DJ Booking Stock Soars on Strong Results. The Firm Expects Record Summer Travel. -- Barrons.com

5:46 PM ET 8/3/23 | Dow Jones

By Connor Smith

Booking Holdings shares were surging in late trading Thursday after the travel firm beat earnings estimates by 30% in its latest quarter and said it's bracing for a record summer travel season.

Booking -- which owns travel services sites like Booking.com, Priceline, Agoda, Kayak, Rentalcars.com, and OpenTable

 -- reported second-quarter non-GAAP earnings of $37.62 a share,

 sailing over Wall Street's consensus estimate of $28.98 a share.

 Sales of $5.46 billion beat estimates of $5.17 billion.

"We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in the third quarter," CEO Glenn Fogel said in the earnings press release. "We are particularly excited about our recently announced generative AI-enabled travel assistants at both Priceline and Booking.com, and look forward to learning which elements customers value the most."

The firm said room nights booked jumped 9% year over year, while gross travel bookings rose 15% to $39.7 billion.

Booking shares were up 11% in after-hours trading.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. 

CONSUMER NON CYCLICAL

Company profile:

The Boston Beer Company, Inc. is an alcoholic beverage company. The Company’s brands include Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard Hard Cider, Dogfish Head Craft Brewery, Wild Leaf Hard Tea and Tura Alcoholic Kombucha, as well as other local craft beer brands. The Company produces alcohol beverages, including malt beverages (beers), hard seltzer and hard cider at Company-owned breweries and its cidery and under contract arrangements at other brewery locations. The Company’s breweries include Boston Brewery, Cincinnati Brewery, Milton Brewery, Cincinnati Brewery, Milton Brewery, Pennsylvania Brewery, Samuel Adams Boston Downtown Tap Room, Dogfish Head Brewing and Eats, Angel City Brewery, Concrete Beach Brewery and Coney Island Brewery. The Company also produces distilled spirits at the Milton Brewery. Its breweries are located in Boston, Cincinnati, Milton and Breinigsville.

Headquarters

One Design Center Place Suite 850 

C/O The Boston Beer Company
Boston, MA
02210-2313 

Invested 2/02/2021

@ 1,073.4015

*Boston Beer Co to partner with Peak Processing Solutions to develop, produce, and distribute cannabis-infused beverages in Canada

6:01 AM ET 9/1/21 | Briefing.com

Peak Processing Solutions, subsidiary of Althea Group Holdings has entered into agreements with BBCCC, Inc., The Boston Beer Company, and WeedMD Rx, a subsidiary of Entourage Health Corp.Under the product development agreement, Peak will provide research and development services including laboratory support and the testing of various product formulations and recipes, for the new line of BBC productsBBC will provide Peak with funding of up to $2 mln for capital improvements associated with the development project. In addition, Peak will receive a minimum of $285,000 for each year of the Term of the agreement (totalling $1.42 mln)Under the 5 year supply and manufacturing agreement, Peak is the exclusive manufacturer of all cannabis beverages produced or sold in Canada under BBC branding, for the term of the agreementEntourage will be responsible for distribution and sales of the cannabis-infused beverages in Canada 

*DJ Maker of Sam Adams beer heads toward record stock high as hard-seltzer sales boost earnings

4:55 PM ET 4/22/21 | MarketWatch

Company Profile: 

Digital World Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, SaaS, fintech, or financial services sector in the Americas. The company was incorporated in 2020 and is based in Miami, Florida.

78 SW 7th Street
Miami, FL 33130
United States
305 735 1517

Invested 10/22/2021

@ 76.9999

Added 

@ 35.90

*DJ DJT Stock Rises for Third Day as Big Week Wraps for Trump Media -- Barrons.com

10:02 AM ET 3/28/24 | Dow Jones

By Adam Clark

Trump Media & Technology Group stock was rising on Thursday, the last trading day of this week.

Trump Media shares were up 0.9% at $66.80 in early trading.

The stock closed up 14% at $66.22 on Wednesday. That left the company valued at roughly $8 billion, making Donald Trump's approximately 60% stake worth about $5.2 billion.

The former U.S. president is barred from selling Trump Media shares until a six-month lockup period expires, but he could seek a waiver from the company's board, which includes one of his sons and several former members of his administration.

Trump Media reported revenue of $3.4 million and a loss of $49 million during the first nine months of 2023, and received a $300 million cash infusion as part of its listing via a merger with a special-purpose acquisition vehicle, or SPAC. The company operates the Truth Social platform which had five million mobile and desktop visits in February, according to data from the traffic analytics site Similarweb, making it a relatively niche social-media platform.

