Finance News
JetBlue EMB-190 lines up at JFK Airport Eliyahu Parypa/iStock Editorial via Getty Images The past nine months have been some of the most difficult any single airline has faced in the history of U.S. aviation. Almost a year ago, American Airlines Group Inc. (AAL) and JetBlue Airways Corporation (NASDAQ:JBLU) saw their Northeast Alliance – NEA…
Marc Dufresne The recently released Federal Budget is looking to boost revenue through new taxes. But it also includes more than $50B in new spending over the next five years. Hafiz Noordin, VP & Director, Active Fixed Income Portfolio Management at TD Asset Management, looks at the implications for the Bank of Canada’s efforts to…
Ekahardiwito Subagio Purwito/iStock via Getty Images KKR & Co. (NYSE:KKR) is a leading alternative asset manager (aka private equity). Many consider it the pioneer of the industry and the second most important player today. Despite posting plenty about alt managers, it is my first on KKR. There is a specific reason for it, as will…
Hispanolistic After reporting better-than-expected Q1 2024 results, Ally Financial Inc. (NYSE:ALLY) is already up more than 20% since I last covered the stock in January of this year Seeking Alpha About a year ago, I showed why comparisons between ALLY and other poorly governed financial institutions were not appropriate and indicated that the company could…
SDI Productions Shares of Western Alliance Bancorporation (NYSE:WAL) have recovered strongly from their banking crisis lows of a year ago, up about 69%. Shares though did fall about 1% on Thursday after-hours in the wake of its Q1 earnings report, likely in part due to some profit taking. Since recommending shares as a buy in…
Paper Boat Creative Quant Investment research and stock picks come from many places, but not all resources are created equal. Computer-driven strategies – the power of quantitative analysis and collecting and analyzing numerical data in a fraction of the time – offer investors the opportunity to instantly evaluate stocks to help avoid companies with poor…
Gary Yeowell Texas Capital Bancshares (NASDAQ:TCBI) has just released its Q1 2024 results and the market first reacted positively (+3.50% in pre-market): GAAP EPS of $0.46 misses by $0.12. Revenue of $256.33M (-6.0% Y/Y) beats by $3.25M. The net interest margin has returned to growth and management is confident of a price-per-share recovery. In fact,…
William Barton Thesis GSK plc (NYSE:GSK) trades at low price multiples relative to competitors. At the surface, it looks like a good buy. However, in my opinion, the lower multiples reflect weaker later stage pipeline relative to competitors. Current pipeline will not face significant patent expirations over the next couple of years, but GSK needs…
DNY59 Track fixed income opportunities with this monthly update. One way to identify opportunities in fixed income is to look at bond yields. That’s because yield, which is based on a bond’s price and coupon payments, reflects total return potential. Yields can change over time and across bond sectors. Spread, which refers to the difference…
Robert Way China’s leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran’s drone attack on Israel last week In gold-crazy China, the showroom of Chow Tai Fook Jewelry Group Ltd. (OTCPK:CJEWF, OTCPK:CJEWY, 1929.HK) in Hong Kong’s Central business district is a bit of fantasy land featuring the many…
Boy Wirat I’ve only recently returned from several weeks in Argentina. I didn’t have access to my charts, and besides, I was rather more interested in people, food, and wine than in blogging. Time now to catch up on the market’s latest focus: Is inflation still stubbornly high? Does the Fed need to tighten more?…
Kosal Hor/iStock via Getty Images Summary Following my coverage of J.B. Hunt Transport Services (NASDAQ:JBHT) (published on 5th Feb 2024), that I recommended a buy rating as I was positive about the growth recovery trend, which I thought was evident in the intermodal [IM] segment volume performance, this post is to provide an update on…
