TexBr/iStock via Getty Images For the first time in 20 years, China is no longer the main seller of goods to the US. That title is now held by Mexico. Derek Burleton, Deputy-Chief Economist at TD, discusses the changing globalization landscape and Canada’s ability to compete. Transcript Kim Parlee: While it may have been unthinkable…
Thomas Barwick/Stone via Getty Images Overall, the sentiment in the markets has been cheery, with only a few exceptions. Peloton Interactive (NASDAQ:PTON) is a big one. The pandemic market darling has entered into a years-long slump, pummeled by a lack of consumer demand for its core products as well as an inability to yield net…
Antofagasta plc (OTCANFGF) Q4 2023 Earnings Call Transcript February 20, 2024 4:00 AM ET Company Participants Ivan Arriagada – Chief Executive Officer Mauricio Ortiz – Chief Financial Officer Rene Aguilar – Vice President, Corporate Affairs and Sustainability Conference Call Participants Jason Fairclough – Bank of America Ian Rossouw – Barclays Dan Major – UBS Patrick…
stanciuc By Jason Callan, Senior Portfolio Manager, Head of Core and Core Plus, Co-Head of Structured Assets; Ryan Osborn, CFA, Senior Portfolio Manager, Co-head of Structured Assets As interest rates rose, U.S. consumers remained resilient due to robust balance sheets, but will this last? While cracks are beginning to appear, we see potential opportunities within…
G0d4ather Broadcom (NASDAQ:AVGO) is expensive right now, yet as one of the leading semiconductor companies in the world, I think it has a place in technology portfolios. My analysis shows investors are paying a significant premium if buying now, but operations and financials will contribute to continued long-term growth for the firm. As an investor…
ryasick Mortgage REIT Blackstone Mortgage Trust (NYSE:BXMT) delivered a solid earnings beat of $0.07 per-share last week, causing shares to increase by 4%. However, the mortgage REIT’s portfolio is showing weakness as the percentage of performing loans declined for the third time in Q4’23. Additionally, Blackstone Mortgage Trust has a smaller dividend safety margin (weaker…
dima_zel We often see momentum stocks outperforming even the most optimistic forecasts. Nvidia (NVDA) and Super Micro Computer (SMCI) are two recent examples. However, it is less common to see comparable trends in ETFs unless they leveraged or concentrated in small-cap, high-risk companies. This is why the Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) caught my…
Globus Medical, Inc. (NYSE:GMED) Q4 2023 Earnings Conference Call February 20, 2024 4:30 PM ET Company Participants Brian Kearns – Senior Vice President, Business Development and Investor Relations Daniel Scavilla – President and Chief Executive Officer Keith Pfeil – Chief Operating Officer and Chief Financial Officer Conference Call Participants Vikramjeet Chopra – Wells Fargo Securities…
andreswd Investment action I downgraded my rating to a hold for Doximity (NYSE:DOCS) when I wrote about it the last time, as I thought the market was going to focus on the near term. In hindsight, my downgrade from a buy to hold was right in the sense that I avoided the share price decline…
Murat Taner/The Image Bank Unreleased via Getty Images As I expect the extension of the bull run in 2024, it might be a good strategy to capitalize on the uptrend through growth-focused ETFs like Vanguard Growth Index Fund ETF Shares (NYSEARCA:VUG). VUG not only offer the potential to fully capitalize on the potential bull run,…
Fokusiert Thesis Sometimes high-yielding funds prove to be only a mirage, driven by financial engineering gimmicks on the part of managers. Other times, especially in the high-yield world, they are truly supported distributions, with Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) being such an example. The fund is a fixed income CEF focused on mortgage…
Domino’s Pizza Enterprises Limited (OTCPK:DPZUF) Q2 2024 Earnings Conference Call February 20, 2024 6:30 PM ET Company Participants Nathan Scholz – Chief Communications & Investor Relations Officer Don Meij – Group Chief Executive Officer & Managing Director Richard Coney – Group Chief Financial Officer Josh Kilimnik – Chief Executive Officer, APAC Andre Wolde – Chief…
