Tramino/iStock via Getty Images The Shyft Group, Inc. (NASDAQ:SHYF) underwent a successful transformation in 2016 that led to fantastic financial results through 2021. The transformation revolved around focusing on higher growth segments and creating efficiencies in those segments in order to drive profitable growth. Management executed well on this plan and the company was able…
wellesenterprises Investors should hold shares of the Bank of Montreal (NYSE:BMO). 2023 has been a tough year for many firms in the banking industry. BMO has not been immune to this trend as its shares are down six percent year-to-date. The key question examined throughout this article is whether or not BMO provides a suitable…
Alex Wong Investment Thesis Having skipped the expected wild ride shortly after its US stock market debut, I am finally ready to start looking at VinFast (NASDAQ:VFS) stock. It is currently down about 85% from its highs, but that on its own is never a reason to think that a stock is a bargain. Several…
Lemon_tm At a Glance From a risk-adjusted standpoint, Puma Biotechnology (NASDAQ:PBYI) straddles a precarious line. A flatlining top line, rising operational expenses, and uncertain pipeline prospects, particularly in a competitive kinase inhibitor market set a convoluted stage. The dual red flags of insider selling and moderate short interest add further murkiness to investor sentiment. Until…
Michael Ciaglo In August, I covered Frontier Group Holdings, Inc. (NASDAQ:ULCC) and concluded that the stock is a buy. However, since then the stock has seen its stock price tumble, and that warrants a revisit for ULCC stock to see whether we still see upside. Why Did ULCC Stock Tumble? Since my last report covering…
Getty Images It’s been more than a year since I initiated a buy rating on Sony Group Corporation (NYSE:SONY). That seems a good amount of time to follow up on that initial piece, especially given the significant depreciation in the Yen that took place since then. The Original Sony Thesis The argument I made last…
SimonSkafar Introduction I’m starting this article by admitting I was wrong – or was I early? While it depends on one’s timeframe, being early is often the same as being wrong. On November 11, 2022, I wrote an article titled FMC Confirms The Agriculture Bull Case. In that article, I discussed favorable agriculture fundamentals that…
Micron Technology, Inc. (NASDAQ:MU) Post Q4 2023 Earnings Analyst Conference Call September 27, 2023 6:00 PM ET Company Participants Samir Patodia – IR Mark Murphy – EVP & CFO Manish Bhatia – EVP of Global Operations Sumit Sadana – EVP & Chief Business Officer Conference Call Participants Harlan Sur – JPMorgan Ambrish Srivastava – BMO…
Warchi A Quick Take On Procore Technologies Procore Technologies, Inc. (NYSE:PCOR) provides construction management software to companies worldwide. I previously wrote about PCOR in November 2022 with a Hold outlook. With lengthening sales cycles and smaller contract wins, I’m cautious on PCOR’s outlook in the short term. My opinion on Procore Technologies, Inc. is Neutral…
Do We Need CBDCs? Bitcoin Backstage with Cynthia Lummis In the world of digital currencies, two terms frequently come up for discussion – Central Bank Digital Currencies (CBDCs) and Bitcoin. Both have gained significant attention in recent years, with proponents and critics presenting their arguments. To shed light on this topic, we dive backstage with…
FatCamera/E+ via Getty Images The SE Investment Thesis Is More Promising Here, Thanks To The TikTok Ban We previously covered Sea Limited (NYSE:SE) in August 2023, discussing its more than decent FQ2’23 performance, with improved cash monetization and expanded EBITDA margins. However, it also appeared that Mr. Market had expected a lot more, with the…
champc Introduction Seneca Foods (NASDAQ:SENEA) (NASDAQ:SENEB) is a U.S. fruit and vegetable processor that popped on my radar screen following strong Q1 FY24 results as net sales rose by 12.6% while net income more than quadrupled to $23.1 million. However, this performance doesn’t seem sustainable as the financial results benefited from higher selling prices as…
Douglas Rissing/iStock via Getty Images On the eve of the U.S. government potentially shutting down on Oct. 1, 2023, markets rose at the open after the Commerce Department posted core personal consumption expenditure figures. The core PCE rose by 3.9% Y/Y. This is the first time in two years that the inflation gauge fell below…
FeelPic In this article, I delve into the Global X Video Games & Esports ETF (NASDAQ:HERO). Following my previous article on the ESPO (ESPO) Gaming Sector ETF (you can find the link here), I decided to take a closer look at this ETF. HERO, being from the same sector, shares many of the same challenges…
JuSun/iStock via Getty Images Summary I am recommending a hold rating for Napco Security Technologies (NASDAQ:NSSC), as I am unsure how long it would take for the channel destocking process to be finished. It is likely that the business will continue to print weak results in the near term as it laps the tough competition…
