primeimages The S&P 500 (Index: SPX) dropped 0.7% from its previous week’s close to end the third calendar quarter of 2023 at 4288.05. The main reason the market fell during the final week of 2023-Q3 is the developing consensus the Federal Reserve will hold interest rates higher for longer because inflation has not yet been…
Ridofranz/iStock via Getty Images Medical Properties Trust, Inc. (NYSE:MPW) has unveiled its financial and operational performance for the second quarter of 2023, painting a complex picture of strategic gains and fiscal deficits. This revelation comes against significant strategic moves, including new rent accruals and divestitures, aimed at refining its portfolio in the nuanced healthcare property…
heyengel When Carnival Corporation & plc (NYSE:CCL) Q3 2023 earnings hit late last week, the results broke a fourteen-month string of consecutive quarterly losses. To characterize the effects of COVID on Carnival as a headwind is a gross understatement. In fact, it was the financial equivalent of a Hurricane. In FY 2020, the company posted…
onurdongel Shares of International Paper (NYSE:IP) have been a solid performer over the past year, rising about 10%. In addition, they offer a fairly juicy dividend yield of about 5.2%. Its business has faced headwinds over the past year, but it appears to be in the process of bottoming. As such, I believe it is…
ilkermetinkursova Introduction PetMed Express, Inc. (NASDAQ:PETS) is a nationwide pet pharmacy that markets prescription and non-prescription pet medications, health products, and supplies for dogs, cats, and horses directly to the consumer. The company faces a number of challenges in the current competitive landscape, including competition from larger players, such as Chewy (CHWY), Walmart (WMT), and…
mikkelwilliam By Levi at Elliott Wave Trader, produced with Avi Gilburt While the (SPY) managed a meager +2% gain, in the same time frame Toyota (NYSE:TM) has run some 30%-plus. We talked about this setup back at the end of May in this article: Toyota Motor: Has It Lost That Loving Feeling?. Updated commentary on…
f11photo Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) is highly popular among income investors due to its high dividend yield of 9%, but I find this fund to be highly speculative in nature and possibly too risky due to many of its holdings, which I will explain below. The fund mainly invests in REITs…
vm Otis (NYSE:OTIS) emerged as a prominent elevator and escalator manufacturer following its spinoff from United Technologies in 2020. The company’s primary revenue stream comes from its service sector, which accounts for over half of its group revenue. This service division boasts significantly higher margins and exhibits stable organic growth. Otis aims for a modest…
Justin Sullivan Since July 2021, I have chronicled Gannett’s (NYSE:GCI) transformation from the nation’s largest newspaper operator into a digitally focused media and marketing solutions company, but very few investors have paid attention. The proof is in what has been abysmal stock price performance over the past two years, which begs the question, is this…
While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter…
bodnarchuk Introduction Galiano Gold (NYSE:GAU) operates and manages the Asanko gold mine, or AGM, located in Ghana, West Africa, jointly owned with Gold Fields (GFI). Also, Galiano Gold owns the Asumura project indicated below (see map below). Note: Galiano is the joint venture operator and receives an annual service fee from the JV. Gold Fields…
Birkenstock confidently moves ahead with its IPO plans despite mixed performances of other listings in September. Goldman Sachs, JPMorgan, and Morgan Stanley shall be the underwriters for the IPO. Birkenstock, the renowned German premium footwear brand supported by private-equity firm L Catterton, has announced its intention to pursue a highly anticipated initial public offering (IPO)…
Kameleon007/iStock via Getty Images Why investors buy tobacco stocks… and why some don’t The tobacco industry is known for a lot of favorable investment attributes. Since you’re following British American Tobacco p.l.c. (NYSE:BTI), I probably can’t name one you don’t already know: High dividend yields, high gross margins, low P/E ratios, share buybacks, high returns…
While FTX customers remain optimistic about the future of cryptocurrency, their battle for compensation continues. As Sam Bankman-Fried (SBF), the former CEO of the defunct FTX exchange faces criminal charges, customers who lost significant sums in the debacle remain bullish on crypto. In a new CNBC documentary premiering later today, they share their experiences and…
sanjeri A Quick Take On Lexeo Therapeutics, Inc. Lexeo Therapeutics, Inc. (LXEO) has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The clinical-stage biopharma is developing treatments for various cardiovascular and Alzheimer’s conditions. When we learn more about management’s pricing and valuation assumptions, I’ll…
If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures. Grayscale Investments, one of the world’s largest asset management companies, has submitted a formal request to the US Securities and Exchange Commission (SEC) for approval to convert the Grayscale Ethereum Trust (ETHE) into…
Petmal Founded in Napoleonic times as a mining operation by an inventor of industrial scale zinc production, today’s Umicore SA (OTCPK:UMICF;OTCPK:UMICY) focuses primarily on the circular economy with a particular emphasis on the transportation sector. Umicore is a leading producer of catalysts for the use in passenger and light-duty vehicles and has a strong battery…
JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The…
Spencer Platt/Getty Images News Fox Corporation (NASDAQ:FOXA) has undergone notable leadership and strategic direction changes. The transition from Rupert Murdoch to Lachlan Murdoch could affect the company’s future trajectory. In my view, leadership changes often bring about shifts in corporate strategy, and given Rupert’s significant influence in the industry, Lachlan’s approach will be keenly observed….
