jetcityimage Summary Following my coverage on Yum China Holdings (NYSE:YUMC) in Feb’24, which I recommended a buy rating due to my expectation that YUMC should do well in the current macroclimate in China and that its valuation is cheap relative to its growth and margin outlook, this post is to provide an update on my…
raisbeckfoto This will be a shorter earnings preview since the stock is a very small position within client accounts, but Cisco (NASDAQ:CSCO) is scheduled to report their fiscal Q3 ’24 financial results after the market closes on Wednesday, May 15th, 2024, after the closing bell. Consensus is now expecting Cisco to report $0.82 in earnings…
da-kuk Jumia Technologies (NYSE:JMIA) has historically been a divisive stock due to the “Amazon of Africa narrative” and the extremely poor fundamentals of the business. I long felt that the company had poor prospects due to its limited financial resources and pursuit of growth at all costs. After a change in management, the company is…
courtneyk Introduction The share price of Forrester Research (NASDAQ:FORR) has seen quite the tumble over the past 24+ months, down nearly 70% from the start of 2022. Investors have been evidently displeased and looking at the numbers, it’s not hard to see why. Notwithstanding some growth in 2022, both sales and earnings have been declining…
kuremo/iStock Editorial via Getty Images Sega Sammy (OTCPK:SGAMY)(OTCPK:SGAMF) is one of our favourite ideas in the gaming space, which we’ve been covering for a year now. In our last article we focused on Pachinko, but now we are focused on the gaming and entertainment segment, which has been the reason for underperformance. We like Sega…
JHVEPhoto Investment Thesis IBM (NYSE:IBM) is set to announce their earnings report for the first quarter of this year, on Wednesday, April 24th, next week, after market hours. Big Blue reported a strong full-year FY23 earnings report in the previous quarter, which showed a re-acceleration in their core business segments, Software and Consulting aided by…
imaginima Exelon Corporation (NASDAQ:EXC) is a Chicago, Illinois-based electric utility – the largest in the United States – with nearly 11 million customers and six regulated utility subsidiaries. The firm primarily maintains a presence in Illinois and the US East Coast. Exelon Winter 2024 Investor Meeting Through these activities, Exelon has recorded FY23 revenues of…
wavemovies Introduction & Investment Thesis I initiated a Buy rating on Wix (NASDAQ:WIX) on February 16. My bull thesis was predicated on my belief that the company continues to drive strategic growth in its Partners business by launching Wix Studio, as well as rapidly innovating on its AI product offerings while expanding profitability. Since then,…
niuniu/iStock via Getty Images Amphenol (NYSE:APH) has been one of my key holdings over the past decade. In my previous article in July 2023, I discussed their structural growth in 5G, factory automation, semiconductor manufacturing, and electric vehicles. Since then, the stock price has surged by approximately 30%. They experienced strong growth in defense and…
Astrid Stawiarz Pernod Ricard (OTCPK:PRNDY, OTCPK:PDRDF) is the second-largest spirits and wines company in the world. They sell well-known brands such as Absolut Vodka and Kahlua. Wines and champagnes make up a small proportion (~5% of sales), the company is mostly focused on spirits such as vodka, whiskey, and gin. These drinks are becoming increasingly…
J. Michael Jones/iStock Editorial via Getty Images Investment Thesis RTX Corporation (NYSE:RTX), formerly Raytheon Technologies, is an American defense contractor and aviation equipment manufacturer with a dominant footprint in both military and civilian sectors. In the defense sector, the United States and its NATO allies are ramping up their military spending in response to geopolitical…
tadamichi Over the last few months, short interest has continued to climb in banks exposed to the commercial real estate sector (CRE). Since the beginning of 2023, short interest has been rising across global banks with strong links to the commercial real estate (CRE) sector. Over the past weeks, a number of these banks have…
