Richard Drury By Hope Crystal The U.S. agency’s final rules for vehicle emissions give manufacturers more time to transition to electric fleets, but set ambitious standards for the future. Last month, the U.S. Environmental Protection Agency announced finalized rules on vehicle emissions that will reduce air pollutants that apply to passenger cars, light-duty trucks and…
PhonlamaiPhoto The semiconductor industry has boomed since the beginning of 2023, riding the tailwinds of OpenAI’s introduction of ChatGPT to the market, which sparked the generative AI revolution. Applied Materials (NASDAQ:AMAT) has ridden that wave higher; the stock was up 68% in 2023 and, as the following chart shows, was up 25.50% in 2024 as…
Thomas Barwick Investment Thesis Since my last publication in December 2022, CrowdStrike (NASDAQ:CRWD) has delivered impressive FY24 results, driven by robust new customer acquisitions and increased module adoption. Furthermore, the company’s trajectory towards achieving GAAP profitability by FY25 underscores the strength of its profitable business model. With CRWD’s sustained sales momentum, I project a revenue…
designer491 The Glories of the Algo According to many sources (“Wall Street gone wild”) high frequency, algorithmic trading accounts for as much as 70% of the volume in stocks traded on the U.S. exchange. This is a primitive application of artificial intelligence. Essentially, a human being is programming a computer to be on the lookout…
Grigorenko/iStock via Getty Images TechnipFMC Plc (NYSE:FTI) has gained momentum with shares up more than 25% just over the past month and currently trading near a five-year high. Beyond a resurgence in the energy sector with the price of oil rallying to start the year, the story is a backdrop of strong operating and financial…
PictureNet Corporation A family friend who knows I worked in finance recently asked me about Wheels Up Experience Inc. (NYSE:UP). He saw that the company was recently featured as a weekly top gainer by Seeking Alpha and knew several celebrities like Tom Brady had endorsed it, so he wondered if now might be a good…
Irina Gutyryak/iStock via Getty Images Introduction As most of my regular readers will know, I always try to incorporate the “bigger picture” into my research, as this allows me to get a good understanding of factors that may impact the stocks in our portfolios and on our watchlist. One of the most important things to…
mrsmuckers Overview Aflac (NYSE:AFL) remains a strong dividend growth company, despite the price underperforming the S&P 500 (SPY). I previously covered Aflac in December of 2023 and since then the total return has been a bit underwhelming at approximately 6%. This is in comparison to the S&P’s total return of nearly 10%. However, if you…
Anthony Bradshaw In a stunning rally, both gold and gold mining companies have surged since late February. Major buying of the precious metal by central banks around the world and concerns over the growing global debt burden have drawn investors into this often risk-off commodity. Hopes for a Fed rate cut is another macro tailwind….
