sharrocks/iStock Unreleased via Getty Images With Joby Aviation, Inc. ( JOBY ) being one of the leaders in the next frontier of transportation, I find it quite surprising myself that I haven't initiated coverage on the stock yet since my analysis is mostly tech focused. Today, I have finally decided to provide an analysis on the company and I believe it comes at an important time. As you can see i...
sharrocks/iStock Unreleased via Getty Images With Joby Aviation, Inc. ( JOBY ) being one of the leaders in the next frontier of transportation, I find it quite surprising myself that I haven't initiated coverage on the stock yet since my analysis is mostly tech focused. Today, I have finally decided to provide an analysis on the company and I believe it comes at an important time. As you can see in the stock price chart below, JOBY stock has fallen nearly 50% in the past six months. Below, I will review their most recent earnings reported in late February and also discuss some important recent developments. Seeking Alpha Below, it is shown that commercialization is nearer than ever before. Certification progress is significant and they are set for a Dubai launch later this year. While there are some risks such as further dilution and some legal risks with relation to China, the valuation's steep contraction makes the current setup opportunistic. Therefore, I'm initiating Joby stock with a Buy rating today. Certification Not Far Away Joby Q4 Shareholder Letter We will get to some financial results later in this article but at this point those numbers may be secondary in importance. Let's first take a look at regulatory and commercialization progress. As you can see above , Joby has come a long way in terms of the certification process with the FAA. The company has fully completed Stage 1 and 3 while Stage 2 is on the cusp of completion. Meanwhile for Stage 4, on the FAA side they stated that they saw record progress as there was an 18 point advance. For this industry, regulations are one of the large hurdles to commercialization and in my view the relative speed at which they are clearing these hurdles should be encouraging for investors. In early to mid March, Joby took a large step forward. It was reported that testing had begun for their first FAA-conforming electric air taxi aircraft. This has been called a key milestone and so the company continues to inch towar...
US Firm Takes Control Of One Of The "World's Largest" Cobalt Producers An American company has secured control of one of the largest cobalt producers outside Chinese ownership, delivering a strategic boost to U.S. efforts to compete with Beijing over critical minerals, according to the Wall Street Journal . The buyer, Virtus Minerals, completed its acquisition of Congo-based Chemaf for $30 million...
US Firm Takes Control Of One Of The "World's Largest" Cobalt Producers An American company has secured control of one of the largest cobalt producers outside Chinese ownership, delivering a strategic boost to U.S. efforts to compete with Beijing over critical minerals, according to the Wall Street Journal . The buyer, Virtus Minerals, completed its acquisition of Congo-based Chemaf for $30 million, along with a pledge to invest roughly $720 million. The deal caps a years-long push, spanning both the Biden and Trump administrations, to ensure U.S. access to cobalt resources in the Democratic Republic of Congo. Chemaf’s mines can supply about 5% of global cobalt output—a key material used in fighter jets, smartphones, and electric vehicle batteries. Virtus says future production will be directed toward American and allied buyers. Despite its value, Chemaf proved difficult to sell. U.S. companies were wary of its heavy debt—around $1 billion—along with reputational concerns and the challenges of operating in Congo, including weak infrastructure, corruption risks, and labor issues. The company has a controversial history. Its Mutoshi mine has faced repeated problems with unsafe working conditions and incursions by informal miners. In earlier years, child labor and bribery allegations also surfaced. Although some reforms were attempted, informal and hazardous mining has since returned. WSJ writes that Virtus itself is a small, eight-person firm founded in 2022 by Phil Braun, a former Green Beret, and Andrew Powch, a Naval Academy and Harvard Business School graduate. Backed by U.S. government support, the company positions the deal as part of a broader national security effort to rebuild supply chains. Financing for the acquisition includes $200 million from Virtus and its operating partner, India’s Lloyds Metals and Energy, along with $475 million from Orion Resource Partners and additional funding. The firm has also reached an agreement with Trafigura, Chemaf’s largest...
March marked a sharp inflection point for global markets, as geopolitical risk abruptly displaced economic resilience as the dominant driver of asset prices.
March marked a sharp inflection point for global markets, as geopolitical risk abruptly displaced economic resilience as the dominant driver of asset prices.
