cemagraphics An eventful week ended in little net movement – the S&P500 (SPY) closed just +28 points higher. However, the combination of a dovish FOMC and softer labor market readings did help drive a strong Thursday and Friday. The lack of a further rally could simply be a case of stopping the clock on the…
Samuel Corum The FOMC meeting in May may prove to be a pivot point yet again for a Fed that has struggled to find its way over the last few months and, for a time, appeared to lose control of the market and its battle against inflation. However, with three hot CPI prints in a…
Matteo Colombo/DigitalVision via Getty Images By Chris Turner Markets are on high alert Now that USD/JPY has glided through the 155 level, markets are now on high alert for Japanese FX intervention. Recall that 155 had been the level that many in the Japanese banking community had felt would elicit BoJ FX selling operations. That…
Mireya Acierto/DigitalVision via Getty Images Last May, I published an article on tiny home builder Legacy Housing Corp.(NASDAQ:LEGH) wherein I pointed out that the company and the housing industry in general were in the throes of a housing downturn, which appeared to impact even the lower-end of the housing market. Since then, I have not…
Carlos Duarte/iStock via Getty Images Intercorp Financial Services (NYSE:IFS) is a leading provider of financial services in Peru. IFS is a holding company that manages its operations through subsidiaries (Fig 1) with four segments: banking (Interbank), insurance (Interseguro), wealth management (Inteligo Bank), and payments (Izipay). Intercorp Peru controls IFS with a 71.22% equity stake. IFS…
Kutay Tanir MercadoLibre, Inc. (NASDAQ:MELI) is LatAm’s leading e-commerce and fintech platform, with Brazil as its primary growth and profitability driver. The company has continued its bustling post-pandemic growth momentum, capitalizing on a largely untapped TAM, particularly in fintech. MercadoLibre has also successfully fended off incursions from Amazon (AMZN) over the years as it continued…
imaginima GigaCloud: High-Growth B2B E-Commerce Platform Investors in the B2B e-commerce platform GigaCloud Technology Inc. (NASDAQ:GCT) have continued to outperform the S&P 500 (SPX) (SPY), although the journey over the past three months has been highly volatile. In my January GCT article, I encouraged investors to consider a pullback in GCT before pulling the buy…
Mlenny The iShares MSCI Australia ETF (NYSEARCA:EWA) experienced positive performance in 2023, printing +13.98% in returns for 2023. While this could be considered underwhelming when compared to the US and other developed markets, it has some real bright spots; an attractive dividend profile, some diversification characteristics, and offers a niche investment opportunity for the region….
andresr Listen below or on the go on Apple Podcasts and Spotify The core CPI is forecast to dip to 3.7%, with headline CPI steady at 3.1%. (0:20) DoJ reportedly investigating Alaska Airlines door blowout. (2:54) BofA sees gold rising, but at a slower rate. (4:46) The following is an abridged transcript The top story…
MadamLead Biotech stocks have struggled in recent quarters as high interest rates take a toll on the capital-intensive sector. Jared Ablass, Vice President, Portfolio Research at TD Asset Management, speaks with MoneyTalk’s Greg Bonnell about how the sector could benefit once rates start to come down. Transcript Greg Bonnell – Well, equity markets keep reaching…
Bloomberg/Bloomberg via Getty Images One of the riskiest things that investors can do is buy into a company that currently produces no significant amount of revenue. If you don’t have revenue coming in, it’s very difficult to stay afloat. Now if it seems odd that there would be a publicly traded company that has no…
champc When I sat down to write this week’s commentary, my intention was to write – again – about the valuation of the stock market, and particularly the S&P 500. And even more specifically about the top 20 stocks, which make up 42% of the index, and trade for an average forward P/E of 27.5….
