Core Insights - The investment strategy focuses on acquiring strong businesses when they are undervalued, emphasizing a concentrated portfolio approach in various industries including telecom, banking, and technology [1] - The current emphasis is on high-quality businesses, particularly in the technology sector, which have large user bases and content libraries, highlighting the potential for cross-selling opportunities [1] - The valuation method prioritizes EBIT plus R&D investments, reflecting a belief in the long-term potential of certain R&D initiatives [1] Performance Metrics - The annual return from February 2019 to October 2024 is reported at 11.4% CAGR, which is below the market's 15.18% CAGR during the same period [1] - The investment philosophy aims to minimize portfolio turnover, suggesting that most profits will come from holding existing investments rather than frequent trading [1] Investment Philosophy - The approach does not endorse traditional "Buy" and "Sell" recommendations, instead categorizing stocks into "Strong Buy" and "Strong Sell" based on their valuation relative to exceptional business quality [1] - A "Hold" position may be initiated for high-quality businesses if their pricing is deemed unfavorable, indicating a flexible approach to investment decisions [1]

NCR Voyix (VYX) FY Conference June 11, 2025 09:50 AM ET Speaker0 Joining us today, I'm Matt Summerville with D. A. Davidson, the covering analyst for NCR Voyage. With me for a fireside chat today is Jim Kelly, the company's President and CEO. I thought I'd kick it off with just asking Jim to tell us a little bit about your background, what drew you to Voyage as a Board member originally in October of twenty twenty three at the time of separation and now what's led you into your role as CEO. Speaker1 Okay. W ...

Paysafe (PSFE) Conference June 10, 2025 02:40 PM ET Speaker0 Matthew Inglis. I'm on the fintech equity research team here at RBC, and I'm happy to have with us or with me John Crawford, CFO of PaySafe. John, thanks for being here today. Really appreciate it. Speaker1 Thanks for having me. Speaker0 So for those in the room maybe not so familiar with Paysafe, can Speaker1 you provide an overview of the company and maybe what end markets you serve between the digital wallet and merchant acquiring businesses? S ...

Core Insights - The investment strategy focuses on acquiring strong businesses when they are undervalued, emphasizing the importance of quality and price in investment decisions [1] - The portfolio has evolved through various industries, including technology, banking, and emerging markets, with a current emphasis on high-quality businesses and their competitive advantages [1] - The investment philosophy is influenced by notable investors and CEOs, highlighting the significance of learning from successful figures in the industry [1] Investment Strategy - The approach prioritizes large tech companies with extensive user bases and content libraries, recognizing the potential for cross-selling opportunities [1] - Valuation is conducted at the EBIT plus R&D level, reflecting a belief in the potential of certain R&D investments [1] - The investment performance from February 2019 to October 2024 shows an annual return of 11.4% CAGR, which is below the market's 15.18% CAGR, but there is confidence in future outperformance due to expanded knowledge [1] Portfolio Management - The strategy aims to minimize portfolio turnover, with a focus on holding existing companies rather than frequent trading [1] - The investment philosophy rejects traditional "Buy" and "Sell" recommendations, advocating for a "Strong Buy" threshold for exceptional businesses and categorizing others as "Strong Sell" to generate cash for future investments [1] - A "Hold" position may be initiated for high-quality businesses if their pricing is not favorable [1]

前言 相信上面这样的新闻大家看了不少 有好多朋友来问稳定币，为了满足大家的需求， 我用我们自己做的AI研究助理Reportify做了相关研究，具体内容请见下面。 请注意，以下内容由AI生成，内容不能保证100%正确（其实人写的内容也不能保证100%正确），因此，大家要自行鉴别。另外，以下内容不是任何形式 的投资建议，投资有风险，交易需谨慎！ 研究思路 1. 稳定币与传统支付体系的全面对比分析 领取完整报告 完整版的报告在 reportify上 想要的联系助理回复关键词 【稳定币】 2. 中美在稳定币上的最新政策 3. 详细介绍一下USDC和USDT 4. circle的收入和利润 | | | 正文开始 稳定币与传统支付体系的全面对比分析 稳定币作为区块链技术与传统金融结合的创新产物，近年来发展迅猛，已形成2500亿美元的市场规模（截至2025年5月）349 。与传统 支付体系相比，两者在技术架构、运行效率、成本结构、风险特征等方面存在显著差异。本报告将从六大维度展开深度对比，并结合香 港、美国等地的监管动态，分析未来支付体系的演进趋势。 一、核心特性对比 1. 技术架构 稳定币 采用分布式账本技术，实现点对点 ...

