Galeanu Mihai/iStock via Getty Images A Broadening Equity Market Favors Value! The past year was a surprisingly strong year for the equity market and in many ways the opposite of 2022. 2023 started with inflation rates well above the long-term average and increased market volatility and the bank failures of Silicon Valley Bank (OTCPK:SIVBQ) and…
Matteo Colombo/DigitalVision via Getty Images Centuries of investment wisdom, combined with my own personal experiences, have led me to realize that some of the greatest investment opportunities occur during periods of tremendous uncertainty. When it seems as though the world is falling apart, that is when stocks are discounted the most. It was the banking…
Vivek Vishwakarma Trying to beat the market all the time is a hard feat to accomplish and is something that I’m simply not interested in doing. For one thing, that would involve having to constantly trade in an out of stocks in an effort to capture value. Plus, there are also short- and long-term tax…
Darren415 Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as…
Erhan ZENGIN/iStock via Getty Images Small-cap averages like the Russell 2000 have had a hard time showing any compelling momentum, but not all small-cap sectors have had no momentum. It turns out, small-cap Industrials have actually done okay, and that can continue. That’s where the Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) comes into play. stockcharts.com…
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We Are We previously covered Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in October 2023, discussing the promising bottoming of the semiconductor cycle, further aided by the timely PC/ server/ smartphone refresh cycles since the pandemic boom. Thanks to the robust demand for Generative AI and growing global footprint, we believed the foundry’s prospects appeared to…
SEAN GLADWELL/Moment via Getty Images By Reed Cassady, CFA, Albert Grosman, Sam Peters, CFA Deeper Dive on Soft Landing Reveals Risks Market Update What an ending to the year for U.S. equities. The market has become increasingly convinced of a soft landing and inflation is easing toward the Federal Reserve’s target range across total, core…
FABRICE COFFRINI/AFP via Getty Images Background We last covered Philip Morris (NYSE:PM) in July of 2023–you can read the article by clicking here. At the time, we were bullish on the prospects of the long-downtrodden tobacco company as it seeks to diversify its offerings and move towards a ‘smoke-free future.’ Since article, the stock has…
ismagilov By Charles Hamieh, Shane Hurst, Nick Langley, & Simon Ong Rate Shift Lifts Utilities and GDP-Linked Infrastructure 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,…
Grace Cary/Moment via Getty Images Introduction Per its mission statement, Howard Hughes Holdings, Inc. (NYSE:HHH) (the “Company” or “Howard Hughes“) aims to “enhance people’s lives by building inspired, award- winning communities.” Among other projects, the Company develops and is most known for its high-quality collection of well-located master planned communities (“MPCs”). I am currently bullish…
SL_Photography/iStock via Getty Images Introduction In a recent article on Tourmaline Oil (TOU:CA, OTCPK:TRMLF), I explained why the company stock was a good way to have exposure to natural gas prices. However, I obviously also wanted to have another look at some of my older ideas. Crew Energy Inc. (TSX:CR:CA, OTCQB:CWEGF), for instance, is a…
Jira Pliankharom By Brian Angerame, Jeffrey Bailin, CFA, Aram Green, Matthew Lilling, CFA Growth Stocks Rise on Rate Cut Prospects Market Overview Equity markets generated strong returns in the fourth quarter, bolstered by declining bond yields and a resurgence of optimism that the U.S. economy could indeed achieve a soft landing. This helped to further…
JHVEPhoto Elevator Pitch My investment rating for Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a Hold. CTSH’s good stock price performance in 2023 was driven by earnings beats, and better client and employee metrics. But I think that Cognizant’s stock price performance for 2024 will be flattish considering its valuations and revenue growth prospects. As such,…
NewSaetiew/iStock via Getty Images Maxeon Solar Technologies (NASDAQ:MAXN) is a technology company headquartered in Singapore that designs, distributes, installs and services solar panels. The company has been in this business for a long time with multiple generations of products over years but it has yet to see much of a growth or profits which will…
spawns/iStock via Getty Images Despite the very large dividend payout, British American Tobacco p.l.c. (NYSE:BTI) has been a huge disaster for shareholders for a long time now. The company has been aggressively investing into cannabis and outlining plans to write down U.S. combustible brands in signs management fears the end game of the main business…
bluebay2014 By Brian Levitt, Global Market Strategist The S&P 500 Index hit a new record.1 We did it! And also… what do we do now? Here’s what stock market highs mean – and don’t mean – for long-term investors. A world of change since the last market high Admittedly, the prior peak in January 2022…
