JamesBrey Originally published on April 25, 2024 By Katie Klingensmith & Bill Zox, CFA After strong performance since the fourth quarter of last year, U.S. high yield spreads remain tight. However, Portfolio Manager Bill Zox tells Senior Vice President – Investment Specialist Katie Klingensmith that spreads are not the only consideration. He discusses several important…
Energy Extraction On America’s Plains Ramon Cliff/iStock Editorial via Getty Images It is not too late to initiate a position in Plains GP Holdings, L.P. Class A (NASDAQ:PAGP), despite doubling the return of the S&P 500 over the past year. This large, high-quality MLP has produced a trailing 12-month total return over 40% compared to…
Prykhodov Alphabet Inc. (NASDAQ:GOOG) reported first quarter results on Thursday last week, which caused a big jump in Google’s stock price amid robust momentum in the marketing business. Marketing strength in Google’s core business, advertising, was a major catalyst for growth in the first quarter. Google also announced that it would start to pay a…
Sundry Photography Introduction & Investment Thesis CrowdStrike (NASDAQ:CRWD) is a cybersecurity company that has outperformed the S&P 500 and Nasdaq 100 YTD. The company reported its Q4 FY24 earnings in March, where revenue and earnings grew 36% and 85.9% YoY, beating expectations. The company continues to drive new customer deals at a rapid pace while…
ipopba On 24/04/2024, Intrum AB (OTCPK:ITJTY) (OTCPK:INJJF) released its Q1 trading results. The Swedish Credit Management Services company operates in 20 European countries and is organized into two operating divisions: servicing and Investing. Last time, we positively commented on the Cerberus transactions as a step forward to reassure Wall Street. Looking at the broader picture,…
Funtap Introduction I recently came across the Vident U.S. Diversified Real Estate ETF (NYSEARCA:PPTY). Besides the ETF being new to me, I never heard of the manager either. Add the low AUM, and normally, I would have just moved to explore another ETF not on my radar yet. The reason I produced this article was…
Yum China Holdings, Inc. (NYSE:YUMC) Q1 2024 Earnings Conference Call May 29, 2024 8:00 PM ET Company Participants Joey Wat – Chief Executive OfficerAndy Yeung – Chief Financial OfficerFlorence Lip – Senior Director, Investor Relations Conference Call Participants Michelle Cheng – Goldman SachsBrian Bittner – OppenheimerChen Luo – Bank of AmericaLillian Lou – Morgan StanleyAnne…
hapabapa/iStock Editorial via Getty Images iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) was launched by BlackRock, Inc. on July 24, 2000 and is managed by BlackRock Fund Advisors. Since its inception, it has accumulated around $9.3 billion, and that places it near the top among similar options out there. That’s not the only thing that…
Susumu Yoshioka/DigitalVision via Getty Images April 29th ended up being a rather interesting day for shareholders of metal packaging firm Crown Holdings (NYSE:CCK). After the market closed, shares jumped about 3.3% in response to management announcing financial results covering the first quarter of the company’s 2024 fiscal year. Although the firm failed to meet expectations…
Hiroshi Watanabe Late December last year, I issued an article comparing the largest BDC – Ares Capital (NASDAQ:ARCC) – with the second largest one, FS KKR Capital (FSK). While I was bullish on both BDCs, I preferred allocating slightly more in FSK due to the following reasons: FSK traded at a discount to NAV, while…
Lattice Semiconductor Corporation (NASDAQ:LSCC) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Rick Muscha – Vice President of Investor RelationsJim Anderson – President, Chief Executive Officer, DirectorSherri Luther – Chief Financial Officer Conference Call Participants Melissa Weathers – Deutsche BankQuinn Bolton – NeedhamMatt Ramsey – TD CowenDavid Williams – BenchmarkChristopher…
Quisitive Technology Solutions Inc. (OTCQX:QUISF) Q4 2023 Results Earnings Conference Call April 29, 2024 4:30 PM ET Company Participants Mike Reinhart – Founder and Chief Executive OfficerScott Meriwether – Chief Financial Officer Conference Call Participants Christian Sgro – VIII CapitalRob Goff – Echelon PartnersJérome Dubreuil – Desjardins SecuritiesStephen Boland – Raymond JamesDivya Goyal – ScotiabankGraham…
