monsitj CEF Insights Quarterly Review January 2024 Interview – Tom Roseen CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today, we are joined again by Tom Roseen, Head of Research Services with LSEG Lipper, and author of the Fund Market Insight Report,…
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q4 2023 Earnings Conference Call January 18, 2024 2:00 PM ET Company Participants Donna Townsell – Director, Investor Relations John Allison – Chairman Brian Davis – Chief Financial Officer Stephen Tipton – Chief Operating Officer Kevin Hester – Chief Lending Officer Chris Poulton – President, CCFG Tracy French –…
JHVEPhoto Ahead of Comerica Incorporated’s (NYSE:CMA) newest earnings report on January 19th, I believe investors should sell the firm’s shares. My last article about Comerica, published on October 4th, argued that the bank had been unfairly beaten down following the March 2023 banking crisis. Moreover, the usage of intrinsic and extrinsic valuation methodologies confirmed the…
Andrii Dodonov By Peter Hayes and Sean Carney Our 2024 Outlook For Municipal Bonds BlackRock’s municipal (muni) bond experts share their market outlook and the actions you can take to raise your portfolio’s potential in 2024. 2023 – One Month Does Not A Year Make After initial optimism at the start of 2023 spurred strong…
Birkenstock Holding plc (NYSE:BIRK) Q4 2023 Earnings Conference Call January 18, 2024 8:00 AM ET Company Participants Alexander Hoff – VP, Global Finance Oliver Reichert – CEO David Kahan – President, Americas Mehdi Nico Bouyakhf – President, Europe Klaus Baumann – Chief Sales Officer Erik Massmann – CFO Conference Call Participants Edward Yruma – Piper…
Richelieu Hardware Ltd. (OTCPK:RHUHF) Q4 2023 Earnings Conference Call January 18, 2024 2:30 PM ET Company Participants Richard Lord – CEO Antoine Auclair – CFO Conference Call Participants Hamir Patel – CIBC Zachary Evershed – National Bank Financial Operator Good afternoon ladies and gentlemen and welcome to Richelieu Hardware Fourth Quarter Results Conference Call. At…
Shawn Williams/iStock Editorial via Getty Images Elevator Pitch My investment rating for Samsonite International S.A. (OTCPK:SMSOF) [1910:HK] stays as a Buy. I previously wrote about Samsonite International’s Q1 2021 performance and full-year fiscal 2021 business prospects in an article published on June 17, 2021. The focus of the current write-up is Samsonite International’s near-term financial…
Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity, in terms of assets under management (AUM). The surge in popularity of Bitcoin ETFs signals a growing acceptance of BTC as a mainstream investment vehicle. As reported by The Block, Bitcoin’s ascent to becoming the second-largest…
LPETTET Introduction When an investor thinks about real estate in Nevada, especially on the Las Vegas Strip, VICI Properties Inc. (VICI) is often the name that comes to mind. The REIT is very popular here on Seeking Alpha, and I’m a big fan of the company myself. I’ve published a few articles on the stock,…
This article was written by Follow Charles Rotblut, CFA is the editor of the AAII Journal, the flagship publication of The American Association of Individual Investors (AAII). Charles provides both insight about individual investor sentiment and market analysis. He is also the author of “Better Good than Lucky: How Savvy Investors Create Fortune with the…
BrasilNut1 Following our Bullish long-term story on Ryanair Holdings released in early January, today we analyze easyJet (OTCQX:EJTTF, OTCQX:ESYJY). Since our last update, the company’s stock price is up by almost 35%, and moving into 2024, it is an excellent moment to review our long-term thesis and update easyJet’s yearly financial forecast. As a reminder,…
Fly View Productions We continue our Q4 earnings coverage of regional banks today with another sizable firm in M&T Bank Corporation (NYSE:MTB). The stock from a valuation perspective is relatively attractive, and offers investors a 4% yield with a growing dividend to wait for operational performance to improve. We believe that at first, rate cuts…
PhonlamaiPhoto Listen below or on the go on Apple Podcasts and Spotify The goal is for a nationwide network of 500,000 chargers by 2030. (0:15) Jobless claims fall to 16-month low. (3:03) LL flooring tumbles as founder withdraws takeover offer. (5:15) This is an abridged transcript of the podcast. Our top story so far Electric…
ArtistGNDphotography While crude oil is a highly political commodity, wheat has the longest history of impacting global events. Wheat is the essential ingredient in bread and other food products that feed the world. Any government’s first job is to protect and nourish citizens. When food supplies decline or become too expensive, leaders lose power. The…
The countdown has commenced for $APP staking in the $INJ Ecosystem IDOs via Moon App, the innovative mobile launchpad hosting prominent projects in the Injective Ecosystem. In a highly anticipated development, Moon App, serving as the Layer0 + Launchpad of Injective, will initiate $APP staking for participation in the $INJ ecosystem Initial DEX Offerings (IDOs)….
