FatCamera/E+ via Getty Images Introduction RCM Technologies (RCMT) is going to announce FY23 results on March 13th post-market (according to SA), so I wanted to check back in with the company and see how it has progressed throughout the year, and what to expect in Q4. The company’s financials have been relatively strong, with slight…
stephanie phillips/E+ via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (CEF) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical…
Maks_Lab February’s PMI surveys showed manufacturing business conditions improving for the first time in 18 months. The upturn provides a welcome indication that the goods-producing sector may be pulling out of the malaise it has been embroiled in after the post-COVID-19 reopening caused global demand to shift from goods to services. The upturn does, however,…
RicAguiar Elevator Pitch I rate Anhui Conch Cement Company Limited (OTCPK:AHCHF) [914:HK] as a Hold. The company is highlighted as a leading “cement producer in China” that boasts a “13% market share” by Fitch Ratings. My previous August 6, 2021 write-up touched on both the bull and bear thesis for Anhui Conch Cement. The focus…
baranozdemir By James Knightley, Chief International Economist Surprise ISM drop shows manufacturing woes continue We have had some surprisingly soft numbers out of the US this morning. The ISM manufacturing survey fell to 47.7 in February from 49.1 (consensus 49.5), contradicting the story told by the bulk of the regional manufacturing reports. That means we…
deepblue4you The strength of the “magnificent 7” stocks has created an unrivalled amount of top-heaviness in the market, providing a boon to passive investors in 2023. However, diversification has historically proven more critical in times of excess market concentration, and the combination of a soft economic landing and rate cuts will likely allow for attractive…
Alistair Berg/DigitalVision via Getty Images Cato Corporation (NYSE:CATO) is an American apparel retailer. The company’s stock is a deep value battleground because of its low EV and strong balance sheet coupled with dismal last-decade operational results. I analyze Cato’s brand value proposition in this review and discuss some operational challenges. The brand seems outdated, the…
~UserGI15994093/iStock via Getty Images Since our initiation of coverage, Positive Megatrends & Supportive Capital Allocation Priorities, Prysmian (OTCPK:PRYMF) delivered a >30% total return. Our team has already increased the target price to €43 per share, but after the results for the fiscal year 2023, the company is now > €46 per share. Our supportive equity…
da-kuk The weather may be cold during winter, but stocks were scorching hot last month, fueled in part by the surge in performance from AI (Artificial Intelligence) stocks. More specifically, the Dow Jones Industrial Average was up +2.2% to 38,996. The S&P 500 surged +5.2% to 5,096. And the AI-heavy Nasdaq index climbed the most…
The Cooper Companies, Inc. (NASDAQ:COO) Q1 2024 Earnings Conference Call February 29, 2024 5:00 PM ET Company Participants Kim Duncan – VP of IR & Risk Management Albert White – President and CEO Brian Andrews – CFO & Treasurer Conference Call Participants Craig Bijou – Bank of America Lawrence Biegelsen – Wells Fargo Jeffrey Johnson…
Acciona, S.A. (OTCPK:ACXIF) Q4 2023 Earnings Conference Call March 1, 2024 4:00 AM ET Company Participants Jose Manuel Entrecanales – Chairman and Chief Executive Officer Rafael Mateo Alcala – Chief Executive Officer, Acciona Energia Jose Entrecanales – Chief Financial and Sustainability Officer, Acciona Energia Jose Angel Tejero Santos – Chief Financial and Sustainability Officer Jose…
Violka08/iStock via Getty Images Bitcoin (BTC-USD) is back above $60k. Roughly seven weeks after spot ETF approvals in the United States, the coin has printed six consecutive monthly gains and a whopping 157% low to high return dating back to September 2023. Naturally, when Bitcoin rallies like this, stock market investors often look for equity-based…
Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q4 2023 Earnings Conference Call March 1, 2024 10:00 AM ET Company Participants Gabriel Salas – IR Leandro Garcia – CEO Juan Carlos Ortiz – VP, Operations Daniel Dominguez – CFO Roque Benavides – Chairman Aldo Massa – VP, Business Development & Commercial Renzo Macher – VP, Projects Conference…
