DNY59 Defying the skeptics all year long, consumers continued to power the ongoing expansion, as economic growth in the third quarter soared at an annualized 4.9%. Yet that did not drive interest rates higher, as the consensus might have anticipated because inflation data in the report was better than expected. As a result, bond yields…
Although the monetary terms of the acquisition were not disclosed, this is not the first time Animoca Brands would be investing in Web 3.0 game companies. Popular gaming giant Animoca Brands has announced its acquisition of Web 3.0 streaming platform Azarus as part of its metaverse gaming revolution. Animoca would be seeking to leverage Azarus’…
bodnarchuk Introduction The Toronto-based Alamos Gold Inc. (NYSE:AGI) released its third-quarter results on October 25, 2023. Note: This article updates my article published on July 31, 2023. I have followed AGI on Seeking Alpha since August 2017. President and CEO John McCluskey said in the conference call: We delivered another strong quarter with production of…
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary…
Feverpitched Today, I invest about 50% of my net worth into a portfolio of 25 real estate investment trusts, or REITs, that I have cherry-picked to maximize returns in a future recovery. But I often get asked: What REITs would you buy if you could only own 3 of them? It is a tough question…
The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving. The hashrate for Bitcoin hit a record high on Saturday, cresting at 543 EH/s at 8:00 am GMT. This beat the 525 EH/s recorded on the 7th and 10 of October. The current high puts the…
NongAsimo Introduction The last time I wrote about Sterling Infrastructure, Inc. (NASDAQ:STRL) was in mid-July 2023 when the stock was trading at $59.11. At the time I initiated a “Buy” rating, so I’m glad to see that since then STRL stock is up almost 20% while the S&P 500 Index (SPY) (SP500) (SPX) is down…
In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion). Tether (USDT) stablecoin has become the most widely used cryptocurrency in Brazil, with its adoption incredibly soaring this year. According to the report from Brazil’s Receita Federal (the Special…
choness This article was co-produced with Kody Kester of Kody’s Dividends. ———————————————————————————- Successful investing centers on the principles of quality first, valuation second, and smart risk management invariably. Albemarle Corporation (NYSE:ALB) is a best-of-breed specialty chemicals company mostly focused on the white gold of the 21st century, lithium. Eli Lilly and Company (NYSE:LLY) is a…
In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share. HSBC Holdings Plc (LSE: HSBA.L), Europe’s largest bank by assets, has reported remarkable financial results for the third quarter of 2023, with its profit after tax surging to $6.26 billion. Beyond Profits: HSBC’s Q3 2023…
Scott Olson The recent market environment has proved especially challenging for a lot of stocks typically viewed as defensive. From the YTD high reached on July 27, 2023, the S&P 500 ETF Trust (SPY) has delivered a total return of -8.9%. Typically during market sell-offs, two sectors that tend to outperform due to their defensive…
SBF began his official testimony in the case against him on October 27. The former FTX CEO Sam Bankman-Fried’s (SBF) criminal trial took a new turn last week after he agreed to give his testimony before jurors. The Criminal Trial So Far The SBF trial kicked off with jury selection on October 3. Since then,…
RiverNorthPhotography Shares of Bank of New York Mellon (NYSE:BK) have traded flat over the past twelve months, outperforming some regional banks that were hurt by the deposit crisis after the failure of Silicon Valley Bank, but also underperforming the broader market. Ultimately, I see BNY as essentially trading around fair value given the lack of…
Ripple CEO Brad Garlinghouse reminds how Jay Clayton has pushed the case against Ripple while exposing his hypocrisy against the recent SEC actions. Ripple CEO Brad Garlinghouse has expressed strong criticism of former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s statements concerning the regulatory approach of the agency. In early 2023, the…
Milan Markovic/E+ via Getty Images Shares of Kimco (NYSE:KIM) have had a challenging twelve months, losing about 18% of their value. Since I recommended shares last October, they have returned a disappointing -10%. As I expected, the company has been raising its dividend, up from $0.22 to $0.24 with another penny increase possible in the…
Amax Photo/iStock via Getty Images I came across the Innovator Buffer ETFs earlier this year when I reviewed the Innovator Nasdaq-100 Power Buffer ETF – April (NAPR) and recommended investors choose the July series instead. I believe the Buffer ETF concept is an interesting innovation that may be useful for conservative investors worried about market…
samxmeg SCHE strategy and portfolio Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) started investing operations on 1/14/2010 and tracks the FTSE Emerging Index. It has 1918 holdings, a trailing 12-month yield of 3.17% and an expense ratio of 0.11%. Distributions are paid semi-annually. As described by FTSE, The FTSE Emerging Index provides investors with a comprehensive…
Having adopted Bitcoin alongside the United States dollar as the legal tender two years ago, El Salvador has attracted significant capital investment through tourism and immigration compared to its neighbors. Amid the global economic shift caused by the fast growth of the BRICS alliance, the Middle East crisis, and the Russia vs Ukraine war, El…
