Justin Sullivan Investment Thesis My previous Broadcom (NASDAQ:AVGO) bullish earnings preview aged extremely well, because the stock surged after the strong previous earnings release. Since early December 2023, the stock rallied by more than 50%, substantially outpacing the broader U.S. market. Today, I want to update my thesis about the company, and it is pre-earnings…
BlackJack3D Shares of Clarivate Plc (NYSE:CLVT) have fallen to re-test their lows, as the debt-loaded provider of IP, scientific information and analytical tools & services continues to feel the overhang of being overleveraged as a result of an M&A streak in recent years. With no sales growth seen again in 2024, accompanied by margin pressure,…
imagewerks Thesis In my previous article (released before Q3 2023 reported in November 1) about Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), I explained how Norwegian was still undervalued despite a 20% dilution, in which case the stock’s future price for 2028 would be $47.43 and if there was no dilution, the future price would be…
imaginima CHX To Tread Lightly On Mitigating Factors I have been discussing ChampionX Corporation (NASDAQ:CHX) in the past, and you can read the latest article here. Compared to my previous iteration, the company’s chemistry business in North America appears to be heading to a recovery, as reflected by higher chemical intensity, pricing, and market share…
simonkr Separate The Secular Growth From The Cyclical Supply-Demand Balance Albemarle (NYSE:ALB) has been a challenging stock to rate since I started covering it on Seeking Alpha in 2019. The secular growth of electric vehicle usage creating long-term demand growth for lithium is well-accepted. In the shorter term, small fluctuations in the supply-demand balance can…
FG Trade Latin CEF Overview The Sprott Physical Gold and Silver Trust (NYSEARCA:CEF) is a closed-end fund that invests in gold and silver. The metals are fully allocated for and held at The Royal Canadian Mint. Typically, the mix is around 2/3 in gold and 1/3 in silver. I first covered CEF almost a year…
kynny Veeco Instruments (NASDAQ:VECO), a supplier of semiconductor process equipment, closed the books on FY2023 with the release of the latest Form 10-K. In general, FY2023 was a good year for VECO, which found its way back to the stock with strong gains. In fact, VECO was able to grow the top and the bottom…
SlavkoSereda For March, West Texas Intermediate (WTI) oil prices should range between $70 and $90 per barrel. This is an increase of $5 per barrel from last month. A narrower range is between $75 and $85 per barrel. For most of last month, prices were tightly packed between the low and high $70s. As the…
gerenme Background and Investment Thesis Dominion Energy (NYSE:D) may be just the tonic for income investors seeking the stability of a regulated electric utility with a high-yield cash dividend payout. Currently, shares yield about 6 percent and hold a reasonable go-forward potential for capital appreciation. On March 1, management completed an Investor Day presentation that…
Neilson Barnard This article is part of a series that provides an ongoing analysis of the changes made to Carl Icahn’s 13F portfolio on a quarterly basis. It is based on Icahn’s regulatory 13F Form filed on 2/14/2024. Please visit our Tracking Carl Icahn’s Portfolio series to get an idea of his investment philosophy and…
Polina Lebed/iStock via Getty Images ACOMO N.V. (OTCPK:ACNFF) is a stable dividend payer operating in the food business, offering a 6% dividend yield. As it is a slow-growing company, we should not expect that the stock will go up 5x in the next 10 years, but if you are looking for a stable dividend payer,…
opolja RingCentral (NYSE:RNG) is a cloud-based platform offering business communication solutions like phone systems, video conferencing, team messaging, and contact centers. I have analyzed RNG on two occasions. My first buy recommendation resulted in a successful 50% gain. However, a second buy recommendation made during the pandemic proved only partially correct. The initial coverage price…
bjdlzx Spartan Delta (OTCPK:DALXF) is a Canadian company that reports in Canadian dollars. Last year, the company issued a big dividend that effectively ended the main project. Now management is touting that accomplishment while starting another growth project to go after large gains again. That makes this an atypical company not suited for income investors….
