INVESTLB / TOPICS & PERSPECTIVES
Stock markets and indexes
23 publications
INVESTLB
Five promising oil and gas stocks
World oil prices are recovering and have surpassed the $80 per barrel mark. Saudi Arabia is cutting production, the US is replenishing its strategic reserve of "black gold", and Russian oil producers are benefiting from the weak ruble. In these favourable oil price rises, we have researched the oil and gas sector and made recommendations.
INVESTLB
Block's strategy is delivering results
In Q2 2023, Block's total fintech revenue grew 26% YoY to $5.53bn, well above the consensus estimate of $5.18bn. Excluding bitcoin revenue, Block's revenue recorded a 20% YoY increase to $3.14bn. By segment, transactional revenue grew by 11% YoY to $1.64bn. One of the main drivers of transactional revenue growth was a 15% YoY increase
INVESTLB
Freeport-McMoRan capitalization reached our estimate
Freeport-McMoRan shares again provided an opportunity to make money on their high volatility. The company reported strong production results and financials for 2Q and 6M 2021. We believe that the fundamentals remain valid. We therefore maintain our target price on FCX shares and upgrade our recommendation to "Buy". We reiterate our June 2022 target price