Category: Financial Services

Research – QuoteMedia, Inc. (QMCI) – Second Quarter Results Indicate Favorable Momentum

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Wednesday, August 14, 2019

QuoteMedia, Inc. (QMCI)

Second Quarter Results Indicate Favorable Momentum

QuoteMedia, based in Fountain Hills, Arizona, provides cloud-based financial data, market news feeds, and financial software solutions. Its customers include financial service companies, online brokerages, clearing firms, banks, media portals, public corporations and individual investors. The company provides a single source solution providing products such as streaming quotes, charting, historical data, technical analysis, news and research. Information can customized and provided to multiple platforms including terminals and mobile devices.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Solid second quarter.  Total company revenues of $2.985 million increased an attractive 6.7%, in line with our $2.970 million revenue estimate. Operating cash flow (adj. EBITDA) was slightly better than expected at $0.577 million versus our estimate of $0.513 million.
  • Attractive sequential growth.  The second quarter represented an attractive 4% sequential revenue growth from the first quarter, one of the company’s best performances since…



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Kelly Services (KELYA) – Will the Second Half of 2019 Be Better than the First Half?

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Thursday, August 8, 2019

Kelly Services (KELYA)

Will the Second Half of 2019 Be Better than the First Half?

Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • 2Q19 Results. Kelly Services reported revenue of $1.37B, down 1.4% for the quarter, and EPS of $2.12, although this number includes a number of positive items, compared to a loss of $0.40 in the same period last year. On a like basis, EPS would have been $0.-— compared to $0.54 last year.
  • Top Line The Issue. A difficult top line is the reason behind the miss, with comparable sales…




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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Kelly Services (KELYA) – Initiating Coverage; A Leading Staffing Company Poised for Additional Growth

Posted on by Admin

Monday, July 29, 2019

Kelly Services (KELYA)

Initiating Coverage on a Leading Staffing Company Poised for Additional Growth.

Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Initiation of Coverage. We are initiating coverage of Kelly Services with an Outperform rating and $32 12-month price target. At our price target, KELYA shares would trade at 12.9x our projected 2019 EPS and 8.8x our projected EBITDA, in-line with its peer group.
  • A Market Leader. One of the pioneers of the staffing industry, Kelly is the fourth largest U.S.-based staffing firm with leading positions in…



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

News – Buybacks: Who benefits?

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Why Corporate
Share Repurchases Are Brewing Controversy

(Note:
all the sources listed in the “Balanced” section)

Proponents
of tax cuts that went into effect in 2018 argued it would make corporations
more competitive and stimulate higher wages for employees and increase capital
investment.  Critics suggested the cuts
would benefit the wealthy with savings directed toward increasing executive
compensation tied to stock performance and returning capital to shareholders in
the form of higher dividends and share repurchases.  With a surge in corporate stock repurchase announcements
in 2018, buybacks could attract more attention, particularly from Democratic
lawmakers who took control of the House in January.   

News – Robinhood: Could it steal customers from the banks?

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Robinhood turns personal finance upside down – again

(Note: all the sources listed in the “Balanced” section) 

Robinhood shocked both regulators and the financial industry when the stock-trading app announced in December that it would offer a no-fee checking and savings accounts that will pay a whopping 3% in interest. This will press traditional banks to compete given the current average U.S. savings account rate is 0.09%.

Robinhood first sent a shock to the brokerage system by allowing online investors to buy stocks, ETFs, options, and cryptocurrencies all free of commission in 2015. With its latest move, Robinhood could turn the financial industry on its head once again.