Drazen Zigic Main Thesis & Background The purpose of this article is to evaluate the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) as an investment option at its current market price. This is a fund with an objective to “provide investment results that, before fees and expenses, correspond generally to the total return performance of the…
Matteo Colombo Transcript We saw 2024 as a year of two stories: First, cooling inflation and strong earnings would support upbeat risk appetite. Next, inflation would rollercoaster back up and disrupt sentiment. Recent inflation data suggest inflation isn’t cooling as quickly as we expected, implying that the second phase may be happening now. We think…
John Sommer Last summer, I wrote a cautious article on the Invesco Senior Loan ETF (NYSEARCA:BKLN), warning that rising leveraged loan defaults could pose a headwind to the BKLN ETF. However, since my article, the BKLN ETF has actually returned a handsome 9% total return (Figure 1). Figure 1 – BKLN has returned 9% since…
Douglas Rissing Thesis On April 10 the March 2024 CPI data was released, numbers which came in higher than expected, triggering a red day in equities and a massive rally in bond yields. Sticky inflation has been a problem for the Fed, who might be forced down the line to make 3% the new long…
Stewart Sutton Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand. Despite the gradual restoration of global supply chains post-pandemic, demand for international freight delivery services to and from China stayed sluggish last year as a slowing…
georgeclerk/E+ via Getty Images End of January this year, I published an article on Tesla, Inc. (NASDAQ:TSLA) outlining a rather bearish case, where it boiled down to just too rich valuations for the situation in the underlying fundamentals. Already back then, the Q4, 2023 results indicated several signs of a more challenging road ahead with…
Torsten Asmus Thesis When investing, it is paramount to understand what it is that you are buying. It becomes even more important when dealing with complex products that have leverage and multiple risk factors. BlackRock Income Trust (NYSE:BKT) is such a product. The vehicle is a closed end fund that purchases agency MBS bonds and…
ilbusca Overview My recommendation for adidas (OTCQX:ADDYY) is a buy rating, as I have gained a lot of confidence in the current management’s ability to execute and deliver. Although regional performance on a headline basis seems poor, my view is that they are actually showing very strong signs of improvement that should start to be…
PM Images/DigitalVision via Getty Images Over the past six months, income producing assets have staged a rally, bouncing from their October bottoms. Speculation around news from the Federal Reserve points towards rate cuts sooner rather than later, sparking enthusiasm. Positive economic indicators such as easing inflation have shifted sentiment around both a hard landing and…
Pavel Muravev Due to be released on the morning of March 12, this February CPI report is expected to be another hot inflation reading, hotter than the one in January. This could be an essential reading because, as it stands, that would be two months of inflation readings hotter than what was seen at the…
Justin Sullivan Investment Thesis My previous Broadcom (NASDAQ:AVGO) bullish earnings preview aged extremely well, because the stock surged after the strong previous earnings release. Since early December 2023, the stock rallied by more than 50%, substantially outpacing the broader U.S. market. Today, I want to update my thesis about the company, and it is pre-earnings…
~UserGI15994093/iStock via Getty Images Since our initiation of coverage, Positive Megatrends & Supportive Capital Allocation Priorities, Prysmian (OTCPK:PRYMF) delivered a >30% total return. Our team has already increased the target price to €43 per share, but after the results for the fiscal year 2023, the company is now > €46 per share. Our supportive equity…
Patrick Jennings/iStock via Getty Images I first covered Federal Agricultural Mortgage Corporation, also known as Farmer Mac (NYSE:AGM) several months ago in an article titled Farmer Mac: A Lot To Like About It where I referred to this company as a great dividend growth stock. Since my last article, the company announced quarterly results twice,…
peshkov Welcome back to the third edition of Bank Buzz, where we cover the community bank sector, with a specific focus on mutual conversions, our favorite niche within a niche. Historically, investments in banks trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams have generated attractive returns. In…
vzphotos Thesis Micron Technology, Inc. (NASDAQ:MU) stands out as one of the most cyclical stocks I’ve encountered, exhibiting significant fluctuations during market expansions and contractions. However, since December 30, 2022, coinciding with the 2023 market rally, the stock has surged by approximately 73%. In this analysis, I will illustrate, using valuation models, why Micron is…
The Good Brigade Basic-Fit (OTCPK:BSFFF), Europe’s premier affordable fitness chain, recently held a 2023 Capital Markets Day highlighting solid growth. Its rapid expansion across Europe – signaling continued momentum for its affordable approach. I think this is a very high quality business with true earnings power. Keep my buy rating. Business update At its recent…
Goldman Sachs brought forward its forecasts for the Fed’s interest rate cut to Q3 2024 from Q4. Goldman Sachs, a world-known investment banking company, revealed its forecasts for the Fed’s interest rate cut. The investment giant believes that it will take place in Q3 2024 while previously it forecasted that it would happen in Q4…
Anthony Bradshaw A Hold Rating for Shares of Fortitude Gold Corporation This analysis assigns a Hold rating to shares of Fortitude Gold Corporation (OTCQB:FTCO) – a gold company based in Colorado Springs, Colorado, but with production, development, and exploration activities located in western Nevada, confirming the recommendation given in the previous article. The recommendation rating…
Art Wager Buy land, they’re not making it anymore. – Mark Twain. Many investors are familiar with and invest in real estate investment trusts, or REITs, in the U.S., but how do they look internationally? There’s an exchange-traded fund, or ETF, for literally everything nowadays. For those looking to get exposure to real estate equities…
rzelich I believe Bitfarms Ltd. (NASDAQ:BITF) is the best pure-play Bitcoin mining investment with a more than 300% potential upside. They are the most efficient Bitcoin (BTC-USD) miner with a robust safety-first strategy. They have developed a technological, sustainable competitive advantage with an impressive electrical subsidiary that can promptly deal with significant weather events. Within…
shotbydave/E+ via Getty Images Back in March, I wrote a bullish article on Weatherford International (NASDAQ:WFRD) saying that the company trades at a large discount to international rivals and that it should benefit from an upswing in E&P CapEx spending after years of underinvestment. Since then the stock has returned over 50% versus a -6%…
PeopleImages Essential Properties Realty Trust (NYSE:EPRT) is a net lease REIT similar to Realty Income (O). The REIT focuses on smaller single-tenant properties leased to service-oriented tenants, with an average asset size of $2-5 million. The small building focus is great because these properties are generally more fungible and easier to release or sell if…
Klaytn is expanding its offerings to focus on the tokenization of real-world assets like jewelry and real estate on its blockchain. Klaytn Foundation, the entity responsible for the enterprise blockchain platform Klaytn, has announced its intention to use blockchain technology to drive positive social change. The Foundation aims to improve financial penetration in Asia and…
PM Images Blue Owl Capital Corporation (NYSE:OBDC) may have changed its name from Owl Rock Capital Corporation, but returning large amounts of income to shareholders remains front and center. OBDC has been one of my favorite Business Development Corporations (BDC), and after reporting strong Q2 earnings, OBDC remains undervalued. It still amazes me that less…
Ergin Yalcin Hilton Grand Vacations (NYSE:HGV) is a timeshare company that engages in the marketing and selling of vacation ownership intervals, as well as the management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations, and Club Management segments. The company’s performance in Q2 2023 showcases its…
maybefalse/iStock Unreleased via Getty Images Alibaba (NYSE:BABA) is trading at close to its lowest PS ratio which shows that Wall Street is overlooking the growth potential in a number of segments. In the year ago quarter, Alibaba reported its first YoY revenue decline of 2.5%. Regulatory and macroeconomic challenges in the pandemic caused this decline….