expectations. The company called out industry headwinds, adding, “Second quarter 2024 results reflect the impact of cyclic industry headwinds. While the industry continues to go through a period of inventory normalization, we are starting to see signs of improvement. We continue to execute on our ongoing product portfolio expansion and remain well positioned for long-term growth.”
Overall, this was a mediocre quarter for Lattice Semiconductor. Following the results, Bank of America analyst downgraded the stock’s rating from Neutral to Underperform, citing “slowing growth prospects and muted visibility.”
Lattice Semiconductor is down 27.2% since the beginning of the year, and at $49.82 per share it is trading 42.6% below its 52-week high of $86.84 from September 2023. Investors who bought $1,000 worth of Lattice Semiconductor’s shares 5 years ago would now be looking at an investment worth $2,414.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