Sundry Photography Introduction & Investment Thesis Cloudflare (NYSE:NET) is a provider of cloud-based services that secure internet properties. The company produced stellar results in its latest Q4 FY23 earnings report, beating both the top and bottom-line expectations. The company has a terrific track record of driving a 46% compounded annual growth rate (CAGR) in revenue…
wildpixel The main draw here is that recent spin-off Mural Oncology (NASDAQ:MURA) reported $275M in cash in their January 2024 investor presentation (as of Nov 1, 2023). That works out to approximately $16.47/share in cash, compared to a current stock price of $5.39/share. Now, the catch is that this is a biotech company investing in…
SweetBunFactory Investment action I recommended a hold rating for GLOBALFOUNDRIES, Inc. (NASDAQ:GFS) when I wrote about it the last time (Oct’23), as the semiconductor landscape was not favorable for GFS. Despite my belief that GFS is well positioned to be a leader in the field of quantum computing and AI chips, the near-term dynamics simply…
selamiozalp We covered the iShares MSCI India ETF (INDA) a while back as we figured that Indian equities would surge, given favorable risk premium alignment and trend growth numbers. Fortunately, our rating worked out rather well, as the vehicle has surged ever since. INDA ETF Rating in August 2023 (Seeking Alpha) Although we think the…
Jean-Luc Ichard/iStock Editorial via Getty Images Capgemini (OTCPK:CAPMF)(OTCPK:CGEMY) is a tech consulting company whose feature is a pretty big European, specifically French focus, and not so much a US-focused company. Things have decelerated, as we assumed in our last coverage. The company was prepared for that and responded aptly in its operational policies, and now…
HJBC Introduction Amundi S.A. (OTCPK:AMDUF) recently reported its Q4 2023 results, which I will discuss below. I will also compare the company relative to one of its largest stock-exchange-listed European peers, DWS Group. In brief, I think that Amundi has little room for operational improvement (which is already superb). This coupled with its sizable tangible…
andreswd/E+ via Getty Images Shares of Fortune Brands Innovations (NYSE:FBIN) have shown real signs of life again since the fall, after the business saw a tougher 2023 as a result of higher interest rates. The company has undergone a real transformation in recent times, but as growth is returning in 2024, and the positioning is…
Lemon_tm For the last several months, since about November of 2023, I have been focused on mid-February to mid-March as the likely time for a “normal” 7% to 10% correction. Mind you, such corrections happen in the normal course of stocks, at least once a year, often multiple times. I picked this window because as…
Sundry Photography Back in April of 2023, I found myself taking a rather bullish stance on logistics business ArcBest Corporation (NASDAQ:ARCB). The company, which is known for offering freight transportation services and other logistics solutions to its customers throughout North America, had been outperforming the broader market since I had previously written about it in…
bauhaus1000/iStock Unreleased via Getty Images Goodyear Tire & Rubber Co. (NASDAQ:GT) is an iconic American tire company, and it is also well known for its blimps. The company offers tires under the Goodyear brand, as well as under the Dunlop and Kelly brand names. The shares recently plunged after the company released earnings, and it…
Palantir CEO, Alex Karp (center) continues to ignore the short-term noise to focus on long-term success Chip Somodevilla/Getty Images News Palantir shares are up over 40% this year (and up over 60% since our previous article in July) following an outstanding quarterly earnings report in February (whereby record revenue and profits were achieved, driven by…
Pla2na/iStock via Getty Images Performance Assessment I’ve been the only bear on British American Tobacco (NYSE:BTI) (OTCPK:BTAFF) among Seeking Alpha analysts. Following my first ‘Strong Sell’ view on BTI, the stock underperformed the S&P 500 by 9.48% on a total shareholder return (TSR) basis, and also delivered an absolute TSR of -0.89%. In my second…
Koshiro Kiyota/iStock Editorial via Getty Images Note: All amounts referenced are in Canadian dollars. Stock price referenced is from TSX and not the USD OTC price. You can bid up anything to any price. You can throw rational multiples out and move to “this time is different”. That almost always means poorer returns from that…
Thanakorn Lappattaranan/iStock via Getty Images Realty Income (NYSE:O) is one of the largest REITs in the world. However, the company continues to be punished by strong interest rates. A 5% dividend yield is not great from a company that trades at a premium when bonds are providing an even higher yield. Despite that, we recommend…
silvestra Co-authored with “Hidden Opportunities.” In the era of digital finance, where access to markets is simplified and commission-free, the average investor has embraced a short-term mindset: Buy, Sell, Repeat! This mantra echoes from Main Street to Wall Street, but it’s not my game plan. While some thrive on the adrenaline of short-term trading, my…
JamesBrey As my regular readers probably know, I am not bullish on the BDC (BIZD) sector right now. I recently sounded caution on sector blue chips Ares Capital Corp (ARCC) and Main Street Capital (MAIN) while also pointing out the challenges being faced by FS KKR (FSK) as well as the sector as a whole….
