Vepar5/iStock via Getty Images Investment Thesis DLocal (NASDAQ:DLO) delivered an earnings report that put into question its ability to meet its own guidance. More specifically, there appears to be a chasm between where its quarterly result was for Q1 and the amount of work the company needs to put in to meet the low end…
J Studios/DigitalVision via Getty Images Thesis We started covering the Franklin Senior Loan ETF (BATS:FLBL) almost a year ago with a ‘Buy’ rating. The name has outperformed since our coverage: Buy Rating (Seeking Alpha) The total return for the fund is almost 7%, with most of the move coming from the dividend yield. The high…
Sundry Photography/iStock Editorial via Getty Images Elevator Pitch I have a Buy investment rating for Aptiv PLC (NYSE:APTV) shares. My prior article written on November 18, 2023 drew attention to the United Auto Workers strike’s effects and the company’s profitability outlook. This current update reviews Aptiv’s most recent quarterly financial performance and its shareholder capital…
BlackJack3D/E+ via Getty Images Advanced Micro Devices (NASDAQ:AMD) reported Q1 2024 earnings on Tuesday, April 30. On the earnings call, AMD also provided an update about its MI300 AI accelerators, reporting an increase in the 2024 backlog from $3.5 billion to $4 billion. AMD remains poised for strong growth in data center GPUs this year,…
Matteo Colombo Introduction When looking at ETFs that invest based on an index, fees are critical when deciding which ETF to own. I was familiar with two popular ones, the iShares Russell 3000 ETF (IWV) and the Vanguard Russell 3000 ETF (VTHR), but I recently found the Dimensional U.S. Equity ETF (NYSEARCA:DFUS), whose fees are…
martin-dm/E+ via Getty Images Investment Thesis I believe PayPal’s (NASDAQ:PYPL) conservative reset of expectations for this quarter (via the guidance they gave last quarter) sets the company up for a strong buy despite recent underwhelming quarters. The fintech’s upcoming earnings announcement has set expectations at a consensus EPS estimate at $1.22, up 4.31% YoY. Revenue…
Dragon Claws The stock of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) did not react well to the mortgage trust’s first quarter earnings in which the company showed that it swung to a net loss amid loan problems in the office category: BXMT declined 4.6% on Thursday and may see additional selling pressure in the short term….
hapabapa Rubrik (NYSE:RBRK) is the first major software IPO of the year and came public to great success, with the stock trading 15% higher at the close. I analyze the financial results and discuss the confusing difference between revenue and ARR growth. The company is not yet profitable, but I expect solid margins over the…
PM Images Two years ago, I focused on how the rise in mortgage rates would harm the value of mortgage REITs. My bearish outlook on the giant Annaly (NYSE:NLY) was established at the beginning of the year. Mortgage rates had just begun to rise then, and I believe they’d increase significantly due to prolonged inflation….
zorazhuang In my previous write-up on Applied Materials (NASDAQ:AMAT), I suggested that the company could emerge as a main beneficiary of the gradual transition to advanced process technology amid the rapid development of AI. Since then, the stock price has surged by 44.6%, and with this article, I am lifting the AMAT stock to a…
Kosal Hor/iStock via Getty Images Summary Following my coverage of J.B. Hunt Transport Services (NASDAQ:JBHT) (published on 5th Feb 2024), that I recommended a buy rating as I was positive about the growth recovery trend, which I thought was evident in the intermodal [IM] segment volume performance, this post is to provide an update on…
Sundry Photography Amid softer macro trends across the globe, many companies have taken to one overarching strategy for solving top-line pressures: increased pricing. I’m generally wary of this strategy as a lever to chase long-term revenue growth, as price increases are more of a one-time driver that fades from a y/y growth perspective as soon…
Richard Drury/DigitalVision via Getty Images Thesis The iShares Floating Rate Bond ETF (BATS:FLOT) is a short term bond fund which we have covered before here, where we were highlighting the reasons for which the name was a strong hold candidate for an investor’s spare cash. The vehicle has continued to deliver since we last visited…
Palto/iStock via Getty Images Investment Thesis fuboTV Inc. (NYSE:FUBO) was once a high-flying stock with a massive shareholder following. Today, it’s a shadow of its former self. And even though the stock is down significantly from its all-time highs, I argue that not only is this stock not undervalued, but it’s actually likely to sell…
The New York Stock Exchange On Wall Street. Matteo Colombo In any given year, there are no guarantees that the stock market will go up. It may even fall in two consecutive years or even three consecutive years (as was the case in 2000-2002). Fortunately, the brilliance of capitalism is that the markets can’t be…
bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight…
HeliRy Note: I previously covered Okeanis Eco tankers (NYSE:ECO) in February 2024. In my note, I highlighted the company’s top-notch fleet, an average age below 5 years, and 100% scrubber availability. The ECO fleet consists of VLCC and Suezmax crude oil tankers. ECO distributes attractive dividends at a 14.2% TTM yield. Considering the company’s strengths,…
