Aerial_Views/iStock via Getty Images Alexander’s, Inc. (NYSE:ALX), founded in 1928 and headquartered in Paramus, NJ, is a REIT that owns, (re)develops, leases, and manages 5 retail properties in New York City through its manager, Vornado Realty Trust (VNO). The REIT’s operating performance is concerning and there are many risks here, with a potential dividend cut…
zhuyufang Lufax Holding Ltd (NYSE:LU) is a leading Chinese financial services provider focusing on providing small business owners with access to multiple loan products. They provide various financial products under different entities. For instance, Puhui is Lufax’s core brand for enabling retail credit, primarily focusing on unsecured and secured loans for small businesses. LujinTong, on…
mesh cube We got the latest report on economic growth last week, and it surprised most everyone. Real GDP expanded by an annualized 3.3% in the fourth quarter, well above the consensus estimate of 2%. Nominal GDP expanded an annualized 4.8% quarter-to-quarter and 5.8% year-over-year. The annualized quarter-to-quarter change is exactly the average annual change…
hapabapa Odds are, you are familiar with a rather small company that has a very wide reach that goes by the name of The Brink’s Company (NYSE:BCO). If you can’t quite pinpoint in your memory where that name comes from, just think of armored vehicles used to transport cash. As a massive player in the…
bymuratdeniz 2023 was the year of artificial intelligence (AI). And this is continuing into 2024. But I’m looking for companies set to benefit from the proliferation of AI that haven’t taken off yet. One such company is ZoomInfo (NASDAQ:ZI). ZI’s business-to-business (B2B) contact database is the biggest and most up-to-date in the world. And this…
Compassionate Eye Foundation/David Oxberry/OJO Images Ltd UnitedHealth Group (NYSE:UNH) investors have underperformed the S&P 500 (SP500) over the past year, as UNH delivered a 1Y total return of 3.7%. However, it’s still much more impressive than Humana’s (HUM) -27% 1Y total return, as the company suffered a blowout following its recent earnings release, as management…
Ackun/iStock via Getty Images Shares of Jazz Pharmaceuticals (NASDAQ:JAZZ) have traded flat to somewhat lower since my November 2022 article and this was largely in line with what the average biotech stock was doing until early November of last year, the time when biotech stocks began to recover and Jazz’s share price made no progress….
Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) Q4 2023 Results Conference Call January 29, 2024 12:00 PM ET Company Participants Steve Gardner – Chairman and CEO Ron Nicolas – CFO Conference Call Participants David Feaster – Raymond James Chris McGratty – KBW Gary Tenner – D.A. Davidson Andrew Terrell – Stephens Adam Butler – Piper Sandler Operator…
Kena Betancur Introduction Last year, I started covering Abbott Laboratories (NYSE:ABT), a company I should have started covering many, many years ago. However, better late than never, I initiated bullish coverage on March 20 with the title “Abbott Laboratories: A Dividend King At A Discount.” Since then, shares are up 18%, including its dividend. The…
iLexx Legends are best left as legends and attempts to make them real are rarely successful“― Michael Moorcock. Today, we put Legend Biotech Corporation (NASDAQ:LEGN) in the spotlight for the first time. The company launched its primary product in 2022 and it has already gained considerable sales traction. Legend also recently entered into a new…
Today, Google has revised its advertising guidelines, now permitting cryptocurrency trusts, such as Bitcoin Exchange-Traded Funds (ETFs), to promote their products. Spot Bitcoin ETF issuers such as BlackRock and Franklin Templeton have wasted no time in marketing their funds, with advertisements already starting to emerge. This revision comes at an interesting time as the discussion…
BanksPhotos Alto Ingredients (NASDAQ:ALTO) if facing some difficult headwinds at the moment, although its fortunes could improve later this year. However, I expect a lot of downside pressure when the company reports its Q3 results. Company Profile ALTO produces and distributes specialty alcohols, ethanol, and essential ingredients, such as dried yeast, corn protein meal, corn…
Kimberly White Intuit (NASDAQ:INTU) is qualitatively one of the best businesses I’ve analyzed. However, the adjustments the company makes to its non-GAAP metrics might be the most significant I’ve ever seen for a company of its size and stature. I believe many investors are overlooking how deeply overvalued the company is when non-GAAP adjustments are…
Ryanair Holdings plc (NASDAQ:RYAAY) Q3 2024 Earnings Conference Call January 29, 2024 5:00 AM ET Company Participants Michael O’Leary – Chief Executive Officer Neil Sorahan – Chief Financial Officer Eddie Wilson – Chief Executive Officer, Ryanair DAC Juliusz Komorek – Group Chief Legal and Regulatory Officer Thomas Fowler – Director, Sustainability and Finance Tracey McCann…
For the first time since launch, BlackRock’s spot Bitcoin ETF is outpacing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume so far today, according to Bloomberg ETF analyst James Seyffart. BlackRock’s spot Bitcoin ETF volume surpassing GBTC for the first time hints at a slow down in outflows for Grayscale’s ETF, which has had…