MicroStockHub It was a solid Q1 2024 for Customers Bancorp (NYSE:CUBI), but the market reacted negatively and punished the stock with -5.47%. Yet, estimates were beaten upward: Q1 Non-GAAP EPS of $1.68 beats by $0.05. Revenue of $181.6M (+8.1% Y/Y) beats by $16.79M. Loan growth was stagnant, and this probably affected investors’ negative reaction. However,…
Spot Bitcoin exchange traded funds (ETFs) have officially gone live in Hong Kong as its stock market opens. OFFICIAL: SPOT #BITCOIN ETFS COMMENCE TRADING IN HONG KONG 🇭🇰 pic.twitter.com/yI8HsqRECf — Bitcoin Magazine (@BitcoinMagazine) April 30, 2024 The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset…
Nanalysis Scientific Corp. (OTCQX:NSCIF) Q4 2023 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Matthew Selinger – Investor RelationsSean Krakiwsky – Founder and CEORandall McRae – Chief Financial Officer Conference Call Participants Stefan Quenneville – Echelon Capital MarketsChristopher Birch – Canaccord Operator Good afternoon, ladies and gentlemen. And welcome to the Nanalysis…
Laurence Dutton A spin-off from Verint Systems, Cognyte (NASDAQ:CGNT) is a company providing investigative analytics software for governments and global enterprises. All-time share performance since going public in 2021 at a price of $30 has been underwhelming so far. Since the end of 2021, share price has continued to decline, reaching an all-time low of…
MicroStrategy Incorporated (NASDAQ:MSTR) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Shirish Jajodia – Vice President of Investor Relations and TreasuryPhong Le – President and Chief Executive OfficerAndrew Kang – Senior Executive Vice President and Chief Financial OfficerMichael Saylor – Executive Chairman Conference Call Participants Operator Hello everyone and good…
Vicarious Surgical Inc. (NYSE:RBOT) Q1 2024 Earnings Conference Call April 29, 2024 4:30 PM ET Company Participants Kaitlyn Brosco – Head, Investor RelationsAdam Sachs – Co-Founder and CEOBill Kelly – Chief Financial OfficerRandy Clark – President Conference Call Participants Ryan Zimmerman – BTIGAdam Maeder – Piper SandlerJosh Jennings – TD Cowen Operator Hello. And welcome…
Sanmina Corporation (NASDAQ:SANM) Q2 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants Paige Melching – SVP of Investor CommunicationsJure Sola – Chairman & CEOJon Faust – EVP & CFO Conference Call Participants Ruplu Bhattacharya – Bank of AmericaSteven Fox – Fox Advisors LLCAnja Soderstrom – SidotiChristian Schwab – Craig-Hallum Capital Group…
Cushman & Wakefield plc (NYSE:CWK) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Megan McGrath – Head of Investor RelationsMichelle MacKay – Chief Executive OfficerNeil Johnston – Chief Financial Officer Conference Call Participants Anthony Paolone – J.P. MorganMichael Griffin – CitiAlex Kramm – UBSRonald Kamdem – Morgan StanleyPatrick McIlwee –…
Justin Paget/DigitalVision via Getty Images In our January earnings review from Two Harbors Investment Corp. (NYSE:TWO) we rated it a Hold, despite the earnings leaving something to be desired. In Q4, interest rates stabilizing were seen as a benefit for the company, vs. rates that were falling and moving rapidly. The yield curve had been…
Isaac Lee/iStock Editorial via Getty Images Investment Thesis U-Haul’s (NYSE:UHAL) substantial rise due to the pandemic has stalled and reversed, but the company has continued the extraordinary spending in CapEx, resulting in a historical low of its free cash flow. With a weaker demand picture emerging and less room for other strategic spending, the company…
bluecinema/E+ via Getty Images Elevator Pitch I have a Buy rating for Sonic Automotive (NYSE:SAH) stock. I previously wrote about the company’s near-term prospects and capital allocation in my Nov. 14, 2023 update. This article evaluates the growth runway for SAH’s pre-owned vehicle business (EchoPark) and the expectations for its future share buybacks. My decision…
Dragon Claws/iStock via Getty Images TLT, inflation and fiscal sustainability The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) provides investors with exposure to Treasury bonds with extended duration. As pointed out by the TLT ETF’s description (the emphases were added by me), it “seeks to track the investment results of an index composed of U.S….
MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, Founder & Chairman Michael Saylor announced today. BREAKING: MicroStrategy bought 122 more #Bitcoin for $7.8 million. pic.twitter.com/IZWUNj0kHY — Bitcoin Magazine (@BitcoinMagazine) April 29, 2024 “As…
Vernon Wiley/DigitalVision via Getty Images 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…
HNI Corporation (NYSE:HNI) Q1 2024 Earnings Call Transcript April 29, 2024 11:00 AM ET Thompson Research Group Matt McCall – VP, IR and Corporate DevelopmentJeff Lorenger – Chairman, President and CEOMarshall Bridges – SVP and CFO Conference Call Participants Reuben Garner – The Benchmark CompanyGreg Burns – Sidoti & CompanyBudd Bugatch – Water Tower ResearchKathryn…
PT GoTo Gojek Tokopedia Tbk (OTCPK:GTOFF) Q1 2024 Earnings Conference Call April 29, 2024 8:00 AM ET Company Participants Reggy Susanto – Head of Investor RelationsPatrick Walujo – President, Director & Chief Executive OfficerWei-Jye Jacky Lo – Chief Financial OfficerMelissa Siska Juminto – President of E-commerceThomas Husted – Chief Operating OfficerCatherine Hindra Sutjahyo – President…
vzphotos Shares of AbbVie Inc. (NYSE:ABBV) closed nearly 5% lower after the first quarter earnings announcement last week, despite the company beating revenue and EPS expectations. Apparently, investors are worried about the erosion of Humira and the most recent move by Cigna which will offer a biosimilar version of Humira with no out-of-pocket cost to…
Kapook2981/iStock via Getty Images Southeast Asian stocks have, perhaps rightly, been repriced lower following a series of ‘sticky’ inflation reports out of the US and globally. The rationale being that this not only raises the risk of delayed rate cuts by the Fed but, by virtue of the Fed-dependent reaction functions of Asian central banks,…
Samuel Corum The FOMC meeting in May may prove to be a pivot point yet again for a Fed that has struggled to find its way over the last few months and, for a time, appeared to lose control of the market and its battle against inflation. However, with three hot CPI prints in a…
Last week Paypal released a whitepaper in partnership with Energy Web and DMG Blockchain Solutions, describing a “Green Mining Initiative” intended to redirect fees from participating users specifically to certified miners powering their operations with renewable energy. I can’t say I’m surprised by this honestly, mining has at this point become very normalized in terms…
sierrarat/iStock Unreleased via Getty Images Textron (NYSE:TXT) recently provided its first quarter earnings, and TXT stock dropped to a three-month low in response. In this report, I will analyze the results to detect whether the stock price drop was warranted and determine whether I need to revise my buy rating. Textron Outperformed Until Its Q1…
View of Frenchman Mountain and Las Vegas neighbourhood simonkr Red Rock Resorts, Inc. (NASDAQ:RRR) earnings release: May 7th. EPSE: $0.29 We expect a beat ~$0.7 due to ramp of new Durango if early numbers are delivered The Las Vegas local market’s strength has been overlooked by many investors in the gaming sector, who see its…
Adam Gault All eleven sectors of the S&P 500 (SP500) finished higher last week to end a three-week losing streak for the index that was instigated by fears of stalled progress on inflation and a “higher-for-longer” interest rate policy from the Federal Reserve. Reigniting investor enthusiasm were earnings reports from some of our largest technology…
POSCO Holdings Inc. (NYSE:PKX) Q1 2024 Earnings Call Transcript April 25, 2024 2:00 AM ET Company Participants Ki-Seop Jeong – CSOLee Kyung-seop – Chief of LiB Materials BusinessHan Young-ah – Head of FinanceKim Sang-hoon – Managing Director Conference Call Participants Park Hyun-Wook – Hyundai SecuritiesKim Yoon Sang – HI Investment SecuritiesEugene Lee – Eugene Securities…
On Wednesday, the founders of the Bitcoin privacy wallet Samourai Wallet were arrested and charged on behalf of the US Government. The indictment could set dangerous precedents beyond Bitcoin privacy services. “If your government is worried about their own citizens controlling their money, the most important question you have to ask is ‘what the hell…
