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Francisco Trust Under Agreemen Sells 25,000 Shares of Dyadic International, Inc. (NASDAQ:DYAI) Stock

Dyadic International, Inc. (NASDAQ:DYAI) major shareholder Francisco Trust Under Agreemen sold 25,000 shares of the business’s stock in a transaction dated Tuesday, July 27th. The stock was sold at an average price of $103,965.00, for a total value of $2,599,125,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Francisco Trust Under Agreemen also recently made the following trade(s):

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On Wednesday, August 11th, Francisco Trust Under Agreemen sold 150,000 shares of Dyadic International stock. The stock was sold at an average price of $770,983.56, for a total value of $115,647,534,000.00.

NASDAQ DYAI opened at $4.52 on Wednesday. Dyadic International, Inc. has a 1 year low of $3.15 and a 1 year high of $8.78. The business’s 50-day moving average is $3.69.

Dyadic International (NASDAQ:DYAI) last issued its earnings results on Thursday, August 12th. The biotechnology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Dyadic International had a negative net margin of 536.88% and a negative return on equity of 43.25%. Equities analysts expect that Dyadic International, Inc. will post -0.4 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in DYAI. Millennium Management LLC bought a new stake in shares of Dyadic International in the second quarter valued at approximately $964,000. Tibra Equities Europe Ltd acquired a new position in Dyadic International during the second quarter worth $296,000. Ergoteles LLC acquired a new position in Dyadic International during the second quarter worth $290,000. Axiom Investment Management LLC acquired a new position in Dyadic International during the first quarter worth $366,000. Finally, Susquehanna International Group LLP increased its stake in shares of Dyadic International by 363.1% in the second quarter. Susquehanna International Group LLP now owns 44,907 shares of the biotechnology company’s stock valued at $161,000 after buying an additional 61,977 shares in the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

Dyadic International Company Profile

Dyadic International, Inc, a biotechnology platform company, develops, produces, and sells enzymes and other proteins in the United States. The company utilizes its patented and proprietary C1 technology and other technologies to conduct research, development, and commercial activities for the development and manufacturing of human and animal vaccines and drugs, such as virus like particles and antigens, monoclonal antibodies, fab antibody fragments, Fc-fusion proteins, biosimilars and/or biobetters, and other therapeutic enzymes and proteins.

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Arch Resources (ARCH) Leer South Longwall Mine Starts Operation

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Arch Resources (ARCH Quick QuoteARCH ) announced that the Leer South longwall mine in Barbour County, WV has started commercial production. The longwall mine is expected to produce up to 4 million tons per year of premium-quality, High-Vol A metallurgical coal for global steel markets.

As of second quarter-end, Arch Resources invested $392 million since the launch of the Leer South longwall program in February 2019. Finally, around $400 million was invested to develop the longwall mine, which was a tad higher than the expected expenditure between $360 million and $390 million. The mine was expected to start commercial production at nearly the same time as being operational.

How This Mine Assists Arch Resources

The development of high-quality low-cost met coal mine will allow Arch Resources to strengthen its existing position in the global met coal market and meet the expected rise in demand for met coal from the global steel industry.

Arch Resources expects coking coal sales volume in the range of 7.4-8.2 million tons in 2021. The company expects Leer South to make a sizeable contribution to total production volumes in fourth-quarter 2021 and ramp to full production mode by the start of 2022.

Global Steel Production Drives Demand

The World Steel Association’s Short Range Outlook for 2021 and 2022 indicates an increase in global steel demand. World Steel Association forecasts that steel demand will grow 5.8% in 2021 to reach 1,874.0 million tons (Mt), after declining 0.2% in 2020. In 2022, steel demand will see further growth of 2.7% to reach 1,924.6 Mt.

Met coal is essential for the production of steel and the expected increase in steel production is going to boost the prospects of met coal producers like Arch Resources, Ramaco Resources (METC Quick QuoteMETC ) , Warrior Met Coal (HCC Quick QuoteHCC ) and SunCoke Energy, Inc. (SXC Quick QuoteSXC ) , among others.

Price Performance

Shares of the company have gained 110.2% in the past 12 months, ou! tperforming the industry’s 82.8% rally.

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Image Source: Zacks Investment Research

Zacks Rank

Arch Resources currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Li Auto (LI) Warming Up to Q2 Earnings: What Can Investors Expect?

