Jonathan Kitchen Written by Nick Ackerman, co-produced by Stanford Chemist. Nuveen Core Plus Impact Fund (NYSE:NPCT) provides investors with exposure to a diversified portfolio of mostly fixed-income investments. Since launching in 2021, the closed-end fund has been trading at a substantial discount to its net asset value per share. That isn’t too unheard of for…
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…
onurdongel GIC Searches For Stability I have been discussing Global Industrial Company (NYSE:GIC) in the past, and you can read the latest article here, published on January 9. The company continues strengthening its e-commerce sales channels and traditional marketing efforts. Its competitive pricing initiatives, including actions to lower freight costs and promotion, should gradually improve…
alfexe The Guggenheim Active Allocation Fund (NYSE:GUG) is a closed-end fund, or CEF, that income-hungry investors can purchase as a method of pursuing their goals. The fund certainly appears to do a good job at this particular task, as its 9.63% current yield is attractive even in today’s high-interest rate environment. In fact, this yield…
YinYang/iStock via Getty Images Shares of First Hawaiian (NASDAQ:FHB) have performed well since my last update back in November, returning around 19% in that time, as optimism over moderating headwinds has helped lift the entire regional bank sector. Data by YCharts Like most peers, First Hawaiian is definitely seeing pressure ease in terms of net…
Lemon_tm Written by Nick Ackerman, co-produced by Stanford Chemist. Nuveen Variable Rate Preferred & Income Fund (NYSE:NPFD) announced a sizeable distribution boost with their February announcement. This raise itself was shortly after a raise in the distribution announced back in December 2023 as well. Shortly after the fund’s inception, the Fed began hiking short-term interest…
JHVEPhoto Hancock Whitney (NASDAQ:HWC) has been a relatively quiet performer since my last update in the summer, with shares of this Southeastern lender underperforming regional bank peers to varying degrees depending on which index you use. Data by YCharts Alongside its peer group, Hancock was staring fund cost headwinds square in the face the last…
Houston Chronicle/Hearst Newspapers via Getty Images/Hearst Newspapers via Getty Images Homebuilder stocks have been among the top-performing names in the S&P 500 since the summer of 2022. The SPDR S&P Homebuilders ETF (XHB) has returned nearly 80% in the past 20 months while the iShares U.S. Home Construction ETF (ITB) has almost doubled in that…
Darren415 Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund (“CEF”) market activity from both the bottom-up – highlighting individual fund news and events – as well as the top-down – providing an overview of the broader market. We also try to provide some historical context as well as…
Pressure BioSciences, Inc. (OTC:PBIO) Acquisition of Uncle Bud’s Conference Call February 5, 2024 4:30 PM ET Company Participants Richard Schumacher – Founder, President and CEO Jeff Peterson – Chairman of the Board John Hollister – Head of Sales and Marketing Bruno Schiavi – President of Uncle Bud’s Garrett Greller – Director of Marketing and Co-Founder…
The following is a heuristic analysis of GBTC outflows and is not intended to be strictly mathematical, but instead to serve as a tool to help people understand the current state of GBTC selling from a high level, and to estimate the scale of future outflows that may occur. Number Go Down January 25, 2024…
Jason Kempin Back in September, I wrote that I thought investors could take a starter position in RH (NYSE:RH), but that I’d like to wait a little longer to see how things play out. The reason is that home improvement is expected to start to decline in 2024 and there were still a lot of…
mixmotive Annual Update Union Pacific is a long-term member of my investing universe. I last wrote about the company and provided an intrinsic valuation about a year ago (Union Pacific Stock: Intrinsic Value Update). This article updates the key sector statistics, provides a valuation update and an investing recommendation. Rail Sector Overview The US rail…
On December 26, Bitcoin (BTC) price experienced a downward movement, reaching $42,200, down 2% for the day and marking its lowest point in almost a week. Analysts attributed this decline to seasonal trends affecting BTC prices. Despite the expectation of a “Santa rally” or holiday surprise, Bitcoin bulls were met with continued market struggles over…
Pgiam/iStock via Getty Images Investment updates Investors should be fairly compensated for the capital they put at risk when investing with a company. Stock market investors are not providers of capital per se-unless in IPOs or secondary offerings, etc.-but they do provide capital indirectly through reinvestment of retained earnings. Consequently, investors mark the valuations of…
hdagli/E+ via Getty Images Intro We wrote about Limoneira Company (NASDAQ:LMNR) back in late May of this year when we were optimistic that the company’s Q2 numbers could add to the stock’s momentum at the time. Shares had bounced off their December’2020 lows with aplomb and had gained approximately 30% in value over the following…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chris Christie is trying to fend off growing pressure to bow out of the 2024 White House race and narrow the field of candidates challenging Donald Trump for the Republican presidential nomination. The former governor…
If all goes to plan, Aliko Dangote, Nigeria’s most successful businessman and the richest person in Africa, is about to bring online a $20bn oil refinery outside Lagos that could transform the continent’s biggest economy. Starting operations at the vast facility would mark the culmination of a career in which Dangote, whose personal wealth is…
typhoonski It has been a tough year so far for Cullen/Frost (CFR), the holding company of Texas-based Frost Bank. Shares of the firm have fallen around 30% with dividends year-to-date, roughly matching the struggles of the broader regional bank industry. Source: Seeking Alpha Putting recent industry turbulence to one side for a moment, there is…
Iryna Drozd/iStock via Getty Images On Friday, October 6, 2023, the day before the horrific terrorist attack in Israel, nearby NYMEX December WTI crude oil futures (CL1:COM) fell to an $80.20 per barrel low. When the market reopened on Sunday, October 8, the war in the Middle East caused the energy commodity futures to gap…