cemagraphics Last weekend’s article detailed a “Window for a Reversal” for the S&P500 (SPY) after it tested the 5107-12 target. It’s tempting to get carried away when a market stops exactly where you thought it would and drops 50 points, but there were two key things needed to confirm a reversal – a break of…
constantgardener/E+ via Getty Images Originally a Canadian company (Encana), Ovintiv Inc. (NYSE:OVV) over time has renamed itself, expanded US operations, and even moved its headquarters to the US (Denver, Colorado). It retains substantial natural gas production in Canada’s Montney basin. Like the rest of the oil and gas sector, Ovintiv has made good progress after…
Leon Neal Last week, Leonardo (OTCPK:FINMF) (OTCPK:FINMY) reported its Q4 and Fiscal Year 2024 results. Since our initiation of coverage, we recorded a plus 150% (including the dividend payment). Before updating our readers on Leonardo’s new target price, it is essential to report the latest defense company’s development. Mare Past Analysis Ongoing Upside (Higher EU…
amgun Life is a sort of a debtors’ prison where we are all playthings of fortune ― Smollett Tobias George Today, we put RingCentral, Inc. (NYSE:RNG) in the spotlight. The stock appears cheap by some key valuation metrics, but the shares saw some notable insider selling in February. As can be seen below, the stock…
RichLegg Listen below or on the go on Apple Podcasts and Spotify The following is an abridged transcript The top story to look out for this week The February jobs report is due on Friday, with expectations for payrolls growth to ease back. January showed a whopping rise of more than 350,000 in nonfarm payrolls….
taikrixel NextEra Energy (NYSE:NEE) investors have underperformed the S&P 500 (SPX) (SPY) over the past year, notwithstanding its solid execution amid a challenging macroeconomic backdrop. I last updated NEE investors in December 2023, assessing the possibility of a further recovery as interest rates declined from their October 2023 highs. However, NEE Bulls lost momentum as…
SIphotography Investment Thesis Global X SuperDividend ETF (NYSEARCA:SDIV) warrants a strong sell due to multiple concerning factors impacting the fund. While SDIV offers a very high dividend yield, it has seen a steep decline in share price along with poor fundamental qualities for its top holdings. These factors have resulted in a negative dividend yield…
watchara_tongnoi For the fourth calendar quarter of 2023, an average partnership interest in Artko Capital LP was up 6.9% net of fees. At the same time, investments in the most comparable market indexes-Russell 2000 (RTY), Russell Microcap, and the S&P 500 (SP500, SPX) -were up 14.0%, 16.1%, and 11.7% respectively. For the calendar year of…
germi_p/iStock Editorial via Getty Images Introduction Aedifica (OTCPK:AEDFF) is a Belgian REIT focusing on healthcare real estate, with a very specific focus on nursing homes and other facilities for the aging population. Aedifica Investor Relations The REIT is active in multiple countries and as you can see below, there aren’t any major differences between the…
Jacob Wackerhausen/iStock via Getty Images Introduction I’ll admit when Innovative Industrial Properties (NYSE:IIPR) was the new hot thing on the stock market, I almost bought into the company for the appealing dividend. I watched the stock explode and trade near $300 before crashing back down to earth. I remember saying to myself, I’m glad I…
