tum3123 Emerging market (EM) corporate bonds are too often overlooked by investors who presume the asset class is too niche or too risky. But the aggregate fundamentals of EM corporates are stronger than those of their developed market counterparts. For example, EM corporate net leverage ratios are significantly lower than those of US corporates, while…
Thapana Onphalai/iStock via Getty Images The following segment was excerpted from this fund letter. Intapp, Inc. (NASDAQ:INTA) We also initiated a position in Intapp, Inc. Founded in 2000, Intapp provides cloud-based software for regulated professional services industries such as legal, accounting, consulting, private capital markets, and investment banking. Intapp’s software helps manage and automate many…
Jack Andersen/DigitalVision via Getty Images Molson Coors Beverage Company (NYSE:TAP) is a leading maker and distributor of beer and other beverages. This company was formed in 2005, when Molson of Canada merged with Coors in the USA. In addition to the namesake brands, this company owns and/or distributes many other well-known brands including: Arizona Hard,…
hapabapa Introduction & Investment Thesis Zillow (NASDAQ:Z) is an online real estate marketplace that has severely underperformed the S&P 500 and Nasdaq 100 YTD. The company reported its Q1 FY24 earnings on May 1st, where revenue and earnings grew 13% and 20% YoY, respectively, beating estimates. However, the stock declined 6% after earnings. While the…
Derick Hudson Meta Platforms (NASDAQ:META) stock recently tumbled due to its lighter-than-anticipated revenue forecasts. Yet, Q1 sales surged by 27% YoY, and Meta’s Family of Apps operating income increased by 57% to about $17.7B. The Reality Labs loss was also considerably narrower than expected, and Meta’s net income more than doubled to $12.37B last quarter….
Ryan Fletcher/iStock Editorial via Getty Images Textron Inc. (NYSE:TXT) is a conglomerate, leading in defense, aviation, industrial products and more. This company owns several well-known brands such as Bell, and Cessna, which can be seen below. Textron makes everything from planes to golf carts, to helicopters to snowmobiles. I have followed this company off and…
imaginima On Friday, April 26, 2024, oil and gas supermajor Exxon Mobil Corporation (NYSE:XOM) announced its first quarter 2024 earnings results. At first glance, these results were somewhat mixed. The company did manage to beat the expectations of its analysts in terms of revenue, but unfortunately, it missed their earnings expectations. For its part, the…
Kawisara Kaewprasert Franklin Street Properties (NYSE:FSP) is a REIT focused on office properties in the U.S. that is currently trading much lower than its book value. In the last couple of months, the company’s stock price experienced a slow decline, making it more attractive for investors. The last time we have covered the company, we…
blackdovfx/iStock via Getty Images Semiconductor stocks have had a big run over the last several months, and this sector was due for a pullback. As shown in the chart of the VanEck Vectors Semiconductor ETF (SMH) below, we just got a big pullback. This was even a plunge in some stocks, with some top names…
pedrosala/iStock Editorial via Getty Images Introduction With shares dropping from $300 to $260, McDonald’s (NYSE:MCD) is once again close to the price range that triggered my last buy rating on the stock. As the fast-food behemoth’s Q1 earnings approach, I have the urgency to go over the company and assess whether this may be a…
picturegarden/DigitalVision via Getty Images Topline Summary and Update INmune Bio (NASDAQ:INMB) is a company focused on developing drugs in two different disease areas: neurology and cancer medicine. I’ve previously covered this company in two articles, and I was a cautious optimist in my latest outing, with main reservations related to their cash burn rate and…
z1b It pays to be a contrarian when the chips are down for certain stocks and sectors. While some investors may try to overthink it, value investors may be better served to layer into quality companies when they are out of favor with the market. In the words of Buffett, the market is a voting…
Takako Hatayama-Phillips Earnings of Westamerica Bancorporation (NASDAQ: NASDAQ:WABC) will most likely decline this year because of a lackluster growth of the balance sheet and a decline in the net interest margin. Overall, I’m expecting the company to report earnings of $5.40 per share for 2024, down 10.8% year-over-year. My valuation analysis shows that the market…
PM Images Enbridge Inc. (NYSE:ENB) hasn’t had the best start to 2024 as its shares have declined by -6.62%. Shares of ENB have been in a perpetual decline as they have shed -9.36% of their value over the past five years, and -29.08% over the last decade. ENB reached $46.81 on May 30, 2022, and…
Galeanu Mihai/iStock via Getty Images By Samantha McLemore A Differentiated View on Diversification “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” – Misquote by Charles Darwin Patient Opportunity Equity strategy advanced 11.8% net of fees in the…
Michael H/DigitalVision via Getty Images What a rollercoaster of a ride in the crypto world. On Friday and Saturday, the total crypto market cap fell close to -18% on geopolitical tensions between Iran and Israel. Excluding Bitcoin (BTC-USD) and Ethereum (ETH-USD), the total crypto market cap fell as much as -25% in these two days…