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Li Auto Inc. (LI Quick QuoteLI ) is slated to release second-quarter 2021 results on Aug 30, before market open. This Beijing-based company made its NASDAQ debut on Jul 30, 2020, being the second China-based electric vehicle (EV) maker to be listed on the U.S. stock market after NIO Inc. (NIO Quick QuoteNIO ) . The Zacks Consensus Estimate for the quarter’s loss is pegged at 3 cents per share.

In the last reported quarter, the company posted net loss per share of 6 cents, narrower than the Zacks Consensus Estimate of a loss of 7 cents.

The Zacks Consensus Estimate for Li Auto’s second-quarter loss per share has widened by one cent in the past 90 days.

Earnings Whispers

Our proven model does not predict an earnings beat for Li Auto for the to-be-reported quarter, as it does not has the right combination of the two key ingredients. A combination of a positive Earnings ESP, and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: Li Auto has an Earnings ESP of 0.00%.

Zacks Rank: It carries a Zacks Rank of 4 (Sell), currently.

Factors at Play

Li Auto is an innovator in China’s new energy vehicle market. The company designs, develops, manufactures, and sells premium smart EVs. The company currently sells a family-sized SUV named the Li One. The company started volume production of Li One in November 2019 and released the 2021 Li One in May 2021.

Backed by China’s food delivery giant Meituan, Li Auto is witnessing surging demand, steered by the launch of its upgraded version of the Li One SUV. Li Auto also beat the upper end of its second-quarter guidance of 15,500 vehicles, delivering a total of 17,575 vehicles over the quarter. The delivery count also marked an increase of 166.1%, year over year, and 39.7%, ! quarter over quarter. This is likely to have aided the company’s second-quarter performance.

However, amid the soaring popularity of green vehicles, Li Auto has rolled out only one model to the market, as of now. Also, competition in the Chinese electric vehicle market is getting intense. Li Auto is not only competing with peer Chinese EV players like NIO and XPeng (XPEV Quick QuoteXPEV ) but also faces stiff competition from established players like Tesla (TSLA Quick QuoteTSLA ) . Further, XPeng and NIO have both started shipping China-made EVs to Norway, in order to expand their business internationally. Li Auto is yet to outgrow China’s EV market. These factors are likely to have negatively impacted the company’s quarterly performance.

The company’s elevated research and development (R&D) expenses on advanced technologies for the development of next vehicle models is expected to have dented its second-quarter margins. Also, Li Auto’s soaring selling, general and administrative (SG&A) expenses resulting from the increased marketing and promotional activities, and elevated headcount and rental expenses with the expansion of the company’s sales network might have further eroded its bottom line during the quarter under review.

Buy AT&T As It Bottoms and Begins to Rise

After months of turmoil, AT&T (NYSE:T) stock looks to have bottomed and is finally trending higher.

Image of AT&T (T stock) logo on a gray storefront.Source: Jonathan Weiss/Shutterstock

The iconic American company that is today the world’s biggest telecommunications company and the largest provider of mobile telephone services in the U.S. has struggled this year as its stock price has endured a roller-coaster ride of ups and downs before sliding 17% since May to now trades at less than $28. Year-to-date, T stock is down more than 4%.

The decline has been accelerated by two significant changes being undertaken by AT&T.

First, AT&T is merging its WarnerMedia subsidiary with Discovery (NASDAQ:DISCA) to create an new company called Warner Bros. Discovery. AT&T will spin off 71% of those shares to AT&T shareholders.

Second, AT&T’s DirectTV unit has been sold to a private equity firm. Once those two changes are finalized next year, AT&T will have no more media assets and plans to focus primarily on its wireless business. The divestitures will result in AT&T cutting its dividend payout by 50%, a move that has angered investors and caused much of the share price volatility.

8 Great Low-Priced Stocks to Buy Under $10

But now, it appears that T stock may have finally bottomed and begun to turn a corner. With the share price still below $30, it provides an attractive entry point for potential new investors.

Leaner and Meaner

Dallas-based AT&T is looking to become a leaner and meaner company. It plans to use $50 billion from the Discovery and DirecTV deals to pay down its substantial debt of nearly $180 billion. The company has stated that it plans to reduce its net debt by 30% on a go forward basis.

