J Studios/DigitalVision via Getty Images Thesis We started covering the Franklin Senior Loan ETF (BATS:FLBL) almost a year ago with a ‘Buy’ rating. The name has outperformed since our coverage: Buy Rating (Seeking Alpha) The total return for the fund is almost 7%, with most of the move coming from the dividend yield. The high…
olaser/E+ via Getty Images Investment Thesis Skyworks Solutions, Inc. (NASDAQ:SWKS), a wireless semi-provider of “RF and complete semi-system solutions for mobile communication applications,” announced earnings for its second quarter of FY2024 earlier this week. I wasn’t too optimistic ahead of earnings, and am still not after guidance. I initiate Skyworks with a Hold; I think…
Laurence Dutton A spin-off from Verint Systems, Cognyte (NASDAQ:CGNT) is a company providing investigative analytics software for governments and global enterprises. All-time share performance since going public in 2021 at a price of $30 has been underwhelming so far. Since the end of 2021, share price has continued to decline, reaching an all-time low of…
Luis Alvarez Investment summary My recommendation for O’Reilly Automotive (NASDAQ:ORLY) is a hold rating. While I like the competitive advantages and how the business is well positioned to benefit from the current rate environment, my model suggests a limited upside to the ORLY share price. As such, I am initiating a hold rating until the…
Andrii Dodonov When I last covered the PIMCO Dynamic Income Fund (NYSE:PDI), I rated the 14% yielding ETF a buy, on the grounds that it paid lots of income and stood to benefit from coming rate cuts. The high yield is still on offer, but the prospect of capital gains brought on by rate cuts…
winhorse/E+ via Getty Images I am giving Canterbury Park Holding Corporation (NASDAQ:CPHC) a HOLD rating because I think that the stock is currently overvalued from a liquidation as well as from a discounted cash flow standpoint. Currently CPHC is not allowed to have slot machines in their casino as they have been exclusively licensed to…
Hammarby Studios/E+ via Getty Images Alexander’s (NYSE:ALX) has maintained its dividend through the chaos of the last few years, recently declaring a quarterly cash dividend of $4.50 per share for an 8.8% dividend yield. This yield sits significantly above ALX’s 5-year average yield of 4.83% with the New York City-focused REIT currently trading hands for…
JHVEPhoto Dear readers/followers, It hasn’t been all that long since my last article on Equinor (OTCPK:STOHF) in March – but the company is worth your attention at this time nonetheless. It has an attractive yield, and at the right valuation, and right investment perspective and entry, an excellent upside. Since I last posted my piece…
Bartolome Ozonas Investment Thesis B&G Foods, Inc. (NYSE:BGS) has been on a downward trajectory, losing about 64.30% over the last three years and underperforming the S&P 500 by a margin of 85.67%. Seeking Alpha I largely attribute the company’s dismal performance to its poor financial health characterized by net losses and a high debt burden….
