jewhyte I published my ‘Strong Buy’ thesis for Microsoft (NASDAQ:MSFT) in my initiation report, published in July 2023. Since then, the stock price has surged by about 17%. I highlighted Microsoft’s capability to integrate AI-powered features into all their software and platforms. They released their Q3 FY24 earnings on April 25th with 17% of constant…
Maksim Safaniuk/iStock via Getty Images Welcome to the April 2024 edition of the ‘junior’ lithium miner news. We have categorized those lithium miners that are not in production as the juniors. Note: Investors are reminded that many of the lithium juniors will most likely not be needed until the mid and late 2020’s to supply…
bunhill Advanced Micro Devices (NASDAQ:AMD) stock has been a big winner over the past few years: Bolstered by the sentiment tailwind associated with GenAI, the shares have returned approximately 63%, compared to a gain of less than 20% for the S&P 500 (SP500), a 3x out-performance. However, investors should note that this bull run has…
Robert Buchel/iStock Editorial via Getty Images Since October 2023, I have a strong buy rating on Bombardier stock and that rating has performed well with the stock appreciating 51.6% compared to the S&P 500 returning 24%. In February 2024, Bombardier stock tumbled as its free cash flow guidance for 2024 came in below expectations. However,…
vzphotos Alphabet, Inc. (NASDAQ:GOOG) shares are seeing a massive spike higher, as the tech giant’s first-quarter earnings release showed better-than-expected results in both revenue and earnings. On the revenue side of the equation, Alphabet saw strong annualized growth rates of 15% (which is the best quarterly performance that the company has reported since the beginning…
Adam Gault Thursday’s first-quarter GDP report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US Treasury yields rose. At first glance, the risk-off response looks reasonable. But a closer look at the GDP numbers still leaves room for debate. Let’s start with the offending data that sent…
Colin Anderson Productions pty ltd/DigitalVision via Getty Images By William J. Luther Inflation is once again on the decline, new data from the Bureau of Economic Analysis (BEA) show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent…
Dilok Klaisataporn The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In the latest quarterly survey by The Wall Street Journal, business and academic economists…
gyro By Min Joo Kang, Senior Economist, South Korea and Japan Quite the dramatic change to the monetary policy statement The Bank of Japan’s statement was much shorter than those previously. It consisted of just three sentences, so it didn’t provide much information about future guidance or policy preferences. This may be because the quarterly…
peeterv Earnings of Hanmi Financial Corporation (NASDAQ: NASDAQ:HAFC) will likely decline this year on the back of margin contraction. Pressure on asset yields was already visible during the first quarter. I’m expecting the company to report earnings of $2.18 per share for 2024, down 16.8% year-over-year. Compared to my last report on the company, I’ve…
Michael H/DigitalVision via Getty Images By Charles Hamieh, Shane Hurst, Nick Langley, & Simon Ong Reshoring and Data Centers Support Select Utilities Market Overview Infrastructure assets trailed global equities in the first quarter amid a robust rally for equities, in many ways a continuation of the bull market begun in late 2023 as softening inflation…
Start Time: 03:30 January 1, 0000 4:11 AM ET Axfood AB (publ) (OTCPK:AXFOF)Q1 2024 Earnings Conference CallApril 25, 2024, 03:30 AM ET Company Participants Klas Balkow – President and CEOAnders Lexmon – CFO Conference Call Participants Daniel Schmidt – Danske BankFredrik Ivarsson – ABG Sundal CollierGustav Hageus – SEBAnna Schumacher – BNP Paribas Exane Operator…
Ameris Bancorp (NASDAQ:ABCB) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Nicole Stokes – Chief Financial OfficerPalmer Proctor – Chief Executive OfficerDoug Strange – Executive Vice President and Chief Risk Officer Conference Call Participants Casey Whitman – Piper SandlerWill Jones – KBWRussell Gunther – StephensChristopher Marinac – Janney Montgomery ScottDavid…
Federated Hermes, Inc. (NYSE:FHI) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Raymond Hanley – President of Federated Investors Management CompanyChristopher Donahue – President and Chief Executive OfficerThomas Donahue – Chief Financial Officer, Vice President, Director and TreasurerDeborah Cunningham – Chief Investment Officer Conference Call Participants William Katz – TD…
Thermal Energy International Inc. (OTCQB:TMGEF) Q3 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants William Crosland – President and CEOTrevor Heisler – NBC Capital Market Advisors Conference Call Participants Operator Welcome everyone. I’m William Crosland, President and CEO of Thermal Energy International, and welcome to our fiscal 2024, Third Quarter and…