As mentioned, AT&T plans to focus on its wireless communications and internet business, which has performed much better than its entertainment assets. (DirecTV cost AT&T $67.1 billion in 2015 and it is now selling it for $16.3 billion).

Focusing on wireless, particularly 5G internet, looks like the right move for AT&T. American fiber internet customers rate AT&T No. 1 in customer satisfaction and the company has among the lowest turnover rates in both phone and broadband internet customers.

Through the first two quarters of this year, AT&T reported revenue of $88 billion, a 5% increase compared with the first six months of 2020. Net income amounted to $9 billion in this year’s first half, a 55% increase.

The Dividend Issue

While AT&T’s wireless strategy looks like a smart long-term plan, T stock has been hurt by the short-term issue of the dividend cut. The reduction in AT&T’s dividend payout is a particularly hard pill for shareholders to swallow given that AT&T stock is a “dividend aristocrat.” AT&T has grown its dividend consistently for 37 consecutive years. AT&T’s stock has a forward yield of 7.38%, a 62.95% payout ratio, and a 1.72% growth rate over the past decade. Currently, AT&T pays an annual stock dividend of $2.08 per share.

After the spinoff of WarnerMedia, AT&T says it is targeting a 40% to 43% dividend payout ratio on free cash flow of $20 billion. This will result in $8 billion of annual payouts, or roughly $1.11 per share rather than the current $2.08. While that sizable cut has investors, understandably, concerned, they should take comfort from the fact that AT&T CEO John Stankey has said the company will continue to prioritize its dividend going forward.

Stankey should be able to make good on that pledge as AT&T’s debt is reduced and its financial situation improves.

Buy T Stock For Long-Term Gains

AT&T is undergoing substantial changes this year and its upcoming dividend cut is troublesome. But investors should look beyond the short-term turbulence and take the long view with the company and its stock. Once AT&T sheds its media assets, pares its debt, and is free to focus on its core wireless business, the company’s share price should respond and investors should be rewarded with future gains.

The dividend payout should be repaired in coming years. In the meantime, at less than $28 a share, AT&T stock is affordable and a bargain. T stock is a buy.

On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Wells Fargo (WFC) & JP Morgan (JPM) File for Bitcoin Fund

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Wells Fargo (WFC Quick QuoteWFC ) and JP Morgan (JPM Quick QuoteJPM ) are penetrating the $2-trillion worth Bitcoin arena as both companies recently registered a Bitcoin fund with the Securities and Exchange Commission.

Wells Fargo and JPMorgan are partnering with the New York Digital Investment Group (NYDIG), a pioneering technology and financial services firm. Both firms will get an undisclosed percentage of sales via its subsidiaries. Wells Fargo will get the sales through Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network.

In case of JPMorgan, NYDIG will hold the cryptocurrency while the bank will be represented as a sales agent. In Wells Fargo’s case, the bank will also be functioning with FS Investments on the offering. Both funds were registered as passive funds despite initially  expected to be actively managed.

The move follows the May 2021 news when Wells Fargo Investment Institute president Darrell Cronk had informed about the bank’s likely offering as a “professionally managed solution” to its wealthiest clients in the future, according to an  Insider  interview. Even JP Morgan had enabled its advisors to take orders to purchase and sell five cryptocurrency products, four from Grayscale Investments and one from Osprey Funds, per an internal memo in July 2021.

Our Take

Until July 2020, the Office of the Comptroller of the Currency did not grant permission to banks to hold cryptocurrencies. The amendment post July gave banks the go-ahead to begin exploring cryptocurrency operations.

Thus, such an effort by both banks will likely boost the world’s most popular cryptocurrency asset’s prospects further, at least on the grounds that Wells Fargo and JP Morgan are enabling cryptocurrency access to their clients.
The banks’ move follow their peer Morgan Stanley’s (MS Quick QuoteMS ) endeavor to start offering clients access to three bitcoin funds as reported in March 2021! .

Earlier in February, The Bank of New York Mellon Corporation (BK Quick QuoteBK ) became the first global custody bank to announce plans to form a new unit called Digital Assets to help its institutional clients hold, transfer and issue digital assets.

Shares of JP Morgan have gained 3.3% in the past six months while the Wells Fargo stock has rallied 26.8%.

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Image Source: Zacks Investment Research

Both stocks presently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.