PM Images Written by Nick Ackerman, co-produced by Stanford Chemist. Calamos Strategic Total Return Fund (NASDAQ:CSQ) has performed quite well since our last update earlier at the start of 2024. The fund provides investors exposure to a diversified pool of primarily equity positions but also has a sleeve of convertible and high-yield securities. The fund…
hyejin kang/iStock via Getty Images This is my initial Blueprint Medicines (NASDAQ:BPMC) article. Blueprint is a commercial stage biotech which is pegging potential blockbuster revenues for AYVAKIT/AYVAKYT (avapritinib), its one FDA approved product. With its hefty market cap anticipating its exceptional performance. I rate it a “hold”. For more risk tolerant investors, there is still…
champja/iStock via Getty Images Investment Thesis Atlassian Corporation (NASDAQ:TEAM) helps teams work together more effectively. Their software products, like Jira and Confluence, are used for project management and collaboration. Atlassian’s platform helps businesses streamline their workflow and improve productivity by providing solutions for organizing tasks, and sharing information, and tracking progress on projects. It’s a…
djgunner Brown & Brown Insurance (NYSE:BRO), despite its ticker, was founded by a father-son team, which the Brown family continue to lead, with attractive returns for shareholders. Total Returns Last 10Y (Seeking Alpha) One can’t help but wonder what their secret sauce is. I decided to take a look, and from what I can tell,…
Mireya Acierto/DigitalVision via Getty Images Today’s article dials in on Apartment Income REIT Corp. (NYSE:NYSE:AIRC), a U.S.-based REIT targeting upmarket residential units. The rationale for this thesis stems from Blackstone’s (NYSE:BX) agreement to acquire Apartment Income REIT Corp. in a deal worth a reported $10 billion. Apartment Income REIT Corp.’s market price surged by more…
Andrey Semenov Earnings Preview No one on Wall Street predicted the meteoric rise of Super Micro Computer (NASDAQ:SMCI) thus far in 2024. Super Micro closed the first day of trading in January of 2023 at $83.86 and closed December 31st, 2023 at $284.26. The stock closed the year up 238.97%. Little did we all know…
Eetum/iStock via Getty Images When I last covered Marathon Digital (NASDAQ:MARA) for Seeking Alpha in December, the Bitcoin (BTC-USD) network was experiencing a dramatic surge in transaction fees as a percentage of total block reward. The potential long term stickiness of transaction fees would be hugely beneficial to BTC miners like Marathon because it would…
Bjoern Wylezich/iStock Editorial via Getty Images Here at the Lab, we have good coverage of Industrial gas companies, and Air Products and Chemicals (NYSE:APD) is a top pick in our investment portfolio. For our new readers, the company has a $12 billion annual turnover and provides specialty gases to healthcare facilities, industrial manufacturers, and energy…
Michael M. Santiago Despite a big warning for 2024, Mobileye Global Inc. (NASDAQ:MBLY) has already started an irrational rally back up to previous highs. The ADAS company has run into a questionable demand scenario due to the clouds of a major inventory issue. My investment thesis remains Bearish on the stock following the big rally…
JHVEPhoto Shares of RH (NYSE:RH), formerly known as Restoration Hardware, are up 23% from a year ago, but this hides what a bumpy ride it has been. Shares closed Wednesday about 25% below their 52-week high. After giving encouraging guidance, shares rallied by 8% past $320 Wednesday after hours. Even after this move, shares have…
anusorn nakdee I am following up on my previous analysis for bluebird bio, Inc. (NASDAQ:BLUE) in light of the recent financing news. In November and just before the FDA announcement on Bluebird’s Sickle Cell treatment, I rated Bluebird a buy for the following reasons: FDA Approval was likely based on signaling. Cash flow was tight…
View from above of big parking lot with parked used cars after accident ready for sale. Auction reseller company selling secondhand broken vehicles for repair Bilanol/iStock via Getty Images Investment Thesis Since March 1994, when Copart (NASDAQ:CPRT) was listed in Nasdaq, the company has “rewarded” its shareholders with an incredible 24.000% return approximately. Even though…
peterschreiber.media/iStock via Getty Images RE/MAX Holdings, Inc. (RMAX) is a franchisor of real estate brokerage services including mortgages under the brand Motto Mortgages. It is one of the largest brokerages, and it is a very well-known name in the industry. This company was recently voted as being the “#1 most trusted real estate agents” by…
sanjeri/E+ via Getty Images Investment Thesis Veeva Systems Inc. (NYSE:VEEV) helps streamline processes, improve collaboration, and ensure compliance with industry regulations. The business is highly entrenched and returning to attractive growth once again. Furthermore, I make the case that paying 32x forward non-GAAP operating profits for Veeva is attractively priced. Simply put, with more than…
AzmanJaka Medpace (NASDAQ:MEDP) is a fast-growing clinical research organization, focused on small biopharma customers, and is still founder-led by CEO August Troendle. Throughout the last year, particularly small biopharma companies increasingly faced financing issues due to the macroeconomic slowdown and rising interest environment. Additionally, we saw loaded inventories and therefore a normalization for equipment manufacturers….