FabrikaCr/iStock via Getty Images At what point should a company simply wind up operations and liquidate? There comes a time when certain companies seemingly no longer have a realistic path to generating shareholder value. In such cases, the best course of affairs may simply be to close the operating business and return the remaining cash…
simonkr When I last wrote about MSC Industrial (NYSE:MSM) in the fall of 2023, my view on the company was balanced between commendable ongoing execution and my worse-than-consensus expectations for short-cycle manufacturing, and particularly among smaller manufacturers. Both of those drivers have continued to play out, leading to a lackluster share price performance since my…
Gold Flora Corporation (OTCPK:GRAM) Q4 2023 Earnings Conference Call April 8, 2024 6:00 PM ET Company Participants Laurie Holcomb – Chief Executive OfficerMarshall Minor – Chief Financial Officer Conference Call Participants Jesse Redmond – Water Tower ResearchBobby Burleson – CanaccordScott Fortune – ROTH MKMPablo Zuanic – Zuanic & AssociatesHoward Penney – Hedgeye Operator Good afternoon,…
Leading Bitcoin advocates, academics and a bipartisan coalition of United States policymakers are set to gather at the National Press Club Ballroom in Washington, DC for the second annual Bitcoin Policy Summit hosted by the Bitcoin Policy Institute (BPI). Bitcoin Magazine is partnering with BPI to host a live stream of the event on its…
High Arctic Energy Services Inc. (OTCPK:HGHAF) Q4 2023 Results Conference Call April 8, 2024 5:00 PM ET Company Participants Michael Maguire – CEOLonn Bate – Interim CFO Conference Call Participants Josef Schachter – Schachter Energy Research Services Inc. Operator Good afternoon, ladies and gentlemen. Welcome to the High Arctic Energy Services 2023 Q4 Results Conference…
georgeclerk/E+ via Getty Images End of January this year, I published an article on Tesla, Inc. (NASDAQ:TSLA) outlining a rather bearish case, where it boiled down to just too rich valuations for the situation in the underlying fundamentals. Already back then, the Q4, 2023 results indicated several signs of a more challenging road ahead with…
Khanchit Khirisutchalual monday.com (NASDAQ:MNDY) is a relatively new position in my portfolio. After updating my valuation following Investor Day in Dec-23 and the guidance provided in the February Q4-23 earnings call, I rate the stock a BUY with a $277/share 1Y price target (+29% 1Y upside). At these levels, the company is a compelling investment…
PM Images Shares of FS KKR Capital Corp (NYSE:FSK) were declining into their Q4 2023 earnings report and dramatically sold off after they Q4 numbers were published. Shares of FSK had declined by -$1.14 (-5.49%) from January 4th through February 26th, then immediately after their Q4 earnings hit the street, shares declined another -$1.15 (-5.86%)…
Yuji Sakai Kaiser Aluminum Corporation (NASDAQ:KALU) recently reported better than expected quarterly earnings, and the outlook for 2024 includes net sales growth and EBITDA growth. With a diversified product offering, KALU also promised net debt/EBITDA reduction, lean manufacturing, and other operational efficiency efforts, which may bring net income growth and dividend growth in the coming…
The Road Ahead ricardoreitmeyer/iStock via Getty Images Investment Thesis LXP Industrial Trust (NYSE:LXP) is an industrial REIT. Their 112 building, 54 million square foot portfolio of modern single-tenant warehouse and distribution industrial properties is focused in the Sunbelt and Midwest. Currently trading at 13% above the low and 45% below the high for the last…
kenneth-cheung Note: I have covered Perion Network Ltd. (NASDAQ:PERI) previously, so investors should view this as an update to my earlier articles on the company. As some readers might remember, I have pounded the table for Israel-based provider of digital advertising solutions Perion Network or “Perion” several times in the past. However, I downgraded the…
Tony Anderson The Scotts Miracle-Gro Company (NYSE:SMG) (“Scotts”) is at a turning point, navigating through a turbulent period. While Scotts is trending in the right direction, its stock price seems to have gone much further ahead than the actual business recovery. Since February 7, 2024, when the 2024 Q1 financial results were released, Scotts’ stock…
Corri Seizinger/iStock via Getty Images Evidence is mounting that the gold rally is ready for an intermediate term correction. New investors shouldn’t buy gold or gold ETFs now; better prices lie ahead. Current holders should lighten gold positions by 30% if prices move any higher. We have a maximum upside target of $2,450, which is…