GOCMEN/iStock via Getty Images When it comes to deciding when to begin cutting key short-term interest rates, it seems to me that the Federal Reserve seems overly fixated on small monthly variations in various inflation indicators rather than paying attention to the dramatic slowdown in the U.S. economy. In my view, they should start cutting…
primeimages As we noted in today’s Morning Lineup, international equities were generally lower yesterday, while US markets were shuttered in observance of Presidents’ Day. The US is continuing the negative tone today, with the S&P 500 down roughly 50 bps as of this writing. Of course, seasonality is never the sole reason for ups and…
NeoGenomics, Inc (NASDAQ:NEO) Q4 2023 Results Conference Call February 20, 2024 4:30 PM ET Company Participants Kendra Sweeney – VP, IR Chris Smith – CEO Jeff Sherman – CFO Vishal Sikri – President, Advanced Diagnostics Warren Stone – President, Clinical Services Melody Harris – President of Enterprise Operations Ali Olivo – General Counsel and Head…
Axsome Therapeutics, Inc. (NASDAQ:AXSM) Q4 2023 Earnings Conference Call February 20, 2024 8:00 AM ET Company Participants Mark Jacobson – Chief Operating Officer Herriot Tabuteau – Chief Executive Officer Nick Pizzie – Chief Financial Officer Ari Maizel – Executive Vice President and Head of Commercial Hunter Murdock – General Counsel Conference Call Participants Leonid Timashev…
Anton Petrus/Moment via Getty Images What kind of an investing dunce would take an ETF that is a persistent underperformer, invests in stocks in a country at the center of a historic geopolitical conflict, and which many investors might not even realize has a stock market at all? This one. Me. I’m the one. Here’s…
Khanchit Khirisutchalual/iStock via Getty Images Introduction British American Tobacco (NYSE:BTI) (OTCPK:BTAFF) gets a “Strong Buy” rating from Wall Street analysts and a “Buy” rating from Seeking Alpha analysts. The number of articles published here on Seeking Alpha, their readership, and the comments mostly indicate a bullish consensus. I totally understand why the stock is so…
Société BIC SA (OTCPK:BICEY) Q4 2023 Earnings Call Transcript February 20, 2024 7:00 AM ET Company Participants Kimberly Stewart – IR Gonzalve Bich – CEO Chad Spooner – CFO Conference Call Participants Kate Rusanova – UBS Christophe Chaput – ODDO Securities Christian Devismes – CIC Marie-Line Fort – Societe Generale Operator Hello, and welcome to…
pcess609/iStock via Getty Images It is that not-so-fun time of year when we all have to pay taxes. Giving up a significant chunk of hard-earned money is simply part of living in a modern society, but we still want to give up as little as possible. This article will provide tips on how to reduce,…
When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most secure methods. It can eliminate risks associated with exchanges and custodians, and simultaneously addresses the most common issues with self-custody. In this article, we’re going to walk through why you should hold your own bitcoin keys, what…
Vertigo3d Back In November 2022, I published an article recommending AIO as a bargain CEF depressed by tax loss selling. At the time, the discount was 14.5%. The fund traded sideways for awhile after the article, but has recently been moving higher, and the portfolio has changed quite a bit since then to own more…
United Airlines Holdings, Inc. (NASDAQ:UAL) 2024 Citi’s Global Industrial Tech & Mobility Conference Call February 20, 2024 11:20 AM ET Company Participants Mike Leskinen – Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Trent – Citi Stephen Trent Good morning, everybody and thank you very much for attending Citi’s Industrials Conference. I’m…
Armstrong World Industries, Inc. (NYSE:AWI) Q4 2023 Earnings Conference Call February 20, 2024 10:00 AM ET Company Participants Theresa Womble – Vice President, Investor Relations and Corporate Communications Vic Grizzle – President and Chief Executive Officer Chris Calzaretta – Senior Vice President and Chief Financial Officer Conference Call Participants Garik Shmois – Loop Capital Markets…
