Graco Inc. (NYSE:GGG) Q4 2023 Earnings Conference Call January 30, 2024 11:00 AM ET Company Participants Christopher Knutson – EVP, Corporate Controller Mark Sheahan – President, CEO and Director David Lowe – CFO and Treasurer Conference Call Participants Deane Dray – RBC Capital Markets Michael Halloran – Baird Saree Boroditsky – Jefferies Joe Ritchie –…
champpixs Investment Thesis Artisan Partners Asset Management Inc. (NYSE:APAM) just reported its Q4 numbers. I wanted to give an update on the company’s performance since my last coverage of the company, where I assigned it a buy, and since then the share price has appreciated 46% (dividends included) against the S&P 500’s (SPY) 24% appreciation….
Helmerich & Payne, Inc. (NYSE:HP) Q1 2024 Earnings Conference Call January 30, 2024 11:00 AM ET Company Participants Dave Wilson – VP-IR John Lindsay – President and CEO Mark Smith – SVP and CFO Conference Call Participants Saurabh Pant – Bank of America Derek Podhaizer – Barclays Jeff LeBlanc – TPH Doug Becker – Capital…
Hope Bancorp, Inc. (NASDAQ:HOPE) Q4 2023 Earnings Call Transcript January 30, 2024 12:30 PM ET Company Participants Angie Yang – Director of IR Kevin Kim – Chairman, President and CEO Julianna Balicka – CFO Conference Call Participants Nick Moutafakis – KBW Gary Tenner – D.A. Davidson Operator Good afternoon, and welcome to the Hope Bancorp…
kenlh/iStock via Getty Images It’s all mirror, mirror on the wall because beauty is power the same way money is power the same way a gun is power.”― Chuck Palahniuk. Today, we put Sturm, Ruger & Company, Inc. (NYSE:RGR) in the spotlight. The stock plunged after third quarter results did not meet expectations in early…
Polaris, Inc. (NYSE:PII) Q4 2024 Earnings Conference Call January 30, 2024 11:00 AM ET Company Participants J.C. Weigelt – Vice President, Investor Relations Michael Speetzen – Chief Executive Officer Robert Mack – Chief Financial Officer and Executive Vice President of Finance and Corporate Development Conference Call Participants Fred Wightman – Wolfe Research Megan Alexander –…
JetBlue Airways Corporation (NASDAQ:JBLU) Q4 2023 Earnings Conference Call January 30, 2024 10:00 AM ET Company Participants Koosh Patel – Director, IR Robin Hayes – CEO Joanna Geraghty – President and COO Ursula Hurley – CFO Dave Clark – Head of Revenue and Planning Conference Call Participants Mike Linenberg – Deutsche Bank Dan McKenzie –…
georgeclerk Written by Nick Ackerman. BlackRock, Inc. (NYSE:BLK) posted its latest quarterly results along with its full-year results as well. The company was able to exceed the bottom line estimates but came in line with the top line expectations. The company has a history of beating results, with 15 of the last 16 quarterly reports…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Last week, I put the massive buying pressure coming to bitcoin in context, but there is…
Bartolome Ozonas There’s no shortage of troubling developments around the world, but markets are still inclined to embrace a risk-on bias. There are exceptions, of course, but from several big-picture angles the trends continue to skew positive, based on a set of ETF pairs that serve as risk proxies through Monday’s close (Jan. 29). The…
mediaphotos Elevance Health, Inc. (NYSE:ELV) reported earnings on January 24th with a favorable reception. Elevance Health is the largest commercial insurance company in the United States. Its comprehensive business model centers on ‘whole health’. Elevance Health’s services extend across various domains of healthcare. These include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans…
PulteGroup Inc. (NYSE:PHM) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Ryan Marshall – President & CEO Bob O’Shaughnessy – EVP & CFO Jim Ossowski – SVP, Finance Jim Zeumer – VP, IR Conference Call Participants Carl Reichardt – BTIG Matthew Bouley – Barclays John Lovallo – UBS Stephen Kim…
Nikada Introduction In early February 2023, I wrote a bullish article about L.S. Starrett (NYSE:SCX) in which I said that the company was successfully passing on increased costs to customers and the valuation could improve to about 0.8x price to book value over the coming months. The market capitalization of has soared by just over…
