Forex Subscriptions – Ipass http://www.ipass.net/ Tue, 20 Jul 2021 16:59:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 INTRUSION Announces Strategic Actions, Preliminary Second Quarter Revenue and Organizational Changes https://www.ipass.net/intrusion-announces-strategic-actions-preliminary-second-quarter-revenue-and-organizational-changes/ Tue, 20 Jul 2021 11:31:31 +0000 https://www.ipass.net/intrusion-announces-strategic-actions-preliminary-second-quarter-revenue-and-organizational-changes/

PLANO, Texas, July 20, 2021 (GLOBE NEWSWIRE) – INTRUSION, Inc. (Nasdaq: INTZ) today announced preliminary revenue for the second quarter of 2021, which is expected to be between $ 1.9 million and $ 2.0 million. Additionally, since INTRUSION believes that additional capital may be required to achieve profitability, it engaged an investment banking firm to assess various sources of funding, as well as potentially constructive long-term strategic options that could help INTRUSION grow, meet its operating objectives and maximize shareholder value.

Recent global interest and recognition of the Shield solution is increasing, although INTRUSION experienced a slower-than-expected sales ramp-up due to the longer customer evaluation cycles typically seen in most enterprise security sales organizations. Based on customer feedback, the Company remains confident in Shields the effectiveness and valuable protection it offers to clients in helping them fight the growing war on cybercrime. The team continues to work closely with partners and the sales channel to further test with potential customers and convert a growing pipeline of customer engagements into recurring subscriptions.

In addition, Jack B. Blount, previously President, CEO and member of the Board of Directors, has left the company with immediate effect and no longer has any affiliation with INTRUSION. The Board of Directors asked CFO Franklin Byrd and CTO Joe Head, who is also a co-founder of INTRUSION, to jointly take on operational responsibilities on behalf of the company until a successor be appointed, and both will report to Council immediately.

INTRUSION will release its full second quarter results on Thursday, August 12 and host a conference call with Anthony LeVecchio, Chairman of the Board, and Messrs. Byrd and Head attending at 4:00 p.m. Central Time. Investors and analysts can join the conference call by dialing 1-833-366-0416 and providing the confirmation ID 5994378. International callers can join the conference call by dialing + 1-236-712-2506 and entering the same confirmation ID when prompted. In addition, this conference call will be broadcast live, listen-only, on the Investor Relations website at ir.intrusion.com.

About INTRUSION, Inc.

INTRUSION, Inc. (NASDAQ: INTZ) protects businesses of all sizes by leveraging advanced threat intelligence and real-time artificial intelligence to kill cyber attacks as they occur, including zero- days. INTRUSION’s solution families include INTRUSION Shield, an advanced cyber defense solution that kills cyber attacks in real time using artificial intelligence (AI) and an advanced threat intelligence cloud; INTRUSION TraceCop™ for identity discovery and disclosure; and INTRUSION Learned™ for network data mining and advanced detection of persistent threats. For more information, please visit www.intrusion.com.

Caution regarding forward-looking information

This press release may contain certain forward-looking statements, including, without limitation, statements about the performance of the protections provided by our INTRUSION Shield product, our estimated second quarter revenues, our future capital requirements, as well as the potential benefits of engaging investment professionals to assist the company, as well as any other statements that reflect management’s expectations regarding future events and operational performance. These forward-looking statements speak only as of the date hereof and involve a number of risks and uncertainties, including, without limitation, the risks that our products and solutions will not perform as intended or meet. broad market acceptance, or that our estimates of income, capital requirements and funding opportunities may prove to be inaccurate. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those of forward-looking statements, including the risks that we have detailed in the most recent Company reports on Forms 10-K and 10-Q, in particular under the heading “Risk Factors”.

