Dmitrii Anikin/iStock Editorial via Getty Images Austrian bank Raiffeisen (OTCPK:RAIFF)(OTCPK:RAIFY) has been a fairly weak performer since my last update at the end of 2023, with a -12% total return representing over 20ppt of underperformance versus broader European financials (EUFN) in that time. The stock has, however, fared better since I opened on it around…
bombermoon Intro & Thesis Since I upgraded the shares of TORM plc (NASDAQ:TRMD) from “Hold” to “Buy” in mid-July 2023, they have risen by of 62.64% (dividends included), significantly outperforming the broad market. Since my last update in January 2024, the stock has risen by 9.8% – and it continues to grow: Seeking Alpha, my…
bjdlzx Overview The Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) is designed to offer investors exposure to the U.S. energy sector, aligning its performance with the MSCI USA IMI Energy Index. Principally, FENY invests at least 80% of its assets in securities that are included in its underlying index, adopting a representative sampling indexing strategy. This…
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…
Richard Drury I last covered the Avantis U.S. Large Cap Value ETF (NYSEARCA: AVLV) in early 2023. In that article, I argued that AVLV’s diversified holdings, cheap valuation, and good performance track-record, made the fund a buy. AVLV has marginally outperformed the S&P 500 since, slightly underperforming my expectations. AVLV Previous Article I remain bullish…
grandriver/E+ via Getty Images We previously covered Daqo New Energy (NYSE:NYSE:DQ) in December 2023, discussing why we maintained our Hold rating on the stock, with China’s accelerating solar panel installation likely to be negated by the stalling demand in the US and EU over the next few quarters. While the stock might be rerated closer…
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….
PM Images Summary I am recommending a hold rating for The Brink’s Company (NYSE:BCO), as the current share price is not attractive. BCO provides cash and value management (core business), ATM managed services [AMS], and digital retail solutions [DRS]. The core business includes the secure transportation of currency, precious metals, and securities for financial institutions…
z1b REITs (VNQ) have now been in a bear market for about 2 years. Their share prices crashed in 2022, and they have remained depressed ever since then. Data by YCharts But in late 2023, it seemed that REITs were finally starting to recover. Inflation began to cool down, interest rate expectations shifted lower, and…
Pgiam/iStock via Getty Images Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as…
Olivier Le Moal Author’s Note: This is our monthly series on Dividend Stocks, usually published in the first week of every month. We scan the universe of roughly 7,500 stocks listed and traded on U.S. exchanges and use our proprietary filtering criteria to select five relatively safe stocks that may be trading cheaper compared to…
James O’Neil/DigitalVision via Getty Images I last covered the Pacer US Cash Cows 100 ETF (BATS:COWZ), which focuses on U.S. stocks with above-average free cash flow / FCF yields, in early 2023. In that article, I argued that COWZ’s cheap valuation and good performance made the fund a buy. COWZ has underperformed the S&P 500…
PM Images ONE Gas, Inc. (NYSE:OGS) recently promised dividend growth for the next four years, and envisions significant regional growth driven by growing population in the I-35 corridor in the United States. Given recent efforts for clean energy solutions, and recently announced capital expenditures, I believe that the company will most likely be under the…
SIphotography Resources Connection, Inc. (NASDAQ:RGP) appears well prepared to grow in the growing global digital transformation market thanks to both inorganic growth and consulting activities. Considering recent better-than-expected earnings, EPS growth expected in 2024 and 2025, and dividend growth, RGP is one of the companies that I have under my radar. There are clear risks…
Craig Barritt/Getty Images Entertainment The purpose of this article is to look at Thryv Holdings (NASDAQ:THRY) through the lens of a long-term investor with a ~4 year time horizon (i.e., 2027) to project what I think they will be worth at that time. I believe THRY is a Buy at its current valuation. A cursory…
Darren415 I wrote about Ascend Wellness (OTCQX:AAWH) in early November, saying it was no longer the cheapest MSO. The stock was trading at just $1.00 then, and it now trades much higher. I like it, though! To be fair, I liked it then too, but I was concerned that it wasn’t as cheap to its…
borchee/E+ via Getty Images So far in 2024, the market has proven to be a “winner take all” game. Though the S&P 500 is sitting at all time highs, that growth has been driven by AI stocks – while many less prominent companies have conversely seen dramatic declines in share price. Fiverr (NYSE:FVRR) is in…
pidjoe There’s an old adage on Wall Street that says to take emotions out of investing. While that may make sense from a pure financial point of view, it’s hard to ignore the fact that nearly all human behavior is driven by emotions. That’s why I don’t necessarily subscribe that adage, with the understanding that…
Anne Czichos AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking up the pieces from these sellers at T’s long-term lows….
