troyek It is safe to say that we got the thesis wrong about Intel Corporation (NASDAQ:INTC). When you get such price action after your first (and only) “Sell” call, then you have to acknowledge that you got things wrong. 3 Things The Wall Street Cheerleaders Are Getting Wrong Even more embarrassingly, this is total return…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Disposable vapes are to be banned in the UK as part of a drive to protect children’s health, as Prime Minister Rishi Sunak warned that youth vaping could become “endemic”. Sunak will on Monday also…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ireland will soon launch a compensation scheme for survivors of the country’s notorious mother and baby homes but GSK has resisted calls to contribute despite its predecessor companies testing experimental vaccines at the institutions for…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former Finnish prime minister will face the foreign minister who took the Nordic country into Nato in a run-off election in two weeks to decide who becomes president of the military alliance’s newest member….
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU will sabotage Hungary’s economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels that marks a significant escalation in the battle between…
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. German rightwing populists have suffered a surprise defeat in a widely watched regional election that has followed a fortnight of nationwide protests. The Alternative for Germany (AfD) party lost a district election in the state…
Elon Musk’s X has blocked searches for Taylor Swift after sexually explicit images of the pop star created using artificial intelligence spread widely on the platform. The incident is the latest example of how social media groups are scrambling to tackle so-called deepfakes: realistic images and audio, generated using AI, that can be abused to portray…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Three west African states ruled by military juntas said they were leaving a key regional economic bloc in response to sanctions and pressure to hold democratic elections, in a sign of rising tensions in the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’, a professor at the Fletcher School, a nonresident senior fellow at the American Enterprise Institute and a partner at Greenmantle On a recent quarterly earnings call, the…
patpitchaya JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) is designed primarily for income-focused investors as it pays a monthly dividend. Based on its relatively attractive 8.3% payout, it’s expected to be a core holding of income investors looking to focus on generating a sustainable monthly dividend. However, it’s important to consider that JEPI isn’t designed to…
DaveAlan/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Boeing’s earnings call and megacap results highlight earnings this week. (0:19) Bye-bye inverse Cramer ETF. (4:36) The Osborne Effect may be in play for Tesla. (5:14) The following is an abridged transcript: The top story to look out for…
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Three US service members have been killed by a drone attack on a military base carried out by “radical Iran-backed militant groups” near the Syria border, the White House said on Sunday….
ALIOUI Mohammed Elamine/iStock via Getty Images Deals and Financings ArriVent BioPharma (AVBP), a Philadelphia in-licensing company, priced its upsized NASDAQ IPO at $18 per share, raising $175 million (see story). The company’s stated goal is to find promising novel assets from China and other countries, which it brings to the US market. ArriVent’s lead product…
imaginima The ClearBridge MLP and Midstream Total Return Fund (NYSE:CTR) is a closed-end fund that aims to provide investors with a very high level of current income and total returns. Midstream companies and especially master limited partnerships generally deliver a very high percentage of their total returns to investors in the form of direct payments…
Igor Kutyaev/iStock via Getty Images Dear Baron Global Advantage Fund Shareholder Performance Finally… a good quarter. Baron Global Advantage Fund® (the Fund) was up 14.8% (Institutional Shares) during the fourth quarter, compared to the 11.0% gain for the MSCI ACWI Index (the Index) and the 12.7% gain for the MSCI ACWI Growth Index, the Fund’s…
Jinda Noipho The iShares U.S. Insurance ETF (NYSEARCA:IAK) contains broad based exposures to US insurance stocks, both in L&H (life and health) and in P&C (property and casualty). We think that macro factors play in favor of this ETF, particularly the opportunity to establish high yielding reserve portfolios to offset higher capital costs. But the…
Old Second Bancorp, Inc. (NASDAQ:OSBC) Q4 2023 Earnings Call Transcript January 25, 2024 11:00 AM ET Company Participants Jim Eccher – President and CEO Brad Adams – COO and CFO Conference Call Participants Jeff Rulis – DA Davidson Nathan Race – Piper Sandler Terry McEvoy – Stephens Brian Martin – Janney Andrew Leischner – KBW…
SimonSkafar NUGO strategy Nuveen Growth Opportunities ETF (NYSEARCA:NUGO) is an actively managed fund listed on 9/27/2021. It has a portfolio of 45 stocks, a trailing 12-month yield of 0.13% and a total expense ratio of 0.55%. As described by Nuveen, The Fund seeks long-term capital appreciation through a concentrated growth portfolio that primarily invests in…