In another unfortunate turn of events for anyone hoping their right to privacy to be protected as guaranteed by the US Constitution, the UN Declaration of Human Rights, or applicable state and federal law, the US government has argued that the disclosure of proprietary Chainalysis heuristics information in the case US vs. Sterlingov would “jeopardize…
champpixs One of the questions we get asked a lot by our many followers and group members is “what is the type of stock to own in this environment?” You have small caps that have been battered, companies that have revenue growth but no earnings that are in trouble due to the need to borrow,…
This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “Romantic love is an addiction”, says Dr. Helen Fisher, a biological anthropologist at Rutgers University. “My guess is that our modern addictions — nicotine, drugs, sex, gambling — are simply…
ipopba “The problem with people who have no vices is that generally you can be pretty sure they’re going to have some pretty annoying virtues.” – Elizabeth Taylor It has been over 15 months since our first and only look at Virtu Financial, Inc. (NASDAQ:VIRT). The shares were recommended as a potential small, covered call…
In a characteristically bold and provocative post, Tesla and SpaceX CEO Elon Musk has once again stirred the financial world by declaring, “Fiat currency” a scam. Musk, responding to a post asking other X users what they think is a scam so normalized that people don’t even realize it is a scam, did not provide…
simonmayer Over the past few months, I have been one of the few Seeking Alpha analysts who have maintained a bearish outlook on Petrobras (NYSE:PBR) (NYSE:PBR.A) due to various sources of political risks. However, this pessimism has not been validated on the stock as Petrobras continues to perform exceptionally well, even after experiencing a significant…
The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE:…
DKosig/iStock via Getty Images Investment Thesis InterDigital (NASDAQ:IDCC) is a research and development company primarily focused on wireless, visual, and related technologies. Its revenues came from the licensing of its patents. As we surmise this analysis, what stands before us is a less than straightforward thesis, with enough bullish and bearish arguments for both sides…
Property arises naturally, through labour (transformation of matter) and through the peaceful exchange of individuals. It is a foundational concept that enables human action by allowing individuals to satisfy needs and navigate uncertainty. This results in resources being used most efficiently as individuals who own them have a strong interest in doing so. In contrast,…
Torsten Asmus Introduction Investment grade corporate bond funds tend to be a better choice than high-yield bond funds in times of market turmoil. However, last year was a brutal year for both types of funds as the Federal Reserve aggressively hiked the rate. Will this trend continue towards the end of 2023 and into 2024?…
Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2,…
Phiromya Intawongpan Recently, my attention was drawn to an ad promoting iShares Total Stock Market ETF (NYSEARCA:ITOT) (prospectus). The ad highlighted the diverse nature of the index into the total stock market, along with the fund’s reasonable 0.03% expense ratio. I’m not an avid investor of exchange traded funds, but if I’m going to participate…
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth…
temizyurek I last updated investors in the leading mining company Rio Tinto Group (NYSE:RIO) in November 2022, after iron ore futures (TIOC:COM) reached its bottom in October 2022. I noted then that RIO dip buyers had already anticipated the bottom in underlying iron ore prices, as RIO bottomed out in September 2022 before surging toward…
Nine years ago today, Wikileaks founder Julian Assange made his most substantial public remarks on the nature of Bitcoin, a then five-year-old project that had just broken into the financial mainstream by passing $1,000 the year prior. At that time, Assange was not new to Bitcoin. In fact, Wikileaks had discussed accepting Bitcoin since as…