INTRUSION Media inquiries

PR Contact: Michael Krems, Analyst and Public Relations Manager
E-mail: [email protected]Mobile: 805.496.8166

IR contact: Joel Achramowicz
[email protected]Phone. : 415-845-9964

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A great result tomorrow could be a “Sell the News” moment for Netflix’s P / E 62x (NASDAQ: NFLX) https://www.ipass.net/a-great-result-tomorrow-could-be-a-sell-the-news-moment-for-netflixs-p-e-62x-nasdaq-nflx/ Mon, 19 Jul 2021 19:09:20 +0000 https://www.ipass.net/a-great-result-tomorrow-could-be-a-sell-the-news-moment-for-netflixs-p-e-62x-nasdaq-nflx/

When nearly half of businesses in the United States have price-to-earnings (or “P / E”) ratios below 18x, you might consider Netflix, Inc. (NASDAQ: NFLX) as a stock to be avoided entirely with its P / E ratio of 62.3x.

When looking at P / E ratios sometimes there is a rationale for the high value, other times it is simply overconfidence of investors.

Here, we’ll take a look at Netflix’s P / E, compare it to industry and market, and see if this is a warranted valuation metric.

Investors should also be aware that sometimes traders can use a “sell the news” strategy after the results are announced, and use the higher volume to sell a larger position. This is why P / E can be a good metric to consider before profits.

In the graph below, we can see how Netflix’s P / E compares to the market and the industry.

Check out our latest analysis for Netflix

NasdaqGS: NFLX Price Based on Past Revenue, July 2021

As we can see from the chart above, Netflix’s P / E is well above the levels of the US entertainment industry (43x P / E) and the market (18.8x). The boom in the industry may be associated with the recent increase in streaming service subscriptions and the rollout of new infrastructure by companies deploying 5G services.

Most importantly, we must ask ourselves: “Is Netflix past the high growth phase?“For companies, this marks a period when the P / E shifts from an indicator of investor sentiment to an appropriate measure of stock performance.

In this regard, we can observe that Netflix has been profitable for some time and has recently generated positive free cash flow. While it is true that the business continues to grow, the rate of revenue growth has slowed over the past 12 months and competitors have stepped up their streaming business.

Maybe now is a good time to start seeing Netflix as a stabilizing business and also rate it on a P / E basis.

Want a full picture of analyst estimates for the business? Then our free Netflix report will help you find out what’s on the horizon.

What do the growth indicators tell us about the high P / E?

To justify its P / E ratio, Netflix would need to produce exceptional growth well above that of the market.

In retrospect, last year generated an exceptional 67% gain on the company’s bottom line.

The last three-year period also saw an excellent overall increase of 449% in EPS, helped by its short-term performance. Therefore, it is fair to say that profit growth has recently been superb for the company.

As for the outlook, the next three years are expected to generate growth of 28% per year according to estimates from analysts watching the company. This promises to be significantly higher than the forecast for growth of 14% per year for the market as a whole.

With this information, we can see why Netflix is ​​trading at such a high P / E relative to the market.

Even if investors want high growth, the effect of the same growth rates can be seen in a limiting sense by some investors who hold larger positions and may decide to change course on their investment strategy. This is why investors should be aware that there may be a different kind of sentiment for Netflix in the future.

So far, however, shareholders are unwilling to get rid of something that potentially envisions a more prosperous future.

Key points to remember

It is argued that the price / earnings ratio is a lower measure of value in some industries, but it can be a powerful indicator of corporate sentiment.

Investors should also be aware that good news is not always necessarily a long signal before a call for profits.

As investors, it is important to decide when look at a company from the perspective of earnings performance as a relevant indicator for action. This will help avoid surprises and improve risk management along the way.

Currently, Netflix can be seen both as a high growth company where value for money does not yet matter, or as a stabilizing company which should also be assessed as such.

If investors consider Netflix to be still a high-growth stock that has most of its growth prospects to come, then it’s premature to factor in the P / E. However, if we see the company stabilizing, a P / E of 62.3x may be of concern to investors.

You always have to think about the risks. Concrete example, we have spotted 1 warning sign for Netflix you must be aware.

