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$GRLF: Green Leaf Innovations, Inc. Sets Sail for History
Join Cubanacan Heritage at Battleship New Jersey Museum's Annual 'Cigars on the River' Event
PEMBROKE PINES, FL / ACCESSWIRE / May 15, 2024 / Green Leaf Innovations, Inc., (OTC PINK:GRLF), an importer and wholesale distributor of premium hand-rolled cigars, is proud to announce its participation in the highly anticipated 'Cigars on the River' event at the iconic Battleship New Jersey Museum and Memorial.
Overlooking the majestic Delaware River and the breathtaking Philadelphia skyline, this annual soirée promises an unforgettable evening of indulgence and philanthropy. Guests will savor the finest cigars, exquisite cuisine, and handcrafted cocktails amidst the historic setting of the Battleship New Jersey.
Cubanacan Heritage, a cornerstone of Green Leaf Innovations, Inc.'s esteemed portfolio, will take center stage at this prestigious event, showcasing the rich heritage and unrivaled craftsmanship behind each meticulously hand-rolled cigar.
About Battleship New Jersey Museum and Memorial: The Battleship New Jersey Museum and Memorial stands as a testament to our nation's military prowess and enduring legacy. From its storied past in World War II to its pivotal role in modern naval history, the battleship offers a captivating glimpse into the triumphs and sacrifices of our armed forces. Immerse yourself in a journey through time and honor the heroes who have served our country with courage and valor.
Don't miss this exclusive opportunity to join Green Leaf Innovations, Inc. and Cubanacan Heritage aboard the Battleship New Jersey for an evening of camaraderie, celebration, and support for a noble cause.
About Green Leaf Innovations, Inc.
Green Leaf Innovations, Inc., a Florida corporation, is an emerging growth company engaged in the Marketing and Distribution of handmade premium cigars. The company strategically imports and exclusively distributes some of the best known premium cigar brands in the Market created by the Mederos family a Third generation Cigar maker with Robert Mederos at the helm who has owned and operated handmade cigar operation in Nicaragua and the US for over 20 years with a rich family history in the craft dating back to the 1800s Cuba, brands such as CUBANACAN, MEDEROS and TABACALERA SERRANO. In addition to it the company also distributes packaged whole leaf Tobacco to cigar lounges, smoke shops, C-stores and vape shops across the United States and soon International Markets.
Additional information can be found on our websites http://www.greenleafinnovation.com or follow us on Twitter @otcgrlf.
For more information, press only:
PR Contact Name: Ryan Medico
Phone number: (800) 303-6268
Email: info@greenleafinnovation.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
SOURCE: Green Leaf Innovations, Inc.
$AVRW News: Avenir Wellness Solutions Reports Fourth Quarter 2023 Results
New Initiatives Showing Encouraging Results
SHERMAN OAKS, CA / ACCESSWIRE / May 17, 2024 / Avenir Wellness Solutions, Inc. (OTCQB:AVRW) ("Avenir" or the "Company"), a proprietary broad platform technology and wellness company, today announced results for the fourth fiscal quarter ended December 30, 2023.
Key financial highlights for the fourth quarter included the following:
Net revenue in the fourth quarter of 2023 increased to $1.1 million from the same period in 2022 by $0.2 million, or 11.7%, and also increased sequentially from Q3 2023 by $43 thousand, or 4.4%. Overall growth was lower than expected due to the continued delay in receiving the expected remainder of the asset sale proceeds to be used for advertising and marketing to drive sales. The quarter did, however, benefit from a new relationship with leading online and beauty subscription box retailer, FabFitFun.
Gross margin increased 407 basis points year over year in the fourth quarter of 2023 due to improved working capital management offset in part by a higher proportion of sales coming from our wholesale channel of distribution with its lower margins than our higher-margin direct-to-consumer sales channel.
Gross margin for the third quarter of 2023 decreased sequentially from the second quarter of 2023 by 26 basis points due to a shift in sales channel mix with a higher proportion of wholesale sales to Amazon and FabFitFun which resulted in shipments of approximately $0.3 million.
Cost containment initiatives led to a favorable impact on SG&A expenses (excluding non-cash charges) for the fourth quarter with a decrease of $357 thousand in 2023 compared to 2022 driven by decreased spend on advertising and promotion of $325 thousand lower overhead by $32 thousand.
Net operating loss from continuing operations (excluding non-cash charges) improved by $0.9 million in 2023.
"Our products continue to maintain sales levels which is encouraging given that we have been unable to fully execute on our marketing initiatives pending receipt of the balance of the proceeds from the July 2022 asset sale. As mentioned in our third quarter earnings announcement, the proceeds from the July 2022 asset sale allow us to invest in the future of the Company, but the delay in receiving the balance of the proceeds continued to have an impact on our operating performance. We expect accelerating sales will reaffirm the improving overall trajectory of the business. Further, our margin expansion initiatives continue to deliver results with improvement from third quarter, and we continue our overall cost containment initiatives to further reduce SG&A expenses and to maximize operating leverage.
Fine tuning our Search Engine Optimization (SEO), bringing our media buying in house and achieving successful monthly campaigns like theSkimm continue to deliver for us as we execute on our strategy to build our brands," said Nancy Duitch, Avenir CEO.
Operational Highlights
Other operational highlights during the fourth quarter of 2023 included:
Our newly formulated Seratopical Revolution Cracked Heel Souffle was selected for inclusion in FatFitFun's Summer 2024 subscription box selling out an astonishing 80,000 units in under 43 minutes. Click link to view Instagram videos on our Cracked Heel Souffle.
Our DNA Complex hero product continues to perform as our subscription based grows.
Wholesale sales led by Amazon continue to grow with all the positive product reviews.
We began development of our new TikTok shop to capitalize on the evolving digital ecommerce landscape which launched in the second quarter of 2024.
For further details, please visit our website to review our most recent Form 10-K filed on May 17, 2024 at: http://www.avenirwellness.com/sec-filings/
About Avenir Wellness Solutions, Inc.