tadamichi It’s not often that the bluest of the blue chip compounders go on sale. And knowing this, when these moments arrive, I do my best to tune out the macro noise and buy shares. Yes, a war between Israel and Iran is scary. And that’s just one of many geopolitical headwinds that the market…
Richard Drury The Vanguard Information Technology ETF (NYSEARCA:VGT) is down over 7% over the past three weeks, which is equivalent to around 10 years of the ETF’s dividend yield. VGT has underperformed the return on cash since its 2021 peak, which marks a two and a half year period of zero excess returns, which included…
Sundry Photography Amid softer macro trends across the globe, many companies have taken to one overarching strategy for solving top-line pressures: increased pricing. I’m generally wary of this strategy as a lever to chase long-term revenue growth, as price increases are more of a one-time driver that fades from a y/y growth perspective as soon…
Monty Rakusen Article Thesis ASML Holding N.V. (NASDAQ:ASML) is one of the most important companies in the wider chip industry. The company’s most recent earnings results, reported on Wednesday morning, were uninspiring, however, which caused a steep sell-off. For longer-term investors who believe in the chip story, this share price decline could be a buying…
imagedepotpro Dear readers, Last time I wrote an article on the S&P 500 (NYSEARCA:SPY), the index stood at 5,150 points. My view on the index had been short-term positive since November, mainly due to momentum, but because of a relatively expensive valuation at a forward P/E of nearly 21x, I remained medium to long-term bearish….
Gary Yeowell Summary Following my coverage of CSX Corp. (NASDAQ:CSX), for which I recommended a buy rating given the strong business moat and positive volume outlook through 2024, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for CSX, as 1Q24 results proved my…
Oat_Phawat Gold is one of the best-performing assets of 2024, rising by 15% year-to-date and 11% over the past month. Over that period, stocks and bonds have, for the most part, stagnated. Interestingly, the US dollar has also performed well this year, a rare instance of gold and the dollar rising together. Fundamentally, that may…
We Are The shine has come off once-high-flying tech stocks in recent months. The Information Technology sector is barely outperforming Treasury bills thus far in 2024 while other sectors such as Energy and Utilities have performed well in the last month. It comes as the macro backdrop turns murkier, with recalcitrant inflation fears and concerns…
Lock Stock Thesis Shift4 Payments’ (NYSE:FOUR) stock saw a massive spike after reporting Q4 earnings. This was likely due to the combination of a good earnings report/guidance and M&A speculation. No M&A activity ended up taking place, and since then the stock has declined precipitously. We believe the recent selloff is overdone and that long-term…
travelpixpro Thesis The first step in investing is understanding what you are buying and the risk factors involved. Say you want to buy bonds – you need to understand the difference between treasuries, corporate bonds and junk bonds in order to zone in the sector that is most suitable for your investment style. The same…
JHVEPhoto/iStock Editorial via Getty Images Shares of Ally Financial (NYSE:ALLY) jumped 7% on Thursday after reporting strong quarter. This rally added to substantial gains of 43% over the past year for ALLY as credit losses have not been as bad as some feared. Shares have also rallied 44% since I rated them a buy last…
Netflix, Inc. (NASDAQ:NFLX) Q1 2024 Earnings Conference Call April 18, 2024 4:45 PM ET Company Participants Spencer Wang – VP, Finance, IR and Corporate DevelopmentTed Sarandos – Co-CEOGreg Peters – Co-CEOSpencer Neumann – CFO Conference Call Participants Spencer Wang Good afternoon, and welcome to the Netflix Q1 2024 Earnings Interview. I’m Spencer Wang, VP of…
Five Point Holdings, LLC (NYSE:FPH) Q1 2024 Earnings Conference Call April 18, 2024 5:00 PM ET Company Participants Dan Hedigan – CEOKim Tobler – CFOStuart Miller – Executive Chairman Conference Call Participants Alan Ratner – Zelman & AssociatesMyron Kaplan – Private Investor Operator Greetings, and welcome to the Five Point Holdings, LLC First Quarter 2024…