Lock Stock/DigitalVision via Getty Images Destination XL (NASDAQ:DXLG) is an apparel retailer serving the big and tall men’s market. I commended the company’s characteristics, strategy, and management in a recent article. I issued a Hold rating on macroeconomic uncertainty and a fair but not opportunistic price back then. After releasing Q4 results, DXLG’s stock suffered…
Luke Sharrett/Getty Images News Over the last two months, most coal stocks have struggled. However, there is one company, Whitehaven Coal (OTCPK:WHITF) from Australia that has taken a beating. I think the shares are cheap and most of the weakness is due to their recent asset acquisition. Trading View In October 2023, WHITF acquired BHP’s…
hapabapa German sportswear giant PUMA SE (OTCPK:PMMAF)’s stock has dropped by 7.83% since releasing its FY2023 earnings results one month ago. Over the last year, there has been a lot of price volatility, and the stock has lost 28.80% in value. Despite headwinds, FY2023 was relatively successful, increasing its top line by 6.6% YoY, significantly…
Robert Way/iStock Editorial via Getty Images A lot has happened since my last article on JD.com (NASDAQ:JD). The whole Chinese stock market seems to be oversold right now. Also, JD.com’s shares are trading at multi-year lows. In this article, I would like to update my analysis of this Chinese e-commerce player and also clarify my…
Art Wager Truist Financial Corporation (NYSE:TFC), founded in 1872 and headquartered in Charlotte, North Carolina, is a financial holding company that primarily offers banking services in the Southeast and Mid-Atlantic regions of the U.S. Though the company has a very large business with a significant market share in many states, is well-capitalized, and has shown…
bizoo_n If you haven’t read my recent article for Seeking Alpha covering MicroStrategy Incorporated (MSTR) stock, I would invite you to consider reading it through and also perusing the comment section. It’s been a little over two months since the spot Bitcoin USD (BTC-USD) ETFs were approved for the US market and the price action…
Yuji Sakai International Paper Company (NYSE:IP) shows a 4.7% dividend yield and recent recommendations from investment banks. IP appears to be making significant transformations that include sale of assets and restructuring, which could accelerate with the recently elected CEO. In addition, I think that further repurchases of its own shares and reduction in the share…
FactoryTh/iStock via Getty Images Introduction I have been following Lundin Mining (TSX:LUN:CA) (OTCPK:LUNMF) for several years now as I consider it to be one of the best-managed copper companies out there. The Lundin family has an excellent reputation in the commodities sector (mainly known for their hard rock mining companies and projects, but the energy…
Boy Wirat/iStock via Getty Images Vertex, Inc. (NASDAQ:VERX) recently delivered EPS better than expected, and with investment banks upgrading their expectations, there seems to exist a lot of optimism in the market. In my view, new partnerships with existing vendors of ERPs and CRMs as well as professional services firms could be the fuel for…
peepo/E+ via Getty Images Dear readers, Porsche (OTCPK:POAHY) (OTCPK:POAHF) is not an investment I’ve covered for some time – since late 2022 to be exact, and the company hasn’t exactly been a rosy play since that time. My main investment in the German automotive sector is my investment in Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) (OTCPK:VWAPY). Now, investing…
ExFlow/iStock via Getty Images Investment trust Scottish Mortgage (OTCPK:STMZF) has seen a turnaround in its share price fortunes since I last wrote. Since I last covered the name in my “buy” piece from last April, the shares are up 27%. It continues to trade at a sizeable discount to net asset value (NAV), though, and…
Phynart Studio Investment Thesis Vanguard Industrials ETF (NYSEARCA:NYSEARCA:VIS) warrants a buy rating due to the fund’s low-cost ability to capture a highly diversified mix of holdings within the industrials sector. Industrial holdings are seeing major factors driving sector growth including robust new construction, record high defense spending, and infrastructure investment. Finally, while several of VIS’s…
Wachiwit Opera Limited (NASDAQ:OPRA) investors have benefited from a significant recovery since my last update in December, when I upgraded OPRA. I assessed that OPRA’s overoptimism had been deflated as investors bailed out. Accordingly, OPRA bottomed out at the $10.3 level through late February before we saw a significant post-earnings surge. Opera reported its fourth-quarter…
Sakorn Sukkasemsakorn/iStock via Getty Images Quaker Chemical Corporation (NYSE:KWR) recently delivered better than expected EPS, 3.97% dividend growth, announced earnings growth for 2024, and continues to deliver investments in clean energy. With a well-diversified business model offering many products to clients in many sectors, KWR recently reported ongoing restructuring efforts, which will most likely bring…
Kansuda Kaewwannarat/iStock via Getty Images Thesis The rally in the past year has been nothing short of astounding, with the S&P 500 index producing a return in excess of 27%. The story has been centered around artificial intelligence and the tech mega-caps, which have attracted an enormous amount of capital and interest. The rest of…
