Olemedia Market Commentary In a volatile first quarter of 2024, markets moved choppily higher, delivering positive returns across most regions and countries. US stocks rose +10% (as measured by the Russell 3000 Index), led by large-cap stocks, which were likewise up just over +10%, followed by mid caps (+9%) and small caps (+5%), as measured…
piranka/E+ via Getty Images Investment Thesis Intellicheck, Inc. (NASDAQ:IDN) faced a series of challenges, including sales execution issues and a notable concentration of customers within the retail sector, which proved vulnerable during periods of economic downturn. This led to a dip in revenue growth, and since then, the company has struggled to re-accelerate growth to…
jewhyte I published my ‘Strong Buy’ thesis for Microsoft (NASDAQ:MSFT) in my initiation report, published in July 2023. Since then, the stock price has surged by about 17%. I highlighted Microsoft’s capability to integrate AI-powered features into all their software and platforms. They released their Q3 FY24 earnings on April 25th with 17% of constant…
PM Images Originally published on April 20, 2024 In this “Market Cap vs Earnings Weight” post from March 28th, ’24, the dynamic between the two “weights” was discussed for readers. The key metric to take away for readers is that the top 10-12 market cap names comprise roughly 24-25% of the S&P 500’s total earnings…
da-kuk Thesis China has been a hard hit jurisdiction this year when it comes down to stock performance. The Chinese Communist Party (‘CCP’) has taken a number of actions this year to stem the rout in Chinese equities and stimulate the local economy. Among these measures one can find cutting required bank reserves, issuing long-dated…
FabrikaCr/iStock via Getty Images At what point should a company simply wind up operations and liquidate? There comes a time when certain companies seemingly no longer have a realistic path to generating shareholder value. In such cases, the best course of affairs may simply be to close the operating business and return the remaining cash…
PM Images Shares of FS KKR Capital Corp (NYSE:FSK) were declining into their Q4 2023 earnings report and dramatically sold off after they Q4 numbers were published. Shares of FSK had declined by -$1.14 (-5.49%) from January 4th through February 26th, then immediately after their Q4 earnings hit the street, shares declined another -$1.15 (-5.86%)…
Paul Bradbury Today I’d like to discuss a niche software company that went public back in 2021. This company has a strong founder-led CEO and has been growing revenue and clientele in recent years. The company’s stock price is up over 12% YTD and is up nearly 40% year-over-year. However, this is still an unprofitable…
Pogonici By Peter Bourbeau & Margaret Vitrano Staying Disciplined in a Broadening Market Market Overview The positive momentum of 2023 extended into the first quarter as a likely economic soft landing and being past the peak of monetary tightening sent stocks broadly higher. The S&P 500 Index (SP500, SPX) advanced 10.56% for its best start…
XH4D/E+ via Getty Images Summary We’ve had a lot of requests to add another article to our series on MEEC to reflect the recent trial win. This article serves as a follow-up to our previous piece, which outlined the settlement reached with approximately half of the defendants involved in MEEC’s refined coal lawsuit. Both of…
gchapel My thesis The purpose of this article is to discuss recent trends in the Lithium market and the latest developments on Lithium Americas’ (NYSE:LAC) Nevada project. I will implement a company valuation on the phase I project given a medium-term market price of Lithium of $25k/t, consistent with the level needed for marginal producers…
Khanchit Khirisutchalual Investment action Based on my current outlook and analysis of Freshworks (NASDAQ:FRSH), I recommend a buy rating. FRSH meets two key considerations that I have before investing in a company: a large market and strong execution. The markets that FRSH is in have a strong secular tailwind, largely driven by growing digitalization, and…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin miners have not been operating under normal circumstances for the past several months. Bitcoin’s blockchain…
vitpho/iStock via Getty Images Investors owning bankrupt Yellow Corporation (OTC:YELLQ) which is liquidating in Ch.11, had some great news and also some potentially terrible news over the last few months. The stock is up 150% since my November article. Asset sales were much stronger than expected, but various pension claims, if allowed, may prevent shareholders…
