Monty Rakusen Intro & Thesis I initiated coverage of Medtronic plc (NYSE:MDT) stock in October 2023, with only one subsequent update on January 10, 2024. Up to that point, my rating remained bullish, but unfortunately, following the latest update, the stock has shown underperformance relative to the broader market, the S&P 500 (SP500) (SPX) index:…
Klaus Vedfelt Amid all-time highs for gold and sticky inflation, we turn our eye to the concerning fiscal outlook for 2025. Investors should be prepared. They say that no one rings the bell at market tops and bottoms, but some important bells are ringing. Most importantly, gold prices are hitting all-time highs despite outflows from…
Daniel Grizelj The WD-40 Company (NASDAQ:WDFC) stock is a long-term name we have continued to hold, one of our longest-held positions. In our last update, we continued to suggest holding shares are pricey based on valuations metrics. However, the stock has been consistently “overvalued” on many of these metrics. The stock, despite all the movement…
guvendemir Investment Thesis AeroVironment, Inc. (NASDAQ:AVAV) continues to delight investors with its three consecutive guidance raises this fiscal year. As we look ahead, management now guides for approximately 14% CAGR for the next fiscal year. This investment thesis is not blemish-free, as you’ll soon see. But according to my estimates, the stock is priced at…
imaginima Investment Thesis Pure Storage, Inc. (NYSE:PSTG) delivered an enticing outlook for fiscal 2025 (the current calendar year) with its Q4 fiscal 2024 results. Note that PSTG’s fiscal year and calendar year are misaligned. What ignited the bull case for investors is that PSTG has found a path to increase its underlying profitability, while at…
Future Publishing/Future Publishing via Getty Images Investment Thesis MongoDB (NASDAQ:MDB) has a very long time being recognized as expensively priced. Indeed, I estimate that MongoDB is priced at 85x next year’s forward non-GAAP operating profits. However, I also argue that this valuation is justified given that MongoDB enjoys widespread adoption in cutting-edge technology environments, excelling…
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…
FinkAvenue Investment Thesis Microsoft Corporation (NASDAQ:MSFT) is truly in its stride. The firm is executing their commercialization of AI strategy perfectly by providing users with great AI-enhanced versions of existing products. The latest fiscal Q2 results see Microsoft boasting great levels of revenue and margin growth, with the firm enjoying a solid mix of high-margin…
This article was written by Follow Dividends (DGI and DRIP) and Growth at reasonable price (GARP) for Long-term. Serious money.Fun trading for short-term. Play money.Ideas and thoughts presented in the articles are not professional recommendations. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans…
Douglas Rissing This article discusses the big divergence between U.S. fiscal policy and U.S. monetary policy over the past year, and how that impacts various parts of the economy differently. It also takes a look at how the United States, Europe, and China have sharply diverged from each other on these policies. The Fed vs…
Sundry Photography/iStock Editorial via Getty Images In October, I reiterated my buy recommendation on Toll Brothers (NYSE:TOL), arguing there could be 40% upside. Since then, shares have already returned 24%. Despite this strong rally, I believe investors should stay long Toll. After the company’s most recent quarterly results and strong guidance, I see more upside…
8vFanI If you’re not yet familiar with the business development company industry, you’d do well to check it out, especially if you’re an income investor. Known as BDCs, these firms lend money to privately held companies, which also have co-sponsors, such as VC groups and hedge funds. We’ve covered several BDC’s in our weekend articles,…
Adventure_Photo Vail Resorts (NYSE:MTN) has been a poor performer over the past twelve months, losing about 13% of its value. This has added to long-term underperformance with shares 4% lower than five years ago. Higher rates have weighed on real-estate valuations, and the company has struggled to grow into its once-lofty valuation, given the slow-growth…
PM Images Shares of Sprinklr, Inc. (NYSE:CXM) plunged today despite the company beating EPS and revenue expectations in fiscal Q3 2024 and raising the full-year guidance revenue and EPS guidance. This was because the beat-and-raise came along with a warning of tougher macro conditions that are impacting customer spending and deal sizes in fiscal Q4,…
Luis Alvarez/DigitalVision via Getty Images In an article we published a year ago in Aug 2022, we expressed our optimism on the deal between Valvoline (NYSE:VVV) and Aramco (ARMCO) in which the former agreed to sell its Global Products (Lubricants) business in order to focus on growing its more competitive Retail Services business. Post-transaction, the…
pixdeluxe NetApp (NASDAQ:NTAP), a notable player in the technology sector, has consistently demonstrated resilience and adaptability amidst a challenging landscape. Our in-depth analysis of the company’s Q2 2024 earnings, recent earnings call, and valuation metrics paints a complex yet promising picture. NetApp’s robust financial health and operational efficiency are commendable despite notable macroeconomic pressures and…
mphillips007 Martin Wolf, writer for the Financial Times, has warned us: “Painful fiscal choices seem to lie ahead.” Public debt has reached high levels when compared with the past. Mr. Wolf reports that the IMF has shown that in 2023 the ratio of public debt in high-income countries reached 112 percent. This is down from…
Scott Olson Article Thesis Apple Inc. (NASDAQ:AAPL) reported its most recent quarterly earnings results on Thursday afternoon. While the company saw its profits come in ahead of estimates, results weren’t great. For a company that is trading at an expensive valuation, Apple hasn’t performed well enough, I believe. What Happened? Apple Inc. has announced its…
The securities mentioned above comprise the following preliminary percentages of the Oakmark Select Fund’s total net assets as of 09/30/2023: Alphabet Cl A 8.7%, Capital One Financial 5.7%, Charter Communications Cl A 5.0%, First Citizens Bschs Cl A 6.3%, First Citizens Bcshs Cl B 0.4%, IQVIA Holdings 6.4%, Meta Platforms 0% and Oracle 2.8%. Portfolio…
asbe The Oakmark Global Fund (MUTF:OAKGX, the “Fund”) returned 26.88% for the fiscal year ended September 30, 2023, outperforming its benchmark, the MSCI World Index (net), which returned 21.95%. For the most recent quarter, the Fund returned -5.42%, compared to the benchmark’s return of -3.46%. The Fund has returned an average of 9.06% per year…
G0d4ather The Oakmark Global Select Fund (OAKWX, the “Fund”) returned 27.70% for the fiscal year ended September 30, 2023, outperforming the MSCI World Index (net), which returned 21.95%. For the most recent quarter, the Fund returned -1.92%, compared to the benchmark’s return of -3.46%. The Fund has returned an average of 7.13% per year since…
metamorworks MARKET OUTLOOK POSITIONING The fixed income investing landscape remained challenged in the third quarter. We maintain our recommendation for focus on individual credit selection over broad-based asset class or rate calls. Credit selection remains paramount, given the heightened uncertainty surrounding how this rate hike cycle will eventually impact the economy. While many areas offer…
Roman Didkivskyi/iStock via Getty Images The Oakmark International Fund (MUTF:OAKIX, “the Fund”) increased 34.39% for the fiscal year ended September 30, 2023, outperforming the benchmark, the MSCI World ex U.S. Index (net), which increased 24.00% over the same period. For the most recent quarter, the Fund returned -6.89%, compared to the benchmark’s return of -4.10%….
