Philip Steury US monetary policy easing is set to begin later than previously forecast. Following a run of stronger-than-expected inflation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December’s meeting. Policy rate reductions will not occur until there is “greater confidence that inflation is moving sustainably…
Igor Kutyaev/iStock via Getty Images (All MSCI index returns are shown net and in U.S. dollars unless otherwise noted.) Markets Review Sources: CAPS CompositeHubTM, Bloomberg Past performance is not indicative of future results. Aristotle International Equity Composite returns are presented gross and net of investment advisory fees and include the reinvestment of all income. Gross…
Start Time: 09:30 January 1, 0000 9:27 AM ET Freeport-McMoRan Inc. (NYSE:FCX)BofA Securities Global Metals, Mining and Steel ConferenceMay 14, 2024, 09:30 AM ET Company Participants Richard Adkerson – Chairman and CEO Conference Call Participants Lawson Winder – Bank of America Operator Good morning, and hello from me. For those of you just joining us,…
The Clorox Company (NYSE:CLX) Goldman Sachs Global Staples Forum May 14, 2024 8:15 AM ET Company Participants Linda Rendle – Chief Executive Officer Conference Call Participants Bonnie Herzog – Goldman Sachs Bonnie Herzog Good morning, everyone. Thank you all for joining us today. I’m Bonnie Herzog, Senior Consumer Staples Analyst at Goldman Sachs and I’m…
Abstract Aerial Art The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, thereby concluding the contraction streak of just over two years. The seasonally adjusted Global PMI New Export Orders Index posted 50.6 in April, up from…
Global Crossing Airlines Group Inc. [JETMF] Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Chris Jamroz – Executive ChairmanRyan Goepel – CFOGrant Howard – President, the Howard Group Conference Call Participants Brian Foote – Broadway Capital Management. Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome…
Ildo Frazao Foreign fixed-income markets from a US investor perspective have been an unappealing asset class lately – with a glaring exception: corporate bonds in emerging markets. Year to date, this slice of global fixed-income securities is hot, based on a set of ETFs through Thursday’s close (May 9). The rest of the field is…
The Good Brigade/DigitalVision via Getty Images Things are getting really interesting when it comes to entertainment giant Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA). Shares have been shooting up and pulling back over the past couple of days as opportunity arises because of a new bid to acquire the business, and as concerns over whether or not that…
Cboe Global Markets, Inc. (BATS:CBOE) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Kenneth Hill – Vice President of Investor Relations & TreasurerFred Tomczyk – Chief Executive OfficerDavid Howson – Executive Vice President & Global PresidentJill Griebenow – Executive Vice President, Chief Financial Officer & Chief Accounting OfficerChristopher Isaacson –…
Apollo Global Management, Inc. (NYSE:APO) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Noah Gunn – Global Head, Investor RelationsMarc Rowan – Chief Executive OfficerJim Zelter – Co-PresidentMartin Kelly – Chief Financial Officer Conference Call Participants Glenn Schorr – EvercoreAlex Blostein – Goldman SachsBrennan Hawken – UBSBill Katz – TD…
SeanShot Introduction I have good news! Bloomberg reported that commercial real estate debt is making a comeback. Investors have bought close to $25 billion of new commercial mortgage-backed securities so far this year. That’s 170% more compared to the same period in 2023. Last year, CMBS issuance suffered from the bankruptcies of smaller regional banks,…
FeelPic By Grace Su & Jean Yu, CFA, PhD Improvers Outpace Broader Value Gains Market Overview Global markets generated positive returns in the first quarter driven by optimism over an economic soft landing, improving economic data, the prospect of rate cuts in the U.S. and Europe and structural economic and corporate reforms in Japan. The…