Torsten Asmus Valero Energy Corporation (NYSE:VLO) is the largest U.S. independent refiner and marketer of petroleum products. VLO owns refineries throughout the United States, Canada, and the United Kingdom. Meanwhile, the company is a leading biofuel producer with ethanol refining plants in the Midwest. Valero reports financial results through three segments: petroleum refining, ethanol, and…
Scott Olson Shares of Domino’s Pizza (NYSE:DPZ) have fallen about 15% from their highs in recent weeks, with a decidedly mixed quarter not helping sentiment. While the recently announced Uber Eats partnership may boost growth next year, sales momentum has slowed. Since I recommended buying shares last October, the stock has risen about 6%. Given…
chameleonseye PayPal Holdings, Inc.’s (NASDAQ:PYPL) recent financial performance showcased impressive momentum with a rise in net revenues and notable improvements in GAAP and non-GAAP operating income. The company observed growth in its Total Payment Volume (TPV) and transaction count, pointing to a bolstered transactional base. Active account numbers also slightly increased, emphasizing the company’s prominence…
statu-nascendi This Analysis Suggests a Hold Rating for Grupo México, S.A.B. de C.V. This analysis changes the view on shares of Grupo México, S.A.B. de C.V. (OTCPK:GMBXF), a Mexican copper miner as well as freight transport operator and infrastructure company worldwide, from a previous Sell rating to a Hold rating. From now on, this article…
Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million in bull call liquidations in…
gerenme I had expected some “muddle through” performance from Columbus McKinnon (NASDAQ:CMCO) in 2023 given pressures on volumes from reduced/deferred capex from many industrial end-markets. While the business has held up reasonably well even in the face of meaningful volume challenges, the shares have indeed lagged this year – declining about 10% since my last…
plastic_buddha Over the past three years, volatility has caused many investors to flock toward alternative “inflation hedge” assets. Gold performed very well during the initial government stimulus programs and QE efforts in 2020. Since then, it has not held its weight, primarily due to rising interest rates pushing the value of the US dollar higher….
Bitcoin ETFs provide an easy way for investors to put their funds into the cryptocurrency market. The crypto industry is rife with anticipation for the Securities and Exchange Commission (SEC) to approve spot Bitcoin exchange-traded fund (ETF) applications. However, the extended clamor may now have the right backing as four members of the House Financial…
supersizer Intro We wrote about Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) before the company’s first-quarter earnings announcement in May of this year where we were looking for a solid Q1 number to keep the year-to-date momentum going. Shares are up close to 17% since our previous commentary. Aveanna actually posted a marginal bottom-line beat in Q1…
jetcityimage In January 2023 Dow’s (NYSE:DOW) stock price reached a level of US$60 but declined in March after which it has been trading sideways at approximately US$55 per share. Yet, the stock price does not reflect the fact that the inflationary environment, customer destocking and overall economic slowdown has hit Dow midships if both sales…
carlosgaw Introduction Funko (NASDAQ:FNKO) shares have fallen 35% YTD. Despite the fact that the quotes are down a lot and the company is valued relatively cheaply by multiples, I think it’s still not the best time to go long. Investment thesis In my personal opinion, revenue and operating margin growth will continue to be under…
TERADAT SANTIVIVUT By Padhraic Garvey, CFA, Regional Head of Research, Americas The rise in US market rates has been pulling eurozone ones higher One of the most persistent trends in the past number of months has been the re-widening of spreads between US and eurozone market rates. We tend to look at the 10yr differential…
Michael Vi E-commerce giant JD.Com Inc. (NASDAQ:JD; 9618.HK) announced its second-quarter results on Aug. 16, including a 7.6% year-on-year rise in revenue to 287.9 billion yuan ($39.5 billion), and a 31.9% jump in adjusted profit to 8.6 billion yuan, both exceeding market expectations. Among its business segments, electronics and home appliances performed strongly, with revenue…
Matteo Colombo Investment Updates The price risk in Mesa Laboratories, Inc. (NASDAQ:MLAB) equity stock remains well in situ despite a balanced set of Q1 FY’24 numbers, and a turn off its 52-week lows in the last few months. Since my June publication on MLAB the major headwinds to it rating back to previous highs remain…
svetikd/E+ via Getty Images Introduction Shares of Delta Apparel (NYSE:DLA) have fallen 30% YTD. Despite the fact that the company’s share price has dropped a lot, I believe that it is still not the best time to go long because the company’s operating and financial performance may be under pressure in the coming quarters. Investment…
J. Michael Jones Earnings of First Bancorp (NASDAQ:FBNC) will most probably plunge this year due to margin shrinkage and higher operating expenses. On the other hand, loan book growth will support earnings. Overall, I’m expecting the company to report earnings of $3.08 per share for 2023, down 25% year-over-year. Compared to my last report on…
Wirestock/iStock via Getty Images Introduction Shares of OneWater Marine (NASDAQ:ONEW) have fallen 6% YTD. Despite the fact that stocks are lower after the release of weak quarterly results and lower guidance, I believe that this is still not the best time to go long. Investment thesis In my personal opinion, in the coming quarters the…
Wasan Tita By Scott DiMaggio, CFA | Gershon M. Distenfeld, CFA | Matthew Sheridan, CFA Do high-yield bonds still make sense for income investors at this stage of the credit cycle? We think so. With the global economy slowing under the weight of central bank rate hikes, many income-seeking investors are shying away from high-yield…
As of now, Binance retains the majority of the crypto market share despite the regulatory challenges. Binance has withdrawn its application for a crypto license in Germany, citing the changing situation in the global market and regulation. Earlier in June, reports emerged suggesting that the German Federal Financial Supervisory Authority (BaFin) declined the exchange’s license…