shapecharge 4Q23 Market Overview Global financial markets rallied in 4Q, with small cap stocks leading the way. Dovish FOMC commentary driven by lessening inflation concerns drove the stock market higher. Interest rates declined and expectations for a soft landing increased as recession fears faded. The FOMC stayed the course with no changes to interest rates…
SRT101/iStock via Getty Images At the beginning of 1Q24, the Energy, Consumer Non-cyclicals, and Financials sectors each earn an Attractive-or-better rating. Our sector ratings are based on a normalized aggregation of our ratings for each stock in a given sector. Our stock ratings are based on five criteria that assess a company’s business fundamentals and…
(NASHVILLE, TN – January 30th, 2024) Bitcoin Magazine, in collaboration with Kraken Digital Asset Exchange, is excited to unveil the 2024 Bitcoin Halving Livestream. This celebration, akin to a New Year’s Eve variety show and featuring bitcoin’s biggest names, is dedicated to marking the fourth epoch in Bitcoin’s history. Broadcasting live from Nashville, Tennessee, the…
Whirlpool Corporation (NYSE:WHR) Q4 2023 Earnings Conference Call January 30, 2024 8:00 AM ET Company Participants Korey Thomas – Investor Relations Marc Bitzer – Chairman and Chief Executive Officer Jim Peters – Chief Financial Officer Conference Call Participants Sam Darkatsh – Raymond James Mike Rehaut – JPMorgan Susan Maklari – Goldman Sachs David MacGregor –…
nadla/iStock via Getty Images Snowflake (NYSE:SNOW) has experienced extraordinary growth at the topline since going public in 2020 with no end to growth in sight. As the renaissance for AI and advanced data analytics continues to take form, Snowflake’s data hosting and analytics platform will be central for advancements in business intelligence. The ultimate outcome…
HUNG CHIN LIU The debt-hobbled former property leader is quietly exiting its many overseas projects to raise cash, as it also faces policy uncertainties abroad A decade ago when it was on the rise, Country Garden Holdings Co. Ltd. (OTCPK:CTRYF)(OTCPK:CTRYY)(OTCPK:CTRGF), having conquered its home China market by feeding an endless appetite for homes from property-hungry…
Anarchy is a very dividing word to many people, inherently drawing the idea into peoples’ heads of complete and unbridled chaos. This is not on any level what Anarchy means. It is simply a system lacking rulers or a central authority, where all cooperation and coordination is done on a purely voluntary basis between peers…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BGC Partners has reached a settlement with a former senior partner following allegations that he took part in a $35mn scheme to defraud the broker. The New York-based broker, led by billionaire Howard Lutnick, had…
Today, Ten31, a world leading bitcoin technology investor, has announced the Nasdaq Global Market stock exchange listing of its portfolio company, GRIID Infrastructure. This marks the first public listing for a bitcoin-focused investment fund’s portfolio company, according to a press release sent to Bitcoin Magazine. GRIID, a uniquely positioned, vertically integrated bitcoin mining and energy infrastructure…
Chip Somodevilla Investors in the leading business development company FS KKR Capital (NYSE:FSK) have experienced a resurgence over the past two months since my previous update. I reminded investors that the undervaluation gap shouldn’t be expected to “last for long,” as the market realizes it could have been too pessimistic. Despite that, FSK continues to…
Spencer Platt/Getty Images News Still Assembling The Puzzle About a year ago, a friend of mine brought CAVA Group, Inc. (NYSE:CAVA) to my attention, as I feverishly delineated my Chipotle (CMG) thesis for my community while it traded around $1250/share. He noted that CAVA was essentially the Mediterranean version of Chipotle and that he preferred…
akinbostanci Long ago, Warren Buffett made me enthusiastic about the insurance industry and it has remained my biggest allocation. Insurance companies are not popular on SA except for Berkshire Hathaway (BRK.A) (BRK.B). They appear boring to many readers, one can hardly expect fireworks from them, and accounting is a must to understand an insurer. But…