lechatnoir Nordstrom, Inc. (NYSE:JWN) expects to open 22 new stores in 2024, may continue benefiting from online store growth and e-commerce, and reports $438 million available to acquire shares. These factors and the current valuation of 5x-6x EBITDA are good reasons to buy JWN. There are some risks because the total amount of debt is…
Justin Sullivan/Getty Images News Introduction Generally speaking, I am very happy with the way most of my calls have unfolded in the past 12 months (and before that). Nonetheless, I need to start this article by admitting I was wrong on Macy’s, Inc. (NYSE:M), a stock I have been neutral on for a while. After…
Scott Olson Investment Thesis The Kraft Heinz Company (NASDAQ:KHC) reported a mixed set of Q4 and full-year 2023 results. Superb operational profitability progress driven by supply chain optimization and working capital improvements appears to have been mostly overshadowed by slow topline growth. I believe the soft macro backdrop is largely accountable for their flatline YoY…
Ratchapon Supprasert/iStock via Getty Images Investment Thesis Recent underperformance in Redishred’s (TSXV:KUT:CA)(OTCPK:RDCPF) share price presents investors with an opportunity to purchase an underfollowed microcap with a strong M&A strategy, that is currently trading at a ~14% LTM free cash flow yield. Description Redishred is primarily a paper shredding business that was founded in 2006 with…
Chip Somodevilla Blackstone Has Almost $200B In Dry Powder I updated Blackstone Inc. (NYSE:BX) investors that the easy money in BX was likely over, even as BX surged and attempted to break through the $130 resistance level. However, the market has spoken, as BX has underperformed the S&P 500 (SPX) (SPY) since my previous update…
RicAguiar Elevator Pitch I rate Anhui Conch Cement Company Limited (OTCPK:AHCHF) [914:HK] as a Hold. The company is highlighted as a leading “cement producer in China” that boasts a “13% market share” by Fitch Ratings. My previous August 6, 2021 write-up touched on both the bull and bear thesis for Anhui Conch Cement. The focus…
Dragon Claws I perceived a remarkable investment opportunity when long-term yields surpassed 4.5%. I warned last month of a potential significant repricing of bonds as a result of unreasonable rate cuts that had already been priced in. Currently, favorable yields are present, but macro conditions have deteriorated for purchasing due to the following potential threats:…
pcess609 This monthly article series reports sector metrics in the S&P 500 index. It is also a top-down analysis of all ETFs based on the S&P 500. Fast Facts on BBUS JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) was listed on 03/12/2019 and tracks the Morningstar® US Target Market Exposure Index. This large and mid-cap index…
Bjoern Wylezich Q4 & FY2023 Results Triple Flag Precious Metals Corp. (NYSE:TFPM) released its Q4 and FY2023 results last week, reporting quarterly sales of ~26,200 gold-equivalent ounces [GEOs] which was just shy of its previous record of ~26,600 GEOs in Q1 2023 and Q2 2023. This strong performance helped Triple Flag to deliver into its…
FG Trade Latin Tilly’s (NYSE:TLYS) is an American apparel retailer focused on adolescents and young people. The company had a difficult 2023, with same-store sales falling significantly compared with 2022 and even more with the 2021 pandemic boom period. On the positive, the stock does not seem overvalued compared to mean-reverted profitability, and the company…
Peter Dazeley/The Image Bank via Getty Images Thesis Imperial Brands PLC (OTCQX:IMBBF; OTCQX:IMBBY) has attracted a lot of attention due to its cheap valuation and high dividend yield. The tobacco industry is undergoing a transformation, and the single most important growth factor over the longer term for tobacco companies and IMBBF is non-combustible products. IMBBF…
HENRY NICHOLLS/AFP via Getty Images NatWest (NYSE:NWG) stock has regained some lost ground since I upgraded it to ‘Strong Buy’ in my last update in October. Shares of the British bank have returned around 37% in that time in USD terms, mapping to around 24ppt of outperformance versus its closest peer Lloyds (NYSE:LYG) and around…
Bloomberg/Bloomberg via Getty Images “We are here and it is now. Further than that, all human knowledge is moonshine.“― H.L. Mencken Today, we put luxury and well-known home builder Toll Brothers, Inc. (NYSE:TOL) in the spotlight. Despite the worst year for existing homes sales of the century in 2023, the stocks of most home builders…
Hispanolistic AutoNation, Inc. (NYSE:AN) recently delivered better than expected quarterly EPS, and noted beneficial words about 2024 cash flow and future vehicle supply and demand dynamics. In addition, I detected an increase in capital expenditures for growth initiatives for AN USA as well as IT and electrification efforts, which, in combination with cash acquisitions, made…
Justin Sullivan Alpine Income Property Trust (NYSE:PINE) announced its results for the last quarter and full year of 2023 last week. The company posted flat revenues of $11.58 million for the quarter (down 0.1% YoY) while analysts were expecting it to have generated $11.61 million, and it posted FFO (funds from operations) of 38 cents…
Bloomberg/Bloomberg via Getty Images Following Anglo American (OTCQX:NGLOY) (OTCQX:AAUKF) reset expectations in early December 2023, the company’s Q4 2023 realized commodity prices and operating performances align with previously communicated guidance. We can conclude that “No news is good news.” That said, Anglo is one of the largest diversified mining companies worldwide. It is headquartered in…