Liudmila Chernetska/iStock via Getty Images Overview My recommendation for Brown-Forman (NYSE:BF.B) is a hold rating as the growth outlook is not positive. The spirits industry is likely to go through a tough period in the near term as the macro environment is unfavorable and consumers spend less. I also expect management to continue spending a…
David McNew It has been a long-standing view of mine that the consumer staples sector is likely riskier than many believe. There are two reasons for this. Firstly, with inflation a primary negative catalyst, many consumer staples firms are at greater risk because they have naturally lower profit margins. Thus, rising labor and goods costs…
The Nasdaq has submitted an amendment for BlackRock and Valkyrie’s Spot Bitcoin Exchange-Traded Fund (ETF) 19b-4 filings, inching closer to the looming approval deadline this coming Wednesday. The amendment filing comes was the next step forward in the regulatory process, indicating progress in the bid to secure approval from the U.S. Securities and Exchange Commission (SEC). The Nasdaq’s latest amendment filing…
RiverRockPhotos Today’s article dials in on Gold Fields Limited (NYSE:NYSE:GFI), which is a stock we covered approximately nine months ago. Fortunately for us, our readers, and Gold Fields’ investors, the firm’s stock has performed staggeringly well ever since. However, material events such as a revised Salares Norte production outlook and an uncertain full-year outlook for…
Smileus/iStock via Getty Images Anavex’s (AVXL) 2-73/blarcamesine is a sigma-1 receptor agonist; Cassava Sciences’ (SAVA) simufilam may be sigma-1 receptor agonists (based on its chemical structure). Sigma-1 receptor agonists are generally safe but only temporarily effective against mild Alzheimer’s disease. This alone clouds matters in regards to future approvals. However, the potential antioxidant capacity of…
In a significant stride towards the potential approval of Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, applicants have overcome a pivotal hurdle, marking a crucial milestone in their quest for regulatory approval from the U.S. Securities and Exchange Commission (SEC). As reported by Bloomberg, the applicants seeking approval for the eagerly anticipated spot…
Natalia SO/iStock Editorial via Getty Images The “shock therapy” has begun in Argentina following new President Javier Milei’s election victory. Alongside a significant cutback in fiscal spending, the new administration also unveiled a one-off devaluation of the peso to ARS800 per dollar – about in line with the parallel rate. While positive for corporates with…
Justin Sullivan Nvidia Corporation (NASDAQ:NVDA) is undoubtedly valued unappealingly. However, the financials, growth and operations of the company are compelling. Amid concerns of a slowdown in artificial intelligence (“AI”) growth, I wanted to have a look to see if this was a company worth holding onto or if the elite valuation is too much. High…
ljubaphoto Intro We wrote about VOXX International Corporation (NASDAQ:VOXX) back in February of 2023 when we reiterated the point that the consumer electronics manufacturer needed to remain profitable to keep investors interested. VOXX had just reported in January’2023 $2.3 million of operating profit for the third quarter of fiscal 2023 (Ended November 2022) so we…
Constellation Brands, Inc. (NYSE:STZ) Q3 2024 Earnings Call Transcript January 5, 2024 10:30 AM ET Company Participants Joseph Suarez – SVP of IR Bill Newlands – CEO Garth Hankinson – CFO Conference Call Participants Nik Modi – RBC Capital Markets Bonnie Herzog – Goldman Sachs Kaumil Gajrawala – Jefferies Bryan Spillane – Bank of America…
Hiraman Please note all $ figures are in $CAD, not $USD, unless otherwise stated. Introduction I recently covered Power Corporation (POW:CA), the parent company that owns almost 70% of Great-West Lifeco (TSX:GWO:CA). In this article, I’ll discuss Great-West Lifeco, one of its largest public investments, and delve deeper into the business and its most recent…
Joe Raedle/Getty Images News AST SpaceMobile (NASDAQ:ASTS) has been volatile lately, first surging 130% from October lows on interest rate cuts bets then dipping 20% intraday in response to news that SpaceX launched six Starlink satellites for a direct to cell mobile phone service test with T-Mobile (TMUS). The satellites will mimic a mobile phone…
The Greenbrier Companies, Inc. (NYSE:GBX) Q1 2024 Earnings Conference Call January 5, 2024 11:00 AM ET Company Participants Justin Roberts – Vice President and Treasurer Lorie Tekorius – Chief Executive Officer and President Brian Comstock – Executive Vice President and Chief Commercial and Leasing Officer Adrian Downes – Senior Vice President and Chief Financial Officer…
I have a feeling that I am going to be writing a lot on this topic in general for the foreseeable future, but the philosophical and existential crisis currently confronting the Bitcoin space over what constitutes “spam” is starting to have massive second order effects and consequences in all of the different Bitcoin communities. I…
Mario Tama/Getty Images News I have long maintained that the Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) should be considered as a core technology holding for investors who want to build and hold a well-diversified portfolio for the long term. The fund certainly came through for investors last year – outperforming the S&P500 by more…
The recent surge in Bitcoin’s on-chain fees has reignited a familiar discussion within our community, bringing to the surface diverse perspectives on the implications and root causes of this trend. A faction within the community views these heightened fees as a strategic solution to Bitcoin’s security budget concerns. In contrast, others see them as a…
