Chiyacat Earnings of Tompkins Financial Corporation (NYSE:TMP) will likely benefit from the falling interest-rate environment and strong regional labor markets. I’m expecting the company to report earnings of $4.41 per share for this year. Compared to my last report on the company, I have reduced my earnings estimate for the year because earnings missed my…
Marco VDM/E+ via Getty Images Jumia (NYSE:JMIA) is an e-commerce company focusing on the Pan-African market, founded in 2012. Since a few years ago, it has also made an expansion into logistics and payment businesses. The company generates the majority of its revenue from the operations in West and North Africa. As per its 20F,…
Monty Rakusen The corrective phase in the stock market may have started in Q2, but there were red flags beforehand in Q1. Yields were climbing, the rally was slowing, and sector performance was reflecting a more risk-off environment. One of the sectors warning of a change was utilities, as represented by the Utilities Select Sector…
Wirestock Investment thesis Alstom SA (OTCPK:ALSMY), a rolling stock producer with global reach, looks like an interesting buy opportunity with a non-linear return profile – specifically before the earnings call on the 10th of May. I think, there is a high chance that the potentially dilutive capital raise will not go through which shall catapult…
Ralf Hahn It was only after posting last week’s S&P 500 earnings update that it was realized that the data metrics usually posted each week were left off last week’s blog post. Here’s last week’s S&P 500 data: The forward 4-quarter estimate was $252.21, up $0.40 from the prior week’s $251.81. The P/E ratio on…
SafakOguz Following our last update, “Too Cheap To Ignore,” and an expectation reset in early December 2023, Anglo American (OTCQX:AAUKF, OTCQX:NGLOY) reported its FY 2023 results and the just-released Q1 production report. For our new readers, Anglo-American is one of the world’s most prominent diversified mining players. The company is headquartered in London and listed…
champpixs Almost a year ago, I penned a draft for Upstart (NASDAQ:UPST) titled: Upstart: Too hard basket until interest rates turn. I had expected the nearing quarterly report to be negative, but instead it was very positive, and instead I completely rewrote the article as “A leaner Upstart can grow from here” and rated the…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Nomura Holdings, Inc. (NYSE:NMR) [8604:JP] shares are rated as a Buy, My earlier write-up published on February 1, 2024 analyzed Nomura Holdings’ Q3 FY 2024 (YE March 31, 2024) financial performance. I preview NMR’s Q4 FY 2024 financial results and assess the growth outlook for the company’s Americas…
Thomas Barwick Investment action Based on my current outlook and analysis of Darden Restaurants (NYSE:DRI), I recommend a hold rating. My review of DRI suggests a poor FY25 SSS performance ahead, given the inflationary environment that impacts consumer traffic and its cost base. Relative to Texas Roadhouse (TXRH), DRI performance is also relatively poorer, which…
Yuji Sakai/DigitalVision via Getty Images The following segment was excerpted from this fund letter. Laird Superfood Inc. (NYSE:LSF) Our largest positive contributor to overall fund performance in the quarter came from one of our few American holdings, Laird Superfood Inc. Based in Sisters, Oregon, the eponymous Laird Superfood was launched in 2015 by the big…
imagedepotpro Dear readers, Last time I wrote an article on the S&P 500 (NYSEARCA:SPY), the index stood at 5,150 points. My view on the index had been short-term positive since November, mainly due to momentum, but because of a relatively expensive valuation at a forward P/E of nearly 21x, I remained medium to long-term bearish….