Michael H/DigitalVision via Getty Images By Charles Hamieh, Shane Hurst, Nick Langley, & Simon Ong Reshoring and Data Centers Support Select Utilities Market Overview Infrastructure assets trailed global equities in the first quarter amid a robust rally for equities, in many ways a continuation of the bull market begun in late 2023 as softening inflation…
Strike has announced its expansion into Europe, bringing its Bitcoin services to millions of people across the continent, according to a press release sent to Bitcoin Magazine. As per announcement, European customers can now buy, sell, send, and withdraw bitcoin using the app, and deposit funds from their bank accounts using free unlimited SEPA euro deposits,…
Beam Global (NASDAQ:BEEM) Q4 2023 Results Conference Call April 17, 2024 4:30 PM ET Company Participants Lisa Potok – CFODesmond Wheatley – President, CEO and Chairman Conference Call Participants Christopher Souther – B. RileySameer Joshi – HC WainwrightTate Sullivan – Maxim Group Operator Good day, everyone, and welcome to the Beam Global Full Year 2023…
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…
Stewart Sutton My Thesis Since August 2021, I have published 4 bullish articles on Global Ship Lease, Inc. (NYSE:GSL), pointing out that the market was underestimating the company’s growth prospects, which has led to a sharp valuation discount. Seeking Alpha, Oakoff’s coverage of GSL stock Today, however, I am concerned that the current undervaluation may…
Monty Rakusen By Ewa Manthey Metals prices will rise short-term, but there is a limit No Russian nickel, aluminium and copper produced from 13 April onwards will be eligible for delivery to the LME or the Chicago Mercantile Exchange (CME). The US is also banning Russian imports of all three metals. Russia accounts for about…
JHVEPhoto Magna International Inc. (NYSE:MGA) is a multinational mobility solutions and technology company for automakers that designs, develops, and manufactures automotive systems, assemblies, modules, and components. Founded in 1957, Magna is now a $15 billion (by market cap) major manufacturer that employs nearly 180,000 people. FY 2023 revenue can be broken down by product category:…
ismagilov/iStock via Getty Images The following segment was excerpted from this fund letter. Climb Global Solutions (NASDAQ:CLMB) Summary Investment Thesis Niche Cybersecurity and Data Center Software Distributor with Vertical Specific Expertise Focus on Cybersecurity and Data Center End Markets along with Faster Growing Vendors Supports Double Digit Organic Billings Growth; Programmatic M&A Will Supplement Organic…
Olemedia Shares of UL Solutions Inc. (NYSE:ULS) have seen a very successful initial public offering, as shares are trading up 20% on their first day of trading, in what generally was a downbeat day for the market. I understand why investors are upbeat on the business, as the testing company has seen solid and reliable…
eyecrave productions/E+ via Getty Images Prior to her second visit to China in nine months last week, Janet Yellen, United States Secretary of the Treasury, sent a message demanding the country not to flood the world with cheap exports of clean energy, as this would “distort global markets and harm workers abroad“. According to a…
Martin Barraud The Oakmark Global Select Fund (MUTF:OAKWX) (“the Fund”) returned 2.95% for the quarter, underperforming the MSCI World Index (net), which returned 8.88%. Since its inception in October 2006, the Fund has returned an average of 7.60% per year, outperforming the MSCI World Index’s return of 7.42% over the same period. Past performance is…
SMART Global Holdings, Inc. (NASDAQ:SGH) Q2 2024 Earnings Conference Call April 9, 2024 4:30 PM ET Company Participants Suzanne Schmidt – Investor RelationMark Adams – President and Chief Executive OfficerKen Rizvi – Senior Vice President and Chief Financial OfficerJack Pacheco – Chief Operating Officer and President of Memory Solutions Conference Call Participants Quinn Bolton –…
Ashish kamble/iStock via Getty Images Money Market Fund Assets (MMFA) surged $70.5 billion last week to a record $6.111 TN. MMFA have ballooned $1.553 TN, or 34.1%, since the Fed initiated its “tightening” cycle in March 2022. In just over four years since the onset of the pandemic, MMFA have inflated $2.477 TN, or 68.2%….
