JHVEPhoto Telenor (OTCQX:TELNY) offers a high-dividend yield, but this is more the result of poor dividend sustainability than being an income opportunity, thus investors should avoid its shares. As I’ve covered in a previous article, Telenor offers an attractive dividend yield, but its dividend sustainability is questionable, and therefore it’s not a great income pick…
Patrick Jennings/iStock via Getty Images I first covered Federal Agricultural Mortgage Corporation, also known as Farmer Mac (NYSE:AGM) several months ago in an article titled Farmer Mac: A Lot To Like About It where I referred to this company as a great dividend growth stock. Since my last article, the company announced quarterly results twice,…
EvgeniyShkolenko/iStock via Getty Images MarketAxess Holdings Inc. (NASDAQ:MKTX) reported its Q4 earnings which beat estimates although it wasn’t enough to stem a sharp selloff in shares that are down more than 25% YTD and currently near a five-year low. We last covered the stock back in early 2022 citing what was then expected to be…
hocus-focus/iStock Unreleased via Getty Images Despite a cautiously optimistic market that is energized by the AI boom, investors should maintain tremendous caution around richly valued growth stocks. I’ve moved more of my portfolio toward cash and value-oriented plays since the start of the year and locked in gains on many of my growth positions. Sprout…
Mishella Introduction The listed partnerships for Brookfield Corporation (NYSE:BN) like BEP, BIP and BBU have declined in value from their 2021 levels but these interests are not the whole picture. Per my August article, Brookfield Corporation is undervalued. Since then, the full-year 2023 numbers have come out and there are some key positives. Brookfield Corporation…
Bloomberg/Bloomberg via Getty Images Elevator Pitch Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) [8316:JP] shares are assigned a Buy rating. I previously touched on SMFG’s shareholder capital return, financial goals, and valuations in my December 10, 2023 article. This current update highlights the latest positive developments for Sumitomo Mitsui Financial. My view is that Sumitomo Mitsui…
Barry Lewis/In Pictures via Getty Images This issue of Where Fundamentals Meets Technicals takes a look at the unloved energy sector. We combine my fundamental analysis with the technical analysis of Zac Mannes and Garrett Patten in these types of reports to find intersections between the two disciplines. And occasionally we make one public, like…
AutumnSkyPhotography QUALCOMM (NASDAQ:QCOM) has rallied 21% since the last article was published (which can be found here). The company has published their FY1Q24 results, and this article will cover my thoughts on the earnings. This was a strong print as top and bottom-line exceeded the high end of the guidance and expectations. The strong results…
OsakaWayne Studios/Moment via Getty Images Introduction It has not been easy holding Opendoor Technologies (NASDAQ:OPEN) stock. If you have been an Opendoor investor for the past year or so, you might have experienced a roller coaster of emotions as the stock oscillates violently between $1 and $5. To illustrate, the stock has a 1-year Beta…
Suriyapong Thongsawang/Moment via Getty Images Fund Overview BlackRock Resources & Commodities Strategy Trust (NYSE:BCX) is an equity closed-end fund. The fund invests in stocks with companies operating in the commodity space, with the distribution below based on the latest report provided by BlackRock (as reported as of September 30, 2023). These distributions will be updated…
Bloomberg/Bloomberg via Getty Images US investors have to dig and claw to find quality high-yield names. Goldman Sachs reports that the current dividend yield on the S&P 500 is a scant 1.45% as of late February 2024. It could be a sign that the market is getting pricey, though the beaten-down Energy sector trades at…
Rasi Bhadramani/iStock via Getty Images Silence Therapeutics (NASDAQ:SLN) is gearing up to report topline 36-week data from its phase 2 ALPACAR-360 study, which is using its drug zerlasiran [formerly known as SLN360] for the treatment of patients with high lipoprotein[a] and stable atherosclerotic cardiovascular disease [ASCVD]. It is expected to release such data in Q1…
Xiaolu Chu Tesla (NASDAQ:TSLA) has been given a big boost in recent months which has been ignored by Wall Street. Another major player in the self-driving industry has faced a barrage of safety concerns and will likely scale down its ambitions. GM’s (GM) Cruise had received approval in August to start its round-the-clock robotaxi service…
dontree_m Why is Income Important? For younger folks who have a steady job and are many decades away from retirement, income is probably not important. What they need is the growth of their capital. On the other hand, if you are 50 years old or above or a retiree, income from your investments should take…
PM Images Capital appreciation is becoming polarizing again as NVIDIA (NVDA) delivered strong earnings, which led to a $110.66 (16.40%) gain today. Tech earnings are grabbing the spotlight again, as an overwhelming amount of commentary is focused on artificial intelligence. Watching companies such as Meta Platforms (META) and NVDA being propelled into all-time highs while…
bernie_photo John is starting off the year with some pretty compelling projections for his income. With the first month in the books it looks like we are slightly off when it comes to the Traditional IRA but exceeding expectations in the Roth IRA. The funny part is that you would think it would be easier…
Expensify, Inc. (NASDAQ:EXFY) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants David Barrett – CEO Ryan Schaffer – CFO Conference Call Participants Aaron Kimson – JMP Securities Daniel Jester – BMO Capital Markets Operator David Barrett Welcome, welcome, welcome to the Q4 2023 earnings for Expensify. I’m David Barrett, CEO….
