igoriss Automotive Properties REIT (OTC:APPTF) (TSX:APR.UN:CA) is a Vancouver-based Canadian automotive REIT with 77 income-producing automotive dealerships across Canadian urban centers (as of Dec 31, 2023). Recently the REIT has added a few new properties to its portfolio that have been accretive to its growth. I’m bullish on its prospects as Automotive Properties REIT grows…
PM Images Introduction In my quest to re-create institutional, complex portfolio strategies using “off-the-shelf” vehicles available to retail investors (AKA, most of my readers), I’ve stumbled upon a new tool: XXXX. The MAX S&P 500 4X Leveraged ETNs (NYSEARCA:XXXX) is an exchange-traded note (“ETN”) that aims to return 4x the daily returns of the S&P…
tum3123 By Behnood Noei, CFA In 2023, a dominant theme for markets was the return of income in fixed income. Fast-forward to 2024, and despite a significant rally in spreads and a fall in yields during the fourth quarter, we believe this theme is still alive and well. As a matter of fact, yields of…
Brandon Bell/Getty Images News Introduction In my previous two articles (one) (two), I had a sell rating on Delta Air Lines (NYSE:DAL). During these times, I believed that the macroeconomic headwinds could hinder Delta Air Lines’ operations. As the consumer delinquency rates were sharply rising, I thought that the consumers’ financial health was deteriorating potentially…
A-Ko-N/iStock via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company (“BDC”) sector from both the bottom-up – highlighting individual news and events – as well as the top-down – providing an overview of the broader market. We also try to add…
Kandi Technologies Group, Inc. (NASDAQ:KNDI) Q4 2023 Earnings Conference Call March 15, 2024 8:00 AM ET Company Participants Kewa Luo – IR Director Xueqin Dong – CEO Xiaoming Hu – Chairman of the Board Conference Call Participants Mike Pfeffer – Oppenheimer & Company Arthur Porcari – Corporate Strategies Walter Hill – Carty & Company Operator…
JHVEPhoto In today’s very expensive stock market, investors are demanding terrific results to justify valuation premiums; and in the tech sector where headcount reductions and sales slowdowns have become the norm rather than the exception, stocks have seen wild swings in in the Q4 earnings season. ZoomInfo (NASDAQ:ZI), a sales software platform that helps companies…
deepblue4you Investment Thesis Six months ago, I initiated coverage of the Capital Group Dividend Value ETF (NYSEARCA:CGDV), listing impressive performance, a unique multi-manager structure, and solid fundamentals as reasons for my “buy” rating. Since then, it’s slightly outpaced the S&P 500 Index, one of only a handful of large-cap value ETFs to do so over…
Paras Griffin This article is part of a series that provides an ongoing analysis of the changes made to Ariel Investments’ 13F stock portfolio on a quarterly basis. It is based on Ariel Investments’ regulatory 13F Form filed on 2/14/2024. John Rogers’ 13F portfolio value increased from $9.45B to $10.04B this quarter. The portfolio is…
SweetBunFactory Investment Thesis Himax Technologies, Inc. (NASDAQ:HIMX) is a semi-fabless semiconductor design and manufacturing firm specializing in optical and driver components for displays and sensors. HIMX holds a significant market share in the display technology sector, holding some 40% of the automotive display market share and 8% of the total display driver market share. Despite…
AlTi Global, Inc. (NASDAQ:ALTI) Q4 2023 Earnings Conference Call March 15, 2024 5:00 PM ET Company Participants Lily Arteaga – Head, IR Michael Tiedemann – CEO & Director Stephen Yarad – CFO & Treasurer Conference Call Participants Wilma Burdis – Raymond James & Associates Operator Good afternoon. My name is Boah and I will be…
pavlen Investors have been waiting for a broadening out of the rally for even longer than they’ve been pricing in (and then pricing out) rate cuts, but while breadth may still be relatively narrow, there has been a good deal of rotation recently. Let’s start with where the market stood heading into today. We measure…