Avenir Wellness Solutions, Inc. (OTCQB:AVRW) is a broad platform technology company that develops proprietary wellness, nutraceutical, and topical delivery systems which are integrated into our wellness and beauty products and sold directly to the consumer. The technology, which is based on (15) fifteen current patents, offers a number of unique immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The Company will continue down the path of creating new technologies that is part of its incubator strategy in order to monetize its intellectual property as well as expand our product lines utilizing the technology. As a vertically integrated platform company, Avenir looks to partner or license its IP technology with wellness companies worldwide. For more information visit: www.avenirwellness.com.
About The Sera Labs, Inc.
Sera Labs, a wholly owned subsidiary of Avenir, is a trusted leader in the health, wellness, and beauty sectors of innovative products with cutting-edge technology. Sera Labs creates high-quality products that use science-backed, proprietary formulations. More than 25 products are sold under the brand names Seratopical™, Seratopical Revolution™, SeraLabs™, and Nutri-Strips™. Sera Labs sells its products at affordable prices, making them easily accessible on a global scale. Strategically positioned in the growth market categories of beauty, health and wellness, Sera Labs products are sold direct-to-consumer (DTC) via online website orders, including a subscribe and save option, and also sold online and in-store at major national drug, grocery chains, convenience stores, and mass retailers and on Amazon.com. For more information visit: www.seralabshealth.com and follow Sera Labs on Facebook, Instagram and TikTok at @seratopical as well as on X (Twitter) at @sera_labs.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding the future growth and success of our organization. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expected," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions.
Forward-looking statements represent our management's current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information.
CONTACTS:
Investor Relations
Hanover International Inc.
T: (760) 564-7400
E: investor@avenirwellness.com
$AVRW @AvenirWellness Leading LA Plastic Surgeon Recommends Seratopical Skin Care for Superior Anti-Aging Performance: (Stock Symbol: AVRW) - World News Report - EIN Presswire
Cliock here:
https://world.einnews.com/article/688477296/leading-la-plastic-surgeon-recommends-seratopical-skin-care-for-superior-anti-aging-performance-stock-symbol-avrw
$RENB News: Transforming Cancer Detection: RenovaroCube Introduces Flamingo, a novel AI model based on Fragmentomics
LOS ANGELES and AMSTERDAM, April 30, 2024 (GLOBE NEWSWIRE) -- RenovaroCube, wholly owned subsidiary of Renovaro, Inc. (Nasdaq: RENB), a company at the forefront of AI-driven healthcare innovation, proudly unveils Flamingo, a potentially groundbreaking multi-cancer detection model contributing to its mission to transform early cancer diagnostics. Leveraging ultra-low pass whole genome sequencing (ULP-WGS) of cell-free DNA (cfDNA), Flamingo represents a promising leap forward in the fight against cancer.
Traditional cancer detection methods often fall short in identifying cancers at an early stage when treatment is the most effective. However, Flamingo has the potential to overcome these limitations by harnessing the power of AI to analyze minute amounts of cfDNA data that is highly accurate.
"At RenovaroCube, we believe in pushing the boundaries of possibility," states Daan Vessies, senior scientist at RenovaroCube. "Flamingo undescores our commitment to change cancer diagnostics in a transformative way, ultimately offering clinicians a powerful tool to detect cancer across diverse omic layers."
The Company believes that no single model or molecular modality will reach the requisite sensitivity and specificity throughout the entire patient journey for personalized, precision medicine, from early detection, to predicting the effectiveness of various treatment options, to monitoring the response to therapy within days of starting it, to detecting recurrence at the earliest possible moment. Therefore, our AI/machine learning platform, The Cube, integrates multi-omic data, offering a uniquely comprehensive approach to cancer detection by leveraging a library of trained models for multiple omic layers. One such model Flamingo focuses on is the detection of cancer from ultra-low pass whole genome sequencing (ULP-WGS) cfDNA data using fragmentomics.
Flamingo's development marks a significant milestone in the quest for early cancer detection with RenovaroCube’s engine. By utilizing as few as only 200,000 cell-free DNA fragments per sample, integrating fragment lengths, sequence motifs and employing a meticulously designed neural network, Flamingo achieves remarkable performance in distinguishing cancer from healthy samples.
By augmenting The Cube's arsenal of models operating across various omic layers, Flamingo contributes to the development of non-invasive diagnostics to detect cancer early, enabling timely interventions and improving patient outcomes.
"Adding Flamingo to our Cube will accelerate our efforts to realize a paradigm shift in cancer detection," affirms Frank van Asch, CTO, RenovaroCube. "With its introduction, we are one step closer to realizing our vision of a world where cancer is detected and treated swiftly, saving countless lives in the process."
RenovaroCube invites interested doctors and scientists from international research institutions, clinical cancer centers and all stakeholders to join in the early research use application of our AI/machine learning platform to advance cancer diagnostics and pave the way for a healthier future.
About Renovaro:
Please see a recent interview with Avram Miller, Member of, and Advisor to, the Board of Directors, former co-founder of Intel Capital and SVP of Business Development for Intel:
https://techbullion.com/avram-miller-talks-ab...es-with-ai
Renovaro aims to accelerate precision and personalized medicine for longevity powered by mutually reinforcing AI and biotechnology platforms for early diagnosis, better-targeted treatments, and drug discovery. Renovaro includes RenovaroBio, with its advanced cell-gene immunotherapy company, and RenovaroCube. RenovaroCube has developed an award-winning AI platform that is committed to the early detection of cancer and its recurrence and monitoring subsequent treatments. RenovaroCube intervenes at a stage where potential therapy can be most effective. RenovaroCube is a molecular data science company with a background in FinTech and a 10-year history. It brings together proprietary artificial intelligence (AI) technology, multi-omics, multi-modal data, and the expertise of a carefully selected multidisciplinary team to radically accelerate precision medicine and enable breakthrough changes in cancer care.
