Market Overview - The stock market has experienced a cooling off period as it closed May and began June, which is seen as a healthy recalibration following a bullish stretch and a significant surge from the October 2023 lows [1] - The recent pullback is expected to create more attractive buying opportunities for strong stocks, emphasizing the importance of staying exposed to the market and buying into weakness [1] Investment Opportunities - Investors looking to buy stocks in June are encouraged to consider cheap stocks trading for $10 or less, which have strong Zacks Ranks due to improving earnings outlooks [2] - Stocks priced under $10 can be categorized into penny stocks (under $5) and stocks priced between $5 and $10, with the latter generally being less risky but still speculative [3][5] Penny Stocks - Penny stocks, defined as securities trading for less than $5, are often avoided by investors due to their speculative nature and infrequent trading, which can lead to excessive volatility [3][4] - Despite the risks, some penny stocks can perform exceptionally well, maintaining their attractiveness [4] Stocks Under $10 - Stocks trading in the $5 to $10 range are generally less risky than penny stocks, and investors may be more familiar with these companies [5] - A selective approach can yield winning stocks under $10, with specific screening parameters to identify potential investments [6] Inter & Co. Inc. - Inter & Co. Inc. is highlighted as a promising stock under $10, serving as the holding company for Grupo Inter and offering a comprehensive digital financial app known as the Super App, which serves over 32 million customers across the Americas [9][10] - The company is projected to grow its revenue by 21% in 2024 and 17% in FY25, reaching $1.34 billion, with adjusted earnings expected to increase by 153% this year and 37% next year [11] - Inter & Co. shares have increased by 85% over the last year, outperforming its industry, but have recently pulled back below its 50-day moving average, indicating potential testing of its 200-day moving average [12]

Core Insights - Inter&Co has received its first AA+.br long-term issuer and deposit ratings from Moody's, indicating a strong financial position and growth in profitability [1][2] - The ratings reflect Inter's robust capital levels, low funding costs, and effective risk management practices [2][3] - CEO Joao Vitor Menin emphasized the company's commitment to exceptional service and the fulfillment of its 60-30-30 plan, which aims to maintain asset quality and capital levels [3] Company Overview - Inter&Co operates as a financial super app serving over 32 million customers across the Americas, offering a wide range of services including banking, investments, mortgages, credit, insurance, and cross-border payments [4] - The company features a dynamic marketplace that connects consumers with shopping discounts, cashback rewards, and exclusive event access, focusing on innovation and member experiences [4]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Group 1 - Inter&Co Inc. announces the acquisition of the remaining 50% of Granito, a merchant acquirer serving over 100,000 SMEs in Brazil, for $110 million BRL [1][3] - This acquisition is expected to enhance Inter's portfolio, generate operational synergies, and create cross-selling opportunities within its financial super app [1][2] - The transaction aims to strengthen Inter's position as a preferred partner for entrepreneurs in Brazil, reinforcing its value proposition as a comprehensive digital platform [2][3] Group 2 - The acquisition will rename Granito to Inter Pag and is part of Inter's strategy to disrupt the financial services industry by providing a full suite of solutions for business owners [3] - The completion of the transaction is subject to approval by the Central Bank of Brazil and other regulatory conditions [4] - Inter&Co serves over 32 million customers across the Americas, offering a wide range of financial services and a dynamic marketplace [5]

. ● . Intrepid Metals Completes Initial Drill Program at Its Corral Copper Property in Arizona May 28, 2024 7:00 AM EDT | Source: Intrepid Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce its initial drill program on the Company's Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona has been completed on time and on budget. A total of 25 holes were drill ...

About Inter&Co Inter&Co (NASDAQ:INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneer financial super app serving over 32 million customers across the Americas. The Inter&Co ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee ...

BELO HORIZONTE, Brazil, May 20, 2024 (GLOBE NEWSWIRE) -- Inter&Co (NASDAQ: INTR), the financial super app serving over 32 million customers across the Americas, announced today that S&P Global Ratings (S&P) has upgraded Banco Inter outlook to "Stable" and reaffirmed its "brAA+" local rating. In the report S&P stated that: "The stable outlook reflects our view that Inter&Co will continue to improve its profitability, providing greater stability to the business." About Inter&Co Inter&Co (NASDAQ: INTR), the co ...

winter&co EARNINGS PRESENTATION | 1Q24 These forward-looking statements are based on Inter's expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, ...

