sierrarat/iStock Unreleased via Getty Images Textron (NYSE:TXT) recently provided its first quarter earnings, and TXT stock dropped to a three-month low in response. In this report, I will analyze the results to detect whether the stock price drop was warranted and determine whether I need to revise my buy rating. Textron Outperformed Until Its Q1…
Today marks a significant event as Bitcoin experiences its fourth scheduled halving. This event, also known as the halving, occurs approximately every four years and has far-reaching implications for the Bitcoin ecosystem. As Bitcoin Magazine prepares for a halving livestream, powered by Kraken, to commemorate this event, it’s crucial to understand what the halving is…
PM Images Shares of FS KKR Capital Corp (NYSE:FSK) were declining into their Q4 2023 earnings report and dramatically sold off after they Q4 numbers were published. Shares of FSK had declined by -$1.14 (-5.49%) from January 4th through February 26th, then immediately after their Q4 earnings hit the street, shares declined another -$1.15 (-5.86%)…
PhonlamaiPhoto Thesis Fluence Energy, Inc. (NASDAQ:FLNC) is a pure-play, Energy Storage global leader. Specifically, the company provides battery electric storage systems (BESS), software solutions, and service packages. I presented Fluence in a previous article and set a strong buy rating. While still holding 75% of my long-term position, providing having been a buyer at ~$6.75,…
Kittisak Kaewchalun /iStock via Getty Images Back in December, I wrote an article on REX American Resources Corporation (NYSE:REX), suggesting to sell it after its run in Q3 and that Q4 won’t be as good. While the stock did pull back a bit after Q3 and Q4 wasn’t quite as good as Q3, it was…
Morsa Images/DigitalVision via Getty Images Hanesbrands (NYSE:HBI) is an apparel manufacturer that owns Hanes, Champion, and other apparel and innerwear brands. The company was very successful for two decades, acquiring and developing companies. Yet, after the pandemic and changes in management, it started showing problems, particularly with apparel and the Champion brand. Today, the company…
Dragon Claws It is a year since the regional banking business was thrown into crisis, and I’m still not a fan of the industry’s prospects. That’s a 2-part situation. I continue to believe that the proverbial “other shoe” is more likely than not to drop, given the changing landscape and top-heaviness of the banking industry….
Edwin Tan Humana (NYSE:HUM) is one of those rare stocks that received quite a beating from investors this year as most stocks seem to be having a party and making new highs every week. When the company announced its earnings in January, investors didn’t like its newly updated guidance for 2024 as the company said…
Klaus Vedfelt/DigitalVision via Getty Images While there are many publicly traded BDCs available for investors to choose from, there are only a handful that focus on lending to venture capital and late-stage growth companies. One of the largest of those and arguably one of the best is Hercules Capital (HTGC). Others include TriplePoint Venture Growth…
mesh cube The rally in semiconductors is starting to run out of superlatives to describe it. Just when you think it has to take a breather, it turns around and rallies another few percent. Yesterday, the Philadelphia Semiconductor Index (SOX) closed more than 17% above its 50-day moving average and 36% above its 200 DMA….
Arsgera FS KKR Capital (NYSE:FSK) has seen significant selling pressure after the BDC reported net investment income results for the December quarter that matched adjusted NII consensus expectations. However, FS KKR’s earnings release, which was not bad at all, was overshadowed by an increase in the non-accrual percentage which unnecessarily caused irritations about the BDC’s…
Ievgen Postovyk/iStock via Getty Images Investment thesis Note: Dollar amounts refer to USD. Please also note BHP’s financial year ends June 30, so December 31 is the half-year period. BHP Group Limited (NYSE:BHP) reported its half-year earnings this past week and profits allegedly dropped by 90% on weak nickel prices: Seeking Alpha The negative reports…
Neilson Barnard In our last coverage of Icahn Enterprises L.P. (NASDAQ:IEP), we pointed out that the distribution was nowhere near safe, despite the large initial cut. We expected another one within a year and felt the risks were materially skewed to the downside. Investors have put those warnings on snooze and the stock is flat…
