(RTTNews) - Cboe Global Markets, Inc. (CBOE) on Wednesday said it has agreed to sell its Canadian and Australian equities exchanges, Cboe Canada and Cboe Australia, to TMX Group Limited for $300 million.
(RTTNews) - Cboe Global Markets, Inc. (CBOE) on Wednesday said it has agreed to sell its Canadian and Australian equities exchanges, Cboe Canada and Cboe Australia, to TMX Group Limited for $300 million.
Top computer chip equipment maker ASML will not be a bottleneck for the industry, as it was early in the decade, its CEO said on Wednesday, pointing to recent investments in capacity and productivity improvements. Being a bottleneck "is something we will avoid by all possible means; it is essential to maintaining our current position," CEO Christophe Fouquet told investors at the company's annu...
Top computer chip equipment maker ASML will not be a bottleneck for the industry, as it was early in the decade, its CEO said on Wednesday, pointing to recent investments in capacity and productivity improvements. Being a bottleneck "is something we will avoid by all possible means; it is essential to maintaining our current position," CEO Christophe Fouquet told investors at the company's annual general meeting in the Dutch city of Veldhoven. His comments came after ASML's first-quarter results last week showed the company is continuing to benefit from surging demand for AI chips and related memory chip shortages.
tolgart/iStock via Getty Images Investment Thesis In February, after a weak Q3 report, I recommended tactically holding stocks and waiting for the release of the Q4 report, as there were concerns that the report might be weaker than expected. However, DXP Enterprises, Inc. ( DXPE ) was pleased with the advance of the consensus forecast for both revenue and EPS. Against the background of a good rep...
tolgart/iStock via Getty Images Investment Thesis In February, after a weak Q3 report, I recommended tactically holding stocks and waiting for the release of the Q4 report, as there were concerns that the report might be weaker than expected. However, DXP Enterprises, Inc. ( DXPE ) was pleased with the advance of the consensus forecast for both revenue and EPS. Against the background of a good report, the stock has grown even more, and since my Buy recommendation in October last year, the total growth has been about 27%. The strategy chosen by the management to diversify the business and reduce dependence on oil and gas makes revenue more stable and more predictable. At the same time, due to the growth of financial indicators, the multiples have decreased slightly, and for many of them, the company's shares are now trading at a discount to the sectoral median values. Considering the financial situation and the current multiplier rating, I am upgrading the rating from Hold to Buy. According to my estimate, by building a DCF model, the fair value of the shares is $185 in the baseline scenario with an upside of 14.5% to the current price ($161.7 at the time of writing). Strong Quarter Driven by Organic Growth and IPS Expansion The latest key event in the company's business is related to the release of the Q4 financial statements and the market's reaction to the demonstrated results. I liked the results of the published report. The company managed to beat market expectations in terms of revenue and EPS. I would like to analyze key aspects of the reporting so that further forecasts for Q1 from the next chapter (the report is due out in May) are more understandable to the reader. But before that, I recommend that you read my first two articles about the company, where I have analyzed in detail all the company's activities, its business model , and its development strategy. Investor Presentation Revenue for the quarter increased by 12% yoy to $527.4 million . For compariso...