Daqo New Energy Corp. was downgraded to Hold due to ongoing industry overcapacity and delayed recovery in polysilicon prices. The company reported a 78.5% drop in Q1 revenues year-over-year and a net loss of $88.4 million, partly because it stopped sales to avoid selling below cost. Despite the downturn, Daqo maintains a strong balance sheet with $1.87 billion in liquidity and no debt, supporting its long-term survival. Industry consolidation is slow due to government reluctance, so investors are advised to be patient before considering buying shares around $15 each.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