SOPA Images/LightRocket via Getty Images The following segment was excerpted from this fund letter. Builders FirstSource (NYSE:BLDR) Builders FirstSource (“BLDR”) is the United States’ largest building product distributor (2.6% market share). It serves large single family and multi-family homebuilders and re-modelers. BLDR has over 115,000 customers with a 90% customer retention rate. BLDR has over…
weareadventurers/iStock via Getty Images In this article, we catch up on the latest quarterly results of Oaktree Specialty Lending Corp (NASDAQ:OCSL). OCSL had a disappointing quarter, though it still eked out a positive total NAV return. A combination of rising debt service costs and idiosyncratic issues drove a number of new non-accruals, which were a…
NanoStockk/iStock via Getty Images We are going to cover, in detail, what the differences are between monetary policy and fiscal policy – in practical terms – and what this means for investors in 2024 and beyond. Then to pay back that investment of mental time and energy, we will discuss the Net Liquidity model and…
tadamichi By Catherine Yoshimoto, Director, Product Management After a sharp downturn in 2022, large cap equities bounced back to deliver strong performance in 2023. The Russell 1000 Index posted a 26.5% return for the year, largely buoyed by the Magnificent Seven. However, several other constituents were contributors to strong 2023 index performance—and these companies wouldn’t…
zhuyufang Lufax Holding Ltd (NYSE:LU) is a leading Chinese financial services provider focusing on providing small business owners with access to multiple loan products. They provide various financial products under different entities. For instance, Puhui is Lufax’s core brand for enabling retail credit, primarily focusing on unsecured and secured loans for small businesses. LujinTong, on…
wilpunt/E+ via Getty Images QuickLogic Corporation (NASDAQ:QUIK) is a company that develops embedded FPGA / eFPGA IP, discrete FPGAs, and FPGA SoCs, for a variety of industrial and defense technology applications in AI, voice, or sensor processing. As a “fabless” developer, QUIK operates similarly to large chipmakers like Nvidia (NVDA) and AMD (AMD), in that…
MarioGuti UK business activity growth accelerated for a third straight month in January, according to early PMI survey data, marking a promising start to the year. The survey data point to the economy growing at a quarterly rate of 0.2% after a flat fourth quarter, therefore skirting recession and showing signs of renewed momentum. Businesses…
Andrii Dodonov By Peter Hayes and Sean Carney Our 2024 Outlook For Municipal Bonds BlackRock’s municipal (muni) bond experts share their market outlook and the actions you can take to raise your portfolio’s potential in 2024. 2023 – One Month Does Not A Year Make After initial optimism at the start of 2023 spurred strong…
ThamKC/iStock via Getty Images I am bullish on Granite Construction Incorporated (NYSE:GVA) because its strategic plan is delivering higher margins and because of significant tailwinds from lower interest rates and the Infrastructure Act. About Granite The company operates through two segments, according to its 10-K for 2022: Construction: “focuses on construction and rehabilitation of roads,…
Editor’s note: Seeking Alpha is proud to welcome Henning Podehl as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » blackdovfx/iStock via Getty Images Investment Thesis Global-e Online (NASDAQ:GLBE)…
BlackJack3D Investment thesis Our current investment thesis is that from an internal perspective, we believe Genpact (NYSE:G) is a good business and positioned perfectly to enjoy healthy growth in the coming years. It has deep expertise that have developed over a number of decades, a global footprint with a large workforce, and a suite of…
mphillips007 Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company (“BDC”) sector from both the bottom-up – highlighting individual news and events – as well as the top-down – providing an overview of the broader market. We also try to add some historical context…
DanielIngelhart/iStock via Getty Images Investment Thesis Mach Natural Resources (NYSE:MNR) is an oil and natural gas firm that develops, acquires, and produces oil, NGL reserves, and natural gas. It has recently reported its quarterly results and experienced resistance in its growth, mainly due to macroeconomic pressures. However, I believe the company can boost its profitability…