xijian Founded in 1991, RADCOM (NASDAQ:RDCM) is a company that provides a network quality assurance platform for telecommunication operators and communication service providers (CSP). All-time share performance has been disappointing since going public in 1997 at a price of $45.5. The stock initially performed quite well, hitting all-time high of $78 during the dot-com boom…
onurdongel *All financial data in this article is expressed in Canadian dollars. Enerflex Ltd. (NYSE:EFXT) is a global energy infrastructure supplier who operates out of Canada and sells their products globally. Over the past couple of years, the company has been working on implementing cost synergy strategies related to its merger with Exterran Corporation. After…
John Rensten/DigitalVision via Getty Images I posit that event-driven surges are frequently being mispriced as sustaining in nature. Identifying event-driven growth or event-driven headwinds that are being interpreted as secular presents substantial opportunity as prices correct. This idea will have 3 parts: The mechanics behind the opportunity Historical examples where mispricing of this nature clearly…
PM Images Medallion Financial (NASDAQ:MFIN) is a niche bank that has successfully pivoted away from lending to taxicab drivers. Today, the bank manages deposits and lends them out for recreational and home improvement loans. Recently, I came across the bank’s 8% fix to floating preferred share (NASDAQ:MBNKP). After reviewing the financials, I believe the fixed…
Michael Vi/iStock Editorial via Getty Images PayPal Holdings, Inc. (NASDAQ:PYPL) investors have endured another roller coaster ride over the past two months, following PayPal’s relatively weak guidance at its fourth-quarter earnings call in early February 2024. As a reminder, I upgraded my thesis on PYPL to a Buy pre-earnings, as I assessed that buying accumulation…
jetcityimage Since the start of the year, the share price of Microsoft (NASDAQ:MSFT) has experienced a sustained increase, from about $370 to $425 – a near 15% run in just 4 months. In the same year, the company eclipsed Apple (NASDAQ:AAPL) as the most valuable company in the world by market capitalisation. Being one of…
Sundry Photography In my view, investors should fully embrace the volatility that is shaking the markets right now. Though the majority of investors are hooked into interest rate-driven headlines and continued speculation over the pace of rate cuts this year, volatility is also a great time for investors to scoop up big movers in single…
Alistair Berg/DigitalVision via Getty Images Investment Overview Redwood, California-based Revolution Medicines (NASDAQ:RVMD) IPO’d in February 2020, raising ~$238m via the issuance of ~14m shares priced at $17 per share. Across the past 4 years, although none of the specialist drug developer’s active programs have progressed beyond the Phase 1 clinical study stage, Revolution’s share price…
jir Introduction Mastercard (NYSE:MA) is the world’s second largest payments network behind its rival Visa (V). Mastercard has near universal merchant acceptance with over 100 million acceptance locations globally. The firm is the consummate compounding stock, with a ten-year total return CAGR of 21.5%. The firm’s core payment network growth has slowed to a high-single…
Jonathan Kitchen The first quarter earnings season is on the doorstep. The big banks kick things off on Friday with JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) posting profit results. Big tech doesn’t report until later in April. Something to watch for across all sectors is how often “AI” is mentioned on earnings calls….
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…
tadamichi By Seema Shah, Chief Global Strategist Global equity valuations are stretched, characterized by the U.S., Europe and Japan all sitting at or near record highs. However, amidst the elevated valuations, pockets of opportunity are emerging – especially within U.S. small-caps, buoyed by favorable economic conditions, and in Latin America, where compelling valuations align with…
Drs Producoes BrasilAgro (NYSE:LND) is a farmer and land developer from Brazil. I have covered the company since December 2021. My latest article, from January 2024, maintained the thesis that the company trades for an elevated price when comparing its market cap with its cycle-average profitability. Further, given the recent bullish commodity market and the…
kodda/iStock via Getty Images Enbridge is a solid infrastructure play I expect a significant upside over the next six months for Canadian-dollars-denominated Enbridge Series R (TSX:ENB.PR.T:CA) and US-dollars-denominated Series 5 (TSX:ENB.PF.V:CA) (OTCPK:EBGEF). One of the largest global infrastructure companies, Enbridge’s business consists of four major segments: Liquids Pipelines, Gas Transmission & Midstream, Gas Distribution and…
scyther5 CEFA: Welcome to CEF Insights, your source for closed-end fund information and education, brought to you by the Closed-End Fund Association. Today we are joined by Axel Merk, President and Chief Investment Officer for Merk Investments. Merk Investments is the investment advisor of ASA Gold and Precious Metals Ltd. (NYSE:ASA). We’re so glad you…
PM Images The previous 12 months haven’t been kind to British American Tobacco (NYSE:BTI) as shares have declined -14.91%, and it’s been an even worse decade as shares have fallen -46.46%. The tobacco industry continuously finds itself under pressure as it’s synonymous with health risks and government regulations. Despite individual opinions, the facts are that…