BELO HORIZONTE, Brazil, May 09, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32))), the premier financial super app that provides financial and digital commerce services to over 31 million customers, today reported financial results for the first quarter of 2024. Highlights: Record net income of R$195 million. A 37% YoY increase in net revenue.Transactional Volume (TPV) increased to R$257 billion.A 5th consecutive quarter of increased account activations, reaching 54.9%. Inter&Co reported s ...

Financial Performance - Gross Loan Portfolio increased to R$31,020,837 thousand in 2023, up from R$24,543,993 thousand in 2022, representing a growth of 26.5%[25] - SG&A expenses totaled R$2,412,527 thousand in 2023, slightly up from R$2,392,061 thousand in 2022, indicating a marginal increase of 0.8%[26] - Efficiency Ratio improved to 54.5% in 2023 from 72.2% in 2022, reflecting enhanced operational efficiency[28] - Return On Average Equity (ROAE) was 4.8% in 2023, a significant recovery from a loss of (0.2)% in 2022[29] - Net Fee Revenue rose to R$1,544,488 thousand in 2023, up from R$1,227,268 thousand in 2022, marking an increase of 26%[33] - Total Gross Revenue reached R$8,079,000 thousand in 2023, compared to R$5,986,000 thousand in 2022, reflecting a growth of 35%[40] Risk Management - Cost of Risk increased to 5.5% in 2023 from 5.2% in 2022, indicating a rise in credit risk[31] - Liquidity risk management structure is designed to monitor and prevent breaches of liquidity ratio limits[744] - Market risk includes potential losses from fluctuations in stock prices, interest rates, exchange rates, and commodity prices[745] - Operational risk arises from failures in internal processes, people, systems, or external events, with processes in place to mitigate these risks[746] Funding and Costs - Funding increased to R$43,513,032 thousand in 2023 from R$32,516,818 thousand in 2022, a growth of 33.7%[36] - Cost of Funding rose to 7.6% in 2023 from 7.1% in 2022, indicating higher interest expenses relative to funding[38] Interest Income and Portfolio Growth - As of December 31, 2023, the net interest income and income from securities and derivatives increased to R$3,208,088 thousand, up from R$2,335,429 thousand in 2022, representing a growth of approximately 37.3%[46] - The net interest margin (NIM) improved to 7.4% in 2023, compared to 6.7% in 2022, indicating enhanced efficiency in generating interest income[46] - The average interest-earning portfolio rose to R$43,289,368 thousand in 2023, up from R$34,759,632 thousand in 2022, reflecting a growth of about 24.5%[46] - The NIM excluding the credit card transactor portfolio increased to 8.7% in 2023 from 7.8% in 2022, highlighting the company's ability to generate interest income from its asset portfolio[50] Loan and Securities Growth - The total loans and advances to customers, net of provisions for expected loss, reached R$27,900,543 thousand in 2023, compared to R$21,379,916 thousand in 2022, marking an increase of approximately 30.5%[43] - The amount due from financial institutions, net of provisions for expected loss, decreased to R$3,718,506 thousand in 2023 from R$4,258,856 thousand in 2022, a decline of about 12.7%[43] - The securities held by the company increased significantly to R$16,868,112 thousand in 2023, up from R$12,448,565 thousand in 2022, representing a growth of approximately 35.5%[43] - The credit card transactor portfolio also grew, reaching R$7,490,011 thousand in 2023, compared to R$5,411,798 thousand in 2022, an increase of about 38.5%[50] Strategic Initiatives - The company continues to focus on expanding its market presence, particularly through the acquisition of Inter&Co Payments in the United States, aiming to integrate operations and enhance growth opportunities[58] - The company emphasizes the importance of client acquisition cost (CAC) as a metric to monitor the efficiency of its growth strategies, reflecting its commitment to optimizing operational expenses[55]