Ingenious Buddy Three IPOs debuted this past week. Three IPOs and one SPAC submitted initial filings this week. Product assessment services provider UL Solutions (ULS) priced its upsized IPO above the midpoint to raise $946 million at a $5.7 billion market cap. UL Solutions provides testing, inspection, and certification (TIC) services and related software and…
Bjoern Wylezich/iStock Editorial via Getty Images Dear readers/followers, Metro AG (OTCPK:MTTWF) has been one of those stocks I have been following for quite some time – but never really bought. It’s been on a rollercoaster of divestments, issues, and other structural problems for the past 5 years. The Russian invasion of Ukraine was another problem…
Morsa Images Investment summary My recommendation for Marvell Technology (NASDAQ:MRVL) is a buy rating. I believe the worst of the cycle is over for MRVL, and it should start to enter the upcycle as early as 2H25, which should drive strong growth acceleration in FY26. Over the long term, I am also bullish on MRVL’s…
Sundry Photography In my view, investors should fully embrace the volatility that is shaking the markets right now. Though the majority of investors are hooked into interest rate-driven headlines and continued speculation over the pace of rate cuts this year, volatility is also a great time for investors to scoop up big movers in single…
Baloncici Summary Following my coverage of Tesco (OTCPK:TSCDY), for which I recommended a buy rating due to my expectation that TSCO will see its valuation multiples if its business performance continues to improve, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for TSCO…
Citigroup Inc. (NYSE:C) Q1 2024 Earnings Conference Call April 12, 2024 11:00 AM ET Company Participants Jennifer Landis – Head of IRJane Fraser – CEOMark Mason – CFO Conference Call Participants Mike Mayo – Wells FargoGlenn Schorr – EvercoreBetsy Graseck – Morgan StanleyJim Mitchell – Seaport GlobalEbrahim Poonawala – Bank of AmericaErika Najarian – UBSJohn…
J Studios Investment Thesis BigBear.ai Holdings, Inc. (NYSE:BBAI), which provides advanced analytics solutions and AI, is overvalued. To further confound matters, I believe that in the next twelve months, BigBair.ai will be forced to raise funds by diluting investors. Ultimately, I contend that over the next few quarters, investors will look back to BBAI at…
Olena_T We’ve seen some broadening of the market in 2024 compared to 2023. Hopefully, that’s a sign of a move higher with greater participation from sectors other than technology. If inflation eventually decreases, the Fed will likely cut rates, which should help companies with their earnings growth. As a result, cyclical stocks, including industrials, financials,…
tadamichi What is driving this stock market melt-up that is not underpinned by extraordinarily strong fiscal flows and runs in the face of the usual seasonal patterns? The table below shows the US sectoral balances up to the last month. The information is prepared from the US national accounts. US Treasury and Author calculations In…
KULR Technology Group, Inc. (NYSE:KULR) Q4 2023 Earnings Call Transcript April 12, 2024 4:30 PM ET Company Participants Stuart Smith – Investor RelationsMichael Mo – Chief Executive OfficerShawn Canter – Chief Financial Officer Conference Call Participants Theodore O’Neill – Litchfield Hills ResearchMichael Legg – Benchmark Company Stuart Smith Welcome everyone to the Full Year 2023…
MCCAIG Stubbornly strong economic data has led to significant shifts in market expectations for when, and how quickly, the Federal Reserve will begin cutting policy rates. Our own forecast is now for the first rate reduction to come in September, but the complications of starting an easing cycle just before the U.S. Presidential election does…
Anthony Bradshaw Gold prices continue to surge. The spot price of the precious metal touched $2,400 per ounce on Friday, April 12, a new record. It comes after a years-long consolidation that frustrated many investors seeking diversification and safety from geopolitical risks and ballooning US federal debt. With a decisive breakout above $2100 per ounce…
JHVEPhoto/iStock Editorial via Getty Images Business Overview I initiated coverage of Charles Schwab (NYSE:SCHW) in August of 2023 with a Strong Buy rating at the price of $56.46. Schwab has outperformed the S&P since, posting a 25% total return vs. 16% from the index. Historically, Schwab has outperformed the wider index marginally and industry peers…
Olemedia Shares of UL Solutions Inc. (NYSE:ULS) have seen a very successful initial public offering, as shares are trading up 20% on their first day of trading, in what generally was a downbeat day for the market. I understand why investors are upbeat on the business, as the testing company has seen solid and reliable…
