Enbridge Pipeline on the Map wwing/iStock via Getty Images We upgraded Enbridge Inc. (NYSE:NYSE:ENB, TSX:TSX:ENB:CA) from a buy to a strong buy when we wrote on it earlier this year. This upgrade was based on our review of the Q4 numbers. Fantastic execution of a recent purchase, a good standing with the credit agencies and…
ismagilov Palantir Technologies (NYSE:PLTR) recently reported its Q1 results. You can see my analysis after they reported their Q4 2023 results here where I considered the stock to be overvalued and overhyped, assigning it a Sell rating in the process. The stock continues to be range-bound despite the company generating strong growth due to valuation…
Ryan McVay/DigitalVision via Getty Images The month of May has been a blockbuster so far for the bulls, as the major market indexes erase the April showers that shed more than 5% off the S&P 500 from its all-time high. Corporate earnings reports continue to impress, the dollar has started to weaken again, and both…
luza studios A Follow Up I am writing this as a follow-up to my previous article on HUT 8 Corp (NASDAQ:HUT) (TSX:HUT:CA) published on Seeking Alpha on 11 Dec 2023. Since then, many changes have happened at HUT: After its merger with US Bitcoin Corp (USBTC) on 30 Nov 2023, HUT obtained the court approval…
24K-Production Investors in embattled specialized hospital REIT operator Medical Properties Trust, Inc. (NYSE:MPW) were likely stunned the recent release of MPW’s fourth-quarter earnings results didn’t lead to a further downfall in its stock. As a result, the dip-buying momentum following its January selloff seems to have continued in earnest as investors consider whether the “bad…
nicodemos/iStock via Getty Images Verona Pharma plc (NASDAQ:VRNA) has submitted a marketing application to the US FDA for its drug ensifentrine, for the maintenance treatment of chronic obstructive pulmonary disease (COPD). This article takes a look at some of the bull and bear case points for VRNA. The Phase 3 studies Ensifentrine, an inhibitor of…
ugurhan Emerging markets bonds once again outperformed DM bonds, this time in a bond bull market year. The VanEck Emerging Markets Bond Fund was up 3.88% in December, compared to 4.12% for its benchmark. Egypt (dollar-denominated) was the biggest outperformer, along with Chile (local- and hard currency) and Colombia (local currency). Thailand, Indonesia, and Romania…
AnnBaldwin/iStock via Getty Images We previously covered Verizon Communications Inc. (NYSE:VZ) in October 2023, discussing how its excellent financial performance had been negated by the sustained stock sell-off. With it already losing much of its value over the past few quarters, we had taken the prudent choice to re-rate the stock as a Hold, with…
Justin Sullivan A Great Paradox What would you think if I told you a major American tech business that is growing its core operations while enjoying numerous tailwinds has dramatically underperformed the market in the past 5 years? While the market is great at allocating capital to good businesses over time, sometimes Wall Street can…
smshoot Prologue Since 1928, there have been 9 back-to-back 20%+ years for the S&P 500 Index (SP500)(SPX): 1935/6, 1950/1, 1954/5, 1975/6, 1982/3, 1995/6, 1996/7, 1997/8, 1998/9. Not a single back-to-back 20%+ year for SPX in the 21st century. Based on the market 2024 EPS consensus, SPX will need to trade at a forward P/E of…
NicoElNino Fed Policy: Long and Variable Lags In early June, we examined the performance of stocks relative to bonds to see what we could learn about the soft versus hard landing question. At that time, the stock/bond ratio was siding with the soft-landing scenario, which thus far has been the case. Since we know Fed…
Maxiphoto Investment Thesis Matterport, Inc. (NASDAQ:MTTR) creates immersive 3D virtual tours for real estate, allowing users to explore properties remotely and gain detailed insights. The company goes further by evolving into a property intelligence agent, offering unique solutions that digitize physical spaces, streamline workflows, and revolutionize the way we interact with the built world. Matterport…
Ben Hider/Getty Images Entertainment I wrote a piece on the long and confusing history of International Business Machines (NYSE:IBM) moving up strongly when Wall Street is generally rolling over in price. For example, IBM reached multi-year highs in early 2020, right as the COVID-19 pandemic was starting to make headlines. This awkward and hard to…
PM Images Investment Overview Organon & Co. (NYSE:OGN), formed via Pharma giant Merck & Co.’s (MRK) spinout of its Established Brands, Women’s Health and Biosimilars divisions, announced its Q3 earnings on Thursday, November 2. I covered Organon’s Q2 earnings in a deep dive note for Seeking Alpha in August. I gave the stock a “Hold”…
ferrantraite Interest rates are down strong because of the “Powell Pivot”, what’s the problem? This is a year full of sharp reversals, and now that Powell has most definitely pivoted, shouldn’t we all be celebrating lower rates? Starting Wednesday treasury yields fell after the Treasury Department released its borrowing plans for the next few months….