The company's price-to-sales valuation far outstrips even the buzziest of its social-media peers such as Reddit and Facebook and Instagram parent Meta Platforms. So far, no Wall Street analysts have put a rating or target price on Trump Media stock, according to FactSet.

If Trump Media is to go any way toward justifying its valuation on financial grounds -- beyond the meme-stock style appeal of betting on Trump's fame -- then it will likely to need to go some way toward displacing Elon Musk's microblogging platform X, which claims 550 million people visit the site monthly.

Truth Social's format is very similar to that of X, and the two companies are now fighting for the same conservative audience. One of Musk's first actions on acquiring Twitter was to reinstate Trump's account and during his period of ownership, Republican senators have sharply increased their audience on X while Democrat senators have lost followers, according to an analysis by The Economist. The highest profile content creator on X is arguably Tucker Carlson, who launched his show on the platform after splitting with Fox News.

While Musk hasn't directly commented on the public listing of Trump Media, he did say overnight on Wednesday that X accounts with more than 2,500 verified subscriber followers would get premium-tier features free, as he seeks to build its base of content creators who can attract more users.

Company Profile:

Phunware, Inc. offers software platform that equips companies with the products, solutions, and services to engage, manage and monetize their mobile application portfolios. Its software platform that equips companies with the products, solutions, and services necessary to engage, manage and monetize their mobile application portfolios. Its multiscreen-as-a-Service (MaaS) platform provides the mobile lifecycle of applications and media in one login through one procurement relationship. Its product and services include Cloud-based mobile software licenses in software development kits (SDKs) form utilized inside mobile applications, which includes, Alerts, notifications and messaging (SDK that enables brands to send messages to app users through the app), advertising (SDK that enables in-app audience monetization. Location-Based Services (module that include mapping, navigation, wayfinding, workflow, asset management and policy enforcement).

Headquarters

7800 Shoal Creek Blvd Ste 230S
Austin, TX
78757-1052

Invested 10/22/2021

@ 8.112

Company Profile

Sangoma Technologies Corporation is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. The Company is engaged in the development, manufacturing, distribution and support of voice and data connectivity components for software-based communication applications. Its product line includes data and telecom boards for media and signal processing, as well as gateway appliances and software. Its product portfolio includes technology and appliances, such as session border controllers (SBCs), a suite of Microsoft Skype for business-certified products, Internet protocol private branch exchange (IP-PBXs) based on FreePBX, voice over Internet protocol (VoIP) gateways, PBXact unified cloud communications (UCC) services, session initiation protocol (SIP) trunking services, fax-over-IP services, call tapping, call center software, and signaling gateways for enterprise, among others.

Headquarters

100 Renfrew Drive, Suite 100
Markham, ON
L3R 9R6

Invested 9/22/2021

@ 2.55

 ***SANGOMA TECHNOLOGIES CORP (FRM SANGOMA.COM) REVERSE SPLIT @ 1:7 INTO 80100R408 

*Sangoma Named In 2021 Gartner(R) Magic Quadrant(TM) for Unified Communications as a Service, Worldwide

1:12 PM ET 10/20/21 | GlobeNewswire

*Sangoma Announces Special Meeting of Shareholders for Proposed Share Consolidation in Contemplation of Potential Listing on a U.S. National Stock Exchange

5:05 PM ET 8/30/21 | GlobeNewswire

Sangoma Announces Special Meeting of Shareholders for Proposed Share Consolidation in Contemplation of Potential Listing on a U.S. National Stock Exchange

MARKHAM, Ontario, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Sangoma Technologies Corporation ("Sangoma") (TSXV: STC), a trusted leader in delivering cloud-based Communications-as-a-Service ("CaaS") solutions, announces that it will host a virtual special meeting of shareholders at 10:30am (Toronto time) on Thursday, September 23, 2021 (the "Meeting"). Sangoma has set Tuesday, August 24, 2021 as the record date (the "Record Date") for determining the shareholders entitled to receive notice of and vote at the Meeting.

In light of the ongoing COVID-19 pandemic and to proactively deal with this unprecedented public health impact, the Meeting is scheduled to be held as a virtual-only meeting conducted by live audio webcast at https://meetnow.global/MZTQ6WD. The virtual Meeting will be accessible online starting at 9:30 a.m. (Toronto time) on September 23, 2021 and commence at 10:30 a.m. (Toronto time). Shareholders, regardless of geographic location or equity ownership, will have an equal opportunity to attend the Meeting online. Shareholders will not be able to attend the Meeting in person. Shareholders are urged to vote well before the proxy deadline of 10:30 a.m. (Toronto time) on September 21, 2021.

