South_agency Investment Thesis I recommend buying Suzano (NYSE:SUZ) shares. The company is the world’s largest producer of eucalyptus short fiber pulp and has great competitive advantages for operating in Brazil, whose climate, soil and trees offer faster planting and a consequently more competitive cost. The company has grown strongly in recent years with M&As. Furthermore,…
Jardine House, Hongkong – The company’s HQ BERK OZDEMIR/iStock Editorial via Getty Images A few years ago, I took a deep dive into Jardine Matheson Holdings Limited (OTCPK:JARLF;OTCPK:JMHLY). At the time, there were actually two ways to get exposure to the same business, albeit at slightly different relative position sizes, as a second listed holding…
EschCollection Thesis Six months ago, we started covering the AllianceBernstein Global High Income Fund (NYSE:AWF), assigning it a ‘Buy’ rating at the time on the back of an attractive discount to NAV profile and high corporate spreads. The fund has outperformed, delivering a total return exceeding 10%: Original Rating (Seeking Alpha) We are going to…
marrio31 Shares of Viking Therapeutics (NASDAQ:VKTX) have surged in the last 12 months, driven by the success of its obesity candidate, the subcutaneously administered VK2735. VK2735’s efficacy, safety and tolerability data to date look very competitive, even when compared to the so-called triple G agonists such as Eli Lilly’s (LLY) retatrutide. And more recently, the…
Sundry Photography Strong Q3 But Concerning Q4 Guidance Atlassian (NASDAQ:TEAM) released its Q3 2024 earnings report on April 25, delivering strong revenue and EPS growth of 30% and 65% YoY, respectively (see below). Atlassian Q3 earnings (Seeking Alpha) However, the market didn’t like the report, as the stock price declined due to concerns over Q4…
blackred/E+ via Getty Images The following segment was excerpted from this fund letter. ENDI Corp. (CrossingBridge Advisors, OTCQB:ENDI) Over the past nine months we have been able to build up a decent size position in ENDI Corp at around $4 per share, or two times earnings net of cash. It has since climbed to above…
hapabapa Introduction & Investment Thesis Zillow (NASDAQ:Z) is an online real estate marketplace that has severely underperformed the S&P 500 and Nasdaq 100 YTD. The company reported its Q1 FY24 earnings on May 1st, where revenue and earnings grew 13% and 20% YoY, respectively, beating estimates. However, the stock declined 6% after earnings. While the…
PM Images I’ve been covering the realm of ultra-short securities for quite some time. I’ve written Buy and Strong Buy articles about many ultra-short bond ETFs, and even one about how great Money Market Funds are these days. In most of the articles, I discuss the fact that ultra-short assets are attractive now, but might…
wdstock It’s been a rough couple of weeks in the markets leading into big-tech earnings season, as the macroeconomic backdrop is becoming increasingly negative, taking AI-mania’s spot in the center of attention. Microsoft (NASDAQ:MSFT), one of the leaders of the AI craze, is set to report its fiscal third-quarter results this Thursday, April 25th. Investors…
Justin Sullivan/Getty Images News Introduction and Background The market, as a whole, continues to appear to be overvalued, and it has been hard to find good opportunities to put my capital to work at valuations that I am comfortable with. I am not necessarily a deep value investor, but I also don’t like to feel…
Nickbeer/iStock Editorial via Getty Images Investment summary My recommendation for Watches of Switzerland Group (OTCPK:WOSGF) is a buy rating. Two major driving factors have caused the share price to fall by 70% since the recent peak, and I believe the equity value has been over-punished. I don’t believe WOSGF’s position in the distribution chain has…
Martin Barraud Written by Nick Ackerman, co-produced by Stanford Chemist. The last time I touched on Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) was to discuss why I had added to my position. The primary driver was that the fund looked relatively attractive in terms of its relative discount being wider than its historical…
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…
bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight…
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…
PM Images Shareholders of AbbVie Inc. (NYSE:ABBV) should be thrilled with its overall results, as just the appreciation over the past decade has outperformed the market. Shares of ABBV have appreciated by 248.90% over the past decade and by 104.87% over the past 5 years. The SPDR S&P 500 ETF Trust (SPY), which is what…
Sunshine Seeds Note: I previously covered Impala Platinum (OTCQX:IMPUY) in November 2023. I discussed the company’s strengths: excellent capital structure, quality assets, and cheap valuation. At the time of publishing, it was too early to buy. Over the last few months, the narrative about PGMs has been shifting. Automotive companies are backing down from BEV…
PM Images Written by Nick Ackerman, co-produced by Stanford Chemist. The last time we were giving Cohen & Steers Infrastructure Fund (NYSE:UTF), it slipped to an attractive discount level relative to its net asset value per share. That made it look more appealing for investors looking to pick up a position in this fund. However,…
