BackyardProduction/iStock via Getty Images Continuing my series of sentiment and factor updates on exchange-traded funds, today I would like to reassess the iShares Russell 1000 Value ETF (NYSEARCA:IWD), which I previously covered in July 2021 with a Hold rating. For me, as a quality and value-focused investor (I certainly appreciate an adequate dose of growth,…
acilo JPMorgan’s two covered calls funds JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) became two of the biggest covered call funds in the market with combined AUMs of almost $40 billion. It was only a matter of time before Goldman Sachs (GS) would join the game with its…
primeimages Introduction In September, I wrote an article on SA about fruit and vegetable company Seneca Foods (NASDAQ:SENEA) (NASDAQ:SENEB) in which I said that the next two quarters could be challenging due to rising inventories and that high debt levels were starting to become a serious issue. On November 9, Seneca Foods released its financial…
Michael M. Santiago The JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) is an ETF version of JPMorgan’s hugely successful Hedged Equity Fund (JHEQX). It aims to improve upon the JHEQX fund by employing a discretionary laddered option strategy instead of following a fixed quarterly schedule. Since HELO is managed by the same management team using…
porcorex This article is part of a series that provides an ongoing analysis of the changes made to Tweedy, Browne’s 13F portfolio on a quarterly basis. It is based on Tweedy, Browne’s regulatory 13F Form filed on 11/13/2023. Please visit our Tracking Tweedy, Browne Portfolio series to get an idea of their investment philosophy and…
Nature, food, landscape, travel Higher interest rates have had an extremely detrimental impact on the real estate industry, particularly on the commercial side of things, as the cost of capital is pressuring margins and increasing cap rates. Currently, we potentially are at an inflection point where the Fed has finished its rate-hiking cycle, with rate…
ArLawKa AungTun The Black Friday deals were plentiful. All told, sales for the day hit a new record of $9.8 billion, up 7.5% from a year ago, according to Adobe Analytics.1 Retailers extended discounts to entice shoppers to buy early and often, and with five full weekends between Thanksgiving and Christmas, there’s reason for hope…
arsenisspyros For the second time in its modern history, Germany was recently “awarded” the title of “the sick man of Europe”. Indeed, there are plenty of headwinds the German economy is currently facing: high energy costs, declining competitiveness of the German industry, overwhelming bureaucracy, and so on. With the exhaustion of the existing economic model,…
Vanit Janthra/iStock via Getty Images Ethan Allen Interiors (NYSE:ETD) manufactures and sells furnishing and interior design products, with recent initiatives to improve the interior design offering and marketing through a network of design centers. The company has faced significant headwinds due to flooding in Ethan Allen’s Vermont manufacturing plant, as well as an industry that’s…
Torsten Asmus By Fawad Razaqzada In sharp contrast to other European and US indices, the UK’s FTSE has spent much of November in consolidation mode, keeping inside the range from the month before. However, the German DAX index was up again today, rising some +0.85% to lead European indices, reaching its best level since August….
miniseries With the holiday shopping season underway, the Canadian consumer is still showing a willingness to spend. However, Maria Solovieva, an Economist at TD, says high inflation is weighing on sentiment. She discusses the economic implications with MoneyTalk’s Greg Bonnell. Transcript Greg Bonnell: The latest Canadian retail sales report suggested the consumer is still spending…
Credo Technology Group Holding Ltd (NASDAQ:CRDO) Q2 2024 Earnings Call Transcript November 29, 2023 4:30 PM ET Company Participants Dan O’Neil – VP-Corporate Development and IR Bill Brennan – CEO Dan Fleming – CFO Conference Call Participants Toshiya Hari – Goldman Sachs Thomas O’Malley – Barclays Tore Svanberg – Stifel Karl Ackerman – BNP Paribas….