Morgan Stanley Direct Lending Fund (NYSE:MSDL) Q4 2023 Earnings Conference Call February 29, 2024 10:00 AM ET Company Participants Michael Occi – Head of Investor Relations and Chief Administrators Officer Jeffery Levin – President and Chief Executive Officer David Pessah – Chief Finance Officer Orit Mizrachi – Chief Operating Officer Rebecca Shaul – Head of…
Ecopetrol S.A. (NYSE:EC) Q4 2023 Earnings Call Transcript March 1, 2024 9:00 AM ET Company Participants Ricardo Roa – CEO Alberto Consuegra – COO David Riano – VP of Low Emission Solutions Milena Lopez – CFO Conference Call Participants Ricardo Sandoval – Bancolombia Andres Duarte – Corficolombiana Juan Jose Munoz – BTG Pactual Andres Cardona…
JHVEPhoto/iStock Editorial via Getty Images Introduction Barclays PLC (NYSE:BCS) shares have enjoyed a very strong run post the release of the bank’s Q4 2023 result on 20 February 2024. The quarterly release was published alongside an Investor Update, in which management set out the group’s new strategy and financial targets. On 01 March 2024, Barclays…
Tero Vesalainen Introduction My September article made an investment case for East West Bancorp, Inc. (NASDAQ:EWBC) back when the stock was $53.43 per share. The stock is up significantly since then and the business hasn’t changed much, so I’m not as bullish. However, East West still has an interesting dividend yield of about 3%, which…
ktsimage Strategic Acceleration: Rocket Pharmaceuticals’ RP-A501 For Danon Disease Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) stock is up 76% since my “Buy” recommendation in August. The stock shot up in September on the heels of a public offering and some other news. Interestingly, the FDA and Rocket reached an agreement supporting the potential for accelerated approval based…
Michael Vi The Palantir Investment Thesis Data by YCharts Palantir Technologies Inc (NYSE:PLTR) was right on time with the introduction of Palantir AIP last year. And the stock has benefited greatly from that and has done very well so far. And the introduction of bootcamps to help potential customers understand how to apply AI and…
Nilang Kachare The 1995-like bullish thesis The stock market bulls argue that the current environment is similar to the environment in 1995, which is when the dot.com bubble started to form, and continued to inflate until March 2000. The bullish thesis is that the current AI-bubble is similarly in a very early stage, with possibly…
Tidewater Inc. (NYSE:TDW) Q4 2023 Earnings Conference Call March 1, 2024 9:00 AM ET Company Participants West Gotcher – Vice President of Finance and Investor Relations Quintin Kneen – President and Chief Executive Officer Piers Middleton – Chief Commercial Officer Sam Rubio – Chief Financial Officer Conference Call Participants Fredrik Stene – Clarksons Securities Connor…
manassanant pamai By Ewa Manthey, Commodities Strategist Fed policy remains key for gold Federal Reserve policy will remain key for the outlook of gold prices in the months ahead. US dollar strength and central bank tightening weighed on the gold market for most of last year. Swaps markets suggest investors don’t see much chance of…
ConstantinosZ/iStock via Getty Images Last March, I took JAKKS Pacific (NASDAQ:JAKK) to “Strong Buy” saying that its long-term story was intact and that the stock had been thrown into the deep discount bargain bin. The stock is up over 85% since then. More recently in December, I wrote that investors continue to not give the…
Ensign Energy Services Inc. (OTCPK:ESVIF) Q4 2023 Results Conference Call March 1, 2024 12:00 PM ET Company Participants Nicole Romanow – IR Bob Geddes – President, CEO Mike Gray – CFO Conference Call Participants Aaron MacNeil – TD Cowen Cole Pereira – Stifel Josef Schachter – Scatter Energy Research Keith Mackey – RBC Capital Markets…
The final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has just dropped, and it’s a good one. In sum, the EIA will voluntarily terminate the illegal EIA-862 collection action they initiated, and they will commit to destroying all the information that they have received and may still…
