Robert Way Investment action I recommended a hold rating for Victoria’s Secret (NYSE:VSCO) when I wrote about it the last time (Early Jan 2023), as I saw no improvements in the turnaround situation yet, despite the valuation seemingly pricing in a successful turnaround in the near term. Indeed, VSCO showed no improvements since, and the…
vitapix/E+ via Getty Images I have a long history with Bio-Rad (NYSE:BIO) (NYSE:BIO.B), having covered this life sciences company long ago in my sell-side days. It has always been an odd duck in the life sciences world and remains so, with the company better thought of as a “picks and shovels” company with broad exposure…
RapidEye Investment Thesis Sunoco LP Common Units (NYSE:SUN) has been on a bullish trajectory gaining about 64.12% over the last three years outperforming the S&P 500 by a margin of about 38%. Seeking Alpha Despite the solid upward trend, this stock has been experiencing a pullback over the last month but based on technical analysis…
bymuratdeniz/iStock via Getty Images The Magnificent Roaring ’20’s “It’s a bull market, you know.” – Jesse Livermore. Reminiscences of a Stock Operator. “The job of sustainably restoring 2 percent inflation is not yet done…the higher inflation data over January and February were above the low readings in the second half of last year…We do not…
Morsa Images/DigitalVision via Getty Images The BlackRock Corporate High Yield Fund (NYSE:HYT) offers investors exposure to high-yield fixed-income securities focusing on “junk bonds” and bank loans through a closed-end fund (CEF) structure. The attraction here is the fund’s monthly distribution which currently yields 10%, making HYT a compelling vehicle for income-focused investors. This is a…
Pgiam/iStock via Getty Images Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as…
HAYKIRDI/iStock via Getty Images In my most recent article, I outlined four scenarios for US inflation assuming that there is no war or other event that disrupts global oil supplies. In this article, I will outline various “oil-shock” scenarios and their expected impacts on US inflation. This subject is obviously very relevant right now, considering…
coldsnowstorm/E+ via Getty Images Incumbent U.K. telecom operator BT Group (OTCPK:OTCPK:BTGOF) has continued to frustrate, with the shares delivering a modest mid-single-digit loss since my last piece on the company in September. With BT already one of the cheapest names in its peer group, underperformance versus other European telecoms in that time is particularly disappointing….
chengyuzheng We previously covered Schwab U.S. Dividend Equity ETF (NYSEARCA:NYSEARCA:SCHD) in November 2023, discussing why it remains a great Buy despite the underwhelming performance on a YTD basis, with the latter only attributed to the market rotation towards high-growth tech and generative AI stocks, as most staple stocks suffer from minimal inflationary tailwinds. With the…
RapidEye/E+ via Getty Images We previously covered Tesla, Inc (NASDAQ:NASDAQ:TSLA) in January 2024, discussing why its EV King investment thesis had faded, with it no longer the largest global volume producer as of FQ3’23, with its profit margins likely to continue suffering as an adverse effect of the sustained price cuts. While improved manufacturing scale…
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filo Article Purpose Historical results are among the first things many investors consider when analyzing ETFs. Except for contrarians, investors search for funds with solid one-year, three-year, and five-year returns, as this is evidence the strategy can work, notwithstanding macroeconomic changes or changes in the portfolio’s composition. But you might be wondering how well this…
Klaus Vedfelt/DigitalVision via Getty Images Kontoor Brands (NYSE:KTB) is an apparel manufacturer and wholesaler. Kontoor owns Wrangler and Lee, two very well-known denim brands. Since spinning off from VF Corporation (VFC) in 2019, the company has been driving very good profitability and brand growth improvements. I believe Kontoor is doing the right things and has…
byakkaya Introduction Infrastructure plays are more and more part of the few key ideas I am building my portfolio. The property of key assets that are essential for an economy is a way to benefit from the overall economic activity of a certain area. Often, infrastructure businesses have a moat due to high barriers to…
Hinterhaus Productions/DigitalVision via Getty Images As Europe’s largest economy and a world leader in engineering, automotive, and manufacturing sectors, Germany hosts a plethora of globally recognized companies known for their innovation, quality, and resilience. Germany is an industrial powerhouse both historically and presently. One cannot consider allocating to developed international markets without paying attention to…
