Alvin Man In September 2023, I covered Air Canada with a buy rating, but the stock has not performed as expected, trading flat whereas the S&P 500 returned 18%. I believe it shows how challenging airline investments are and also reflects the challenges that airlines are currently facing on costs that are continuing to rise…
Dean Mitchell Above: Something for everyone works – proof of a business model As Netflix, Inc. (NASDAQ:NFLX) approaches its Q1’24 earnings release this week, the market sentiment whether it reports a meet, beat, or miss comes down to this: If subscriber growth is up, margins are strong, and average revenue per user ticks up, it’s…
dragana991 Elevator Pitch I have a Hold rating assigned to The a2 Milk Company Limited (OTCPK:ACOPF) [A2M:AU] shares. My prior December 20, 2023 update was focused on a2 Milk’s stock price performance and the prospects for the Chinese Infant Milk Formula or IMF industry. I draw attention to the read-throughs from the latest management commentary…
onurdongel Despite delivering massive growth as an industry, the solar sector has not been particularly kind to investors. For example, Invesco’s (IVZ) Solar ETF (TAN) has massively underperformed the S&P 500 index (SPY) and the very popular Invesco technology trust ETF (QQQ). Still, investors that have solely focused on companies specializing in solar inverters have…
Olivier Le Moal USXF strategy iShares® ESG Advanced MSCI USA ETF (NASDAQ:USXF) started investing operations on 6/16/2020 and tracks the MSCI USA Choice ESG Screened Index. It implements an environmental, social, and corporate governance (“ESG”) investing approach. USXF has 367 holdings, a 12-month distribution yield of 1.1% and a total expense ratio of 0.10%. Distributions…
sculpies/iStock via Getty Images I have the most success in the stock market finding beaten down companies with significantly improved situations that haven’t been recognized yet by investors. I call them turnarounds. Beazer Homes USA, Inc. (NYSE:BZH) is a prime example. Unlike a lot of the turnarounds I invest in, the turnaround here is mostly…
valentinrussanov/E+ via Getty Images Fiserv (NYSE:FI), not Pfizer or Fiverr, is one of the largest fintech in the world with $94 billion in market cap, $19 billion in annual revenues, and $3 billion in net income. The stock has a multidecade history of outperforming the S&P 500, and over the last 6 months, has accumulated…
Nomadsoul1 Focus of Article: The focus of this two-part article is a very detailed analysis comparing Ares Capital Corp. (NASDAQ:ARCC) to some of the company’s business development company (“BDC”) peers (all sector peers I currently fully cover). I am writing this two-part article due to the continued requests that such an analysis be specifically performed…
hapabapa German sportswear giant PUMA SE (OTCPK:PMMAF)’s stock has dropped by 7.83% since releasing its FY2023 earnings results one month ago. Over the last year, there has been a lot of price volatility, and the stock has lost 28.80% in value. Despite headwinds, FY2023 was relatively successful, increasing its top line by 6.6% YoY, significantly…
MicroStockHub/iStock via Getty Images This article series aims at evaluating ETFs (exchange-traded funds) regarding the relative past performance of their strategies and metrics of their current portfolios. Reviews with updated data are posted when necessary. FTHI strategy First Trust BuyWrite Income ETF (NASDAQ:FTHI) is an actively managed fund launched on 1/6/2014. It currently holds 179…
stefanschurr/iStock via Getty Images This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. QDF strategy FlexShares Quality Dividend Index Fund ETF (NYSEARCA:QDF) started investing operations on 12/14/2012 and tracks the Northern Trust Quality Dividend Index. It has 134 holdings, a distribution…
MARK RALSTON/AFP via Getty Images Introduction Suncor Energy (NYSE:SU) is one of the largest integrated oil sand producers in Canada. Over the past five years, the shares have fallen over 3%, significantly lagging the S&P 500 as well as the Energy ETF (XLE). However, with demand for energy continuing to grow, Suncor looks in increasingly…
PhotoTalk Investment Thesis In my previous analyses of companies operating gas stations, I found the business model attractive, primarily due to the non-fuel revenue generated by convenience stores. However, Parkland (TSX:PKI:CA) (OTCPK:PKIUF) stands out as having a weaker aspect in this regard, with over 95% of its revenue tied to fuel sales. Additionally, it carries…
Andy Feng Elevator Pitch Ping An Insurance (Group) Company of China, Ltd. (OTCPK:PNGAY) [2318:HK] is still rated as a Hold. In my November 11, 2023 initiation article, I drew attention to Ping An Insurance’s risk factors for the near term and the company’s growth potential in the long run. In this latest write-up, I come…
Dragon Claws The leveraged loan ETF space is dominated by three funds: the Invesco Senior Loan ETF (BKLN) which has assets of ~$6.4 billion, the SPDR Blackstone Senior Loan ETF (SRLN) which has ~$5.2 billion in assets, and the First Trust Senior Loan Fund (FTSL) which as ~$2.2 billion in assets. The next three largest…
champc Janus Henderson Group (NYSE:JHG) is a cheap stock by most conventional metrics including valuation relative to peers. JHG trades at a forward EV/EBITDA multiple of just ~6.5x. Comparably, industry leader BlackRock (BLK) trades a forward EV/EBITDA multiple of 14.9x. Large asset management peers Invesco (IVZ), Franklin Resources (BEN), T. Rowe Price (TROW), and Federated…
JHVEPhoto Ahead of Comerica Incorporated’s (NYSE:CMA) newest earnings report on January 19th, I believe investors should sell the firm’s shares. My last article about Comerica, published on October 4th, argued that the bank had been unfairly beaten down following the March 2023 banking crisis. Moreover, the usage of intrinsic and extrinsic valuation methodologies confirmed the…
