Hess Midstream LP (NYSE:HESM) Q4 2023 Earnings Conference Call January 31, 2024 12:00 PM ET Company Participants Jennifer Gordon – Vice President of Investor Relations John Gatling – President and Chief Operating Officer Jonathan Stein – Chief Financial Officer Conference Call Participants Jeremy Tonet – JPMorgan Securities LLC Brian Reynolds – UBS Douglas Irwin –…
miromiro/iStock Editorial via Getty Images 2023 was a perfect storm of negative events for Aritzia Inc. (TSX:ATZ:CA) (OTCPK:ATZAF): downward guidance, choppy store traffic, inventory buildup, discounting, product cost inflation, and temporary warehousing costs have led to terrible quarters in FY’24: Aritzia EPS (Company Filings) While all of these issues have contributed to the negative outlook,…
Koichi Kamoshida/Getty Images News Hitachi, Ltd (OTCPK:HTHIY) is a big Japanese company (not on the S&P 500) that has managed to achieve a (relatively) consistent share price increase of 46.5% over the past year. Hence it has substantially outperformed the S&P 500’s 23% rise over the same period. This is even more remarkable when one…
Kanur Ismail/iStock via Getty Images When a man tells you that he got rich through hard work, ask him: ‘Whose?”― Don Marquis. Today, we put Angi Inc. (NASDAQ:ANGI) in the spotlight. The company is the clear market leader in its niche but has struggled to find a way to profitability. It also has destroyed plenty…
Call Start: 9:00 January 1, 0000 10:23 AM ET Ashland Inc. (NYSE:ASH) Q1 2024 Earnings Conference Call January 31, 2024 9:00 AM ET Company Participants Seth Mrozek – Director, Investor Relations Guillermo Novo – Chair of the Board and Chief Executive Officer Kevin Willis – Senior Vice President and Chief Financial Officer Conference Call Participants…
Hispanolistic The SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) invests across U.S. investment-grade corporate bonds with a maturity between 1 and 3 years. In this case, SPSB isn’t necessarily the most conservative bond fund in the market, but it can be a good alternative to cash or money-market funds. When thinking about bond funds,…
First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q4 2023 Results Conference Call January 31, 2024 11:00 AM ET Company Participants Andrea Walton – IR Kevin Riley – CEO Marcy Mutch – CFO Conference Call Participants Adam Butler – Piper Sandler Andrew Liesch – KBW Brody Preston – UBS Jeff Rulis – D.A. Davidson Andrew Terrell – Stephens…
Adventure_Photo A Dividend King Trading at a discount to its per share dividend growth rate Seeking high-yield alternatives before the Fed moves to lower interest rates, many investors are looking to the beaten-down Utilities sector. While this is a sector that operates heavily on debt and share dilution, their cash flow streams are maybe second…
Yozayo In the field of genetic testing and precision medicine, Myriad Genetics (NASDAQ: NASDAQ:MYGN) is a progressive company, which can be observed in its steady double-digit revenue growth and the upward revision of revenue guidance for the next year. The financial results of the third quarter of 2023 of the company demonstrate a strong year-over-year…
wildpixel There is a great amount of commentary on today’s surprise Q4 earnings miss from New York Community Bancorp, Inc. (NYSE:NYCB) and the massive dividend cut down to $0.05 quarterly. Ouch. Shares tanked 40% premarket. We were asked about it in our investing group premarket, and we discussed with members that we felt while this…
Komatsu Ltd. (OTCPK:KMTUY) Q3 2024 Earnings Conference Call January 30, 2024 1:00 AM ET Company Participants Takeshi Horikoshi – Chief Financial Officer Kiyoshi Hishinuma – General Manager, Business Coordination Department Conference Call Participants Kentaro Maekawa – Nomura Securities Tomohiko Sano – JPMorgan Securities Yoshinao Ibara – Morgan Stanley MUFG Securities Hirosuke Tai – Daiwa Securities…
Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as detailed in the official auditor’s report. The audited report provides a comprehensive analysis of Tether’s financial standing,…
Just_Super Welcome to the Vanadium miners news. January saw vanadium pentoxide prices flat and a sharp increase in ferrovanadium prices (especially in Europe). We also saw some signs of increased vanadium demand from China. Vanadium uses Vanadium is traditionally used to harden steel. Chinese rebar standards are requiring more vanadium. Also Vanadium Flow Batteries [VRFBs]…
So, 2023 has been pretty epic for Bitcoin. It’s like Bitcoin woke up and decided to flex its muscles big time. We’re talking a massive leap, over 140% in value – that’s huge! It’s not just about topping traditional rivals like gold; it’s also about leaving other cryptocurrencies in the rearview mirror. Let’s dive into…