da-kuk Russell 2000 Growth Stocks May Outperform the S&P 500 In the Growth sector of the Russell 2000, there is a significant composition of information technology-related stocks. This sector has benefited from favorable technical momentum throughout 2023 despite the historical momentum, maintaining satisfactory fundamental values. This follows current consensus indications, which could be confirmed by…
Kimberly White Amidst a surge in speculative stocks, Robinhood (NASDAQ:HOOD) has seen its stock run up as well. The company appears to be benefitting from a win-win situation: higher interest rates have led to a surge in interest income and profitability, while the prospects for interest rate cuts might lead to increased trading revenues and…
Regarding custody arrangements, the SFC emphasizes that the fund’s trustee or custodian can delegate its crypto custody function solely to an SFC-licensed VATP or entities meeting the crypto custody standards set forth by the HKMA. Hong Kong has announced its readiness to receive applications from traditional financial companies interested in exploring the emerging economy by…
Tashi-Delek/E+ via Getty Images Investment Thesis Hims & Hers (NYSE:HIMS) is a telehealth platform that provides access to healthcare solutions. According to my estimates, HIMS is priced at 30x its 2025 free cash flow. What’s more, the business has no debt. There is a share repurchase program, but this is not a needle mover on…
Kameleon007 The period since February 2021 was brutal for biotech investors. The SPDR S&P Biotech ETF (NYSEARCA:XBI) topped and declined 65% from the peak that month to a trough in May 2022. The recovery since that low was not at all impressive and XBI went down to retest the lows in October of 2023. Several…
ANNVIPS Investment Thesis Builders FirstSource (NYSE:BLDR) reported earnings for a challenging period. However, the key takeaway is that 2023 is nearly behind us. Looking forward to mid-2024, comparisons with this year will be crucial for Builders’ prospects. At 7x next year’s free cash flows, the business is very attractively priced. While acknowledging the investment thesis…
traveler1116 Who would have believed we would be in the position we are in December 2023? But, here we are. Real GDP grew by 3.00 percent, year-over-year. Price inflation has slowly fallen. The stock market seems to be poised to move higher. And, the Federal Reserve continues to follow on with its policy of quantitative…
RomoloTavani AbbVie Inc. (NYSE:ABBV) investors must wonder what it must take for market participants to move past the company’s Humira headwinds to focus on its ex-Humira growth products instead. Therefore, I’m pleasantly surprised with the announcement earlier today that AbbVie will acquire Immunogen (IMGN) for about $10B in cash. AbbVie will pay a price of…
Traditionally, creating an n-of-n multisig using CHECKMULTISIG means you’ll publish a proportional number of signatures and public keys on the blockchain to signers in the transaction. This approach not only reveals the total number of participants in the transaction, but also incurs progressively higher transaction fees as the number of signers grow. MuSig, on the…
XH4D By Mobeen Tahir and Christopher Gannatti, CFA The Jetsons, a beloved animated series from the 1960s, captured the imagination of audiences with its futuristic vision of a world filled with flying cars, robotic helpers and space-age technology. One of the most iconic elements of the show was the flying car, which symbolized humanity’s enduring…
cemagraphics Another inside week traded in the S&P 500 (SPY) as the sideways range continued and contracted. This is frustrating action but can’t continue indefinitely and we should see range expansion this week. The question is, which way will it break? Last week’s article highlighted the bias for a break lower past 4430. Obviously, this…
Early April 2020 was a grim time for many companies. But American Express chief executive Steve Squeri found himself facing particularly worrying circumstances. Credit card billings had tumbled by 50 per cent, the company feared as much as $11.5bn in loans and credit card debt was at risk of default, and Covid-related lockdowns had devastated…
LordHenriVoton There will be a lot of market-moving news this week This week has a lot of known unknowns to be discovered, Does the strident leader of the UAW strike all three unionized car makers this week? Will the CPI and PPI beat estimates on lower inflation (Just meeting estimates won’t be good enough)? Will…
David Becker Investment thesis My first two calls about Advanced Micro Devices, Inc. (NASDAQ:AMD) stock worked well, outperforming the broader market since the articles went live. Seeking Alpha The stock significantly underperformed Nvidia (NVDA) this year, but that means that the valuation is still very attractive despite a year-to-date rally. The first half of 2023…
Ready for kickoff The NFL season will begin tonight with the defending Super Bowl champion Kansas City Chiefs playing the Detroit Lions at 8:20 PM ET. It will be front and center for the sports betting industry, which will continue to watch pro football matchups until the Super Bowl in Las Vegas on February 11,…
cemagraphics Two weeks have passed since my last article, and the key level of 4325 highlighted back then should have kept readers on the right side of the S&P 500’s (SP500) recent rally. Given the recovery and the strong end to August, the focus is now on whether we can look for direct new highs…
Drew Angerer According to this news report from Seeking Alpha, Virgin Galactic (NYSE:SPCE) “is down 27% on a year-to-date basis amid a heightened focus on profitability”. It boggles my mind that as early as 2022 this company was trading at a high of $8 – $10. Virgin Galactic is not the type of company investors…
Justin Sullivan By Breakingviews Alphabet (GOOG, GOOGL) is poised to welcome the autumn harvest. Ruth Porat, the web search giant’s chief financial officer and a former technology investment banker at Morgan Stanley, will move into a new role next month that includes overseeing “other bets,” an eclectic collection of experimental projects. It’s a good time…
MarsYu There seem to be three large forces shaping the investment climate. First is the resilience of the US economy, with four consecutive quarters of above trend growth. It appears that the US economy may be expanding faster than the 2.4% annualized pace seen in Q2. Many of the largest naysayers have capitulated. Second, the…