Morsa Images DEA to reclassify marijuana as Schedule III drug April 30th ended up being a really remarkable day for investors in the cannabis space. Shares of several companies in this market skyrocketed after news broke that the US DEA (Drug Enforcement Administration) is about to reclassify marijuana as a Schedule III drug as opposed…
Oat_Phawat Eldorado Gold Corp (NYSE:EGO) has quietly rallied to its highest level since 2017, gaining momentum in recent months alongside the record price of gold. Indeed, the company reported its latest quarterly results highlighted by solid growth with management guiding for an even stronger second half of the year. The market is also looking ahead…
JamesBrey Originally published on April 25, 2024 By Katie Klingensmith & Bill Zox, CFA After strong performance since the fourth quarter of last year, U.S. high yield spreads remain tight. However, Portfolio Manager Bill Zox tells Senior Vice President – Investment Specialist Katie Klingensmith that spreads are not the only consideration. He discusses several important…
ismagilov Shares of Loar Holdings (NYSE:LOAR) have been a huge success as the company went public. After shares doubled from the preliminary offering range, already demanding valuations have become outrageously high as investors seem to hope that Loar is becoming a second TransDigm in the making. I am very cautious to get involved here, on…
Marko Hannula/iStock Editorial via Getty Images Dear readers/followers, In this article, I mean to provide you with an update on Skanska (OTCPK:SKSBF) (OTCPK:SKBSY). My last update on the ticker in question was back in early December of last year, and I shifted my rating to “HOLD” at that time, from a “BUY”. In this article,…
Colin Anderson Productions pty ltd/DigitalVision via Getty Images By William J. Luther Inflation is once again on the decline, new data from the Bureau of Economic Analysis (BEA) show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent…
peeterv Earnings of Hanmi Financial Corporation (NASDAQ: NASDAQ:HAFC) will likely decline this year on the back of margin contraction. Pressure on asset yields was already visible during the first quarter. I’m expecting the company to report earnings of $2.18 per share for 2024, down 16.8% year-over-year. Compared to my last report on the company, I’ve…
D3Damon/E+ via Getty Images Inovio Pharmaceuticals, Inc. (NASDAQ:INO) is a biotechnology company that stands out in advancing DNA-based immunotherapies and primarily focuses on conditions related to Human papillomavirus (HPV), various cancers, and infectious diseases. INO leverages cutting-edge technologies like SynCon DNA plasmids and CELLECTRA electroporation delivery. INO’s technologies permit the development of a broad range…
Disclosures Indices are unmanaged. An investor cannot invest directly in an index. They are shown for illustrative purposes only, and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance. A basis point is one hundredth of a percent. Bond Spread…
Gary Yeowell Zions Bancorporation (NASDAQ:ZION) has just released its 1Q24 earnings report, and we think the results speak well for the improving trends of the bank we wrote about last quarter. Pre-provision net revenue beat market expectations slightly due to higher net interest margin and lower expenses. Steady loan growth was recorded, but deposits fell…
pepifoto Investment Thesis The O’Shares U.S. Quality Dividend ETF (BATS:OUSA) is one of the highest-quality ETFs on the market. This monthly payer yields 1.77% and has matched the returns of more popular funds like the Vanguard Dividend Appreciation ETF (VIG) and the iShares Core Dividend Growth ETF (DGRO) in recent years. While this feature makes…
Jacob Wackerhausen/iStock via Getty Images Covered call strategies have been all the rage in the ETF world as traders and investors look to juice up income with options overlay. One of the more interesting funds doing this is the REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI). FEPI is an innovative investment product that…
J Studios/DigitalVision via Getty Images Overview The healthcare sector (XLV) has lagged behind the S&P500 (SPY) for the past year and I believe this opens the door to an opportunity to capitalize on this difference. The factors contributing to the sector’s underperformance can be a wide range of things including the end of Covid, patent…
crbellette The recent expectations for a quick pivot of the Fed’s interest rate policy somewhat cooled down, which reminded me of the attractiveness of floaters. Since my previous coverage on Invesco Variable Rate Investment Grade ETF (NASDAQ:NASDAQ:VRIG), the fund has gained 8.8% on a total return basis, surpassing my expectations by 3.5%. Despite the Fed’s…
champpixs Robert Shiller’s cyclically adjusted price-to-earnings ratio (CAPE) is approaching historically high levels. In fact, CAPE’s current value has been exceeded only twice since 1900. But should you care? Investment professionals know that despite CAPE’s historical tendency to anticipate equity market returns, it isn’t a reliable market-timing tool. The evidence discussed here offers a possible…
adventtr Positive news around EHang Holdings Limited (NASDAQ:EH) has continuously emerged in the past 6 months, including its first product’s listing on Taobao, the largest e-commerce platform in China, at a price of RMB 2.4 million (around $330,000), completion of a demo passenger flight in Japan, getting the approval and support from the government in…
