NVIDIA's NASDAQ: NVDA stock price has skyrocketed in recent years, driven by its association with artificial intelligence (AI) and the massive spending on data center expansion. The AI boom has made NVIDIA a market darling, but its valuation has soared alongside its stock price.
Cool Company Ltd. (CLCO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Cool Company reported Q2 2024 revenues of $83.4 million, driven by strategic long-term charters and efficient fleet management, despite some operational challenges. The company's fleet modernization, with the upcoming delivery of two new vessels, positions it well to capitalize on growing global LNG demand, particularly in Asia. The massive 13.7%-yielding dividend remains well-covered, and is likely to remain so.
Cool Company Ltd. (NYSE:CLCO ) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Richard Tyrrell - CEO John Boots - CFO Conference Call Participants Alexander Bidwell - Webber Research & Advisory Liam Burke - B.
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Concern remains about a wider conflict in the Middle East, where some of the world's biggest crude producers are based.
Shares of Snap (SNAP) were hit hard in extended trading Thursday, dropping after the Snapchat parent offered a third-quarter revenue forecast that disappointed investors.
The world of cryptocurrency is still a developing thesis, with some raging bulls on every coin out there and others calling the asset class a complete scam and Ponzi scheme. Whether one side is right or wrong is up for debate, but one thing remains true: investor and trader psychology and behavior.
It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. Cool Company (CLCO), Corcept Therapeutics (CORT), TXO Partners (TXO), & JOYY (YY) are well-poised to gain.
Cool Company operates a fleet of 11 LNG vessels and has two new build vessels on the way. The LNG market is rapidly expanding, running the risk of an oversupplied condition in the shipping market. Cool Company's balance sheet is stress tested to determine the stability of its 14% yield.
CLCO, ITOCY and MONDY made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 3, 2024.
SGRP and CLCO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 26, 2024.