The Good Brigade Overview My recommendation for Toll Brothers, Inc. (NYSE:TOL) is a buy rating, as I expect the business to continue benefiting from the current macro backdrop, and the recent commentary about strong demand going into February 2024 is a good sign of this. Management has also shown their capability to position the business…
xijian Founded in 1991, RADCOM (NASDAQ:RDCM) is a company that provides a network quality assurance platform for telecommunication operators and communication service providers (CSP). All-time share performance has been disappointing since going public in 1997 at a price of $45.5. The stock initially performed quite well, hitting all-time high of $78 during the dot-com boom…
Jose Luis Pelaez Inc/DigitalVision via Getty Images Intro We wrote about Pilgrim’s Pride Corporation (NASDAQ:PPC) (Chicken & Pork Distributor) in December last year when we reiterated our ‘Hold’ rating in the packaged food outfit. Shares, however, have continued their ascent in recent months with the stock now up over 75% since their June lows of…
Just_Super Investment Thesis Zuora (NYSE:ZUO) is a cloud-based software company that aims to help traditional businesses transition into a subscription-based business. The recent FY24 results were decent, although growth was certainly not that impressive as there were multiple issues such as unexpected churns and continued issues of longer sales cycles. While the firm is trading…
Tzido/iStock via Getty Images Thesis We covered the BlackRock Flexible Income ETF (NYSEARCA:BINC) shortly after its inception almost a year ago. In our original piece, we described the new fund and the intent of the asset manager in a macro environment that was favorable to fixed income funds. We are going to re-visit this name…
Maxxa_Satori Broadstone Net Lease, Inc. (NYSE:BNL) is a well-managed and growing industrial-focused real estate investment trust that has considerable potential for FFO expansion in 2024. Broadstone Net Lease is poised to acquire more industrial properties this year, which could fuel the trust’s FFO growth and also lead to yet another dividend hike for shareholders. I…
J Studios In keeping with my continued coverage on bonds and bond funds, thought to have a quick look at treasury-inflation protected securities, or TIPs. These securities have broadly similar characteristics to normal treasuries, with effectively zero credit risk, moderate rate risk, and reasonably good yields, albeit below-average. Unlike normal treasuries, TIPs are somewhat protected…
Chris Gordon /iStock via Getty Images Introduction About seven months ago, I argued Fortescue (OTCQX:FSUMF) (OTCQX:FSUGY) was a good call option on the iron ore price, and I have not been disappointed with its performance. The stock is currently still up about 25% from the September 2023 share price, while the received dividend of A$1.08…
Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Conference Call April 15, 2024 5:00 PM ET Company Participants Todd Kehrli – MKR Investor Relations, Inc.Max Carnecchia – CEODave Lyle – CFO Conference Call Participants Jake Roberge – William BlairMike Grondahl – Northland SecuritiesAllen Klee – MaximChad Bennett – Craig HallamScott Buck – HC Wainwright Operator Hello,…
PM Images/DigitalVision via Getty Images It has been some time since we updated the views on Greystone Housing Impact Investors LP. (NYSE:GHI). In November 2022, we took a negative stance on the company in light of the increasing risks to fund the distribution. We maintained that into February 2023, but the large price decline after…
Shana Novak/DigitalVision via Getty Images Summary This post is to provide an update on my thoughts on Urban Outfitters’ (NASDAQ:URBN) business and stock. I give a buy rating to URBN, as 70% of the business continues to show very strong fundamental performance. Both the Free People and Anthropologie brands grew in the range of low…
MicroStockHub Per LSEG, only 29 companies have reported their Q1 ’24 earnings so far, and the big banks that reported on Friday morning April 12th, won’t be in the numbers so to speak until Monday, April 15th or Tuesday, April 16th. Another 41 companies are expected to report this week. The point being to all…
CaliberCos Inc. (NASDAQ:CWD) Q4 2023 Earnings Conference Call April 15, 2024 5:00 PM ET Company Participants Lisa Fortuna – Investor RelationsChris Loeffler – Co-Founder and Chief Executive OfficerJade Leung – Chief Financial Officer Conference Call Participants Brendan McCarthy – Sidoti & Company Operator Ladies and gentlemen, welcome to Caliber’s Fourth Quarter and Full-Year 2023 Earnings…
Remark Holdings, Inc. (OTC:MARK) Q4 2023 Earnings Conference Call April 15, 2024 4:30 PM ET Company Participants Fay Tian – Vice President of Investor RelationsKai-Shing Tao – Chairman and CEOTodd Brown – Vice President of Finance Operator Good day, and welcome to the Remark Holdings Fiscal 2023 Financial Results Conference Call. All participants will be…
Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) Q4 2023 Earnings Conference Call April 15, 2024 5:00 PM ET Company Participants Denis Phares – President & CEOJohn Marchetti – SVP & Former CFO Conference Call Participants George Gianarikas – Canaccord GenuityBrian Dobson – Chardan Capital MarketsChip Moore – ROTHPavel Molchanov – Raymond JamesJeff Grampp – Alliance Global Partners…
