Dell Stock Rises Amid AI Optimism From Bank Of America Analyst
~0.9 mins read

Dell Technologies (DELL) stock has the potential to significantly outperform next year because of “multiple catalysts,” including artificial intelligence (AI) demand, according Bank of America analyst Wamsi Mohan.

The tech giant's AI hardware revenue and margins on deferred revenue suggest "there will be material [earnings per share] EPS upside over time," Mohan wrote in a note Thursday.

He added that PC shipment cycle and storage margins improvement at Dell “should drive incremental upside as well.”

Mohan maintained a "buy" rating on the stock, “on AI upside in servers, PC refresh, and strong capital return." He also kept BofA's $180 price target.

Shares of Dell Technologies hit an all-time high last month after Morgan Stanley also praised the company’s AI momentum. The stock price has lost ground since then after earnings failed to impress investors, but it’s still up roughly 79% so far this year. Dell shares were about 2.5% higher at $135.20 on Thursday at 3:45 p.m. ET.

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World Cup Qualifiers: I Can’t Beg Osimhen To Play For Super Eagles — Head Coach Finidi George
~1.3 mins read

Super Eagles’ head coach, Finidi George has said he can’t beg the team’s poster boy, Victor Osimhen, to play for the team in the ongoing World Cup qualifiers.

This comes amidst widespread backlash following Super Eagles ‘underwhelming’ performance that saw the team taking the fifth place in the six-team table.

Recall that the Super Eagles failed to win any of their first four games against Lesotho, Zimbabwe, South Africa and Benin in the ongoing World Cup Qualifiers.

Opening up on the turmoil he faced in his first few weeks in charge of the Super Eagles, Finidi said he has not received much support from his employers the NFF and he did not hesitate to fault the commitment of the players to the cause of the national team.

A source told SCORENigeria that Finidi used Osimhen to drive home his point that the country’s top stars are not fully committed to the Super Eagles.

Osimhen was not available for the two all-important World Cup qualifiers with an official explanation that he was injured and sidelined for four weeks.

“Finidi said the Napoli striker could still have managed to play these matches.

The coach will go on to say that it appears that Osimhen chooses the games he plays for Nigeria and he cannot beg him to play for his country,” the source said.

The former Enyimba coach also bemoaned the complete breakdown of discipline in the team and was totally disappointed with how the players strolled into training camp for the crucial World Cup qualifiers.

He said many of these players have the backing of some powerful NFF Board members and that it became increasingly difficult to sanction them because he would often be warned that a player “belonged” to a certain “big man”.

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An Overview Of Alta Equipment Group Inc.’s Balance Sheets, 2019-2023
~1.6 mins read
In this article, we’ll take a closer look at Alta Equipment Group Inc.’s KPIs from the balance sheet, and the first one will be its cash for the past five years:
The company’s low cash reserves, likely acquired through debt, render it susceptible to unforeseen events and emergencies, but at the same time, the company’s constantly growing accounts receivable might make the financial situation more or less stable.
Its inventories are growing with revenue, which is a sign of the company’s efficiency since it manages to find ways to sell goods and increase revenue. However, the constantly rising value of PP&E tells us that the market is quite competitive and requires a lot of investments to stay in business.
For a few years, Alta Equipment Group Inc. was heavily reliant on short-term debt, but over time it transitioned into using long-term debt instead, which provided a layer of security against sudden increases in interest rates.
Its debt-to-equity ratio is consistently rising and has surpassed the typical value investor threshold of 2 due to shareholders’ equity staying at the same levels and debt growing year over year.
Alta Equipment Group Inc.’s return on equity and return on assets are both inconsistent and fluctuate greatly. It’s not surprising, since the company has suffered losses for some years and only recently started to have positive net income.
Its current ratio is steadily growing and is currently higher than 1, which means that there are more current assets than current liabilities, which is good because it makes the company’s financial situation more stable.
To sum up, the company’s balance sheet is somewhat okay, but it could have been better: the cash amounts are low, there are no retained earnings, efficiency KPIs such as ROA and ROA are unstable, etc. At least, we can rest assured that Alta Equipment Group Inc. possesses a strong foundation and will not succumb to emergencies.

