Dontaye Carter, a Democratic party organiser in Fulton County, Georgia, has a blunt message for Joe Biden from the front lines of the most crucial political battleground in the American south. He sees troubling signs that Biden’s re-election campaign will struggle to turn out the young and racially diverse voters he needs to defeat Donald…
Galeanu Mihai Meta Platforms (NASDAQ:META) slumped following a Q1’24 earnings report where the company projected a new round of spending on AI. The stock rebounded off the 2022 lows below $100 due in part to controlling spending and ushering in a year of efficiency. My investment thesis is Bullish on the stock following this dip,…
avid_creative Investment Overview Merck & Co., Inc. (NYSE:MRK) will announce its Q1 2024 earnings next Thursday, April 25. Analysts’ consensus opinion is that earnings per share will be in the region of $1.99 on a normalized basis, or $1.87 on a GAAP basis, on revenues of ~$15.2bn. Big pharma is generally regarded as a strong…
Daniel Grizelj DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note…
Yuichiro Chino/Moment via Getty Images Oaktree Specialty Lending (NASDAQ:OCSL) suffered fear-driven selling pressure after the BDC’s lending performance deteriorated in the December quarter. A non-characteristic rise in the non-accrual percentage caused Oaktree Specialty Lending to slide from $21.50 to $19.00 after earnings, but shares have stabilized at $19.68 now and a bottom formation is materializing….
wildpixel $31.5B write-off in focus This Wednesday, British American Tobacco p.l.c. (NYSE:BTI) announced a $31.5B write-down. The write-down was caused by a combination of factors. To me, the gist is probably best summed up by its CEO Tadeu Marroco, who described it as “accounting catching up with reality.” Anyway, the purpose of this article is…
designer491 Shares of Neurocrine Biosciences (NASDAQ:NBIX) have been stuck in a range recently due to a combination of a lack of appreciation for good news on the clinical side with two phase 3 trial wins for crinecerfont and the continued strong growth of Ingrezza, and some market “appreciation” on the downside due to the two…
D-Keine It has been an eventful two months since I last updated Unity Software Inc. (NYSE:U) investors in mid-September. The debacle surrounding the company’s disastrous launch of its runtime fee led to the departure of its ex-CEO, John Riccitiello, from all leadership roles. The new team, under the leadership of Interim CEO James M. Whitehurst,…
KanawatTH We previously covered Realty Income (NYSE:O) in August 2023, discussing the massive pessimism embedded in its stock valuations and prices, worsened by the sustained share dilution to fund the aggressive acquisition plans. The elevated interest rate environment and highly leveraged REIT business model had triggered its eye-watering interest expenses, resulting in impacted profitability. While…
PM Images While the S&P 500 (SP500) and Nasdaq (NDAQ) are up 13.17% and 29.48%, respectively on a YTD basis, the rally has been fueled by big tech. Many sectors have been crushed in 2023 as the following ETFs are all the red, Utilities Select Sector SPDR® Fund ETF (XLU) -15.89%, Financial Select Sector SPDR®…
This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “Romantic love is an addiction”, says Dr. Helen Fisher, a biological anthropologist at Rutgers University. “My guess is that our modern addictions — nicotine, drugs, sex, gambling — are simply…
Justin Sullivan I last updated investors on The Coca-Cola Company (NYSE:KO) in early January as I downgraded the stock following its recovery from its October 2022 lows. I reminded investors that its price action and valuation were no longer attractive. As such, the rotation into risk-on stocks has led to significant underperformance in KO and…
While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. For the month of July 2023, the Eurozone has delivered a robust set of GDP numbers beyond market expectations. The new growth numbers show economic activity picking…