If these risks make you reconsider your opinion on Netflix, explore our interactive list of high-quality stocks to get a feel for what’s out there.

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Simply Wall St analyst Goran Damchevski and Simply Wall St have no positions in any of the companies mentioned. This article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents.
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ALEX BRUMMER: £ 24bn valuation of Revolut banking app is cause for pause https://www.ipass.net/alex-brummer-24bn-valuation-of-revolut-banking-app-is-cause-for-pause/ Fri, 16 Jul 2021 20:51:09 +0000 https://www.ipass.net/alex-brummer-24bn-valuation-of-revolut-banking-app-is-cause-for-pause/

Fintech is the great new hope of the post-Brexit city. It’s great that in recent weeks profitable payments specialist Wise has debuted on the London Stock Exchange and that JP Morgan has shown its confidence by snatching up online asset manager Nutmeg.

But there is a danger that investors will become too addicted to technological breakthroughs. The potential weaknesses of online payday lender Wonga, Wirecard in Germany and more recently Greensill have been overlooked by lenders.

Regulators were caught up in the excitement of poorly understood models.

Champion Fintech: Banking App Revolut is headquartered in London, but its banking license, which it uses to go to other parts of Europe, has been granted by Lithuania

It seems that the lessons of these flops have been learned and that the next generation of fintech is closely watched for risks and vulnerabilities.

Despite this, the £ 24bn valuation placed on Revolut in its latest fundraiser this week, placing £ 577m worth on Russian founder Nikolay Storonsky’s stake, is cause for pause.

The support of Softbank, known in the United Kingdom for its astute acquisition of Arm Holdings, should be reassuring.

Softbank also trusted Lex Greensill. The first stopover point for anyone trying to figure out what Revolut is doing, and how it’s going to make future profits after making a pre-tax loss of £ 207,875 in 2020, is the annual report.

One comforting aspect is the composition of the directors, which includes former CEO of Standard Life Aberdeen Martin Gilbert as chairman and former Goldman Sachs trader Michael Sherwood. Both offer in-depth finance experience.

What is a little more worrying is that Revolut’s banking license, which it uses to go to other parts of Europe, has been granted by Lithuania.

With all due respect to the Baltic nation, it is not known as one of the major financial centers in Europe.

Encouragingly, the firm is audited by BDO, which is not one of the top four audit firms, but at least the second tier. Revolut’s value comes from explosive growth.

At the start of 2021, it carried out 150 million transactions per month for 15 million individual customers and 500,000 professional customers, and was present in more than 35 countries.

So what exactly is it for? There are three main sources of income.

The Revolut card, which brought in £ 95million in revenue; currency and wealth, responsible for £ 80 million; and a service called subscriptions, which grossed £ 75million.

The fastest growing sector is Forex and Wealth, where income soared 150% last year. We know from Wise how fintech is revolutionizing access to foreign currencies by replacing clunky systems used by large commercial banks and eliminating the exchange rate “curve”.

The richness aspect of Revolut seems fascinating. Cryptocurrency dominates this part of the business and the annual report is dotted with the “crypto” world which appears almost 90 times. There is also an implication in the trading of precious metals.

Crypto had an incredible run in 2020, but this year has generated a regulatory review. The UK regulator, the Financial Conduct Authority, has warned newbie investors of the dangers of being overly exposed to bitcoin and the like due to the extreme volatility.

This is even before we consider how the crypto Wild West became a stronghold for crooks and money launderers.

Revolut’s subscription service, administered by an app, is a good tool. In an age where we all load subscriptions, sometimes inadvertently, the device keeps track and offers one-shot cancellation.

As helpful as it may be, as commercial banks adjust to the online world, it won’t be difficult for them to add a similar service, including instant cancellation.

For most established financial players, adding one or two new products per year and adapting the model can be considered sufficient innovation.

Revolut is much more ambitious. It lists a dozen new products added over the past year, ranging from gold and silver trading to four new cryptocurrencies.

It’s all incredibly dynamic, but it must be a nightmare for Lithuanian regulators and others looking to keep track of what’s going on under the hood.

