Martin Barraud The Oakmark Global Select Fund (MUTF:OAKWX) (“the Fund”) returned 2.95% for the quarter, underperforming the MSCI World Index (net), which returned 8.88%. Since its inception in October 2006, the Fund has returned an average of 7.60% per year, outperforming the MSCI World Index’s return of 7.42% over the same period. Past performance is…
Trevor Williams By Scott Glasser | Michael Kagan | Stephen Rigo, CFA Paths to Outperformance Broaden Beyond Tech Market Overview The soft landing rally that took hold in November 2023 continued in 2024’s first quarter. The S&P 500 Index advanced in each month of the quarter, bringing the benchmark’s winning streak to five consecutive months…
yalcinsonat1 There is good reason to be disappointed with the Federal Reserve. It has gotten us into an awful economic mess as a result of its earlier ultra-easy monetary policy. That policy managed to create both an inflation and a financial stability problem. But the Fed has only one interest rate policy to address those…
Morsa Images/DigitalVision via Getty Images Nektar Therapeutics (NASDAQ:NKTR) has an interesting drug in its pipeline, rezpegaldesleukin (rezpeg), that has the potential to treat inflammation in a new way. The company is underway on a large study in atopic dermatitis, and recently announced it had initiated enrollment in another study in alopecia areata. This article takes…
PM Images Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a promising passive income investment with an international profile, a diversified portfolio, resilient FFO and a low FFO payout ratio. The focus on owning and operating regulated infrastructure assets leads to long-term FFO visibility, and the company has delivered impressive distribution growth over the last decade. Brookfield…
Gunther Fraulob NextEra Energy (NYSE:NEE) is an incredible dividend growth machine. The electric utility last declared a quarterly cash dividend of $0.515 per share, a remarkable 10% hike sequentially and $2.06 per share annualized for a 3.2% dividend yield. NEE has also guided to grow its dividend by at least 10% per year for the…
ClaudineVM/iStock via Getty Images Dear readers/followers, In this article, I’ll give you my first article on the AES Corporation (NYSE:AES). The company is a US-based utility with a potentially fairly decent upside. Like many of the utilities around the globe at this time, the company is fairly heavily weighted towards becoming a champion renewable player….
panida wijitpanya Thesis The iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) is an exchange traded fund, but its strategy is a very complex one. The first rule of investing is that one must understand what they buy. As per its own literature, DBMF: seeks to replicate the pre-fee performance of leading managed futures hedge funds…
Yongyuan Dai My Thoughts On The Apple x Baidu Gen AI Partnership On March 22nd, news broke that Apple (AAPL) has reportedly been in talks with Baidu (NASDAQ:BIDU) to leverage the Chinese company’s Gen AI platform for the iPhone in China. Such a deal, while still speculative, would make lots of sense for both parties….
MSRPhoto Investment Thesis At first glance, Medical Properties Trust (NYSE:MPW) seems like an undervalued dividend pick. It owns and leases 420 hospitals/clinics under “triple-net” contracts that pass all property-related costs (and responsibilities) to its 54 tenants, allowing it to run an impressive $18.3 billion portfolio with only 131 employees. As a REIT, it distributes most…
da-kuk Twilio (NYSE:TWLO) remains seemingly one of the few tech stocks which still trades at cheap valuations. That isn’t completely undeserved. The company has posted muted top-line growth during a period in which many tech peers have already begun to see some acceleration. Still though, there’s plenty of reasons to stick by the stock. The…
Aehr Test Systems (NASDAQ:AEHR) Q3 2024 Earnings Call Transcript April 9, 2024 5:00 PM ET Company Participants Jim Byers – IR, MKR IRGayn Erickson – President and CEOChris Siu – CFO Conference Call Participants Christian Schwab – Craig-Hallum Capital GroupJed Dorsheimer – William BlairLarry Chlebina – Chlebina Capital Operator Greetings. Welcome to the Aehr Test…