Monty Rakusen United States Steel Corporation (NYSE:X) is in the news again after President Joe Biden stated the firm would remain “American owned,” promising that a foreign sale will not be allowed for as long as he’s in power. We covered U.S. Steel a few months ago, before the Nippon (OTCPK:NPSCY) merger agreement. Our analysis…
Ricpe/iStock via Getty Images Out of the blue, EQT Corporation (NYSE:EQT) announced plans to acquire its previously wholly owned pipeline division, Equitrans (NYSE:ETRN). Equitrans has been struggling with cost overruns and judicial battling over the Mountain Valley Pipeline project, and now with the project finally at the finish line – billions of dollars over budget…
We Are Investment action Based on my current outlook and analysis of Yext (NYSE:YEXT) stock, I recommend a hold rating. While I see aspects of growth inflection and upside, I think it is best to wait for YEXT to actually show growth inflection at the topline to take a more convicted view of the stock….
courtneyk Due to its reliance on mortgage banking income, Meridian Corporation’s (NASDAQ:MRBK) earnings are closely related to the interest-rate cycle. Now that we’re on the verge of a down-rate cycle, chances are very high that the company’s earnings will improve. I’m expecting the company to report earnings of $1.32 per share for 2024, up 14%…
Vertigo3d/iStock via Getty Images MacroGenics (NASDAQ:MGNX) is an important biotech to keep an eye on, because it has been able to make remarkable progress on advancing the use of its lead drug vobra duo [vobramitamab duocarmazine] in the ongoing phase 2 TAMARACK study for the treatment of patients with metastatic castration-resistant prostate cancer [mCRPC]. It…
AaronAmat/iStock via Getty Images Investment Thesis BlackBerry (NYSE:BB) delivered a very mixed set of fiscal Q4 2024 results. Simply put, its guidance is better than what seems on the surface. This is contrary to what many investors have opined. Nevertheless, despite BlackBerry pointing to some traction in fiscal 2025 (not to be confused with calendar…
anyaberkut Summary Readers may find my previous coverage via this link. My previous rating was a sell, as I did not see any catalyst that could drive the share price of Telos Corporation (NASDAQ:TLS) upwards. My thoughts were that TLS needed to show a couple more quarters of growth before the market would be convinced…
Daniel Grizelj Investment Thesis Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) deserves a buy rating among international dividend funds based on multiple attractive qualities. First, VYMI offers investors vast international diversification with over 1,000 holdings and a relatively low expense ratio. Second, VYMI provides a solid dividend yield while having greater dividend sustainability than other…
Stephen Lovekin/Getty Images Entertainment Investment action I recommended a hold rating for Korn Ferry (NYSE:KFY) when I wrote about it the last time, as I awaited further clarity on the Fed’s decision on cutting rates before I took a look at its upcoming performance. Based on my current outlook and analysis, I am upgrading my…
winhorse/iStock Unreleased via Getty Images AIA Group (OTCPK:AAIGF) has come down significantly since my first coverage of it in June 2023 when it shouldn’t have. Despite the Group’s strong financial performance, the market has been wary of its Chinese exposure. These “exogenous factors”, however, never had much of an impact on the fundamentals of the…
gorodenkoff Elevator Pitch I rate HUYA Inc. (NYSE:HUYA) shares as a Buy. My prior November 15, 2023 write-up reviewed HUYA’s financial performance for the third quarter of last year. The current update analyzes HUYA’s recently announced Q4 2023 financial numbers. I have decided to upgrade my investment rating for HUYA to a Buy. I am…
Justin Sullivan Overview My recommendation for Hasbro (NASDAQ:HAS) is still a hold rating as the demand environment remains weak, and I am not confident that this situation will be resolved anytime in the near term. Even if I had the confidence, I would only take action when HAS reported strong positive results. That said, I…
We-Ge Ulta Beauty (NASDAQ:ULTA) is expected to report earnings on Thursday 14th of March. For more background information about the company please refer to my previous article “Ulta Beauty: Time to Re-Accelerate”, in which I explained my bull thesis. This article will give a short preview about the upcoming earnings. I last covered ULTA in…
