liorpt/iStock Editorial via Getty Images Thesis On Tuesday, May 7, 2024, Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its first quarter-2024 earnings report. When markets opened the next morning the stock price shot up, closing 23.55% higher. The following day saw the price jump again, by another 8.35%. Altogether, the stock price climbed from $59.02 to…
Luis Alvarez flatexDEGIRO (OTCPK:FNNTF) has reported positive earnings growth in the first quarter of the year, showing positive operating trends after a slowdown during the past couple of years. Despite that, its shares continue to trade at a relatively undemanding valuation, making it a good growth play in the European financial sector. As I’ve covered…
Bitcoin U.S. spot ETFs saw a remarkable reversal this week, with a massive $418 million net inflow on Tuesday. This comes after the ETFs experienced 5 straight days of net outflows last week during Bitcoin’s dip below $60,000. NEW: #Bitcoin ETFs saw a $418 million net inflow yesterday following five consecutive days of outflows last…
Feverpitched/iStock via Getty Images The National Association of Realtors or “NAR” just announced a $418 million settlement in a deal that is supposed to “spare” home sellers from automatic commission to the buyer’s agent. This news seemed to get lots of publicity but in reality, I believe it is much ado about nothing. First of…
Nikada Tencent (OTCPK:TCEHY) faces present difficulties from a slowdown in the Chinese economy, but full-year fiscal 2023 results look to close the book on a promising year, indicating the slow return of continued future growth after a troubling 2022. I believe that the stock is presently significantly undervalued based on a long-term horizon, but investors…
metamorworks Cerence (NASDAQ:CRNC) is a leading company in the field of automotive AI assistants. They develop technology that allows drivers to use their voice to control various aspects of their car, such as the navigation system, entertainment system, and climate settings. Their technology is used by many major car manufacturers around the world. Upon its…
golibo In my previous coverage of the leading digital advertising company, Taboola (NASDAQ:TBLA), in June 2023 last year, I shared my buy thesis on how TBLA’s fundamentals and market leadership could pave the way to share price appreciation. Today, my call is proven to be right. TBLA is now trading at $4.36, an almost 50%…
Dragon Claws I perceived a remarkable investment opportunity when long-term yields surpassed 4.5%. I warned last month of a potential significant repricing of bonds as a result of unreasonable rate cuts that had already been priced in. Currently, favorable yields are present, but macro conditions have deteriorated for purchasing due to the following potential threats:…
georgeclerk Pfizer Inc. (NYSE:PFE) has been in a major downtrend since late 2021 as the pandemic boom of Covid vaccinations started to decline. The bears have some valid concerns, but it appears that the negative sentiment has overshot reality. I have a fairly neutral view of the company, but I like the stock itself when…
Vertigo3d Most investors who follow the Healthcare REIT industry know that seniors housing and nursing facilities have been under pressure since 2020 due to the pandemic, and this coupled with higher interest rates have resulted in depressed share prices for many of those REITS. However, I believe this is a case of ‘everyone knows’ as…
Aksana Kavaleuskaya By James Knightley, Chief International Economist ISM services rebounds, but contradictions with official data continue The ISM services index has bounced back nicely in January with the headline index at 53.4 versus 50.5 in December. The consensus was 52.0 with anything above 50 equating to expansion and anything below 50 being a contraction….
Nerthuz By Andrew Prochnow Numerous investors and traders track the CBOE Volatility Index (VIX) to gauge market sentiment in the U.S. stock market. Nonetheless, it could be contended that the U.S. Dollar Index (DXY) holds comparable significance in assessing investor sentiment within the U.S. financial markets. The dollar, after all, is the world’s top reserve…
Aaron Yoder/iStock via Getty Images Winnebago Industries, Inc. (NYSE:WGO) is weathering the post-pandemic storm with the stock price holding steady over the last few years. Despite facing an industry-wide drop in RV sales, the company’s growing market share and a more diversified profile following a string of strategic acquisitions have helped to support overall solid…
ibreakstock/iStock via Getty Images On February 1, 2024, Ceridian HCM Holding Inc. (NYSE:CDAY) will change its ticker symbol to DAY as part of its branding change. The other piece of the rebranding is a name change to Dayforce, which is also the name of its flagship human capital management software. Whatever the name and symbol,…
amgun Introduction With 2023 in the past, many investors are probably wondering how the new year will shape up to be. Will we see a bull market? Or will 2024 be more of the same? I’m honestly looking forward to this year and think stocks will do fairly well, but some sectors may not. One…
Pakin Jarerndee/iStock via Getty Images Investment Thesis The following article reiterates my October 2023 buy rating on the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD), a rare product consistently holding high-quality U.S. stocks with high dividend yields and dividend growth rates. Only a handful of ETFs come close to sharing these qualities, and it’s worth buying…
airdone I know I’ve brought it up a lot lately, but I positively love mortgage REITs (mREITs). They’re easy to understand, fun to analyze, and offer well above market average returns. I also caught a persuasive recent article about how the economic environment is expected to improve for REITs in general. Naturally, I figured it…
