PM Images We are always on the lookout for dividend increases. Whether it is on our website or social media platforms, we are always sharing dividend increase news. In this article, we are featuring 5 expected dividend increases in May 2024. Why do we suspect these companies are going to announce a dividend increase in…
DeanDrobot/iStock via Getty Images Pyxis Oncology (NASDAQ:PYXS) is developing antibodies and antibody-drug conjugates (ADCs) for various tumor types. When I wrote about the company in September 2023, I rated it a buy as the name was trading below cash and had the potential to run up into preliminary data from a phase 1 trial of…
Michael Vi It’s difficult to remember this maxim in a frothy market environment, but investors should always keep in the back of their heads that valuation matters. Amid all-time market highs, a rising tide will not lift all boats: especially expensive stocks that are starting to see their strong fundamental performance unwind. MongoDB (NASDAQ:MDB), unfortunately,…
TheaDesign The 2024 bull market has been fueled by a number of healthy sector rotations. Over the past month, it may surprise you to find Materials (XLB) are the best performing sector and have outperformed Technology (XLK) by 2.27%. This week Financials (XLF) and Industrials (XLI) are outperforming. It’s not all about the “Mag 7.”…
David Ramos/Getty Images News Aena S.M.E., S.A. (OTCPK:ANYYY) is the largest airport operator by passenger volume in the world with most of its traffic based in Spain. The Spanish government owns 51% of the company and retains majority voting control. I last wrote about Aena in the article, Aena: Growing Demand As Passenger Traffic Recovery…
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…
Just_Super Summary Following my coverage on Thoughtworks (NASDAQ:TWKS), which I upgraded to a buy rating as I thought the business was executing much better than expected – as seen from how they changed their strategy to adapt to the macro environment – this post is to provide an update on my thoughts on the business…
Spencer Platt Investment Thesis CAVA Group (NYSE:CAVA) continues to see its stock soaring higher and higher every day. But beyond its share price, I don’t believe its fundamentals are growing quite as strongly as its share price leads one to believe. According to my estimates, CAVA Group’s 2024 revenue will decelerate from 60% y/y CAGR…
vzphotos There’s no sugarcoating the fact that AbbVie (NYSE:ABBV), the biggest healthcare stock by market capitalisation after Eli Lilly and Company (LLY), has seen dismal full-year results for 2023 last month with a 6.4% decline in revenue and a huge 59% drop in reported earnings per share [EPS]. Still, its price is on the up…
shapecharge Early each year, I like to check in on how annuity sales trended for the previous year. Survey says: Another record. According to LIMRA, 2023 marked the second consecutive year of record sales for annuities. The increase was +23% compared to 2022 as retirement numbers continue to show more older workers exiting the labor…
da-kuk/E+ via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a hold for Paycom (NYSE:PAYC), as I became uncertain about the near-term future of the business, given that the growing adoption of BETI is expected to cannibalize growth. I am reiterating my hold rating as various headwinds…
Petrovich9 The U.S. Federal Reserve is widely expected to lower interest rates at either the May or June meeting. Daniel Ghali, Senior Commodity Strategist with TD Securities, tells MoneyTalk’s Greg Bonnell why he thinks many investors may be under-positioned in gold when interest rate cuts start. Greg Bonnell: While the US Federal Reserve has preached…
Bloomberg/Bloomberg via Getty Images Introduction In my previous article, I had a buy rating on Verizon (NYSE:VZ). At the time, I viewed Verizon’s net customer acquisition trend favorably as the company’s multi-quarter losses were improving nearing positive net adds. Further, I also believed that Verizon could expect a meaningful tailwind due to potentially favorable macroeconomic…
INA FASSBENDER/AFP via Getty Images E.ON (OTCPK:EONGY) is a slow-growing utility company, with most of its income coming from energy networks that are heavily regulated by governments. The company is considered a stable dividend payer; however, you have to buy it at the right price to achieve a reasonable dividend yield. This is not the…
xavierarnau Adtalem Global Education (NYSE:ATGE) offers workforce solutions. Recently, Safkhet Capital published a report against ATGE, due to which its share price fell more than 19% in just one week. However, the management has denied all the allegations and states that the report is false and is aimed towards making money through short selling. I…
NYCstock Quick Overview With banks making headlines this week again, I wanted to touch upon a subsector of the financials segment that is often under-covered but often presents an interesting investing opportunity as I’ve written about in the last year, and that is insurance. Though it may not be the mainstream media’s hip and cool…
Wirestock Since I last wrote an earnings preview on pharmaceuticals company GSK plc (NYSE:GSK) last October, its price is up by 11.8%, which was to be expected on good results and the settlement of its heartburn medication, Zantac, related cases in California. With full-year 2023 results expected at the end of the month, a continued…