onurdongel Despite delivering massive growth as an industry, the solar sector has not been particularly kind to investors. For example, Invesco’s (IVZ) Solar ETF (TAN) has massively underperformed the S&P 500 index (SPY) and the very popular Invesco technology trust ETF (QQQ). Still, investors that have solely focused on companies specializing in solar inverters have…
undefined/iStock via Getty Images Introduction At the end of 2023, Seapeak owned an “average” 21 LNG carriers and 21 NGL carriers on a consolidated basis throughout the year. I was mainly interested in the LNG vessels as the sole reason to have a long position in Teekay LNG Partners. I also owned the preferred shares…
Aerial view of production and engineering facility of automotive company Magna Powertrain Photofex/iStock Editorial via Getty Images In our last coverage of Magna International (NYSE:MGA), (TSX:MG:CA) we had a bullish outlook. That outlook was tempered by the risks facing the company and we suggested that the best way to play this was via defensive covered…
sommart Axos Financial, Inc. (NYSE:AX), founded in 1999 and headquartered in Las Vegas, Nevada, is a diversified financial services company that provides consumer and commercial banking products nationwide. From the fast growth of the business to the promising outlook and strong solvency/liquidity profile, there is a lot to like here. But the current price is…
outline205 Thesis The iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) is a large fixed income ETF from BlackRock. As per its literature: The iShares Core Total USD Bond Market ETF seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment grade or high-yield. The followed…
Osvaldo Maldonado/iStock via Getty Images Whirlpool Corporation (NYSE:WHR) is one of the most well-known brands among household appliances. From fridges through washers and dryers to ice makers, WHR manufactures and sells a wide variety of products. We have already published three articles about WHR and its business since the start of our coverage in June…
da-kuk Written by Nick Ackerman, co-produced by Stanford Chemist. With hotter-than-expected inflation data, we could be looking at interest staying higher for longer. That could bode well for funds that look specifically for “limited duration” or “intermediate duration.” One such fund in the preferred and income space is the First Trust Intermediate Duration Preferred &…
prill Introduction I wanted to check in on Everspin Technologies (NASDAQ:MRAM) since its share price has come down around 20% since my last article, in which I changed my stance to a hold and said that I would like to see the share price come down to around $7.50 before adding to a position or…
Rafmaster VFMF strategy Vanguard U.S. Multifactor ETF (BATS:VFMF) is an actively managed fund launched on 02/13/2018. It has 494 holdings, a 30-day SEC yield of 1.33%, and a total expense ratio of 0.18%. Distributions are paid quarterly. As explained in the prospectus by Vanguard, The advisor uses a quantitative model to evaluate all of the…
mapo/iStock via Getty Images Thesis I last wrote about the Vanguard Real Estate ETF (NYSEARCA:NYSEARCA:VNQ) back in August 2023 (see the next chart below). In that article, I argued for a buy thesis on the ticker based on its attractive yield spread relative to the risk-free rates (approximated by the 10-year treasury rates). Seeking Alpha…
Michael M. Santiago Thesis One of the main beneficiaries of the regional banking crisis last year was JPMorgan (JPM), an international systemically important bank. JPM represents in our view one of the best run banks and is able to achieve the rare feat of paying 0.01% on their checking and savings accounts currently: Checking &…
CuorerouC/iStock Editorial via Getty Images Since early March 2022, our team has had a long-standing buy rating on Ferrari (NYSE:NYSE:RACE). With a publication called Ferrari To RACE Again, we recorded a triple-digit stock price appreciation (Fig 1). In 2024, we were also expecting an Outperformance, but we believe the company’s valuation isn’t attractive. While we…
mouu007 Warren Buffett once said: Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. Right now, numerous high yield dividend stocks (SPYD) presents investors with such an opportunity. In this article, we will discuss why and share some of our top picks of the moment. Why High Yield Dividend Stocks…
Juliano703/iStock via Getty Images Investment Thesis Fastenal Company (NASDAQ:FAST) stock has soared more than 152% over the last five beating the S&P 500 by a margin of about 66%. Seeking Alpha Following this solid upward trajectory, this stock is currently trading at a premium something which rules it out as a good value investment. However,…
gorodenkoff Viant (NASDAQ:DSP) is a people-based technology advertising company developing a platform for marketers to use first-party data for customer targeting. Share performance has been lackluster. Having gone public at a price of $65.5 in 2021, DSP trended down sharply for the rest of the year, before moving sideways between $4 – $5 until the…
CloudVisual Introduction The dry bulk segment offers excellent risk-reward at the present stage of the shipping cycle-especially for Capesize vessels. In my opinion, we are in the first half of the cycle’s expansion phase, so the odds are skewed in investors’ favor. There are a few shipping stocks to bet on that theme. I have…