WD-40 Company (NASDAQ:WDFC) Q2 2024 Results Conference Call April 9, 2024 5:00 PM ET Company Participants Ross Cooling – Communications Manager, Investor Relations and Stakeholder EngagementSteve Brass – President and Chief Executive OfficerSara Hyzer – Vice President, Finance and Chief Financial Officer Conference Call Participants Daniel Rizzo – JefferiesLinda Bolton Weiser – D.A. Davidson Operator…
TERADAT SANTIVIVUT The US data calendar has been light to start the week. Today, the only release of note was the NFIB’s reading on small business sentiment. While the index was expected to tick up to 89.9 from 89.4 in February, it instead dropped to 88.5. That is the weakest reading since December 2012. Given…
SMART Global Holdings, Inc. (NASDAQ:SGH) Q2 2024 Earnings Conference Call April 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt – Investor RelationMark Adams – President and Chief Executive OfficerKen Rizvi – Senior Vice President and Chief Financial OfficerJack Pacheco – Chief Operating Officer and President of Memory Solutions Conference Call Participants Quinn Bolton –…
NeurAxis, Inc. (NYSE:NRXS) Q4 2023 Earnings Call Transcript April 9, 2024 4:30 PM ET Company Participants Ben Shamsian – IR, Lytham PartnersBrian Carrico – CEOTim Henrichs – CFO Operator Thank you for standing by and welcome to NeurAxis Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a…
AndrewJohnson/E+ via Getty Images The municipal bond market needs more attention from investors in a world where everyone is seemingly YOLOing into equities. If you agree, the Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) may be worth considering, as it’s a part of the muni market most wouldn’t necessarily consider. BAB is an exchange-traded fund, or…
Aziz Shamuratov /iStock Editorial via Getty Images Anheuser-Busch InBev SA/NV (BUD) is the largest beer brewer in the world. It owns well-known brands such as Budweiser, Stella Artois, and Hertog Jan in the Netherlands. The current company is a result of a large merger between SABMiller and Anheuser-Busch InBev in 2016 for a whopping $100B….
Daniel Grizelj The WD-40 Company (NASDAQ:WDFC) stock is a long-term name we have continued to hold, one of our longest-held positions. In our last update, we continued to suggest holding shares are pricey based on valuations metrics. However, the stock has been consistently “overvalued” on many of these metrics. The stock, despite all the movement…
Nearmap/DigitalVision via Getty Images Overview My recommendation for Madison Square Garden Entertainment (NYSE:MSGE) is a buy rating, as I have become more confident in the MSGE growth outlook, especially with the strong visibility through FY24 and FY25. Note that I previously issued a buy rating for MSGE as I expected performance to be in line…
Trygve Finkelsen/iStock Editorial via Getty Images Polestar (NASDAQ:PSNY), the producer of great-looking, premium electric vehicles and a spin-off from Volvo Cars (OTCPK:VOLAF), is facing intensifying competition and poor unit economics, and investors looking to invest in a potential turnaround by the company, should first read this article. History with Volvo Volvo Cars is a leading…
Hiroshi Watanabe/DigitalVision via Getty Images QuantumScape (NYSE:QS) is nearing the next phase of operations as it enters the final prototyping stage. The next phase will entail low-volume production, which is targeted to ramp by the end of 2024, followed by higher volume production in 2025. The firm currently has six automotive OEMs testing their A0…
grinvalds I covered Etsy (NASDAQ:ETSY) six months ago with a neutral outlook. At that time, I believed the stock was likely oversold after tumbling 80%, having a far superior “P/E” valuation than in the past. I believe ETSY was trading in a clear bubble pattern from 2020 to 2022 as investors overestimated its growth rate…
BitVM has recently come under some scrutiny after the Taproot Wizards, Tyler and Rijndael, posted their criticism of the liquidity requirements imposed on the operator of a BitVM based two-way peg. In all the recent discussions around BitVM based layer two solutions, I had taken for granted that people discussing them and interested in the…
Spencer Platt NEOS NASDAQ-100(R) High Income ETF (NASDAQ:QQQI) is the latest in the option income ETF world, offering a high yield, tax efficiency, and potential for capital appreciation. After researching the fund strategy, mechanics, and performing a risk analysis, I believe the fund is worth considering as an income investment for those looking for predictable…