Just_Super Investment Thesis Zuora (NYSE:ZUO) is a cloud-based software company that aims to help traditional businesses transition into a subscription-based business. The recent FY24 results were decent, although growth was certainly not that impressive as there were multiple issues such as unexpected churns and continued issues of longer sales cycles. While the firm is trading…
Mlenny Back in January, I shared my bullish view on The Invesco Golden Dragon China ETF (NASDAQ:NASDAQ:PGJ). So far, the bet on China pays off, slightly outperforming S&P500. However, the market rally in Chinese equities has stalled for more than a month. It’s time to discuss again what happened and whether we should expect the…
StanRohrer/E+ via Getty Images Gladstone Commercial (NASDAQ:GOOD) is a diversified equity REIT that owned a portfolio of 135 properties spread across 17.1 million square feet and 27 states, mainly in the Southeastern U.S. as of the end of the fourth quarter of 2023. GOOD focuses on secondary growth markets with higher cap rates, with industrial…
PhonlamaiPhoto The semiconductor industry has boomed since the beginning of 2023, riding the tailwinds of OpenAI’s introduction of ChatGPT to the market, which sparked the generative AI revolution. Applied Materials (NASDAQ:AMAT) has ridden that wave higher; the stock was up 68% in 2023 and, as the following chart shows, was up 25.50% in 2024 as…
Tony Anderson The Scotts Miracle-Gro Company (NYSE:SMG) (“Scotts”) is at a turning point, navigating through a turbulent period. While Scotts is trending in the right direction, its stock price seems to have gone much further ahead than the actual business recovery. Since February 7, 2024, when the 2024 Q1 financial results were released, Scotts’ stock…
LeoPatrizi Elevator Pitch I rate KT Corporation (NYSE:KT) [030200:KS] as a Hold. In my previous article written on January 14, 2024, I shared my thoughts on the expected performance of the company’s telecommunications and non-telecommunications businesses for the future. This latest update details recent developments, which point to a Hold rating for KT. The major…
murat4art Azul (NYSE:AZUL) is one of the three main Brazilian airlines. I have been writing about Azul since December 2021, when the stock traded at $14, always with a Hold rating, recommending not to buy. In my last article from November 2023, I argued that despite Azul trading at an unjustified discount to Gol (a…
a40757/iStock Editorial via Getty Images Dear readers/followers, I have been rating Handelsbanken (OTCPK:SVNLF) (OTCPK:SVNLY) a “BUY” for some time as I am writing this article. The last I wrote about the company was actually back in September of 2023 in this article which you can find here. At the time, results showed expected improvements due…
IR_Stone Elevator Pitch I rate VNET Group, Inc. (NASDAQ:VNET) shares as a Hold. My prior article written on November 16, 2023 reviewed VNET’s results for the third quarter of the previous year. This update evaluates the company’s Q4 2023 financial performance, its refinancing risk, and fiscal 2024 guidance. VNET’s EBITDA grew at a slower pace…
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…
Juliano703/iStock via Getty Images Investment Thesis Fastenal Company (NASDAQ:FAST) stock has soared more than 152% over the last five beating the S&P 500 by a margin of about 66%. Seeking Alpha Following this solid upward trajectory, this stock is currently trading at a premium something which rules it out as a good value investment. However,…
Scharfsinn86 Note: I have covered Westport Fuel Systems Inc. (NASDAQ:WPRT) previously, so investors should view this as an update to my earlier articles on the company. After the close of Monday’s regular session, Westport Fuel Systems Inc. or “Westport” reported mixed fourth quarter and full year 2023 results. While revenues of $87.2 million came in…
Evgenii Emelianov/iStock via Getty Images Investment Thesis Ambarella, Inc. (NASDAQ:AMBA) reported its fourth quarter of FY2024 results and outlook for FY25 in late February, confirming what I believe will be a lackluster first half of FY2025. Ambarella is a relatively small-cap semiconductor company that develops low-power semiconductor solutions offering HD and Ultra HD compression, image…
SHansche Investment thesis LNG sales totaled 12.5 mln tons in 4Q 2023 (we forecast 11.3 mln tons, meaning a difference of 10.6%). LNG selling prices across all segments averaged $384/t, down 6% from our forecast of $409/t. In 2023, the volume of LNG sold exceeded production capacity by 6%, reflecting the high efficiency of Cheniere…
Brett_Hondow Summary My previous rating was a buy (Dec 2023) as Bath & Body Works (NYSE:BBWI) continued to show very strong execution, as evident in the 3Q23 performance, which I expected to continue into CY24. I am revising my rating from buy to hold as I am worried about BBWI’s ability to meet FY24 guidance….