Monty Rakusen Bausch Health (NYSE:BHC) is a high-quality pharmaceutical company that has shown great resiliency and ability to innovate. However, it is also loaded with an expensive and heavy debt load of more than $20 billion that is weighing on the equity valuation. The key to resolving the leverage issues remains the complete or substantial…
DMC Global Inc. (NASDAQ:BOOM) Q4 2023 Earnings Call Transcript February 22, 2024 5:00 PM ET Company Participants Geoff High – VP of IR Michael Kuta – CEO Eric Walter – CFO Conference Call Participants Ken Newman – KeyBanc Capital Markets Alec Scheibelhoffer – Stifel Operator Greetings. Welcome to the DMC Global Fourth Quarter and Full…
Klaus Vedfelt We previously covered SoFi Technologies (NASDAQ:SOFI) in November 2023, discussing the impressive results across all of its segments, further aided by the returning student loan refinancing as the US federal student loan repayment restarted from October 2023. Combined with the growing bank deposits, the contribution to its lower cost funding, and the promising…
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TrueBlue, Inc. (NYSE:TBI) Q4 2023 Earnings Call Transcript February 21, 2024 5:00 PM ET Company Participants Taryn Owen – President and CEO Carl Schweihs – CFO Conference Call Participants Jeff Silber – BMO Capital Markets Mark Marcon – Baird Will Brunemann – Northcoast Research Marc Riddick – Sidoti & Company Operator Greetings and welcome to…
Smith Collection/Gado/Archive Photos via Getty Images Honda Motors (NYSE:HMC)(OTCPK:HNDAF) is a Japanese automotive player that we’ve covered in the past, focused on the entire industry’s favourable supply chain situation amid a weak yen environment, causing a real growth in unit margins thanks to substantial home grown production and parts sourcing and a very large USD…
Global Blue Group Holding AG (NYSE:GB) Q3 2024 Results Conference Call February 23, 2024 8:00 AM ET Company Participants Jacques Stern – CEO Roxane Dufour – CFO Frances Gibbons – Head of IR Jacques Stern Good morning. Good afternoon. I am, today with Roxanne Dufour, CFO of the group. I am Jacques Stern, the CEO…
ACV Auctions Inc. (NASDAQ:ACVA) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Tim Fox – Vice President, Investor Relations George Chamoun – Chief Executive Officer Bill Zerella – Chief Financial Officer Conference Call Participants Michael Graham – Canaccord Chris Pierce – Needham & Company Pete Lukas – CJS Securities Eric…
M. Suhail Thesis Introduction Over the past few months, I have gradually warmed up to the idea that McDonald’s stock (NYSE:MCD) deserves a “Buy” rating. Compared to my previously held “Equal-weight” thesis, which has been published in February 2023, there were two major variables that prompted my rating reassessment: Firstly, I acknowledge that rates are…
Galeanu Mihai THE NORWEGIAN ILLUSION “Electric vehicles (EVs) are piling up on lots across the country as the green revolution hits a speed bump, data show.” USA Today, November 14, 2023 “Hertz Global Holdings announced Thursday it planned to cut one-third of its global EV fleet over the year. Following the announcement, Hertz CEO Stephen…
Remitly Global, Inc. (NASDAQ:RELY) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Stephen Shulstein – VP, IR Matt Oppenheimer – Co-Founder & CEO Hemanth Munipalli – CFO Conference Call Participants Tien-Tsin Huang – JPMorgan Allison Gelman – Barclays Andrew Schmidt – Citigroup Will Nance – Goldman Sachs Andrew Bauch –…
Frank Armstrong/iStock via Getty Images We previously covered Citigroup Inc. (NYSE:C) in October 2023, discussing its crown jewel’s promising performance, TTS, with it being the fastest-growing business, well exceeding the previous Investor Day revenue CAGR target of high single digits. While this outperformance had yet to be translated to its bottom line as it also…
SDI Productions Over the past year I have found a number of interesting players in the banking sector. Some of these have been enterprises that I became very bullish on that went on to achieve some rather meaningful upside. Other opportunities have fallen short of expectations. Others, still, were firms that I did not have…
Bilanol/iStock via Getty Images Introduction I have owned the preferred shares of Sunstone Hotel Investors (NYSE:SHO) for several years now as I think the (cumulative) preferred dividends offer an excellent stream of quarterly dividends that I don’t have to worry about thanks to the robust balance sheet of the REIT. Data by YCharts The recently…
Pinstripes Holdings Inc. (NYSE:PNST) Q3 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Dale Schwartz – President & Chief Executive Officer Tony Querciagrossa – Chief Financial Officer Conference Call Participants Peter Sala – BTIG Sharon Zackfia – William Blair Operator Good day, ladies and gentlemen, and thank you for standing by….