Gerasimov174 We previously covered Tesla, Inc (NASDAQ:TSLA) in October 2023, discussing its decelerating Full Self-Driving (“FSD”) adoption, as demonstrated by the moderating service revenues and declining gross margins. Combined with the reversal in sentiments from the automaker’s impacted electric vehicle (“EV”) revenues and elevated inventory levels, we at that time believed that the stock’s elevated…
asbe/iStock via Getty Images Fellow Investors, In our January 2023 Quarterly Letter, we thought there were three questions of particular importance to investors: Will inflation remain high? If so, how high will it be? Will the United States enter a recession? If so, how bad will it be? Will a financial crisis erupt that prompts…
ucpage/iStock via Getty Images Let me start by saying that I own my home and I think that home ownership is well worth it for the non-financial benefits that it provides. However, purely financial perspective, I think that home ownership is way overrated and I would go as far as to say that it is…
MR.Cole_Photographer/Moment via Getty Images The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway’s central bank. Although the market anticipates the beginning of an…
Jinda Noipho/iStock via Getty Images Fund Characteristics P/V Ratio High-60s% Cash 7.1% # of Holdings 24 Click to enlarge Annualized Total Return 4Q (%) 1 Year (%) 3 Year (%) 5 Year (%) 10 Year (%) Since Inception (%) International Fund 7.40 17.42 -1.82 2.32 1.32 6.12 FTSE Developed ex-North America 10.65 18.36 3.30 8.06…
Shutthiphong Chandaeng Investment Thesis The Trade Desk (NASDAQ:TTD) has outpaced the digital advertising industry as a whole thanks to its innovations in programmatic advertising and market positioning as an exclusively demand side platform (‘DSP’). The company’s tailwinds remain plentiful within the Connected-TV (‘CTV’) and Retail Media verticals. Additionally, a shifting identity landscape as Google’s ‘Cookies’…
SIphotography/iStock via Getty Images “Something is rotten in the state of Denmark.” It’s one of the most famous lines from Shakespeare’s Hamlet, right up there with “Get thee to a nunnery” and “To be or not to be.” The funny thing is that, while the latter two are made by Hamlet himself, the “rotten” comment,…
hapabapa Introduction In my previous article, I have been bullish on Micron (NASDAQ:MU). At the time, I viewed Micron’s CAPEX cuts, memory chip industry progression, and macroeconomic environment positively. All these factors were moving in the direction likely to benefit Micron. Today, I continue to stand by my previous bullish thesis. The macroeconomic condition surrounding…
Khanchit Khirisutchalual I have started posting my full analysis videos on YouTube (see my profile for the link) but I still think writing these articles is fun but also helps me think thoroughly about the performance of the portfolio and offers a chance to consider things I might otherwise overlook. John and Jane’s Portfolios (Taxable…
The challenges associated with physical work and delayed payments, as discussed in the construction and logistics industries articles, might not be as directly applicable to industries with less physical movement. However, the principles of instant settlement and the removal of intermediaries can still bring efficiency and innovation to various sectors. The advantages of instant settlement,…
fhm/Moment via Getty Images NuScale Power (NYSE:SMR), specializing in Small Modular Reactor technology, represents a notable divergence in nuclear power plant design and operation. The company’s NuScale Power Module (NPM), each generating 77 Megawatts-electric (MWe), utilizes established nuclear technology with a focus on integration and simplification of components. This includes the elimination of certain conventional…
Phiromya Intawongpan Thesis Speculation has been swirling in the markets for a Fed cut as soon as March. Not only are Fed Funds futures still pricing the probability of such a cut, but even some reputable analysts are advocating for such a move. We, however, are of a different opinion. With stronger than expected data…
Dragon Claws The leveraged loan ETF space is dominated by three funds: the Invesco Senior Loan ETF (BKLN) which has assets of ~$6.4 billion, the SPDR Blackstone Senior Loan ETF (SRLN) which has ~$5.2 billion in assets, and the First Trust Senior Loan Fund (FTSL) which as ~$2.2 billion in assets. The next three largest…
24K-Production PepGen (NASDAQ:PEPG) is an innovative company using exon skipping therapies to address muscular dystrophy conditions. The burdens are high, although the disease is quite rare, but market sizes are not small. However, PEPG is early stage, with still a long ways to go in implementing their new technology to addressing the shortfalls with currently…
RazoomGames JBS S.A. (OTCQX:JBSAY) is the largest meatpacking company in the world. The company is the number one global processor and seller of beef and poultry and number two in pork. The company has also expanded downstream to value-added products like prepared foods, sausages, etc. In my opinion, JBS shows a history of great capital…
ConceptCafe 10x Genomics (NASDAQ:TXG) specializes in medical devices, instruments and software for collecting and analyzing biodata. This is a growth company with impressive revenue growth but it’s been struggling to turn a profit due to heavy operating expenses (especially R&D and marketing) and its valuation is still a bit lofty despite a recent sell off….
