Lattice's "Signs of Improvement"

And, Coty's "material FX headwind."

February 11, 2025

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Today is Tuesday, February 11, 2025.

The Early Bird Index today is 83.50

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Lattice's "Signs of Improvement"

The semiconductor trade in the stock market is alive and well as Lattice Semiconductor (Nasdaq: LSCC) jumped 13.90% in after-hours trading on Monday after posting financial earnings results.

Financials: Lattice reported earnings of 15 cents per share in the past quarter, which was lower than expected. But revenue reached $117.4 million, which was better than expected.

Details: While a one-time charge from assembly and test operations caused the earnings to fall in the last quarter, the company expects business to improve in the current quarter.

Quote: “We are starting to see signs of improvement in the broader market environment as evidenced by our stronger backlog and improved book to bill.” - CEO Ford Tamer.

Early Bird’s Nest Egg Gains: In 2024, the type of chips that Lattice specializes in, particularly field-programmable gate arrays, faced significant challenges due to inventory issues, geopolitical tensions, export controls, and technology adaptations.

Final Thoughts: Lattice’s stock was down about 23% in the last 12 months.

PRESENTED BY MASTERWORKS

Invest with the art investment platform with 23 profitable exits.

How has the art investing platform Masterworks been able to realize an individual profit for investors with each of its 23 exits to date?

Here’s an example: an exited Banksy was offered to investors at $1.039 million and internally appraised at the same value after acquisition. As Banksy’s market took off, Masterworks received an offer of $1.5 million from a private collector, resulting in 32% net annualized return for investors in the offering.

Every artwork performs differently — but with 3 illustrative sales (that were held for 1+ year), Masterworks investors realized net annualized returns of 17.6%, 17.8%, and 21.5%.

Masterworks takes care of the heavy lifting: from buying the paintings, to storing them, to selling them for you (no art experience required).

The content is not intended to provide legal, tax, or investment advice. Past performance is not indicative of future performance. Investing involves risk.

"Net Annualized Return” refers to the annualized internal rate of return, or IRR, net of all fees and costs, to holders of Class A shares from the primary offering, calculated from the final closing date of such offering to the date the sale is consummated. A more detailed breakdown of the Net Annualized Return calculation for each issuer can be found in the respective Form 1-U for each exit. The 3 median returns above represent the ones closest in percentage to the median of the 12 exits with holding periods over 1 year.

Masterworks internally appraises artworks that are held by entities administered by Masterworks Administrative Services on an ongoing basis, and obtains an independent review of appraisals by a third-party appraiser on an annual basis.Appraisals are prepared in accordance with the 2024-2025 Uniform Standards of Professional Appraisal Practice (“USPAP”) developed by the Appraisal Standards Board of the Appraisal Foundation, although it is noted that there are potential conflicts of interest given that some or all individual members of the appraisal committee are employees of Masterworks and Masterworks retains an ownership interest in the subject artworks as well as ownership of the Masterworks Platform.

Masterworks compiles historical data from public auctions to produce metrics that we believe can be helpful in measuring and analyzing historical trends in artist markets and the historical price appreciation of specific artworks. 

See important Reg A disclosures at masterworks.com/cd.

Notables

Notable Earnings Today: Coca-Cola (NYSE: KO), Shopify (NYSE: SHOP), Zillow (Nasdaq: ZG), Super Micro Computer (Nasdaq: SMCI), DoorDash (Nasdaq: DASH), Lyft (Nasdaq: LYFT), Upstart (Nasdaq: UPST), Humana (NYSE: HUM), Gilead Sciences (Nasdaq: GILD), Fidelity National Information Services (NYSE: FIS), Marriott International (Nasdaq: MAR), BP (NYSE: BP), Sunoco (NYSE: SUN), Leidos (NYSE: LDOS), Freshworks (Nasdaq: FRSH), AutoNation (NYSE: AN), Energy Transfer (NYSE: ET), WK Kellogg (NYSE: KLG), S&P Global (NYSE: SPGI), W.P. Carey (NYSE: WPC), Confluent (Nasdaq: CFLT), Carlyle Group (Nasdaq: CG), Welltower (NYSE: WELL), Adaptive Biotechnologies (Nasdaq: ADPT), Allison Transmission (NYSE: ALSN), Arvinas (Nasdaq: ARVN), BlackLine (Nasdaq: BL), Carrier Global (NYSE: CARR), Ceragon Networks (Nasdaq: CRNT), Diodes (Nasdaq: DIOD), DuPont (NYSE: DD), Ecolab (NYSE: ECL), Edwards Lifesciences (NYSE: EW), GlobalFoundries (Nasdaq: GFS), IPG Photonics (Nasdaq: IPGP), Masco (NYSE: MAS), NNN REIT (NYSE: NNN), OneStream (Nasdaq: OS), Pitney Bowes (NYSE: PBI), Primerica (NYSE: PRI), SAGE Therapeutics (Nasdaq: SAGE), Sensata Technologies (NYSE: ST), Teradata (NYSE: TDC), TPG (Nasdaq: TPG).

Notable IPOs Today: Globalstar, Inc. Common Stock (Nasdaq: GSAT), FG Merger II Corp. Common stock (Nasdaq: FGMC), Odysight.ai Inc. Common Stock (Nasdaq: ODYS), Archimedes Tech SPAC Partners II Co. Unit (Nasdaq: ATIIU).

Notable Equity Crowdfunding Campaigns Ending Today: Arrive (PicMii), Blue Square Pizza (SMBX), Healerverse (Republic), Breadbelly (SMBX), TrippBio (StartEngine).

Notable Economic Events Today: EIA Short-Term Energy Outlook (12:00 p.m. ET), WASDE Report (12:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Coty's "Material FX Headwind"

Beauty company Coty (NYSE: COTY) fell 0.44% in after-hours trading on Monday after posting bad financial earnings results.

Financials: Coty reported earnings of 11 cents per share and revenue of $1.67 billion in the past quarter; both were lower than expected.

Final Thoughts: The company said it will face “a more material FX headwind” because of the stronger U.S. dollar. Coty’s stock is down 42% in the last 12 months.

Sui’s Price Jumps on Monday

The price of the cryptocurrency Sui jumped about 7% on Monday due to positive market sentiment and more investors targeting tokens with artificial intelligence capabilities.

Final Thoughts: Monday marked a reversal for Sui, whose price has decreased about 37% in the last 30 days.

Not Lovin’ It: McDonald’s U.S. Sales Drop as Customers Spend Less (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.