VanderWolf-Images Introduction I have been tracking Vopak (OTCPK:VOPKF) for several years now and in the summer of 2022 I thought the company had become too cheap and I liked the stock for its 5.5% dividend yield, which was pretty good for an infrastructure company back in the day. Since that article in August 2022, the…
Envestnet, Inc. (NYSE:ENV) Q4 2023 Earnings Conference Call February 22, 2024 8:00 AM ET Company Participants Josh Warren – Incoming CFO Bill Crager – CEO Tom Sipp – EVP, Business Lines Conference Call Participants Michael Cho – JPMorgan Devin Ryan – JMP Surinder Thind – Jefferies Pete Heckmann – DA Davidson Operator Greetings and welcome…
SOPA Images/LightRocket via Getty Images Elevator Pitch I rate ACV Auctions Inc. (NASDAQ:ACVA) stock as a Buy. In my previous September 12, 2023, write-up, my focus was on ACVA’s growing market share, the stock’s valuations as compared to peers, and the change in consensus estimates for the company. I touch on ACV Auctions’ Q4 2023…
nLIGHT, Inc. (NASDAQ:LASR) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Joe Corso – Chief Financial Officer Scott Keeney – Chairman and Chief Executive Officer Conference Call Participants Jim Ricchiuti – Needham & Company Ruben Roy – Stifel Greg Palm – Craig-Hallum Capital Group Keith Housum – Northcoast Research Mark…
Natali_Mis I downgraded CRISPR Therapeutics AG (NASDAQ:CRSP) stock before the official approval of Casgevy by the US FDA in December 2023. Crispr billed the FDA approval as “historic, not only for biomedicine but for humanity as a whole.” As a result, it has opened up new healthcare opportunities in gene editing as a platform, even…
Lazy_Bear The US dollar and interest rates appear to be at an inflection point. Much of the past several weeks have been about correcting the overshoot that took place in Q4 23, when the derivatives markets were pricing in nearly seven quarter-point rate cuts by the Federal Reserve this year. US two- (US2Y) and 10-year…
Westend61/Westend61 via Getty Images The Janus Henderson B-BBB CLO ETF (BATS:JBBB) invests in U.S. collateralized loan obligations (CLO) through an actively managed exchange-traded fund structure. The attraction here is the exposure to this alternative corner of fixed income that currently offers an 8.1% yield through a monthly payout. The fund’s CLO floating rate and low-duration…
Flavio Coelho/Moment via Getty Images Artificial intelligence, or AI, is the name of the stock market game these days. Any company that can make the AI label stick has a good shot of seeing outsized gains. Notice the wording there: “can make the AI label stick.” Not “uses AI meaningfully” or “successfully showcases a viable…
imaginima Dear readers, Prologis (NYSE:PLD) is a global industrial REIT which needs little introduction. If you live in a major city in the Western world, chances are that you’ve driven past Prologis’ warehouses countless times. The company owns 1.2 Billion sft of space on four continents and in 20 countries and completely dominates the sector…
Peter Nicholls/Getty Images News Shares of British bank Lloyds (NYSE:LYG) continue to look attractive following the release of Q4 results on Thursday (Feb 22). In my last piece, I highlighted the bank’s compelling capital returns potential, with Lloyds essentially in position to distribute all of its near/medium-term capital generation to shareholders, with this equating to…
georgeclerk/E+ via Getty Images Return Reaches Extreme The Thursday 105 point rally in the S&P 500 (SP500) pushed the collective returns over periods of 12.5, 25, 50, 100 and 200 trading days to an extreme percentile of 0.992. This level has only been reached 0.8% of the time in the last 20 years. It’s certainly…
da-kuk/E+ via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a hold for Paycom (NYSE:PAYC), as I became uncertain about the near-term future of the business, given that the growing adoption of BETI is expected to cannibalize growth. I am reiterating my hold rating as various headwinds…
magical_light/iStock via Getty Images The last time I wrote on (NASDAQ:GLDD), I saw some signs of recovery, but it was still looking dicey in the short term. However, I think now might be the right time to enter the stock. As the macroeconomic conditions are way better, GLDD looks cheap now, valuation-wise. So, I am…
Jeremy Moeller/Getty Images News Hermes (OTCPK:HESAY) is a French company founded in 1836 by Thierry Hermès and has had a return of 4969% for its shareholders over the last 20 years. The secret of Hermès lies in having ascended to the highest echelon of luxury, thanks to the founding family at the helm, obsessed with…
Maskot/Maskot via Getty Images Thesis It’s now been just over 10 years since Murphy USA Inc. (NYSE:MUSA) was spun off and became publicly traded. While its revenues and earnings have not been exciting, the share price has been for medium and long-term investors. Earnings for 2024 are expected to rise by mid-single digits, but share…