Upon the closing of the previously announced acquisition of Cyclomics (winner of the Health Holland Venture Challenge), RenovaroCube will be capable of performing liquid biopsies using proprietary technologies to identify single cancer DNA molecules in only one vial of blood. In combination with Oxford Nanopore Technology, genetic information can be retrieved over multiple genetic layers to develop the next generation of cancer diagnostics. This will transform cancer care by enabling faster and more accurate diagnosis throughout the patient journey.
https://www.renovarogroup.com
https://www.renovarobio.com
https://www.renovarocube.com
About Cyclomics:
Cyclomics is a Dutch company founded in 2018, winner of the Health Holland Venture Challenge (startup of the year) by scientists of the UMC Utrecht. Its ambition is to transform cancer care by enabling faster and more reliable diagnoses, particularly in the context of cancer recurrence thanks to its proprietary circulating tumor DNA (ctDNA) detection technology.
https://www.cyclomics.com/
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties, including but not limited to the success or efficacy of our pipeline and platform. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as “believes,” “plans,” “expects,” “aims,” “intends,” “potential,” or similar expressions. Actual events or results may differ materially from those projected in any of such statements due to various uncertainties, including as set forth in Renovaro’s most recent Annual Report on Form 10-K filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Renovaro Inc. undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For media inquiries, please contact: karen@renovarocube.com
Source: Renovaro Inc.
$NCL News: Northann Corp.'s Benchwick Brand to Showcase SuperOak Hybrid Wood Planks Alongside Blue11 Collection at NWFA in New Orleans, April 16-18, 2024
ELK GROVE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL) today announced that its Benchwick brand will unveil its latest patented innovation, SuperOak Hybrid Wood Planks, before showcasing its award-winning Blue11 Collection, at the National Wood Flooring Association (NWFA) Expo in New Orleans, April 16-18, 2024, at the New Orleans Ernest N. Morial Convention Center - Hall F & G.
Combining the natural beauty of wood with the durability and sustainability of modern materials, SuperOak Hybrid Wood Planks represent a breakthrough in flooring technology. The product will be in stock across the U.S. starting in May, ensuring customers have access to this revolutionary flooring solution.
"We are thrilled to introduce our Benchwick SuperOak Hybrid Wood Planks, as well as showcase our award-winning Blue11 Collection, at NWFA," said Lin Li, CEO and President of Northann Corp. "SuperOak demonstrates our dedication to pushing the boundaries of flooring technology."
Attendees of NWFA are invited to visit Northann at booth number 2219 to explore the SuperOak and Blue11 Collection and learn more about Benchwick's cutting-edge flooring solutions.
For more information about Northann Corp. and its Benchwick brand, visit www.northann.com.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
https://www.globenewswire.com/newsroom/ti?nf=OTA4OTg3MCM2MjAyMzk1IzIyNTM4NDA=
https://ml.globenewswire.com/media/ZWViZDNhYWYtNmMzYS00OGZiLTlmNjItMGI4MTE3NDQ2MTEyLTEyNjUzOTM=/tiny/Northann-Corp-.png
Source: Northann Corp.
$NCL News: Northann Corp Announces Cross-Licensing Agreement with I4F for Digital Printing Technology
ELK GROVE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL), a leading innovator in 3D-printed home improvement solutions, is pleased to announce a strategic cross-licensing agreement with I4F, a group of companies providing patents and technologies to the flooring industry.
This agreement solidifies a collaborative effort between the two companies to enhance their respective offerings in the digital printing space. Northann Corp's commitment to innovation and quality aligns perfectly with I4F's expertise in digital printing technology, creating a synergy that promises exciting advancements in the flooring industry.
"Intellectual property should not be a barrier to technological and industry advancements; it should be a catalyst for continuous innovation for humanity and the industry as a whole," said Lin Li, CEO of Northann Corp. "Our cross-license agreement with I4F is designed to further democratize this technology and help I4F's digital printing licensees greatly reduce manufacturing costs and entry barriers. After this cross-license agreement, Northann Corp will manufacture its 3D printing ecosystem with digital printing production lines in the United States, drastically reducing production costs, and further solidifying Northann’s foothold within the industry."
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
https://www.globenewswire.com/newsroom/ti?nf=OTA4NzE5NCM2MTk0NzA4IzIyNTM4NDA=
https://ml.globenewswire.com/media/Njk0MWU2ZDMtZGE3Yy00OWQ4LWIzZmQtZjE3NTg1ZDA3MTZiLTEyNjUzOTM=/tiny/Northann-Corp-.png
Source: Northann Corp.
$GVH -Experience Effortless E-commerce Shipping: Globavend Holdings Limited (NASDAQ:GVH) Tailored Solutions from Hong Kong to Your Doorstep in Australia & New Zealand!
Click here: https://axecapitalusa.com/gvh/
Welcome to the future of logistics with Globavend Holdings Limited (NASDAQ:GVH), where innovation meets opportunity in the bustling e-commerce landscape of Asia-Pacific. As pioneers in direct injection from Hong Kong & Southern China to Australia and New Zealand, we offer investors a gateway to a market projected to witness exponential growth. Our integrated cross-border logistics solutions ensure seamless parcel consolidation, air freight forwarding, and customs clearance, catering to the evolving needs of online businesses.
Strategic Expansion: With plans to establish ground transportation and customs clearance teams, we are poised to capture a significant market share.
Profitable Partnerships: As an IATA-accredited cargo agent with strong ties to top air freight carriers, we guarantee cost-effective solutions.
Robust Growth: Amidst a booming e-commerce market, our stable business model promises lucrative returns for investors seeking long-term opportunities.
Innovative Solutions: Our all-in-one shipping solution ensures operational efficiency and customer satisfaction, positioning us as industry leaders.
Invest in Globavend today and be part of a transformative journey reshaping the future of global logistics.