PonyWang Summary Readers may find my previous coverage via this link. My previous rating was a buy as I believed Entegris’ (NASDAQ:ENTG) growth had bottomed, and gross margins would see expansion moving forward; with both factors driving an upward revision of its multiple. As of April 8th, the ENTG share price has touched my target…
dvan/E+ via Getty Images Overview Dividend aristocrats are companies that have increased their dividend payouts for a minimum of 25 years in a row. Achieving such a milestone creates a heightened sense of confidence for investors. Increasing dividends every single year for a long period of time means you get a higher yield on cost…
Kutay Tanir The Franklin FTSE Brazil ETF (NYSEARCA:FLBR) is designed to track the performance of the FTSE Brazil RIC Capped Index, providing exposure to Brazilian large- and mid-cap stocks. It has $161M in assets as of writing. It offers value, along with a fantastic yield profile. It also appears attractive versus a key competitor. However,…
PM Images By Mehdi Benatiya Andaloussi, Economist, World Economic Outlook Division of the IMF’s Research Department; Nina Biljanovska, Economist, Macro-Financial Division of the Research Department; Alessia De Stefani, Economist, IMF Research Department; and Rui C. Mano, Deputy Division Chief, IMF’s Research Department Effects may be delayed in some countries: if interest rates remain higher for…
serengeti130 Introduction It’s time to discuss a company I believe is one of the most underappreciated dividend growth stocks. That company is Huntington Ingalls Industries, Inc. (NYSE:HII), one of the largest defense constructors in the United States and the backbone of the Navy. I held the company for a while in my dividend growth portfolio…
At the Bitcoin Policy Summit in Washington DC today, U.S. Congressman Patrick McHenry (R-NC) emphasized the importance of the United States taking a leadership role in Bitcoin and not lagging behind in during a fireside chat with Club for Growth President David McIntosh. JUST IN: 🇺🇸 Congressman Patrick McHenry says the US needs to be a leader in #Bitcoin…
CR Today, we put Novo Nordisk A/S (NVO) in the spotlight. The stock has more than doubled since late 2022 as its entrée into the burgeoning weight loss market continues to power substantial growth. However, it faces stiffening competition from drug giant Eli Lilly and Company (LLY) as well as new entrants to this space…
Hiraman By Jeffrey Bailin, CFA & Aram Green Benchmark Concentration Even More Severe in Small Growth Market Overview Entering 2024, we were hopeful that, after a year of extreme relative underperformance versus large cap peers, conditions were aligning for a broadening market more favorable for small cap stocks. Thus far, it has been more of…
The second annual Bitcoin Policy Summit by the Bitcoin Policy Institute begins today in Washington, DC and features leading bipartisan lawmakers, Bitcoin experts and human rights advocates. Congressional representatives include Cynthia Lummis (R-WY), Kirsten Gillibrand U.S. Senator (D-NY), Wiley Nickel (D-NC), Marsha Blackburn (R-TN), and Majority Whip of the U.S. House of Representatives Tom Emmer (R-MN). The…
JHVEPhoto/iStock Editorial via Getty Images Introduction Britvic (OTCQX:BTVCF) (OTCQX:BTVCY) is a UK-based company that owns and produces its own drink brands but also has a 20-year agreement (running until 2040) with PepsiCo (PEP) to produce, bottle and market their products in the UK and Ireland (not just Pepsi and Pepsi MAX but this also includes…
XH4D/E+ via Getty Images In my last article about Nemetschek SE (OTCPK:NEMTF) published in August 2023 I was rather bearish (or at least very cautious) about the stock as an investment, and I wrote: Nemetschek already declined about 60% from its previous all-time high and this is already a steep decline. And right now, the…
Mireya Acierto/DigitalVision via Getty Images Today’s article dials in on Apartment Income REIT Corp. (NYSE:NYSE:AIRC), a U.S.-based REIT targeting upmarket residential units. The rationale for this thesis stems from Blackstone’s (NYSE:BX) agreement to acquire Apartment Income REIT Corp. in a deal worth a reported $10 billion. Apartment Income REIT Corp.’s market price surged by more…