RiverNorthPhotography Shares of Fifth Third Bancorp (NASDAQ:FITB) have underperformed the market meaningfully over the past year, but they have recovered nearly all of their losses in the wake of last winter’s regional banking crisis, which significantly increased funding costs. In September, I argued that shares were a hold at $28 and would be a buy…
gustavofrazao/iStock via Getty Images One little-known bank that we hold-rated in 2023 is Parke Bancorp, Inc. (NASDAQ:PKBK). The stock fell heavily with regional banks, but now has round-tripped over the last year. At this point, we think the bank is performing well. It is a small stable bank with a moderate yield. We continue to…
The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro. The United States Securities and Exchange Commission (SEC) has agreed to delay the trial of Terraform Labs founder Do Kwon. According to a Monday filing, the trial will not begin until Kwon’s extradition to the…
Investors interested in Bitcoin ETFs in the US have been transferring their 401k retirement plans to institutions offering seamless trading in a bid to obtain financial freedom. The approval of 11 spot Bitcoin exchange-traded funds (ETFs) has received mixed reactions in the past two days. On one hand, the approval of spot Bitcoin ETFs by…
Graham Montanari/iStock Editorial via Getty Images Here at the Lab, our readers know we closely follow the automotive and luxury sectors. Ferrari (NYSE:RACE) is a unique business that combines the two industries, and there are almost no companies with this ability to allocate their production to clients with an order book that stretches until 2026….
Dilok Klaisataporn Time to enter the new year in style! We love dividend increases because your passive income grows without lifting a finger. We are watching the news every single day to see what stocks announced a dividend increase to determine if our income grew! In this article, we are going to feature 6 expected…
Christopher Furlong/Getty Images News As a recent retiree now entering the “decumulation phase” of my investing life, I am interested in collecting high yield income from stocks such as BDCs, as I have previously written about. I most recently reviewed a BDC that I added to my Income Compounder portfolio back in September, when I…
Parradee Kietsirikul/iStock via Getty Images Intro We wrote about Mayville Engineering Company, Inc. (NYSE:MEC) in September of this year when we reaffirmed our ‘Hold’ position in the stock. The company at the time was on the back of consecutive quarterly earnings misses, followed by a further bottom-line miss in Mayville’s recently reported third-quarter numbers. Although…
Editor’s note: Seeking Alpha is proud to welcome Florian Muller 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 » Armando Oliveira/iStock Editorial via Getty Images One might think…
In 2024, the Web3 industry is expected to become more robust, with increased Bitcoin involvement, mergers, acquisitions, and RWA tokens. Blockchain investment and advisory firm The Spartan Group has highlighted a few exciting things in the Web3 space that are expected in 2024. In a recent Medium publication, the company revealed predictions made by several stakeholders…
The three major indexes, the S&P 500, the Dow, and the Nasdaq are enjoying a continued rally as the market hopes for rate cuts. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average (DIJA) all closed higher, maintaining streaks of continuous increases. The Nasdaq hit 14,904.81 after adding 0.61%, while the Dow added…
AvigatorPhotographer Note: I have covered Borr Drilling Limited (NYSE:BORR) previously, so investors should view this as an update to my earlier articles on the company. Q3 Results In Line With Management’s Projections Last month, leading offshore driller Borr Drilling Limited or “Borr Drilling” reported Q3/2023 results largely in line with recently-lowered expectations. However, revenues of…
Analysts at Fortune found that the flourishing landscape of blockchain gaming is not without its hurdles. As such, they have pinpointed several important factors hindering the sector’s growth. With the current global cryptocurrency market valued at around $1.54 trillion, the blockchain gaming sector is set to make waves over the next six years. According to…
In a subtle yet significant move, Google has quietly adjusted its Crypto Ad Guidelines, ahead of the anticipated launch of a Bitcoin Exchange-Traded Fund (ETF) in the US. Beginning January 29, 2024, the search giant’s revised policy will permit advertisers offering “Cryptocurrency Coin Trusts” targeting the United States, provided they meet specific requirements and gain Google’s…
champpixs The Drumbeat This headline from Bloomberg gives a good summation: “After So Many False Dawns, the Market Is Convinced the Fed Will Finally Cut.” Maybe that is the reason for the recent strength and the march toward new all-time highs for the Dow and S&P 500, but I’m not so sure. To me this…
Santiment revealed that despite a price drop, Bitcoin can reach $50,000. Ethereum and Solana have managed to hit the highest levels in more than one year and a half. ETH price now is $2,353 while SOL is trading at around $71. At the same time, Bitcoin (BTC) has decreased to $43,000 again. However, experts believe…
The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”….