RyanJLane We last called for a public trade on The Greenbrier Companies, Inc. (NYSE:GBX) one year ago, with buy points in the $26-$28 range back in early 2023. Today, shares have eclipsed $50. We think you now back out your initial investment, plus, of the profits you have, take 25% of those, and let the…
In a significant move showcasing dedication to the broader Bitcoin ecosystem, VanEck, a notable investment management firm, has pledged to allocate 5% of profits generated from their Spot Exchange-Traded Fund (ETF), if approved by the SEC, towards supporting Bitcoin Core developers for a period exceeding a decade. VanEck has already started this initiative by making…
Slimoche Written by Ophir Gottlieb Lede We reiterate our bullish (but speculative) stance on Jumia but note bankruptcy risk. This is not an investment for everyone. The CEO, Francis Dufay, has a clear plan, but more importantly, is executing on that plan impeccably well. Our faith in Jumia is a reflection of our faith in…
Mario13 By James Knightley Solid employment gains, low unemployment and sticky wages suggest no immediate need for Federal Reserve rate cuts. Nonetheless, the jobs market is cooling and the concentration of employment gains in sectors viewed historically as being lower paid and more part-time raises some concerns. We think the Fed will wait until May…
RHJ Recently, I wrote an article reviewing the VanEck Rare Earth/Strategic Metals ETF (REMX). While rising geopolitical tensions between the U.S. and China could benefit rare earth prices, I noted that the REMX ETF was overly concentrated on lithium miners and developers and did not have much exposure to rare earths. One alternative that I…
The creation of arbitrary tokens on top of the Bitcoin protocol is by no means new. In Bitcoin’s now 15-year history, there have been many attempts to create compatible protocols that leverage the data storage provided by Bitcoin nodes in an attempt to allow the creation of new cryptocurrencies and crypto assets. There have also…
Maskot/DigitalVision via Getty Images Introduction Concentrix (NASDAQ:CNXC) will be reporting its FY23 results (It has a November year-end) towards the end of the month, on the 24th of January. In light of this event, this brief article is aimed at exploring the recent share price performance of Concentrix, which has shown a clear divergence with…
Dragon Claws By Brian Resnick, CFA An Unfriendly Landscape for Income Investors A challenging macro mix is set to make investing a lot more challenging in the years ahead: the share of the world’s population that’s of working age seems to have peaked. Growth in world trade, a huge economic tailwind since the mid- 1980s,…
The creation of arbitrary tokens on top of the Bitcoin protocol is by no means new. In Bitcoin’s now 15-year history, there have been many attempts to create compatible protocols that leverage the data storage provided by Bitcoin nodes in an attempt to allow the creation of new cryptocurrencies and crypto assets. There have also…
Gajus We previously covered AbbVie Inc. (NYSE:ABBV) in October 2023, discussing its mixed prospects as Humira’s revenue erosion may further worsen with the US FDA approval of two directly interchangeable biosimilars. Combined with the stock’s sideways movement over the past few quarters, we believe that the stock offers a mixed growth/ dividend investment story until…
Paul Morigi Co-authored with “Hidden Opportunities.” Value investing involves buying underappreciated businesses when others are selling them at a discount and then holding them for the long term. This approach led to some of Warren Buffett’s most significant and profitable investments, acquired when others panicked. During the 2008 financial crisis, when everyone was running away…
kaetana_istock The Funds JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) has been around since June 2018. This exchange-traded fund, passively tracks the performance of the MSCI US REIT Custom Capped Index. This index comprises publicly traded U.S. REITs and includes entities from various real estate sub-sectors, like health care, hotel & resort, industrial, office, retail,…
Spencer Platt/Getty Images News Investment thesis When I wrote my initial thesis about Google (NASDAQ:GOOGL), I was cautious, and that did not age well as the stock outperformed the broader U.S. market since mid-May. A lot happened since then, and today, I want to update my thesis about Google. While I believe that Google lags…
Francesco Scatena/iStock via Getty Images My regular readers know this already, but newer ones might not. Before I began writing here on Seeking Alpha, I was a commercial real estate developer. I spent over two decades in the trenches literally learning how to create value “from the ground up.” My first job out of college…
monsitj Investment Overview Cambridge, Massachusetts-based Agios Pharmaceuticals (NASDAQ:AGIO) completed its Initial Public Offering over a decade ago in July 2013, raising ~$106m via the issuance of ~5.9m shares priced at $18 per share. The company developed and successfully won approval for the isocitrate dehydrogenase-1 (IDH1) inhibitor Tibsovo, in 2017, for patients with relapsed or refractory…
Urupong Introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer Investment Outlook and Strategies for Asset Allocation in 2024 Investors will likely remember 2023 for its many ups and downs, which included several leadership rotations, along with double-digit total return selloffs and rallies. The roller-coaster ride reflected investors’ shifting views on…
Sundry Photography Synopsys (NASDAQ:SNPS) has a robust growth track record, with a CAGR of 13% for revenue and 23% for adjusted EPS over the past five years. The stock price has experienced significant gains in the past due to its high-quality and growth record. However, I believe that the current stock price is overvalued, and…