justhavealook Wall Street loves MU now Wall Street now loves Micron (NASDAQ:MU) stock. The chart below summarizes the sentiment on MU between Seeking Alpha writers and Wall Street analysts. As seen, Seeking Alpha writers are already pretty bullish on the stock, giving it an overall rating of 3.5. Wall Street is even more bullish. Of…
JHVEPhoto One of the best things about investing is the passive income it can throw off. It takes work to initially make the money to invest, but once it’s invested in shares of companies or funds that pay dividends, a stream of unearned income will start to flow. Invest enough money for a long enough…
Thomas Barwick Investment overview I give a buy rating for Zscaler (NASDAQ:ZS), as I think the business is going to see growth accelerate in the near term, sustaining growth above >30%. ZS has proven that its products are a better alternative to peers’ offerings as it continues to win market share. The additional growth drivers,…
Monty Rakusen/DigitalVision via Getty Images Investment Thesis Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) is a cyclical company. At the same time, it is facing declining shipments. Its better performance in 2023 was due to the unusually high product prices that resulted from unusually high raw material prices. Raw material prices are coming down and…
tumsasedgars With the March CPI report showing inflation actually accelerating rather than decelerating as some had hoped, many high-yield stocks (SPYD)(SCHD) have sold off, extending their material underperformance relative to the S&P 500 (SPY) so far this year. Moving forward, it appears increasingly likely that the Fed will have to be somewhat guarded with the…
designer491 The Glories of the Algo According to many sources (“Wall Street gone wild”) high frequency, algorithmic trading accounts for as much as 70% of the volume in stocks traded on the U.S. exchange. This is a primitive application of artificial intelligence. Essentially, a human being is programming a computer to be on the lookout…
Grigorenko/iStock via Getty Images TechnipFMC Plc (NYSE:FTI) has gained momentum with shares up more than 25% just over the past month and currently trading near a five-year high. Beyond a resurgence in the energy sector with the price of oil rallying to start the year, the story is a backdrop of strong operating and financial…
High Arctic Energy Services Inc. (OTCPK:HGHAF) Q4 2023 Results Conference Call April 8, 2024 5:00 PM ET Company Participants Michael Maguire – CEOLonn Bate – Interim CFO Conference Call Participants Josef Schachter – Schachter Energy Research Services Inc. Operator Good afternoon, ladies and gentlemen. Welcome to the High Arctic Energy Services 2023 Q4 Results Conference…
Yuji Sakai Kaiser Aluminum Corporation (NASDAQ:KALU) recently reported better than expected quarterly earnings, and the outlook for 2024 includes net sales growth and EBITDA growth. With a diversified product offering, KALU also promised net debt/EBITDA reduction, lean manufacturing, and other operational efficiency efforts, which may bring net income growth and dividend growth in the coming…
FatCamera Investment Thesis The investment potential of High Tide (NASDAQ:HITI) lies in its possibility to be a long-term compounder, driven by the strategic allocation of free cash flow toward the expansion of new stores. Thereby realizing more free cash flow to have the funds to open stores at an even higher pace. In the subsequent…
courtneyk Due to its reliance on mortgage banking income, Meridian Corporation’s (NASDAQ:MRBK) earnings are closely related to the interest-rate cycle. Now that we’re on the verge of a down-rate cycle, chances are very high that the company’s earnings will improve. I’m expecting the company to report earnings of $1.32 per share for 2024, up 14%…
Sundry Photography With the S&P 500 continuing to show no slowdown in momentum, there’s a growing argument to be cautious with our portfolios. I have more than 30% of my holdings socked away in short-term bonds and cash, waiting for a better time to deploy the capital back into equities: and within the stocks that…
Stocktrek/DigitalVision via Getty Images Overview General Dynamics (NYSE:GD) is a defense and aerospace company with global operations. Their I previously covered this dividend aristocrat back in September of 2023 and since then the total return has outperformed the S&P500 (SPY) by double. However, I still believe there to be ample price growth despite the new…
Phynart Studio Investment Thesis I recommend selling the shares of Companhia Siderúrgica Nacional (NYSE:SID). The Brazilian steel industry is suffering from the large supply of Chinese steel in the domestic market. Additionally, there is no Government action to protect the national industry, this is due to the importance of China as Brazil’s trading partner. Domestic…
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…
photobyphm Verizon Communications Inc. (NYSE:VZ) is a free cash flow-strong Telco that supplies passive income investor with a well-covered 6% yield that can make a big difference for retirees that rely on growing dividend income from their passive income investments. Though some investors see Verizon Communications’ considerable balance sheet debt as a burden, I think…