Morsa Images/DigitalVision via Getty Images Hanesbrands (NYSE:HBI) is an apparel manufacturer that owns Hanes, Champion, and other apparel and innerwear brands. The company was very successful for two decades, acquiring and developing companies. Yet, after the pandemic and changes in management, it started showing problems, particularly with apparel and the Champion brand. Today, the company…
felixmizioznikov Oxford Industries (NYSE:OXM) owns and manages the brands Tommy Bahama, Lilly Pulitzer, Johnny Was, and others. The company has managed a successful brand acquisition strategy since 2003. It has shown that it can grow acquired brands profitably in the US. On top of that, it has other quality characteristics like a long-standing management team,…
Justin Sullivan March 28th ended up being a really interesting day for shareholders of home improvement retailer The Home Depot (NYSE:HD). After the market closed, the management team at the business announced a massive acquisition. According to the press release issued regarding the deal, the company has agreed to acquire SRS Distribution, a privately owned…
mouu007 Warren Buffett once said: Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. Right now, numerous high yield dividend stocks (SPYD) presents investors with such an opportunity. In this article, we will discuss why and share some of our top picks of the moment. Why High Yield Dividend Stocks…
JasonDoiy/iStock via Getty Images By Arthur Jones, Senior Director, Global Research and Strategy The U.S. multifamily housing sector faces challenges from both overdevelopment and capital market pressures, with ongoing issues anticipated through 2025. However, solid macroeconomic fundamentals and sustained demand, particularly from younger generations favoring rentals, offer potential opportunities in the medium term for well-capitalized…
Justin Sullivan In my opinion, one of the best and most interesting companies on the market today is payment processing giant PayPal (NASDAQ:PYPL). Due to some growth-related issues, the company has had a rather difficult time from a share return perspective in recent years. Over the past 12 months, the stock is down 12.3%. And…
ER Productions Limited/DigitalVision via Getty Images Airship AI Holdings (NASDAQ:AISP) is part of the latest wave of SPAC IPOs to hit a major bourse in the U.S. Listed on the Nasdaq as of December 2023, this vertically integrated AI video surveillance hardware and software company looks like one of the more attractive plays in the…
Eoneren Introduction and investment thesis Last time I’ve covered Snowflake (NYSE:SNOW) following its FY24 Q3 earnings release, where I rated the company’s shares as a Strong Buy. Important new product launches, some of which are already contributing to revenues combined with stabilizing consumption trends and a decreased valuation premium have been my main arguments in…
The companies on this page reflect all of the portfolio companies, long and short, as of March 19, 2024, in respect of which (‘A’) Pershing Square or any Pershing Square Fund, as applicable, has designated a representative to the board, filed Schedule 13D, Form 4 or a similar non-US filing or has made a Hart-Scott…
jetcityimage Tesla (NASDAQ:TSLA) has had a very difficult year so far. Since the middle of 2023, the company has seen its share price fall almost 45% from the peak in July of 2023. Data by YCharts Today, in this article, I will share where I think Tesla is today, whether the current valuation justifies where…
Capuski/E+ via Getty Images I discovered this stock around the time of Charlie Munger’s passing and it reminded me of one of his investment philosophies. He is said to have famously remarked, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” But as I…
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. As we get closer and closer to the impending Bitcoin halving, the combined pressures of wildly…
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…
Don Juan Moore/Getty Images Entertainment I have not looked in on the softline retail name Vera Bradley (NASDAQ:VRA) since last February (2023), and as it remains a popular brand in my social circle, I like keeping an eye on how the business is doing. Last year, from an investor standpoint, I considered Vera Bradley a…
nazarovsergey/iStock via Getty Images Topline Summary and Update In my last update on ADC Therapeutics (NYSE:ADCT), I reaffirmed an opinion that the company was significantly undervalued, as they had an approved product with growing sales, and yet they traded below their cash on hand. Falling into penny stock territory, ADCT has since experienced a resurgence,…
Edwin Tan Humana (NYSE:HUM) is one of those rare stocks that received quite a beating from investors this year as most stocks seem to be having a party and making new highs every week. When the company announced its earnings in January, investors didn’t like its newly updated guidance for 2024 as the company said…
Jeff Swensen/Getty Images News Introduction It’s time to talk about the United States Steel Corporation (NYSE:X), one of the cyclical steel stocks I have had on my radar for many years. My most recent article on the stock was written on November 2, when I went with the title “U.S: Steel Is A Buy In…
Mariana Silvestre/iStock via Getty Images Caleres, Inc. (NYSE:CAL) is an integrated footwear retailer and brand manager. The company owns the Famous Footwear chain, focused on families, and ten different footwear brands, mostly focused on women and in the accessible fashion market. The company has some characteristics that make it more interesting than other footwear retailers,…