tadamichi By Seema Shah, Chief Global Strategist Global equity valuations are stretched, characterized by the U.S., Europe and Japan all sitting at or near record highs. However, amidst the elevated valuations, pockets of opportunity are emerging – especially within U.S. small-caps, buoyed by favorable economic conditions, and in Latin America, where compelling valuations align with…
SusanneB By Mark Barnes, PhD & Indhu Raghavan, CFA The relative performances of large-cap equities to small-caps in developed and emerging regions have tracked one another for the better part of the last decade. However, around early-2021 they began to diverge. Since then, developed large-caps have outperformed their small-cap counterparts, while in the emerging region,…
Maks_Lab Average prices charged for goods and services rose worldwide at a steeper rate for a second consecutive month in March, according to S&P Global PMI business surveys, hinting at historically elevated stickiness of consumer price inflation at the global level in the coming months. Upward price pressures were primarily linked to increased labour costs…
onurdongel GIC Searches For Stability I have been discussing Global Industrial Company (NYSE:GIC) in the past, and you can read the latest article here, published on January 9. The company continues strengthening its e-commerce sales channels and traditional marketing efforts. Its competitive pricing initiatives, including actions to lower freight costs and promotion, should gradually improve…
I recently spoke with Ray Youssef, CEO of NoOnes, a peer-to-peer (P2P) bitcoin trading platform with numerous other functionalities, about how NoOnes is empowering its users, what it’s doing in response to the Nigerian government’s crackdown on Binance P2P and why P2P marketplaces play a crucial role in fulfilling the promise of bitcoin as a…
Bryan Bedder/Getty Images Entertainment Investment Thesis I believe that American Express (NYSE:AXP) is a buy because in my opinion it has a proven track record of strong financial performance and a business model which establishes it as one of the industry leaders. The company has a sustained dividend history with strong payout ratios, which demonstrates…
KanawatTH Investment Thesis After robust performance through FY23 and into FY24, global markets led by the U.S. have delivered substantial gains for investors since the markets bottomed in late 2022. Interest rate hikes in most developed countries are on hold as the reserve banks of sovereign nations assess the growth outlook of their countries versus…
Hispanolistic I first wrote about my investment thesis for DiDi Global (OTCPK:DIDIY) earlier this month. On March 23, 2024, DiDi announced its Q4 and FY 2023 results. For Q4, DiDi maintained its growth momentum and continued to improve operating efficiency. During the quarter, DiDi completed the spin-off of certain smart auto business to XPeng (XPEV)…
narvikk Investment Thesis Global Ship Lease (NYSE:GSL) recently reported Q4 2023 earnings. Its revenue of $178.89 million beat expectations and was up 8.4% year over year. It declared a $0.375 dividend ($1.50 annualized, 7 percent yield) as expected. With a sharp focus on the intermediate-size container ship segment, GSL offers shareholders stable dividend payments using…
fotostorm Thesis Global Partners (GLP) is a U.S. Master Limited Partnership (‘MLP’) which functions as an owner, supplier and operator of gasoline stations and convenience stores. The MLP has seen its common shares rocket upwards in the past year, on the back of better than expected profitability and expansion plans: Data by YCharts As an…
Andreus When one thinks of a small cap company that delves into the space, data and AI sectors, profits are generally not something that comes to mind. An exception to that rule may be Spire Global, Inc. (NYSE:SPIR). The stock has been on an absolute tear, with a chart similar to NVIDIA Corporation (NVDA) and…
tumsasedgars On our last coverage of Global Net Lease, Inc. (NYSE:GNL), we spoke about the reasons we exited the common shares in a timely fashion. We also covered the preferred shares, which are listed below. Global Net Lease, 7.25% Series A Cumulative Redeemable Preferred Stock (NYSE:GNL.PR.A) Global Net Lease 6.875% Series B Cumulative Redeemable Perp…
luza studios Smart Global Holdings (NASDAQ:SGH), a designer and supplier of high-performance, high-availability enterprise solutions, needed several months to do it, but SGH has now recouped all the losses its stock suffered after the October 2023 collapse, which saw SGH lose almost half its market value. Furthermore, there is reason to believe the rally has…
Hiroshi Watanabe SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) celebrated its tenth year of existence last year. It is a passively managed ETF that seeks to track the S&P Global Dividend Aristocrats Index and provide investors with a high-yielding portfolio of global companies in an ETF wrapper. The primary criteria for inclusion in the Index is…
Carrier Global Corporation (NYSE:CARR) BofA Securities Global Industrials Conference March 21, 2024 4:40 AM ET Company Participants Patrick Goris – Senior VP & CFOSamuel Pearlstein – Vice President of Investor Relations Conference Call Participants Andrew Obin – BofA Andrew Obin Good morning. Welcome to the third day of our Global Industrial Conference. I’m Andrew Obin,…
Maksim Labkouski Global PMI rises for fourth straight month to hit eight-month high S&P Global’s PMI surveys indicated that the global economy gained further growth momentum in February. At an eight-month high of 52.1, against 51.8 in January, the headline PMI covering manufacturing and services over 40 economies has now risen for four consecutive months….
