ER Productions Limited/DigitalVision via Getty Images Back in November, I concluded that Alphatec Holdings (NASDAQ:ATEC) was still not having my back. A focus on growth, rather than margin improvements, made me cautious, resulting in continued losses. In fact, the stubbornness of focusing on growth, rather than shareholder value, was a major negative for me. The…
Vesnaandjic/E+ via Getty Images Argenx Performance and Prospects Amid Market Challenges Argenx’s (NASDAQ:ARGX) stock is down 22% since my last evaluation in October. Back then, I noted growing revenue opportunities for the company’s lead asset, Vyvgart. argenx, a biotechnology developer based in Amsterdam, is a leader in the anti-FcRn market, which is expected to grow…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak was facing renewed Conservative unrest on Saturday night after his party suffered crushing defeats in a series of mayoral contests including London and its flagship West Midlands. Some Tory MPs expressed dismay and…
Allkindza Realty Income Corporation (NYSE:O), otherwise known as the monthly dividend company, has slumped by nearly 10% since the turn of the year, leaving its investors in unfamiliar territory. Data by YCharts The real estate investment trust’s drawdown isn’t unwarranted because salient metrics suggest its poor market performance was long overdue. However, the question becomes:…
PATRICK T. FALLON/AFP via Getty Images Recap In June last year, we wrote an article suggesting that Charter’s (NASDAQ:CHTR) fixed-line broadband net adds will pick up thanks to slowing Fixed Wireless Access (“FWA”) growth, existing network upgrades, and accelerating rural build-out. Shares traded at $336, 60% down from their all-time high. The stock eventually climbed…
Xiaolu Chu Investment thesis: Having established itself as a dominant, profitable EV producer, Tesla (NASDAQ:TSLA) recently moved on to the next phase in its competition with emerging EV producers, namely an increasingly brutal fight for market share. With the backing of solid profit margins, it can afford to undercut competitors, especially in the Developed World,…
Kanur Ismail/iStock via Getty Images When a man tells you that he got rich through hard work, ask him: ‘Whose?”― Don Marquis. Today, we put Angi Inc. (NASDAQ:ANGI) in the spotlight. The company is the clear market leader in its niche but has struggled to find a way to profitability. It also has destroyed plenty…
D-Keine The John Hancock Preferred Income Fund III (NYSE:HPS) is a closed-end fund that specializes in providing its investors with a very high level of current income. The provision in income is something that has become a popular strategy among retirees and others who are dependent on the investments in their portfolio to cover their…
Kinwun Lumen Technologies, Inc. (NYSE:LUMN) reached a new debt deal with investors about a month ago which not only caused Lumen’s stock price to drop to new all-time lows but which will further burden the company’s balance sheet. Since asset sales and depressing levels of free cash flow have weighed down Lumen Technologies’ stock to…
Thinkhubstudio Global manufacturing business conditions worsened for a fifteenth successive month in November, according to the latest JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI™) compiled by S&P Global. The headline PMI – a composite index based on five survey variables – registered 49.3, up from 48.8 in October but remaining below the 50.0 no change…
da-kuk/E+ via Getty Images US manufacturing business conditions worsened in November, according to S&P Global’s PMI data. Output was largely stagnant as new order inflows deteriorated, meaning backlogs of orders become increasingly depleted. While there are some encouraging signs of the inventory cycle acting as a lesser drag on the goods-producing sector, the overall worsening…
Gregor Fischer I’ve been cautious about shipping company Hapag-Lloyd (OTCPK:HLAGF) for a while now (see prior coverage here), largely on account of a sector-wide downturn. If the latest quarterly miss and guidance downgrade (implying deeper Q4 EBIT losses) were anything to go by, these concerns still stand. In sum, the company, like many of its…
Kwon has requested input from Cosmos community members, as he asked them to put forward their ideas about a split. On Sunday, November 26, Cosmos founder Jae Kwon proposed a chain split to community members, following an earlier decision to reduce ATOM’s inflation. The Cosmos community had earlier agreed to take the inflation of ATOM…
peepo Since my previous article, Workiva (NYSE:WK) has declined nearly 5% while the S&P has increased by greater than 2%. I predicted Workiva would be flat and thus I rated it a “Hold.” I believe Workiva will continue to decline compared to the overall market and thus I am downgrading to “Sell.” Let’s dig into…
Woman Takes A Solemn Oath To Not Buy PIMCO Funds At A Premium Again Riska/E+ via Getty Images On our last coverage of PIMCO Dynamic Income Opportunities Fund (NYSE:PDO) we offered little hope for sustainable returns. We liked the fund for a bounce, but the longer term setup looked really bad. Hence our title “Trade…
Warchi A Quick Take On Procore Technologies Procore Technologies, Inc. (NYSE:PCOR) provides construction management software to companies worldwide. I previously wrote about PCOR in November 2022 with a Hold outlook. With lengthening sales cycles and smaller contract wins, I’m cautious on PCOR’s outlook in the short term. My opinion on Procore Technologies, Inc. is Neutral…
The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a…
Jogy Abraham/iStock Editorial via Getty Images Investment thesis With signs of demand slowing down in Japan, China, and Europe, we believe Daikin’s (OTCPK:DKILF) shares look expensive on consensus PER FY3/2024 26.5x. Our major concerns are market share losses in Japan and the U.S., and the potential fall in China demand with the weakening real estate…
August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits. On August 30, Ivan Bianco, a prominent blockchain gaming-focused YouTuber known for his channel “Fraternized Crypto,” faced a devastating loss of approximately $60,000 in cryptocurrencies during a live stream. This unfortunate incident occurred when he inadvertently revealed…
Vertigo3d Overview Position-squaring ahead of today’s US personal consumption data and perhaps tomorrow’s jobs report is giving the dollar a firmer profile against most G10 and emerging market currencies. The Scandis have been hit hardest and are off 0.75%-0.85%; the euro and sterling are about 0.35%-0.45% lower. The yen is the only G10 currency that…
Bitcoin price moved from $28.6k to around $30k on Tuesday but stabilized around $29.6k during the early Asian trading hours on Wednesday. The cryptocurrency market had mixed reactions following experts’ opinion of a possible black swan event in the DeFi lending industry triggered by the Curve finance and AAVE fiasco. Notably, the 300 million CRV…