Daniel Grizelj DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note…
ninitta/iStock via Getty Images It’s been 2 years since Peloton Interactive, Inc. (NASDAQ:PTON) started shifting its business model from one based around selling physical exercise devices to one built around subscriptions. That doesn’t seem like a bad plan on paper. However, the results have been lackluster so far. Since subscriber growth is mainly dependent on…
Midwest Energy Emissions Corp. (OTCQB:MEEC) Q4 2023 Earnings Conference Call April 15, 2024 4:00 PM ET Company Participants Richard MacPherson – Chief Executive Officer Conference Call Participants Michael Galantino – Chapin Davis Operator Good day, and welcome to the ME2C Environmental Fourth Quarter and Full Year 2023 Earnings Conference Call. During today’s presentation, all parties…
Bim 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 yield…
brightstars Gold as the ultimate safe haven asset It has been more than 50 years since gold ceased to play a crucial role in the financial system, but still today there is strong interest in this precious metal. After all, humans have been strongly attracted to it since before Christ, and millennia of history can…
tiero/iStock via Getty Images Hexcel Corporation (NYSE:HXL) is a maker of carbon fiber and other products which are used to manufacture aircraft as well as other applications. This company recently appointed a new CEO, and the stock plunged on this news. I wanted to take a closer look to see if the big drop was…
alvarez/E+ via Getty Images Oops! All investors have their regrets. I share one with many people – Amazon (AMZN). I bought some around the year 2000, but fairly quickly sold it. Another regret is The Home Depot, Inc. (NYSE:HD). Someone told me to buy it in about 2009. It was an interesting enough idea to…
onurdongel *All financial data in this article is expressed in Canadian dollars. Enerflex Ltd. (NYSE:EFXT) is a global energy infrastructure supplier who operates out of Canada and sells their products globally. Over the past couple of years, the company has been working on implementing cost synergy strategies related to its merger with Exterran Corporation. After…
John Rensten/DigitalVision via Getty Images I posit that event-driven surges are frequently being mispriced as sustaining in nature. Identifying event-driven growth or event-driven headwinds that are being interpreted as secular presents substantial opportunity as prices correct. This idea will have 3 parts: The mechanics behind the opportunity Historical examples where mispricing of this nature clearly…
In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan…
JamesBrey Article Thesis Prudential Financial, Inc. (NYSE:PRU) is an insurance company that has delivered compelling total returns in the recent past. But while the dividend yield is not as high as it was at times in the past, Prudential Financial is still far from an expensive stock. Past Coverage I have covered Prudential Financial several…
gsheldon Chocolatier The Hershey Company (NYSE:HSY) hasn’t seen its stock go anywhere in 2024, which compares to the 7.4% increase in the S&P 500 (SP500) year-to-date [YTD]. To be fair, consumer staple stocks tend to be relatively slow-moving, and this also shows up in the fact that even over the past decade it has risen…
SARINYAPINNGAM/iStock via Getty Images AOA strategy iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) started investing operations on 11/04/2008 and tracks the S&P Target Risk Aggressive Index. It is a fund of funds with 7 holdings, a 12-month trailing yield of 2.09% and a net expense ratio of 0.15%. Distributions are paid quarterly. As described by S&P…
peepo There are many reasons why the automotive industry is not a particularly attractive one. It is capital intensive, sales are very sensitive to the state of the economy, which results in high cyclicality, and most participants tend to have basically no competitive moats. Just like airlines (JETS), the automobile manufacturer sector has seen more…
Cesare Ferrari Investment Thesis Apple Inc. (NASDAQ:AAPL) has lost the title of the world’s most valuable company, hitting its worst performance in over a decade. So far this year, the firm’s stock has been down approximately 5%. Meanwhile, Microsoft (MSFT) has surged by over 13%, overtaking Apple to the top global market value. Since late…
Dean Mitchell Above: Something for everyone works – proof of a business model As Netflix, Inc. (NASDAQ:NFLX) approaches its Q1’24 earnings release this week, the market sentiment whether it reports a meet, beat, or miss comes down to this: If subscriber growth is up, margins are strong, and average revenue per user ticks up, it’s…
igoriss EPR Properties (NYSE:EPR) is an entertainment-focused real estate investment trust with a unique portfolio and income opportunities in the experiential market. The REIT has a broad footprint in various entertainment segments and produced high single digit FFO growth in 2023. The company is still seeking to reduce its exposure to movie theaters, which are…
Mananya Kaewthawee In my April 2, 2024, Seeking Alpha article entitled “Moving Out Of QQQ And Into SMH As Magnificent 7 Shrinks,” I pointed out that investors looking for an alternative investment to Invesco QQQ Trust ETF (QQQ) can consider VanEck Semiconductor ETF (SMH), which continues to grow strongly in 2024. SMH is one of…