asbe/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Amrita Roy and Rob Isbitts are both bullish on gold and T-bills (0:25). Inflationary and deflationary tug of war, macro volatility and central banks piling into gold (1:25). Why liquidity is the glue that drives everything forward (5:00). This is…
Safran SA (OTCPK:SAFRY) Q1 2024 Earnings Conference Call April 26, 2024 2:15 AM ET Company Participants Olivier Andries – Chief Executive OfficerPascal Bantegnie – Chief Financial Officer Conference Call Participants Ben Heelan – Bank of AmericaGeorge Zhao – BernsteinIan Douglas-Pennant – UBSPhil Buller – BerenbergRoss Law – Morgan StanleyRobert Stallard – Vertical ResearchTristan Sanson –…
Stewart Information Services Corporation (NYSE:STC) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Kathryn Bass – Director of Investor RelationsFrederick Eppinger – Chief Executive OfficerDavid Hisey – Chief Financial Officer Conference Call Participants Bose George – KBWJohn Campbell – Stephens Inc.Geoffrey Dunn – Dowling Partners Operator Hello and thank you…
piranka Roper Technologies’ (NASDAQ:ROP) business has changed enormously in recent years, with the company now generally focusing on vertical SaaS businesses. In many ways this is a positive as Roper’s margins are now higher and its revenue is more predictable. Given Roper is acquiring these businesses rather than building them, it is less clear how…
NEC Corporation (OTCPK:NIPNF) Q1 2024 Earnings Conference Call April 26, 2024 2:00 AM ET Company Participants Conference Call Participants Operator Thank you for your participation today. I would like to explain the full year results for year ended March 2024, forecasts for year ending March 2025 and progress of the Mid-term Management Plan 2025. These…
Jordan Siemens/DigitalVision via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical…
Verallia Société Anonyme (OTCPK:VRLAF) Q1 2024 Earnings Conference Call April 25, 2024 3:00 AM ET Company Participants Patrice Lucas – Chief Executive OfficerNathalie Delbreuve – Chief Financial OfficerDavid Placet – Head of Strategic Planning and M&A Conference Call Participants Lars Kjellberg – StifelPatrick Mann – Bank of AmericaFrancisco Ruiz – BNP ParibasPhilippe Lorrain – BernsteinJean-Francois…
Horizon Bancorp, Inc. (NASDAQ:HBNC) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Thomas Prame – President & CEOLynn Kerber – EVP & Chief Commercial Banking OfficerMark Secor – EVP & CFO Conference Call Participants Terry McEvoy – StephensNathan Race – Piper SandlerDamon DelMonte – KBWBrian Martin – Janney Montgomery Scott…
Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Bob Rivers – Chair & Chief Executive OfficerJim Fitzgerald – Chief Financial & Chief Administrative Officer Conference Call Participants Mark Fitzgibbon – Piper SandlerDamon DelMonte – KBWLaurie Hunsicker – Seaport Research Operator Hello, and welcome to the Eastern…
MarekUsz/iStock via Getty Images By Albert Grosman & Brian Lund, CFA Picking the Right Odds, Not the Right Horse Market Overview Spotting a secular trend and identifying the winners, as many small cap investors are trying to do with AI- and bitcoin-related beneficiaries, is a time-honored investment strategy that has made investors a lot of…
Rasi Bhadramani By Reed Cassady, CFA, Albert Grosman & Sam Peters, CFA AI Solutions Require Solving Power Problems Market Update The market is focused on the transformative potential of artificial intelligence (‘AI’) but, in our view, has not come fully to grips with the real-world bottlenecks attached to this emerging technology. While markets appear to…
ORION Holdings Corp. (OTCPK:ORINF) Q1 2024 Earnings Conference Call April 25, 2024 6:30 AM ET Company Participants Tuukka Hirvonen – Investor Relations & Financial Communications OfficerLiisa Hurme – President, CEO & Chairman of Executive Management BoardJari Karlson – CFO & Member of the Executive Management Board Conference Call Participants Anssi Raussi – SEBSami Sarkamies –…
blackred Investment Thesis Danaher Corporation’s (NYSE:DHR) core sales growth rate is expected to turn positive as 2024 progresses, with customer inventory destocking ending by the second half of 2024 in the bioprocessing business and improving order trends in the Biotechnology and Life Sciences segments. Further, the strength in the Diagnostics segment and easier Chinese business…
3alexd Summary Following my coverage of SAP (NYSE:SAP) in January 2024, for which I recommended a buy rating as I believed the SAP business model was really attractive and defensive and that it would continue to see growth momentum in the cloud, this post is to provide an update on my thoughts on the business…
think4photop By Michael Clarfeld, CFA & Chris Eades Cyclical Kick Helps Midstream Lead Equities Market Overview and Outlook A boost for cyclical sectors amid rising oil prices helped energy infrastructure stocks outperform equities in the first quarter. Winter storms dampening production across several U.S. oil fields, a weaker U.S. dollar and lower production levels by…