krblokhin/iStock Editorial via Getty Images Despite experiencing declining revenues for four consecutive quarters, Cavco Industries (NASDAQ:CVCO) is witnessing a stabilization in its backlog, and utilization rates may improve soon, all while the company’s valuation remains historically low. The current undervaluation provides the opportunity to benefit from long-term tailwinds in the manufactured housing industry such as…
Sviatlana Zyhmantovich Affirm’s Stock Rollercoaster Affirm’s (NASDAQ:AFRM) stock went on quite the rollercoaster ride lately. It hit an all-time peak back in November 2021, only to tumble to a gut-wrenching 83% soon after. But zoom out and you’ll notice the stock has now rebounded 131% over the past year. So things aren’t totally bleak for…
Pgiam/iStock via Getty Images Investment briefing If the last 2.5 years taught us anything economically it is that resilient supply chains are no longer a ‘given’. Large sigma macroeconomic events across 2020–’21 showed they can jolt supply chain economics rapidly unless something changed across the board. Thankfully, companies are taking notice. A recent S&P Global…
bin kontan Dear subscribers, Some of you want alternatives for some of the more popular REITs when you’re overexposed to things like Realty Income (O), Agree (ADC), or VICI (VICI). There are great opportunities out there – but you also have to be willing to accept a lower overall rate of return due to lower…
Stryker Corporation (NYSE:SYK) 6th Annual Evercore ISI HealthCONx Conference November 29, 2023 1:20 PM ET Company Participants Glenn Boehnlein – CFO Jason Beach – Head, IR Conference Call Participants Vijay Kumar – Evercore ISI Vijay Kumar Stryker this afternoon. We have Glenn Boehnlein, CFO; and Jason Beach, who heads Investor Relations. I’m Vijay Kumar, I…
wildpixel Thesis overview Karyopharm’s (NASDAQ:KPTI) lead candidate is selinexor, which has a novel mechanism of action. It acts as a selective inhibitor of nuclear export by binding to exporting 1 (XPO1). KPTI has been the leader in targeting this pathway and has successfully developed selinexor, with 3 approvals so far; in penta-refractory multiple myeloma, in…
urbazon In his early days as a value investor, Warren Buffett utilized a cigar butt style of investing that he learned by studying Benjamin Graham and other investment greats. This manner of investing focuses on companies that have real fundamental issues but that the market misjudges the potential of even with all the pain that…
Eric Francis The investment world recently bid farewell to Charlie Munger, Warren Buffett’s trusted business partner at Berkshire Hathaway Inc. (BRK.A, BRK.B) and one of the greatest investors of all time. Munger, who died just a month shy of his 100th birthday, leaves behind a legacy of investment wisdom and a very impressive investing track…
Justin Sullivan Colgate-Palmolive Company (NYSE:CL) continues to offer a wide array of products for the home and personal care space. This diversification insulates Colgate from the consumer spending decline that has been seen in other industries in the current economic environment. The stability of Colgate makes for a very attractive stock in these times of…
The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust. Franklin Templeton has submitted an updated S-1 filing to the Securities and Exchange Commission (SEC), seeking approval for the launch of a Bitcoin exchange-traded fund…
takasuu/iStock via Getty Images Thesis We keep reminding our readers – and ourselves – that in investing, avoiding losses is more important than achieving gains (even though the latter always FEELs better). The reason is a simple math fact – because compounding is mathematically asymmetric. A 10% loss requires more than a 10% gain to…
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation…
Bet_Noire The Calamos Strategic Total Return Fund (NASDAQ:CSQ) is a closed-end fund aka CEF that can be employed by those investors who are seeking a high level of current income from the assets in their portfolios and are unwilling to sacrifice the upside potential of common equity in exchange for income. This is something that…
Aside from his involvement with OCEAN, Dorsey has supported many other blockchain projects with strong potential to benefit the crypto space. Wyoming-based software development company Mummolin has raised $6.2 million in an investment round led by Jack Dorsey, an American internet entrepreneur and billionaire CEO of the financial services company Block, for the launch of…
jhorrocks Before the market opens on December 5, the management team at Hovnanian Enterprises, Inc. (NYSE:HOV) is expected to announce financial results covering the final quarter of the company’s 2023 fiscal year. For those who don’t know, Hovnanian Enterprises focuses on the production and sale of single-family detached homes, attached townhomes, condominiums, and other similar…
Unchained, a prominent Bitcoin financial services provider, released a new report today showcasing an interesting surge in bitcoin ownership among Americans. According to their findings, a one in four Americans and 55% of surveyed investors, defined by Unchained as those with at least one investment account between the ages of 18 and 78, own bitcoin. The…
Western Digital Corporation (NASDAQ:WDC) UBS Global Technology Conference November 29, 2023 1:35 PM ET Company Participants Wissam Jabre – Chief Financial Officer David Goeckeler – Chief Executive Officer Conference Call Participants Timothy Arcuri – UBS Timothy Arcuri Good afternoon. Actually, it’s probably still morning, but good morning. I’m Tim Arcuri. I’m the semiconductor analyst here…
The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance. Spanish banking giant Banco Santander is partnering with cryptocurrency asset management platform Taurus to offer its customers custodial services for their digital assets. Banco Santander recently emerged as the only Spanish bank to appear on the 2023…
Orbon Alija Azul (NYSE:AZUL) is one of the two Brazilian pure-play domestic airlines, with Gol (GOL) and LATAM (OTCPK:LTMAY). I have covered Azul a few times already (January 2023, August 2022, December 2021). Generally, my take has been negative, given the difficulties of running an airline profitably and the company’s high leverage. In this article,…
The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”….