Accounts show Revolut has a £ 538million safety net for regulatory capital and liquidity purposes.

In addition, some £ 5 billion of “restricted cash” is in the secure accounts of central banks and other banks. Customers should be grateful for the little mercies.

Some links in this article may be affiliate links. If you click on it, we may earn a small commission. This helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.


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India’s foreign exchange reserves increase by $ 1.88 billion to a record high of $ 611.89 billion https://www.ipass.net/indias-foreign-exchange-reserves-increase-by-1-88-billion-to-a-record-high-of-611-89-billion/ Fri, 16 Jul 2021 17:37:00 +0000 https://www.ipass.net/indias-foreign-exchange-reserves-increase-by-1-88-billion-to-a-record-high-of-611-89-billion/

The country’s foreign exchange reserves rose $ 1.883 billion to a record high of $ 611.895 billion in the week ending July 9, according to RBI data on Friday.

During the previous week ended July 2, reserves had jumped from $ 1.013 billion to $ 610.012 billion.

During the reporting week ended July 9, the increase in foreign exchange reserves was due to the increase in foreign exchange assets (FCA), a major component of aggregate reserves, according to weekly data from the Reserve Bank of India (RBI).

The FCA rose $ 1.297 billion to $ 568.285 billion in the week under review.

Expressed in dollars, foreign currency assets include the effect of the appreciation or depreciation of non-US units such as the euro, the pound and the yen held in foreign exchange reserves.

Gold reserves rose $ 584 million to $ 36.956 billion in the week of the report, the data showed.

Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $ 1.547 billion.

The country’s reserve position with the IMF increased by $ 3 million to $ 5.107 billion during the week of the report, the data showed.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Tech Stocks Profit Snapshot Q2: Will the Tech Rally Continue? https://www.ipass.net/tech-stocks-profit-snapshot-q2-will-the-tech-rally-continue/ Fri, 16 Jul 2021 03:31:05 +0000 https://www.ipass.net/tech-stocks-profit-snapshot-q2-will-the-tech-rally-continue/

Big tech report while hovering around all-weather highs

Heading into the earnings seasons for US tech stocks, the Nasdaq is trading around its all-time high.

Reflation trade is on the decline. Growth expectations have deteriorated, reflected by falling US Treasury yields which fell to a 4-month low last week, restarting the rotation to high-growth tech stocks and propelling the Nasdaq to a new all-time high more early this week.

With major US tech trading at all-time highs ahead so earnings expectations are high and concerns revolve around the fact that the good news is already pricing.

Winning season

Expectations are high. Bloomberg predicts 65% EPS growth in SP500 companies. Technology is expected to lag behind other sectors with a 31% increase in profits.

However, it should be borne in mind that tech stocks will mainly face more difficult comparisons from last year than in the previous quarter, as these are the stocks that have shone through the pandemic amid digitalization. dynamic and accelerated WFH.

Big tech to watch in earnings:

Netflix – July 20

Netflix faces some extremely difficult comparisons a year ago. Streaming subscriptions jumped in the second quarter of 2020 during the lockdown. Netflix added 10 million new subscribers in the second quarter of last year, attracting nearly 26 million subscribers in the first half of last year. Netflix management believes great streaming demand has been put forward through 2020, explaining why Netflix added just 4 million in Q1 2021 and why Netflix is ​​only targeting 1 million new subscribers in Q2 2021 The outlook for the third quarter may start to normalize. All the news regarding the new direction of the game will be the center of attention.

What’s next for the Netflix share price?

After hitting an all-time high of 593 earlier this year, Netflix formed a series of lower highs, before bottoming out at 475. Price rebounded from that level and continued to rise, pushing back above the decline. the trendline and the DMA 50 and 200. The RSI suggests there may be more upside to come as long as it stays out of overbought territory. Buyers could look for a move above 565 to attack 592 and look to a new all-time high. Sellers could look for a move below 515 to reverse the short-term uptrend.