MicroStockHub Looking at the weekly close of the 10-year US Treasury yield, the final yield print this week at 4.30% is the highest weekly closing yield since the 4.47% close in late November ’23. Last Friday, March 8, ’24, the 10-year Treasury yield closed at 4.09%, so if the S&P 500 gets a little wobbly…
DiaSorin S.p.A. (OTCPK:DSRLF) Q4 2023 Earnings Conference Call March 15, 2024 10:00 AM ET Company Participants Carlo Rosa – Chief Executive Officer Piergiorgio Pedron – Chief Financial Officer Conference Call Participants Aisyah Noor – Morgan Stanley Maja Pataki – Kepler Cheuvreux Hugo Salaun – BNP Paribas Exane Shubhangi Gupta – HSBC Odysseas Manesiotis – Berenberg…
marcoventuriniautieri/iStock Unreleased via Getty Images Introduction In response to my late 2023 article on Tesla, Inc. (TSLA) and the Detroit Three automakers, a reader posted an intriguing comment: “Solid state batteries are going to render Musk’s Gigafactory worthless…” The resulting comment thread essentially debated solid state batteries, developers of such batteries like QuantumScape Corporation (QS),…
Daria Nipot Introduction Nearly one year ago, I wrote my first article on Amazon (NASDAQ:AMZN), called “Amazon: Breaking Up The Company From An Accounting Standpoint”. Here are my closing words from that article: I rate Amazon as a hold at the current price of $98.95 per share and will probably reevaluate my thesis sometime next…
Ignatiev/iStock via Getty Images By Christopher Gannatti, CFA No stock has been hotter in this artificial intelligence (AI) cycle than Nvidia (NVDA) (NVDA:CA), which recently eclipsed a market capitalization of $2 trillion. Whether it can continue at this pace is a much more difficult question. We scoured a universe of thematic equity exchange-traded funds (ETFs)…
imaginima The BlackRock Energy & Resources Trust (NYSE:BGR) is a sector-specific closed-end fund, or CEF, that is designed for those investors who want exposure to the traditional energy sector along with a high level of income. The fund manages to deliver on this promise fairly well, as its 6.14% current yield is quite a bit…
E_Y_E/iStock via Getty Images By Breakingviews Buyout firms have an even bigger problem than finding a place to park fleets of armored cars heaving with cash: what to do about their idling truckloads of portfolio companies. The two main avenues for returning money to increasingly itchy investors are largely blocked. To get around them, the…
Justin Sullivan/Getty Images News Investment Thesis Adobe Inc. (NASDAQ:ADBE) just reported its earnings for the first fiscal quarter (three months ended March 1st), and I think they did well. Revenue stood at a record of $5.18 billion. That’s pretty impressive. Now, a 12% growth rate (13% constant currency) might not sound a lot, but that…
Vonovia SE (OTCPK:VONOY) Q4 2023 Earnings Conference Call March 15, 2024 9:00 AM ET Company Participants Rene Hoffmann – Head-Investor Relations Rolf Buch – Chief Executive Officer Philip Grosse – Chief Financial Officer Conference Call Participants Charles Veasey – UBS Jonathan Kownator – Goldman Sachs Bart Gysens – Morgan Stanley Rob Jones – BNP Paribas…
Kanawa_Studio/E+ via Getty Images In this column, we provide a quarterly update on the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD). Our opinion? The exchange-traded fund, or ETF, does a great job as it was designed to do, be relatively stable while tracking pretty closely the Dow Jones 100 Dividend Index. That’s it. It also offers…
Redwire Corporation (NYSE:RDW) Q4 2023 Earnings Conference Call March 15, 2024 9:00 AM ET Company Participants Jeff Zeunik – Senior Vice President-Financial Planning & Analysis, Investors Relations Peter Cannito – Chairman & Chief Executive Officer Jonathan Baliff – Chief Financial Officer Conference Call Participants Suji DeSilva – ROTH MKM Griffin Boss – B. Riley Securities…
insta_photos/iStock via Getty Images Investment Thesis As Noah Holdings (NYSE:NOAH) nears new 52 weeks lows, the business becomes significantly undervalued with a consistent earnings power and sticky client base. I think the company continues to provide value to shareholders by leveraging its reputation, giving generous capital returns, and creating a sticky client base. Despite being…