Hispanolistic/E+ via Getty Images Vehicle insurance premiums have gone through the roof. That comes as no surprise to families across the country. According to the March CPI report, the 3-month annualized rate soared to 26.7%. It was a material driver of the strong core services ex-housing CPI increase. A reshuffling in the auto insurance industry,…
Delpixart/iStock Editorial via Getty Images Introduction About a year ago, I published an article on Tritax Big Box REIT plc (OTCPK:TTBXF) claiming “the worst is behind us.” I had been warning about this even before real estate assets appeared to be overvalued based on a rapidly increasing interest rate on the financial markets, which traditionally…
Mlenny Back in January, I shared my bullish view on The Invesco Golden Dragon China ETF (NASDAQ:NASDAQ:PGJ). So far, the bet on China pays off, slightly outperforming S&P500. However, the market rally in Chinese equities has stalled for more than a month. It’s time to discuss again what happened and whether we should expect the…
metamorworks In our previous analysis of QuidelOrtho Corporation (NASDAQ:QDEL), we focused on the company’s profitability, highlighting its lower-than-expected margins mainly due to a higher-than-anticipated depreciation with higher fixed assets and other non-operating expenses. However, we revised our forecasts while still expecting an improvement in average gross margins and reduced non-operating expenses in 2024, leading to…
JHVEPhoto One of the best things about investing is the passive income it can throw off. It takes work to initially make the money to invest, but once it’s invested in shares of companies or funds that pay dividends, a stream of unearned income will start to flow. Invest enough money for a long enough…
Richard Drury By James Knightley Ongoing strength means a June rate cut looks unlikely The US economy continues to show remarkable resilience in the face of high borrowing costs, tight credit conditions and a weak external backdrop. It appears on course to grow at a 2.5% annualised rate in the first quarter. We already know…
Torsten Asmus Listen below or on the go on Apple Podcasts and Spotify Yimin Xu of Cestrian Capital Research on past easing cycles, strong economic data and Fed rate cuts (0:40). Sticky inflation and bond market equilibrium (2:30). Attractive 10-year yields (5:00). This is an abridged conversation from Seeking Alpha’s Investing Experts podcast. Transcript Rena…
flavijus/iStock Editorial via Getty Images The Big Tech story Before discussing the reasons why the Big Tech could be fundamentally vulnerable, it’s important to understand the Big Tech story. First of all, the Big Tech companies are the tech giants on forefront of innovation: Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN), Meta (META) and…
FG Trade The last few weeks have been a really interesting time for shareholders of Medical Properties Trust (NYSE:MPW). The company, which operates as a REIT that owns and leases out medical properties for other firms to run, saw its shares spike after the market closed on April 12th. That move higher, about 12.3% as…
Jonathan Kitchen What is the BlackRock Science and Technology Term Trust? The BlackRock Science and Technology Term Trust (NYSE:BSTZ) is an equity closed end fund that invests in the technology sector. The fund was launched during the summer of 2019 as a follow up to the extraordinarily successful BlackRock Science and Technology Trust (BST), which…
Michael Vi/iStock Editorial via Getty Images PayPal Holdings, Inc. (NASDAQ:PYPL) investors have endured another roller coaster ride over the past two months, following PayPal’s relatively weak guidance at its fourth-quarter earnings call in early February 2024. As a reminder, I upgraded my thesis on PYPL to a Buy pre-earnings, as I assessed that buying accumulation…
Eoneren Overview Black Hills Corporation (NYSE:BKH) is one of those quality dividend stocks that do not get enough attention. Perhaps the business sits in a ‘boring’ industry, so there isn’t an enormous amount of attention for it. However, BKH has always provided consistent growth, albeit slow at times, and has managed to reached dividend king…
John Sommer Last summer, I wrote a cautious article on the Invesco Senior Loan ETF (NYSEARCA:BKLN), warning that rising leveraged loan defaults could pose a headwind to the BKLN ETF. However, since my article, the BKLN ETF has actually returned a handsome 9% total return (Figure 1). Figure 1 – BKLN has returned 9% since…
Pixelimage We previously covered ASML Holding N.V. (NASDAQ:NASDAQ:ASML) (OTCPK:ASMLF) in January 2024, discussing why we believe that its 2024 commentary had been on the cautious side, with multiple Big Tech companies and data center REITs still reporting growing appetite for cloud computing/ generative AI services and infrastructure related spending. However, with the stock already recording…