Apple – July 27

The fiscal second quarter was a stellar quarter for Apple. Revenue climbed 54% in Apple’s fiscal second quarter reported in April, and EPS stood at $ 1.40 from $ 0.99 expected, so the bar is set high. It was of course an easy comparison for the previous year.

As always, iPhone 12 sales will be at the center of expectations with resilient numbers. The premium product line is expected to outperform which should be good news for margins. In addition, the fast growing service business has increased its gross profit margins as the margins are approximately double that of its product business.

Let’s not overlook the iPad either, iPad sales have jumped in recent quarters amid WFH trends. After the new iPad pro equipped with M1 released in April, could the iPad surpass the iPhone this time? Third-quarter revenue is expected to grow 22% year-over-year, compared to a more difficult comparison, although that would still be tied for Apple’s second growth rate in many years. Wall Street expects EPS of $ 0.99 on revenue of $ 72,780 million

What next for the Apple share price?

Apple traded between $ 115 and $ 140 for most of the first half of 2021. In early June, Apple’s stock price rebounded against the 200 MA and broke the previous high of $ 145 to $ 150 . The RSI has moved into overbought territory, so a consolidation or decline could be considered. As long as the price holds above $ 145, all-time highs could be reached.

Microsoft – July 27

Microsoft has surged throughout the year. The share price has steadily hit new all-time highs month after month. The third quarter saw profits rise 38% to $ 14.8 billion from the same period a year earlier. The gains were spread widely across the company, with dynamic home working and the Xbox X gaming console increasing sales. Fiscal fourth quarter will be under the microscope due to its Windows 11 upgrade. Expect sluggish revenue growth of 16% in its June quarter on EPS of $ 7.77

What’s next for the Microsoft share price?

Microsoft was up 14.5% in the quarter against gains of 8% for the S & P500. Stock prices trade in the ascending channel, even briefly breaking the upper band of the channel, in a strong bullish trend. Watch for overbought conditions on the RSI. The bulls are firmly in control, it would take a move below 260 to reverse the short term uptrend.

Alphabet – July 27

Alphabet has had an exceptional year with a rally of 44% so far. This is because Alphabet has also managed to partially benefit from the reopening. With the reopening of businesses, they are going online to promote themselves by increasing advertising revenue. Alphabet is expected to continue to generate strong growth through its dominant advertising, streaming and cloud computing businesses – the company operates many businesses and controls many products and services that are likely to generate more substantial revenues in the future. For example, YouTube advertising sales in the first quarter of 2021 saw an increase of 49% year-on-year, while Google’s cloud business saw its revenue increase 46% year-on-year. The fact that Google is facing anti-competitive allegations for the fourth time this year has not seriously hampered the share price rally so far, but developments will be watched closely. Expectations are for EPS of $ 16.14 on revenue of $ 56.03.

What next for the Alphabet share price?

The share price has risen 18% so far in the second quarter, from a new high to a new high. The recent selloff seen this week barely touched the sides of the rally but took the RSI out of overbought territory. The 50 sma offered support at several points during the rally. A move below that support at 2400 could reverse the short term uptrend. On the upside, beyond 2585 the all-time high, resistance may be encountered around 2640 the upper band of the ascending channel.

Facebook – July 28

Facebook crushed analysts’ estimates in the first quarter with revenue rising 48% to $ 26.2 billion, well ahead of the forecast of $ 23.7 billion. Advertising business saw a 30% year-over-year increase in price per ad and 12% more ad impressions. The strong momentum is expected to continue in the second quarter, with Facebook guiding the rate of revenue growth to remain stable or accelerate slightly. This bodes well given that advice from FB is generally cautious. Also, let’s not forget that Facebook faces a fairly easy year-over-year comparison where revenue grew only 11%, as covid blocks have meant businesses have cut back on ad spend. .

What’s next for the Facebook share price?