Casey Rodamor, the creator of the Ordinals protocol and reference implementation, recently dropped a proposal for a replacement to the BRC-20 fungible token protocol: Runes. It took roughly seven hours before basic implementations were live and people were minting tokens. They didn’t draw from a specification, or a concrete design, just a rough blog post…
pryzmat The Basic Story Granite Ridge Resources, Inc. (NYSE:GRNT) is a small cap E&P non-operator with scattered acreage in the Lower 48. They are split roughly 50% oil, 50% natural gas and produce close to 21 MBOEpd. Production comes from the Permian, Haynesville, Eagle Ford, Bakken, and DJ Basin and their operators include a mix…
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang…
Olivier Le Moal Shares of Amicus Therapeutics (NASDAQ:FOLD) declined after the company announced the FDA approval of Pombiliti and Opfolda (which was called AT-GAA), which is the third treatment approved for the treatment of late-onset Pompe disease. The decline was most likely driven by a worse-than-expected label that says only patients who are not improving…
Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year. The United States Securities and Exchange Commission (SEC) has once again postponed its decision on multiple proposals for spot Bitcoin exchange-traded funds (ETFs). This move, affecting…
Kira-Yan Background We wrote up Facebook, now Meta Platforms, Inc. (NASDAQ:META), back in September 2019 here and recommended it as a solid Compounder and cash flow generator. When the business model had inflected dramatically (for the worse owing to iOS changes and capital allocation decisions), we sold our shares. At the time, not only had…
Euro zone inflation has reduced to its lowest point in nearly 2 years after the European Central Bank hiked rates for the 10th time. The euro zone annual inflation level fell to its lowest this month, since October 2021. Annual inflation fell to 4.3%, down from 5.2% in August. Also, core inflation fell from 5.3%…
Ivelin Denev Introduction It’s no secret that REITs have been hit hard over the last few weeks. Since the last FED meeting, they’ve been hit even harder. I think now the market is pricing in a higher probability for not only for more rate hikes, but higher for longer. Yes, they have been saying this…
Since 2007, the 10-year Treasury Yield has struggled to reach its long-term average of 4.5%. The 10-year US Treasury yield, a critical indicator of economic health, has reached a significant milestone. For the first time since the Global Financial Crisis (GFC) of 2008-09, it has risen back to the 4.5% yield. This development has brought…
iQoncept Looking for high yield stocks with value and growth attributes? The 2 closed-end funds (“CEFs”) we’re covering in this article, Liberty All-Star Equity (NYSE:USA) and its sister fund, the Liberty All-Star Growth fund (NYSE:ASG), use multiple managers for investing in different areas of the market. Fund Profiles: USA uses a multi-faceted approach to its…
The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB). The move follows the footsteps…
Brandon Bell AT&T (NYSE:T) remains a “No Touch” in my book Some positive developments have come to light regarding AT&T’s prospects. The stock has risen slightly off the 30 year lows as of late. Current Chart Finviz The company has addressed two of the major issues bearish investors, myself included, have been wary of as…
The news of the new Valkyrie ETF caused a spike in Ether price. Asset manager Valkyrie has received approval to convert its Bitcoin futures exchange-traded fund (ETF) to a two two-for-one investment vehicle by combining Bitcoin and Ether futures contracts into one contract. The firm has already started buying Ether futures contracts. In a statement…
akinbostanci You make most of your money in a bear market. You just don’t realize it at the time. –Shelby Cullom Davis The market timers are out in force right now. They thrive in market environments where stocks (or certain types of stocks) are either soaring higher at a rapid clip or plummeting with no…
The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle has intervened in the US Securities and Exchange Commission’s (SEC) case against Binance, arguing that stablecoins should not be…
burakpekakcan/E+ via Getty Images Introduction It’s time to talk about the 3M Company (NYSE:MMM), the second-biggest disappointment from Minnesota after the 0-3 Vikings. Excluding dividends, 3M shares are trading more than 60% below their all-time high. They are down 22% year-to-date and less than 1% above their 52-week lows. Data by YCharts In other words,…
Musée d’Orsay will also collaborate with the Tezos Foundation on a series of conferences and educational programs over the next year. The Musée d’Orsay, home to the world’s most extensive collection of impressionist and post-impressionist masterpieces, has embarked on an innovative journey to engage a broader and younger audience by delving into the world of…
The final countdown The path towards avoiding a federal government shutdown is getting slimmer with a pending deadline of 12:01 AM ET on Sunday. Millions of federal employees and military service members will be furloughed in the event that additional funding cannot be approved, the SEC will operate with minimal market oversight, and economic data…
