Walter Bibikow By Carsten Brzeski & Francesco Pesole Everything looked so easy for the ECB. Last week’s meeting had not only opened the door widely to a June rate cut, but upcoming data releases with some softening of wage growth and inflation would allow the ECB to walk through that door. The ECB’s own inflation…
ken tera/iStock Editorial via Getty Images Introduction Today, I want to update my thesis about NIO Inc. (NYSE:NIO). I covered the stock in January, for the first time and my rating for the stock was “Strong Sell” because I saw several weaknesses in the business. Since my first coverage went live, the stock has declined…
polybutmono While most of the stock market has performed well in recent months, some segments have not kept up. Notably, the transportation industry has struggled with lower demand and, more importantly, significantly higher operating and input costs. That trend is evident from air travel to ground package transportation. Fundamentally, the cost of paying transportation operators…
CHUNYIP WONG/iStock via Getty Images Thesis Office Properties Income Trust (NASDAQ:OPI) suffered a 37% decline following the announcement of a dividend cut on Jan-11. However, after examining the OPI portfolio, I believe the company has been oversold. Since the onset of COVID, the stock has witnessed a nearly 90% drop in price, driven by concerns…
Sundry Photography Investment thesis I was very bullish about Enphase Energy (NASDAQ:ENPH) in 2023, but it did not age well as the stock price declined by 29% since my first thesis went live in May. The latest thesis, as of early September, aged slightly better but substantially underperformed the broader U.S. market. Today, I want…
With the US inflation having eased without significant unemployment, the Fed unanimously agreed to hold the borrowing rate between 5.25 and 5.5 percent for the third consecutive time. The United States stock market recorded a profitable day led by the Dow Jones Industrial Average (DJIA) and the S&P 500, after several high-impact news released by…
OlenaMykhaylova The First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) is a closed-end fund that income-focused investors can employ to pursue their goals. As the name suggests, the fund seeks to reduce duration risk compared to some other closed-end funds, which should result in it being somewhat less volatile in a changing interest rate…
urbazon In his early days as a value investor, Warren Buffett utilized a cigar butt style of investing that he learned by studying Benjamin Graham and other investment greats. This manner of investing focuses on companies that have real fundamental issues but that the market misjudges the potential of even with all the pain that…
David Ramos As Hong Kong’s stock market looks set to fall for a fourth consecutive year, blue chip smartphone maker Xiaomi Corp. (OTCPK:XIACF) (OTCPK:XIACY) (1810.HK) stands out as a bright spot in an otherwise bleak setting. While most companies have fallen this year, Xiaomi’s shares are up more than 40% year-to-date as it gains market…
yipengge/E+ via Getty Images Nissin Foods Co. Ltd. (OTCPK:NFPDF) (1475.HK) is showing that growing sales aren’t the only – or even the most important – ingredient for success in China’s massive instant noodle market. The company, known locally for its Cup Noodles and Gongzai Noodles that have become synonymous with one of China’s favorite fast…
Delpixart/iStock via Getty Images A fresh bull market is well underway, with investors shrugging off the threat of inflation and cheering the end of rate hikes. Growth stocks are hot again, with very few exceptions – and among them is Sea (NYSE:SE), the self-dubbed “Amazon of Southeast Asia.” This one-time market darling has seen its…
BrianAJackson Investment Overview – Maravai’s Monster IPO Amid COVID Vaccine Hype Maravai LifeSciences (NASDAQ:MRVI) joined the Nasdaq back in November 2020, its Initial Public Offering (“IPO”) raising an astounding $1.62bn via the issuance of ~60m shares, priced at $27 per share. Formed in 2014, via a partnership between life science industry veterans Carl Hull and…
Damian Lugowski/iStock via Getty Images In February, I believed that investors in Hanesbrands Inc. (NYSE:HBI) were standing in their shorts. The company has seen tough years, with sluggish operating performance being exaggerated by too much leverage. After a tough 2022, the 2023 outlook was outright shocking, and after the dividend was finally eliminated, Hanesbrands had…
plastic_buddha Over the past three years, volatility has caused many investors to flock toward alternative “inflation hedge” assets. Gold performed very well during the initial government stimulus programs and QE efforts in 2020. Since then, it has not held its weight, primarily due to rising interest rates pushing the value of the US dollar higher….
iantfoto Unitholders in NextEra Energy Partners, LP (NYSE:NEP) have suffered the worst hammering since the COVID pandemic, leading to NEP’s March 2020 lows at the $29 level. Incredibly, the significant guidance downgrade highlighted by NEP CEO John Ketchum led to a re-test of that level this week, as investors witnessed NEP revisiting the levels last…
tadamichi By Shawn Lyons, CFA, Vice President and Portfolio Manager, Franklin Templeton Fixed Income Group The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues. Office CRE, how bad is…
nevarpp Airline pilot Sully Sullenberger achieved a miracle landing on the Hudson in 20091. U.S. Federal Reserve (Fed) Chair Jay Powell’s attempt at a soft landing for the U.S. economy may have an even higher degree of difficulty. This pandemic-generated cycle has been unusual in so many ways that a soft landing cannot be ruled…
Smederevac/iStock via Getty Images Investment Rundown The trajectory for Stepan Company (NYSE:SCL) has been a steady decline the last couple of months and I don’t think the price has by any means managed to approach a level where it looks appealing unfortunately. Based on the FWD earnings multiple the company still displays a premium of…
Ivan Grabilin I kept my Hold rating on leading casino and experiential REIT VICI Properties Inc. (NYSE:VICI) at my previous update in November 2022, even as it bottomed out in November. I gleaned that VICI’s remarkable growth momentum was expected to normalize moving forward, and its forward dividend yield wasn’t appealing enough. Accordingly, VICI has…
mikulas1 If you read various online message boards where gold bugs and junior gold miner stock investors comment, you might think that the past 3 years have been the worst gold and miners bear market of our lifetimes. Sentiment seems as low as it has ever been. Frustration with falling share prices of junior gold…
Steve King Monroe Capital (NASDAQ:MRCC) last declared a quarterly cash dividend of $0.25 per share, in line with its prior payment and for a 13.5% annualized forward yield. Income is the prize and Monroe’s double-digit yield has moved to pandemic-era highs on the back of what’s been a 17% dip in its common shares over…
arild lilleboe Introduction The Norwegian-based Equinor ASA (NYSE:EQNR) reported its second quarter 2023 results on July 26, 2023. Note: This article updates my article published on June 10, 2023. I have followed EQNR on Seeking Alpha since January 2017. This article discusses the company’s recent history, including the second-quarter earnings. As I said in my…
Receive free French economy updates We’ll send you a myFT Daily Digest email rounding up the latest French economy news every morning. German and French inflation slowed this month to the lowest annual rates since Russia’s full-scale invasion of Ukraine, prompting investors to pare back their bets of another interest rate rise from the European…