Kameleon007 Overview My recommendation for S&P Global Inc. (NYSE:SPGI) is a buy rating. The recent fall in share price represents an attractive opportunity to long the stock as the business outlook remains strong. SPGI core business ratings exited 4Q23 on a strong note, and I expect momentum to persist into FY24. Non-rating businesses also performed…
ryasick Shares of Hercules Capital (NYSE:HTGC) reached a new 1-year high on Friday after the BDC reported record total investment income for FY 2023 and beat consensus estimates easily. Before earnings the BDC also announced the payment of a cumulative $0.32 per-share in supplemental dividends which will be distributed to shareholders in equal installments of…
The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market…
Spencer Platt I have been avoiding Fox (NASDAQ:FOX) stock for several years now. While I recognize the inherently divisive nature of any debate on a stock whose only real profit center is a political news organization, I prefer to look beyond politics to raw business when making my investment decisions. I have no intention of…
red_moon_rise/E+ via Getty Images Executive Summary The journey to bring molecular non-invasive prenatal screening/testing ‘NIPT’ to mainstream healthcare standards hasn’t been easy. The sector faced and overcame the challenges of proving the accuracy and reliability of this tech. Natera (NASDAQ:NTRA) offers an opportunity to capitalize on the considerable groundwork already laid as we enter an…
Volodymyr Zakharov/iStock via Getty Images Inflation has plummeted from its 9% high in June 2022 to its current 3%. It was transitory, lasting just 3 years. This decrease would have occurred without Federal Reserve actions because supply chain disruptions caused by COVID were destined to get resolved as shipping containers eventually got unloaded. This form…
Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price…
wellesenterprises Article Thesis Oracle Corporation (NYSE:ORCL) has announced its most recent quarterly earnings results on Monday, and the market reacted very negatively to these results on Tuesday, with shares slumping by more than 10%. Considering the fact that the company outperformed profit estimates, that seems like an overreaction. With a reasonable valuation, Oracle looks solid…
Tero Vesalainen Company Snapshot For today’s note I am traveling to the great American west again to revisit a bank stock I covered this August. U.S. Bancorp (NYSE:USB) is a Minneapolis-based bank and some key facts about it are that it is listed #150 on the Fortune 500, has roots going back to 1863, trades…
Joe Scarnici Funko (NASDAQ:FNKO) has been right-sizing its business operations, inventory stock, and product lines in an attempt to show better profits and net income. The company recently reported better financial performance compared to the last three quarters. It shows improvement but it will take more time for there to be significant improvement. The current…
images-twiston/iStock Editorial via Getty Images Introduction The stock of U.K.-based alcoholic beverage company Diageo plc (NYSE:DEO, OTCPK:DGEAF) fell sharply on Friday, November 10, after the company issued a trading update revising its guidance for the first half of fiscal 2024 (ending December 31, 2023) due to significantly weaker than expected performance in its Latin America…
Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report on Tuesday, citing…
Pogonici/iStock via Getty Images You can only make decisions on valuation for the long haul. It seldom works out in the short run. The same was the case for New York Community Bancorp, Inc. (NYSE:NYCB) where we left a lot of money on the table as we exited. Our rationale was as follows. So while…
Lubo Ivanko/iStock Editorial via Getty Images British bank NatWest (NYSE:NWG) has had a tough week, selling off on the back of Q3 results from peers Barclays (BCS) and Lloyds (LYG) before dropping sharply following its own release on Friday. Source: Google The bank’s Q3 results were a clear disappointment, with big misses on most key…
Alphabet’s efforts to integrate generative AI technology into more products have been noticeable since the launch of OpenAI’s ChatGPT chatbot late last year. Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, experienced a nearly 7% drop in its shares in pre-market trading to $129.39. This decline in Alphabet stock came as a surprise, especially…
nadla The month-long United Automobile Workers (UAW) strike should be music to Tesla (NASDAQ:TSLA) and Toyota’s (NYSE:TM) ears, according to Ford (F) executive chairman Bill Ford. The strike has resulted in headwinds for the auto industry as it ties up the production for Tesla and Toyota’s rival auto manufacturers like Ford and General Motors (GM)….