Northeast Bank (NASDAQ:NBN) Q2 2024 Earnings Conference Call January 31, 2024 10:00 AM ET Company Participants Rick Wayne – President and Chief Executive Officer Pat Dignan – Executive Vice President and Chief Operating Officer JP Lapointe – Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler Operator Welcome to the Northeast Bank Second…
FinkAvenue Investment Thesis Microsoft Corporation (NASDAQ:MSFT) is truly in its stride. The firm is executing their commercialization of AI strategy perfectly by providing users with great AI-enhanced versions of existing products. The latest fiscal Q2 results see Microsoft boasting great levels of revenue and margin growth, with the firm enjoying a solid mix of high-margin…
Today, Volksbank Raiffeisenbank Bayern Mitte eG, a Bavarian cooperative bank with an ~130-year history, has entered into a long-term partnership with terahash.energy GmbH, according to a press release sent to Bitcoin Magazine. The Ingolstadt-based cooperative bank and the young startup, terahash, will collaborate on promoting topics related to Bitcoin and develop new offerings. “We are…
JulPo Visa (NYSE:V) reported Q1 FY24 earnings that exceeded market expectations on January 25 after the market close. In my introductory article published last October, I highlighted their double-digit earnings growth and strong cross-border recovery. I remain confident in Visa’s overall strength in the global payment network and reiterate a ‘Strong Buy’ rating with a…
kentoh I’ve first written about REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) a few months ago when the fund was first launched in an article titled FEPI: This New Covered Call Fund Shows Some Potential. Back then, we didn’t know much about the fund except its overall strategy of owning the top 15…
In Texas, the legacy of mineral rights ownership is a narrative etched into the very bedrock of state history. Passed down through generations like a cherished heirloom, the ownership of mineral rights is more than a legal claim; it is a cultural emblem, a symbol of resilience, and a precious legacy. The wealth and prosperity…
James Andrews/iStock via Getty Images On our last coverage of New York Community Bancorp, Inc. (NYSE:NYCB), the stock was at $9.37, and we suggested that it was good but not “great”. Well, if you are heavily underweight financial stocks, then this is one of the best you can add. If you are patient, the odds…
400tmax Alphabet Inc. aka Google (NASDAQ:GOOG, NASDAQ:GOOGL) shares intermittently slumped as much as 7% after the company reported Q4 2023 results. The drop in shares came although the Search giant delivered robust YoY growth of 13% and 32% in sales and operating income, respectively. This price action reminds me of investors’ arguably misguided reaction to…
CHUNYIP WONG With the Biden administration putting a pause on LNG terminal permitting, let’s catch up on Cheniere Energy (NYSE:LNG). While on the surface the news sound like a negative, I actually think it’s a positive for Cheniere. In November, I lowered my rating on the stock to “Hold” as it closed in on my…
Brookfield is headquartered in Canada ssuni Brookfield Corporation (NYSE:BN)(TSX:BN:CA) is considered one of the most “complex” financial companies in the world. It consists of a holding company, on top of several wholly-owned subsidiaries, and some partially owned subsidiaries, one of which operates the company’s funds. It’s a confusing structure that has led some to feel…
miniseries Dear Partners, Fairlight Alpha Fund’s fourth quarter 2023 returns were 2.0% net of fees. This compares to 11.7% for the S&P 500 (SP500)(SPX) Total Return index. Overall, since inception the fund has returned 432.2% net of fees and 41.2% on an annualized basis. Performance vs. the S&P 500 We track the net asset value…
malerapaso/iStock via Getty Images Introduction On October 9, 2023, I started covering PNC Financial Services Group (NYSE:PNC) again for the first time since 2019, which now feels like ages ago. Back in October, I used a very similar title, which was “PNC Financial: One Of The Best Regional Banks Money Can Buy.” Here’s a part…
DNY59 Co-produced by Austin Rogers Dividend investors have been dealt a pretty bad hand in recent years. Numerous factors are weighing on various dividend stocks’ performance. Steadily falling oil and gas prices have pushed down energy stocks (XLE), including midstream pipeline companies (MLPX). Slowing consumer spending on most categories is making growth harder to achieve…