CreativaStudio We have been looking at multi-family high-quality residential REITs, as we believe it is one of the sectors that currently offers better value in the real estate sector, especially when one considers its more defensive nature. There are many options to consider, but we decided to focus on six of the biggest and best…
AlexSecret/iStock via Getty Images I last covered the Vanguard U.S. Value Factor ETF (BATS:VFVA), an actively-managed value ETF focusing on small-cap U.S. equities, in late 2022. In that article, I argued that VFVA’s cheap valuation and reasonably strong performance track-record made the fund a buy, and better than most other value ETFs. Since then, the…
JHVEPhoto Introduction – Challenges remain, but fundamental improvements are appearing I upgrade my rating on Expedia Group, Inc. (NASDAQ:EXPE) from Hold to a Strong Buy despite a 25% share price gain since my last article on the company as I firmly believe the investor proposition has become meaningfully more attractive as management’s turnaround efforts seem…
Frazer Harrison Shares of Paramount Global (NASDAQ:PARA) have had a rough 12 months, losing around a quarter of their value despite a very welcome rally post-Q3 results. Source: Seeking Alpha Of course, Paramount isn’t alone in its struggles. All the legacy media giants are in a state of flux these days, as not only do…
DavidPhotography/iStock via Getty Images I have written a few articles on managed futures (“MF”) funds like the KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM), the iM DBi Managed Futures Strategy ETF (DBMF), and the WisdomTree Managed Futures Strategy Fund ETF (WTMF). Of the three, I personally prefer the KMLM, as it does not…
Jacek_Sopotnicki Warner Bros. Discovery (NASDAQ:WBD) is the curious case of the company that has no earnings but a positive cash flow. Investors are used to the contrary: companies that showcase stellar earnings but fail to generate any meaningful cash flow to reinvest, pay dividends or buy back stock. Earnings higher than Cash Flow is the…
FatCamera Investment action I recommended a buy rating for Molina Healthcare, Inc. (NYSE:MOH) when I wrote about it the last time, driven by my belief that the market was undervaluing its evident potential for growth. After a thorough review of MOH’s third quarter results, my conviction has only strengthened. The company has showcased robust growth,…
Lawrence Glass I have been negative all year on Curaleaf (OTCPK:CURLF). Most recently, ahead of the potential rescheduling, I predicted that it could break $2 to the downside when the stock was at $2.90 in late August. I actually called out $2.20 as my year-end target. The stock has rallied on the potential good news,…
Joe Raedle Introduction Telecom services haven’t been the best place to be. While the SPDR Communication Services ETF (XLC) has returned 41% since its inception in 2018, this was mainly due to the fact that more than a third of its assets are invested in Meta Platforms (META) and Alphabet (GOOGL). Verizon (VZ) and AT&T…
Pascal Le Segretain Summary Thomson Reuters Corporation (NYSE:TRI) provides business information services via information-enabled software and tools for legal, tax, accounting, and compliance professionals. Readers may find my previous coverage via this link. My previous rating was a hold as I believed the valuation was too high relative to peers with similar growth profiles. I…
ferrantraite Thesis Banco Macro (NYSE:BMA) is one of the primary traditional banks in Argentina. It has the largest branch network in the country. The deposit composition is dominated by time deposits and saving accounts. Corporate bond issuance represents 5.1 % of company liabilities. On the other hand, the bank`s loan portfolio is focused on retail…
Katrina Wittkamp Investment action Based on my current outlook and analysis of Burlington Stores (NYSE:BURL) 2Q23 earnings, I recommend a hold rating. I expect the stock price to be rangebound in the near term, as I do not see any positive catalysts that will drive the valuation multiple upwards. BURL needs to show the market…
Lisa Lake Introduction This will be the third and last article of my three-part series on three big health insurance providers in the U.S. I will link the first two articles here because I will refer to both of them several times throughout this article: Humana: Recent Selloff Might Present A Buying Opportunity UnitedHealth Group:…
imaginima Introduction Kinder Morgan (NYSE:KMI) is a well-separated midstream company with operations in several fields. Among all, natural gas is the most important element that brings opportunity for the company from the management’s point of view. That is because natural gas has a crucial role in the energy market in the following decades. In this…
designer491/iStock via Getty Images Despite the recent rally, WesBanco (NASDAQ:WSBC) remains an undervalued bank based on its equity. Suffice it to say that the Price/Book Value is only 0.67x, while the industry median is 1.04x. Significant exposure to CRE loans certainly weighs on this divergence, but based on the latest quarterly report, I do not…
BalkansCat/iStock Editorial via Getty Images Introduction Getinge AB (OTCPK:GNGBY) is a Swedish Healthcare Medical Tech company focusing on three revenue segments: Acute Care, Life Sciences, and Surgical Workflows. The company is small, valued at a $5 billion USD market cap, but offers a leading position across multiple unique niches within its target markets. This includes…
Ildo Frazao This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. DGS strategy and portfolio WisdomTree Emerging Markets SmallCap Dividend Fund (NYSEARCA:DGS) started investing operations on 10/30/2007 and tracks the WisdomTree Emerging Markets SmallCap Dividend Index. It has 960 holdings, a…