Daniel Grizelj Small-caps have been terrible performers relative to large-caps. Value has been a terrible style performer relative to growth. But the one fact pertaining to all conditions is that they will change. At some point, both small and valuable I believe should lead again. And if you agree, then the Vanguard Russell 2000 Value…
dani3315/iStock via Getty Images TG Therapeutics Inc. (NASDAQ:TGTX), saw its multiple sclerosis drug BRIUMVI approved by the FDA at the end of 2022 and the launch began in January 2023. There was no shortage of results in the same year, and new partnerships were consolidated for marketing outside the US. Based on the results achieved…
EschCollection/DigitalVision via Getty Images This is a key season for regional bank earnings. Concerns over higher for longer interest rates, consumer credit debt, delinquencies, 7% plus mortgage rates, and a brewing issue with commercial real estate exposure have combined to generate a lot of anxiety. Of course, not all banks cater to the same type…
PM Images If you find yourself in a similar situation as I am, with over 30 years to go before retirement, prioritizing dividend compounders might prove to be a superior strategy, than chasing high-yield stocks. The key criteria for my investing style is to benefit from both capital appreciation and dividends (reinvesting back in the…
Jonathan Kitchen/DigitalVision via Getty Images Overview The latest CPI report released, and the overall sentiment leads to a lower chance of interest rate cuts. The original probability of interest rate cuts before the March CPI report was around the 56% mark but has now dropped to an 18.5% chance of rate cuts by the end…
David Tran Introduction There aren’t many financial stocks that readers bring up as often as BlackRock (NYSE:BLK), the financial giant that has become one of the titans of the modern financial world. It’s no surprise that readers keep bringing up this stock: It is the biggest ETF provider in the world, even beating Vanguard. While…
J Studios Investment Thesis I think it is safe to say that Pfizer Inc. (NYSE:PFE) is probably one of the least wanted stocks, not only in the pharmaceutical complex of stocks but in the broader view of the market. Pfizer has been plagued by a myriad of issues that are posing severe headwinds for the…
Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development. Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is – why are only @BitwiseInvest…
ROMAOSLO/E+ via Getty Images Opener Since its spinoff in 2001, Addtech AB (publ.) (OTCPK:ADDHY) has been a massive winner for patient shareholders. The stock has compounded mainly because of its culture, its business formula, its care for shareholders, and lots of growth. In my view, it will not stop now and has plenty of growth…
In this article, I offer a trade idea: short junk bonds with put options. I also suggest a hedging strategy that should help mitigate the cost of the trade. I think this is a very low-risk trade with big potential upside. After explaining the details of the trade, I will discuss the economic assumptions that…
Monty Rakusen If you look at our track record on Seeking Alpha over the last few years, it’s one that we’re generally proud of. We’ve had a number of great calls that (we hope) have helped investors identify opportunities in the market and build wealth. However, we’re not perfect, and every so often, we produce…
HAYKIRDI Rather than its usual Analyst Day held at its Houston headquarters, Enterprise Products Partners L.P. (NYSE:EPD) hosted a short, one-hour update call on April 3. I always recommend people at least read through the Analyst Day slide deck or try to catch part of the calls, as Enterprise often does an impressive job of…
primeimages Energy Transfer LP (NYSE:ET) is among the largest midstream companies, with a market capitalization just over $50 billion. The company has a dividend just a hair over 8%, and its share price remains near 52-week highs. The company has continued to invest in its growth and income generation, making it a valuable long-term investment….
Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. You don’t often see the term “Roth IRA” trending online,…
JPMorgan Chase & Co. (NYSE:JPM) Q1 2024 Earnings Conference Call April 12, 2024 8:30 AM ET Company Participants Jamie Dimon – Chairman & Chief Executive OfficerJeremy Barnum – Chief Financial Officer Conference Call Participants Betsy Graseck – Morgan StanleyJim Mitchell – Seaport GlobalJohn McDonald – Autonomous ResearchEbrahim Poonawala – Bank of AmericaErika Najarian – UBSKen…
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis My investment thesis for TriNet Group, Inc. (NYSE:TNET) hinges on customer growth, particularly in Worksite Employees (WSEs). Zenefits has opened up a new market for TriNet while improving the PEO business. New sales growth and retention improvement will be the foundation upon which TriNet can deliver market-beating returns….