Liudmila Chernetska/iStock via Getty Images Investment Thesis PPG Industries, Inc. (NYSE:PPG) shares have gained about 11% over the last year. Although this stock has an attractive dividend policy and its growth metrics are very appealing, my midterm outlook of this stock is skeptical following its strategic review of North American architectural coatings. From a technical…
gorodenkoff/iStock via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Endava Plc (NYSE:DAVA) would see its valuation rerate upwards to the historical average as the business continues to grow. My underlying belief was that IT spending should recover as the macro environment…
Natali_Mis/iStock via Getty Images Chips Have 2-Sides At first glance, the metrics appear grim for investors in Magnachip Semiconductor Corp (NYSE:MX). This 40-year-old, South Korea-based designer and manufacturer of analog and mixed-signal semiconductors for communications, IoT, consumer, industrial, and automotive applications deserves the Sell Quant Rating from Seeking Alpha. However, there is another side to…
Pablo Cuadra/Getty Images Entertainment Nike’s stock (NYSE:NKE) has taken a beating lately. After years of unstoppable growth, Mr. Market seems to have had a change of heart. But could this pullback create a rare buying opportunity in a legendary company? Let’s break down the numbers to see if Nike is a bargain in disguise. Maybe…
JHVEPhoto US providers for kidney dialysis and renal solutions enjoyed marked gains in the recent past despite investor dissatisfaction with Novo Nordisk’s (NVO) Ozempic. DaVita Inc. (NYSE:DVA) has gained 77.57% (YoY) while NVO is up 87.97% (YoY). It was anticipated that the kidney disease progression using Ozempic would be reduced by more than the 24%…
Whether you’re young, mid-career, or playing the back nine, Roth IRAs can be an important tool for your financial goals. Four case studies below will illustrate how by combining Roth IRAs with bitcoin, you can save for retirement, optimize for your personal tax situation during retirement, and leave your bitcoin for the next generation. These…
Marcus Lindstrom On March 28th, 2023, I issued a detailed article elaborating on the various aspects of Vonovia SE (OTCPK:VONOY) (OTCPK:VNNVF) that, in my opinion, warranted a clear sell. Since then, the performance has been like this: YCharts Just recently Vonovia published its Q4 earnings report and annual aggregate figures for the whole 2023. In…
Anne Czichos/iStock Editorial via Getty Images Introduction Merck KGaA (OTCPK:MKGAF) is the “original” of the two Merck companies. Established as a pharmacy in 1668 in Darmstadt, the company has since grown to be one of Europe’s dominant companies in the healthcare and life sciences industry with exposure to the semiconductor space. The company had a…
gorodenkoff/iStock via Getty Images Investment Thesis DigitalBridge Group, Inc. (NYSE:DBRG) is an infrastructure investment firm that focuses on digital infrastructure assets. Over the last year, its stock has soared more than 62% outpacing the S&P 500 by a margin of about 28.31%. Seeking Alpha Even with this solid performance, I am bullish on this stock…
Dimensions/E+ via Getty Images Zumiez (NASDAQ:ZUMZ) is an apparel retailer focused on skater-style clothing and skate-hard goods. The company’s operations are mostly US-based, but it has sibling store concepts and brands in Europe (Germany, Austria) and Australia. I believe the company has quality aspects: a long-tenured, competent management team, customer focus, brand value, an engaging…
Justin Sullivan/Getty Images News Investment Thesis Constellation Brands (NYSE:STZ) reported full-year results on the 5th January. The price rose in the proceeding days after the results and then sold off where it is currently trading on the 200-day moving average. I am initiating a Hold on the company due to the strong performing Beer segment…
JulPo Introduction Ferguson plc (NYSE:FERG) is a value-added distributor that does everything from HVAC, plumbing, and appliances to help customers replace and maintain equipment. In this article, I’ll discuss the company’s Q2 2024 results, my outlook for the company, and analyze the current valuation and risks to see if the current share price offers investors…
