John Christensen reviews a map of his forest in Corbett, Oregon, near the Columbia River on July 17, 2024. (Rian Dundon/Oregon Capital Chronicle)A small statue of St. Francis sits on a stump holding court in Julie and John Christensen’s forest in Corbett. The patron saint of animals and ecology is at home among the couple’s 70-acres of Douglas firs, cedars and hemlocks near the Columbia River. The Christensens moved to Corbett, a small, unincorporated town 30 miles outside of Portland, in 1984, intending to make it a communal home for themselves and friends they’d met through Julie’s work as a Catholic…
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These three fundamentally strong stocks can deliver impressive returns in the future. In the past couple of years, artificial intelligence (AI) emerged as one of the key investment themes on Wall Street. The frenzy surrounding AI is not without reason — it presents a set of technological tools and innovations that transform entire industries and functional disciplines. Wall Street had to jump on this bandwagon, and subsequently, many AI-powered stocks soared to dizzying highs. Some of these stocks are still going strong and can generate impressive returns in the next few years, especially for investors with around $50,000 to spare…
Tuesday, BMO Capital Markets adjusted its outlook on SAP AG (NYSE: NYSE:) shares, raising the software giant’s price target from $248.00 to $265.00 while maintaining an Outperform rating. The adjustment follows SAP’s recent financial disclosures, which revealed a solid current cloud backlog and free cash flow (FCF) that significantly exceeded both the analyst’s and the consensus expectations. The analyst from BMO Capital highlighted that SAP’s implied fourth-quarter FCF guidance appears to be very conservative. Despite this, the company has shown a potential decrease in its fiscal year 2024 cloud revenue at constant currency, if WalkMe’s contributions are excluded. WalkMe, which…
By Pratyush Thakur and Mike Stone(Reuters) -Defense contractor Lockheed Martin (LMT) on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by strong demand for military equipment amid escalating global tensions.The Bethesda, Maryland-based company now expects per-share profit of $26.65 for 2024, above its earlier forecast of $26.10 to $26.60.It also sees full-year sales of $71.25 billion, slightly above the midpoint of its earlier forecast of $70.50 billion to $71.50 billion.Conflicts in the Middle East and the protracted Russia-Ukraine war have resulted in nations boosting their defense spending, which has benefited arms manufacturers.However, Lockheed’s flagship F-35 program…
Tuesday, EF Hutton initiated coverage on Quince Therapeutics Inc. (NASDAQ: QNCX), a biotech company focused on precision therapeutics for rare diseases, with a Buy rating and a $12.00 price target. The firm highlighted the company’s lead product, EryDex, for the treatment of Ataxia-Telangiectasia (A-T), an ultra-orphan genetic disorder. Quince Therapeutics has been recognized for its innovative approach in the biotechnology space, particularly for its work on EryDex. This novel therapy is designed to administer steroids through red blood cells, avoiding the systemic toxicity typically associated with steroid use. The controlled and sustained release of dexamethasone is aimed at alleviating the…
The U.S. Securities and Exchange Commission (SEC) announced that it has charged ETF provider and asset manager WisdomTree with making misstatements and compliance failures after finding that funds marketed by the firm as incorporating ESG factors failed to comply with their own criteria, by investing in companies involved in fossil fuel and tobacco activities. According to the SEC and a filing by WisdomTree, three ETFs managed by the firm that pursued ESG-focused strategies represented in their prospectuses from March 2020 until November 2021 that the funds would screen out investments in companies involved in products and activities including fossil fuels…
Agriculture Capital has hired a former Equilibrium Capital executive to serve as partner as it looks to build on its history in regenerative agriculture through carbon credit sales. Ben Vitale The San Francisco-headquartered firm said in a statement that Ben Vitale will lead a scale-up of the firm’s institutional grade carbon removals. It described a role that will utilize his three decades in carbon and environmental commodities in helping corporates help meet net-zero goals. Vitale told Agri Investor the role will include putting in place commercial agreements to monetize regenerative practices the firm has implemented since its founding in 2014.…
Image source: Getty Images Once again, I find myself counting my pennies and scouring the FTSE 250 for my next big dividend buy. There’s nothing I love more than checking my dividend statement at the end of the month and calculating my passive income. It’s satisfying to see my money hard at work for me. But I’ve made mistakes in the past and my portfolio still holds a few duds. I live in eternal hope that they one day recover. So when I buy dividend stocks these days, I make sure to analyse the companies more closely. The yield and…
Tracking Carbon Offsets with Blockchain for an Amazing Greener Future In 2024 And BeyondInnovative technologies like blockchain are stepping up to help us track and reduce carbon emissions in a world increasingly aware of climate change. This article explores how blockchain can transform carbon offset tracking, making it more transparent, efficient, and accessible for everyone. Key Takeaways Blockchain ensures transparency in carbon offset tracking, making it easy to see where emissions come from. By tokenizing carbon credits, blockchain allows for easier trading and participation in green projects. Smart contracts can automate compliance with environmental regulations, simplifying processes for businesses. Blockchain…
BOGOTA – GeoPark Limited (NYSE: NYSE:), an independent oil and gas company operating in Latin America, has received regulatory approval from Argentina’s Comisión Nacional de Valores (CNV) to issue up to $500 million in debt securities over the next five years. Alongside this development, GeoPark Argentina, a subsidiary of the company, has been assigned an AA+(arg) credit rating by Fitch Ratings’ local Argentine affiliate, FIX. The positive credit rating reflects GeoPark Argentina’s solid performance and potential following its recent acquisition of four unconventional blocks in the Vaca Muerta shale formation. The company’s reserves, production capacity, and cash flow, particularly from…