peepo My Thesis: Patience Ferrari (NYSE:RACE) represents my ideal company to own. I am not referring solely to the car, which is the dream of many; rather, I am specifically interested in the company itself. There are only a few firms that have consistently outperformed their competition over such an extended period. In my estimation,…
In addition to the 15% price surge, Solana’s total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million. In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last…
JuSun It has now been over 10 years since I made my first real estate investment trust (“REIT”) investment. It was actually a mortgage REIT (“mREIT”) and its name was CYS Investments. What attracted me to this REIT back then was its >10% dividend yield, which seemed to be sustainable. Its lending strategy also seemed…
The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions. Swiss multinational investment bank and financial services company UBS Asset Management (SWX: UBSG) has launched the first pilot of a tokenized Variable Capital Company (VCC) fund – a…
Pharmaceutical company AbbVie should announce its next annual dividend increase in October. The company has increased its dividend each year since its spin-off from Abbott Labs. vzphotos This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of August, I…
Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereum’s liquid staking providers. In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers. Vitalik Buterin…
alfexe/iStock via Getty Images The Saba Capital Income & Opportunities Fund (NYSE:BRW) is a very interesting closed-end fund that employs a fairly unusual strategy in order to provide a very high level of income to its investors. Indeed, the fund’s current 13.28% yield is a testament to its success in this area. Unfortunately, anytime a…
Coinbase, one of the world’s largest Bitcoin and crypto exchanges, has received approval from the Monetary Authority of Singapore (MAS) to offer Bitcoin buying and selling services to both retail and institutional investors in the country. This milestone makes official Coinbase’s expansion into the Singaporean market, which has been gradually embracing Bitcoin as an investment option….
Justin Sullivan We rate PayPal (NASDAQ:PYPL) as a hold as, in our view, the company does not have a clear catalyst for the short term or middle term, making the long term even more uncertain; we think that an underweight would be a more exact rating. The stock price has dropped more than 80% from…
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On…
Jeremy Poland North European Oil Royalty Trust (NYSE:NRT) owns rights to royalties from a concession of oil and gas extraction in Oldenburg. Their performance this year was negatively impacted by YoY price declines and some maintenance projects that hit volumes. We think that run-rate incomes understate the potential picture as we approach winter, but still…
Bitwise will be introducing its customers to CME futures through the AETH and BTOP products that expand the company’s suite of crypto products amid heightened demand from institutional investors. Leading crypto index fund manager in the United States Bitwise announced that it will be launching two of its Ethereum-themed ETFs dubbed the Bitwise Ethereum Strategy…
RossHelen/iStock via Getty Images Investment Thesis While AZZ Inc.’s (NYSE:AZZ) valuation is not expensive, it faces headwinds from the tough macroeconomic environment which is slowing some of its end-markets including commercial and residential construction, transportation, and HVAC. The company’s high debt levels and the high interest rate it is paying on its variable debt should…
Despite this major shuffle by FTX exploiter, Ethereum price has gained to $1,750 levels before the launch of Ethereum futures ETFs. Recent data from Spot On Chain indicates that an address associated with the FTX exploit, specifically identified as 0x3e9, has initiated transfers exceeding 10,000 Ether (ETH), currently valued at approximately $17 million. These transfers…
jetcityimage UnitedHealth Group Incorporated (NYSE:UNH) is expected to report its Q3 results pre-market on Friday, October 13th. I am not the most superstitious but that gave me a chuckle. Friday, the 13th in the Halloween month. That naturally begets the question, will UnitedHealth’s earnings spook the market? UNH Earnings Preview (Seekingalpha.com) My most recent coverage…
Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a…