Sangoma welcomes all registered shareholders and duly appointed proxyholders who wish to participate in the online Meeting to do so by joining the live webcast available at https://meetnow.global/MZTQ6WD. As usual, only registered shareholders and duly appointed proxyholders will be allowed to vote and intervene during the live Meeting. Unregistered shareholders and guests will be able to attend the online Meeting via the live webcast available at the same link.

At the Meeting, shareholders will be asked to approve a special resolution to authorize Sangoma's board of directors (the "Board") to effect a consolidation (the "Consolidation") of its common shares (the "Common Shares") based on a consolidation ratio within the range of one (1) post-consolidation share for every two (2) to twenty (20) pre-consolidation shares (the "Consolidation Resolution"). The details of the proposed Consolidation are included in a management information circular (the "Circular") which is being mailed to shareholders in compliance with applicable laws. The Circular is available under Sangoma's profile on SEDAR at www.sedar.com and Sangoma's website at www.sangoma.com under Investor Relations. Sangoma encourages shareholders to vote and submit their proxies prior to the Meeting. 

Company Overview:

Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana. 

Headquarters:

1351 Holiday Square Boulevard
Covington, LA 70433
United States
985 335 1500 

Invested 8/30/2021

@ 2.28

*MW Globalstar stock rockets after report says Apple could add satellite communications to next iPhone

10:39 AM ET 8/30/21 | MarketWatch

Shares of Globalstar Inc. (GSAT) are up 49% in Monday morning trading after a report indicated that Apple Inc. (AAPL)may be looking to add satellite communications to its next iPhone and could work with Globalstar to do so. MacRumors cites a report from analyst Ming-Chi Kuo saying that Apple's iPhone 13 will offer low-earth orbit (LEO) satellite communications that will let users send messages or make calls even if they don't have 4G or 5G cellular connections. The iPhone 13 will have a custom Qualcomm Inc. (QCOM) chip that supports satellite communications, per the report. Globalstar declined to comment on the report. Apple didn't immediately respond to MarketWatch's request for comment. Globalstar shares have increased 530% over the past 12 months as the S&P 500 has risen 29%.

Company Overview

Fantasy 360 Technologies Inc. operates as a sports entertainment and technology company. The Company develops virtual and augmented reality video games. Fantasy 360 Technologies serves customers worldwide. 

Headquarters

128 West Hastings Suite 300 

VANCOUVER, BC 

V6B 1G8 Canada 

Invested 5/21/2021

@ $0.13

Added to Investment 11/11/2021

@ $0.3875

Company Overview:

Draftkings Inc. is a digital sports entertainment and gaming company. The Company provides users with daily fantasy sports, sports betting and iGaming opportunities. Its offerings include business-to- consumer (B2C) offerings and business-to-business (B2B) offerings. Its B2C product offerings include Daily Fantasy Sports, Sportsbook and iGaming. Daily Fantasy Sports is a peer-to-peer platform in which its users compete against one another for prizes. Sportsbook includes sports betting, which involves a user placing a bet by wagering money on an event at some fixed odds (proposition) determined by the Company. iGaming is an online casino, which includes a suite of games available in land-based casinos, such as blackjack, roulette and slot machines. It also supplies B2B sports betting and iGaming services for various gaming operators and government-run lotteries.

Headquarters

222 Berkeley Street, 5Th Floor
Boston, MA
02116 

Invested 6/07/2021

@ 52.7077

Company Overview

Chewy, Inc. is an online seller of branded and private-label pet food and grooming supplies. The Company’s brands include A Pet Hub, A&E Cage Company, ABO Gear, Acurel, Addiction, Advance, Advantage, Apocaps, Atopia, Audbudon Part and Ark Naturals. The Company's product offerings by categories include tablet, chewable tablet, solution, capsule, injectable, suspension and ointment. The Company offers over 1600 brands with its operation in 13 locations. The Company offers its products and services through its Website and mobile applications.

Headquarters

1855 Griffin Rd Ste B-42
Dania Beach, FL
33004-2200

Invested on 6/14/2019

@ 36.00

*Chewy beats by $0.17, reports revs in-line; guides JulQ revs in-line; reaffirms FY23 revs guidance

4:12 PM ET 6/1/22 | Briefing.com