BlackJack3D Leveraging Breadth for the New Plaftormization Strategy Since 2022, Palo Alto Networks (NASDAQ:PANW) has presented its business as three divisions, that are now referred to as platforms – Network Security, Cloud Security, and SecOps. Each division has acquired a significant number of leadership accolades from market analysts, such as Gartner and Forrester. Palo Alto…
Nyaaka Photo/iStock via Getty Images The company has become the latest in a recent string of China-related innovative drug makers to be purchased by larger foreign buyers. After years of trying to go it alone, innovative Chinese drug makers may finally be starting to realize it’s much easier to have a wealthy parent to look…
MF3d Investment Thesis NVIDIA Corporation (NASDAQ:NVDA) has been the wonder of the past 12 months, becoming a household name amid the artificial intelligence (“AI”) revolution. Over a short period, it has become a trillion-dollar empire designing and developing chips that make AI work. Following the rally, Nvidia has become the third largest company behind Apple…
ipopba Investment Thesis AppLovin Corporation (NASDAQ:APP) is a mobile advertising company. AppLovin provides services for mobile app developers and advertisers. In simple terms, it helps app developers make money from their apps by showing ads to users. In essence, AppLovin acts as a middleman between app developers who want to monetize their apps and advertisers…
Photitos2016/iStock via Getty Images Rekor Systems (NASDAQ:REKR) is a company providing AI-driven hardware and software technology that gathers mobility data from transport activities to deliver roadway intelligence. REKR changed its name from Novume Solutions in 2019, and the stock appears to have gone public at a price of $2 in 2017. All-time return since then…
Colin Anderson Productions pty ltd Listen below or on the go on Apple Podcasts and Spotify Jamie Dimon casts doubt on a soft landing, says AI akin to the steam engine (0:16) Stocks face trouble if the 10-year hits 4.8%. (2:21) How fast could a Tesla Robotaxi hit the road? (4:42) This is an abridged…
Most people who understand bitcoin know that there are two kinds of bitcoin. One is bitcoin, the asset which has a fixed supply and is quite volatile, and the second kind of Bitcoin, the network and protocol that maintains an immutable ledger that has never been hacked and is bullet proof, bomb proof and tank…
itchySan Earl in 2023, I believed that Trex Company, Inc. (NYSE:TREX) had seen a tougher 2022 than it previously thought. Despite these concerns, driven by tough comparables, higher interest rates, and a resulting softening housing market, I was upbeat on the long term secular growth story, with its composite products gaining market share compared to…
Gorilla Technology Group Inc. (NASDAQ:GRRR) Q4 2023 Results Conference Call April 8, 2024 8:00 AM ET Company Participants Cody Fletcher – Investor Relations, Blueshirt GroupJay Chandan – Chief Executive Officer & ChairmanDaphne Huang – Chief Financial Officer Conference Call Participants John Roy – WTRMike Latimore – Northland Capital MarketsBrian Kinstlinger – Alliance Global PartnersBrett Knoblauch…
Kutay Tanir MercadoLibre, Inc. (NASDAQ:MELI) is LatAm’s leading e-commerce and fintech platform, with Brazil as its primary growth and profitability driver. The company has continued its bustling post-pandemic growth momentum, capitalizing on a largely untapped TAM, particularly in fintech. MercadoLibre has also successfully fended off incursions from Amazon (AMZN) over the years as it continued…
Michael H Exxon Mobil Corporation is the titan of the oil industry. I wrote an article a couple of months ago explaining why I thought that the American Energy Titan was slated to dominate the last chapter of the Energy industry. Furthermore, that chapter is likely to be longer than a lot of folks appear…
Anthony Scaramucci, founder of major investment firm Skybridge Capital, predicted a Bitcoin price target of $170,000 in the current cycle during an appearance on CNBC’s Closing Bell. NEW: Skybridge’s Anthony Scaramucci says #Bitcoin halving is still not priced in. Predicts “$170000 for this cycle.” 🚀 pic.twitter.com/0uE4EAmwgS — Bitcoin Magazine (@BitcoinMagazine) April 8, 2024 Scaramucci has…
Thomas Barwick As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded…
Bitcoin is a decentralized and finite digital currency, it’s verifiable by anyone anywhere in the world. This is the chief reason people have any interest in holding it at all. No one can dilute the supply, no one can counterfeit Bitcoin, it just works as an autonomous system that cannot be interfered with. So how…