AvePoint, Inc. (NASDAQ:AVPT) is one of the single-digit stocks with double-digit growth potential. On March 23, William Blair downgraded AvePoint, Inc. (NASDAQ:AVPT) to a Market Perform from Outperform. The downgrade comes amid concerns about the company’s seat-based pricing model. The research is also wary of the company’s fundamental ties to Microsoft workloads, licensing, and product […]
AvePoint, Inc. (NASDAQ:AVPT) is one of the single-digit stocks with double-digit growth potential. On March 23, William Blair downgraded AvePoint, Inc. (NASDAQ:AVPT) to a Market Perform from Outperform. The downgrade comes amid concerns about the company’s seat-based pricing model. The research is also wary of the company’s fundamental ties to Microsoft workloads, licensing, and product […]
Beyond Meat (NASDAQ: BYND) stock is falling fast in Wednesday's trading. The company's share price was down 10.6% as of 3:20 p.m. ET despite the S&P 500 being up 0.7% at the same point in the day's trading. The stock had been off as much as 14.3% earlier in the session. Beyond Meat posted its fourth-quarter results after the market closed yesterday, and the report didn't bring the signs of a turna...
Beyond Meat (NASDAQ: BYND) stock is falling fast in Wednesday's trading. The company's share price was down 10.6% as of 3:20 p.m. ET despite the S&P 500 being up 0.7% at the same point in the day's trading. The stock had been off as much as 14.3% earlier in the session. Beyond Meat posted its fourth-quarter results after the market closed yesterday, and the report didn't bring the signs of a turnaround that investors were hoping for. Sales and earnings for the period came in worse than anticipated, and the company's forward guidance was also disappointing. Image source: Getty Images. Continue reading
rarrarorro Iranian leader Masoud Pezeshkian released an open letter Wednesday urging Americans to “look beyond political rhetoric and reconsider the realities of Iran’s past, present, and aspirations for a future defined not by confrontation, but by truth, dignity, and mutual understanding.” In the message, Pezeshkian argued that the perceived Iranian threat is a fabrication of the military-indust...
rarrarorro Iranian leader Masoud Pezeshkian released an open letter Wednesday urging Americans to “look beyond political rhetoric and reconsider the realities of Iran’s past, present, and aspirations for a future defined not by confrontation, but by truth, dignity, and mutual understanding.” In the message, Pezeshkian argued that the perceived Iranian threat is a fabrication of the military-industrial complex and Israeli political interests, describing it as a “manufactured narrative” designed to justify military dominance and sustain the arms industry. The Iranian leader emphasized that his country “has never, in modern history, chosen the path of aggression, expansion, colonialism, or domination, and never initiated any war.” Pezeshkian characterized recent Iranian military actions as “a measured response grounded in legitimate self-defense,” pointing to the concentration of American military bases surrounding his country as evidence of the threat Iran faces. Pezeshkian questioned whether the U.S. government is truly putting “America first” or acting as a “proxy for Israel” willing to fight “to the last American soldier.” He accused Israel of manufacturing the Iranian threat to divert global attention from its actions against Palestinians while shifting the financial and human costs onto American taxpayers and the broader region. Pezeshkian concluded the letter saying that “continuing along the path of confrontation is more costly and futile than ever before,” inviting Americans to speak with those who have visited Iran rather than relying on the “machinery of misinformation.” Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on war in Iran Iran: Future of Hormuz will be decided between Iran and Oman; Trump's ceasefire claims 'false and baseless' Pentagon expands missile supply chain with plan to triple Patriot seeker output U.S. will consider...
With one of the world’s highest benchmark interest rates among major economies, Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024. Facing working capital lines that cost upwards of two per cent a month, equivalent to roughly 27 per cent a year according to market calculations, mid-sized importers ar...
With one of the world’s highest benchmark interest rates among major economies, Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024. Facing working capital lines that cost upwards of two per cent a month, equivalent to roughly 27 per cent a year according to market calculations, mid-sized importers are securing deferred payment terms directly from Chinese suppliers through credit limits backed by...
Applied Materials shares look set to continue to benefit from recent chip-sector strength, while Broadcom’s stock should rebound as AI-chip revenue grows.
Applied Materials shares look set to continue to benefit from recent chip-sector strength, while Broadcom’s stock should rebound as AI-chip revenue grows.
Rocket Lab (NASDAQ: RKLB) just gave investors a setup that's hard to ignore. Analysts got more bullish, then management filed a $1 billion share sale program. I break down why that contradiction could unlock major growth, or expose a risk the market still isn't fully pricing in.
Rocket Lab (NASDAQ: RKLB) just gave investors a setup that's hard to ignore. Analysts got more bullish, then management filed a $1 billion share sale program. I break down why that contradiction could unlock major growth, or expose a risk the market still isn't fully pricing in.