IvelinRadkov Intro We wrote about Adient plc (NYSE:ADNT) back in May of last year when we stated that ongoing macro uncertainty had to stack up for the company so forward-looking growth projections could indeed be met. We rated Adient a ‘Hold’ at the time of writing. The company was just off the back of a…
Bennett Raglin Citi Trends (NASDAQ:CTRN) is an American retailer specializing in apparel and accessories in physical stores in low-income neighborhoods. The company received a windfall when pandemic stimulus money hit its core demographic strongly, and it became a meme stock for a while. After the pandemic, the reverse occurred. The company’s low-income demographic is suffering…
shaunl Summary Following my coverage on GXO Logistics (NYSE:GXO), for which I recommended a buy rating as I expected solid FY23 performance, which coupled with an attractive valuation makes it a buy, this post is to give an update on my thesis. I continue to give a buy recommendation for GXO because the underlying business…
Yuichiro Chino/Moment via Getty Images Investment Action I recommended a hold rating for Dun & Bradstreet Holdings (NYSE:DNB) when I wrote about it the last time, as I am negative about the underperformance that DNB is showing relative to peers in both growth and margins. Based on my current outlook and analysis, I recommend a…
SOPA Images/LightRocket via Getty Images Elevator Pitch I rate ACV Auctions Inc. (NASDAQ:ACVA) stock as a Buy. In my previous September 12, 2023, write-up, my focus was on ACVA’s growing market share, the stock’s valuations as compared to peers, and the change in consensus estimates for the company. I touch on ACV Auctions’ Q4 2023…
KangeStudio Earnings of Amalgamated Financial Corp. (NASDAQ:AMAL) will likely increase this year on the back of loan growth and slight margin expansion. I’m expecting the company to report earnings of $3.11 per share, up 8.9% year-over-year. The year-end target price suggests a moderate upside from the current market price. As a result, I’m maintaining a…
andreswd Investment action I downgraded my rating to a hold for Doximity (NYSE:DOCS) when I wrote about it the last time, as I thought the market was going to focus on the near term. In hindsight, my downgrade from a buy to hold was right in the sense that I avoided the share price decline…
THORKILD AMDI/AFP via Getty Images Overview My recommendation for Carlsberg (OTCPK:CABGY) is a buy rating as I believe growth can revert back to mid-single-digit as guided, with margin expanding as gross margin improves to pre-covid levels on the back of the premiumization trend and operational leverage. Valuation should also rerate back to CABGY average trading…
Javier Ghersi/Moment via Getty Images Methanex Corporation (NASDAQ:MEOH) delivered EPS better than expected in the last quarter, and the expectations for 2024 increased significantly. I believe that the new capacity coming from the new G3 project, the new two-year supply agreement recently announced, and the repairs announced have all contributed to the recent optimism in…
xavierarnau Adtalem Global Education (NYSE:ATGE) offers workforce solutions. Recently, Safkhet Capital published a report against ATGE, due to which its share price fell more than 19% in just one week. However, the management has denied all the allegations and states that the report is false and is aimed towards making money through short selling. I…
CHUNYIP WONG With the Biden administration putting a pause on LNG terminal permitting, let’s catch up on Cheniere Energy (NYSE:LNG). While on the surface the news sound like a negative, I actually think it’s a positive for Cheniere. In November, I lowered my rating on the stock to “Hold” as it closed in on my…
tonefotografia/iStock via Getty Images Synopsis For every American homeowner, much effort and expertise in home servicing is needed in maintaining their living space, especially to avoid costly breakdowns of their essential appliances and home systems. With over 50 years of experience in home repair and maintenance and over 75 million service requests, Frontdoor (NASDAQ:FTDR) is…
Justin Sullivan Investment action Based on my current outlook and analysis of Levi Strauss & Co. (NYSE:LEVI), I recommend a buy rating. While I agree that the macro conditions are not perfect for LEVI, I really like how the business has executed the DTC transition so far, which has driven margin in the right direction….