JHVEPhoto/iStock Editorial via Getty Images March 20th ended up being a very interesting day for shareholders of Topgolf Callaway Brands (NYSE:MODG). Shares of the business spiked, climbing as high as 15.1% before closing 8.8% higher. This was in response to a report that the business could very well be up for sale. The allegation was…
Lemon_tm Written by Nick Ackerman, co-produced by Stanford Chemist. BlackRock Enhanced Capital and Income Fund Inc (NYSE:CII) continues to trade at an attractive discount. The fund’s performance has been quite strong thanks to the heavy tech exposure it carries. This is a closed-end fund that benchmarks against the Russell 1000 Index and also implements a…
Anchiy/E+ via Getty Images Summary Following my coverage of Life Time Group Holdings (NYSE:LTH), for which I recommended a buy rating as I believed the fundamentals were actually improving, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for LTH despite the lower growth…
Angelo D’Amico/iStock via Getty Images Pfizer (NYSE:PFE) has had a rough few quarters. Following a massive boom in revenue and profits that was the direct result of the company’s prominent Covid products – including the vaccine (Comirnaty) and Paxlovid – shares have plunged as the pandemic has broadly receded as a global threat: TradingView However,…
shih-wei Written by Nick Ackerman, co-produced by Stanford Chemist. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) delivered some solid returns in 2023 and is starting off with a strong 2024 as well. Of course, this is thanks to the fund’s heavy allocation to the mega-cap tech names. 2024 doesn’t look like it is so much…
champc Written by Nick Ackerman, co-produced by Stanford Chemist. BlackRock Enhanced Equity Dividend Fund (NYSE:BDJ) hasn’t moved too much since our last update near the end of December. The fund has provided some positive returns, but the discount has remained basically static during this time. That means it’s still trading near historically wide levels, and…
champc Written by Nick Ackerman, co-produced by Stanford Chemist. BlackRock Enhanced Equity Dividend Fund (NYSE:BDJ) hasn’t moved too much since our last update near the end of December. The fund has provided some positive returns, but the discount has remained basically static during this time. That means it’s still trading near historically wide levels, and…
Evkaz Preferred securities are trading at attractive discounts, however, just as many are looking to manage their Mag 7 exposure, we believe the same risk management applies to preferreds as well. Preferred securities prices were hit hard during the rate hiking cycle, leading to valuations not seen since the Global Financial Crisis and creating an…
LumiNola Investment action I recommended a buy rating for Clarivate Plc (NYSE:CLVT) when I wrote about it the last time, as the business has turned its organic growth around to positive territory, and there are tailwinds that I expected would drive organic growth even higher. Based on my current outlook and analysis, I recommend a…
ExperienceInteriors Summary Readers may find my previous coverage via this link. My previous rating was a hold, as I believed Armstrong World Industries (NYSE:AWI) would continue to see pressure from the elevated inflation and uncertain economic outlook. Despite the initiatives implemented, I thought it was tough to assess the likelihood of success. As it turns…
Thossaphol Introduction It’s been over two years since I last covered WEC Energy Group, Inc. (WEC) when I compared it to my two long-term utility picks, The Southern Company (SO) and Duke Energy Corp. (DUK). Back in November 2021, interest rates were still extremely low and WEC stock was trading at around $90, which at…
wildpixel The main draw here is that recent spin-off Mural Oncology (NASDAQ:MURA) reported $275M in cash in their January 2024 investor presentation (as of Nov 1, 2023). That works out to approximately $16.47/share in cash, compared to a current stock price of $5.39/share. Now, the catch is that this is a biotech company investing in…
JHVEPhoto/iStock Editorial via Getty Images Multinational Japanese drug company, Takeda Pharmaceutical (NYSE:TAK) reported a 4.6% (YoY) growth in Q3 2023 revenue in the 9 months to December 31, 2023. Sales grew to JPY 3.2 billion from JPY 3.0 billion in the prior year driven by positive foreign exchange moves (forex) and pipeline advancements. The stock…
garett_mosher Starbucks Corporation (NASDAQ:SBUX) hasn’t been participating in the upside rebound of the overall broader market indexes over the last four months. Instead, shares of the coffee chain have been moving mostly sideways. Over the last six months, it’s been even more noticeable in terms of the divergence of SBUX relative to (SPY) and even…
Daniel Balakov We present our follow-up note on OCI N.V. (OTCPK:OCINF), a leading global fertilizer company. We previously issued a Buy rating on the stock, highlighting the strong tailwinds of the nitrogen and methanol businesses, the exposure to green trends, significant free cash flow generation, and a valuation discount. The stock has returned nearly 16%…
Thomas Barwick In September 2023, I put a buy rating on OMAB stock and while I do believe airport stocks do offer compelling investments capitalizing on long-term trends in the air travel markets, the stock lost around 20% of its value. The decline in stock prices was driven by regulatory changes to the tariff rules…