luismmolina Investment Overview Immatics (NASDAQ:IMTX), based in Tuebingen, Germany, achieved its Nasdaq listing in 2020, via a business combination with Arya Sciences Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by Perceptive Advisors. According to Harvard Business Review: A SPAC is a publicly traded corporation with a two-year life span formed with the sole…
MicroStockHub We previously covered Bank of America (NYSE:NYSE:BAC) in October 2023, discussing the massive pessimism embedded in the stock’s valuations and its mixed prospects, thanks to the mistaken perception that its unrealized losses were growing. While we continued rating the stock as a Buy here, thanks to the outperformance of its quarterly financial reports, investors…
niphon Back in March 2023, I published an article on Australian rare earth miner Lynas Rare Earths Ltd (OTCPK: LYSCF)(ASX:LYC). Back then, Lynas’ shares were being raked over the coals after Tesla Inc. (NASDAQ:TSLA) announced plans to open a $5 billion gigafactory in Mexico and, among other things, redesign its PM motor to exclude rare…
chaofann Real Estate Investment Trusts (REITs) (VNQ) are today priced at near their lowest valuations in a decade, with many REITs trading at large discounts relative to their fair value of their real estate. Valuations have gotten so low that even private equity players like Blackstone and Starwood are now aggressively buying REITs. Just recently,…
Andrii Dodonov When I last covered the PIMCO Dynamic Income Fund (NYSE:PDI), I rated the 14% yielding ETF a buy, on the grounds that it paid lots of income and stood to benefit from coming rate cuts. The high yield is still on offer, but the prospect of capital gains brought on by rate cuts…
JHVEPhoto Dear readers/followers, I’ve been covering the company Securitas AB (OTCPK:SCTBF) (OTCPK:SCTBY) for a number of years, and maintain as of today a continued position in the business that I believe may generate a solid sort of return – at some point. The company’s profitability has been affected, but gross and operating margins are slowly…
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis: Hilton Worldwide Holdings has the potential for further long-term upside based on resiliency in RevPAR growth. In a previous article back in February, I made the argument that Hilton Worldwide Holdings (NYSE:HLT) might see some short-term consolidation over potentially slower RevPAR growth this year. However, I maintained that…
gopixa Launched on 07/07/2015 and managed by Victory Capital Management Inc., VictoryShares US Large Cap High Div Volatility Wtd ETF (NASDAQ:CDL) is an ETF focused on high income through dividends coupled with low volatility. It currently manages about $350 million and distributes on a monthly basis. CDL is arguably one of the best high-dividend-yield ETFs…
Justin Paget/DigitalVision via Getty Images The 10yr minus 3mo Treasury rate, called the Yield Curve, is moving higher at a rapid pace as investors adjust their inflation thinking to being more persistent in the 3-4% range. At the moment, T-Bills priced at 5.25% remained roughly stable, giving a Real rate of return of close to…
Eoneren By James Knightley US inflation remains hot, but not as hot as feared So the core PCE deflator has indeed come in at 0.3% month-on-month, with upward revisions to January and February, rather than the 0.48% MoM implied by the quarterly PCE deflator from yesterday, assuming no revisions. In the great scheme of things,…
Metso Oyj (OTCPK:OUKPF) Q1 2024 Earnings Conference Call April 25, 2024 5:00 AM ET Company Participants Eeva Sipilä – Chief Financial Officer Juha Rouhiainen – Investor Relations Conference Call Participants Elliott Robinson – Bank of America Securities Chitrita Sinha – JP Morgan Securities Klas Bergelind – Citigroup Global MarketsMax Yates – Morgan Stanley Anders Idborg…
Sensient Technologies Corporation (NYSE:SXT) Q1 2024 Earnings Conference Call April 26, 2024 9:30 AM ET Company Participants Stephen Rolfs – Senior Vice President and Chief Financial OfficerPaul Manning – Chairman, President and Chief Executive Officer Conference Call Participants Matthew Krueger – BairdNicola Tang – BNP ExaneDavid Green – BoldhavenJoanne Lim – BNP Paribas Exane Operator…
Morsa Images/DigitalVision via Getty Images The strong rally on the stock markets since 2023 has also led to a solid stabilization of share prices for many former high-flyers. Normalized expectations met with an increasing risk appetite among investors. This was not the case with Teladoc (NYSE:TDOC): the share was unable to benefit from this in…
Qt Group Oyj (OTCPK:QTGPF) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Herte Nervenen – Communications LeadJuha Varelius – CEOJouni Lintunen – CFO Conference Call Participants Matti Riikonen – CarnegieJaakko Tyrvainen – SEBFelix Henriksson – NordeaWaltteri Rossi – Danske BankAntti Luiro – Inderes Herte Nervenen Hello, and welcome to Qt…
winhorse/E+ via Getty Images I am giving Canterbury Park Holding Corporation (NASDAQ:CPHC) a HOLD rating because I think that the stock is currently overvalued from a liquidation as well as from a discounted cash flow standpoint. Currently CPHC is not allowed to have slot machines in their casino as they have been exclusively licensed to…