Shutthiphong Chandaeng Intro Perion Network (NASDAQ:PERI) is a global technology company that operates in the digital marketing industry, providing advertising and marketing solutions to businesses, helping them reach their target audiences more effectively in the online space. The company operates two revenue streams: Display advertising and Search advertising. For additional context, display advertising involves visually…
VV Shots Citigroup Inc. (NYSE:C) has profited, in terms of stock performance, from expectations about an ending rate hiking cycle, but the bank’s fourth quarter results were anything but great. The bank recorded a number of extraordinary charges in the fourth quarter that caused Citigroup’s earnings to drop substantially. I think that Citigroup’s net interest…
CHAO-FENG LIN/iStock via Getty Images PORTFOLIO REVIEW We are pleased with the performance of the portfolios in 2023 and hope you are as well. For the year, all five of our investment strategies posted solid double-digit returns well ahead of inflation and beat their respective benchmarks. We are also pleased with our results in the…
Nikada/iStock Unreleased via Getty Images Entering the year as the most valuable company on the planet, Apple (NASDAQ:AAPL) faces some large potential risks. The question is can the company get back to innovating to overcome these hurdles. Company Profile AAPL designs hardware and software for its own brand of smartphones, computers, laptops, tablets, wearable devices,…
grandriver Investment Thesis WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is positioned as the industry leader in the specialized leasing market, operating at the intersection of large industrial B2B sectors set to benefit from both short-term economic upswings and long-term outsourcing trends. I am confident about the company’s strong positioning as a market leader and its…
akinbostanci Introduction While IT giants dominate the cloud infrastructure industry, a rising star called DigitalOcean (NYSE:DOCN) has emerged in recent years, demonstrating a global presence in 190 countries and remarkable profitability despite its comparatively modest scale. The company doesn’t directly compete with tech giants as it focuses on small and medium businesses, yet this niche’s…
onurdongel Flexsteel Industries (NASDAQ:FLXS) manufactures and imports furniture to over 2700 retail stores and ecommerce channels across the United States. The company sells under three core brands; Flexsteel, Charisma, and Homestyles. In addition, the company has a number of sub-brands for specialized offerings. Most of Flexsteel’s sales come from independent retailers, but the company has…
Edwin Tan By Hannah Barr, Senior ESG Associate| Naveen Jayasundaram, Sr. Analyst – Media & Internet | Mary Jane McQuillen, Head of ESG, Portfolio Mgr. | Hannah Whang, Senior Analyst – Industrials Measuring Impactful Company Engagements An Enhanced Internal Engagement Initiative Engagement to drive positive change in public equities has been a longstanding part of…
JHVEPhoto/iStock Editorial via Getty Images Growing up as a World Wrestling Entertainment (TKO) fan (WWF back in those days), I’ve long known about Mattel, Inc. (NASDAQ:MAT) as the company that produces iconic action figures of wrestling superstars. Some may recall Mattel for Barbie or Uno. Irrespective of which toy or game you associate with Mattel,…
USO/iStock via Getty Images Investment Thesis In dissecting Dorian LPG (NYSE:LPG), my investment article aims to lay out a compelling case for why this company is destined for growth. As we dive into the nuances of Dorian’s operations and financial health, readers should anticipate highlights on the company’s current performance but also its strategic positioning…
guvendemir Introduction The iShares US Aerospace & Defense ETF (BATS:ITA) is a passive index fund composed of the largest manufacturers of arms and military-grade equipment in the US (and the world, for that matter, but it is restricted to US stocks). Included in the index’s top holdings are names like Raytheon, now RTX Corp (RTX);…
miniseries The fourth quarter offered a distinct final chapter to the shifting quarterly narratives of 2023. The “higher for longer” interest rate concerns of the third quarter gave way to optimism that the Federal Reserve is done raising interest rates and that the economy, having skirted the much- anticipated recession thus far, was more likely…
fatido/E+ via Getty Images Precigen (NASDAQ:PGEN) is a biotech to keep an eye on because of its phase 1/2 study it is advancing using its lead immunotherapeutic vaccine known as PRGN-2012, which is being used to treat patients with recurrent respiratory papillomatosis [RRP] in an ongoing phase 1/2 trial. That’s because there has been several…
MihailDechev/iStock via Getty Images Introduction Dorian LPG (NYSE:LPG) is one of the leading LPG shipping companies. It operates 25 vessels, 4 of which are chartered-in. Besides that, it participates in the Helios LPG pool along with MOL Energia. Being part of the pool, LPG operates 27 additional vessels. The company`s vessels are, on average, eight…
imaginima Lately, I’ve been writing a lot about rapid compounders with high dividend growth potential because I believe that the fundamental growth generated by these types of companies is likely to provide outperformance over the long-term. However, there’s still a place for high yielding stocks in my portfolio because of the peace of mind that…