"Bar, While it's tough to pick the winning companies...." Munger says, "invert, always invert." In this case, focus instead on discarding losers. For the past couple years I've advised my kids to shun stocks making headlines. i.e. faddish junk such as faux meat/food stocks. Or EV stocks. Even if they sometimes succeed, new-tech stocks are often way too pricey and payouts can be years down the road.
I advise my kids to stay with rock-solid boring operations. That's 180 degrees opposite of how IHUBers pick stocks. Can you imagine sitting in BYND at $200 a share, and without a dividend? Doesn't anyone remember the soy-burger disasters of the past? Has any MJ stock worked out well for its investors?
Bar, While it's tough to pick the winning companies, the broader technology seems like a winner. I figure the best technologies will be acquired by larger players, as in other tech areas, so it will be 'Darwinian'.
Investment-wise, I currently only have the broad Aviation / Defense ETF (PPA), and a few stocks with aerospace exposure - Curtiss-Wright (CW) and Transdigm (TDG), but small positions (link below). Those I picked mainly based on their nice long term charts, so it was fairly easy. But these small newer companies would require a lot of research and knowledge, so then you are into 'Buffett territory' :o) Actually Buffett's purchase of Precision Castparts does have a sizable aerospace exposure. So even the 'Oracle' has ventured into aerospace, though he now believes he overpaid for that acquisition.
But probably best to avoid aerospace in general. My dad was in aerospace as an engineer, and he almost always avoided investing in the sector, and especially the airline stocks. Buffett learned that the hard way with his brief but disastrous foray into the airline sector a few years ago. While there was no way to predict the arrival of Covid, it's probably safe to say he'll go back to avoiding the sector like the plague :o)
Aerospace Sector -
https://investorshub.advfn.com/Aerospace-Sector-36968
---
What is that 60 or 70 firms that have played around with electric aircraft? Technology that's been around in various forms for ages. I see that none of the stocks are doing much. Many are falling, which is what I'd expect.
My guess is most of those "booked" "orders" are cancelable... just like many of the early EV car/truck orders. Remember Nikola? Or Lucid?
Bar, It looks like electric aircraft could be the future, at least for shorter haul flights under 500 miles. Here's one from the company Eviation (video below). I remember seeing the prototype for this in the news when they had it at the annual Paris Air Show (2019). Eviation began as an Israeli startup, and is now majority owned by the Clermont Group, a Singapore conglomerate, and they have $5 bil in orders. Improved battery technology will be the key to getting longer haul aircraft with bigger payloads -
Check out this long list of electric aircraft at various stages of development -
https://en.wikipedia.org/wiki/List_of_electric_aircraft
SRFM Surf Air Mobility already down to 0.82. EV flight company.
https://finance.yahoo.com/quote/SRFM?.tsrc=fin-srch
Surf Air Mobility shares slump 75% in NYSE debut
"July 27 2023 (Reuters) - Electric aviation and regional air travel company Surf Air Mobility (SRFM.N), opens new tab shares slumped 75% below their reference price in a direct listing on Thursday.
Shares debuted on the New York Stock Exchange at $5 per share below its reference price of $20.
https://www.reuters.com/markets/deals/surf-air-mobility-shares-slump-75-nyse-debut-2023-07-27/
Another cute "gadget stock." I hope it's not too much like the Osprey. LOLOL
I'll leave the gadgets for Shark Tank. Cool video, utterly devoid of facts.
Wow an aircraft produced by a penny stock! Several major aircraft companies such as Boeing are working on EVTOLs. Insuring one of those will be nearly impossible. Heck, insurance is a fortune for small recreational aircraft now.
who are the major backers of Archer Aviation
https://gemini.google.com/app/5246cc6ab7bd998d
how far along is Archer Aviation in receiving governmental approval for it eVTOL aircraft
and
who are the major backers of joby
https://gemini.google.com/app/3d6906518078942b
Ombow, It looks like JOBY has completed Phase 3 of the 5 part certification process -
>>> Joby Completes Third Stage of FAA Certification Process
https://finance.yahoo.com/news/joby-completes-third-stage-faa-130000733.html
<<<
JOBY has a mega cool technology, but I wonder about the economic viability of their air taxi business model since it only carries 4 passengers. They're going to have to charge a lot for that businessmen's flight to the airport, one would think. Another potential target market would be as a play toy for rich guys. That works great for high end cars like Ferrari, but for JOBY the rich guys would also need to have a pilot's license, and that would be a very small number of customers. Even if they make the aircraft 'autonomous' so you don't actually need a pilot's license, the cost is going to be very high, so a very limited market, one would think. The military is reportedly looking at the JOBY, but what they need is something big to replace the Osprey, and that's already in the works (Bell V-280 Valor).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174005617
So while super cool, I figure these air taxis might remain a relatively small niche product. Just a guess though.
Btw, check out these crazy guys. Looks like fun, but..