akinbostanci Investment Thesis Braze (NASDAQ:BRZE) stock’s expectations are relatively muted, even as the company is delivering strong results. I make the case that this stock is now on the point of inflection. Succinctly put, I believe that Braze could within the next 12 months, be on a forward run-rate of +5% non-GAAP operating margin. Consequently,…
Michael Vi Investment thesis Skyworks Solutions (NASDAQ:SWKS) is going to report its Q1 ´24 results on January 30th after the market closes. I wanted to revisit the company to see how it has progressed since then and give some info on earnings expectations and some comments on the outlook. The company has navigated the downturn…
Ethan Miller/Getty Images News LG Display (NYSE:LPL) put in a mixed report on the 24th. On the one hand, LPL reported, for instance, its first quarterly profit after six quarterly losses. On the other hand, the relief is not likely to last with further losses in the pipeline for a number of reasons. There is…
michal-rojek/iStock via Getty Images Avadel Pharmaceuticals (NASDAQ:AVDL) received FDA approval for LUMRYZ in May 2023. Early data suggests the launch has gone well and, prior to this, the company, was loss-making, so as basically a one product company the launch is likely to drive the stock for better or worse. Launch Momentum Is Important A…
FG Trade Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your beliefs to…
primeimages Dear readers, W. P. Carey (NYSE:WPC) has generated a lot of discussion in the investment community lately, because of management’s sudden decision to spin-off the majority of their office portfolio into a new entity, Net Lease Office Properties (NLOP). The spin-off, which has been covered extensively, allowed WPC to (1) clear their portfolio of…
zorazhuang Synopsis Hawkins, Inc.’s (NASDAQ:HWKN) historical financial results have shown robust revenue growth and strong bottom-line margins. For its 2Q24 results, there was a slight decline in revenue growth due to the sale of its consumer bleach packaging business. However, margins grew at double-digit rates, resulting in an increase in diluted EPS. Looking ahead, its…
Orbon Alija Following our initiation of coverage of On Holding AG (NYSE: NYSE:ONON), today we are back to comment on the company results based on the Nike Q2 2024 readout and the latest news on the Sporting Goods sector. In this update, there are at least three takes on the read across from Nike’s September-November…
Jovanmandic/iStock via Getty Images Vistagen Therapeutics (NASDAQ:VTGN) has made great progress in being able to advance its pipeline. That’s because it was able to achieve positive results from its phase 3 PALISADE-2 study, which used its lead drug fasedienol for the treatment of patients with social anxiety disorder [SAD]. Not only was the primary endpoint…
Spencer Platt Elevator Pitch I have a Buy investment rating for GoDaddy Inc. (NYSE:GDDY). GoDaddy’s share price went up by +42.0% (source: Seeking Alpha price data) after I raised my rating for GDDY from a Hold to a Buy with my October 10, 2023, write-up that highlighted several “potential value unlocking initiatives” for the stock….
Seth Love DraftKings Inc. (NASDAQ:DKNG) has bullish prospects for 2024, but investors need to consider entry of two deep-pocketed new competitors: ESPNBet and Fanatics. DKNG will turn profitable next year propelled by double-digit sales growth and continued narrowing of promotional spend–unless newbies swamp the sector with crazy free bet promotions. The FanDuel parent Flutter Entertainment…
TU IS Summary I’m following up on my coverage of Lumentum Holdings (NASDAQ:LITE), where I previously recommended a hold rating as the inventory situation did not see any improvements at all. Management comments back then were also painted with a very uncertain outlook. This post is to provide an update on my thoughts on the…
koto_feja/E+ via Getty Images Shattuck Labs (NASDAQ:STTK) develops bi-functional fusion proteins targeting cancer and autoimmune diseases. Shattuck’s ARC (Agonist Redirected Checkpoint) platform seamlessly integrates checkpoint inhibition with TNF costimulation. The platform has generated over 400 preclinical bi-functional fusion protein drug candidates. The primary clinical-stage product, SL-172154 (SIRPα-Fc-CD40L), is currently undergoing two Phase 1 clinical trials….