Anne Czichos Investment Thesis I saw Chipotle Mexican Grill’s (NYSE:CMG) FW PE ratio and it raised suspicions of whether it’s justified. From a value standpoint, the company is very overvalued, and I will not be starting a position any time soon. However, from a historical standpoint, the company’s FW PE ratio seems to be trading…
Darren415 In this article, we provide an update on the PIMCO CEF suite. Specifically, we discuss the changes in leverage and distribution coverage for the month of August. We also highlight the key tidbits from the recently released shareholder report as well as the results of the ARPS tender offer. Coverage Update Coverage across taxable…
Kerkez/iStock via Getty Images We passed on Granite Real Estate Investment Trust (NYSE:GRP.UN) (TSX:GRT.UN:CA) back in June of this year, since we expected a slowdown in the industrial sector. We preferred to hold out for a dip in the more favorably valued Dream Industrial Real Estate Investment Trust (OTC:DREUF) (DIR.UN:CA). Even then, Dream Industrial traded…
p_ponomareva/iStock via Getty Images About a year ago, I wrote a cautious initiation article on Pactiv Evergreen (NASDAQ:PTVE), noting that it was a heavily indebted company with half of its debt being floating rate term loans, which was not ideal in a rising interest rate environment. Since my article, PTVE’s stock has delivered -15% total…
Richard Villalonundefined undefined Back on July 5, 2023, I explained in the article, Why I’m Buying DIA This Month Instead Of VOO that I was buying the SPDR Dow Jones ETF (NYSEARCA:DIA) with investments I made going forward because I expected I’d soon be getting some tax loss harvest opportunities. I believed that in a…
kentoh BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a CEF that I originally covered a few months ago in an article titled I’m Buying BMEZ As It Trades At 14% Discount To Its NAV. Since then I must admit that not only did the fund perform poorly but also its NAV discount widened even further….
Igor Ovsyannykov/iStock via Getty Images Snap-on Incorporated (NYSE:SNA) sells tools in a wide range of industries. The company has had a massive amount of operating leverage in the company’s long-term history as Snap-on’s margin has over tripled in the last twenty years. Although Snap-on’s financial history is extremely good, I only have a hold-rating for…
Phiromya Intawongpan Introduction MBIA Inc. (NYSE:MBI) is engaged in the insurance industry where it serves a variety of different customers and clients through its operational and extensive offerings as well. Looking at the last 12 months for the company, the share price has been very volatile. In early March, the share price tumbled quickly following…
NIKE, Inc. (NYSE:NKE) Q1 2024 Earnings Conference Call September 28, 2023 5:00 PM ET Company Participants Paul Trussell – VP, IR and Strategic Finance John Donahoe – President and CEO Matt Friend – CFO Conference Call Participants Robert Drbul – Guggenheim Partners Adrienne Yih – Barclays Alex Straton – Morgan Stanley Matthew Boss – JPMorgan…
Damir Khabirov Over the last few years, Meta Platforms, Inc. (NASDAQ:META) has been a controversial stock and a very volatile investment. The social media giant has now reinvented the business and is poised to ride the AI wave higher while still struggling to live up to its new name. My investment thesis remains ultra Bullish…
BlackBerry Limited (NYSE:BB) Q2 2024 Earnings Conference Call September 28, 2023 5:30 PM ET Company Participants Tim Foote – Vice President, Investor Relations John Chen – Executive Chairman and Chief Executive Officer Steve Rai – Chief Financial Officer Conference Call Participants Michael Walkley – Canaccord Genuity Luke Junk – Baird Trip Chowdhry – Global Equities…
Vail Resorts, Inc. (NYSE:MTN) Q4 2023 Earnings Call Transcript September 28, 2023 5:00 PM ET Company Participants Kirsten Lynch – CEO Angela Korch – CFO Conference Call Participants Shaun Kelley – Bank of America Laurent Vasilescu – BNP Paribas Jeff Stantial – Stifel Patrick Scholes – Truist Chris Woronka – Deutsche Bank Brandt Montour –…
Start Time: 16:30 January 1, 0000 4:54 PM ET The Glimpse Group, Inc. (NASDAQ:VRAR) Q4 2023 Earnings Conference Call September 28, 2023, 16:30 PM ET Company Participants Lyron Bentovim – President and CEO Maydan Rothblum – CFO and COO Conference Call Participants Casey Ryan – WestPark Capital Jordan Satary – Beeline Advisory Operator Welcome to…
GordonHeeley/E+ via Getty Images Topline Summary Immuneering Corporation (NASDAQ:IMRX) is a biotech developing novel small molecules directed at MEK, with the unique angle of pursuing cyclical inhibition, rather than continuous shutdown of their targets. While this is an interesting concept, they’re still quite early in development, and cash is going to present a challenge, likely…
Eric Thayer/Getty Images News Costco: (NASDAQ:COST) reported fourth-quarter earnings per share (EPS) of $4.86, beating analyst expectations by $0.07. Revenue came in at $78.94 billion, also beating expectations by $1.22 billion. Comparable sales increased 1.1% year-over-year, excluding gas and foreign exchange effects. However, comparable sales in the United States were flat, as gas deflation and…
sommart Research Summary Today I’ll be doing my 3-month review of a stock I rated back in June, using an updated rating methodology and seeing if it earns an upgrade or not. Citizens Financial (NYSE:CFG) continues to be on my watchlist of regional bank stocks, and since my last analysis on June 30th the share…