bymuratdeniz Quality Stocks The SPDR S&P 500 Trust ETF (SPY) posted a 5.22% return in February, extending its positive streak this year. Vanguard’s Dividend Appreciation Index Fund ETF Shares (VIG) locked in a lower gain of 3.41% last month. My watchlist underperformed both, posting a very weak return of 0.89%. After two strong months of…
This article was written by Follow Justin Law has a Ph.D in Chemistry from Rice University and has earned the CFA Institute Investment Foundations certificate. He applies his knowledge to deep value and dividend paying stocks. Justin is a contributor to the investing group The Dividend Kings where he curates the Dividend Champions list, a…
Yauhen Akulich/iStock via Getty Images Introduction On October 22, 2023, I wrote an article titled 2 Champs, 1 Winner: Energy Transfer’s 9% Yield Beats Enterprise Products’ 7% Yield.” Since then, Energy Transfer (NYSE:ET) shares have added roughly 7%, excluding dividends. After tremendous struggles during the pandemic and years with volatile oil and gas prices prior…
monsitj Financial markets have long been considered discounting mechanisms because of their tendency to move up or down in advance of real world economic developments they are supposed to reflect. Following the Great Financial Crisis, the Federal Reserve manipulated the discounting mechanism of the free market by reducing the cost of money to zero and…
James Osmond/The Image Bank via Getty Images Silvercorp Metals Inc. (NYSE:SVM) (TSX:SVM:CA) is a Canadian mining company with assets in China, primarily in the Ying and GC mining districts. It generates approximately 60% of its revenues from silver, 5% from gold, and the remainder from base metals like lead and zinc. A transformative acquisition There…
grinvalds Jerkiness isn’t as respectable as it used to be, not even in L.A. Which is why they had to build Vegas. ― Ross Macdonald Shares of online ticket exchange Vivid Seats Inc. (NASDAQ:SEAT) touched an all-time intraday low of $5.54 on February 2, 2024 as private equity overhang menaces. The shares have bounced back…
Jeremy Poland Goldman put out a research note last week suggesting that crude oil prices may range in the $70 to $90 zone, reaching a peak of $87 by mid-year. While anything can happen and I don’t place a very high weight on any single sell-side shop’s outlook, price action has turned more constructive for…
ALEAIMAGE/E+ via Getty Images This article was coproduced with Leo Nelissen. About a month ago, Sports Illustrated published a piece about one former Kentucky Wildcat dunking on another. One problem with (the University of) Kentucky putting a ton of talent in the NBA and G-League is that we often see some Kentucky-on-Kentucky crime when it…
JHVEPhoto/iStock Editorial via Getty Images Multinational Japanese drug company, Takeda Pharmaceutical (NYSE:TAK) reported a 4.6% (YoY) growth in Q3 2023 revenue in the 9 months to December 31, 2023. Sales grew to JPY 3.2 billion from JPY 3.0 billion in the prior year driven by positive foreign exchange moves (forex) and pipeline advancements. The stock…
Alex Wong/Getty Images News The Fed has tried to push back against rate cut expectations. Still, with financial conditions easing and inflation swaps pricing in higher inflation rates coming, the Fed needs to take back control of what is happening, specifically in the equity market, where it seems like a casino-like mentality has officially taken…
Astrid Stawiarz Pernod Ricard (OTCPK:PRNDY, OTCPK:PDRDF) is the second-largest spirits and wines company in the world. They sell well-known brands such as Absolut Vodka and Kahlua. Wines and champagnes make up a small proportion (~5% of sales), the company is mostly focused on spirits such as vodka, whiskey, and gin. These drinks are becoming increasingly…