Pixelimage/iStock via Getty Images S&P Global Market Intelligence’s global growth forecast for 2024 has again been revised upward in March. Annual real GDP growth is now projected at 2.6%, up from 2.3% at the start of the year. The upward revision reflects somewhat higher forecasts for growth in several countries, including the US, the UK,…
AlTi Global, Inc. (NASDAQ:ALTI) Q4 2023 Earnings Conference Call March 15, 2024 5:00 PM ET Company Participants Lily Arteaga – Head, IR Michael Tiedemann – CEO & Director Stephen Yarad – CFO & Treasurer Conference Call Participants Wilma Burdis – Raymond James & Associates Operator Good afternoon. My name is Boah and I will be…
Heritage Global Inc. (NASDAQ:HGBL) Q4 2023 Earnings Conference Call March 14, 2024 5:00 PM ET Company Participants John Nesbett – Investor Relations Ross Dove – Chief Executive Officer Brian Cobb – Chief Financial Officer Conference Call Participants Mark Argento – Lake Street Capital Markets George Sutton – Craig-Hallum Michael Diana – Maxim Group Operator Ladies…
Best Buy Co., Inc. (NYSE:BBY) UBS Global Consumer and Retail Conference March 14, 2024 1:00 PM ET Company Participants Corie Barry – Chief Executive Officer Matt Bilunas – Chief Financial Officer Mollie O’Brien – Head of Investor Relations Conference Call Participants Michael Lasser – UBS Michael Lasser [Call Starts Abruptly] …and Retail Conference. I’m Michael…
Moderna, Inc. (NASDAQ:MRNA) Barclays 26th Annual Global Healthcare Conference Call March 12, 2024 2:35 PM ET Company Participants Lavina Talukdar – Senior Vice President and Head, Investor Relations Conference Call Participants Gena Wang – Barclays Gena Wang Welcome to Barclays Global Healthcare Conference. My name is Gena Wang. I cover SMID cap biotech. It is…
LSOphoto/iStock via Getty Images Introduction Global Medical REIT (NYSE:GMRE) is an internally managed REIT focusing on healthcare facilities which are leased out to physicians and other healthcare-related groups. GMRE Investor Relations The REIT owns 185 buildings in 34 states with a 5.8 year WALT. Unlike other healthcare REITs, Global Medical’s tenants appear to be well-managed,…
Paramount Global (NASDAQ:PARA) Morgan Stanley Technology, Media and Telecom Conference March 6, 2024 11:00 AM ET Company Participants Naveen Chopra – Executive VP & CFO Conference Call Participants Benjamin Swinburne – Morgan Stanley Benjamin Swinburne Good morning, everybody. I’m Ben Swinburne, Morgan Stanley’s media and entertainment analyst. A quick disclosure, please note that important disclosures,…
Believe_In_Me As I am writing, the first race of the 2024 F1 season, the Bahrain Grand Prix, is only days away (the race will be held on Saturday, March 2nd instead of the usual Sunday due to the start of the Islamic holy month of Ramadan on March 10th and the need to have no…
Global Medical REIT, Inc. (NYSE:GMRE) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET Company Participants Stephen Swett – ICR Jeffery Busch – Chairman, President & CEO Alfonzo Leon – CIO Robert Kiernan – CFO & Treasurer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Robert Stevenson – Janney Montgomery Scott Bryan…