JOBY
https://www.theguardian.com/us-news/2024/mar/29/flying-taxi-joby-aviation-ohio
have joby's eVTOL aircraft received governmental approval
https://gemini.google.com/app/1ad9d490aa27d3e0
Bar, Yes, that's a great sector. I figure if it's Buffett's favorite sector, that's the place to be, and this is confirmed by their phenomenal long term charts. Here are the one's I own (below), albeit small positions. Buffett has had a bunch of these, though over the past year has reduced or eliminated some of his positions. But I'll just keep them long term since the charts are so nice. I'd like to add Allstate, but am waiting for a pullback. A lot of these are currently overbought, but I'll continue to hold them LT, as you have done for decades :o)
Insurance -
***************
SDPR Insurance ETF (KIE) (0.35%) ------------------------------------------------------------------- 1.9%
Cbiz Inc (CBZ) - Financial, insurance, advisory services (3 Bil) --------------------------------- 0%
Everest Group (EG) - Reinsurance (16 Bil) (Bermuda) ------------------------------------------ 1.9%
Globe Life (GL) - Life insurance (12 Bil) (Berkshire) ---------------------------------------------- 0.7%
Old Republic Intl (ORI) - Diversified insurance (8 Bil) -------------------------------------------- 3.4%
Primerica (PRI) - Life insurance, investment products, other (9 Bil) --------------------------- 1.2%
Insurance - Brokers -
***************************
Aon PLC (AON) - Financial services, insurance broker (60 Bil) (Ireland) (Berkshire) ---- 0.8%
Arthur J. Gallagher & Co (AJG) Insurance broker (41 Bil) --------------------------------------- 1%
Brown + Brown (BRO) - Insurance broker (17 Bil) ------------------------------------------------- 0.8%
CorVel (CRVL) - Insurance broker and diverse services (4 Bil) ---------------------------------- 0%
Marsh & McLennan (MMC) - Insurance broker, services (86 Bil) (Berkshire) -------------- 1.4%
Insurance - Property + Casualty -
*****************************************
Chubb (CB) - Insurance (97 Bil) (HQ in Switzerland) --------------------------------------------- 1.5%
Kinsale Capital Group (KNSL) - Property and casualty insurance (5.3 Bil) ----------------- 0.2%
Markel (MKL) - Insurance (20 Bil) (Berkshire) -------------------------------------------------------- 0%
Progressive Corp (PGR) - Insurance (79 Bil) -------------------------------------------------------- 0.3%
RLI Corp (RLI) - Insurance (6 Bil) ----------------------------------------------------------------------- 0.8%
Travelers (TRV) - Insurance (45 Bil) -------------------------------------------------------------------- 1.9%
WR Berkley (WRB) - Insurance (19 Bil) ---------------------------------------------------------------- 0.6%
<<<
https://investorshub.advfn.com/Financial-Sector-Ideas-25505
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Warren Buffett’s favorite market indicator is flashing red
https://www.cnn.com/2024/03/27/investing/premarket-stocks-trading/index.html
It looks like it's just an early stage company with just one arrow in the quiver right now. Might be worth following what they do in the future.
gfp, what are your thoughts on https://invivyd.com/ ? Another PYMD or the real deal? Did you listen to Rain? If you click on the middle arrow and then on the arrow in the lower right, you'll find it - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174100759
Bar, >> CTAS <<
That has to be the nicest long term chart of any stock, with unbelievable 'ST' (steadiness and trajectory). MMC is another one with a super nice LT chart. Owning these sure beats chasing the latest fad stock :o)
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$RENB - Cutting Edge AI Company GEDiCube and Cyclomics sign binding LOI to join forces and position themselves at the forefront of the global liquid biopsy marketplace | NASDAQ https://www.nasdaq.com/press-release/cutting-edge-ai-company-gedicube-and-cyclomics-sign-binding-loi-to-join-forces-and-0
$AVRW looks very undervalued and oversold right now, especially with the high prospects that the company has in play to deliver a record sales growth year in 2024. This was clearly laid out in the latest official company news below.
Avenir Wellness Solutions Issues 2024 Marketing Growth Plans to Shareholders for Seratopical Revolution Skin Care Line with Support from Nicole Kidman and Facial Plastic Surgeon Dr. Michael Persky
New TikTok Shop Ready for Launch to Help Grow Brand Awareness and Product Sales
February 13, 2024
News Link:
https://finance.yahoo.com/news/avenir-wellness-solutions-issues-2024-140000098.html
Bar, Yes, a great idea to use a broad index ETF like the S+P 500 for the bulk of one's stock allocation. Just set it and forget it, and fully participate in the long term historical uptrend in stocks. In addition to using the broad index, the other key aspect is to not try to time the market.
That said, the individual stocks that I chose for the non-index portion of the portfolio have so far beaten the S+P 500 by a fairly wide margin. But it hasn't been over a long time frame yet, and we're in a bull market after all, so we'll see how things go over time. Fwiw, the portfolio contains 183 individual stocks, plus 5 sector ETFs (link below). I chose these mainly on the basis of the 10-15 year charts (steadiness and trajectory). These are all small positions, but together they add up to a decent amount, though the bulk of the stock allocation is in the S+P 500 index ETF -
By Sector -
https://investorshub.advfn.com/5G-Telecom-Sector-37555
By Market Cap -
https://investorshub.advfn.com/Buy-Hold-Stocks-42434
---
"For the 14th year in a row, the S&P 500 did better than the majority of actively managed U.S. large-cap stock funds"
"A majority of active funds focused on U.S. large-cap stocks failed to beat the S&P 500 index last year, extending their track record of underperformance, according to S&P Dow Jones Indices.
Sixty percent of all active large-cap U.S. equity funds lagged the S&P 500 in 2023, a scorecard report from S&P Dow Jones Indices shows. The price of the S&P 500 climbed 24.2% last year for a total return of 26.3%, according to FactSet data. ".
Consider Index funds over activly managed equity funds.
https://www.marketwatch.com/story/majority-of-active-u-s-large-cap-stocks-funds-fail-to-beat-s-p-500-in-2023-a-worse-year-for-underperformance-than-2022-89fad8a1
$GDHG News: Golden Heaven Group Holdings Ltd. Announces Guest Visits Increased During the 2024 Chinese Spring Festival Holiday
March 6, 2024
https://finance.yahoo.com/news/golden-heaven-group-holdings-ltd-130000542.html
$GDHG News: Golden Heaven Group Holdings Ltd. to Expand into Indonesia Market with its Strategic Partnership
February 29, 2024
News Link:
https://www.prnewswire.com/news-releases/golden-heaven-group-holdings-ltd-to-expand-into-indonesia-market-with-its-strategic-partnership-302074850.html
ELTP
X 1. Cash Flow Positive Status - 5 years
X 2. Purchase main building housing their cGMP registered facility for research, development, manufacturing and packaging of pharmaceutical products.