Truist Financial Corporation (NYSE:TFC) Q4 2023 Earnings Conference Call January 18, 2024 8:00 AM ET Company Participants Brad Milsaps – Head of Investor Relations Bill Rogers – Chairman and Chief Executive Officer Mike Maguire – Chief Financial Officer Clarke Starnes – Vice Chair and Chief Risk Officer Conference Call Participants John McDonald – Autonomous Research…
The partnership is expected to reduce the risk of loss linked to liquidations when trader’s positions are undercollateralized. The Sui Foundation has partnered with off-chain data feed oracle Stork to provide traders and developers with fast pricing data. The Sui Foundation is the organization behind the layer-1 blockchain Sui and hopes to leverage Stork’s technology…
Dimitrios Kambouris/Getty Images Entertainment Warner Bros. Discovery, Inc. (NASDAQ:WBD) represents a unique opportunity in the entertainment and media industry. The company, which is the result of a merger between WarnerMedia and Discovery, Inc., boasts some of the most in-demand IP in the space. While WBD has yet to take full advantage of its vast IP…
The planned IPO also poses a test for Reddit users to show their loyalty to the platform. Reddit, the renowned social media platform, is on the brink of launching its initial public offering (IPO) in March to enter the stock market after three years of contemplation. According to a Reuters Thursday report citing people familiar…
Gary Yeowell/DigitalVision via Getty Images Investment Rundown The rail industry can be quite difficult to invest in. I often think it’s a very good reflection of how an economy does, if there is high activity the economy is most likely doing good, and vice versa. With Trinity Industries, Inc. (NYSE:TRN) you are getting a slightly…
The introduction of spot Bitcoin ETFs triggered a massive retracement in the overall crypto market. After just four days since the introduction of spot Bitcoin Exchange Traded Funds (ETFs), the crypto market has witnessed a substantial influx of over $2.9 billion, excluding funds tied to Grayscale Bitcoin ETF (GBTC). Top Three Bitcoin ETF Issuers Among…
KenDrysdale/iStock via Getty Images The FTSE 100 (UKX) is the index that everyone loves to hate. It’s full of dinosaur companies from legacy industries like banking, utilities, and commodities, and no self-respecting investor would touch it with a barge pole when they can funnel their cash into the much more glamorous and better-performing S&P 500…
The Blockchain Engineering program is a 20-week course. It covers a range of topics such as Web 3.0, distributed ledger technology, Solidity development, and Chain fundamentals. Binance Academy, the educational arm of Binance, is going the extra mile to ensure that Web 3.0 and blockchain education reaches every part of the world. However, achieving this…
da-kuk Can the leading software stocks survive a tech wreck in 2024? That’s the question I asked myself in reviewing iShares Expanded Tech-Software Sector ETF (BATS:IGV), which is one ETF on a slimmed-down watchlist of 100 ETFs I now focus most of my work on. In recently cutting my watchlist in half, one of the…
The correlation between WIF’s rally and Solana’s positive movement suggests a potential symbiotic relationship, where the success of one influences the other. In a remarkable turn of events, the Solana-based meme coin dogwifhat (WIF) has experienced another astounding rally over the past 24 hours. According to CoinGecko’s latest data, the token surged 50% to reach…
hapabapa Intel Corporation (NASDAQ:INTC) stock certainly has turned around after being in a position where its technology was seemingly behind the curve of many competitors. The stock has had an amazing run just quarters after reporting its largest loss in history. We traded this one, as we saw shares a buy when they were in…
Bernstein notes that the underperformance in Bitcoin mining stocks could provide an accumulation opportunity for long-term investors. Bitcoin mining stocks have experienced recent underperformance, attributed to two key challenges following the approval of spot Bitcoin exchange-traded funds (ETFs), according to a research report by Bernstein. The first hurdle is “lower investor appetite to use them…