JHVEPhoto A year ago, I made the case for home builder Taylor Morrison Home Corporation (NYSE:TMHC) but waffled on the rating (with a hold) because, at the time, a nascent breakout to all-time highs looked ready for a rest. The breakout soon continued. While TMHC eventually pulled back and tested the breakout point, the stock…
memoriesarecaptured My Thesis My “Hold” thesis for Tootsie Roll (NYSE:TR) is based both on my quantitative pricing methods, which indicate that the stock is already priced according to its intrinsic value, and on the analysis of operability and margins. The latter indicates lower margins than ideal for a small, low-growth company, which should be focused…
Polina Lebed/iStock via Getty Images ACOMO N.V. (OTCPK:ACNFF) is a stable dividend payer operating in the food business, offering a 6% dividend yield. As it is a slow-growing company, we should not expect that the stock will go up 5x in the next 10 years, but if you are looking for a stable dividend payer,…
Sundry Photography Introduction & Investment Thesis Cloudflare (NYSE:NET) is a provider of cloud-based services that secure internet properties. The company produced stellar results in its latest Q4 FY23 earnings report, beating both the top and bottom-line expectations. The company has a terrific track record of driving a 46% compounded annual growth rate (CAGR) in revenue…
SDI Productions We present our note on Coloplast (OTCPK:CLPBY) (OTCPK:CLPBF), a leading global supplier of intimate healthcare products, with a Hold rating. We are drawn by Coloplast’s strong product portfolio, high market share, and customer stickiness, but we find the stock fully valued. We will provide a description of the firm, analyze its business model…
JHVEPhoto/iStock Editorial via Getty Images I rate Ashtead Group (OTCPK:ASHTF)(OTCPK:ASHTY) as a hold, as even when the company has interesting drivers ahead that might support it to keep delivering growth in the next few years, most of those drivers might be priced in. Even when I rated the stock as hold, I could use the…
Chris Hondros Business Overview Microsoft Corporation (NASDAQ:MSFT) started life as a technology leader. It has grown its revenues by developing technologies in-house through investments in research and development and by the acquisition of other innovative companies. Over the last 10 years, Microsoft has invested almost $172 billion in research and development (13% of revenues) and…
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…
vm/E+ via Getty Images Investment Thesis In the stable yet ‘boring’ packaging sector, numerous winners can be found, and this is no coincidence when we analyze the positive characteristics of the industry. AptarGroup (NYSE:ATR) stands out among these winners, consistently outperforming the S&P500 by a significant margin in recent decades. In this article, we will…
Michael Vi Investment Thesis BILL Holdings (NYSE:BILL) simplifies financial operations for SMBs through specialized automation software, including payables and receivables management. The stock isn’t overly expensive at 40x forward EPS. The problem here is twofold. Firstly, the business is slowing down at a rapid rate, and it’s difficult to know with certainty at what rate…
uchar/E+ via Getty Images Topline Summary and Update Nurix Therapeutics (NASDAQ:NRIX) is an undercovered stock that I previously wrote about back in early October, where I highlighted their novel “targeted degradation” approach to fighting cancer. That was before a big drop on the back of a clinical hold and then a recovery thanks to promising…
Jovana Kuzmanovic Elevator Pitch Lenovo Group Limited (OTCPK:LNVGY) [992:HK] is rated as a Hold. My prior August 18, 2023 write-up was focused on the company’s below-expectations Q1 FY 2024 (April 1, 2023 to June 30, 2023) financial performance and its AI-related investments. Lenovo is a proxy for the rising penetration rate of AI PCs. But…