PM Images Since the beginning of 2021, Kinder Morgan’s (NYSE:KMI) shares have been stuck trading sideways between $15 and $20. Shares have still not gotten back to their pre-pandemic levels, and we’re approaching a decade of relatively flat returns. Long-term investors who have held shares for more than a decade are probably displeased with KMI…
Vintage Business Man RyanJLane/E+ via Getty Images Growth and income: These are two of the main portfolio styles that investors tend to identify with. Many younger investors like high growth tech stocks, while older investors tend to prefer dividend stocks that bring in consistent income. Truthfully, there is no fundamental reason to choose between growth…
Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics MicroStrategy’s high-profile Bitcoin accumulation. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange, a diversified enterprise, revealed the Bitcoin buying initiative on X. The company cited hedging…
tupungato Crocs (NASDAQ:CROX) seems to be an off-the-radar company and might not appear as an enticing thesis, given its sector (footwear retailer) and debatable products – with several articles about how their brand reached a billionaire status selling “ugly shoes”. It happens that Crocs shares have turned out to be an excellent investment and continue…
Plan B The Biden administration is doubling down on efforts to cancel student loan debt, with a new initiative that is aimed at forgiving the bills of around 30M Americans. “While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive,” President Biden declared. “I’m not stopping.”…
Leon Neal I recently published my first research on British Oil & Gas Supermajor BP p.l.c. (NYSE:BP) in which I offered a deep dive into its US upstream subsidiary bpx. Given the asset’s disadvantage to key US E&P peers in terms of reserve makeup and cost competitiveness, I initiated BP at Underweight. Since then, shares…
Justin Paget For those waiting to pick the potential winners in the solar inverter bloodbath, Enphase Energy (NASDAQ:ENPH) is increasingly looking like the best bet. ENPH commands a notable premium to SolarEdge (SEDG) but a comparison of the competitors’ financial results tells two very different stories in spite of both facing the same headwinds. ENPH…
bernie_photo/iStock via Getty Images GAMCO Global Gold, Natural Resources & Income Trust (NYSE:GGN) invests in energy and natural resources with a short call option strategy for generating dividend cash. Over the past few years. our articles such as GGN: Prevailing Tailwinds Await The CEF, highlighted the importance of a fund such as this for taking…
hirun Summit Midstream Partners (NYSE:SMLP) is a company we discussed recently as a valuable investment, with a strong portfolio of assets. However, we also highlighted the company’s debt load as a risk. Since then, the story has changed. The company announced the sale of its Utica shale midstream assets for $625 million to longtime partner…
Luis Alvarez/DigitalVision via Getty Images Investment Thesis Maxeon Solar Technologies (NASDAQ:MAXN) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip. Not only are its revenues expected to shrink by 37% y/y, but more crucially, its net debt position has significantly increased. What’s more, the business’ underlying cash…
VioletaStoimenova H2 2023 Results During the second half of 2023, the Saga Portfolio (“the Portfolio”) increased 40.2% net of fees. This compares to the overall increase for the S&P 500 Index, including dividends, of 8.0%. For the full year 2023, the Portfolio increased 204.6% net of fees compared to the S&P 500’s 26.3%. The cumulative…
Trevor Williams Navigating market highs and (avoiding) value traps Last quarter, the S&P 500 Index hit a new high every month, as did each of our U.S. Funds. In March, I wrote a piece for our website discussing why new highs are important to us. On one of the recent new high days, I heard…
Avalon_Studio “Even the most intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham Back to Back With the end of the first quarter in the books, the S&P 500 Index return in Q1 totaled 10.56%. This double-digit return follows the fourth quarter 2023 return of 11.69%. Since…