Earlier this year, AlphaSense closed a Series D funding round with $100 million. AlphaSense, an artificial intelligence (AI) company with years of experience in developing products that are used by the majority of S&P 500 companies, has announced the closure of a Series E funding round with $150 million secured at a total valuation of…
kelvinjay Introduction The insurance space is quite difficult to navigate efficiently seeing as a large part of the business is trying to mitigate taking too many losses. Over the last 10 years for CNO Financial Group Inc (NYSE:CNO) I think quite frankly that the performance is quite lackluster. The EPS has not been growing that…
VanEck will not invest in Ethereum directly since the product tracks Ether futures that are traded on the Chicago Mercantile Exchange (CME). A leading asset management firm with more than $80 billion in AUM, VanEck, is preparing to launch an Ethereum futures exchange-traded fund (ETF) amid heightened demand for the second-largest digital assets by institutional…
$100 U.S. banknotes stacked over each other. kool99/iStock via Getty Images If you’re reading this and human like everybody else, I’m sure that you have had at least a few sleepless nights in your life for various reasons. Perhaps you lost your job, you got divorced, or maybe you or a loved one received a…
The potential deal might put the company’s value anywhere from $5 billion to $6 billion, Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to…
We Are A Turnaround In EVC Would Unlock Strong Upside Value We last covered Entravision Communications Corporation’s (NYSE:EVC) stock back at the end of 2022. Since then, the stock has pushed upward to new 52-week highs around $7.30 and back down to 52-week lows near $3.50. This volatility from the leading multimedia company has been…
The longstanding partnership between Microsoft and AMD has been a strategic alliance that has shaped the tech industry in various ways. A recent report has revealed that shares of Advanced Micro Devices Inc (NASDAQ: AMD) rose nearly 5% on Thursday following comments from Kevin Scott, the Chief Technology Officer of Microsoft Corp (NASDAQ: MSFT) about…
Michael Warren/iStock Unreleased via Getty Images NETSTREIT Corporation (NYSE:NTST) is a young retail REIT focusing on freestanding, triple net leased buildings. It currently has 531 investment properties in 45 states, with a total of 9.5 million square feet. This is a self-managed managed REIT, and the current CEO was Head of Asset Management at Spirit…
The layoffs at Epic Games are the latest in a slew of job cuts that have plagued the tech industry. Fortnite creator Epic Games is cutting its staff by 16%. This is according to a notice from CEO Tim Sweeney to employees on Thursday. The company is also selling its music platform Bandcamp and making…
Dolas/E+ via Getty Images U.S. Silica Holdings Inc (NYSE:SLCA) is operating in the energy sector where it mostly focuses on making and selling commercial silica in the U.S. The company has a very rich history that dates back to 1894. The last couple of years have seen a pretty steady climb upwards for the share…
By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase…
Reka Olga/iStock via Getty Images Elevator Pitch JOYY Inc. (NASDAQ:YY) shares are still rated as a Hold. Earlier, my write-up for JOYY published on July 18, 2023, was focused on the preview of the company’s financial results for the second quarter of this year. Following the publication of my article in July, YY’s stock price…
Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated by the company in…
shaunl Supply chain activity has largely returned to normal, although uncertainties remain around corporate strategy, global trade policy, and environmental measures. Lower consumer demand is evident in US seaborne imports of consumer goods that have fallen by 26%. Industrial manufacturing has declined globally for over a year. Trade policies are becoming more restrictive and sustainability…
AerialPerspective Works By John Lin In an era of new economic challenges, we expect value investing to trump growth-oriented strategies for investors in Chinese equities. Investors are asking tough questions about China as hope for its post-COVID resurgence gives way to concern about its economy. Despite the uncertainties, we think China remains investible and a…
Ralf Hahn Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth. So I’ll just start with this, and then I’ll follow with the essential nitty-gritty: “Corporate profits” (all businesses that file corporate tax returns, including LLCs and S corporations, see nitty-gritty #2 below) before…
Olivier Le Moal Look at appropriate payout ratios for CAPEX-heavy industries and real estate income trusts (REITs). If you don’t, you could be surprised by dividend cuts or miss out on great companies! The classic payout ratio is calculated like this: For some industries, this metric is completely misleading. Why? Because their EPS is not…