Itza Villavicencio Urbieta Real Estate Weekly Outlook U.S. equity markets notched another week of gains – lifting the major equity benchmarks to fresh record-highs – after a busy slate of economic data and corporate earnings results were broadly consistent with a “soft landing” trend for the U.S. economy. Ahead of the Federal Reserve’s first policy…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has moved to officially limit short selling after informal efforts failed to stop a worsening stock market sell-off. Investors who buy shares will not be allowed to lend them out for short selling within…
VV Shots In many ways, Citigroup (NYSE:C) has long been the ‘sick man’ of the systemically important banks and its share price underperformance has reflected this. But there’s a price for everything, and at the current discount to underlying book, Citi is quickly emerging as a value investor favorite – note Berkshire Hathaway (BRK.B) swapping…
Dilok Klaisataporn The Large Cap Equity Fund’s Institutional Class returned +10.91% for the fourth quarter compared to +11.96% for the Russell 1000. For the calendar year, the Fund’s Institutional Class returned +29.81% compared to +26.53% for the Russell 1000. It was a strong finish to a very good year. The economy has been resilient, and…
beast01/iStock via Getty Images Thesis Summary Behind the scenes, literally, of many TV stations across America is one parent company that is often under-covered in analyst coverage, so to change gears from my usual financial or consumer products stocks today I’m “switching the channel” to cover Nexstar Media Group (NASDAQ:NXST). I rated the stock a…
Justin Sullivan Popular denim maker, Levi Strauss (NYSE:LEVI), reported its Q4 results on Thursday. Despite notable developments such as the announcement of a new global productivity initiative, as well as the official start of Michelle Gass’ tenure as CEO, markets appeared to shrug off LEVI’s report. Shares ended the week largely flat, following swings between…
Chun han Chart Industries (NYSE:GTLS) management promised big things from the Howden acquisition, along with a promise to deleverage “fast”. All of us saw the EBITDA guidance ever since the acquisition. That has not changed. The big surprise was guidance for the current year of earnings per share of $14 (roughly) which is more than…
Professors Huggy Rao and Bob Sutton realised they were on to something when executives in their management and innovation classes at Stanford University began to offer vivid descriptions of the obstacles standing in the way of their work. “I work in a frustration factory,” said one who had enrolled in their latest course. Another, from…
DieterMeyrl Gold prices often move alongside the path of real interest rates. Trends in the US dollar are also important – the lower the greenback goes, the higher precious metals can soar. Today, real rates are up from the start of the year while the dollar is conspicuously quiet near the 103 mark. The US…
vm Introduction It’s time to talk about a company I have followed for many years. A company that, albeit with significant volatility, has turned into one of the biggest wealth generators on the market. That company is United Rentals (NYSE:URI), which has returned more than 730% over the past ten years, which is more than…
Leon Neal Business History and Overview Intel (NASDAQ:INTC) was once the darling stock of American equities. A unique fusion of manufacturing dominance and technological leadership, Intel had it all. They pioneered the still-dominant chip scaling idea known as “Moore’s Law” which posits that semiconductor transistor density will double every two years. With density doubling, so…
Tanja Ivanova/Moment via Getty Images I believe that the Jewett-Cameron Trading Company (NASDAQ:JCTCF) stock is currently a BUY that should be poised for a price increase over the course of the next year and beyond due to several factors. The three main major factors contributing to my buy rating include Jewett-Cameron selling off its seed…
Andy Feng Elevator Pitch Ping An Insurance (Group) Company of China, Ltd. (OTCPK:PNGAY) [2318:HK] is still rated as a Hold. In my November 11, 2023 initiation article, I drew attention to Ping An Insurance’s risk factors for the near term and the company’s growth potential in the long run. In this latest write-up, I come…
Dilok Klaisataporn Introduction On Holding (NYSE:ONON), often referred to as On Clouds due to its product line-up, is an appealing brand offering premium footwear and sports apparel products that have been gaining in popularity in the past few years. The absolute size of the company compared to its industry peers including Nike (NKE) and Lululemon…
Mario Tama/Getty Images News Thesis Johnson & Johnson (NYSE:JNJ) is a multinational corporation that operates in the healthcare and pharmaceutical sectors. Founded in 1886, the company is headquartered in New Brunswick, New Jersey, USA. JNJ is one of the largest and most diversified healthcare companies globally. Having experienced a dip in terms of its profitability…
ewg3D Introduction United Rentals (NYSE:URI) has been recently added to my watchlist after very interesting research. In fact, some SA readers may know how I like industrials and, in particular, machinery manufacturers. More in detail, I have tried to research and understand how increasing infrastructure spending in the U.S. coupled with manufacturing reshoring will impact…