Justin Sullivan/Getty Images News Listen below or on the go on Apple Podcasts and Spotify The Roomba maker’s CEO is leaving as it announces big layoffs. (0:15) Budweiser is back with Super Bowl ads. (1:27) Morgan Stanley survey shows inflation still top of mind. (4:45) This is an abridged transcript of the podcast. Our top…
Rich Fury/Getty Images Entertainment Investment Thesis The highly contentious SoFi Technologies, Inc. (NASDAQ:SOFI) reported results that I have to admit blew me away. It’s difficult to remain bearish on SOFI on the back of these results. All the issues that bearish investors, myself included, may have had with SOFI stock have been proven unfounded. SoFi…
Gold Road Resources Limited (OTCPK:ELKMF) Q4 2023 Results Conference Call January 28, 2024 7:30 PM ET Company Participants Duncan Hughes – General Manager, Corporate Development, Investor Relations Duncan Gibbs – Managing Director, Chief Executive Officer John Mullumby – Chief Financial Officer Conference Call Participants Alex Barkley – RBC Andrew Bowler – Macquarie Levi Spry –…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs’ Jim Esposito, one of chief executive David Solomon’s top lieutenants, is leaving the Wall Street firm in a surprise departure. Solomon told staff in a memo on Monday that 56-year-old Esposito, known to…
Significant shifts are underway in the ecosystem of illicit actors using cryptocurrency. According to a 2023 report by TRM Labs, Bitcoin is no longer the asset of choice for criminals. The report states, “The multi-chain era has had a sweeping impact on the distribution of illicit crypto volume as a whole, where Bitcoin’s share plummeted…
primeimages Could the backdrop going into next Wednesday’s Powell press conference be any more intriguing? The economy has gained a head of steam since the FOMC’s December 13th meeting. Additional stronger-than-expected data this week. Q4 GDP was reported at 3.3%, down from Q3’s blistering 4.9%, but significantly above the 2.0% consensus estimate. At 50.3 (estimate…
PM Images FS KKR Capital Corp (NYSE:FSK) delivered across the board for income investors over the past year. Business Development Corporation’s (BDC) are more common among income investors rather than investors focused on generating capital appreciation because BDCs must pay out at least 90% of their taxable income to shareholders in the form of a…
Michael Vi Investment thesis Skyworks Solutions (NASDAQ:SWKS) is going to report its Q1 ´24 results on January 30th after the market closes. I wanted to revisit the company to see how it has progressed since then and give some info on earnings expectations and some comments on the outlook. The company has navigated the downturn…
Giuliano Benzin Netflix’s (NASDAQ:NFLX) deal to add WWE programming should be a nice lift for the firm, but the stock is looking pretty close to fairly valued at the moment. Company Profile NFLX is a streaming service that offers TV series, films, and games to its subscribers across various genres and languages. The company has…
PhonlamaiPhoto/iStock via Getty Images Moats and Monopolies Here at Moats and Monopolies, we do things a little bit differently. We write exclusively about companies that we own in our publicly shared portfolio, which beat the S&P 500 by nearly 10% in 2023. We take our time and write well researched and clearly explained articles that…
TimAbramowitz I’ll admit this is a click-bait title. But before you turn away, the actual article is anything “butt.” No really. Let me explain… I’m sure many of you now have flatulence on the mind. In which case, here’s an excerpt from The Definitive Fart Book (1961): “Funny, everybody does it, but nobody wants anybody…
tadamichi Price relative to NAV is a key consideration for any investor considering a closed-end fund (“CEF”) investment. Currently, many CEFs are trading at historically wide discounts to NAV. There is significant debate amongst academics to explain why CEFs tend to trade at a discount to NAV. One theory is that substantial discounts to NAV…
elxeneize The REIT sector has experienced a small revival in the last quarter of 2023, following the Federal Reserve hinting that the hiking cycle is effectively over and 2024 will finally see interest rates actually decline. Although there is still a debate ongoing regarding how soon and how quickly rates will actually fall, it is…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran distanced itself on Monday from an attack that killed three US soldiers as pressure built domestically on President Joe Biden to respond against Tehran. A day after the US blamed “radical Iran-backed militant groups”…
Torsten Asmus As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
DNY59 A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill OK, I admit it. I am an optimist. I generally like to view the glass as being half full in my approach toward life, especially when it comes to investing. Thus, I was drawn to…
da-kuk @NeilKSethi over on X is a prolific contributor of economic and market data every day. The man truly works hard at his task. Neil posted the above graphic in the last few days. While I understand the sentiment, speaking with another advisor the other day, this individual noted that not one of his clients…
Daniel Grizelj Warren Buffett famously said, “It’s only when the tide goes out that you know who’s been swimming naked.” Per usual, the Oracle of Omaha was correct and over the past two years, the REIT sector has been thoroughly disrupted. REITs touted as “sleep well at night” stocks have cut their dividends and sector-wide…