bomboman As the saying goes, there is always a bull market going on somewhere. One particular market that may not have received much attention, but has certainly made fortunes for attentive inflection investors, is in shallow-water offshore drilling. Deep-water drilling attracts the majority of attention in the offshore oil industry, making the shallow-water sector often…
Falcor Investment Thesis Gold Fields Limited (NYSE:GFI) is a gold mining company headquartered in South Africa with 2.25Moz in gold equivalent production per year and $1,381/oz in AISC (all-in sustaining costs). In addition to organic development by GFI, there are significant secular tailwinds for gold, which we discuss in our article on the modern gold…
Editor’s note: Seeking Alpha is proud to welcome Amphion Research as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Wongsakorn Dulyavit I like to find businesses that are…
KatarzynaBialasiewicz/iStock via Getty Images Investment thesis Over the past 8 years, Tempur Sealy’s (NYSE:TPX) revenue grew at 7 % CAGR due mainly to the USD 0.5 billion acquisition in 2021. Without the acquisition, revenue growth would only be at about the long-term GDP growth rate. I also have concerns about its ability to achieve productivity…
Daniel Wright Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. In a surprise twist of fate, Israel-based liner company ZIM Integrated Shipping Services Ltd. (“ZIM”) appears to be among the greatest beneficiaries of the ongoing Houthi attacks…
Stadtratte What’s New Christmas came early in December for investors as bond yields continued to fall and equities delivered positive returns to close out a particularly strong year. The month was largely a continuation of trends that started the previous month, with the market continuing to price in a soft landing for inflation and the…
gopixa Thesis The Defiance Nasdaq 100 Enhanced Options Income ETF (NASDAQ:QQQY) is a new ETF launched to offer income generation and possible capital appreciation, with a strategy focusing on the selling of at-the-money options. The income generation comes from the options premium collected but can have negative impacts from movements in the underlying index. The…
Derek White Basic Thesis: Investing requires setting aside biases and prejudices to objectively examine investments. As a lifelong Yankee fan (proud owner of World Series rings with my last name on them), I am shunting my loyalties and coming out in favor of the Atlanta Braves (NASDAQ:BATRK) (NASDAQ:BATRA), which was recently split off from Liberty…
NoDerog Americans love their eggs. I guess I always knew that, as one trip to a breakfast-centric diner shows a lot of eggs, hash browns, and toast being slung around. But the data suggests the average American eats 279, or more, eggs per year. So they don’t just like eggs, they really, really like eggs….
Juan Jose Napuri Just over four months ago, I wrote on Evolution Mining (OTCPK:CAHPF), noting that with the stock continuing to trade at a premium valuation relative to its peers, I expected any rallies above US$2.75 to provide an opportunity to book some profits. Since breaching this level in November and again in December, the…
Pakin Jarerndee/iStock via Getty Images Investment Thesis The following article reiterates my October 2023 buy rating on the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), a rare product consistently holding high-quality U.S. stocks with high dividend yields and dividend growth rates. Only a handful of ETFs come close to sharing these qualities, and it’s worth buying…
morgan23 Investment Thesis In the investing world, finding a great opportunity with lots of potential for growth is always thrilling. As value investors, we aim to find those hidden treasures where the market may be overlooking true worth, leading to undervaluation. Today, we’re turning our attention to an exciting growth story that we believe could…
MCCAIG It’s that time again to peer into the year ahead. Most see a rosy 2024, following a spectacular 2023 that delivered a 25% return on the S&P500 and a whopping 45% return on the Nasdaq. Market observers expect the Fed to pivot in 2024, lowering interest rates, because inflation is under control. This article…
Franklin Covey Co. (NYSE:FC) Q1 2024 Earnings Conference Call January 4, 2024 5:00 PM ET Company Participants Derek Hatch – Corporate Controller Paul Walker – President and Chief Executive Officer Steve Young – Chief Financial Officer Sean Covey – President, Education Division Jennifer Colosimo – President, Enterprise Division Conference Call Participants Dave Storms – Stonegate…
JariJ/iStock via Getty Images In 2023, the global economy defied widespread expectations of a recession and falling interest rates. Instead, the United States, Japan, and, to a lesser extent, Europe delivered significantly better growth than was expected at the turn of the year, even as the U.S. Federal Reserve (Fed) and the European Central Bank…
FotografieLink With Jack Dorsey back in the hot seat with Block (NYSE:SQ), the market appears to be very optimistic on his plans to turn the company’s growth around and reach the Rule of 40 by 2026. In addition to striving for stronger topline growth, Dorsey outlined a number of cost-cutting measures that will be taking…
FreshSplash/E+ via Getty Images ETF Snapshot The SPDR S&P Retail ETF (NYSEARCA:XRT) is a $365m sized ETF that focuses on 77 stocks from the retail segment; stocks here include those primarily from the apparel sub-segment (~23% of all holdings), specialty stores (~22%), and the automotive sub-segment (~21%). Besides these key sub-segments, you also get exposure…