Urupong In 2024, inflation, interest rates, and the presidential election will likely be on top of ETF investors’ minds. Here are four other lesser-known trends and insights — both positive and negative — to consider in 2024. 1. Pricing power is needed to withstand short-term periods of weaker demand It is not necessarily difficult to…
AntonioGuillem/iStock via Getty Images Transcript Oscar Pulido: Welcome to The Bid, where we break down what’s happening in the markets and explore the forces changing the economy and finance. I’m your host, Oscar Pulido. In 2023, global equity markets experienced a notable surge driven by resilient economic growth and increased investor confidence. Setting an optimistic…
seraficus For most of 2022 and 2023, investors avoided REITs due to rising interest rates. As a result, allocations to REITs dropped to their lowest levels since the great financial crisis and with that, valuations also became heavily discounted: Bank of America REIT valuations are historically low (Principal Asset Management) But here’s my important warning…
Hispanolistic The market can get truly absurd from time to time. Instead of being this efficient machine that many believe it to be, it can create scenarios that logically do not make sense. A great example of this can be seen by looking at what occurred on January 5th. Shares of Medical Properties Trust (NYSE:MPW),…
FG Trade Johnson & Johnson (NYSE:JNJ) is an American corporation focused on the creation and manufacturing of medical devices, vaccines, and medicines designed to address a range of prevalent illnesses, such as cancer, cardiovascular diseases, and neurological disorders. Thesis Over the past two weeks, Johnson & Johnson’s share price has continued to trend upward despite…
Olivier Le Moal Author’s Note: This is our monthly series on dividend stocks, usually published in the first week of every month. We scan the universe of roughly 7,500 stocks listed and traded on U.S. exchanges and use our proprietary filtering criteria to select five relatively safe stocks that may be trading cheaper compared to…
Pgiam/iStock via Getty Images Partners Group (OTCPK:PGPHF) is probably a little expensive. There is a high probability of AUM growth, which we are comfortable assuming given AM dynamics. PEs are not too bad, with the fixed fees being pretty reliable given the state of the asset class. We have concerns around how recent 2021 investment…
Michael M. Santiago/Getty Images News The online marketplace Etsy (NASDAQ:ETSY) hasn’t had a good start to 2024, with an almost 6% decline in share price. In fact, in yesterday’s trading, it was among the top 10 S&P 500 (SP500) fallers yesterday, which prompted me to look at it. This is a continuation of the trend…
makaule We often take a look at the top ten holdings of closed-end funds and exchange-traded funds because those are often the largest positions in the fund. It gives us a good sense of what type of holdings the fund is tilted toward due to its largest exposure. With that said, it has been quite…
Michael M. Santiago Introduction Although virtually all preferred shares issued by financial institutions are non-cumulative in nature, I still keep a close eye on some of the fixed rate issues. Despite the preferred dividends being non-cumulative, I still think they could be an interesting addition to my portfolio as long as the underlying bank is…
DNY59 Utilities stocks came under significant pressure for most of 2023, as the Fed interest rate hikes knocked much-needed sense into over-optimistic investors. However, the battering in utilities stocks has also created opportunities for investors in late 2023 as the utilities sector (XLU) bottomed out. Accordingly, XLU bottomed out in early October 2023, well before…
Dilok Klaisataporn APAC GDP growth expected to remain strong Economic growth in the APAC region strengthened in 2023, reaching an estimated pace of 4.5% year-over-year (y/y), significantly higher compared with GDP growth of 3.3% in 2022. An important factor supporting the upturn in growth momentum during 2023 was improving growth in mainland China following the…
metamorworks Following the failure of several prominent banks in the U.S. and the forced rescue of Credit Suisse in the first quarter, financial sectors remained largely resilient in 2023. This upheaval, triggered by concerns around banks’ unrealized losses, was more pronounced than anticipated in the U.S., prompting sizeable support measures from the Federal Reserve to…
asbe Moat stocks once again dominated the S&P 500 (SP500, SPX) in 2023, as the Moat Index surged 32.41% versus the S&P 500’s 26.3% gain in 2023. U.S. equity markets ended 2023 on a high note in December with a year-end rally that led major U.S. stock indexes to their ninth positive week in a…
Andranik Hakobyan Weekly Recap While the calendar was quiet this past week, six IPOs joined the pipeline, two of which we estimate could raise $1 billion or more. Sports equipment and apparel maker Amer Sports (AS) filed to raise an estimated $2 billion. The Finland-based company’s portfolio contains major brands like Arc’teryx, Salomon, Wilson, and…