PM Images Shareholders of AbbVie Inc. (NYSE:ABBV) should be thrilled with its overall results, as just the appreciation over the past decade has outperformed the market. Shares of ABBV have appreciated by 248.90% over the past decade and by 104.87% over the past 5 years. The SPDR S&P 500 ETF Trust (SPY), which is what…
Quantum Cats is a collection of 3333 Ordinals Inscriptions that evolve over time, to reveal different artwork.This is the first ever collection of Inscriptions that will evolve over time, and was created in a time of high fees and an unpredictable future fee market. This is not an article about the aesthetic virtues of the…
SolStock Thesis Gambling.com Group Limited (NASDAQ:GAMB) is a small-cap company that mainly focuses on affiliate marketing in both the U.S. and European markets, targeting iCasino and sports betting operators. In my perspective, considering the high growth rates of sports betting and online casinos in the U.S., GAMB is likely to benefit from the favorable environment…
Adam Gault/OJO Images via Getty Images Introduction British American Tobacco (NYSE:BTI) caught my attention due to its especially high dividend yield, so I wanted to take a look at the company’s financials and give some opinion on why the shares might be trading at such depressed levels, and why it may continue for a while…
Apple Store at 5th Ave in Manhattan, New York City ozgurdonmaz I sold all of my Apple (NASDAQ:AAPL) stock earlier this year. I had bought the stock in 2022, at prices between $130 and $150, with an average cost around $145. My opinion on the stock did not change between the time I bought it…
Hiraman Can ETFs and stocks coexist in a portfolio and make that portfolio better? ETF or index ETF investing versus do-it-yourself dividend growth investing is always a big debate. You know I favor stock investing, but I keep an open mind. There is room for ETFs even if you invest in stocks. I see both…
simonkr/E+ via Getty Images These are interesting times for the electric vehicle market. As I just wrote about in an article published recently, Rivian Automotive (RIVN) seems to be facing an existential crisis, while other companies like Ford Motor Company (F) are bracing for weak demand. Increased competition is pushing prices down, and consumers are…
Richard Drury Article Thesis The electric vehicle industry appeals to many investors, but one company – Tesla (TSLA) – is getting most of the attention, partially due to ambitious goals when it comes to developing autonomous driving vehicles and robotaxis. But there are many other EV companies that could be of interest to investors as…
PM Images Introduction This article reviews the Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO). While I have come across numerous US equity momentum ETFs, this is my first that applies that strategy to International stocks. Momentum investing has been studied for years and its success runs counter to the Efficient Market Hypothesis that states earning…
djgunner Brown & Brown Insurance (NYSE:BRO), despite its ticker, was founded by a father-son team, which the Brown family continue to lead, with attractive returns for shareholders. Total Returns Last 10Y (Seeking Alpha) One can’t help but wonder what their secret sauce is. I decided to take a look, and from what I can tell,…
Sunshine Seeds Note: I previously covered Impala Platinum (OTCQX:IMPUY) in November 2023. I discussed the company’s strengths: excellent capital structure, quality assets, and cheap valuation. At the time of publishing, it was too early to buy. Over the last few months, the narrative about PGMs has been shifting. Automotive companies are backing down from BEV…
The International Monetary Fund (IMF) is reportedly demanding changes to El Salvador’s pro-Bitcoin law, hindering the country’s attempts to secure a $1.4 billion credit line as reported by Infobae. NEW: 🇸🇻 IMF reportedly demands changes to El Salvador's #Bitcoin law for a $1.4 billion aid. They're scared 🙌 pic.twitter.com/vmqhts5dCY — Bitcoin Magazine (@BitcoinMagazine) April 12, 2024 El…
Richard Drury Introduction Healthcare REITs have held strong, more so than their retail peers over the past year. Those like CareTrust REIT (CTRE), Omega Healthcare Investors (OHI), and Sabra Health Care REIT (SBRA) are all in the green. But there is one REIT in the healthcare sector, Healthpeak Properties (NYSE:DOC) whose share price decline double-digits…
Jonathan Kitchen By Nikhil Mohan, Economist, Franklin Fixed Income On a monthly basis, US headline and core Consumer Price Index (CPI) topped expectations-both rising 0.4%. The core measure has now risen at that pace for three successive months. While the pace of increase remained unchanged at 0.5% for core services (which is still more than…
Sundry Photography It’s interesting how market cycles play out. 25 years ago, Cisco Systems (NASDAQ:CSCO) was arguably the hottest stock in the world. At one point, it briefly obtained the title of being America’s largest market cap company with its valuation touching $500 billion at the peak. At the time, investors were betting on a…
Monty Rakusen/DigitalVision via Getty Images Investment Thesis Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) is a cyclical company. At the same time, it is facing declining shipments. Its better performance in 2023 was due to the unusually high product prices that resulted from unusually high raw material prices. Raw material prices are coming down and…
ryasick Investing in corporate credit at this point in the cycle is risky to me, given just how narrow credit spreads are. Having said that, there is still opportunity, so long as you access the space by limiting exposure to overpriced and vulnerable bonds. That’s why the BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) is…
Alistair Berg/DigitalVision via Getty Images Investment Overview Redwood, California-based Revolution Medicines (NASDAQ:RVMD) IPO’d in February 2020, raising ~$238m via the issuance of ~14m shares priced at $17 per share. Across the past 4 years, although none of the specialist drug developer’s active programs have progressed beyond the Phase 1 clinical study stage, Revolution’s share price…
Luis Alvarez/DigitalVision via Getty Images Introduction Despite continually posting strong numbers, Franklin Covey (NYSE:FC) doesn’t ever seem to get the love it deserves. Per my anecdotal conversations, most of the reasons stem from a mental model tied more to their legacy business model (what’s happened historically) rather than their current business model (what should happen…
Marc Dufresne The Bank of Canada kept its key policy rate on hold at 5%. The central bank says it’s starting to see the economic conditions needed to lower rates, but that it’s looking for more evidence the momentum can be sustained. Hafiz Noordin, VP & Director, Active Fixed Income Portfolio Management, TD Asset Management,…