J Studios Investment Thesis BigBear.ai Holdings, Inc. (NYSE:BBAI), which provides advanced analytics solutions and AI, is overvalued. To further confound matters, I believe that in the next twelve months, BigBair.ai will be forced to raise funds by diluting investors. Ultimately, I contend that over the next few quarters, investors will look back to BBAI at…
JHVEPhoto/iStock Editorial via Getty Images Business Overview I initiated coverage of Charles Schwab (NYSE:SCHW) in August of 2023 with a Strong Buy rating at the price of $56.46. Schwab has outperformed the S&P since, posting a 25% total return vs. 16% from the index. Historically, Schwab has outperformed the wider index marginally and industry peers…
Sunshine Seeds Note: I previously covered Impala Platinum (OTCQX:IMPUY) in November 2023. I discussed the company’s strengths: excellent capital structure, quality assets, and cheap valuation. At the time of publishing, it was too early to buy. Over the last few months, the narrative about PGMs has been shifting. Automotive companies are backing down from BEV…
Dilok Klaisataporn AGNC Investment Corp. (NASDAQ:AGNC) and other mortgage REITs with considerable investments in rate-sensitive mortgage-backed securities were expected to be the beneficiaries of the Federal Reserve’s rate pivot in FY 2024. With inflation for the month of March coming in hotter than expected on Wednesday, the market is adjusting its expectations for cuts to…
Leon Neal I recently published my first research on British Oil & Gas Supermajor BP p.l.c. (NYSE:BP) in which I offered a deep dive into its US upstream subsidiary bpx. Given the asset’s disadvantage to key US E&P peers in terms of reserve makeup and cost competitiveness, I initiated BP at Underweight. Since then, shares…
PhonlamaiPhoto The semiconductor industry has boomed since the beginning of 2023, riding the tailwinds of OpenAI’s introduction of ChatGPT to the market, which sparked the generative AI revolution. Applied Materials (NASDAQ:AMAT) has ridden that wave higher; the stock was up 68% in 2023 and, as the following chart shows, was up 25.50% in 2024 as…
nipastock/iStock via Getty Images GWW Will Hold Its Ground I discussed W.W. Grainger (NYSE:GWW) in the past, and you can read the previous article here, published on November 5, 2021. Since then, the company has strengthened its infrastructure, manpower, and customs capabilities. It has improved the MonotaRO online channels in the US and Japan and…
Sundry Photography With the S&P 500 continuing to show no slowdown in momentum, there’s a growing argument to be cautious with our portfolios. I have more than 30% of my holdings socked away in short-term bonds and cash, waiting for a better time to deploy the capital back into equities: and within the stocks that…
Andrii Yalanskyi/iStock via Getty Images This is my sixth Catalyst (NASDAQ:CPRX) article. I rated it as a tepid “Buy” in my most recent 07/2023’s “Catalyst Pharmaceuticals: A New Catalyst Tilts The Scales – Just Barely” (“Just Barely“). Since Just Barely, Catalyst has performed well, up ~20%. The thesis of Just Barely pegged Catalysts as a…
adventtr Shares of gene therapy concern Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) have risen by 20% since we last looked at it in May of last year, as the company is poised for two potential FDA approvals. Furthermore, its one potential blockbuster rare disease gene therapy, RP-A501 for the treatment of Danon Disease, began enrolling patients in…
SweetBunFactory ANSYS (NASDAQ:ANSS) is one of my first companies covered on Seeking Alpha, and this will likely be my last article on the company. On January 16, the company announced its official merger with Synopsys (SNPS). This comes just weeks after me saying that the possibilities of merger is low and giving it a fair…
FabioFilzi Shares of Devon Energy Corporation (NYSE:DVN) are in a big uptrend as demand for U.S. shale oil is increasing and WTI petroleum prices have risen to the $85 per barrel price level as a result. Devon Energy has seen strong free cash flows throughout FY 2023 and the price outlook, given the war in…
LeoPatrizi Elevator Pitch I rate KT Corporation (NYSE:KT) [030200:KS] as a Hold. In my previous article written on January 14, 2024, I shared my thoughts on the expected performance of the company’s telecommunications and non-telecommunications businesses for the future. This latest update details recent developments, which point to a Hold rating for KT. The major…
Justin Sullivan I have been neutral to bearish on Microsoft (NASDAQ:MSFT) for nearly a year, largely on the basis of valuation. I am now of the view that this stance was mistaken. It is always possible that my change of heart is a symptom of the continually rising tech sector, but I find it equally…
prill Introduction I wanted to check in on Everspin Technologies (NASDAQ:MRAM) since its share price has come down around 20% since my last article, in which I changed my stance to a hold and said that I would like to see the share price come down to around $7.50 before adding to a position or…