simonkr The Industrials sector has helped lead the market over the past year. Now, you might scoff at such a comment, but aside from the glamour growth areas of Information Technology, Communication Services, and Consumer Discretionary, Industrials is the leader. Many stocks in the group can benefit from key investment packages put through by Congress…
Mario Tama CAVA Group (NYSE:CAVA), owner of a fast-growing contemporary Mediterranean food chain, checks every box when it comes to its potential to become America’s next big food chain. Showcasing a unique and healthy menu, and prudently managed with emphasis on exceptional operational efficiency and an employee satisfaction, CAVA’s management took a page from the…
IgorSPb/iStock via Getty Images Shares of Costamare (NYSE:CMRE) have rebounded notably in recent weeks. This can be attributable to the company’s dry bulk and containership fleets, which are likely set to benefit notably from the ongoing safety issues in the Red Sea, averting vessel passage in the Suez Canal. However, I believe that the market…
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…
ktsimage At a Glance In my recent review of Geron Corporation (NASDAQ:GERN), I focused on Imetelstat’s prospects for LR-MDS patients and the encouraging results from the IMerge Phase 3 trial. The FDA’s acceptance of Imetelstat and setting a June 16, 2024, PDUFA date marks a shift for Geron. However, in my opinion, Geron’s real win…
joebelanger/iStock via Getty Images We’re downgrading Qualys (NASDAQ:QLYS) to a hold; we’re picking up our coverage of the stock after QLYS outperformed the S&P 500 by 44% since our buy-rating at the end of 2021. Our positive thesis of QLYS showing signs of reaccelerating revenue growth as Vulnerability Management remains a top three IT-spending priority…
Sebastian Gorczowski/iStock via Getty Images Topline Summary and Update ImmunityBio, Inc. (NASDAQ:IBRX) is a late-stage developmental biotech trying to bring novel immunotherapy approaches for cancer treatment to market. Their first and biggest shot on goal is a combination therapy with BCG in patients with bladder cancer, with an FDA decision coming in April 2024. While…
skynesher Founded in 2006, CarGurus (NASDAQ:CARG) is an online research platform and marketplace that allows consumers to look up vehicles available for sale at local dealers. With over six years since its IPO at around $29 per share in 2017, share prices currently trade around $22. Already priced for growth well before it occurred (and…
oksanaphoto Helen of Troy (NASDAQ:HELE) manufactures and sells consumer products in Home & Outdoors and Beauty & Wellness segments with products ranging from coffee makers, child seating, and food containers to shampoos, blood pressure monitors, and humidifiers – the company’s offering is very complex. With the wide range of products, Helen of Troy also operates…
Abdullah Baloch/iStock via Getty Images Following up on my recent article on broad Emerging Market equities, this article examines the iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA), an ETF dedicated to Saudi Arabian equities. Saudi Arabia Overview Saudi Arabia is the largest economy in the Middle East with a GDP of $1.1 trillion, ranking it 17th…
G0d4ather We’re upgrading Broadcom (NASDAQ:AVGO) to a buy post-4Q23 results and outlook. We now think our negative thesis of AVGO’s A.I. growth not being enough to offset macro weakness and drive outperformance has been priced into the outlook for next year. Management now guides FY24 revenue of ~$50B, trailing the consensus of $52.34B. On the…
Ilja Enger-Tsizikov The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) is a closed-end fund that investors can employ in order to generate a high level of income from the assets in their portfolios. The fund has an 8.65% current yield, so it certainly does this job reasonably well, although this yield is…