ArtistGNDphotography From my experience, some of the best investment returns come about when you marry the investment philosophies of value investing and contrarian investing. As an example of how this can prove to be a success, we need only look at the housing market. Around a year ago, I found myself bearish on the space…
Bloomberg/Bloomberg via Getty Images Don’t overstay your welcome. I regard CrowdStrike (NASDAQ:CRWD) as among the highest quality tech stocks in the market today. The company is a market-leading “consolidator” in the ever-relevant cybersecurity industry. The rise of generative AI has increased the long-term demand for cybersecurity products, especially best-in-class offerings like those from CRWD. Yet…
garett_mosher Starbucks Corporation (NASDAQ:SBUX) hasn’t been participating in the upside rebound of the overall broader market indexes over the last four months. Instead, shares of the coffee chain have been moving mostly sideways. Over the last six months, it’s been even more noticeable in terms of the divergence of SBUX relative to (SPY) and even…
MERLIN Properties SOCIMI, S.A. (OTCPK:MRPRF) Q4 2023 Results Conference Call February 29, 2024 9:00 AM ET Company Participants Ines Arellano – Investor Relations Ismael Clemente – Chief Executive Officer Miguel Ollero – Chief Operating Officer Conference Call Participants Celine Huynh – Barclays Stéphanie Dossmann – Jefferies Adam Shapton – Green Street Ferran Barniol – Kepler…
Leila Melhado Introduction In this article, we will be looking at Latin American giant MercadoLibre, Inc.’s (NASDAQ:MELI) recent Q4 earnings release. The fourth quarter typically is the strongest for companies operating in the retail industry. But at least at first glance, the results and the stock price action after the earnings were released might have…
Falcor We’re more than two thirds of the way through the Q4 earnings season for the Gold Miners Index (GDX) and it’s been a decent quarter overall. For starters, most producers enjoyed average realized gold prices at or above $1,970/oz, and while we have seen mixed results from a margin standpoint because of sticky inflationary…
Dragon Claws I perceived a remarkable investment opportunity when long-term yields surpassed 4.5%. I warned last month of a potential significant repricing of bonds as a result of unreasonable rate cuts that had already been priced in. Currently, favorable yields are present, but macro conditions have deteriorated for purchasing due to the following potential threats:…
J. Michael Jones/iStock Editorial via Getty Images Investment Thesis RTX Corporation (NYSE:RTX), formerly Raytheon Technologies, is an American defense contractor and aviation equipment manufacturer with a dominant footprint in both military and civilian sectors. In the defense sector, the United States and its NATO allies are ramping up their military spending in response to geopolitical…
Instant settlement profoundly transforms our behavior as it reconnects us with the elemental laws of nature. The existing paradigm mirrors the primal imperative of reaping benefits in exchange for labor–working to survive, but the pay-per-time system in the labor market is creating the incentive to get something for nothing. In the whole “fiat stack,” everyone…
Atlantica Sustainable Infrastructure PLC (NASDAQ:AY) Q4 2024 Earnings Conference Call March 1, 2024 8:00 AM ET Company Participants Santiago Seage – Chief Executive Officer Francisco Martinez-Davis – Chief Financial Officer Conference Call Participants Nelson Ng – RBC Capital Markets Mark Jarvi – CIBC Capital Markets Angie Storozynski – Seaport William Grippin – UBS Rupert Merer…
Major Drilling Group International Inc. (OTCPK:MJDLF) Q3 2024 Earnings Conference Call March 1, 2024 8:00 AM ET Company Participants Denis Larocque – President, Chief Executive Officer Ian Ross – Chief Financial Officer Chantal Melanson – Investor Relations Conference Call Participants James Vail – Arcadia Advisors Gordon Lawson – Paradigm Capital Brett Kearney – American Rebirth…
I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the additional introduction of public auditability. Traditionally in a multisig setup, participants of the multisig are…