SOPA Images/LightRocket via Getty Images A year ago, I analyzed the completion of CyberArk Software Ltd.’s (NASDAQ:CYBR) subscription transition. This transition was a short-term compromise, as it generated low growth due to the effects of losing upfront revenue, but it gained long-term visibility through subscriptions. In that year-ago article, I contended the company had exited…
Oil States International, Inc. (NYSE:OIS) Q4 2023 Earnings Conference Call February 20, 2024 11:00 AM ET Company Participants Ellen Pennington – Counsel & Assistant Corporate Secretary Cindy Taylor – President & Chief Executive Officer Lloyd Hajdik – Executive Vice President & Chief Financial Officer Conference Call Participants Connor Jensen – Raymond James John Daniel –…
Emerson Electric Co. (NYSE:EMR) Citi’s 2024 Global Industrial Tech and Mobility Conference February 20, 2024 9:40 AM ET Company Participants Lal Karsanbhai – President and CEO Mike Baughman – EVP and CFO Colleen Mettler – VP of Investor Relations Conference Call Participants Andy Kaplowitz – Citigroup Andy Kaplowitz All right. We’re going to get started…
Last May, I wrote an article for Bitcoin Magazine predicting that Layer 2 (L2) metaprotocol solutions would resolve the Ordinals controversy. Now that two of the most highly-anticipated Layer 2 solutions, Taproot Assets (TA) and RGB, are either available or imminent, it’s time to revisit this subject. Indeed, it may be past time judging by…
DigitalBridge Group, Inc. (NYSE:DBRG) Q4 2023 Earnings Call Transcript February 20, 2024 8:00 AM ET Company Participants Severin White – MD, Head of Public IR Marc Ganzi – CEO Jacky Wu – CFO Tom Mayrhofer – CFO Elect Conference Call Participants Michael Elias – TD Cowen Jade Rahmani – KBW Ric Prentiss – Raymond James…
Walmart Inc. (NYSE:WMT) Q4 2023 Earnings Conference Call February 20, 2024 8:00 AM ET Company Participants Steph Wissink – SVP, IR Doug McMillon – CEO John David Rainey – CFO John Furner – President and CEO, Walmart U.S. Kathryn McLay – President and CEO, Walmart International Chris Nicholas – President & CEO, Sam’s Club Conference…
Honeywell International Inc. (NASDAQ:HON) Citi’s 2024 Global Industrial Tech and Mobility Conference February 20, 2024 8:00 AM ET Company Participants Vimal Kapur – CEO Conference Call Participants Andrew Kaplowitz – Citi Andrew Kaplowitz We’re going to get started. Again, appreciate everyone joining us. For those of you who weren’t at our first meeting, early risers,…
alvarez/E+ via Getty Images Aberdeen has already made some big moves since taking over the management of four of the previously managed Tekla healthcare and biotechnology CEFs on October 27th, 2023. Perhaps the biggest change came just the other day on February 9th when distribution declarations for February were announced and Aberdeen increased the distributions…
Yuichiro Chino/Moment via Getty Images In my most recent article on managed futures (“MF”) funds, I compared the KFA Mount Lucas Index Strategy ETF (KMLM) with the iMGP DBi Managed Futures Strategy ETF (DBMF), and the WisdomTree Managed Futures Strategy Fund ETF (WTMF) and suggested KMLM was my favorite of the three. However, users highlighted…
Matt Corallo proposed a little more than a week ago a BIP for the coordination of making Bitcoin payments. Making bitcoin payments has always presented something of a challenge in terms of coordination, both on-chain and off-chain with protocols like Lightning, for different reasons. When it comes to digital systems like email or payment systems…
Grupo Bimbo, S.A.B. de C.V. (OTCQX:GRBMF) Q4 2023 Results Conference Call February 19, 2024 6:00 PM ET Company Participants Daniel Servitje – CEO Diego Gaxiola – CFO Rafael Pamias – COO Mark Bendix – EVP North America Conference Call Participants Renata Cabral – Citigroup Alvaro Garcia – BTG Pactual Ulises Argote – JPMorgan Federico Galassi…
Bloomberg/Bloomberg via Getty Images “We are here and it is now. Further than that, all human knowledge is moonshine.“― H.L. Mencken Today, we put luxury and well-known home builder Toll Brothers, Inc. (NYSE:TOL) in the spotlight. Despite the worst year for existing homes sales of the century in 2023, the stocks of most home builders…
