imantsu Investment Thesis I recommend holding WEG (OTCPK:WEGZY) shares after the 1Q24 results, released on May 2nd. As I mentioned in my coverage initiation report, the company has a stretched valuation and needs great results to justify it. On the positive side, the good performance of long-cycle businesses, together with expense control, helped keep the…
gabetcarlson Investment Overview Elevance Health (NYSE:ELV) will announce its Q1 2024 earnings next Thursday, April 18th ahead of the market open. When I last covered the company for Seeking Alpha it was July 2020, and Elevance – then known as Anthem – stock was trading at $271 per share. I gave it a “Buy” rating….
Thomas Barwick Investment Thesis Since my last publication in December 2022, CrowdStrike (NASDAQ:CRWD) has delivered impressive FY24 results, driven by robust new customer acquisitions and increased module adoption. Furthermore, the company’s trajectory towards achieving GAAP profitability by FY25 underscores the strength of its profitable business model. With CRWD’s sustained sales momentum, I project a revenue…
borchee/E+ via Getty Images So far in 2024, the market has proven to be a “winner take all” game. Though the S&P 500 is sitting at all time highs, that growth has been driven by AI stocks – while many less prominent companies have conversely seen dramatic declines in share price. Fiverr (NYSE:FVRR) is in…
Justin Sullivan/Getty Images News As the market has embraced the risk-on trade in recent months and the odds of a recession in 2024 seem to have disappeared, consumer staples have become the second-worst performing sector after utilities. Seeking Alpha On top of the broader market pressure on low-risk areas of the equity market, Diageo plc…
Joe Hendrickson Churchill Downs Incorporated (NASDAQ:CHDN) is an entertainment and gaming company that owns the Kentucky Derby as well as a variety of online wagering businesses and operates a large number of casino resorts in several states. The company has been in business for more than 150 years and its growth has been accelerating in…
Yuichiro Chino/Moment via Getty Images OFS Credit Company, Inc. (NASDAQ:OCCI) is a CEF, which invests in CLO structures that are primarily associated with equity lever. The underlying pool of these CLOs is usually comprised of U.S. senior secured loans, which are then further segmented into several tranches starting from the most senior one (e.g., investment…
Daria Nipot Introduction and Investment Thesis Amazon (NASDAQ:AMZN) generated a staggering 80% return in 2023. While some may say ‘meh’ when comparing it to some of Amazon’s magnificent 7 peers, I certainly believe the rise this year from the 2022 year-end lows is tremendous. As a long term focused investor, I always like to assess…
Toa55/iStock via Getty Images It has been quite a while since I last covered RPM International Inc. (NYSE:RPM). In the fall of 2016, I offered my last take on the shares of the sound capital allocator after it announced another bolt-on acquisition. In the years which followed, the company has seen solid growth, driven by…
designer491 Horizon Technology Finance (NASDAQ:HRZN) is a relatively small-size BDC with a heavy focus on VC-profile company lending activities. According to HRZN’s investment policy, the following criteria are applied when considering new investments: Deal size up to $50 million Deal term based on a 3-5 year period with a meaningful interest-only period Priority interest over…
Orbon Alija Azul (NYSE:AZUL) is one of the two Brazilian pure-play domestic airlines, with Gol (GOL) and LATAM (OTCPK:LTMAY). I have covered Azul a few times already (January 2023, August 2022, December 2021). Generally, my take has been negative, given the difficulties of running an airline profitably and the company’s high leverage. In this article,…
Damir Khabirov Meta Platforms (NASDAQ: NASDAQ:META) has seen its share price skyrocket from its lows, as investors become less concerned about its AR/VR spending. Apple (NASDAQ: AAPL) entering the industry has likely been a strong source of support. The company does maintain a strong core business, but its ad business continues to see threats. Our…
Lubo Ivanko/iStock Editorial via Getty Images British bank NatWest (NYSE:NWG) has had a tough week, selling off on the back of Q3 results from peers Barclays (BCS) and Lloyds (LYG) before dropping sharply following its own release on Friday. Source: Google The bank’s Q3 results were a clear disappointment, with big misses on most key…
Richard Drury Investment Thesis United Therapeutics Corporation (NASDAQ:UTHR) has been in a long-term uptrend since 2019, making higher highs and higher lows. The stock broke out of a consolidation pattern and reached a new all-time high of $283.09, its current 52-week high. This indicates that the bulls are in control, and there is strong demand…
Various Tesla Models Charging At The Company’s Super-Chargers Justin Sullivan/Getty Images News Tesla, Inc. (NASDAQ:TSLA) may no longer be valued at a trillion dollars, but its share price still implies that it is worth close to the entire rest of the global car manufacturers combined. To justify this valuation, the company would need to not…
spawns/iStock via Getty Images WisdomTree U.S. Value Fund ETF (NYSEARCA:WTV), a shareholder yield-centered actively managed fund, has been mostly a disappointment since my previous coverage back in February 2023 as it has not lived up to bullish expectations and underperformed the S&P 500 index amid the growth rotation. Today, I would like to provide an…
Tomas Cuesta/Getty Images News Thesis Summary Palantir (NYSE:PLTR) has reported Q2 earnings in line with expectations, but the stock has dropped nearly 10% so far. While the company has achieved its third consecutive quarter of profitability, growth has been lacklustre. Wall Street analyst Dan Ives called Palantir the “Messi of AI“, but like the soccer…
anyaberkut Thesis Review I have had a ‘buy’ rating on Ares Capital (NASDAQ:ARCC) since early July. Since publication of my last article on the stock, this pick has slightly underperformed the S&P500 (SPY) (SPX) (VOO) by +2.03%. Now, after reviewing the Q2 FY23 results and commentary, I am downgrading my stance to a ‘Neutral/Hold’ for…
Andrey Danilovich/iStock via Getty Images Investment thesis Snowflake (NYSE:SNOW) is transforming how enterprises interact with their data for a while now. One of the most important steps in this process has been the launch of the Snowflake Data Cloud in 2020, which united cloud data warehousing, cloud data lake, data engineering, data science, data applications,…