Iryna Drozd/iStock via Getty Images Investors in The Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), who picked its steep pullback in October/November 2023, have done relatively well, as SCHD bottomed out resoundingly. I also urged investors to buy SCHD aggressively in November, assessing the ETF as a prime beneficiary in a further recovery as pessimism likely…
bombermoon/iStock via Getty Images When I last wrote about TG Therapeutics, Inc. (NASDAQ:TGTX) in November, I rated the company a buy based on the sales numbers from the company’s multiple sclerosis drug, Briumvi. I also noted the potential for the stock to fill a gap in the chart back to $20. The name did indeed…
Romain Maurice Celsius Holdings (NASDAQ:CELH), owner of the fastest-growing energy brand in the world, has seen its stock conquer a new all-time high, following a fourth-quarter revenue number that crushed expectations. In the words of the CEO, the energy drink category is now a three-team race. Fundamentally, the company is firing on all cylinders, with…
Drugs and the market There are many factors in setting drug policy, which often center around the benefits or detriments to a society and its economy. On one side stands regulation that can create new tax revenues, expand jobs, limit criminal behavior, and reduce costs related to enforcement. On the other side, arguments have been…
littleclie By Carsten Brzeski With inflation dropping further and the eurozone economy remaining weak, the debate on rate cuts will be more heated than ever at the 7 March ECB meeting. However, stubborn underlying inflation, particularly services inflation, uncertainty regarding wage developments and the never-ending confidence in an economic rebound in the eurozone will prevent…
Believe_In_Me As I am writing, the first race of the 2024 F1 season, the Bahrain Grand Prix, is only days away (the race will be held on Saturday, March 2nd instead of the usual Sunday due to the start of the Islamic holy month of Ramadan on March 10th and the need to have no…
Douglas Rissing/iStock via Getty Images A client asked me to look into some ETFs that he heard follow the investments made by members of Congress that are able to invest on inside information related to legislation. After researching the question, this is what I wrote to him: You asked about ETFs that track the investments…
Andrii Dodonov By Marc Uy Issues like water scarcity are felt most intensely at the local level. That makes it incumbent on municipal bond issuers to lead the response. Municipal bond issuers are responsible for building and supporting the physical infrastructure and the public goods and services that enable citizens to participate more in an…
napong rattanaraktiya/iStock via Getty Images Elevator Pitch Jamf Holding Corp. (NASDAQ:JAMF) stock is rated as a Hold. Previously, I evaluated Jamf’s financial performance for the third quarter of the prior year with my November 9, 2023 initiation article. I draw attention to JAMF’s latest quarterly results and its outlook in the current write-up. Jamf’s Q4…
matejmo Dear Partners, In Q4 2023, the Voss Value Fund, LP and the Voss Value Offshore Fund, Ltd., returned 19.4% and 18.6% to investors net of fees and expenses, respectively, compared to 14.0% total return for the Russell 2000 (RTY), 15.3% total return for the Russell 2000 Value, and 11.7% total return for the S&P…
pcess609 This monthly article series reports sector metrics in the S&P 500 index. It is also a top-down analysis of all ETFs based on the S&P 500. Fast Facts on BBUS JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) was listed on 03/12/2019 and tracks the Morningstar® US Target Market Exposure Index. This large and mid-cap index…
BackyardProduction/iStock via Getty Images Last April, I started Crown Castle (NYSE:CCI) with a “Hold” rating, saying that while its small cell business could be a nice growth differentiator, that it faces headwinds in 2025 from the T-Mobile (TMUS) and Sprint merger. The stock is about breakeven since then, compared to a 16% gain in the…
champc Introduction I’ve written three articles on SA about industrial equipment company TerraVest Industries (OTCPK:TRRVF) (TSX:TVK:CA), the latest of which was in August 2023 when I said the Q3 FY23 financial results were disappointing, and that the valuation was starting to look stretched. In my view, the Q1 FY24 financials were strong thanks to recent…