JHVEPhoto Overview The last time I covered Prudential Financial (NYSE:PRU) was in August of 2023 and since then the total return has surpassed the S&P 500 (SPY). The price has moved upwards of 26% and the high dividend yield has pushed the total return near 30% since then. I thought it would be a good…
Lakes4life/E+ via Getty Images Overview I recently covered Oxford Lane Capital (OXLC) and within that article I briefly gave an overview to compare Eagle Point Credit (NYSE:ECC) since both of the funds operate as Closed End Funds with a focus on CLOs. From the comments on my OXLC article, it seemed like the general consensus…
Lemon_tm Quality Stocks The SPDR S&P 500 Trust ETF (SPY) posted a 3.27% return in March, finishing Quarter 1 with a double digit gain. Vanguard’s Dividend Appreciation Index Fund ETF Shares (VIG) locked in a lower gain of 2.37% last month. My watchlist underperformed both, posting a very weak return of 0.50%. Frankly it’s been…
bjdlzx Energy stocks have recently entered a revival phase that lifted the Energy Select Sector SPDR® Fund ETF (XLE) toward its recent highs. The sector has benefited from the resurgence in crude oil futures (CL1:COM), shaking off the bearish sentiments that saw CL1 bottom in December 2023. Coupled with the persistence of the OPEC+ production…
cemagraphics The S&P500 (SPY) ended Q1 and the month of March at 5254. It has gained 28% in less than six months and now has a PE ratio of 24.6. How can anyone buy this high?! Actually, it’s not that difficult; the key is to blank out how overvalued you think it may be, or…
pcess609/iStock via Getty Images Market Recap 2024 is off to a pretty good start, the SPDR S&P 500 ETF Trust (SPY) posted its 3rd consecutive positive month this year. The gain in March of 3.27% was lower than February’s 5.22% return. But it was enough to push the ETF to a double digit year-to-date return….
bfk92 Note: I previously covered Dorian LPG (NYSE:LPG). In my previous take on LPG, I discussed its merits (fleet, financials, and valuation) and the LPG market, particularly the VLGC segment. I gave LPG a hold rating. Today, I comment on the last company report, the Dorian’s valuation, and the LPG market. LPG market highlights LPG…
Hispanolistic Introduction I previously covered Ahold Delhaize (OTCQX:ADRNY) back in late 2021 where I argued that sustaining the robust operating margin would be key to bridging the valuation gap with US peers, with covered call selling an excellent way to position in the shares. Over the past year, European grocery retailers such as Ahold Delhaize…
Maksim Safaniuk For those who are bullish about oil, 2024 is looking to be a very solid year. Already, Brent crude prices are up 12.1% year to date, while WTI crude prices are up an impressive 15.6%. The most recent move higher was driven by news that, in addition to OPEC+ extending its voluntary production…
Anne Czichos AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking up the pieces from these sellers at T’s long-term lows….
pingingz Datadog (NASDAQ:DDOG) is one of the biggest beneficiaries of digital transformation and companies moving to the cloud. Additionally, the proliferation of the Internet of Things (“IoT”) and edge computing is driving a massive increase in machine-generated data, a secular trend that could potentially drive significant future revenue growth for the company’s observability platform. The…
jetcityimage/iStock Editorial via Getty Images Petco Health and Wellness Company (NASDAQ:WOOF) operates over 1500 pet care centers in the United States, Mexico, and Puerto Rico, as well as pet veterinary hospitals, under the Petco brand. The company also has the Petco mobile app, providing information on pet care and a convenient way to order products…
Bank OZK (Editor Note: This article was originally submitted when OZK was trading below $43/share, but was subject to a delay in publication) Investment Thesis Bank OZK (NASDAQ:OZK) is a regional bank that has offices across seven U.S. states which specialize in construction related lending. Year to date the stock is down 14.85%, prompting me…
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation…
JHVEPhoto There are many semiconductor companies to choose from, and many offer compelling valuations and future operational and financial advantages. However, at this time, STMicroelectronics N.V. (NYSE:STM) looks like one of the most compelling. While TSMC (TSM) has become what I consider overvalued at this time, STM remains positioned for an attractive entry. Overview &…
tupungato As one of Korea’s big banks, Woori Financial Group Inc. (NYSE:WF) looks poised to benefit from some very powerful tailwinds ahead. The key to Korea’s trade-dependent economy has always been export growth and on this front, recent data points to a very positive rate of change; this, in turn, bodes well for near-term credit…
chengwaidefeng Vista Energy, S.A.B de C.V. (NYSE:VIST) looks promising in 2024 as the company has an attractive low valuation with strong double-digit revenue and earnings growth according to consensus estimates. The stable expected price of crude oil in 2024 and 2025 should help the company maintain its high profitability metrics. Company Background Vista Energy is…
MF3d Investment Thesis The VanEck Semiconductor ETF (NASDAQ:SMH) has performed remarkably over the last five years. The fund’s low expense ratio and fees combined with close replication of what has been a massively lucrative industry has generated superb returns for shareholders. However, an increasingly bearish macro combined with what I believe is a potential overvaluation…