undefined undefined Investment action I recommended a buy rating for Mister Car Wash’s (NYSE:MCW) when I wrote about it the last time, as the upside potential remains attractive if MCW is able to execute its upsell growth strategy. Based on my DCF model, I thought the stock was worth $8.80, which the stock had touched…
VV Shots Thesis Despite recent inflationary pressures and weakening sentiment, the global apparel industry remains at the forefront of discretionary spending for consumers. The Gap, Inc. (NYSE:GPS) is a well-known retailer in the apparel industry, familiar to consumers in the United States and across the world. While Gap has established a reputable brand, with a…
bluecinema/E+ via Getty Images We provide our follow-up note on Rentokil Initial (NYSE:RTO) (OTCPK:RKLIF), a British services group focused on pest control and hygiene, with a Hold rating. We appreciated the underlying fundamentals while seeing no attractive valuation upside. Since our note, the stock has lost more than 28% of its value as a result…
Nikolay Amoseev I upgraded e.l.f. Beauty (NYSE:ELF) to “Buy” back in December, saying that estimates were too low for the company. I originally placed a “Buy” rating on the stock in February 2023, before taking it “Hold” after a strong run-up in the stock price. With the stock up over 50% since my last upgrade,…
WilshireImages Introduction Around the end of summer, I wrote my first article on Seeking Alpha, which was about American Express (NYSE:AXP) (I recommend you take a look here). At that time, Amex’s stock was trading around $160, and I outlined a number of reasons why I believed the business would perform well over the long…
Ion-Creations Note: I have covered Transocean Ltd. (NYSE:NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company. Last week, leading offshore driller Transocean Ltd. or “Transocean” released a disappointing new fleet status report which reflected the recent slowdown in contracting activity. Operators are increasingly looking to secure rig…
Editor’s note: Seeking Alpha is proud to welcome Matteo Sada, CFA as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Bloomberg/Bloomberg via Getty Images Investment Thesis PROS Holdings…
Blacqbook Arbor Realty Trust’s (NYSE:ABR) Q4 2023 earnings call just came out. With it came an update on its financial results and the health of its multifamily loan portfolio, most of which is coming to maturity soon. I covered it twice in December, the first time giving my long-term view of the business and the…
May Lim Introduction I consider myself a conservative person by nature, so, therefore, I like to hold conservative companies in my portfolio. One that comes to mind is Ares Capital (NASDAQ:ARCC), one of the more conservative BDCs in the sector. Many investors prefer peers like Capital Southwest (CSWC) or Main Street Capital (MAIN) over ARCC,…
SOPA Images/LightRocket via Getty Images Last year was a tough one for Ørsted A/S (OTCPK:DNNGY), which saw massive impairments of roughly $4 billion on its Ocean Wind United States projects. This was the result of a decision to cancel them, due to several factors including high inflation, rising interest rates, and supply chain issues that…
Pgiam/iStock via Getty Images SelectQuote, Inc. (NYSE:NYSE:SLQT) has just reported its fiscal Q2 numbers as Seeking Alpha has reported here. Although pre-market price actions can change direction quickly, the stock is up nearly 10% as of this writing. Did the company report fundamentally good numbers, or is this just a relief rally for a beaten…
Yuichiro Chino/Moment via Getty Images Overview The dollar is trading with a slightly heavier bias as some of its recent gains are pared. Sterling has moved back into the $1.26-$1.28 trading range that dominated since the middle of last December until the start of this week. The euro is also trading a little firmer despite…
Fanliso/iStock Editorial via Getty Images Luckin Coffee’s (OTCPK:LKNCY) stock has been trading down in recent months. On Thursday, it even dropped 10%. I covered Luckin Coffee at the end of 2022 and was careful about the stock. After my article was published, the stock gained. However, right now it is trading near 52-week lows. The…
PUGUN SJ Introduction and investment thesis Okta (NASDAQ:OKTA) is a cloud-based identity and access management solution that outperformed the S&P 500 in 2023. While the company is expanding its profitability at a rapid pace, the company’s revenue slowdown is a matter of concern. Part of the reason behind the slowdown is tied to the security…