Ingenious Buddy Several large issuers debuted in the US this past week, and four IPOs joined the pipeline. Sports equipment and apparel maker Amer Sports (AS) priced below the range to raise $1.3 billion at a $6.4 billion market cap. The Finland-based company’s portfolio includes major brands like Arc’teryx, Salomon, Wilson, and Louisville Slugger, and…
tadamichi By Catherine Yoshimoto, Director, Product Management After a sharp downturn in 2022, large cap equities bounced back to deliver strong performance in 2023. The Russell 1000 Index posted a 26.5% return for the year, largely buoyed by the Magnificent Seven. However, several other constituents were contributors to strong 2023 index performance—and these companies wouldn’t…
Dilok Klaisataporn The Large Cap Equity Fund’s Institutional Class returned +10.91% for the fourth quarter compared to +11.96% for the Russell 1000. For the calendar year, the Fund’s Institutional Class returned +29.81% compared to +26.53% for the Russell 1000. It was a strong finish to a very good year. The economy has been resilient, and…
AT&T Stock Jumps On Strong Earnings Report Brandon Bell AT&T (NYSE:T) just released its fiscal fourth quarter (Q4) earnings. The release showed 2.2% revenue growth and 4.9% growth in free cash flow. Diluted EPS of $0.54 was down 11.4%, however, much of it was a $0.18 actuarial loss on employee benefit plans. Such losses will…
YinYang An Alternate Option It’s no secret a large majority of the market includes large cap, tech, and growth stocks. I personally believe these companies are overvalued and am in search of better deals. One of my favorite plays for 2024 is factor-based investing in small cap value stocks and ETFs. A great play for…
Nikada The Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) is a CEF which seeks to provide investors with a high current level of income by investing in preferred securities and other high yield securities. I view the preferred securities market sector as one that investors should have exposure to given current high levels of yield,…
photoschmidt We previously discussed Bristol-Myers Squibb Company (NYSE:BMY) in September 2023, discussing its Loss Of Exclusivity issue with its leading product, Revlimid, leading to a significant decline in annualized sales to $5.5B in 2023, compared to $12.82B in 2021. Combined with the inability of its other pipelines to offset the losses in the near term,…
MikeMareen Asseco Poland (OTCPK:ASOZF)(OTCPK:ASOZY) is one of our favourite major Polish stocks. They continue to generate strong organic growth, and they continue to be undervalued, but have responded with a buyback programme. With the fact that certainty might have returned to the tech buyers’ market, we think that they will go from strength to strength,…
Janina Steinmetz Investment overview My recommendation for Olo Inc. (NYSE:OLO) is a buy rating, as I believe it can continue to grow at the current low-20% rate given the strong secular tailwind, value proposition, and Olo Pay growth potential. The current valuation is also attractive, as it is near the lowest OLO has ever traded…
martin-dm I have wavered between Buy and Sell ratings on Meta Platforms (NASDAQ:META) over the years. I will admit to being overly bearish on the name since last spring around $200 per share. My last effort here suggested selling into good news earnings beats from the company and strength in the stock. So, the quote…
joeygil Back in April, I wrote that Frontline (NYSE:FRO) had been riding some powerful market trends, but I thought the stock was close to fairly valued in normal market conditions. I followed that up in September, saying that its current valuation looked full. Let’s catch up on the name after it reported results at the…
PhonlamaiPhoto Microvast Holdings, Inc. (NASDAQ:MVST) operates as a battery technology company specializing in commercial electric vehicles (EVs) and energy storage systems. The company distinguishes itself through a vertically integrated manufacturing model and a commitment to robust research and development. Microvast has successfully engineered battery solutions with notable features, including rapid charging capabilities, extended battery lifespan,…
The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140. Cathie Wood’s asset management firm Ark Invest has been liquidating its Coinbase Global Inc (NASDAQ: COIN) stock holdings in big numbers recently. On December 5, ARK executed…
