Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move its corporate registration to Texas, after a court judgment in Delaware voided his $56bn pay package. The billionaire posted his…
SweetBunFactory Through 2024, we expect further semiconductor industry growth driven by broad industry demand. Overview We believe the semiconductor industry is expected to continue to rebound significantly at a notable growth rate in 2024. The resurgence is driven by increasing demand from various industries and applications. While general optimism about the industry’s growth potential exists,…
Olivier Le Moal High gold price reflects strong demand Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest…
NicoElNino Dear Partners, For Q4 2023, Class A interests in Laughing Water Capital returned approximately 3.2%, bringing our year-to-date returns to approximately 11.8% after all fees and expenses.i The SP500TR and R2000 returned 11.7% and 14.0% for the quarter, bringing year-to-date returns to 26.3% and 17.0% respectively. Since inception, LWC has returned approximately 245%, vs….
cemagraphics In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital. Since…
oatawa BlackRock TCP Capital Corp. (NASDAQ:TCPC) is a well-managed business development company that has produced a high degree of excess dividend coverage in the last couple of years. The portfolio is well-diversified and management has handed investors a 13% increase in the regular dividend in the last year. Though I consider the discount to net…
imaginima ENFR – Overview and Investment Thesis The Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) is a midstream energy index ETF, focusing on midstream energy corporations. ENFR’s investment thesis rests on the fund’s: Comparatively safe midstream energy holdings, with relatively stable revenues and resilient business models Good, growing 5.4% dividend yield, backed by stable revenues and cash…
manassanant pamai Today was the day that most believed the Fed would pivot, lowering interest rates by reinstating Quantitative Easing (QE). Recent stock market gains reflect this belief. S&P But few have considered the long-term consequences of the Fed’s actions and the predicament in which it finds itself. It’s not as easy as simply turning…
champc New offering summaries: CDX3Investor.com Eagle Point Credit Company (ECC), a closed-end externally managed investment company, priced an offering of 1.4 million shares of new series F term preferred stock due 2029, offering a fixed dividend of 8%, paid monthly. The new shares received a credit rating of BBB from Egan-Jones Ratings Company, and traded…
Portra/E+ via Getty Images IRadimed (NASDAQ:IRMD) works in healthcare equipment for MRI services. It looks like quite a compelling investment in almost all areas other than its valuation. It has a very stable balance sheet and strong growth prospects, particularly when compared to peers. However, there is some uncertainty over whether it can keep its…
georgeclerk The valuation gap between large caps and mid-caps closed a bit over the final nine weeks of 2023, but a strong January showing from the biggest of the big stocks and generally soft returns from mid-size equities caused that gap to widen once more. Heading into February, and the bulk of mid-cap earnings season,…
champc On Tuesday, Sysco Corporation (NYSE:SYY) reported second quarter results for fiscal 2024 and in the first hour of trading it seems like investors are quite pleased with the results and the stock is up almost 4%. My last article about Sysco was published almost 2 years ago – in February 2022 – and since…
Boot Barn Holdings, Inc. (NYSE:BOOT) Q3 2024 Earnings Conference Call January 31, 2024 4:30 PM ET Company Participants Mark Dedovesh – SVP, IR and Financial Planning Jim Conroy – President and CEO Jim Watkins – CFO Conference Call Participants Matthew Boss – JPMorgan Steven Zaccone – Citi Max Rakhlenko – TD Cowen Jason Haas –…
Nextracker Inc. (NASDAQ:NXT) Q3 2024 Earnings Conference Call January 31, 2024 4:30 PM ET Company Participants Mary Lai – VP, IR Daniel Shugar – Founder & CEO Howard Wenger – President David Bennett – CFO Conference Call Participants Brian Lee – Goldman Sachs Jon Windham – UBS Mark Strouse – JPMorgan Julien Smith – Bank…
Vertigo3d Introduction We last covered iShares Global Technology ETF (NYSEARCA:IXN) in April 2020. We suggested at that time to start building a position despite the significant market correction due to the pandemic. We also noted the strong long-term growth outlook for IXN in the upcoming few years. The fund has since delivered a total return…
urbazon Investment thesis Our current investment thesis is: DLTH is likely on a slow decline to zero. The company, while providing good quality products that certainly have their place in the market, is unable to gain upward traction. Marketing efforts have fallen flat, innovative responses to industry developments have been non-existent, and competition has grown…
e-crow Gulfport Energy (NYSE:GPOR) is well hedged on natural gas in 2024 and that should allow it to generate a solid amount of free cash flow this year despite weak natural gas strip prices. At $2.50 to $2.55 NYMEX gas in 2024, I estimate that Gulfport can generate $283 million in free cash flow, of…
Nerthuz By James Knightley, Chief International Economist | Padhraic Garvey, CFA, Regional Head of Research, Americas | Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE Fed caution argues against a March rate cut No change from the Federal Reserve on interest rates (target range kept at 5.25-5.50%) and…
Fujitsu Limited (OTCPK:FJTSF) Q3 2023 Earnings Call January 31, 2024 1:00 AM ET Company Participants Takeshi Isobe – Director Takeshi Isobe This is Isobe. I would now like to start explanation about the Fiscal Year 2023 Third Quarter Consolidated Financial Results. I will use the presentation material to explain. Page three, first the financial highlights…
aluxum In this article I analyze the Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE), a thematic ETF that tracks the performance of the FTSE Emerging Index, focusing on the characteristics and metrics that, in my opinion, are worth to be considered. I also explain why I maintain a neutral stance on emerging markets outlook, despite some…
Century Communities, Inc. (NYSE:CCS) Q4 2023 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Tyler Langton – Senior Vice President of Investor Relations Dale Francescon – Chairman and Co-Chief Executive Officer Rob Francescon – Co-Chief Executive Officer and President Dave Messenger – Chief Financial Officer Conference Call Participants Carl Reichardt – BTIG…