Facebook is trading within its ascending channel dating back to early March. It is trading above its 50 and 100 MA, showing an established uptrend. Today’s decline saw the stock price slide below the midpoint of the ascending channel, however, it has traded for extended periods below the midpoint. The bias remains bullish. The lower band of the ascending channel and sma 50 would have to be moved below $ 325 to reverse the short-term uptrend and sellers to gain ground. On the positive side, a move above $ 360 is needed for FB to reach a new all-time high.

Amazon – July 28

Looking back to the second quarter of 2020, Amazon saw exceptional revenue growth of 40%, its highest level since 2018, while EPS beat consensus with the biggest margin on record.

Digital consumption, cloud adoption and acceleration worked in Amazon’s favor as most businesses closed their doors. Expectations are 30% revenue growth on ESP of $ 12.22 a 20% increase. E-commerce has been huge throughout the pandemic. However, e-commerce was gaining shares from physical retailers before the start of the pandemic, so the pandemic accelerated a trend that was already in place. Perhaps this means that it is unlikely to reverse.

What next for the Amazon share price?

Amazon’s stock price has been trading in a limited range since September, capped on the lower band at 2875 and 3500 on the bullish side. The recent breakout of the 3500 level sent the stock price to new all-time highs of 3775. A declining bearish bias on the MACD supports a downside, especially if a bearish cross forms. It would take a fall below 3500 to reverse the current uptrend.


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Flagship Capital continues to see momentum https://www.ipass.net/flagship-capital-continues-to-see-momentum/ Mon, 12 Jul 2021 22:08:47 +0000 https://www.ipass.net/flagship-capital-continues-to-see-momentum/

DALLAS, TX / ACCESSWIRE / July 12, 2021 / Flagship Capital, a hedge fund restructured during the pandemic by owner Casey Pond, continues to ride its growth and momentum through the summer months. The second half of 2021, however, is expected to be even more exciting for the company, as the strategic partnerships entered into in the last two quarters alone have been of great benefit to Flagship Capital, and its clients are going to be happy with the investment. menu, it will be rolled out in the third quarter.

In addition to its ternary strategy, Flagship Capital’s expanded menu will include both a FOREX strategy and a crypto strategy by the end of the third quarter. The fourth quarter will also be strong with the launch of its private equity and venture capital fund.

Along with the private equity fund, Flagship Capital is currently in preliminary discussions to potentially join BOSS Bank to help increase its cap for the entire start-up cycle. BOSS will be a private Miami crypto-bank, and Flagship Capital is very excited about its potential. BOSS is currently in its development phase with its prototype, but it has the potential to be a disruptor in a handful of different industries. Between members’ access to exclusive on-demand luxury concierge services, AI, blockchain, and quantum computing for travel, this is truly an all-in-one app. “It can really disrupt the ridesharing industry with a quality ‘white glove’ approach rather than the current quantitative approach with which it currently identifies rides,” added Pond.

Then there is also the boss room, specifically for DeFi reward holders. Mr Pond optimistically said that “with crypto really taking the turn and with the growing appetite that we are seeing investors for it, now is the time to BOSS is perfect because they are starting to look for seed capital. Flagship Capital expects it will be oversubscribed fairly quickly as they begin to roll it out. “

Flagship Capital is enjoying tremendous momentum as it deploys new strategies and hires aggressively. However, like any business, it faces challenges day in and day out. As Mr. Pond puts it, “Between being the portfolio manager of our main strategy Ternary and the managing director of a growing company that is in full scale mode, there is just not enough. hours in most days. However, the company is building a strong C suite team to help manage the business side of things. Delegating tasks doesn’t come easily to me, but I’ve learned to respect the saying, “Do what you do best and delegate the rest.”

Flagship Capital’s vision for the future is ambitious. With the traction it is currently experiencing with its proprietary ternary strategy and now with the launch of FX, crypto, and its private equity fund, Flagship Capital predicts it will be a $ 500 million fund in five years. .