sharrocks/iStock Unreleased via Getty Images In our last update on The Boeing Company (NYSE:BA), we warned that the risks remained high for this high-flyer and gravity was likely to be a cruel mistress in the medium term. So the risks are right in front of you and we think the stock could go to double…
Tribalism has existed for as long as tribes themselves. For as long as humans have been organizing into social groups, we’ve been hating on the group in the next valley. Even though we have much more in common with them than we would care to admit. It is not surprising therefore that bitcoiners and ethereans…
Igor Alecsander/E+ via Getty Images The Q1 earnings season is roughly two weeks away, and many producers have reported their year-end 2023 results and preliminary Q1 results. One of the most recent companies to report its Q1 operational results was Jaguar Mining (OTCQX:JAGGF) and, true to form, it was another massive disappointment. Not only did…
DNY59 We previously covered Alibaba Group Holding Limited (NYSE:BABA) in November 2023, discussing its excellent CQ3’23 performance in the Cloud and e-commerce segments, since we believed these two segments might be the company’s long-term growth drivers. We had also added a small position then, with us believing that the summit between Biden and Xi was…
Andersen Ross Photography Inc/DigitalVision via Getty Images I have recently covered other investments in the crypto space, one of them being Bitwise’s ETF (BITQ). While I was generally pessimistic about the fund and its constituent companies, I had a better summary of Coinbase (NASDAQ:COIN): Coinbase Global, Inc. strikes me as probably the best business of…
Imgorthand Investment thesis My previous bullish thesis about Crown Castle (NYSE:CCI) did not age well as the stock declined by around 10% since December 2023. The weak sentiment around the stock is due to the expected to deteriorate in Q1 and full fiscal 2024 financial performance. However, the major portion of the decline is expected…
z1b REITs (VNQ) have now been in a bear market for about 2 years. Their share prices crashed in 2022, and they have remained depressed ever since then. Data by YCharts But in late 2023, it seemed that REITs were finally starting to recover. Inflation began to cool down, interest rate expectations shifted lower, and…
The New York Stock Exchange On Wall Street. Matteo Colombo In any given year, there are no guarantees that the stock market will go up. It may even fall in two consecutive years or even three consecutive years (as was the case in 2000-2002). Fortunately, the brilliance of capitalism is that the markets can’t be…
alisbalb/iStock via Getty Images Introduction They are a ubiquitous presence on the Internet if one is searching for stock ideas. They are pervasive in their ad campaigns for their stock ideas and newsletters. At one time, they had their own radio show featured on NPR. For those of us who were beginning investors over a…
Hong Kong has reportedly approved its first spot bitcoin exchange-traded funds (ETFs), with multiple issuers announcing they received permission to launch Bitcoin ETFs. China Asset Management, Bosera Capital and other applicants posted on social media that they got clearance to list spot Bitcoin ETFs in Hong Kong. However, the Securities and Futures Commission (SFC) has yet…
JHVEPhoto Magna International Inc. (NYSE:MGA) is a multinational mobility solutions and technology company for automakers that designs, develops, and manufactures automotive systems, assemblies, modules, and components. Founded in 1957, Magna is now a $15 billion (by market cap) major manufacturer that employs nearly 180,000 people. FY 2023 revenue can be broken down by product category:…
MarkGillow/E+ via Getty Images Investment thesis On the 24th of August, I wrote an article about Utz Brands, Inc. (NYSE:UTZ) and I stated that the risk/reward was unattractive. Since then, the share price has risen significantly. However, I personally think that the fundamentals of UTZ have not necessarily improved. Despite the fact that UTZ is…
FabioIm/iStock Editorial via Getty Images Investment Thesis I recommend holding Petrobras (NYSE:PBR) shares. The company is the largest in market cap in Latin America, and is still reaping the benefits of its strategy of divestment of non-strategic assets and focus on core business. As a result, Petrobras continues to generate a lot of cash. However,…
We Are One of the things that worries me is concentration risk. It’s been a growth world for some time now, with Technology being the outsized winner from a momentum perspective. The result of this tech dominance on growth-oriented portfolios is concentration risk, with funds like the Russell 1000 Growth Index having a whopping 44%…
Aziz Shamuratov About a year ago, I wondered if Emerson Electric (NYSE:EMR) was the “winner” in the bidding race for National Instruments. This acquisition was the latest in a number of substantial M&A actions (both on the buy and sell side) which created a lot of moving parts. After the dust has settled, Emerson can…
bibikoff/iStock via Getty Images For many investors, navigating the complexities of the financial markets can feel like a jungle. Trapped between the allure of high returns and the fear of significant losses, indecision makes it easy to feel paralyzed. This past year, I embarked on an experiment to inject fun and clarity into the investment…