X 3. Adderall IR $335 Million Approved and Launched
X 4. Adderall XR $1.56 Billion Approved and Launched
X 5. Double digit quarterly revenues in millions
X 6. In house marketing and distribution: Kirkov
X 7. Prasco/Burel Adderall agreement starting January 1st 2024
X 8. First shipment Adderall XR to PRASCO Dec 2023
X 9. DEA increases manufacturing quotas for Adderall & Vyvance
X 10. Generic Vyvanse - $5.1 BILLION - FDA submission Dec 2023
X 11. FDA Acceptance of Generic OxyContin Sept 2023
__12. $50 million in yearly revenues
__13. Generate revenues over $20 million/quarter
__14. Generic OxyContin Approval -;FIRST TO FILE Aug 17, 2023 $720 Million
__15. Prevail over Purdue in Generic OxyContin infringement suit - 6 month stay
X 16. Lease additional manufacturing space and storage vault for new Needle Mover ANDAs Jan 2024
__17. European distribution - Dexcel partnership approval by Israeli Health
__18. Full ownership of Adderall IR $ 335 Million
__19. Full ownership of Adderall XR $ 1.56 Billion
__20. Generic Concerta- $1.2 BILLION FDA submission
__21. Vigabatrin - VigPoder approved Pyros $233 Million trade mark challenge
__22. $100 million in yearly revenues
__23. Dopamine Agonist (probably Requip XL or Mirapex ER). $12 Million
__24. Patented Unique ADF (w/o naltrexone)-- NDA
__25. Mikah ANDA (s)
__26. Undisclosed ANDAs/NDAs
__27. Antimetabolite ANDA- Methotrexate -$600 Million - unconfirmed
__28. Undisclosed Antimetabolite ANDA- $42 Million
__29. Generic Vyvanse Approval
__30. DollarLand PPS
__31. Uplist to the NASDAQ Exchange
__32. ELTP Elite Pharmaceutical Buyout - less than 2 1/2 years from Feb 2024
__33. Vegas Baby !!!!!!!
No internet, no satellites to guide our weaponry, no electronics, no electricity, no worth in the stock market, nukes going off, ETC., is it really going to get that bad????
Hi Ombow, Yes, though with Russia it isn't a new development (EMP weapon). With EMP, all it takes is a relatively small nuclear device detonated in low orbit over the target area, and you knock out the power grid of that area (see Woolsey video below) and it's back to the Stone Age. In addition to the power grid, all non-hardened microelectronics are zapped.
Years ago the main nuclear powers signed agreements to not put nuclear devices into orbit. But this was impossible to enforce, and since neither side trusts the other, it's widely assumed that nuclear devices have been in space for many years. My dad was an engineer involved in developing the early spy satellites (Corona program), and that's basically what he said. He didn't discuss details, but in the early days, the idea was to use small nukes in space to disable the opponent's satellites. But using an orbital nuke to disable your enemy's power grid is so easy to do, and so devastating, each side is forced to have it as a key strategy.
The problem isn't with Russia and China, who have too much to lose by using nuclear weapons (Mutual Assured Destruction). The problem is with the small players like N. Korea and Iran, or possibly a non-state actor or terrorist group with basically nothing to lose. Combine that with our unbelievably vulnerable power grids and electronic infrastructure, and the paradigm that the world has operated under has been thrown on its head. Orbital EMP weapons are the 'great equalizer', by which a small country or group can make moot the largest military powers in the world.
Beyond the power grid itself, the microelectronics we are now totally dependent upon are approx 1 million times more sensitive to EMP than were earlier electrical systems. This includes solar EMP from the sun. A large solar EMP (Carrington Event) hitting the Earth would zap the power grids and microelectronics worldwide. So that's the bigger risk. Scientists estimate that a Carrington size solar EMP hits the Earth every 150 years. The last was in 1859, so we're overdue. In 2012 there was a near miss -
Carrington Event - https://en.wikipedia.org/wiki/Carrington_Event
But the even bigger problem is that in zapping the power grid, the nuclear power plants in operation only have from 2-4 weeks of diesel fuel on-site to run their backup generators to keep the coolant water going to the nuclear reactors. Assuming these back up generators are still functioning after the EMP (doubtful) they will have 2-4 weeks to shut down their nuclear reactors or the cores will quickly overheat and explode ala Fukashima. The US has approx 100 operating nuclear reactors, so imagine 100 Fukashimas exploding. North America will be uninhabitable for thousands of years, as will Europe and most other highly developed areas.
Anyway, by our overdependence on electronics, humanity has painted itself into a corner.
gfp, this is something you were on to many moons ago -
Is Russia developing an EMP?
https://gemini.google.com/app/42c9d01403a009e4
$GEMZ News: GEMXX Corporation Forecasts Soaring Growth in India’s Colored Gemstones and Gold Markets
LAS VEGAS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company"), a leading provider of exquisite gemstone jewelry, is excited to announce its insights into the burgeoning jewelry market in India, showcasing remarkable growth projections between 2023 and 2033.
According to recent industry forecasts, the jewelry market in India is poised for exceptional expansion, with an estimated increase of USD 21.54 billion anticipated between 2023 and 2027. This surge is supported by an impressive compound annual growth rate (CAGR) of 5.54%, positioning India as a key player in the global jewelry arena.
In specific focus, the colored gemstones market in India is expected to reach US$ 707.8 million in 2024, with a robust 10.5% CAGR projected between 2023 and 2033. This acceleration is anticipated to culminate in a staggering US$ 1.9 billion for the market by 2033.
“This industry forecast pinpointing the increase in demand for colored gemstones and gold allows investors a safe haven for investing in a company backed by gemstones and gold rather than a sometimes-volatile technology stock,” stated Jay Maull, CEO of GEMXX Corp.
"The growth rate of the colored gemstone market in India is surpassing the overall growth rate of the jewelry market in India by 2.1%. Ammolite, a relatively recent addition to the Indian colored gemstone market, has the potential to attract a significant portion of buyers seeking something innovative or distinct from conventional colored gemstones," further commented Jay Maull, CEO of GEMXX Corp.