Pauws99/iStock Editorial via Getty Images Note: I previously covered Hafnia (OTCQX:HAFNF). In my last take, I discussed the clean tankers market and the company’s strengths (fleet, balance sheet, and attractive dividends). In today’s analysis, I dissect the last earnings report, update Hafnia’s valuation, and review its rating. Fleet Hafnia owns 116 vessels (10 LR2, 31…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Wharf Real Estate Investment Company Limited (OTCPK:WRFRF) [1997:HK] or Wharf REIC is rated as a Buy. Wharf REIC calls itself “one of the largest real estate companies in Hong Kong” with “flagship properties” like “Harbour City” on its corporate website. Harbour City, Hong Kong’s biggest retail mall, accounted…
HJBC/iStock Editorial via Getty Images Here at the Lab, we like utility companies, and our team recently upgraded Enel and E.ON. Today, we are back to comment on Engie (OTCPK:ENGIY). On the French player, we were in a Wait-and-See mode, and as reported in our last analysis, we were expecting a reassuring outlook and a…
CuorerouC/iStock Editorial via Getty Images Since early March 2022, our team has had a long-standing buy rating on Ferrari (NYSE:NYSE:RACE). With a publication called Ferrari To RACE Again, we recorded a triple-digit stock price appreciation (Fig 1). In 2024, we were also expecting an Outperformance, but we believe the company’s valuation isn’t attractive. While we…
Monty Rakusen Dear readers/followers, If you’ve followed my work to any extent over the past few years, you know that I’m a big investor in many areas that other investors shun – one of them is cyclical commodities, including metals – both precious and semi-precious. Copper is one of them. I invest both In European…
scalatore1959/iStock via Getty Images Overview I previously covered Hercules Capital (NYSE:HTGC) back in August of 2023. Since then, HTGC has delivered a total return of over 13% due to the consistent NII (net investment income) growth and high dividend distributions. The price has run up over the last 6 months and now the dividend yield…
Anne Czichos AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking up the pieces from these sellers at T’s long-term lows….
JHVEPhoto Shares of Chubb (NYSE:CB) have been a solid performer over the past year, rising 36%, and currently sitting near an all-time high as strong underwriting and elevated rates have combined to support strong profitability. Since rating shares a strong buy in October, shares have largely kept pace with the market rally, returning about 20%….
LunaKate Bank of America (NYSE:BAC)’s shares have rallied 10% so far in FY 2024 on expectations that the Federal Reserve will delay its rate pivot and not push for a lower federal fund rates in the very short term. The change in the Fed’s tightening policy obviously benefits large Wall Street banks like Bank of…
Andreas Rentz/Getty Images News Dear subscribers, I’ve been covering luxury companies, specifically Louis Vuitton (OTCPK:LVMUY) for some time. However, my upside in LVMH is realized for the time being and I do not view the French giant as a company in any attractive sort of valuation position. It’s very different from another luxury company –…
Ultima_Gaina When I initiated my bullish view on Arista Networks (NYSE:ANET) in January 2015, their stock price was only $16.32. Since I published the second piece in June 2023, their stock price has surged by another 94.8%. The company has been gradually appreciated by investors, as evidenced by their rising stock price. They completed the…
your_photo Summary Following my coverage of Box, Inc. (NYSE:BOX) in October 2023, for which I recommended a hold rating as the upside potential was not attractive, this post is to provide an update on my thoughts on the business and stock. Performance wise, the stock was pretty much flattish since my update, but has surged…
ipopba Investment Thesis In simple terms, Dynatrace, Inc. (NYSE:DT) detects issues, optimizes performance, and minimizes downtime for applications. The bull case points to the fact that Dynatrace is highly profitable with 5% of its market cap made up of cash and no debt. However, the bear case here points to the fact that its valuation…
BlackJack3D Overview I previously rated a hold rating for The Cooper Companies (NASDAQ:COO), as I thought the valuation was too high back then, in July 2023. I believe my call was right, as the stock saw a sharp reversion back to its historical trading multiple of 19-22x forward PE, which led to a sharp reversion…
Nastco Main Thesis & Background The purpose of this article is to evaluate the PIMCO Income Strategy Fund (NYSE:PFL) as an investment option at its current market price. PFL is a closed-end fund whose investment objective is to “seek high current income, consistent with the preservation of capital”. I wrote about PFL roughly a year…
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…
Peshkova Shares of biotechnology companies have been lagging behind the S&P 500 Index (SP500). Since we initiated our bullish view on the SPDR S&P Biotech ETF (NYSEARCA:XBI) with a “Buy” rating in December 2022, the S&P 500 Index has surged by a whopping 33.5% while the XBI has only risen by 13.7%. XBI) since we…
Dragon Claws It is a year since the regional banking business was thrown into crisis, and I’m still not a fan of the industry’s prospects. That’s a 2-part situation. I continue to believe that the proverbial “other shoe” is more likely than not to drop, given the changing landscape and top-heaviness of the banking industry….