maybefalse/iStock Unreleased via Getty Images China’s e-commerce giant Alibaba (NYSE:BABA) has been quite the growth company, increasing its revenues by 15x over the past decade. However, the compounded annual growth rate [CAGR] of 31% over this time has slowed down considerably to 11% for the first half of the current financial year (H1 FY24, ending…
vm Hims & Hers Health (NYSE:HIMS) has seen the stock snapback with the company continuing to report strong quarterly results and improved profits. The online health and wellness platform is also moving into AI based medical services along with a push into crucial weight loss management considering the soaring costs of related medicine. My investment…
Vladimir_Timofeev Amid a stock market that is rallying to YTD highs, it’s still never too late to move more of our portfolios into “growth at a reasonable price” stocks. In my view, these names have both downside protection in case bearish attitudes return, while also having upside potential because their valuation multiples have room to…
Eric Mischke We’re maintaining our hold-rating on Oracle (NYSE:ORCL). Consistent with our expectations during our downgrade in mid-October, ORCL is struggling to boost top-line growth. 2Q24 top-line missed consensus estimates as its Cloud Services sales were not enough to offset its muted services and the deceleration in its Cloud and On-Premise licenses sales. We think…
Jay Yuno/iStock via Getty Images Investment Thesis Ituran Location and Control (NASDAQ:ITRN) deals with providing telematic services, mainly consisting of stolen vehicle recovery (SVR) and tracking services. The company has recently reported record-break growth levels and I believe it can sustain its performance as a result of healthy demand dynamics and its continued expansions. About…
ugurhan Navios Maritime Partners Overview Navios Maritime Partners (NYSE:NMM) is a diversified shipowner with exposure to three primary shipping segments: dry bulk, containerships, and crude/product tankers. The massive pro forma fleet (including newbuilds) is composed of 80 dry bulk vessels, 50 tankers, and 47 containerships, comprising one of the largest publicly traded fleets in the…
Thesis: Louisiana-Pacific (NYSE:LPX) is one of the largest engineered wood producers in North America supplying the construction industry. The company has been gradually shifting out of commodities and developing a differentiated product offering. These new products have significantly higher selling prices per SF so by converting its production capacity to higher-value production LPX is creating…
If there’s one thing people are underestimating about a Bitcoin spot ETF approval, it’s the reality of Wall Street’s marketing engine. At least that was the takeaway from capital allocator Anthony Scaramucci’s most recent visit to crypto industry podcast “The Scoop.” In the interview, Scaramucci talked at length about how a Bitcoin ETF is poised to reshape…
Belgrade, the capital of Serbia, welcomes the inception of HUB21, a pioneering non-profit association dedicated to education, fostering research, and creating networking avenues within the global Bitcoin design and development ecosystem, according to a press release sent to Bitcoin Magazine. The association’s launch aims to bridge the gap in understanding and participation in Bitcoin within…
Zerbor/iStock via Getty Images By James T. Tierney, Jr. Recent labor agreements in the auto and airline industries spotlight the profitability conundrum facing US companies – and equity investors. Pricing power and cost containment are essential ingredients for companies looking to expand profit margins. We’ve seen this clearly in 2023, when some of the best-performing…
Julia_Sudnitskaya/iStock via Getty Images Summary Graphic Packaging Holding Company (NYSE:GPK) is a leading provider of paper-based packaging solutions, mainly for the food, beverage, and consumer product segments. It specializes in the design and manufacturing of folding cartons, foodservice packaging, and other paper-based products. As a direct result of GPK’s third quarter results, which reported declining…
Robert Way Undervalued companies can stay undervalued for far longer than we realize. This is a difficult-to-swallow truth, I know. When we identify a potentially undervalued company after conducting thorough research and investing in it at seemingly attractive prices, it is easy to be disheartened when the stock price goes nowhere over a long period….