Beyond mere aesthetics, gemstones and gold in India hold a distinct significance for a substantial portion of the population, believed to possess divine powers. The demand for colored gemstones is also on the rise, driven by their perceived Vedic properties, making them more than just precious stones but also carriers of sentimental and astrological value.
GEMXX Corporation is strategically positioned to capitalize on this growing trend, offering an extensive range of ammolite products to cater to the evolving preferences of the Indian market. As a global leader in the industry, GEMXX Corp continues to innovate and provide unique gemstone options that resonate with the cultural and spiritual sentiments of consumers.
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
For more information, please visit: GEMXX Corporation
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed. /S/ Jay Maull, CEO
GEMXX Corporation
For more information, please contact:
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
https://www.globenewswire.com/newsroom/ti?nf=OTAyOTI4MCM2MDQ4NjMwIzUwMDExNzcxNw==
https://ml.globenewswire.com/media/Yzc1ZTRhYjMtOGQ3ZS00ZmRmLWE5NWEtZDdmZWE3ZDQxZmFjLTUwMDExNzcxNw==/tiny/GEMXX-Corporation.png
Source: GEMXX Corporation
Ombow, Here's an interesting interview with Kerry Livgren and Dave Hope from the band Kansas -
Part 1 -
Matthew 24:3 And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?
4 And Jesus answered and said unto them, Take heed that no man deceive you.
5 For many shall come in my name, saying, I am Christ; and shall deceive many.
6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
Ombow, An interesting stock to check out -
>>> Super Micro Computer (SMCI) - >>> This Incredibly Cheap Artificial Intelligence (AI) Stock Is Crushing Nvidia in 2024 With 50% Gains. It Could Soar Another 85%.
by Harsh Chauhan
The Motley Fool
January 25, 2024
https://finance.yahoo.com/news/incredibly-cheap-artificial-intelligence-ai-131500553.html
If you're looking to buy a top artificial intelligence (AI) stock right now, Nvidia is likely to be one of the first names that comes to mind. That's not surprising. Its dominance in the AI chip market has been driving outstanding top- and bottom-line growth for the company.
The good part is that Wall Street and investors are positive about Nvidia's prospects in 2024 and beyond as the AI chip market gains steam. This explains why Nvidia stock has already risen 20% in 2024. However, Nvidia's solid start to the year on the stock market has been eclipsed by Super Micro Computer (NASDAQ: SMCI), which has already clocked eye-popping gains of nearly 50% this month.
Let's look at the reasons why shares of Supermicro -- as it's more commonly known -- have been soaring and why investors should consider buying it hand over fist straight away.
Supermicro's updated guidance is stellar
In a business update provided by Supermicro on Jan. 18, the company announced significantly upgraded guidance for the second quarter of its fiscal 2024 (which ended on Dec. 31, 2023). The company -- known for providing modular server solutions, which are in solid demand as they are used for deploying AI chips -- is now anticipating fiscal Q2 revenue to land at $3.62 billion at the midpoint of its guidance range.
It was earlier forecasting $2.8 billion for the previous quarter, which means that it has increased its revenue estimate by almost 30%. Additionally, Supermicro is expecting its adjusted earnings to land between $5.40 and $5.55 per share, up significantly from the earlier range of $4.40 to $4.88 per share. The updated guidance suggests that Supermicro's revenue is set to double on a year-over-year basis, while its non-GAAP (adjusted) earnings would increase 68% from the same period last year.
The big increase in Supermicro's guidance and the impressive year-over-year growth that it is set to deliver was rewarded with a sharp jump in the company's stock price. But it is worth noting that Supermicro stock continues to trade at an attractive valuation despite its latest surge.
The company sports a price-to-sales ratio of just over 3. That's incredibly cheap when compared to Nvidia's sales multiple of 33. What's more, Supermicro's trailing earnings multiple of 39 is also much lower than Nvidia's multiple of 65. Additionally, Supermicro is trading at just 7 times forward earnings, which points toward the impressive bottom-line growth that the company is expected to deliver.
According to consensus estimates, Supermicro's earnings could increase 51% in fiscal 2024 to $17.88 per share, compared to $11.81 per share in fiscal 2023. Even better, the company is forecast to deliver impressive growth over the next couple of years as well.
Assuming Supermicro does hit $27.50 per share in earnings in fiscal 2026 and trades at the Nasdaq-100 index's forward earnings multiple of 29 then (using the index as a proxy for tech stocks), its stock price could jump to $800 in just over a couple of years. That points toward 85% gains from current levels.
A closer look at the market Supermicro serves will show you just why it could indeed deliver such outstanding growth, and why investors would do well to buy this AI stock while it is still trading at attractive levels.
AI is going to be a long-term growth driver
Supermicro's server solutions have been in terrific demand thanks to the growing adoption of AI. That's not surprising as the company claims that its server solutions "maximize [the] parallel computing power of GPUs to handle billions if not trillions of AI model parameters to be trained with massive datasets that are exponentially growing."
Supermicro offers server solutions that can be used to deploy multiple types of AI accelerators, ranging from Nvidia's popular H100 chip to Intel and Advanced Micro Devices' offerings as well. As a result, data center operators have been lining up to buy its server solutions, which can reportedly help them reduce cooling and electricity costs.
The demand for Supermicro's server racks is so strong that the company recently upgraded its manufacturing capacity to 5,000 racks a month from the earlier capacity of 4,000. So, the company's updated guidance doesn't seem surprising considering the 25% jump in its manufacturing capacity, which will help it serve a "strong market and end customer demand for our rack-scale, AI and Total IT Solutions."