manassanant pamai When looking at my personal portfolio it consists of different asset classes – real estate, stocks, and gold (to clarify, real estate is only the house I am living in as I don’t assume real estate being a good investment). And although I have covered gold from time to time, I mostly focus…
This article was written by Follow Michael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The Lead-Lag Report,…
JHVEPhoto/iStock Editorial via Getty Images I rate Ashtead Group (OTCPK:ASHTF)(OTCPK:ASHTY) as a hold, as even when the company has interesting drivers ahead that might support it to keep delivering growth in the next few years, most of those drivers might be priced in. Even when I rated the stock as hold, I could use the…
rarrarorro/iStock via Getty Images The iShares MSCI Israel ETF (NYSEARCA:EIS) caught my eye with a +2.64% rally on Monday, breaking above the July 2023 high. It has now rallied over +34% from its October low and is within +2.4% from exceeding the 2023 high. Relative strength such as this is always worth paying attention to,…
Nerthuz By Andrew Prochnow Numerous investors and traders track the CBOE Volatility Index (VIX) to gauge market sentiment in the U.S. stock market. Nonetheless, it could be contended that the U.S. Dollar Index (DXY) holds comparable significance in assessing investor sentiment within the U.S. financial markets. The dollar, after all, is the world’s top reserve…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander expects its profitability to improve this year despite concerns about the health of the global economy, as the Spanish bank’s latest quarterly earnings were helped by a strong performance in Europe. Ana Botín, Santander’s…
Marc Dufresne/iStock Unreleased via Getty Images Investment thesis As a consumer who appreciates the durability and comfort offered by Crocs (NASDAQ:CROX) clogs at a reasonable price, my enthusiasm extends beyond the product to the stock’s investment potential. The company demonstrates substantial pricing power, leading to a remarkable twofold increase in operating margin from pre-pandemic levels,…
sruilk/iStock via Getty Images Investment Overview Arcutis (NASDAQ:ARQT) IPO’d back in January 2020, raising ~$160m via the issuance of 9.375m shares priced at $17 per share. At the time, the company described itself as follows: a late-stage biopharmaceutical company focused on developing and commercializing treatments for unmet needs in immune-mediated dermatological diseases and conditions, or…
Aaron Yoder/iStock via Getty Images Winnebago Industries, Inc. (NYSE:WGO) is weathering the post-pandemic storm with the stock price holding steady over the last few years. Despite facing an industry-wide drop in RV sales, the company’s growing market share and a more diversified profile following a string of strategic acquisitions have helped to support overall solid…
JHVEPhoto Investment Thesis – Q4 FY23 Update Intel is a semiconductor firm that faces multiple headwinds moving into 2024. Decreased demand for their x86-based chips has hurt Intel’s revenues and profitability significantly while a soft computing landscape has further hurt the firm’s bottom- and top-line. While their IFS business has the potential to generate massive…
sanfel It’s hard to think of a more out-of-favor stock coming into Q4 ’23 earnings season than Boeing (NYSE:BA), with Boeing scheduled to report its calendar Q4 ’23 financial results before the opening bell on Wednesday, January 31 ’24. Even if the EPS estimate of a loss of ($0.78) and the revenue estimate of $21.1…
Henrik5000 By Michael Barclay How does a high-rate environment affect dividend investing? Senior Portfolio Manager Mike Barclay explains how dividend-paying stocks may be affected by a higher interest rate environment and identifies areas of opportunity. Transcript During 2023, the higher rate environment was a source of competition for the equity income category. While it’s great…
tonefotografia/iStock via Getty Images Synopsis For every American homeowner, much effort and expertise in home servicing is needed in maintaining their living space, especially to avoid costly breakdowns of their essential appliances and home systems. With over 50 years of experience in home repair and maintenance and over 75 million service requests, Frontdoor (NASDAQ:FTDR) is…
Justin Sullivan Investment action Based on my current outlook and analysis of Levi Strauss & Co. (NYSE:LEVI), I recommend a buy rating. While I agree that the macro conditions are not perfect for LEVI, I really like how the business has executed the DTC transition so far, which has driven margin in the right direction….
