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…
WendellandCarolyn/iStock via Getty Images At the start of this year, I believed that shares of Carrier Global (NYSE:CARR) were carrying a great deal of momentum into 2024. Since the company was spun-off from United Technologies (which itself now belongs to RTX (RTX)), the company has quickly built up a solid value creating track record, as…
Morgan Stanley, one of the world’s largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers. JUST IN: Morgan Stanley may allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients: Reports Gradually, then suddenly 🙌…
itchySan Earl in 2023, I believed that Trex Company, Inc. (NYSE:TREX) had seen a tougher 2022 than it previously thought. Despite these concerns, driven by tough comparables, higher interest rates, and a resulting softening housing market, I was upbeat on the long term secular growth story, with its composite products gaining market share compared to…
Poulssen Introduction I think everyone really needs to consider adding some consumer staples to their portfolio. Consumer staples in general don’t have the nature to outperform but offer a safety cushion in uncertain times. In the dividend growth community consumer staples are also popular because of their stability and consistency. Companies in this sector are…
morfous One of the companies that I have been the most bullish on over the past several months, but do not own shares of, is telecommunications firm Crown Castle (NYSE:CCI). For those not familiar with the company, it owns and operates telecommunications towers and other related assets such as fiber and small cell operations. Since…
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…
Maximusnd For most of the last 15 months, we have held strongly negative views on DNP Select Income Fund (NYSE:DNP). This has generally worked out and the CEF has struggled to make headway in this timeframe. Seeking Alpha Since the “Strong sell” rating in October 2022, the CEF has underperformed the S&P 500 (SPY) by…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move its corporate registration to Texas, after a court judgment in Delaware voided his $56bn pay package. The billionaire posted his…
Matheus Obst/iStock Editorial via Getty Images Introduction As explained in a previous article, Cargojet (OTCPK:CGJTF) (TSX:CJT:CA) is Canada’s largest freight airliner. With several widebody cargo planes and long-term agreements with UPS, DHL, Amazon and Canada Post which include minimum revenue guarantees and cost pass-through provisions, the business model is robust as long as its long-term…
Eva-Katalin Amid tremendous optimism for the stock markets in 2024, investors have to be careful to maintain strong discipline in stock-picking: particularly, weeding out stocks that have limited catalysts to outperform in the new year. Upwork (NASDAQ:UPWK), in particular, is a company that bears careful monitoring. This freelance/gig-based marketplace platform, a rival to Fiverr (FVRR),…
coldsnowstorm This morning’s Consumer Price Index for November was mostly in line with expectations (although the headline reading was slightly higher than expected), and the lack of any meaningful surprises has allowed the market to continue with what has lately been the path of least resistance, which has been higher. The report also showed that…
As Bitcoin price has rallied past $42,000, the surge in BTC perpetual futures open interest suggests further price rally going ahead. On Monday, December 4, the world’s largest cryptocurrency Bitcoin (BTC) delivered a bullish rally shooting past $42,000. The recent bullishness around Bitcoin revolves around the expectations of a Bitcoin ETF approval in early January…
Kameleon007 The 200-day simple moving average (SMA) has long been used as a demarcation line to determine a bullish or bearish bias in the underlying security. This article will look at a study of monthly closing prices compared to its 200-day SMA to determine if you should be long or out of the SPDR S&P…
Rasi Bhadramani Late September, I believed that there were a lot of questions in the case of Masimo (NASDAQ:MASI) following its “diworsificaion” deal for Sound United last year, a move which caused a lot of concerns among investors, wondering if the company moved away from its core expertise. Concerns rose further this year as the…
Ingenious Buddy Both the calendar and the pipeline saw some movement this past week. Two large IPOs launched, one of which also priced, and two sizable deals submitted new filings. Cross-listing from Paris, biotech Abivax (ABVX) led the week’s deals, pricing at the low end to raise $236 million at a $760 million market cap….