ANNVIPS The US construction and property development industry has shown remarkable strength this year despite significant declines amongst most REITs. The record-breaking increase in long-term interest rates has dramatically slowed residential and commercial property sales. However, only the commercial property market has experienced significant price declines. Residential homes have retained their value despite record-low affordability…
naphtalina/iStock via Getty Images I wouldn’t make that bet. Despite 10-year yields breaking above the dreaded 4.50% level, history shows – at least 11x since 1960 that many of the “breakouts” in yields wind up actually being “fake outs” in yields. Don’t buy the hype… For everyone shorting bonds in the hole, keep in mind…
da-kuk This year, India surpassed China as the most populous country in the world, and has continued to show strong economic growth. These positive reports, and general optimism about India being the fastest growing large emerging market on friendly terms with the United States, probably explain why India now has a CAPE ratio of 32.2,…
Mario Tama Recently, and too much fanfare, Mediterranean fast-casual spot Cava (NYSE:CAVA) went public, joining the ranks of the more than 4,200 other public companies listed on American exchanges. After pricing the IPO well above its range, the stock traded up more than 38% to the ~$55 per share mark following the offering: TradingView However,…
yorkfoto Introduction On September 24, I co-published an article with Brad Thomas on increasing risks in the real estate space. We focused on multi-family housing, which is one of the sectors seeing billions of dollars of inflows from investors. Despite being one of the healthiest segments, it is now seeing some serious cracks, as we’re…
Sansert Sangsakawrat/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. BlackRock Enhanced Capital and Income Fund (NYSE:CII) remains a solid choice for long-term income investors. The fund has produced attractive returns while paying out a solid monthly distribution. However, the downside to considering an entry into this fund at this time remains…
According to analysts, there are 15 Ether futures ETFs awaiting approval. The United States Securities and Exchange Commission (SEC) has postponed its decision on spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This comes after a September 26 announcement from the regulator saying it had extended the period for deciding on spot…
Ethan Miller/Getty Images News Investment Thesis Qualcomm (NASDAQ:QCOM) is an American semiconductor firm specializing in mobile and IoT technologies. QCOM saw a pullback in 3Q23 amid weaker-than-expected results and headwinds. Despite this, it remains a market leader, paying a 2.8% dividend yield. The investment case has been reinforced with the renewal of the Apple (AAPL)…
One of the biggest challenges Bitcoin faces is scalability. Transactions can be slow and costly, making mainchain settlement less efficient for everyday transactional use. Enter the Lightning Network, an innovative solution that has the potential to make Bitcoin unstoppable. In the latest episode of Bitcoin Backstage, we explore the concept behind the Lightning Network, its…
CarMax, Inc. (NYSE:KMX) Q2 2024 Earnings Conference Call September 28, 2023 9:00 AM ET Company Participants David Lowenstein – Assistant Vice President, Investor Relations Bill Nash – President and Chief Executive Officer Enrique Mayor-Mora – Executive Vice President and Chief Financial Officer Jon Daniels – Senior Vice President, CarMax Auto Finance Operations Conference Call Participants…
Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens. A mathematician working for Celsius Network’s valuation advisor Stout Risius Ross LLC has confirmed that the fair value of some debtors’ assets and liabilities as of May 31, 2023, is correct. Joel…
Worthington Industries, Inc. (NYSE:WOR) Q1 2024 Results Earnings Conference Call September 28, 2023 9:00 AM ET Company Participants Marcus Rogier – Treasurer and Investor Relations Officer Joseph Hayek – Vice President and Chief Financial Officer Tim Adams – Vice President and Chief Financial Officer, Steel Processing Business Andy Rose – President and Chief Executive Officer…
In the world of finance, Bitcoin has emerged as a game-changer. This novel virtual form of money has the potential to revolutionize the global economy and transform the way the world conducts transactions. However, as with any disruptive innovation, the intersection of strategic competition and digital currencies raises crucial questions and challenges. To shed light…
Jabil Inc. (NYSE:JBL) Q4 2023 Earnings Conference Call September 28, 2023 8:30 AM ET Company Participants Adam Berry – Vice President of Investor Relations Kenny Wilson – Chief Executive Officer Fred McCoy – Executive Vice President of Global Business Units Mike Dastoor – Chief Financial Officer Conference Call Participants Ruplu Bhattacharya – Bank of America…
Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space…
Michael M. Santiago Listen below or on the go on Apple Podcasts and Spotify Shares rise as meme crowd favorite Cohen takes GameStop (GME) top spot. (0:15) ChatGPT goes real time. (2:55) S&P ETF is the most oversold it’s been in a year. (3:25) This is an abridged transcript of the podcast. Our top story…
Andy Flury is founder and CEO of Wyden, a company providing institutional trading technology for digital assets. Over the past nine months, Bitcoin has seen a surge of around 50 percent. Blackrock, the world’s largest asset manager, has applied for a BTC ETF. And Germany’s largest credit institution, Deutsche Bank, is currently in the approval…