What makes Flagship Capital unique is the combination of its alternative strategies and the current state of the markets. The timing couldn’t be better for a fund like Flagship Capital. Investors, of course, have benefited from a long bullish period, having benefited from the continuation of new market highs in recent consecutive years. In recent times, however, the industry has seen large allocators look to realize their gains and consider alternative strategies that limit traditional market exposures. Therefore, with Flagship Capital’s Ternary approach and soon with its FX and crypto deployments, it is very well positioned at the dawn of the second half of 2021.

The rest of 2021 will see a new set of challenges that Flagship Capital is already starting to tackle. Its strategies are currently private and closed-end funds, and each strategy has limited subscriptions. Due to the great traction it is currently experiencing with flexible subscriptions and commitments, managing the available LPs can be difficult on its own. However, this is of course the kind of challenge that any fund manager welcomes.

Flagship capital
Casey Pond
cpond@flagcapfund.com

SOURCE: Flagship capital

See the source version on accesswire.com:
https://www.accesswire.com/655231/Flagship-Capital-Continues-to-See-Momentum


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Benzinga Virgin Galactic to the Moon? Profits and IPOs to watch this week https://www.ipass.net/benzinga-virgin-galactic-to-the-moon-profits-and-ipos-to-watch-this-week/ Mon, 12 Jul 2021 18:52:41 +0000 https://www.ipass.net/benzinga-virgin-galactic-to-the-moon-profits-and-ipos-to-watch-this-week/

PreMarket Prep is a live trading talk show that airs weekdays from 8 a.m. to 9 a.m. ET on YouTube as well as PreMarket Prep Live. The podcast covers the latest financial news and highlights from the show.


On today’s pre-market preparation:
– Virgin Galactic To The Moon?
– Reopening of stocks to buy
– IPOs to watch this week

Mover this morning: $ CLDX
Shares of Celldex Therapeutics are trading higher after the company released data from its Phase 1b CDX-0159 study in chronic inducible urticaria. See related article on Benzinga.com

Other actions discussed on the issue

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Casey Pond launches hedge fund with Flagship Capital https://www.ipass.net/casey-pond-launches-hedge-fund-with-flagship-capital/ Fri, 09 Jul 2021 21:56:23 +0000 https://www.ipass.net/casey-pond-launches-hedge-fund-with-flagship-capital/

2020 has been a frustrating and emotional time for the whole world. However, Casey Pond used this time to restructure her business and started Flagship Capital into a hedge fund entity in Fort Lauderdale, Florida.

“The launch of Flagship Capital is anchored in our proprietary three-way strategy,” said Mr. Pond. “We are a young and growing fund, and I am very satisfied with our strategic partnerships and the deployment of our growing investment menu expected over the next two quarters. “

He says their proprietary fund is an algorithm-driven US equity strategy, but his vision is to further diversify their investment menu. “By the end of the third quarter, our expansion with both a FOREX strategy and a crypto strategy will be complete. In addition, we expect that we will have a private equity and venture capital fund in the 4e quarter of this year as well.

“Between the deployment of these new strategies and the aggressive recruiting phase we are in right now, it’s a really exciting time for Flagship Capital as we look to grow.,Pond shares, but that doesn’t mean they don’t face their share of challenges.

“Between prioritizing portfolio management in a volatile market and strategically positioning our new funds for exposure to institutional allocations, we face challenges on a daily basis,” says Pond, “but we control what we can. control.

If we continue to put our clients in a position for the highest likelihood of day-to-day success and provide a level of concierge service, everything else will fall into place. ”

Mr. Pond does not lack confidence in his vision for Flagship Capital. “With the foundation we currently have with our ternary strategy and the launch of FX, crypto and PE, Flagship Capital will be a $ 500 million fund in five years.”

Mr. Pond explains, “With the introduction of new ‘home-based’ traders and investors in the last year of the pandemic and with the growth of technology companies, an already strong industry is experiencing even greater demand.

The industry is, of course, cyclical, so we always adapt to positive and negative economic conditions. Even so, it is an exciting time to be in the industry.