6 June 2025 Weekend Tech Byte: Stablecoins — are they a big deal? Harshita Rawat, CFA +1 917 344 8485 harshita.rawat@bernsteinsg.com Gautam Chhugani +91 226 842 1416 gautam.chhugani@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com Nikhil Devnani, CFA +1 917 344 8425 nikhil.devnani@bernsteinsg.com Mark L. Moerdler, Ph.D. +1 917 344 8506 mark.moerdler@bernsteinsg.com Laurent Yoon +1 917 344 8502 laurent.yoon@bernsteinsg.com Peter Weed +1 917 344 8390 peter.weed@bernsteinsg.c ...

Key Takeaways Mastercard saw 15% Y/Y cross-border volume growth and a 14% rise in payment network net revenue in Q1 2025. Growth was fueled by digital payments focus, fintech deals like Corpay and expanding international activity. MA plans to acquire FinTech Newway to offer stablecoin settlement options, boosting merchant capabilities.Mastercard Incorporated (MA) is surfing a wave of strong global momentum, driven by accelerating transaction volumes and robust consumer spending. The rise in cross-border t ...

Core Viewpoint - DLocal (DLO) shows a promising earnings outlook, with analysts raising their earnings estimates, indicating potential for continued stock momentum [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism about DLocal's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, DLocal is projected to earn $0.15 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 16% over the last 30 days, with no negative revisions [6]. - For the full year, the expected earnings per share is $0.62, representing a year-over-year increase of 21.57%, with three estimates moving higher recently and no negative revisions [7]. Zacks Rank - DLocal currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock performance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [8]. Stock Performance - DLocal's stock has gained 13.9% over the past four weeks, driven by solid estimate revisions, suggesting that its earnings growth prospects may lead to further stock price increases [9].

①创新药+减肥药+AI医药！这家公司目前已经建成多个创新药自主研发平台；②云计算+数字货币+区块链 +移动支付+智谱AI+华为！这家公司与五大行及商业银行完成数字人民币系统的对接和开发；③机器人+国 企改革！公司筹划重大资产重组聚焦清洁能源发电业务。 每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 前言 ...

Core Insights - Warren Buffett plans to step down as CEO of Berkshire Hathaway at the end of this year but will remain as chairman of the board, with expectations that his long-term investment strategy will continue to thrive [1] - A $1,000 investment in Berkshire stock in 1965 would have grown to $44.7 million by the end of 2024, significantly outperforming the S&P 500, which would have reached only $342,906 [2] Berkshire Hathaway's Dividend-Paying Stocks - Berkshire's portfolio of publicly traded securities is valued at $282 billion, with three stocks accounting for 47.7% of its total value, potentially generating $1.6 billion in dividends this year [3] 1. Apple - Berkshire holds 300 million shares of Apple, expected to yield $309 million in dividends this year, with a current value of $61 billion and a dividend yield of 0.5% [5][8] - Apple represents 21.7% of Berkshire's portfolio, and Buffett sold half of the position last year to mitigate concentration risk [6] 2. American Express - Berkshire owns 151.6 million shares of American Express, which could yield $479 million in dividends this year, with a total value of $44.9 billion, accounting for 15.9% of its portfolio [9][10] - The expected dividend yield from American Express is around 1.1% [11] 3. Coca-Cola - Coca-Cola is expected to provide $816 million in dividends this year, with Berkshire holding 400 million shares valued at $28.5 billion, representing 10.1% of its portfolio [12][13] - Coca-Cola's dividend yield is projected at 2.8%, with the company having paid $776 million in dividends last year [14][15]