mikkelwilliam Co-Authored with Total Return Investor Revisiting Julia 2023 The concept of an All-Weather Portfolio – a portfolio that can perform satisfactorily in any market conditions, without any need for buying or selling – is not a new one. The “60/40” portfolio – 60% stocks, 40% bonds – is an idea that’s been around since…
Thomas Barwick/DigitalVision via Getty Images Stocks took a breather last week, as investors interpreted labor market data for March as too strong to allow the Fed to start lowering interest rates by June. The Job Openings and Labor Turnover Survey (JOLTS) revealed a small increase in the number of jobs available. The ADP report showed…
nipastock/iStock via Getty Images GWW Will Hold Its Ground I discussed W.W. Grainger (NYSE:GWW) in the past, and you can read the previous article here, published on November 5, 2021. Since then, the company has strengthened its infrastructure, manpower, and customs capabilities. It has improved the MonotaRO online channels in the US and Japan and…
FatCamera Investment Thesis The investment potential of High Tide (NASDAQ:HITI) lies in its possibility to be a long-term compounder, driven by the strategic allocation of free cash flow toward the expansion of new stores. Thereby realizing more free cash flow to have the funds to open stores at an even higher pace. In the subsequent…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin’s revolutionary Lightning Network has seen two major rollout initiatives begin in the last month, with…
mbbirdy Investment thesis AppLovin’s (NASDAQ:APP) stock has rallied by almost two times since inception in 2024, but my valuation analysis suggests that the valuation is still very attractive. The company operates a high-quality business model, its revenue growth and profitability improvement dynamics are impressive. The company appears to be in a pole position in the…
ChrisHepburn/iStock Unreleased via Getty Images Back in June, I rated the Manchester United plc (NYSE:MANU)a buy on account of the possibility of a takeover offer. Since then, the stock trades around 20 percent lower. That does not take into account that, in the meantime, a tender offer was indeed made – just not for all…
Some of China’s biggest asset managers are using Hong Kong subsidiaries to enter the Bitcoin ETF market, according to recent reports. JUST IN: 🇨🇳 $284 billion China Southern Fund has reportedly applied to launch spot #Bitcoin ETF via Hong Kong. You can't stop an idea whose time has come 🙌 pic.twitter.com/rnHOuRoY7V — Bitcoin Magazine (@BitcoinMagazine) April…
Kenneth Cheung Investment Thesis PDD Holdings (NASDAQ:PDD) delivered very strong results. The company is extremely secretive and keeps its prospects very close to its chest. By the details we can glean, we can see a company that is growing at such a rapid pace, with such strong free cash flows, that paying approximately 13x forward…
PhotoTalk Thesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company’s diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if…
wimagine/iStock via Getty Images Fundamentals The discussions within the BRICS bloc about creating an alternative payment system signify a significant geopolitical shift with far-reaching economic implications. Led by Russia, this move underscores a growing desire among emerging economies to reduce dependence on the United States and the dollar-dominated financial infrastructure. The BRICS bloc, now expanded…
travelism/E+ via Getty Images Investment Thesis Vanguard Communication Services ETF (NYSEARCA:VOX) warrants a buy rating due to the strong potential for its top holdings to outperform the market overall. Technological advances for Meta Platforms, Inc. (META) and Alphabet Inc. (GOOG) (GOOGL), as well as expected growth for streaming services, will drive strong returns for VOX…
sommart/iStock via Getty Images Unum Group (NYSE:UNM) has positive momentum going for it as the stock is up 17.6% so far year-to-date. The stock has an attractive valuation, leaving more upside potential in 2024. Unum’s steady revenue and earnings growth make for a stable dividend investment. Unum Group is a $10 billion market cap company…
Sundry Photography In my initiation report published in July 2023, I discussed IDEXX’s (NASDAQ:IDXX) recession resistant business model and their overpriced valuation. Since then, their stock price has underperformed compared to S&P 500 Index return. They finished FY23 with 8.8% organic revenue growth and 25% operating profit growth, maintaining strong growth momentum from both volume…