Rouzes/E+ via Getty Images I last wrote about Pizza Pizza (TSX:PZA:CA) 4 years ago. Since then, the company has performed well in mitigating COVID-19 impact and managing higher inflation and interest rates. Today, the company continues to grow across the country while closing poor-performing stores. It has recently expanded into Mexico by partnering with a…
Popartic/iStock via Getty Images When I first covered Malibu Boats (NASDAQ:MBUU) in September, I pointed out that the next two quarters might be rough for Malibu Boats, but the market already seemed to have that priced in as a near certainty. That’s basically how things have played out. Year-over-year earnings dropped nearly 38% despite a…
Iana Miroshnichenko Overview The US dollar (DXY, USDOLLAR) is offered today. It is trading softer against all the G10 currencies, with the yen the notable exception, and it is flat. The Antipodean are leading the way, taking out last week’s highs, as has the euro. That said, the intraday momentum indicators are stretched as NY…
Scott Olson Investment thesis General Motors is getting over the consequences of the crisis of the last quarter better than the market expected, and therefore stock prices are doing well. As a result of the prolonged strikes, the company itself estimates the damage from the production downtime at 95k unproduced vehicles, which as a one-off…
sinology/Moment via Getty Images STMicroelectronics (NYSE:STM) reported their Q4 results on January 25th. In my previous coverage, I presented a ‘Strong Buy’ thesis, emphasizing their robust automotive silicon carbide growth despite a sluggish personal electronics market in FY23. Considering the anticipated challenges in the industrial sector for FY24, I view it as a transition year…
Maksym Belchenko/iStock via Getty Images The operator of the Tim Hortons chain in China is falling behind its aggressive expansion plans amid disagreement with the brand’s owner about new investment Donut anyone? You won’t find many of those – if any – at Tim Hortons restaurants in China these days, after the chain’s local operator…
Editor’s note: Seeking Alpha is proud to welcome Matteo Sada, CFA as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Bloomberg/Bloomberg via Getty Images Investment Thesis PROS Holdings…
Hispanolistic AutoNation, Inc. (NYSE:AN) recently delivered better than expected quarterly EPS, and noted beneficial words about 2024 cash flow and future vehicle supply and demand dynamics. In addition, I detected an increase in capital expenditures for growth initiatives for AN USA as well as IT and electrification efforts, which, in combination with cash acquisitions, made…
Isogawyi/Moment via Getty Images Investment Thesis The success of the Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) since its Index change on June 21, 2019, strongly indicates the momentum factor has value when applied to S&P MidCap 400 Index stocks. However, it’s essential to understand things were once rocky for this ETF, which is up 17.41%…
400tmax Since January 3, 2022, when the last stock market correction started, the Dow Jones Industrial Average (DJI) has outperformed all three other major equity indexes on a total return basis. Performance of 4 total return stock market indexes (Price Action Lab Blog – Norgate Data) Despite a gain of 55.1% for the NASDAQ-100 total…
PATRICK T. FALLON/AFP via Getty Images As a value investor, growth investing can be a scary concept. Paying a high price, a price that is higher than justified based on current fundamentals, with the hope that future growth will not only make up that gap but also allow you to achieve a robust return does…
Ben Gabbe/Getty Images Entertainment Investment Thesis Well-known investor Michael Burry recently bought a small position in Qurate Retail (NASDAQ:QRTEA), which went mostly under the radar in my opinion. After digging into the company, I believe that Burry is betting on the company’s strong cash flow and ability to pay off debts while still generating decent…