Jack Ma Michael Loccisano Alibaba Group Holding Limited (NYSE:BABA) just released its fiscal third quarter earnings. The release was approximately in line with estimates on revenue and ahead of estimates on earnings per share (“EPS”). The release showed 27% growth in free cash flow, and included updates on Alibaba’s operational priorities and ongoing spinoff of…
lechatnoir It’s the same old song. Mega-cap tech stocks continue to power the S&P 500 and broad US stock market higher in 2023. The latest narrative catching on across Wall Street trading desks is the notion that active managers are simply underweight the Mag Seven stocks, and are then forced to buy this year’s big…
Lock Stock I found that Block, Inc. (NYSE:SQ) has a good technical set-up for the stock which is supported by a positive earnings report, higher guidance, an attractive valuation, and strong expected long-term growth. The positive Q3 2023 results are a likely catalyst for the stock to run higher at least until the next earnings…
CHUNYIP WONG Figures are in CAD unless otherwise stated. Enerflex (TSX:EFX:CA) (NYSE:EFXT) is in a current state of flux in which bookings and backlog appear to be rising on strong energy economics only to be pulled back by a large debt burden as a result of the Exterran acquisition that has left the firm with…
da-kuk The case for China entering a ‘balance sheet recession’ (a la Japan) is stronger than ever, following a slew of poor economic data in recent months and a faltering property market. Perhaps the best rebuttal against a prolonged downturn is China’s money supply growth, which continues to run in the double digits (+10.3% YoY…
utah778 By Peter Bourbeau and Margaret Vitrano Moving to the Middle as Growth Slows Market Overview Equities took a breather in the third quarter, pressured by rising bond yields, a hawkish turn by the Federal Reserve, and signs of late cycle spending fatigue. The S&P 500 Index fell 3.27% while the Nasdaq Composite declined 4.10%…
Kameleon007 Overview The market continues to monitor developments in Israel and the Middle East. The economic calendar is light today, and the market is showing a strong appetite for risk. Except for China and South Korea, large bourses in the Asia-Pacific rallied. Japan’s indices jumped more than 2% and Australia by 1% to lead the…
Under the Act, companies building and deploying AI models would need to perform risk assessments and label AI-generated content. European Union (EU) negotiators are reportedly discussing placing additional restrictions on large artificial intelligence (AI) models as part of the upcoming AI Act. According to a Bloomberg report, representatives from the European Commission, European Parliament, and…
tolgart/iStock via Getty Images IVLU strategy and portfolio iShares Edge MSCI Intl Value Factor ETF (IVLU) started investing operations on 6/16/2015 and tracks the MSCI World ex USA Enhanced Value Index. It has $1.7B under management, a portfolio of 347 stocks, a 12-month distribution yield of 3.63% and an expense ratio of 0.30%. Distributions are…
naphtalina/iStock via Getty Images Investment Summary Casino and gaming majors offer compounding factors with interesting economics, provided the business returns stack up on capital employed into operations. Bally’s Corporation (NYSE:BALY) does not meet these requirements in my view. The company has piled investment to grow operations with minimal earnings to show for this. Sure, revenues,…
Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company said that this AI model…
Bosca78 Japanese electric motor manufacturer Nidec (OTCPK:NJDCY)(OTCPK:NNDNF) has continued to test investor patience, even if many of the recent drivers of sentiment are outside of the company’s control. While Nidec local shares have risen about 5% since my last update, currency moves have worked against U.S. shareholders, driving a small loss, though the performance has…
SlavkoSereda/iStock via Getty Images It’s amazing how quickly things can change in the financial markets. Just a month ago, I cautioned that shares of Colombian glass and window manufacturer Tecnoglass (NYSE:TGLS) appeared to be fully valued ahead of a potential slowdown in the construction industry. Shares have since gotten walloped, with the stock dropping a…
Yana Tatevosian Investment thesis Our current investment thesis is: Jamieson has developed deep expertise in the industry, through product development and innovation. This has allowed the business to develop a highly regarded and trusted brand for high-quality products. Growth has been strong, with Management now focused on international expansion, through entry into China and investment…