Scott Olson/Getty Images News Here’s something puzzling about adidas (OTCQX:ADDYY). The popular German sports products company has seen very muted sales and profits so far this year. But its price is on the rising curve, up by no less than 45% year-to-date [YTD]. Price Chart (Source: Seeking Alpha) Now here’s the real rub. The combination…
fazon1 By James Smith, Developed Markets Economist To no great surprise, UK inflation plunged in October as the impact of lower gas prices finally showed through in a meaningful way. Last year’s 25% increase in household energy bills has dropped out of the annual comparison, while electricity/gas prices fell by 7% in October this year….
Bitcoin bulls may be hoping that the expected CPI report may present some respite for BTC, which has struggled to maintain momentum. The general financial market is anticipating the Consumer Price Index (CPI) today to put some figures in perspective regarding the state of the economy. In addition to economic indicators, the content of the…
Dontstop By Tajinder Dhillon Earnings season is in full effect and we preview the Russell 2000 (RTY) 2023 Q3 earnings season in granular detail, providing both aggregate and company-level insights using data from LSEG I/B/E/S, LSEG StarMine, and LSEG Datastream, which are all found in the desktop solution LSEG Workspace. Earnings Commentary The Russell 2000…
The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration. Multinational investment bank and financial services company UBS Group AG (SWX: UBSG.SW) has published its report for Q3 2023, showing a disappointing net loss. The banking giant announced $785 million in net…
Justin Sullivan Apple (NASDAQ:AAPL) reported its Q4 FY23 results on November 2nd, 2023. The company experienced a 0.7% decline in revenue year-over-year, with foreign exchange having a negative impact of 2% this quarter. Product revenue decreased by 5% from last year, while service revenue grew by 16% year-over-year. As mentioned in my introductory article, I…
Sam Bankman-Fried will be pushing to clear his name after his former colleagues made many revelations that could lead to his imprisonment for more than 100 years if the jury finds him guilty. After the prosecutors had a chance to present their witness to testify against former FTX boss Sam Bankman-Fried (SBF), the defense attorneys…
According to Apple analyst Ming-Chi Kuo, if Apple comes up with new M3 Macs, their production volume is likely to be low. The analyst says the tight supply will last until the first quarter of 2024. Apple Inc (NASDAQ: AAPL) is sending invitations for a launch event that will be streamed on its website on October…
Joe Raedle Early this year, I published a detailed bearish article regarding Beyond Meat (NASDAQ:BYND) and my view that it would be unlikely to survive. Since then, BYND has lost an additional 60% of its value, falling from $17.3 to $6.8 today, while its short interest rises to a staggering 41%. With such high short…
Torsten Asmus Introduction We previously covered Vanguard Total International Bond ETF (NASDAQ:BNDX) back in April 2020 (click here for the article). At that time, it was during the peak of market fear, and we mentioned that the fund should appreciate its fund price as the market fear recedes. It has played out as we expected…
JHVEPhoto/iStock Editorial via Getty Images Earnings season kicks into high gear this week and next. Goldman Sachs notes that 79% of S&P 500 companies and market cap will have reported by November 3rd, so the next few weeks are prime time for a gauge on the state of corporate profits. Companies in the Financials sector…
Nikada By Timothy Rahill; Jeroen van den Broek According to Moody’s, (as of August) default rates are now sitting at 3% in Europe and 4.8% in the US. We expect to see a rise of 2.5% in Europe next year and just a 1.2% rise in the US. We have seen more defaults registered in…
Data released by the Labor Department show that CPI for September increased higher than expected, with several prices up from August. According to figures published by the Labor Department, the prices of goods and services increased quicker than expected in September. The consumer price index (CPI) rose 0.4% in September and 3.7% compared with the same period…
Bruce Bennett In February, I placed a “Sell” rating on Best Buy (NYSE:BBY), saying its Q4 guidance looked aggressive. Its Q4 results were better than I expected, but weak guidance sent the shares lower, and I moved my rating up to “Hold” given a lack of downside catalysts and BBY’s strong capital allocation policies. The…
Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion. Santa Clara, California-based semiconductor connectivity solutions firm, Astera Labs Inc has appointed Morgan Stanley (NYSE: MS), and JPMorgan Chase & Co (NYSE: JPM) as the lead underwriters for its highly anticipated initial public…
This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States, Analisa Torres, rejected the…