Ethan Miller/Getty Images News LG Display (NYSE:LPL) put in a mixed report on the 24th. On the one hand, LPL reported, for instance, its first quarterly profit after six quarterly losses. On the other hand, the relief is not likely to last with further losses in the pipeline for a number of reasons. There is…
Nikada In the dynamic world of global finance, the Chinese stock market stands at a pivotal crossroads, presenting an intriguing landscape for discerning investors. Amidst a backdrop of historical underperformance and regulatory challenges, recent developments have sparked a renewed interest in the potential for a significant turnaround. Bull markets often emerge from the depths of…
pixdeluxe NextEra Energy (NYSE:NEE) (NEP) reported a strong end to FY23 with both strength at the top line and durable EBITDA margin expansion, with total backlog growing to 20GW. The firm anticipates exceptional growth throughout the next 3 years and anticipates to grow the NEP distribution by 6% annually through 2027 and the NEE dividend…
Kameleon007 Performance Assessment Last year, I was bullish on the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) relative to the Schwab U.S. Dividend Equity ETF (SCHD). This view played out for the most part, however in December 2023, the alpha created by JEPI relative to SCHD was nullified to close to 0 as there was a…
cemagraphics/iStock via Getty Images Dear clients and fellow shareholders: If there was anything that economists were clear about a year ago, it was that the U.S. was in for a challenging 2023. More than two-thirds of the economists at the 23 large financial institutions that do business directly with the Federal Reserve predicted an impending…
Souda/iStock via Getty Images Introduction America Song by Neil Diamond Far We’ve been traveling far Without a home But not without a star. Free Only want to be free We huddle close Hang on to a dream On the boats and on the planes They’re coming to America Never looking back again They’re coming to…
Igor Kutyaev/iStock via Getty Images The Sound Shore Fund Investor Class (MUTF:SSHFX) and Institutional Class (MUTF:SSHVX) advanced 12.43% and 12.50%, respectively, in the fourth quarter of 2023, ahead of the Russell 1000 Value Index (Russell Value) which advanced 9.50%. As of December 31, 2023, the three year annualized advances for SSHFX of 9.12% and for…
Aksana Kavaleuskaya/iStock via Getty Images Aurinia Pharmaceuticals (NASDAQ:AUPH) markets Lupkynis (voclosporin) which was approved in January 2021 by the US Food and Drug Administration for the treatment of lupus nephritis. A recent preliminary update on Q4’23 and full-year 2023 financials provides an opportunity to look at where the company stands now. Is it finally time…
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Brussels is considering emergency support measures for Europe’s solar panel manufacturing industry as a flood of cheap Chinese imports threatens domestic production and industry figures warn the continent’s manufacturers are “on the brink”. Four European…
Userba011d64_201/iStock via Getty Images “Read the last year’s market predictions and you will never again take this year’s predictions seriously” – Morgan Housel Dear Partners, 2023 was a good year for our fund! Rowan Street gained +102.6% (net). Please see disclosures for the historical performance data. The biggest contributors to our outperformance in 2023 were…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France is seeking to clamp down on Airbnb and other holiday rental companies, spurred on by mayors in tourist destinations such as the Alps and the Basque country who are concerned that the platforms are…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration has told US lawmakers that it intends to sell Turkey $23bn worth of F-16 fighter jets after Ankara formally cleared Sweden’s bid to join the Nato military alliance. The US Department of…
The UK is proposing a five-point plan to end the war between Israel and Hamas, as western allies that have backed the Jewish state push for a permanent ceasefire and a political process that sets a pathway for the establishment of a Palestinian state. The initiative, which foreign secretary Lord David Cameron discussed with Israeli…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Futures traders have jumped on the arrival of the first US spot bitcoin exchange traded funds, ramping up a lucrative bet that capitalises on the volatile moves of crypto-related prices. The number of bitcoin futures…
The tribe featured in the Oscar-nominated film Killers of the Flower Moon is seeking damages from Italian energy giant Enel following its victory in a legal battle that underscores the cost of ignoring tribal sovereignty in the transition to green energy. Enel must pay nearly $260mn to remove 84 wind turbines from the Osage Nation’s…
Fani Willis, the Fulton County district attorney, grabbed headlines last year when she unleashed a sprawling 98-page indictment accusing Trump and 18 others of seeking to overturn the 2020 presidential election. Now, Willis is back in the spotlight — but this time it is a less welcome one. Michael Roman, a former Trump campaign official…