Sundry Photography U.S. Bancorp (NYSE:USB) is one of the largest banks in the United States. Like many in its industry, the bank has a variety of preferred shares. Of the six issuances, two of them are paying dividends based on a floating interest rate. The Series A preferred share (NYSE:USB.PR.A) is on pace to pay…
skynesher/E+ via Getty Images Thesis The bears and the bulls both have had their way with the stock of Cassava Sciences (NASDAQ:SAVA) and probably will continue to do so going forward. The original science surrounding its drug candidate is disputed, though meanwhile outside institutions and new research continue to confirm an apparent drug effect. The…
audioundwerbung I have recently initiated coverage of Linde plc (NYSE:LIN) in which I described my general thesis behind the company (Linde: Best Of Breed Defensive Growth Plus Hydrogen Upside Make It A Buy) and outlined some key points of interest that I advise investors to monitor over the next quarters. On October 26, Linde released…
Ronald Martinez You’re probably familiar with AT&T (NYSE:T) and its stock at this point. Countless digital ink has been spilled on the massive telecom company over the last few years, especially in light of the company’s recent breakup with Warner Bros. Discovery (WBD) and all of the surrounding drama. You’re probably also familiar with the…
Kemal Yildirim AbbVie (NYSE:ABBV) is one of the largest companies in the global pharmaceutical market. The company is headquartered in North Chicago. Thesis Since writing our last article, the company’s share price has continued a downward movement, in line with our expectations. However, AbbVie’s published financial results for the third quarter of 2023 were a…
Kateryna Kolesnyk/iStock via Getty Images Looking for relative strength into year-end? Check out Poland. Ranked 1 out of 400 in its Asset Class, the iShares MSCI Poland ETF (NYSEARCA:EPOL) has outperformed the S&P 500 over several timeframes lately, after undergoing severe underperformance for years since its 2010 inception. I have a buy rating on the…
KamiPhotos/iStock via Getty Images Sprott Focus Trust Inc. (NASDAQ:FUND) invests in stocks with a fundamentals-based approach through a closed-end fund (CEF) structure. The attraction here is the actively managed strategy from a recognized institution. Income investors may also find appeal in the 7% yield through a managed distribution. That being said, we’re highlighting an ongoing…
Rex_Wholster I wrote about Planet 13 (OTCQX:PLNH) in mid-August after it reported its Q2, calling it cheap. It is a bit higher now, but it is down a lot since it exploded higher in early September, more than doubling. It is down again year-to-date and offers investors the best way to invest directly in the…
anyaberkut/iStock via Getty Images Novartis (NYSE:NVS) recently completed the spin-off of Sandoz which transformed the company into a pure-play biopharma company with higher margins and a somewhat improved growth profile. The stock is also down 12% since my previous neutral/hold article and the lower valuation coupled with improved margins and growth prospects put the company…
Pogonici/iStock via Getty Images You can only make decisions on valuation for the long haul. It seldom works out in the short run. The same was the case for New York Community Bancorp, Inc. (NYSE:NYCB) where we left a lot of money on the table as we exited. Our rationale was as follows. So while…
jetcityimage Introduction General Electric (NYSE:GE) may be one of the best examples of a successful corporate comeback. I don’t know if comparisons to the Patriots vs. Falcons Super Bowl are appropriate, but it sure feels a bit that way. Throughout almost the entire game, people thought the New England Patriots were done, with an implied…
HeliRy Note: I have covered Imperial Petroleum (NASDAQ:IMPP, NASDAQ:IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Last week, Imperial Petroleum reported very weak third quarter results as fleet utilization suffered from an elevated number of dry-dockings as well as seasonally weaker demand. In addition, revenues and…
hapabapa Earnings season has been dramatic. The S&P 500’s blended EPS growth rate for the quarter is solid at 2.7% – above what strategists had predicted heading into the Q3 reporting period. Despite the generally decent results, earnings revisions have been cautious and stock price reactions have been downright spooky. FactSet notes that companies beating…
POSCO Holdings Inc. (NYSE:PKX) Q3 2023 Earnings Call Transcript October 24, 2023 2:00 AM ET Company Participants Jeong Ki-Seop – President, Co-CEO, CSO Han Young-Ah – Head of Investor Relations Lee Kyung-seop – Chief of LiB Materials Business Conference Call Participants Kim Sang-hoon – HI Investment & Securities Operator We will now begin the 2023…
Brandon Bell/Getty Images News Introduction San Antonio-based Valero Energy Corporation (NYSE:VLO) released its third-quarter 2023 results on October 26, 2023. Note: This article updates my article published on August 26, 2023. I have followed VLO on Seeking Alpha since December 2017. Among the three refiners I track on a quarterly basis are Valero Energy, Marathon…
imaginima Servers: A Story of Ongoing Growth AI, Networking, and the Hybrid Cloud The server market sits at the tail end of the global semiconductor ecosystem. After fabless companies design chips and fabs manufacture them, it’s on server OEMs and ODMs to incorporate leading technology into marketable products. Servers are the computers that power the…