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
aydinmutlu As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded yield…
Morsa Images Over the past few months, Overstock.com, Inc. (NASDAQ:OSTK), now officially rebranded as Bed Bath & Beyond has experienced a period marked by significant events. The acquisition of Bed Bath and Beyond in June garnered positive attention from consumers, propelling the stock to notable gains. However, a noticeable downturn has since occurred, with the…
TennesseePhotographer While the restaurant industry group has had a rough few months, few names have suffered as badly as Cracker Barrel Old Country Store (NASDAQ:CBRL), which is now down 28% year-to-date and over 60% from its highs reached in 2018. This underperformance can be attributed to lackluster sales performance and continued margin compression, with operating…
John Sommer One of the biggest losers in the market on Thursday was Rivian (NASDAQ:RIVN). The electric vehicle maker saw its shares plunge more than 22% after the company announced plans for a convertible bond offering. While the capital raise may have been a bit earlier than expected, I don’t think the selloff was warranted…
Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform Labs, renowned for…
champc Commodities, as represented by the S&P GSCI, rose over 4% in September and 16% in Q3 2023. This highlighted the potential diversification qualities of this asset class, as equities and fixed income both fell during the month. Commodities’ low correlations to other asset classes can provide a cushion when other higher-allocated asset classes drop…
photobyphm Verizon Communications Inc. (NYSE:VZ) is suffering a new period of stock price weakness which, in my view, is a compelling opportunity, particularly for passive income investors, to gobble up some shares for their portfolios. Verizon just fell through its 50-day moving average line and some investors are having doubts, unjustifiably, about the company’s dividend…
Andrii Yalanskyi/iStock via Getty Images We don’t say, it’s cheap today, but it’ll be cheaper in six months, so we’ll wait. If it’s cheap, we buy. If it gets cheaper and we conclude the thesis is still intact, we buy more. We’re more afraid of missing a bargain-priced opportunity than we are of starting to…
Andrei Berezovskii Silicom’s (NASDAQ:SILC) shares plunged by more than $14 despite the topline for the second quarter of 2023 (Q2) improving YoY by 11.4%. Well, at $0.66, its EPS (diluted) did represent a slight decrease of $0.04 (or 6%) compared to the second quarter of 2022, but, such a mixed performance does not normally lead…
Patcharapong Sriwichai In my ongoing endeavor to scrutinize all the major stocks linked to energy storage and solid or semi-solid state batteries, I recently turned my attention to FREYR Battery (NYSE:FREY). Intriguingly, on paper, FREY’s valuation is twice that of Solid Power (SLDP), even though both companies are still in their pre-revenue stages. Given this,…
Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26. American multinational tech company Oracle Corporation (NYSE: ORCL) shares dropped approximately 9.23 percent during the after-hours sessions to trade around $115.02. The sudden drop in…
In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that…
aydinmutlu By Fawad Razaqzada We saw European indices fall across the board first thing this morning and in FX, the major currency pairs like the GBP/USD and EUR/USD dropped to their lowest levels since June while the NZD/USD hit a fresh low for the year. Things weren’t looking too promising for gold either, with the…
Liudmila Chernetska/iStock via Getty Images Chewy (NYSE:CHWY) reported better than expected results for the second-quarter on Wednesday that showed not only a significant EPS beat, but also double-digit net revenue growth and expanding gross margins. The retailer’s shares, however, have widely underperformed in the last year, chiefly because of concerns about slowing customer growth and…
The recent decision by the Bank of England (BoE) to increase interest rates has further compounded the issue of declining home sales in the UK. The UK housing market, which has been known for its resilience and fluctuating dynamics, is experiencing a significant downturn in demand for homes. In a recent revelation, Zoopla, a prominent…
metamorworks Ubiquiti Inc. (NYSE:UI) is a stock that I have followed for a long time now. You can see my first article written about the company was 9/15/2014. I was a believer in the stock as a long term investment at that time. I turned out to be very right. I also betrayed my own…
malerapaso/E+ via Getty Images The Lithium Investment Thesis Remains Robust We previously covered Albemarle Corporation (NYSE:NYSE:ALB) and Sociedad Quimica y Minera de Chile S.A. (NYSE:NYSE:SQM) in April 2023, discussing their stocks’ over sold cadence at that time. This was attributed to Chile’s potential nationalization of the lithium industry. While both had moderately recovered afterwards, the…
JHVEPhoto The Australian mining giant BHP (NYSE:BHP) released its full-year (year ending June 30, 2023) results yesterday. Suffice it to say, they aren’t pretty. When I wrote about the company in late June, with just the slightly dated first half (H1 FY23) numbers, the revenue outlook looked challenged even as there was more hope for…
The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin volatility returns with an exchange rate crash. Aug. 17, marked the return of the…
JulPo Introduction Fintech companies have been getting a lot of heat after the run-up in 2021 as a lot of them were lacking strong margins, some companies that come to mind are Paysafe (PSFE) but also larger institutions like PayPal (PYPL), which at least have decent margins. But for Euronet Worldwide, Inc. (NASDAQ:EEFT) the price…