SimonSkafar/E+ via Getty Images Introduction I have been keeping an eye on some European cement producers, as the decreasing interest rates may spark renewed enthusiasm in the real estate and construction sector. And of course, when the war in Ukraine ends, Eastern Europe will need a lot of construction materials for the reconstruction of the…
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Dilok Klaisataporn The terribly mixed US jobs report spurred dramatic intraday swings in exchange and US interest rates. But at the close, the dollar was little changed against most major currencies, and expectations for Fed policy was nearly unchanged. The futures market has about a 70% chance of a cut at the March meeting. The…
z1b It pays to invest in things that form the backbone of the economy, and what is a better example of that than the U.S. Postal Service, which since its inception has delivered for the American public come rain or shine. While the USPS is an independent agency of the federal government that you cannot…
ugurhan We previously covered DocuSign, Inc. (NASDAQ:DOCU) in October 2023, discussing the stock’s oversold status, attributed to its decelerating growth and uncertain macroeconomic outlook. We had viewed this phenomenon as a positive Buy sign, since it remained highly profitable with its market leading offerings still sticky globally. In this article, we shall address the unlikely…
JHVEPhoto It has been a rough start for some of 2023’s winners. Specifically, semiconductor stocks have struggled to kick-start the year. I noticed that the first two sessions of January were the worst back-to-back trading days since December 2022 for the VanEck Semiconductor ETF (SMH). After a stellar last 12 months, a pullback might make…
urzine/iStock via Getty Images Clarus (NASDAQ:CLAR) sells outdoor equipment in the United States as well as internationally. The company operates under three segments – Outdoor with the Black Diamond, ClimbOn, and PIEPS brands, soon-to-be-sold Precision Sport with Sierra Bullets and Barnes Bullets brands, and Adventure with Rhino-Rack, MAXTRAX and TRED. Clarus November Investor Presentation Clarus’…
Nikada/E+ via Getty Images My Thesis I think L’Oréal (OTCPK:LRLCF) is one of the highest-quality businesses in the world. At the right price, I would buy it like it’s Black Friday. The combination of diversification among different growing markets, high and stable margins, high returns on capital, advantages to size, barriers to scale, family-owned business,…
PixelsEffect A logical pick cut in half There haven’t been many, if any drawdowns of this caliber to grab Pfizer (NYSE:PFE) -50% off highs. The company is down for good reason, investment in the Covid Vaccine solutions has left the company behind from an R&D perspective. While products related to MRNA Covid vaccines continue to…
Justin Sullivan I expect Qualcomm (NASDAQ:QCOM) to be a big winner in 2024, as the company is exceptionally well-positioned to capture emerging growth in AI-powered application in Edge computing. In fact, Qualcomm’s management anticipates that first use-cases of device-powered AI applications (e.g., on smartphones), may surface as early as 2024, with a subsequent exponential surge…
Leonhard Simon/Getty Images News China EVs are a highly contested investment theme with extremely choppiness, which I believe ultimately ends in upside BYD (OTCPK:BYDDF) (HK-1211) is one of the top relative outperformers in China’s landscape in calendar year 2023, where the majority of technology names capitulated 10-20% losses in another year where the Hang Seng…
nathaphat Thesis I was initially interested in buying Pfizer (NYSE:PFE) but after deeper research, I got more and more reluctant to pull the trigger. So I am rating it a ‘Neutral/Hold’ for now. Here’s my narrative for Pfizer: Pfizer needs new revenue streams in a post-COVID world with patent cliffs on the horizon Patent cliffs…
AnuchaCheechang I am following up on my Q1 2023 thesis for América Móvil (NYSE:AMX) in light of JV changes and in advance of year-end earnings. I previously rated América Móvil a hold for the following reasons: Performance across countries was inconsistent, with strength in Brazil and Mexico partially offset by rate and volume challenges in…
Douglas Rissing This article discusses the big divergence between U.S. fiscal policy and U.S. monetary policy over the past year, and how that impacts various parts of the economy differently. It also takes a look at how the United States, Europe, and China have sharply diverged from each other on these policies. The Fed vs…
blackred The Year 2023, the State of The Markets, and Where We Will Look for Investments in 2024 The year 2023 was a very good one for our investments, but I will not expound here upon how much our stocks went up last year. You already know our portfolio well and most of you follow…
fotokostic Investment Thesis Bunge Global SA(NYSE:BG) is an agribusiness company is operates in an industry plagued with price fluctuations and demand fluctuations due to the seasonality nature of the agricultural sector. Despite these characteristic challenges, the stock is up about 80% over the last five years. I believe this is because of its strong track…
