PM Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well…
Bennett Raglin Citi Trends (NASDAQ:CTRN) is an American retailer specializing in apparel and accessories in physical stores in low-income neighborhoods. The company received a windfall when pandemic stimulus money hit its core demographic strongly, and it became a meme stock for a while. After the pandemic, the reverse occurred. The company’s low-income demographic is suffering…
coldsnowstorm Recent data point to a record shopping season for Shopify (SHOP), which saw Black Friday sales grow 22% y/y. Additional reports from Adobe Analytics show a strong $9.8 billion Black Friday season. But a successful Black Friday doesn’t necessarily point to a strong 4Q for retail. This note discusses a couple of ways to…
MicroStockHub/iStock via Getty Images By Jharonne Martis Historically, Cyber Monday falls on the Monday after the Black Friday weekend. Cyber Monday discounts tend to be an extension of Black Friday deals for shoppers returning to the office after a holiday weekend, eyeing merchandise online. Like Black Friday this year, Cyber Monday deals are starting earlier…
da-kuk As we approach the final months of 2023, consumer strength has been somewhat mixed, but has overall been running out of steam due to stubbornly high grocery prices and higher housing costs. Interestingly, consumers continue to spend on experiences like concerts, movies, and restaurants. But to do this, they are cutting back on prices…
Darren415 Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as…
D-Keine The DQ Investment Thesis Has Been Destabilized By Volatile Spot Prices We previously covered Daqo New Energy (NYSE:DQ) in June 2023, discussing the IRA domestic content tailwinds, with solar developers allowed to claim up to 40% in tax credits with only 40% in solar components to be made within the US. We had bullishly…
Dilok Klaisataporn/iStock via Getty Images Regional bank stocks in the ETF (KRE) have risen by nearly 30% on average since their May lows but are still down around 17% YTD. Accordingly, there is a significant divide amongst investors regarding the discount value potential of regional banks. One notable example is Fifth Third Bancorp (NASDAQ:FITB), which…