RgStudio/E+ via Getty Images Nerdy, Inc. (NYSE:NRDY) is a small-cap online tutoring learning platform that has been public since 2021 through an overvalued SPAC deal of $1.7 billion. While the company has been around since 2007, it was really thanks to the COVID-19 pandemic that the business looked into the scalability of its solutions. And…
Darren415 Almost 5 months ago, I shared a positive perspective on Hydrofarm (NASDAQ:HYFM) here, discussing how the cheap stock could increase significantly. It is down since then. As I disclosed in that article, the stock was 9.3% of my Beat the Global Cannabis Stock Index model portfolio at the time, and now, despite a substantial…
Bulgac/iStock via Getty Images Small-caps have been a train wreck in this cycle, with many of the large passive indices nowhere near looking like they are in a bull market. Much of this of course has to do with the fact that small-cap indices have a lot of zombie companies that operate on razor-thin margins…
PhotoTalk Investment Thesis In my previous analyses of companies operating gas stations, I found the business model attractive, primarily due to the non-fuel revenue generated by convenience stores. However, Parkland (TSX:PKI:CA) (OTCPK:PKIUF) stands out as having a weaker aspect in this regard, with over 95% of its revenue tied to fuel sales. Additionally, it carries…
Omar Marques/Getty Images News General Dynamics (NYSE:GD) is an aerospace and defense company that generates more than 70% of its revenue from the U.S. government. It has a steady growth record with a stable and quite healthy backlog. I forecast that the company will benefit from the increasing tension in the global geopolitical situation. The…
FangXiaNuo Summary Real Estate can be a great business, REITs make it simpler and more diversified and an ETF of REITS even more diversified. However, are REIT ETFs superior long-term investments? The last 20 years of performance data suggest they are not. I took an in-depth look at Vanguard Real Estate Index Fund ETF (NYSEARCA:VNQ)…
da-kuk In this article, I provide a brief update on the WisdomTree International High Dividend Fund (NYSEARCA:DTH), outlining its characteristics, the current market trends, and how the ETF might perform in 2024. From my point of view, 2024 could be less exciting for the stock market than anticipated. Factors such as geopolitical tensions, presidential elections…
A senior official in Narendra Modi’s government has warned that social media companies will be held accountable for AI-generated “deepfakes” posted on their platforms in compliance with “very clear and explicit rules” as India prepares for a general election this year. Rajeev Chandrasekhar, minister of state for electronics and IT, said that India had “woken…
MichaelWarrenPix On Thursday, Valley National Bancorp (NASDAQ:VLY) saw its shares decline by about 4% after reporting fourth quarter earnings. Shares are lower than a year ago, as is the case with many regional banks, far underperforming the market, though recent performance has been better. Since recommending shares as a buy in October, they have returned…
Blazing electronic signs along the highway that connects downtown Detroit to its more prosperous western suburbs announce an unfamiliar cause for optimism in a city that a decade ago was so broke that it could not even pay for street lights. “Two more,” the signs exhort in blue and white, referring to the number of…
gremlin Tech stocks continue to lift the market. There’s no revelation with that statement. But the advance over the past three months is remarkable in that the growth-focused sector has now outpaced all other S&P 500 sectors from the lows notched last October. Tech’s weighting in the SPX has soared to new heights (since 2000),…
FotografiaBasica Altria Group, Inc. (NYSE:MO) attracts a lot of interest for its high dividend yield. Many investors – including users here on Seeking Alpha – who don’t already hold it seem at least interested in holding the stock for the yield. But skeptics have been increasingly asking one question in particular: Why hold a stock…
Igor Kutyaev The Partners III Opportunity Fund’s Institutional Class (MUTF:WPOPX) returned +5.98% in the fourth quarter, compared to +12.07% for the Russell 3000. For the calendar year, the Fund’s Institutional Class returned +17.32%, compared to +25.96% for the Russell 3000. Strong performance across risk assets during the fourth quarter put an exclamation point on an…
MicroStockHub Dear Baron International Growth Fund Shareholder: Performance Baron International Growth Fund® (MUTF:BIGFX, BINIX, BWBFX, the Fund) gained 7.78% (Institutional Shares) during the final quarter of 2023, while its primary benchmark index, the MSCI ACWI ex USA Index (the Benchmark), rallied 9.75%. The MSCI ACWI ex USA IMI Growth Index (the Proxy Benchmark) added 10.99%…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch, the darling of Conservative activists and bookmakers’ favourite to become the next Tory leader, has told plotters trying to bring down Rishi Sunak to “stop messing around and get behind the leader”. Some…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Channel 4 is set to announce more than 200 job cuts as the UK broadcaster seeks to slash costs amid the worst TV advertising downturn since the financial crisis of 2008. The publicly owned broadcaster…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kate Osamor, a leftwing Labour MP, was suspended by her party on Sunday following a message to local members in which she listed the war in Gaza among recent examples of genocide. Labour officials confirmed…