Thinkhubstudio The Oakmark Fund (“the Fund”) returned -1.31% during the third quarter, 15.91% calendar year to date, and 27.84% for the fiscal year. These returns compared to the S&P 500 Total Return Index’s -3.27% in the third quarter, 13.07% for the calendar year, and 21.62% for the fiscal year. We are pleased that the Fund…
simon2579 THOR Industries (NYSE:THO), the leading U.S. manufacturer of recreational vehicles (RVs), released its full year results on Monday. As my initiation report was published almost a year ago, I thought it was timely to provide an update. For the sake of brevity, I will not rehash THOR’s competitive advantages or its history; I will…
Matteo Colombo Investment Briefing AngioDynamics, Inc. (NASDAQ:ANGO) posted its fiscal ’23 numbers last month, with mixed results. On the one hand, divisional growth was strong in Med Tech and parts of its mechanical thrombectomy lines. On the other, profitability didn’t even attend the party, whereas investors were left with a hangover from the downsides in…
Lululemon Athletica announced a revenue of about $2.2 billion, up approximately 18 percent compared to the same time last year. Canadian multinational athletic apparel retailer Lululemon Athletica Inc (NASDAQ: LULU) released its Q2 2023 financial results and the full-year outlook on Thursday. According to the announcement, the company’s operations continued to strengthen during the second…
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects. Salesforce Inc (NYSE: CRM), a leading American cloud-based software company, announced several announcements on Wednesday, including fiscal Q2 2024 ended July 31, 2023. According to the announcement, Salesforce recorded an adjusted earnings per share of…
AmyKerk/iStock via Getty Images Introduction Agenus (NASDAQ:AGEN), a clinical-stage firm, specializes in therapies utilizing the body’s immune response to tackle cancer and infections. Through its subsidiaries, MiNK Therapeutics and SaponiQx, Agenus diversifies into adoptive cell therapies and vaccine adjuvants, respectively. Their strategy in Immuno-oncology (I-O) hinges on swift, innovative combinations. Agenus boasts a comprehensive lineup,…
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead. Nvidia Corp (NASDAQ: NVDA) shares closed Wednesday trading at $471.16, up 3.17 percent from the day’s opening price. The NVDA gains extended by about 6.58 percent during the after-hours session to trade at about $502.15….
Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes. American exercise equipment company Peloton Interactive (NASDAQ: PTON) saw its shares plunge nearly 30% in premarket trading after it posted disappointing figures for fiscal Q4 2023. As of this writing, Peloton stock…
Zoom announced that its Q2 revenue came in at about $1.138 billion, up 3.6 percent YoY. Zoom Video Communications Inc (NASDAQ: ZM) shares closed Monday trading at $67.27, up 1.48 percent from the day’s opening price. The ZM shares continued in gains during the after hours with about 3.79 percent, to trade around $69.82. The…
jetcityimage/iStock Editorial via Getty Images Paycor HCM, Inc. (NASDAQ:PYCR) has just announced its fiscal Q4 and full-year 2023 results as Seeking Alpha has covered here. Based on initial reaction, it appears like Mr. Market is not all too excited about the results as the stock has fluctuated between 2% and 8% down. But, as I…
The company’s expansion into new business verticals has played a significant role in bolstering its fiscal Q1 2024 results. Chinese e-commerce giant, Alibaba Group Holding Ltd (HKG: 9988) has announced remarkable revenue and financial results for its fiscal Q1 2024 ending June 30. With a 14% year-on-year increase in revenue and a surge of more…
Before releasing the latest ratings, Fitch had initially warned about a possible downgrade during US debt ceiling negotiations a few months ago. Fitch Ratings, one of the major credit rating agencies, downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on August 1. The move comes amid concerns over expected…
Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Japanese electronics giant, Panasonic Holdings Corp (TYO: 6752) renowned for its diverse product portfolio has recently reported a stellar Q1 profit performance. According to reports, the company’s operating profit came in at an impressive 90.37 billion yen ($637…