shapecharge Dear Investors, The Headwaters Capital Management, LLC (“Headwaters Capital,” “Headwaters,” or the “Firm”) portfolio increased by +18.1% (+17.1% net) during Q4 2023 compared to a +12.8% return for the Russell Mid Cap Index over the same period. Full year 2023 performance for the Headwaters portfolio was +34.8% (+33.0% net) compared to a +17.2% return…
If formally adopted, these uniform rules will strengthen cooperation among EU member states in combating financial crime. The European Union (EU) has made progress towards imposing stricter due diligence rules for cryptocurrency firms as part of its Anti-Money Laundering Regulation framework. These regulations aim to combat money laundering and establish standardized rules across all its…
tdub303 By Daniel Chu, CFA, Charles Hamieh, Shane Hurst, & Nick Langley Rate Pressures Ease for Renewables, Communications Market Overview Infrastructure and equity markets rallied into the end of the year, driven by a precipitous decline in interest rates as sustained disinflationary trends created an expectation that not only is the Fed finished raising rates,…
While Franklin Templeton expressed enthusiasm for Solana, Ethereum, and Bitcoin, the firm indicated that it is actively monitoring other layer-1 blockchains with massive potential. Franklin Templeton, a trillion-dollar asset management firm, recently expressed admiration for the Solana network, sparking debate about the potential for a Solana Exchange Traded Fund (ETF) in the future. This follows…
Marvin Samuel Tolentino Pineda Please note all $ figures in $CAD, not $USD, unless otherwise stated. Investment Thesis If you’re a Canadian like I am, you’re no doubt familiar with Rogers Communications (TSX:RCI.B:CA), one of the largest telecommunications companies in Canada along with Telus (T:CA) and BCE (BCE:CA). In fact, because of the oligopolistic nature…
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases. With the United States Congress having failed to provide clear guidelines for the nascent cryptocurrency market, the key crypto players in the country have…
CHUNYIP WONG/iStock via Getty Images Thesis Office Properties Income Trust (NASDAQ:OPI) suffered a 37% decline following the announcement of a dividend cut on Jan-11. However, after examining the OPI portfolio, I believe the company has been oversold. Since the onset of COVID, the stock has witnessed a nearly 90% drop in price, driven by concerns…
The new routing tech is developed by the ConsenSys-backed Special Mechanism Group (SMG) to enable smart swaps on the MetaMask wallet. ConsenSys Inc, a private blockchain software technology company that has focused on building web3 infrastructure, is on the verge of releasing a game-changer feature for the MetaMask wallet. According to a report by CoinDesk,…
Pgiam/iStock via Getty Images The J.P. Morgan Guide to the Markets is exactly what it says on the tin: a comprehensive, in-depth guide to global investment markets. It includes a treasure trove of quantitative information regarding U.S. and international equities, bonds, and other investment securities, as well as broader macroeconomic conditions. The guide includes detailed…
The significant outflow could be attributed to TrueUSD’s January 10 report, where the company informed users about a full upgrade to their fiat reserve audit system in collaboration with the Hong Kong-based accounting firm MooreHK. TrueUSD (TUSD), a stablecoin supposedly associated with Chinese-born crypto entrepreneur Justin Sun, has been on a downward trajectory since January…
ryasick Goldman Sachs BDC (NYSE:GSBD) runs a first-lien strategy and is an interesting BDC for investors for income, yield and growth. The BDC’s shares are currently trading at a small premium to net asset value, but have traded at a higher premium in the past. I like Goldman Sachs BDC’s first-lien strategy and although the…
