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…
peshkov I am raising by ten dollars my September forecast for West Texas Intermediate (WTI) oil price to range between $80 to $100 per barrel. Figure 1: WTI Confidence Intervals To some people, my range might seem too wide. In reality, it is not. For example, on Thursday, September 28, WTI touched $95, which exceeded…
Dragon Claws/iStock via Getty Images By William J. Luther The Bureau of Economic Analysis has revised its estimates of inflation. The bad news: prices have risen faster than was previously thought. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounded annual rate of…
DNY59 Because this subject can easily lead down many avenues of discussion (and disagreements), I’m going to make it short for my own sanity and well-being. Stocks are Really Bonds in Disguise By survey, few people know how a stock is actually valued – and there is a simple test. Can you write down the…
SweetBunFactory Thesis revisit, still maintaining a hold rating FDA Investigation and Stock Implications Recently, BioXcel Therapeutics (NASDAQ:BTAI) has faced regulatory scrutiny with the FDA’s ongoing investigation related to the conduct of one of the TRANQUILITY II study’s primary investigators. An alarming revelation was the issuance of a Form 483 highlighting issues related to the investigator’s…
RyanJLane Angi Inc. (NASDAQ:ANGI) has established itself as a notable home service player, evolving in brand identity and market strategy. I believe its diversified service offerings and international expansions demonstrate a promising forward-thinking approach. However, some aspects warrant caution. You see, Angi Inc. is a subsidiary of IAC Inc. (IAC) and has evolved considerably since…
CHUNYIP WONG/E+ via Getty Images I recently upgraded the utilities sector to a buy based on the sector’s relative valuation. Fwd P/E multiples for utility stocks have gone from a 3x premium to the market to a 2x discount, as recession fears have abated and investors worry about ‘higher for longer’ interest rates. Utilities, due…
onurdongel Analysis Summary In today’s analysis, I will be covering United States Steel Corp. (NYSE:X), in the materials sector, subsector of steel. From its profile, this Pittsburgh-headquartered firm trades on the NYSE and produces & sells flat-rolled and tubular steel products primarily in North America and Europe. I gave this stock a hold rating, based…
Dragos Condrea/iStock via Getty Images Investment Thesis I covered Zscaler, Inc. (NASDAQ:ZS) earlier in July, in which I covered ZS’s competitive position in the market. In this article, I will cover some recent developments, including the company’s recent results and Microsoft Corporation’s (MSFT) entry into the market. I firmly believe that Zscaler’s platform offers superior…
Pla2na/iStock via Getty Images Introduction Oil is making a comeback – even faster than I expected. Despite weak economic growth, poor consumer health, Chinese growth fears, and a hawkish Fed, WTI crude oil is back above $90. Hence, in recent weeks, I have increased my coverage of oil and gas companies. On September 25, I…
dragana991/iStock via Getty Images Investment Thesis Monro (NASDAQ:MNRO) has declined by about a third in the last three months as a result of weak operating metrics as consumers trade down and the management’s reluctance to provide forward guidance. We believe the company has reported resilient results in Q1 amidst a significantly challenging macro backdrop, however,…
Gian Lorenzo Ferretti Photography Real Estate Weekly Outlook U.S. equity markets declined for a fourth-straight week while benchmark interest continued an unabating resurgence to fresh multi-decade highs as a potential looming government shutdown, lukewarm economic data, and ongoing labor disputes added complications to existing “higher for longer” concerns. Following a promising start to the third…
Darren415 Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that…
AlexKalina/iStock via Getty Images Why am I excited for this week? It’s a new quarter and September is behind us. This year the seasonal pattern has been spot on. It isn’t always this way, but if seasonal patterns continue this quarter should be a sharp rally. In my experience, the key variable, the 10-year interest…
David Baileys “Humankind cannot bear very much reality.” – T.S. Eliot As the data continues to flow in, third-quarter GDP growth is ranging from the Atlanta GDP Now forecast of 4.9% to the St.Louis Fed Nowcast of 1.6% or the NY Fed Nowcast of 2.2%. Unless there is a change, Q3 GDP growth is going…
AlizadaStudios Western Midstream (NYSE:WES) has seen its share price stagnate with a dividend yield of more than 8%. The company has a market cap of more than $10 billion, and its share price has recovered substantially from its COVID-19 lows. Over the past 2 years though, its share price has stagnated, despite it working to…
EllenMoran The TSN Investment Thesis Appears To Be Less Than Promising Here Tyson Foods (NYSE:TSN) is a company that requires no introductions, with many American families likely enjoying some of their meats from time to time, while picking up their offerings at multiple retailers, such as Walmart (WMT) or Target (TGT). TSN has also went…
jetcityimage As highlighted a few months back, AT&T (NYSE:T) was beaten down to the point where the stock was more appealing. AT&T has now rallied off the late July lows as signs suggest the rally will continue. My investment thesis remains Bullish on the telecom stock for a short-term rally into year-end, but investors must…
CasarsaGuru Main Thesis & Background The purpose of this article is to evaluate the BlackRock Income Trust (NYSE:BKT) as an investment option at its current market price. This fund is one I have written about many times, and is managed by BlackRock (BLK), with an objective to “manage a portfolio of high-quality securities to achieve…
Win McNamee/Getty Images News Government shutdown averted The House and the Senate passed a continuing resolution (a stopgap spending bill) to keep the government open for 45 days at current funding levels, with overwhelming bi-partisan support. The Congress will now have more time to pass the 12 appropriations bills (or an omnibus bill) to fund…
Jeremy Poland TotalEnergies (TTE) is probably one of the more “risk-on” majors that I follow. But taking those risks appears to have paid off big time for this company. Management has for some time reported a lot of major discoveries (mostly offshore). But it is probably time to put this major on an investors radar…
Alisa Korolevskaya Dear readers/followers, As you can probably tell from my previous articles not only on Mowi (OTCPK:MHGVY) but other salmon plays like Bakkafrost (OTCPK:BKFKF), I remain a Salmon “Long” as long as the valuation is appealing. It is, in fact, an area that I love investing in. If and when Mowi drops below 170…
bjdlzx Headwater Exploration (OTCPK:CDDRF) is a company with a great balance sheet that has discovered an unusually profitable heavy oil play called Clearwater. The breakeven point is usually quoted as roughly C$10 per BOE lower than other heavy oil plays. In the current environment, this company is likely to lead the profitability pack. The benefits…
claudiodivizia/iStock via Getty Images Friends, Romans, countrymen, lend me your ears; I come to bury Caesar, not to praise him. -William Shakespeare, from Julius Caesar. High Yield In this case, “Caesar” represents many high-yield investments. High-yield investments get a lot of play on Seeking Alpha and many other investing sites. After all, it’s an easy…