Drazen_ Mainland Chinese developers have come under the global spotlight lately as many get crushed under huge piles of debt accrued during China’s real estate boom of the last three decades. Their peers in Hong Kong, an adjacent but separate market, are also facing pressures from high interest rates, though most are faring better than…
The launch of the IBM Enterprise AI Venture Fund builds upon the growing momentum and widespread adoption of the company’s AI platform called watsonx. International Business Machines (IBM), one of the leading technology giants in the United States, has launched a $500 million venture fund to bolster artificial intelligence (AI) innovation. In an official announcement…
JARAMA/iStock via Getty Images We maintain our buy rating on Monolithic Power Systems (NASDAQ:MPWR). We think data center revenue more or less saved the day this quarter, offsetting weaker auto and industrial end demand. We now expect MPWR to outperform in the near term, driven by continued growth in AI-related revenues. This quarter, the company…
As part of their collaboration, the companies plan to launch AI-powered copilots for industries such as manufacturing, infrastructure, transportation, and healthcare. German technology company Siemens AG has partnered with Microsoft Corporation (NASDAQ: MSFT) to introduce Siemens Industrial Copilot, a generative artificial intelligence (AI)-powered assistant. The AI assistant is designed to enhance human-machine collaboration and boost…
pawel.gaul A terrorist attack by Hamas on Israel on October 7th has launched a chain of events that’s begun to transform the Middle East. Even though oil has been moving up hesitantly in the past three weeks, for me, it’s becoming increasingly more clear that oil prices may get a powerful boost amid rising escalation…
Miguel Perfectti/iStock via Getty Images Global central bank hiking cycles have dominated financial market headlines for the last 18 months, keeping many investors on the sidelines, hiding out in cash as inflation and the resulting rate hikes were serious headwinds to returns. Now, over the last few months, as these hiking cycles have increasingly hinged…
Can Bitcoin possibly rhyme with tradition? This new currency is so young and so different from the usual dollars and euros, that for most people it seems disconnected from the economic reality and even further – from their lives. Despite the fact that paying with Bitcoin is not much more complicated than paying with a…
Sundry Photography Investment Thesis Johnson & Johnson (NYSE:JNJ) is a renowned worldwide healthcare conglomerate celebrated for its extensive array of pharmaceuticals, medical devices, and consumer healthcare merchandise. In 2022, Johnson & Johnson was acknowledged as the most valuable brand in the pharmaceutical sector, with an impressive brand value of $13.4 billion. Most Valuable Pharma Brands…
tianyu wu/E+ via Getty Images Overview The BATS:PAVE ETF run by Global X is focused on stocks that may see increased growth from US infrastructure investment. This includes industrial automation, electric energy and grid expansion, agricultural productivity, climate change mitigation along with industrial transportation and the raw materials to build infrastructure such as data centers,…
skynesher Summary Following my coverage on Tempur Sealy International (NYSE:TPX), I recommended a buy rating due to my positive expectation about FY24 performance as I saw a possible stabilization in demand, commodity cost pressure easing, and management’s strong execution on its strategic initiatives, all of which should lead to growth and margin expansion. This post…
D3 Global, an emerging domain name company, closed a $5 million seed funding round led by Shima Capital. D3 aims to transform domain names into the foundational layer of the internet and bridge Web2 and Web3 with secure digital identities. On September 5th, the emerging domain name company D3 Global announced the successful closure of…
Hispanolistic Investment Thesis Lithia Motors Inc. (NYSE:LAD) stands as a formidable player in North America’s automotive retail landscape, with a diversified business model that spans three key segments: Domestic, Import, and Luxury. This diversification not only broadens its customer base but also serves as a hedge against market volatility. Beyond mere vehicle sales, Lithia offers…
Nodal Power, who mitigates methane at landfills by powering Bitcoin mining data centers, announced that the company has successfully raised $13 million in a seed funding round aimed at aggressively curbing methane emissions from landfills while harnessing their latent energy potential, according to a press release sent to Bitcoin Magazine. A significant portion of the funds has…