SDI Productions/E+ via Getty Images Northrim BanCorp (NASDAQ:NRIM) is a small bank that capitalizes only $300 million and operates in Alaska. Although not well known among retail investors, I find this bank very interesting and apparently the market thinks the same: its price per share is near an all-time high. This bank has fully recovered…
akinbostanci Investment Thesis Braze (NASDAQ:BRZE) stock’s expectations are relatively muted, even as the company is delivering strong results. I make the case that this stock is now on the point of inflection. Succinctly put, I believe that Braze could within the next 12 months, be on a forward run-rate of +5% non-GAAP operating margin. Consequently,…
Clear Secure (NYSE:YOU) is a US-based biometric identity verification company focusing on streamlining airport security. The company’s core offering is CLEAR Plus, a subscription service offering expedited airport security. Beyond airports, CLEAR Verified empowers businesses with identity verification, virtual queuing, and credential validation tools, while their free consumer app offers additional conveniences like health documentation…
Hawaiian Holdings, Inc. (NASDAQ:HA) Q4 2023 Earnings Conference Call January 30, 2024 4:30 PM ET Company Participants Marcy Morita – Managing Director of Investor Relations Peter Ingram – President & CEO Brent Overbeek – Executive Vice President & Chief Revenue Officer Shannon Okinaka – Executive Vice President & CFO Conference Call Participants Conor Cunningham –…
Stryker Corporation (NYSE:SYK) Q4 2023 Earnings Conference Call January 30, 2024 4:30 PM ET Company Participants Kevin Lobo – Chair and Chief Executive Officer Jason Beach – Vice President-Investor Relations Glenn Boehnlein – Chief Financial Officer Conference Call Participants Robbie Marcus – JPMorgan Lawrence Biegelsen – Wells Fargo Ryan Zimmerman – BTIG Joanne Wuensch –…
Canadian Pacific Kansas City Limited (NYSE:CP) Q4 2023 Earnings Conference Call January 30, 2024 4:30 PM ET Company Participants Chris de Bruyn – VP, Capital Markets and Treasurer Keith Creel – President and CEO Mark Redd – EVP and COO John Brooks – EVP and CMO Nadeem Velani – EVP and CFO Conference Call Participants…
tadamichi Even after markets rallied in anticipation of economic normalization, opportunities remain in capital markets, but portfolio construction is key. Get the design right, focus on research to tap opportunities, and be nimble in adapting to what unfolds in markets. We think this formula will serve investors well in 2024. 2024: Normalization and Interest-Rate Cuts…
LendingClub Corporation (NYSE:LC) Q4 2023 Earnings Conference Call January 30, 2023 5:00 PM ET Company Participants Artem Nalivayko – Head of IR Scott Sanborn – CEO Drew LaBenne – CFO Conference Call Participants Brad Capuzzi – Piper Sandler Giuliano Bologna – Compass Point Bill Ryan – Seaport Research Partners Reggie Smith – JPMorgan David Chiaverini…
JulPo Dear readers/followers, I added to my position in Intrum in 2023 as the share price declined, using a combination of common share buys and cash-secured Puts. I stopped adding during the end of November in 2023 when my position reached the absolute justifiable maximum for any position. Normally, when a company does a 30%+…