Brandon Bell Investment thesis Our current investment thesis is: CMG is far too expensive for what it is. The company is trading at SaaS valuations with a <2% FCF yield and >30x EBITDA multiple. We believe Management is executing exceptionally well, delivering incremental improvements that are keeping investor sentiment positive, such as through “Chipotlanes” and…
vitpho/iStock via Getty Images This article was coproduced with Wolf Report. I don’t mind sounding like a broken record. In fact, I rather like it. It implies that I’m of a high conviction in the companies where my stakes are the highest. So, when I am updating here on Agree Realty Corporation (NYSE:ADC), a company…
imaginima Enterprise Products Partners (NYSE:EPD) announced last fall that they were going to take on debt to help take advantage of some opportunities for increased earnings growth. Mr. Market hated it, pushing down the stock price by 10%. The price has recovered lately, although some other midstream stocks have appreciated too. Seeking Alpha Since the…
Araya Doheny/Getty Images Entertainment Colgate-Palmolive Company (NYSE:CL) has just announced its Q4 2023 earnings, marking the end of a year that saw growth in both the top and bottom lines. Despite flat volume growth, the strength of the company’s brand has enabled it to boost its top line. With an ROA of 14.03%, significantly outperforming…
temizyurek Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Sandvik’s (OTCPK:SDVKY) share price was undervalued given the order strength reported in 1Q23 and the performance in its mining business back then. I am reiterating my buy rating for SDVKY as I believe the medium-to-long-term…
Foryou13 Blackstone Inc. (NYSE:BX) is a profitable and internationally-diversified asset management company with multiple fee streams. The asset manager just reported earnings for its fourth quarter that exceeded expectations in terms of distributable earnings. Blackstone has a solid history of growth under its belt and the company comfortably covered its dividend with distributable earnings throughout…
miniseries FLEETCOR Technologies (NYSE:FLT) has delivered strong results for shareholders since becoming a public company in December 2010. Since its IPO, FLT has delivered a total return of 979%. Comparably, the S&P 500 has delivered a total return of 404% during the same time period. FLT’s strong performance for shareholders has been driven by strong…
Stefan Lambauer/iStock Editorial via Getty Images I’ve been following Gol Linhas Aéreas Inteligentes S.A. (OTCPK:GOLLQ) for a while and while many airlines received a buy rating driven by my independent stock valuation model, Gol was not one of those companies. In May 2023, I pointed out that Gol Stock looked like a buy but in…
hallojulie By John R. Mousseau, CFA This is a brief overview of Cumberland Advisors’ thoughts on financial markets as we head into 2024. We are coming off an unusual 2023, which was helped by good bond and equity markets late in the year. One of our basic investment tenets is that markets revert to the…
deepblue4you Thesis The Invesco Short Term Treasury ETF (NYSEARCA:TBLL) is a fixed income exchange traded fund. The vehicle is based on the ICE U.S. Treasury Short Bond Index and will invest at least 80% of its holdings in the index components. The fund is not a passive replication of said index but takes an active…
Vladimirovic There’s no perfect gauge of supply and demand conditions in the global oil market. However, a handful of indicators can help give us a read on oil market balances, and the likely path of prices. That list includes refining profit margins, the shape of the oil futures curve, patterns in US oil inventories and…
Sirirak/iStock via Getty Images Elevator Pitch My rating for CRH plc (NYSE:CRH) [CRH:LN] is a Hold now. I have decided to revise my investment rating for CRH from a Buy to a Hold, as I think that it is time for CRH’s shares to take a breather. CRH stock has done pretty well in the…
Justin Sullivan In our prior analysis of Broadcom Inc. (NASDAQ:AVGO), we focused on its semiconductor business segment, emphasizing its robust growth propelled by Networking, driven by swift product development in the realm of AI. Additionally, we highlighted positive trends in other segments such as Storage, Wireless, and Broadband, all benefiting from the deployment of 5G…