ismagilov Investment Thesis Marathon Digital Holdings Inc. (NASDAQ:MARA) is a digital asset mining and technology company that focuses on the generation of digital assets and cryptocurrencies, most namely Bitcoin (BTC-USD). Although headquartered in Fort Lauderdale, Florida, the company conducts most of its operations out of Texas and North Dakota. MARA is one of, if not…
DKosig In June 1999, the US Fed began an 11-month rate hiking cycle that took the overnight rate from 4.75 to 6.5% by May 2000. Amid tech-mania-inspired irrational exuberance, the S&P 500 hit 1527 by March 2000, sold off into the summer, and rebounded to double top at 1521 by September on soft-landing forecasts. What…
JHVEPhoto Thermo Fisher Scientific (NYSE:TMO) has revised their full-year revenue guidance, attributing the adjustment to a 1% core organic growth, primarily influenced by sluggish growth in China and the diminishing impact of COVID-related revenue. Their outlook for FY24’s core organic revenue growth mirrors the levels seen in FY23, indicating another year of modest expansion. In…
Dilok Klaisataporn “Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won.” – Charlie Munger It’s a new year, investors have changed the page on the calendar, and now we’ll see if they have also changed their mindset when it comes to the equity…
shank_ali A Hold Rating on SunCoke Energy This analysis suggests a “Hold” rating on shares of SunCoke Energy, Inc. (NYSE:SXC), an independent coke producer based in Lisle, Illinois. This analysis confirms the “Hold” rating assigned to SunCoke Energy, Inc. in the previous analysis. The rating was given because thanks to the presence of a portfolio…
Michael M. Santiago Last year, when I reviewed the JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST), I noted that the JPST ETF was a viable cash replacement tool. However, unlike true cash instruments like money market funds, the JPST ETF does have modest amounts of duration and credit risk in its portfolio, as it held short-term corporate…
cyano66 Thesis With the jobs report just out, and non-farm payrolls rising more than expected, treasury yields are yet again rising. The labor market continues to be more resilient than expected, and without a high unemployment rate the Fed has absolutely no reason to cut rates. The economy seems to be humming along, with no…
Juanmonino Investment thesis Our current investment thesis is: U-Haul’s (NYSE:UHAL) diversified revenue stream and strong business model positions it perfectly as a long-term compounder. The company has a strong asset base that is growing rapidly, alongside a market-leading position in the UK. We suspect it can continue to grow at a similar rate to historically…
Shaiith/iStock via Getty Images Introduction Pangaea Logistics (NASDAQ:PANL) is a curious shipping company. It has 26 vessels, 12 of which are ice class, and operates primarily on voyage charters and contracts of affreightment (COA). On top of that, the company owns stevedoring services in a few locations in North America and Greenland. PANL has a…
Peter Hansen/iStock via Getty Images This is a chart that people will be talking about for a long time now. This shows the ISM Services Employment Index. Services have been extremely strong for the last few years, and it’s been a consistent bright spot in the economy. It’s been so strong that it’s forced the…
Oat_Phawat Hercules Silver (OTCQB:BADEF) shares lost over 40% of their value on January 2, 2024 on the back of the most exploration results. While these results did not match the high grades we saw in earlier results, there are some positives to glean from the most recent batch. While much work remains to be done…
da-kuk An acquaintance of mine asked for my opinion on Riot Platforms (NASDAQ:RIOT), a company whose primary operation is mining Bitcoin (BTC-USD) for sale. I’ve avoided dabbling in cryptocurrencies and anything related to it so far. In short, I’ve yet to see the appeal to an investor with a long-term horizon. One of the advantages…
deepblue4you For the 2nd week in a row, there was no data forthcoming from IBES and Refinitiv, which is actually understandable, since the last week of every quarter, and then the first week of the next quarter, is very slow in terms of earnings releases. Using the last “live” report from IBES data by Refinitiv,…
Leila Melhado/iStock Editorial via Getty Images Magazine Luiza (OTCPK:MGLUY), also known as “Magalu,” has undergone a significant transformation in its performance over the past several years. Between 2015 and 2020, the company’s stock soared by an impressive 93,000%, reaching a valuation of R$160 billion, equivalent to around $32 billion. However, in the subsequent three years,…
somboon kaeoboonsong Dear readers/followers, My last article on Tomra (OTCPK:TMRAY, OTCPK:TMRAF) saw me improving my target and recommendation to a “BUY” from a “HOLD”. While the company has been a very volatile investment for the past few months, I firmly believe in two things when it comes to Tomra. First off, I believe that Tomra…
Henrik5000 By Matt Wagner, CFA It’s been just over a year since the launch of the WisdomTree U.S. Quality Growth Fund (QGRW) in December 2022. This year’s performance provided compelling evidence that looking under the hood at the nuances of index construction matters. 2023 Performance The WisdomTree U.S. Quality Growth Fund seeks to track the…