Major market indexes continued to post a consistent equity advance for the third quarter of 2024. The DJIA advanced by 8.3%. The S&P 500 increased by 4.9% and the NASDAQ Composite index grew by 2.6%. As for the Gnostic Global…
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Palantir Technologies Inc. (PLTR-NASDAQ, $32.70) to be Added to the S&P 500 Index.
Palantir Technologies will replace American Airlines in the coming reconfiguration of the index. The pending addition to the S&P 500 index caps off a news heavy quarter with Palantir producing a variety of releases, on a number of fronts, affirming…
Posted in Open Blog
Adyen NV (ADYEY-OTC, $13.92) EBITDA Margin Improving on Strong US Revenue Growth.
Adyen reported revenues and profits for the first half of fiscal 2024 somewhat ahead of previously reduced guidance. First half revenues surpassed $1 billion US with EBITDA pushing past $460 million US, for an overall EBITDA margin of 46.3%. Net…
Posted in Open Blog
Gnostic Portfolio Return for the Quarter Ended 06/30/24
For the Q2 2024 fiscal quarter, the DJIA produced a return of -1.7%. The S&P 500 index appreciated by 3.9%. The NASDAQ composite index appreciated by 8.2%. In contrast, the Gnostic Capital Portfolio declined from $1,009.14 to $1,004.40, a fall…
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Moves by the New Leftist Government in Mexico to Remove Judiciary Powers and Regulatory Oversight Potentially Represent a Threat to Current Airport Concessions.
The supermajority Mexican Morena party government have cast a legitimate pall upon any Mexican business operating with a government granted concession. A 2/3 elected majority are highly likely to push through sweeping revisions to the Mexican constitution. Among the constitutional…
Posted in Open Blog