Additional charts from balance sheets and other financial statements
You’re Not Ready For Marriage And Having Kids If You Don’t Have Your Own Money — BBN Doyin Tells Women
~0.2 mins read

Reality TV Star Doyin has told women not to consider themselves ready for marriage except they are financially independent.

She made the disclosure on her social media page, as she tried to encourage women to seek financial independence as against depending on men for everything.

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How Nasdaq Makes Money
~2.0 mins read

Nasdaq Inc. (NDAQ) is a global technology company providing data, analytics, software, and services to the capital markets industry. The company is best known as the operator of the Nasdaq Stock Market, the largest single venue of liquidity for trading U.S.-listed cash equities. The company offers data, analytics, software, exchange capabilities, and client-centric services.

Nasdaq's competitors include Cboe Global Markets Inc. (CBOE), Miami International Holdings Inc., or MIAX, and the Intercontinental Exchange, Inc. (ICE), owner of the New York Stock Exchange (NYSE). Nasdaq provides products and services in three business segments: Capital Access Platforms, Financial Technology, and Market Services.

For FY2023, Nasdaq reported net revenues of $3.9 billion, an increase of 9% over 2022 year-over-year (YOY). The company's Capital Access Platforms contributed the most to revenue due to the inclusion of revenues from the acquisition of Adenza, higher trade management services revenues, and higher market technology revenues. Nasdaq's operating income for the same period was $1.58 billion.

Nasdaq was founded in 1971 as a subsidiary of FINRA, which fully divested its ownership of Nasdaq in 2006. The Nasdaq Stock Market became an independent registered national securities exchange in 2007.

In 2008, Nasdaq and OMX AB merged into The NASDAQ OMX Group, Inc., a global exchange company offering technology that powers its exchanges and markets and other global marketplaces. The company was rebranded as Nasdaq, Inc. in 2015.As of 2024, Adena T. Friedman is the Chair and CEO of Nasdaq, Inc.

In 2023, Nasdaq acquired Adenza, whose AxiomSL and Calypso platforms, provide risk management, regulatory reporting, and capital markets software solutions.

The Nasdaq is an electronic stock exchange, which facilitates trades through approved broker-dealers. There is no trading space filled with brokers and agents as seen on the New York Stock Exchange—all trades are done through computerized systems.

The Nasdaq stock exchange is owned by Nasdaq, Inc., the company that created the exchange. The name of the exchange is the acronym for the National Association of Securities Dealers Automated Quotation System.

The company's headquarters is located in New York, NY.

Nasdaq, Inc. provides technology and analytics solutions to support investment and asset managers. The company also focuses on financial crime and compliance solutions. Nasdaq operates trading services in North America and Europe. In the U.S., the company hosts Nasdaq PHLX, Nasdaq Options Market, Nasdaq BX Options, Nasdaq ISE, Nasdaq GEMX, and Nasdaq MRX.

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Customs Intercepts N4.1 Billion Illicit Dr¥gs Imported From Canada And India At Tin-Can Port
~0.8 mins read

The Nigeria Customs Service (NCS) says it has intercepted hard dr¥gs worth over N4.1 billion imported from Canada and India at the Tin Can Island Port within the period of one month.

The Comptroller General of Customs Bashir Adewale Adeniyi disclosed this while addressing newsmen in Lagos on Friday, June 14, 2024.

He said that NCS is pleased to provide an update on yet another seizure of two containers of unwholesome importations comprising of 01x40ft container of regulated unregistered pharmaceutical products and another 01x40ft container of illicit psychotropic substances seized by Tin Can Command of the Service. “Details of the seized containers are as follows: Three plastic drums concealing several packets of Cannabis Indica; 46 bags containing 2,144 packets of Cannabis Indica all weighing 1,072kilogrammes (kg) seized from 1x40ft Container No. GAOU 669921/5 imported from Canada. The approximate street value of the illicit substances is N3, 216,000,000.00.

877 cartons of Barcadin cough syrup with codeine, 200 bottles of 100ml per carton; and 82 cartons of Really Extra Diclofenac Sodium 50mg tablets – 600 packs per carton imported from India was also seized. The approximate street value of the cough syrup is N964,339,348.00,” he said.

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