Sundry Photography Trust arrives on foot and leaves on horseback. (Vertrouwen komt te voet en gaat te paard). -Dutch proverb. I know that comes with how hard it is to earn trust, and I know how easy it is to lose trust. – Marc Whitten, President, Unity Create. What We’ve Got Here Is A Failure…
Digital transformation is rapidly shaping the global financial landscape, and bitcoin, the pioneering decentralized cryptocurrency, stands tall as a symbol of this revolution. While bitcoin’s global popularity is undeniable, there’s an emerging trend spotlighted in a recent survey conducted by Jack Dorsey‘s Block, Inc., in conjunction with Wakefield Research: developing nations are displaying a burgeoning…
Accenture plc (NYSE:ACN) Q4 2023 Earnings Conference Call September 28, 2023 8:00 AM ET Company Participants Katie O’Conor – Managing Director, Head of Investor Relations Julie Sweet – Chair and Chief Executive Officer KC McClure – Chief Financial Officer Conference Call Participants Tien-Tsin Huang – JPMorgan James Faucette – Morgan Stanley Lisa Ellis – MoffettNathanson…
Amsterdam, September 28, 2023 – Three finalists have been selected for the Bitcoin Alpha Competition, a crowd-sourced campaign to find the next top Bitcoin fund manager. The manager with the most promising approach for generating alpha in the bitcoin market will be awarded $1 million USD in seed capital and announced on the Main Stage…
Just_Super Investment Thesis Nutanix, Inc. (NASDAQ:NTNX) offers a hyperconverged hybrid storage and database services that simplifies data management, providing customers with the freedom to choose the deployment model that suits them best. For instance, if there are data security issues that require their data to stay on-premise rather than in the cloud. Nutanix may not…
The Babylon mainnet upgrade brings improved security measures to the Radix network. Radix Publishing, a publisher of code for the Layer 1 smart contract platform Radix has announced the completion of its long-awaited Babylon mainnet upgrade. This development marks the end of the Olympia era and is set to prove to be a game-changing moment…
Vertigo3d Now, the argument for Artificial Intelligence (“AI”) is moving into government circles. Simon Kuper writes in the Financial Times: “Democracies tend either to act too late, or quickly but stupidly.” “That’s suboptimal, especially as life speeds up.” “AI advances almost weekly…” “So how can we make democracies faster and smarter?” The question? “How can…
The US Census Bureau reported that Durable Goods Orders in August improved by 0.2% month-on-month (m/m) following a 5.6% decline in the previous reading. The EUR/USD currency pair, one of the important barometers of global economic sentiment, found itself under pressure during the early Asian session earlier today, struggling around the 1.0500 mark. EUR/USD Pair…
Dragon Claws Investing strategies often have to evolve as market conditions become more challenging. While the S&P 500 (SPY) and most of the major indexes rose significantly over the last two decades, past performance is not always indicative of future results. With a slowing economy, inflation levels still at very high rates, and political uncertainty…
As part of Project Marina, the three banks have collaborated with the Bank of International Settlements (BIS), for conducting CBDC cross-border settlements. The central banks of France, Switzerland, and Singapore collaborated with the Bank of International Settlements (BIS) to conduct a joint test for cross-border payments with central bank digital currencies (CBDCs). On Thursday, September…
RichLegg After a big rally for its stock in July as the hotel operator added restaurants to its business menu, the company’s latest financial results received a more cautious reception. GreenTree Hospitality Group Ltd.’s (NYSE:GHG) hotel business has been rocking as Chinese tourists and business travelers return to the road with a vengeance during the…
CZ confirmed that Binance did encourage CommEX to have a similar design and technical features to Binance. Changpeng Zhao (CZ) has denied claims that he may be the owner of CommEX, a company whose identity continues to raise suspicion. CZ issued the disclaimer on Thursday in line with the growing speculations around the ownership of…
Kevin Dietsch/Getty Images News Our Best Quarter Yet On Saturday, I reached out to a friend and shared, Affirm’s best Q ever, no? Still no competition for Affirm Card, and rewards will likely be very unique also as it won’t simply be a cut of MDR (merchant discount rate) nor simply one time cash back…
Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch. Crypto.com, a Singapore-based digital assets trading platform, has formed a strategic alliance with PayPal and Paxos to strengthen its global standing as the preferred exchange for the PayPal stablecoin PYUSD. The move builds…
PM Images The real estate investment trust, or REIT, sector (VNQ) has declined by over 30% since the beginning of 2022 and this has created a historic opportunity to buy quality real estate at a heavily discounted price. Data by YCharts But the REIT sector is vast, with over 200 different companies to choose from,…
Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its…
Filmstax/iStock via Getty Images Co-authored by Treading Softly This past Mother’s Day, I splurged on a gift for my wife. My wife and I are both heavy coffee drinkers. We love the smell. We love the taste. We love the experience of having a good cup of coffee or espresso drink. So this past Mother’s…