Mr. Pond says the takeaway with Flagship Capital is a combination of their unique strategies and the current state of the markets. “Right now we have all benefited from this long bull run and we continue to set new highs in the market.

What we’ve seen lately, however, are large allocators looking to realize their gains while looking for alternative strategies that limit traditional market exposures. Thus, with our Ternary approach and soon with our FX and crypto deployments, we are very well positioned as we enter the second half of 2021. “

Flagship is currently a private closed-end fund, with limited subscriptions in each strategy. Mr. Pond concluded, “With the traction we’re seeing right now, managing available subscriptions is another challenge as well. This is, of course, a good problem to have.

A little about the Principal:

After playing Division 1 basketball at Florida Gulf Coast University, Mr. Pond began his career in professional and financial services with Edward Jones in Naples, Florida. He has accumulated years of valuable experience focusing on comprehensive financial planning for retirees.

He then moved to Merrill Lynch in Columbus, Ohio, where he focused more on active portfolio management. In 2012, Mr. Pond founded PMO Financial Group in Powell, Ohio, and served as its senior director and chief investment officer. The all-inclusive financial services company has focused on investment management while incorporating partners to meet P&C insurance needs as well as a personal accounting and tax leg.

Mr. Pond sold the majority of his practice with PMO in 2016 and thus followed the creation of Flagship Capital, anchored by its proprietary ternary strategy, which has been deployed for investors since 2003.

Posted on July 9, 2021


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Foreign exchange reserves increase by $ 1 billion to a record $ 610 billion https://www.ipass.net/foreign-exchange-reserves-increase-by-1-billion-to-a-record-610-billion/ Fri, 09 Jul 2021 13:26:00 +0000 https://www.ipass.net/foreign-exchange-reserves-increase-by-1-billion-to-a-record-610-billion/

The country’s foreign exchange reserves rose $ 1.013 billion to a lifetime high of $ 610.012 billion in the week ended July 2, according to RBI data on Friday.

During the previous week ended June 25, 2021, reserves had jumped $ 5.066 billion to $ 608.999 billion.

During the week of the report, the rise in the forex prize pool was mainly due to an increase in foreign exchange assets (FCA), a major component of global reserves.

The FCA jumped from $ 748 million to $ 566.988 billion, according to weekly data from the Reserve Bank of India (RBI).

Expressed in dollars, foreign currency assets include the effect of the appreciation or depreciation of non-US units such as the euro, the pound and the yen held in foreign exchange reserves.

Gold reserves climbed $ 76 million to $ 36.372 billion in the week under review.

Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $ 49 million to $ 1.548 billion.

The country’s reserve position with the IMF also increased by $ 139 million to $ 5.105 billion during the week of the report, the data showed.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Rupee drops 17 paise to 74.79 against US dollar when trade opens https://www.ipass.net/rupee-drops-17-paise-to-74-79-against-us-dollar-when-trade-opens/ Thu, 08 Jul 2021 05:44:00 +0000 https://www.ipass.net/rupee-drops-17-paise-to-74-79-against-us-dollar-when-trade-opens/

The rupee depreciated 17 paise to 74.79 against the US dollar when trade opened on Thursday, following a strong dollar abroad and subdued sentiment towards domestic stocks.

However, falling crude prices and new inflows of foreign funds have limited the fall of the rupee, traders said.

At the interbank exchange rate, the domestic unit opened weakly at 74.75 against the dollar, then fell further to 74.79 in the morning session, recording a decline of 17 paise from its previous close.

In the previous session, the rupee stood at 74.62 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, jumped 0.11% to 92.74.

On the domestic stock market front, BSE Sensex traded 74.49 points or 0.14% lower to 52,980.27, while the wider NSE Nifty slipped 31.70 points to 15,847.95 .

Foreign institutional investors were net buyers in the capital market on Wednesday as they bought shares worth Rs 532.94 crore, according to exchange data.

Global benchmark Brent crude oil futures fell 0.07% to $ 73.38 per barrel.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
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