andreswd/E+ via Getty Images As I have expressed in my recent article on the Brazilian mining giant Vale (NYSE:VALE), my investment thesis for the company is primarily centered on its capacity to consistently provide robust dividends to shareholders while trading at an exceptionally appealing valuation. The most recent results reported by the company further support…
ExlService Holdings, Inc. (NASDAQ:EXLS) Q3 2023 Earnings Call Transcript October 26, 2023 10:00 AM ET Company Participants John Kristoff – VP of IR Rohit Kapoor – Vice Chairman and CEO Maurizio Nicolelli – CFO Conference Call Participants Bryan Bergin – TD Cowen Maggie Nolan – William Blair Ashwin Shirvaikar – Citi Mayank Tandon – Needham…
Telenor ASA (OTCPK:TELNY) Q3 2023 Earnings Call Transcript October 25, 2023 3:00 AM ET Company Participants Frank Maao – Head of IR Sigve Brekke – CEO Tone Hegland Bachke – CFO Conference Call Participants Ondrej Cabejsek – UBS Jakob Bluestone – Exane BNP Paribas Andrew Lee – Goldman Sachs Nick Lyall – Societe Generale Maurice…
“If all Altria shareholders quit smoking, the company cuts its dividend and we are right back to square one on our finances.” Gorica Poturak A little while back, we suggested that Altria Group Inc. (NYSE:MO) investors were in for a declining royalty type of investors and that total returns would be rather poor. Our conclusion…
Damir Khabirov Meta Platforms (NASDAQ: NASDAQ:META) has seen its share price skyrocket from its lows, as investors become less concerned about its AR/VR spending. Apple (NASDAQ: AAPL) entering the industry has likely been a strong source of support. The company does maintain a strong core business, but its ad business continues to see threats. Our…
Randstad N.V. (OTCPK:RANJF) Q3 2023 Earnings Call Transcript October 24, 2023 3:00 AM ET Company Participants Sander van ‘t Noordende – CEO Jorge Vazquez – CFO Conference Call Participants Rory McKenzie – UBS Hans Pluijgers – Kepler Cheuvreux Kean Marden – Jefferies Marc Zwartsenburg – ING Konrad Zomer – ABN AMRO Operator Hello, and welcome…
Monty Rakusen/DigitalVision via Getty Images Investment thesis My first cautious thesis about Digital Turbine’s (NASDAQ:APPS) stock of early July aged well since the stock price almost halved over the last quarter. Such a massive stock price decrease made the company’s current market cap look attractive compared to my fair value estimations. However, the stock is…
cemagraphics Last weekend’s article warned the S&P500 (SPY) was at “Risk of Collapse” based on numerous bearish technical signals. Perhaps “collapse” isn’t the best way to describe what happened next, but the action sure wasn’t bullish. The most watched chart indicator of them all, the 200-day moving average, has been convincingly broken. As the market…
Agricultural Bank of China Limited (OTCPK:ACGBY) Q3 2023 Earnings Conference Call October 27, 2023 5:00 AM ET Company Participants Han Guoqiang – Secretary of the Board of Directors Liu Xiaopeng – Non-Executive Director Wang Changyun – Independent Non-Executive Director Li Guohu – General Manager, Rural Revitalization Department Fu Wanjun – Vice Chairman, President, Executive Director…
AzmanJaka Waste Management (NYSE:WM) shares have been treading water over the past year, up just 2% as the business continues to perform well but valuation has been elevated, particularly in light of higher interest rates. The company recently reported Q3 earnings, which were solid, despite some headwinds in recycling. Since recommending shares last October, Waste…
Covenant Logistics Group, Inc. (NASDAQ:CVLG) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Tripp Grant – EVP and CFO Paul Bunn – President and COO David Parker – Founder and CEO Conference Call Participants Jason Seidl – TD Cowen Jack Atkins – Stephens Michael Vermut – Newland Capital Scott Group…
Liudmila Chernetska We previously covered Altria (NYSE:MO) in August 2023, discussing its determination to rebuild its alternative tobacco segment after the Juul fiasco, attributed to the recently announced NJOY acquisition. We had cautiously rated the stock as a Buy then, thanks to its robust profitability and tempting dividends, while warning investors to monitor its progress…
Urupong The big news this week—though widely anticipated—was the 4.9% annualized growth of the economy in the third quarter. Analysts still infected by Phillips Curve thinking worried that a strong economy would encourage the Fed to keep rates “higher for longer,” thus posing the risk of a recession next year. (Note: economic growth does not…
Phillip Faraone/Getty Images Entertainment Investment thesis Our current investment thesis is: COCO has done a fantastic job of cornering the coconut water segment, gaining significant market share through successful marketing and a keen focus on the health aspect. The brand is now synonymous with the segment, positioning the business well to expand its product range….
Jeremy Poland Most people don’t find investments appealing that have the perception of having finite upside. The best-performing stocks often rise consistently over a long-period of time, but don’t double overnight. Still, while experienced investors know that most investments won’t appreciate at more than 8-10% a year over the long term, many people like the…
photominus/iStock via Getty Images We previously covered AT&T (NYSE:T) in August 2023, discussing the massive pessimism embedded in its prospects, attributed to the sluggish stock movement despite the bottom line and Free Cash Flow [FCF] beats in FQ2’23. While we had been confident about the management’s capability to achieve their long-term net debt to EBITDA…