With the AI server market expected to grow fivefold between 2023 and 2027, generating an annual revenue of $150 billion at the end of the forecast period, Supermicro is at the beginning of a lucrative growth opportunity. The good part is that Supermicro is setting itself up to capitalize on this massive market by investing in more capacity. According to George Wang of Barclays, the company's new facility in Malaysia, which is expected to go online in the second half of fiscal 2024, could help it generate $30 billion in revenue.
Given the solid demand for AI servers, Supermicro should ideally be able to sell almost all the capacity that it brings online. That could lead to a massive jump in the company's revenue considering that it reported a top line of $7.1 billion in fiscal 2023. As a result, investors would do well to buy this growth stock hand over fist since it could sustain its red-hot rally and soar impressively in the long run.
<<<
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$GEMZ News: GEMXX Forecasts Robust Growth Amidst Surging Demand for Ammolite Jewelry and Gold
LAS VEGAS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company"), a leading provider of exquisite gemstone jewelry and mine-to-market gold producer anticipates significant growth over the next 24 months. The Company is strategically positioned to capitalize on the burgeoning demand for ammolite jewelry and the sustained upward trajectory in gold prices.
Ammolite
With ammolite becoming the official gemstone of Canada, it has rapidly gained recognition as a rare gemstone, becoming desirable around the world for its unique history and rich colors. The gemstone’s vibrant colors and limited availability make it a prized possession. GEMXX has experienced additional demand throughout India and Asia as the gemstone appeals to a discerning clientele seeking exclusive and collectible pieces.
Gold
GEMXX Corporation’s expansion into the mining of gold reserves in Canada is a new and welcomed asset to the Company’s balance sheet. Gold adds considerable support to the Company’s “Mine-to-Market” business model in three core elements affecting long-term sustainable profitability:
First, the Company can cut its raw material costs by roughly 60% by mining its own gold for its jewelry segment. These cost savings will not only reduce the cost of goods, but the savings will also be reflected in higher and predictable profit margins.
Second, with effective mining of the gold reserves, GEMXX will be able to accumulate reserves for future funding needs for the Company. Therefore, avoiding additional dilutive fundraising by issuing stock or taking on debt to fund the Company.
Third, investors will be able to participate in a stock based on precious metals and gemstones. With the price of gold today at approx. USD $2,000 per ounce, the future looks promising for gold as it is projected to reach new highs in the coming 24 months. Furthermore, as global economic uncertainties persist, investors are turning to traditional safe-haven assets, particularly gold.
GEMXX Corporation's diversified portfolio, including its gold-related ventures, positions the Company to benefit from the ongoing appreciation in gold prices. "We are excited about the tremendous potential for growth in both the ammolite and gold markets," said Richard Clowater, President of GEMXX Corporation. "Our commitment to quality, craftsmanship and our ability to adapt to market dynamics position us for sustained success. We are confident we will be able to deliver strong returns to our shareholders," further stated Clowater.
GEMXX Corporation's financial outlook aligns with these positive market trends, and the Company remains focused on expanding its product offerings, enhancing operational efficiency, and exploring strategic partnerships to maximize shareholder value.
Investors and stakeholders are encouraged to stay updated on GEMXX Corporation's performance as it navigates the evolving landscape of the jewelry and precious metals industry.
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
For more information, please visit: GEMXX Corporation
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed. /S/ Jay Maull, CEO
GEMXX Corporation
For more information, please contact:
Corporate Communications:
Investor Brand Network (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
What do the Japanese gain? A world renowned and respected partner who can write a check for $50 billion (or much more) in a matter of minutes without having to consult with his loan committee, as a bank would. "Berkshire Cash as of 30 Sep 23: $157.2 billion"
https://www.cnbc.com/berkshire-hathaway-portfolio/
I still own all five via BRK. I see that ITOCY, as an example, was up 42% in the past 12 months. All five increased their dividends as well, I believe.
Bar, >> Sumitomo <<
Yes, I'm still kicking myself for selling those Japanese stocks that Buffett likes so much. They were up nice, but have continued to zoom. But watching N. Korea routinely lobbing missiles into the Sea of Japan has cooled my enthusiasm for that part of the world. I remember Munger saying how the rising geopolitical risks have made Asia a riskier place to invest, though he was mainly referring to China and Taiwan. He said that those five Japanese conglomerates were so phenomenally cheap, investing in them was like printing free money.
>>> Sumitomo Clarifies Buffett Comments After Trading House Stocks Jump
Bloomberg
by Shoko Oda and Stephen Stapczynski
January 16, 2024
https://finance.yahoo.com/news/sumitomo-clarifies-buffett-comments-trading-045019498.html
(Bloomberg) -- Japanese trading house Sumitomo Corp. sought to clarify that comments by its chief executive officer on new investments by Warren Buffett were referring to previous statements from Berkshire Hathaway Inc.
Shares in the trading houses — known as sogo shosha — advanced Wednesday after Barron’s quoted Sumitomo’s Masayuki Hyodo as saying Berkshire’s stake “is increasing — not only Sumitomo, but all five trading companies.”
A Sumitomo spokesperson told Bloomberg News that Hyodo’s response referred to Berkshire’s previous public comments about potentially boosting its stakes in the companies to 9.9%. Sumitomo is only aware of Berkshire’s holdings via public disclosures, and the US company currently holds 8.23% of the Japanese firm, the spokesperson said.
The so-called Oracle of Omaha traveled to Japan last April to meet with executives from the five companies for the first time. Berkshire subsequently raised its stakes in the trading houses to an average of more than 8.5%. It said in June that it hopes to eventually own 9.9% of each of the firms, and that it won’t make purchases past that point without approval from the respective boards.
The purchases by the legendary US investor helped to propel gains in the Japanese stock market last year, with the market trying to scope out what his next targets might be.
Sumitomo Corp. jumped as much as 3% on Wednesday. The other major trading houses also increased, with Mitsubishi Corp. climbing as much as 5% and Mitsui & Co. as much as 3.5%. The similar intraday gains for Itochu Corp. and Marubeni Corp. were 2.6% and 4.2%, respectively.
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