The US Federal Reserve has been exploring the feasibility of a CBDC. This, however, is not a sign that a digital dollar is on the horizon. Former United States President Donald Trump has stated that he will not allow the creation of a central bank digital currency (CBDC). Trump, who is seeking the Republican presidential…
Christopher Furlong/Getty Images News Responsible investing being one of my twin areas of interest, I write mostly about companies that are champions of sustainability in their respective industries. Occasionally I cover ESG laggards and firms with intrinsically high ESG risks. Elbit Systems (NASDAQ:ESLT) is a plain example of the latter. The company has been dropped…
On-chain data shows that money from GBTC has been flowing into the newly launched spot Bitcoin ETFs amid very low fee structures. In an exclusive interview with Bloomberg Television from Davos on Wednesday, January 17, Grayscale Investments Chief Executive Officer Michael Sonnenshein defended the 1.5% management fee charged for the Grayscale Bitcoin Trust (GBTC). This…
Tramino/iStock Unreleased via Getty Images Strong Auto Sales Push Stellantis’ Stock Higher Stellantis (NYSE:STLA), a global automotive powerhouse formed through the merger of Fiat Chrysler Automobiles and Peugeot S.A., has positioned itself as a significant player in the rapidly evolving automotive industry. Since we last covered Stellantis, the stock has delivered a total return of…
Sibani Das Introduction In our previous article, we presented our thesis that projected CleanSpark (NASDAQ:CLSK) to do the following: 24% shareholder dilution to fund its 16 EH/s expansion plans 2x potential return from $428mil market cap to $1.27bn market cap Now that these projections have been realized, this article serves as an update to our…
AzmanL/E+ via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a hold, as I believed any further upside for Braze (NASDAQ:BRZE) would require multiples to re-rate even higher, even though I was optimistic about the business. My conclusion back then was to wait for a cheaper valuation…
La_Corivo Introduction Pan American Silver (NYSE:PAAS) is one of my favorite silver miners. Since Yamana’s acquisition, the company has added quality assets, considerably expanding its reserves and resource base. PAAS assets are in countries with relatively low political risk in the Western Hemisphere. Besides that, the revenue per country does not exceed 25%. 3Q23 production…
Supatman/iStock via Getty Images Investment Thesis Coursera (NYSE:COUR) pulled in positive free cash flow for the first time in 2023, due to not only the strong revenue but also net income growth. Although its liquidity and cash position have strengthened, its profit margin has taken a hit, showing the constraints of its scale up efforts….
jittawit.21 Investment Thesis SoundHound AI (SOUN) develops advanced AI solutions, enabling voice-based interactions. Their products range from automotive voice assistants to customer service solutions, making it easier for users to engage with devices and businesses using their voices. The business has an alluring narrative, but there are pesky details that keep me bearish on this…
da-kuk Introduction “Chip stocks,” or companies that produce semiconductors and computer hardware, are very hot on Wall Street and have been for the last decade with seemingly no stopping in sight. It’s no wonder then that the iShares Semiconductor ETF (NASDAQ:SOXX) has also been on a tear and has made investors eager to “invest in…
Kwarkot Data by YCharts My last coverage of Core Scientific (OTCPK:CORZQ) in October focused on the company’s restructuring plans and its revamped mining activities. Though undergoing Chapter 11 bankruptcy proceedings, CORZQ was not left out in the Bitcoin momentum of Q4 last year. CORZQ jumped ~102% in Q4, in a similar trend with most crypto-exposed…
Michael M. Santiago High-end retailers are often at a premium, despite the supply chain being difficult to manage. Among the companies trying to modernize their supply lines is Macy’s Inc. (NYSE: M). They will be the subject of today’s analysis. A company of 722 stores, they are understandably a highly seasonal business, with a lot…