FotografieLink We previously covered C3.ai (NYSE:AI) in December 2023, highlighting its improved near-term prospects, attributed to the reduced sales friction with lower average contract value (lower price points) and shorter sales cycle. Combined with the growing ratio of subscription revenue and higher projected conversion rate, it appeared that the management’s new business model was working…
AsiaVision/E+ via Getty Images Suke Is An IPO To Stay Away From Suke Limited (SUKE) has filed to raise $10 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. Suke provides digital media and related shopping and ecommerce services in Malaysia. Given that the Suke Limited IPO is priced…
Quarterhill Inc. (OTCQX:QTRHF) Q4 2023 Earnings Conference Call March 15, 2024 10:00 AM ET Company Participants Chuck Myers – Chief Executive Officer Kyle Chriest – Chief Financial Officer Conference Call Participants Gavin Fairweather – Cormark Todd Coupland – CIBC Operator Good morning, and welcome to Quarterhill’s Q4 and Fiscal 2023 Financial Results Conference Call. On…
Stephen Brashear A recent unexpected The Boeing Company (NYSE:BA) plane nosedive incident was said to injure 50 passengers, including 1 critically. The crew members were so injured in the incident, they were unable to help injured passengers. This comes on the heel of the door blowing out from an Alaska Airlines flight, which has been…
Justin Sullivan Sentiment reached negative extreme The sentiment surrounding Walgreens Boots Alliance (NASDAQ:WBA) has now reached an extreme in my view – and for many good reasons. As seen in the next chart, neither Main Street (approximated by Seeking Alpha writers) nor Wall Street analysts like the stock. To wit, among the 10 Seeking Alpha…
CHUYN/iStock via Getty Images By Michael Foster When looking at your cash, think in terms of liquidity buckets, with varying risk profiles. As noted in our recently released “Make Your Money Move” campaign, money markets balances are at a record high, reaching $6.06 trillion as of February 28, 2024, as measured by the ICI Money…
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Click here to download a PDF of this article. Ordinals have been a polarizing phenomenon for most every subcommunity in Bitcoin — except for miners. The meteoric rise of the new Bitcoin-native NFT standard dominated discourse…
Evkaz Preferred securities are trading at attractive discounts, however, just as many are looking to manage their Mag 7 exposure, we believe the same risk management applies to preferreds as well. Preferred securities prices were hit hard during the rate hiking cycle, leading to valuations not seen since the Global Financial Crisis and creating an…
SweetBunFactory I discussed my ‘Strong Buy’ thesis for ON Semiconductor (NASDAQ:ON) in my previous coverage in June 2023, emphasizing their key strengths in carbide and electrification in the auto and industrial end-markets. I forecast the company will deliver double-digit revenue growth and explosive FCF growth over the next few years. I reiterate a ‘Strong Buy’…
Marc Dufresne Canada’s big banks reported quarterly results that mostly beat expectations. Mario Mendonca, Managing Director with TD Cowen, speaks with MoneyTalk’s Kim Parlee about the results and the outlook for the lenders going forward. Transcript Kim Parlee – Canada’s big banks have reported their quarterly results with most beating expectations. Here to break down…
da-kuk February saw forward progress in meeting my 2024 goals that I wrote about in my 2023 review. As a recap, there are a few things I’m working to achieve in 2024 as I reconfigure and clean up my portfolio while also continuing to have quality dividend growth and a diverse portfolio. 1. Maximize contributions…
Suphanat Khumsap/iStock via Getty Images The disruption in liquefied natural gas, or LNG, markets in 2022 stemming from Russia’s invasion of Ukraine caused LNG shipping prices to increase. Higher rates allowed FLEX LNG Ltd. (NYSE:FLNG) to secure higher long-term charter rates for its vessels. Company Profile: Flex LNG Ltd. is an LNG shipping company with…
The Michael Saylor-led software company MicroStrategy has upsized its planned convertible senior notes offering from $500 million to $525 million. The company intends to use the proceeds to acquire more Bitcoin, as per their recent press release, following a strategy it has pursued since 2020. MicroStrategy announced it had priced the 0.875% convertible senior notes…