ChristianChan SPHB strategy Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) started investing operations on 05/05/2011 and tracks the S&P 500 High Beta Index. It has 99 holdings, an expense ratio of 0.25% and a 30-day SEC yield of 1.19%. Distributions are paid quarterly. As described by Invesco in the prospectus, the fund selects… approximately 100…
PM Images The PIMCO High Income Fund (NYSE:PHK) is a closed-end fund that income-focused investors can employ as a means of achieving their goals. This seems only logical given that the name of the fund strongly implies that its intent is to provide its shareholders with a very high level of current income. The fund…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Introduction: The Bitcoin Volatility Premium AMC, an innovative investment product, has quickly become the largest actively…
Hathairat Dokbunnark/iStock via Getty Images Introduction I have been following Ardagh Metal Packaging (NYSE:AMBP) since the company went public through a spinoff from the Ardagh Group, which remains the company’s majority shareholder. Shareholders from day one in AMBP haven’t had a lot of reasons to be too happy yet. Yes, the company pays a handsome…
wolv Thesis CNX Resources Corporation (NYSE:CNX) has a unique strategy, one that emphasizes free cash flow, or FCF. The natural gas producer then allocates much of that FCF to share buybacks and reducing its debt. It’s been a successful strategy, one that has produced Energy sector-leading returns on equity, total capital, and assets, as well…
filadendron Co-authored by Treading Softly In sports, it is important to have a solid defense, but a common phrase goes, “The best defense is a good offense.” The concept behind this phrase is that aggressively scoring points puts pressure on the opposing team to keep up. This gives you two ways to win – either…
luismmolina Shares of European T-Cell receptor therapy concern Immatics N.V. (NASDAQ:IMTX) have traded predominantly below their initial trade on the NASDAQ in 2020 due to a dearth of clinical data. That drought will end in 2024 with readouts anticipated on all four clinical candidates, as well as the expected initiation of a pivotal trial for…
eyesfoto Investment Thesis Frontier Group Holdings (NASDAQ:ULCC) runs its operations through Frontier Airlines, offering an ultra-low-cost air transportation service. The strong point of this company is its unique business model. I believe this company has potential for growth in the future due to several reasons. Firstly, Frontier places a strong emphasis on customer experience. They…
Luis Alvarez Investment summary My recommendation for O’Reilly Automotive (NASDAQ:ORLY) is a hold rating. While I like the competitive advantages and how the business is well positioned to benefit from the current rate environment, my model suggests a limited upside to the ORLY share price. As such, I am initiating a hold rating until the…
The Australian Securities Exchange (ASX), which accounts for the majority of trading volume in Australia, is expected to approve the country’s first spot bitcoin ETFs on ASX before the end of 2024, according to a recent Bloomberg report citing anonymous sources familiar with the matter. BREAKING: 🇦🇺 Australia to approve the spot #Bitcoin ETFs before the…
Survey Monday The latest FOMC meeting is up later this week, and most market participants have mixed views on when rate cuts could start. Will investors see any cuts in 2024? · Yes· No Take the survey here and don’t forget to share your thoughts in the WSB comments section. Self-driving push Tesla (TSLA) is…
slobo Listen below or on the go on Apple Podcasts and Spotify Philips (PHG) to pay $1.1B to settle U.S. litigation over recalled sleep apnea devices. (00:26) Turkey in talks with Exxon (XOM) over multibillion dollar LNG supply deal – FT. (01:53) Skydance makes ‘best and final’ offer for Paramount Global (PARA) – Bloomberg. (02:54)…
P_Wei It’s been six months since I last covered California land holding and development company Tejon Ranch (NYSE:TRC). At the time, I had grown somewhat less pessimistic about the firm’s prospects, raising my rating from “sell” to “hold”. Given the persistently higher levels of inflation, some investors are starting to look for inflation hedge securities…