Maxxa_Satori Omega Healthcare Investors, Inc. (NYSE:OHI) is expected to report its Q4 earnings after-hours on Wednesday, February 7th. Analysts expect the company to report Funds From Operations [FFO] per share of 32 cents on the back of $207.21 million in revenue. My most recent coverage of Omega Healthcare was in August 2023 when I rated…
Bedrin-Alexander Dive into 2024 with an analysis of ten key investment themes that will drive strategic asset allocation decisions in the year ahead. As the calendar turns to 2024, we stand at the cusp of a financial landscape that promises both challenges and opportunities in equal measure. Across many conversations with financial advisors, I’ve taken…
Skeezer/E+ via Getty Images Finding an effective treatment for Alzheimer’s disease reminds me of the classical game labyrinth: no matter how long and how hard one tries, the ball always falls through a hole rather than making it to the end. Annovis (NYSE:ANVS) CEO Maria Maccecchini has a very logical approach to attacking Alzheimer’s disease…
hh5800 Introduction Investors have many options when it comes to equity exposure, especially in the field of value-oriented, dividend-equity funds. In this column, I present the two best choices for investors in this sector, the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), and the Pacer US Cash Cows 100 ETF (BATS:COWZ). Both funds aim to accomplish…
Andrii Yalanskyi This is my first Travere Therapeutics (NASDAQ:TVTX) article. In this article I discuss its prospects following its restructuring announced in its 12/2023 press release. Sparsentum’s initial approval was based on surrogate pathway of proteinuria reduction. On 03/21/2022 Travere announced its NDA for accelerated approval of sparsentan for the treatment of IgA nephropathy (IgAN)….
rekemp/iStock via Getty Images As we come to the end of January, having made fresh all-time highs in the S&P 500 last week, one is reminded again of the old trader’s saw that, “As January goes, so goes the year.” Because of the way computers have made everything seem to move faster, some had tried…
cemagraphics A Handful of Tech Reports Set the Stage for Peak Earnings Season As tech and tech-adjacent names began to report earnings last week, the tone of the Q4 earnings season tilted slightly more positive and set the stage for more highly anticipated reports this week. While some individual results were disappointing, as a sector,…
da-kuk The Core Plus Income Fund’s Institutional Class (MUTF:WCPBX) returned +5.84% for the fourth quarter compared to a +6.82% return for the Bloomberg U.S. Aggregate Bond Index (Agg). For the calendar year, the Fund’s Institutional Class returned +7.05% compared to +5.53% for the index. Longer-term results (3-, 5-, and 7-year) continue to outpace the index….
da-kuk/E+ via Getty Images Thesis Midstream companies typically offer a compelling and stable dividend growth engine. These stocks are some of the most popular on Seeking Alpha as they are excellent choices for income seeking investors. In this article, I want to take a higher level and systematic approach to the midstream sector. As I…
Ralf Hahn/iStock via Getty Images Background Several events since 2020 altered Blackbaud’s (NASDAQ:BLKB) future, including a security breach, a significant acquisition of EVERFI in 2021, and a monumental business change in 2023, all discussed in detail below. The security breach’s temporary costs are winding down while the business is inflecting positively due to pricing initiatives….
Remitski Recently the memory companies Western Digital Corporation (WDC) and Seagate Technology Holdings plc (NASDAQ:STX) came out with earnings and I decided to take a look at both companies, curious to see what kind of value proposition they made. After reviewing the earnings calls and relevant financial information, I concluded Seagate’s valuation was out of…
tadamichi AOR strategy iShares Core Growth Allocation ETF (NYSEARCA:AOR) started investing operations on 11/04/2008 and tracks the S&P Target Risk Growth Index. It is a fund of funds, with 7 holdings, a 12-month trailing yield of 2.50%, and a net expense ratio of 0.15%. Distributions are paid quarterly. The idea of a 60/40 portfolio has…