Spencer Platt/Getty Images News 2023 has been an amazingly frustrating year for bank shareholders. The fundamentals have generally been pretty good, particularly for the big banks, but the bears have been quite successful in driving prices down based on dire innuendo, or even bank runs on several banks that ended up failing as a result….
Sabine Hortebusch/iStock via Getty Images The Inflection Point An inflection point is a moment in time when small but critical events determine long term trends. We think today is such a moment (red circle) and is defined by this question: “Is the recent, two month, 8% decline just a normal correction in a bull market…
Andrii Yalanskyi While long-term interest rates stabilized, the major market averages all edged lower, as investors brace for this morning’s jobs report, which pundits say will help determine whether the Fed holds steady or raises rates again at its November meeting. Weekly unemployment claims remain stubbornly low with just 207,000 filing in the latest week,…
DNY59 Because this subject can easily lead down many avenues of discussion (and disagreements), I’m going to make it short for my own sanity and well-being. Stocks are Really Bonds in Disguise By survey, few people know how a stock is actually valued – and there is a simple test. Can you write down the…
sitox I was one of those people who were skeptical about Nvidia Corporation’s (NASDAQ:NVDA) growth potential due to the increase in geopolitical risks. I also changed my mind a few months ago when the company aggressively increased its guidance just as I was testing various generative AI apps to improve my workflow efficiency. Since Nvidia…
niphon/iStock via Getty Images I think Fed officials set the stage for one of the greatest bear traps of all time yesterday with the adjustments they made to their Summary of Economic Projections. What is a bear trap? It is a false signal that a reversal is coming from what was an up-trending stock market…
Chris sits down with Julian Liniger from Relai to talk about surviving the bitcoin bear market, what they have been building over the last 12 months, what does Relai hope to accomplish in the near term and what are Julian’s thoughts on new regulations coming to Europe around Cryptocurrencies. Check out the full interview on…
DieterMeyrl/E+ via Getty Images Introduction More changes are coming to my Weekly Breakout Forecast reporting on the doctoral research analysis of MDA breakout stock selections over more than 8 years. This high frequency breakout portfolio subset I regularly release has now reached 327 weeks of public selections on Seeking Alpha as part of this ongoing…
LordHenriVoton There will be a lot of market-moving news this week This week has a lot of known unknowns to be discovered, Does the strident leader of the UAW strike all three unionized car makers this week? Will the CPI and PPI beat estimates on lower inflation (Just meeting estimates won’t be good enough)? Will…
PixelsEffect It’s been an excellent year for stock market investors with the S&P 500 (SP500) returning more than 17% thus far and nearly 30% higher from the 2022 lows. The combination of a resilient economy, easing inflation, and strong corporate earnings surprised a lot of very smart people from this time last year. We’ve been…
Kameleon007 “Your mind is like a parachute: If it isn’t open, it doesn’t work.” – Buzz Aldrin There are many aspects of navigating the financial markets that offer little to no value to an investor. Perhaps there is no bigger one than arguing about whether it’s a BULL or BEAR market. For one thing, these…
undefined undefined August in review Gold declined marginally by 1% in August, in the face of higher yields and a stronger dollar Sentiment remained weak for most of the month as ETFs continued to lose AUM while COMEX managed money net long futures positions fell to a five-month low. Looking forward Since July, long-dated yields…
SlavkoSereda/iStock Editorial via Getty Images In a previous article discussing Raiffeisen Bank International AG (OTCPK:RAIFF; OTCPK:RAIFY), I identified two main risks: the bank’s significant reliance on its Russian subsidiary and its exposure to Signa Group. There have been further negative developments both at Signa (kindly note, that following, unless otherwise stated, “Signa” refers to the…
24K-Production The current Bull Market Markets have been on the rise since January. This has surprised a lot of people especially since we are in a rising interest rate environment. Bull and bear markets always gain traction from an underlying theme. However, this theme may not always be based on complete reality but something that…
wanderluster We carefully monitor what investors are thinking and doing. This provides insight into what they feel about the market, which is important because over 50% of a stock’s price move is driven by emotion. With the price decline over the last three weeks, market sentiment has rapidly switched from bullish to bearish. We are…
Torsten Asmus Investment Thesis The SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) has declined by over 20% since the start of the bond bear market in late 2021. As a result, SPIP now trades at 2010 levels after the rapid inflation resurgence in 2021-2022. Sentiment in the Treasury space remains pessimistic due to heavy losses since early…
Viktor Aheiev By Padhraic Garvey, CFA, Regional Head of Research, Americas The US economy continues to refuse to lie down – a key driver of long rates At the beginning of 2023 marketing budgets were cut, in anticipation of a period of hunkering down. US CEO confidence had already nose-dived as 2023 approached, as had…