MarsYu By Mike Larson, Editor-in-Chief, MoneyShow Mish Schneider, Chief Strategist at MarketGauge.com and Kenny Polcari, Chief Market Strategist at SlateStone Wealth share their take on stocks, sectors, commodities, and more. Transcript Mish Schneider’s Market View Larson – Hi there. I’m Mike Larson, Editor-in-Chief with MoneyShow. And I’m coming to you from the Las Vegas Money…
Torsten Asmus/iStock via Getty Images Capital Markets Highlights In Q4 2023, U.S. stock1 and bond2 markets rallied on improving inflation data, strong economic growth, and comments from Fed Chair Powell suggesting the Fed’s interest rate hiking cycle is over and the prospects for a rare economic soft landing are improving. The quarter started poorly with…
Torsten Asmus Dear Clients and Friends: As 2023 draws to a close, we find ourselves reflecting on a year that vividly embodied the German phrase “Sturm und Drang,” which translates to “Storm and Stress.” Although the term is now used to describe turmoil generically, it originally identified a late 18th-century movement in German literature and…
cherrybeans Nine times out of 10, I don’t recommend pursuing high-yield dividend stocks. Not when it comes to real estate investment trusts (“REITs”) or when it comes to non-REITs. I’m a safety-first kind of guy, and chasing yield alone is the opposite of safety. As I write in REITs for Dummies, sucker yields refer to…
Andrzej Rostek When I first saw the AdCom briefing documents for Legend Biotech’s (NASDAQ:LEGN) and Johnson & Johnson’s (JNJ) Carvykti, I thought the stock would surely plunge. But that is not what happened and there was only a slight dip followed by a recovery to recent highs. I was previously bullish on Legend and Carvykti’s…
AzmanL Overview I previously rated a buy rating for Jamf Holding Corp. (NASDAQ:JAMF) as I expected growth performance to remain strong despite the poor macroclimate. Since my post, the share price has rallied strongly to $21 (just $1 below my target price), but has now fallen back to ~$17 levels again. My recommendation for JAMF…
Autolus Therapeutics plc (NASDAQ:AUTL) Q4 2023 Earnings Conference Call March 14, 2024 8:30 AM ET Company Participants Olivia Manser – Investor Relations Christian Itin – Chief Executive Officer Rob Dolski – Chief Financial Officer Conference Call Participants James Shin – Deutsche Bank Gil Blum – Needham & Company Eric Yeung – William Blair Yanan Zhu…
hapabapa Investment Thesis Adobe (NASDAQ:ADBE) falls on the back of its fiscal Q2 2024 guidance. Investors’ natural reaction is to say buy the dip, as management is being conservative with its guidance. And yet, for my part, I don’t believe management is being conservative. And what’s more critical here is that Adobe’s growth rates are…
hapabapa It’s clear that Nike (NYSE:NKE), the famous footwear and apparel brand, is a great business. Its innovative marketing and willingness to outspend its competitors in order to gain competitive advantage have rewarded them with ROCE consistently above 20%. With Nike trading around its pre-pandemic high, there seems to be pessimism surrounding the company. Nike…
seb_ra Shares of Scholastic (NASDAQ:SCHL) have taken a small beating in response to a relative substantial acquisition being announced. The company has been more aggressive in deploying capital, notably in the form of share repurchases, but now an M&A deal as well, thereby depleting its net cash position. This raises some concerns as the operating…
Suebsiri On the back of five recent trips to Japan, our global equity team has been increasing Japanese equity exposure across our international strategies over the past few quarters, narrowing the underweights we had for some time. There are three reasons, but before I delve into them, let me explain why we were underweight in…
Stuart Franklin/Getty Images News Investment Thesis I take the view that Volkswagen AG has the capacity for an upside to $18 based on strong growth in demand across the company’s electric vehicle offerings. In a previous article back in June 2022, I made the argument that Volkswagen AG (OTCPK:VWAGY) has the capacity for upside going…