anzeletti/E+ via Getty Images Dear readers, I don’t cover technology stocks often here on Seeking Alpha, and it’s for a good reason – my current exposure to the sector is very low. It’s not that I don’t believe in technology and don’t think that these are great businesses. Believe me, I do, and I had…
LordRunar Crown Holdings “Crown” (NYSE:CCK), with operations in beverage/food can and packaging manufacturing, has the business attributes that I generally seek out in an investable business. Some of those checkboxes include durability, defensibility, growth and an undemanding valuation. I originally purchased shares in November 2022 following the selloff related to its Q3 2022 report, which…
vinnstock Investment Thesis Paycor HCM (NASDAQ:PYCR) had been affected due to a risk-off sentiment as macro slowdown makes the SMB segment, its core focus, more susceptible along with slowing employment growth. However, we really like the strong execution and follow through on earnings momentum in a challenging macro environment with stable retention ratios and strong…
RobsonPL After analyzing Intesa Sanpaolo and BNP Paribas’ quarterly performance, today we decided to move forward with Crédit Agricole (OTCPK:CRARF). Post the bank ‘Ambitions 2025‘ plan and Q2 results; we increased our target price to €13.1 per share. Italian and French banks are correlated, given the fact that both Crédit Agricole and BNP Paribas have…
While Peter Schiff thinks Bitcoin price will crash before the ETF launch in the United States, analysts at AllianceBernstein issued a prediction of $150k in 2025 driven by the halving event and institutional inflows. The recent Bitcoin (BTC) breakout has significantly raised investors’ optimism for a continued bullish trend in the coming weeks toward the…
dongfang zhao/iStock via Getty Images PROS Holdings (NYSE:PRO) sells profit and revenue optimization software. The company has grown its revenues through a subscription-based model, with airlines representing a good portion of PROS’ revenues. Still, the company has negative earnings as a result of extensive R&D and marketing investments. PROS has taken cost control measures in…
Laurence Dutton Overview Autodesk (NASDAQ:ADSK) notably underperformed the broader market last year, witnessing a stock decline of roughly 9% year-over-year. In comparison, the NASDAQ index (QQQ) saw an approximate rise of 27%. The continuous high-interest rate environment dampens the construction market’s pace, which continues to be Autodesk’s most significant market segment. Interestingly, Autodesk didn’t capitalize…
JHVEPhoto Wide-moat systems software company ServiceNow, Inc. (NYSE:NOW) stock has significantly outperformed the S&P 500 (SPX) (SPY) since my last update in October 2022. I urged investors to capitalize on its steep selloff last year as NOW dip buyers tried to form a long-term bottom. That thesis panned out, although robust buying momentum didn’t return…
JasonDoiy Salesforce (NYSE:CRM) has been among the tech giants that integrated AI into its business model, specifically within its customer relationship management software. Throughout the year, Salesforce shares have surged by approximately 57%, driven by the AI revolution emphasized by CEO and founder Marc Benioff in the company’s recent earnings call. This surge reflects the…
anyaberkut DoubleVerify (NYSE:DV) provides advertising technology. The company has achieved a stable and high growth and has stayed profitable on a net income basis in the entire period, contrary to many growing software companies. DoubleVerify’s software offering seems to be very competitive in the ad-tech industry with multiple promising KPIs. Although the company is great…
da-kuk Shares of CrowdStrike Holdings (NASDAQ:CRWD) have seen a strong revaluation since December 2022 which is when I last worked on the cybersecurity company. CrowdStrike continued to grow in the last nine months as well, especially in regard to its top line expansion and the company maintained its customer acquisition momentum. However, shares now appear…