Darren415 In this article we discuss our recent allocation to the Credit Suisse Asset Management Income Fund (NYSE:CIK). We last covered the fund in June, in the context of the relative value strategy which we discuss in the article. The fund continues to be a very strong performer in the sector and has recently moved…
hapabapa Investment Thesis I wanted to take a look at Palantir’s (NYSE:PLTR) financials and its potential to be a long-term investment and whether it is a good time to invest right now after it popped 170% YTD. In short, the boat for a conservative investor has passed as right now, the risk/reward is not enticing…
jittawit.21 Our wretched species is so made that those who walk on the well-trodden path always throw stones at those who are showing a new road.”― Voltaire. Today, we put Innoviva, Inc. (NASDAQ:INVA) in the spotlight. As can be seen in the chart below, it has been somewhat of a rollercoaster ride for the shareholder…
Vertigo3d Now, the argument for Artificial Intelligence (“AI”) is moving into government circles. Simon Kuper writes in the Financial Times: “Democracies tend either to act too late, or quickly but stupidly.” “That’s suboptimal, especially as life speeds up.” “AI advances almost weekly…” “So how can we make democracies faster and smarter?” The question? “How can…
G0d4ather Last month, Broadcom (NASDAQ:AVGO) unveiled its Q3 earnings (ending July) which surpassed sell-side expectations. The stock surged nearly 10% in the two days leading up to the announcement, mirroring investor anticipation reminiscent of Nvidia’s standout performance. However, lacking the expected blowout, the stock dipped 4%, eventually settling back to its pre-run-up levels. I initially…
Joe Raedle Investment Thesis Papa John’s International’s (NASDAQ:PZZA) revenue growth should benefit from potential improvement in franchise restaurants’ comparable sales in the back half driven by pricing optimization, and new unit openings. Furthermore, on the international side, the company recently established a company-owned restaurant portfolio in the U.K. by acquiring ~118 restaurants in June and…
Bim Situation Overview After months of a comprehensive portfolio review, Tidewater Midstream (TSX:TWM:CA) has decided to sell its Pipestone-related assets to AltaGas for $650 million. The proceeds will be used to strengthen its balance sheet. It sounds like while future divestitures are still on the table, this concludes TWM’s portfolio review and the next catalyst…
The amount to be charged has not been revealed. Currently, the X platform has 550 million monthly users who generate 100 to 200 million posts every day. On Monday, tech billionaire Elon Musk had a conversation with Israeli Prime Minister Benjamin Netanyahu. The discussion was mostly about the theoretical risks of artificial intelligence technology and AI regulation….
Justin Sullivan Intro We wrote about Vuzix Corporation (NASDAQ:VUZI) back in April of this year when we stated that the market demanded higher top-line growth rates from the firm to price shares higher over time. We stamped a ‘Hold’ rating on the stock at the time which was the right call as shares are more…
ferrantraite A Quick Take On VTEX VTEX (NYSE:VTEX) reported its Q2 2023 financial results on August 8, 2023, beating revenue but missing consensus earnings estimates. The firm provides a digital ecommerce system for companies who want to do business in Latin America. With revenue growth that remains robust, sharply reduced operating losses, continuing momentum with…
Love Employee/iStock via Getty Images Topline Summary ADC Therapeutics (NYSE:ADCT) is a small-cap commercialized biotech with an approved antibody-drug conjugate in lymphoma. While they’ve had many setbacks, their cash on hand and recent encouraging clinical data outside of their main flagship product provides some direction for the future and time to accomplish it. They are…
MF3d We’ve seen massive volatility in AI-related companies lately, and of course, due to all the “AI hype,” we’ve seen some unpredictable price action in many high-quality stocks. In fact, we’ve seen 20-30% plus corrections in some of our favorite AI-related tech names. However, the mainstream AI segment is a relatively new phenomenon. Thus, it…
primeimages Just updated the spreadsheet for Apple (AAPL) this week, with the latest EPS and revenue estimates. Like much of the large-cap tech universe, Apple has seen a correction in the stock since August 1, ’23, which was likely badly needed and wanted. Here’s what the trend in revenue revisions looks like for the iPhone…
I going to make a greatest artwork as I can, by my head, my hand and by my mind. This may be just what the crypto payments space needs. PayPal Holdings, Inc. (PYPL) is getting into the stablecoin business. It is the first major financial institution to go so far into this market. PayPal USD….
jewhyte/iStock Editorial via Getty Images On our last coverage of RioCan Real Estate Investment Trust (OTCPK:RIOCF) (TSX:REI.UN:CA), we held it at a “hold” and suggested investors look elsewhere for lower risk returns. Specifically we said, So for us RioCan is a no-go at this stage of the cycle. Sure, it can go up, but the…