Scharvik/iStock via Getty Images Note: All amounts discussed are in Canadian dollars. All quotes and prices refer to the TSX. On our last coverage of NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH.UN:CA) (OTC:NWHUF) we upgraded the beleaguered REIT from a “Sell”, while noting that the upgrade only meant that the downside risks had reduced,…
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720…
Addex Therapeutics Ltd. (NASDAQ:ADXN) Q3 2023 Earnings Conference Call November 29, 2023 10:00 AM ET Company Participants Tim Dyer – Chief Executive Officer Robert Lutjens – Head of Discovery-Biology Mikhail Kalinichev – Head of Translational Science Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Addex Therapeutics Third Quarter…
FutureBit, a renowned innovator in consumer-centric Bitcoin products, today announced the Apollo II, a revolutionary personal home mining device. This new launch marks a significant stride in FutureBit’s journey to introduce efficient, potent, and user-friendly mining products for household use. The Apollo II is a fusion of the latest 5nm ASIC technology and a modern,…
gorodenkoff Investment Thesis Veeva Systems Inc. (NYSE:VEEV) stock is well-placed with lower expectations, as it heads to report its fiscal Q3 2024 results, expected post-market on Wednesday 6 December 2023. I now believe that this is a good entry point for investors to start averaging into their holding of Veeva. For a long time, as…
Botanix Labs has officially launched the first-ever fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin, according to a press release sent to Bitcoin Magazine. This represents over a year of dedicated research and development by the team, with a focus on enhancing user experience. “We want to make it as easy as possible to…
Vestis Corporation (NYSE:VSTS) Q4 2023 Results Conference Call November 29, 2023 9:00 AM ET Company Participants Valerie Haertel – VP, IR Kim Scott – President, CEO Rick Dillon – CFO Conference Call Participants Stephanie Moore – Jefferies Andrew Steinerman – JP Morgan Andy Wittmann – Baird Shlomo Rosenbaum – Stifel Ronan Kennedy – Barclays Operator…
The recent decision by Wallet of Satoshi to stop serving customers in the United States brings us to a crossroads in the evolution of Lightning’s use as a consumer tool. While it is trusted and custodial, Wallet of Satoshi has been invaluable in giving casual users a functional and reliable tool for small value payments…
Klaus Vedfelt/DigitalVision via Getty Images Investment Overview – From IPO To Present Day – Revance Fights For Approval Of Frown Line Injection Ever since its initial public offering (“IPO”) in 2014, which raised ~$96m via the issuance of ~6m shares priced at $16 per share, to fund development of botulinum toxin products for use in…
Saturn, a non-custodial peer-to-peer orderbook for satoshis, has successfully concluded its pre-seed funding round, securing over $500,000 in investments, according to a press release sent to Bitcoin Magazine. This raise was accomplished under the leadership of venture capital firm Big Brain Holdings, alongside the valued participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and various strategic…
Hormel Foods Corporation (NYSE:HRL) Q4 2023 Earnings Conference Call November 29, 2023 9:00 AM ET Company Participants David Dahlstrom – Director of Investor Relations Jim Snee – Chairman of the Board, President and Chief Executive Officer Jacinth Smiley – Executive Vice President and Chief Financial Officer Deanna Brady – Executive Vice President, Retail Conference Call…
Reddit initially filed for an IPO in December 2021 and was expected to make its public debut the following March. For the umpteenth time, the popular social media platform Reddit is reportedly getting set to make its public debut. This follows after a recent Bloomberg report confirmed that the firm has made reasonable progress in…
Dollar Tree, Inc. (NASDAQ:DLTR) Q3 2023 Earnings Call Transcript November 29, 2023 8:00 AM ET Company Participants Bob LaFleur – SVP, IR Rick Dreiling – Chairman and CEO Jeff Davis – CFO Conference Call Participants Michael Lasser – UBS Simeon Gutman – Morgan Stanley Paul Lejuez – Citi Edward Kelly – Wells Fargo John Heinbockel…
The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence. Forbes has announced the launch of its annual Under 30 list on the Ethereum blockchain. The announcement represents news of the first time a publication like this is launching on the blockchain and is a pointer to the…
DNY59 Introduction The Vanguard High Dividend Yield ETF (NYSEARCA:VYM) and the Vanguard Value ETF (NYSEARCA:VTV) have nearly $200 billion in combined assets under management and purport to follow different strategies. Earlier this year, I covered VYM here and VTV here, concluding that both were solid funds despite a relatively poor start to the year. However,…
The Blast Mainnet is scheduled to go live on February 24, 2024, enabling withdrawals and allowing users to redeem their Blast Points for actual rewards starting from May 24 next year. Recently launched Ethereum (ETH) Layer-2 blockchain Blast has earned itself some popularity in the last few days, although a significant portion of this fame…
CNFinance Holdings Limited (NYSE:CNF) Q3 2023 Earnings Conference Call November 29, 2023 8:00 AM ET Company Participants Jun Qian – Director and Vice President Jing Li – Acting Chief Financial Officer, Assistant President Conference Call Participants William Gregozeski – Greenridge Global Operator Good day, and welcome to the CNFinance Holdings Limited Third Quarter of 2023…
Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading giant Binance. The SEC…