The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. Click here to download a PDF of this 7,000 word…
Graphic designer/iStock via Getty Images Performance Review As of March 31st, 2024 NAV increase, net Cum Incept PF 2019 2020 2021 2022 2023 1Q/24 WBCP 82.04% 17.60% 19.05% 37.16% (15.38%) 8.38% 3.36% S&P 400 66.88% 5.72% 13.66% 24.76% (13.06%) 16.45% 9.96% Click to enlarge Inception of White Brook Capital Partners was August 16, 2019 Performance…
The Good Brigade Overview My recommendation for Constellation Brands (NYSE:STZ) is a buy rating, as I continue to expect strong performance in the foreseeable future. The strong demand momentum seems to have continued into 1Q25 (1CQ24), which sets FY25 (CY24) to a very strong start. While Beer’s segment gross margin seems poor on a headline…
The SHRINKING Dollar YinYang “The road to Easy Street goes through the sewer.” – John Madden Interest rate concerns were already in focus as the equity markets digested what Powell and other Fed officials were saying—that they were walking back the dovish 3-cut outlook that was initially a 6-cut one. With the latest hot inflation…
Roman Tiraspolsky Let’s drift into the mortgage arena and discuss what’s waiting in the wings for the Blackstone Mortgage Trust, Inc. (NYSE:BXMT). For those unaware, we covered various components of Blackstone (BX) extensively in the past week, including the company as a whole its Blackstone’s Apartment Income REIT Corp. (AIRC) acquisition. However, today’s analysis builds…
pixelfit Deckers Outdoor Corporation (NYSE:DECK) brought a quarterly direct to consumer net sales increase of 38% y/y, and better EPS than expected. I believe that the company is doing much better than peers out there. If we also take into account internationalization efforts, the stock repurchase program, and the total amount of cash in hand,…
alexei_tm/iStock via Getty Images Investment Overview Gyre Therapeutics (NASDAQ:GYRE) is an under the radar biotech company that achieved its listing on the Nasdaq in October last year via a merger between Catalyst Biosciences and GNI Group – according to a press release: Catalyst received stockholder approval for all proposals necessary to complete the business combination…
Sumedha Lakmal/iStock via Getty Images The performance of securities mentioned within this letter refers to how the security performed in the market and does not reflect the performance attributed to the core equity portfolio. Please see the chart at the end of letter, which reflects the full list of contributors and detractors based on each…
da-kuk Originally posted on April 11, 2024 By Payal Shah At A Glance CME Group Bitcoin products have helped establish a robust derivatives marketplace for bitcoin, with average daily open interest in Bitcoin futures rising to $11 billion in March A new element ahead of this halving is the rise of spot bitcoin ETF inflows,…
Thomas Barwick Investment overview I give a buy rating for Zscaler (NASDAQ:ZS), as I think the business is going to see growth accelerate in the near term, sustaining growth above >30%. ZS has proven that its products are a better alternative to peers’ offerings as it continues to win market share. The additional growth drivers,…
carolthacker/iStock via Getty Images Six months since my last update on the company, the situation at Inogen (NASDAQ:INGN), a leading provider of portable oxygen concentrators (or POCs), is a little more interesting. The financials really haven’t improved and there are still valid concerns about the company’s strategic positioning, but the company has another new management…
Jacek_Sopotnicki Investment Thesis: Warner Bros. Discovery (WBD) is a media and entertainment business that operates primarily in the segments of Studios, Networks, and DTC. Some notable brands they own include DC, Game of Thrones, Harry Potter, and many more household names while some of the primary platforms they operate through are TNT Sports, Max, and…
jetcityimage Since the start of the year, the share price of Microsoft (NASDAQ:MSFT) has experienced a sustained increase, from about $370 to $425 – a near 15% run in just 4 months. In the same year, the company eclipsed Apple (NASDAQ:AAPL) as the most valuable company in the world by market capitalisation. Being one of…
HeliRy Note: I previously covered Okeanis Eco tankers (NYSE:ECO) in February 2024. In my note, I highlighted the company’s top-notch fleet, an average age below 5 years, and 100% scrubber availability. The ECO fleet consists of VLCC and Suezmax crude oil tankers. ECO distributes attractive dividends at a 14.2% TTM yield. Considering the company’s strengths,…
Megapixel8 While 2023 was challenging for US commercial real estate (CRE) investors, we believe that it’s “off the floor in 2024,” with real estate poised to start its price recovery sometime in the second half of the year. Think of it as a chain reaction, which starts with fed fund rate reductions. That should help…