Janina Steinmetz Summary Match Group, Inc. (NASDAQ:MTCH) is the largest player in the online dating market, owning a portfolio of 14 of the most popular and well-known brands, including the marquee product, Tinder. Following a strong rebound coming out of COVID-19, paying user growth has slowed dramatically, and turned negative at Tinder. This, along with…
Hinterhaus Productions The Pioneer High Income Fund, Inc. (NYSE:PHT) is a closed-end fund, or CEF, that income-focused investors can purchase in pursuit of their goals. As is frequently the case with closed-end bond funds, the Pioneer High Income Fund has a reasonably attractive yield. At least, its yield is very reasonable compared to the incredibly…
Cohen & Steers, Inc. (NYSE:CNS) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants Brian Heller – SVP & Corporate CounselMatthew Stadler – CFOJoseph Harvey – CEO & PresidentJon Cheigh – Chief Investment Officer Conference Call Participants John Dunn – Evercore ISIAdam Beatty – UBS Operator Ladies and gentlemen, thank you…
First Industrial Realty Trust, Inc. (NYSE:FR) Q1 2024 Earnings Conference Call April 18, 2024 11:00 AM ET Company Participants Art Harmon – SVP of IR and MarketingPeter Baccile – President and CEOScott Musil – CFOJojo Yap – CIOPeter Schultz – EVPChris Schneider – EVP, Operations Conference Call Participants Ki Bin Kim – TruistRob Stevenson –…
Tonktiti Brief History Bumble (NASDAQ:BMBL) was founded by Whitney Wolfe Herd as a “female-first” alternative to existing dating apps. Having cut her teeth as an early executive at Tinder (currently owned by competitor Match Group), Wolfe Herd believed women that used dating apps were turned off by stories of aggressive engagement by men and would…
Banner Corporation (NASDAQ:BANR) Q1 2024 Earnings Call Transcript April 18, 2024 11:00 AM ET Company Participants Mark Grescovich – President and CEORich Arnold – Head of IRJill Rice – CCORob Butterfield – CFO Conference Call Participants Andrew Liesch – Piper SandlerAndrew Terrell – Stephens, Inc.David Feaster – Raymond JamesKelly Motta – KBWTimothy Coffey – Janney…
hapabapa Accelerating In 2023, Affirm Holdings, Inc. (NASDAQ:AFRM) held an investor day in which it rigorously detailed the nature of its business and its future prospects. To save you some time, the one, and most essential, idea shared that day was articulated by Affirm’s CTO. He remarked, There’s over $1T of revolving consumer debt in…
Caiaimage/Martin Barraud/iStock via Getty Images Zymeworks Inc. (NASDAQ:ZYME) is a clinical-stage biotechnology company focused on developing innovative therapies for challenging to treat cancers and other serious conditions. ZYME leverages proprietary platforms concentrated on Multispecific Antibody Therapeutics and Antibody-Drug Conjugate Technologies. These platforms drive the creation of treatments to support a dynamic pipeline of drug candidates,…
Bank OZK (NASDAQ:OZK) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants Jay Staley – Director of Investor Relations and Corporate DevelopmentGeorge Gleason – Chairman and Chief Executive OfficerBrannon Hamblen – PresidentTim Hicks – Chief Financial OfficerCynthia Wolfe – Chief Operating Officer Conference Call Participants Stephen Scouten – Piper SandlerCatherine Mealor…
Monty Rakusen United States Steel Corporation (NYSE:X) is in the news again after President Joe Biden stated the firm would remain “American owned,” promising that a foreign sale will not be allowed for as long as he’s in power. We covered U.S. Steel a few months ago, before the Nippon (OTCPK:NPSCY) merger agreement. Our analysis…
krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…
Galeanu Mihai/iStock via Getty Images By Samantha McLemore A Differentiated View on Diversification “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” – Misquote by Charles Darwin Patient Opportunity Equity strategy advanced 11.8% net of fees in the…
stecks05/iStock via Getty Images In between cheering on the women in the NCAA® Final Four® tournament in Cleveland, which Invesco QQQ proudly sponsors, I had the privilege of participating in a financial literacy panel for female student athletes. It was an honor to share a stage with women’s professional basketball great Candace Parker and Fidelity…
jetcityimage UnitedHealth Group (NYSE:UNH) investors can breathe a sigh of relief after a highly anticipated first-quarter report that beat expectations. Viewed by many as a sleep-well-at-night investment, the healthcare powerhouse was everything but that over the past several months. A mixed bag of elevated utilization trends, regulatory scrutiny, DOJ probe, cyber attack, and a disappointing…
Editor’s note: Seeking Alpha is proud to welcome Pivotal Biotech as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Hiroshi Watanabe Summary On…
Walter Bibikow By Carsten Brzeski & Francesco Pesole Everything looked so easy for the ECB. Last week’s meeting had not only opened the door widely to a June rate cut, but upcoming data releases with some softening of wage growth and inflation would allow the ECB to walk through that door. The ECB’s own inflation…
Maikel de Vaan Introduction Per my July 2023 article, ASML (NASDAQ:ASML) is a powerhouse. The business remains outstanding but the stock can be another matter. My thesis is that the company is still wonderful, but the stock does not look cheap based on the latest financials from the 1Q24 results and the 2023 annual report….
DNY59 Introduction I’ve previously published articles here on Seeking Alpha, covering the Virtus InfraCap US Preferred Stock ETF (NYSEARCA:PFFA). Since the last article was published in January 2024, PFFA was up smartly riding the expectation that the Federal Reserve would begin an aggressive interest rate reduction campaign as early as March. Over the last couple…
G0d4ather Introduction I had a thesis about Broadcom’s (NASDAQ:AVGO) stock in January 2024 with a “Strong Buy” rating. Since my first publication, AVGO’s price increased by more than 3%. The stock’s dynamic is better than S&P 500, meaning that my thesis is keeping up well. It seems that the market sentiment around semiconductor stocks is…
timnewman/E+ via Getty Images The electric vehicle space has been one of the most competitive industries in recent years. Unfortunately for investors, many startups in this space have seen their stocks plunge as growth targets have been missed and large losses and cash burn have piled up. On Wednesday, we received the latest results from…
Alexandr Lebedko Introduction and thesis WD-40 Company (NASDAQ:WDFC) is a global consumer products company known for its iconic WD-40 Multi-Use Product, as well as a range of household maintenance and cleaning products. The company was founded in 1953 and is headquartered in San Diego, California. WD-40 is a fantastic business that is managed impeccably. Its…
Klaus Vedfelt Amid all-time highs for gold and sticky inflation, we turn our eye to the concerning fiscal outlook for 2025. Investors should be prepared. They say that no one rings the bell at market tops and bottoms, but some important bells are ringing. Most importantly, gold prices are hitting all-time highs despite outflows from…
Richard Drury Summary We think Tyler Technologies (NYSE:TYL) has been taking measured steps to control costs and enhance its free cash flow (or FCF) generation. We, however, view some of the attempts towards reducing the clutter on the balance sheet as a possible effort towards readying the company for a potential buyout. However, the valuation…
champpixs Robert Shiller’s cyclically adjusted price-to-earnings ratio (CAPE) is approaching historically high levels. In fact, CAPE’s current value has been exceeded only twice since 1900. But should you care? Investment professionals know that despite CAPE’s historical tendency to anticipate equity market returns, it isn’t a reliable market-timing tool. The evidence discussed here offers a possible…
TU IS Investment Thesis Braze, Inc. (NASDAQ:BRZE) provides a platform for businesses to engage with their customers across various channels like emails and app notifications, think Salesforce (CRM) or HubSpot (HUBS). They specialize in personalized messaging, helping businesses communicate with their customers. Braze’s bull case is focused on this company’s fast progression towards break-even profitability….