adventtr/iStock via Getty Images 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…
Michael Vi Stock Snapshot Heading into the home stretch this holiday shopping season, today’s research note covers a major US retailer, Best Buy Co. (NYSE:BBY). A few quick facts about this stock are that it has +1,000 stores in US and Canada, launched several “teen tech centers” via its non-profit Best Buy Foundation, and besides…
Husam Cakaloglu Back in September, I wrote that I thought that Peloton’s (NASDAQ:PTON) subscription business had value, but that there was no immediate catalyst on the horizon. The stock has rallied over 35% since, then. My first write-up on the name was back in March, when I said the stock price needed to be lower…
GOCMEN/iStock via Getty Images Find a job you enjoy doing, and you will never have to work a day in your life.”― Mark Twain. Shares of temp worker service TrueBlue, Inc. (NYSE:TBI) have started to bounce off a 13-year lows even as the company’s top line has been in steady decline since 2016. A new…
champc Where are we in the business cycle? Within my previous deep-dive on the state of the US economy, my overriding thesis was although economic resilience has been the theme of 2023, we were likely to see a slow but steady deterioration in hard economic data as we approached the end of 2023 and entered…
Natee127 My previous article on Cumulus (NASDAQ:CMLS) focused on its radio assets and balance sheet. At the market price of $5.00/share at the time of this writing, I still contend CMLS is undervalued on the argument of its balance sheet and underlying assets alone; however, there is an actual business that operates those assets and…
Torsten Asmus By Fawad Razaqzada In sharp contrast to other European and US indices, the UK’s FTSE has spent much of November in consolidation mode, keeping inside the range from the month before. However, the German DAX index was up again today, rising some +0.85% to lead European indices, reaching its best level since August….
Phiromya Intawongpan The Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) invests in the 101st to the 200th largest companies listed on the NASDAQ exchange. By this measure, we look at QQQJ as the junior fund next to the more high-profile Invesco QQQ Trust (QQQ) with a distinct exposure more towards mid-caps. A major theme in…
scyther5/iStock via Getty Images Agree Realty Corporation (NYSE:ADC) has demonstrated a period of significant investment and development, channeling resources into a substantial number of retail net lease properties and completing several projects through its Developer Funding Platform (DFP). Despite a dip in net income per share, the company’s financial health is underscored by growth in…
DNY59 Defying the skeptics all year long, consumers continued to power the ongoing expansion, as economic growth in the third quarter soared at an annualized 4.9%. Yet that did not drive interest rates higher, as the consensus might have anticipated because inflation data in the report was better than expected. As a result, bond yields…
FabrikaCr/iStock via Getty Images When looking at IAC (NASDAQ:IAC), it is best to look at its individual businesses and holdings, which for the most past have been struggling. MGM Resorts International (MGM) IAC owns 64.7 million shares of casino operator MGM. It spent just over $1.2 billion acquiring its stake in the company, with the…
dima_zel/iStock via Getty Images Overview The ARK Space Exploration & Innovation ETF (BATS:ARKX) aims to capture investment opportunities centered around the theme of space exploration and associated technologies. This includes companies involved in orbital aerospace, which refers to companies that launch, make, service, or operate platforms in the orbital space such as satellites or spacecraft….
Bruce Bennett In February, I placed a “Sell” rating on Best Buy (NYSE:BBY), saying its Q4 guidance looked aggressive. Its Q4 results were better than I expected, but weak guidance sent the shares lower, and I moved my rating up to “Hold” given a lack of downside catalysts and BBY’s strong capital allocation policies. The…
Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics. Amidst a global shift in economic outlook triggered by the BRICS alliance, Bitcoin (BTC) has been identified as a crucial instrument to hedge against high…
FredFroese /iStock via Getty Images We reiterate our buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) aka TSMC. While the slower-than-expected Chinese recovery and macro headwinds pressuring end demand momentum continue, we think the TSMC stock has now priced in the negatives; the stock has underperformed the S&P 500 (SP500) slightly since our cautious…
francisblack It’s been a tough four-month stretch for the Gold Miners Index (GDX), with the sector reverting from a brief period of outperformance vs. the S&P 500 (SPY) with a double-digit year-to-date gain to a negative year-to-date return, with several developers down over 30% year-to-date. Fortunately, the royalty/streaming names have provided somewhat of a sanctuary…
Anthony Bradshaw A Hold Rating for U.S. GoldMining Inc. In this analysis, we recommend holding U.S. GoldMining Inc. (NASDAQ:USGO) shares which is a US gold operator that carries out exploration and development activities to open a gold mine in Alaska. The updated rating represents a change from the previous rating of sell. Compared to the…
Christian Petersen CD Projekt (OTCPK:OTGLY) has managed to regain some of their once-golden reputation over the past few years. Rather than abandoning the Cyberpunk 2077 IP altogether, which many had suspected they would, the company has worked tirelessly to iron out the bugs plaguing Cyberpunk 2077. Moreover, CD Projekt’s massive upcoming expansion Phantom Liberty appears…
gremlin Introduction to KNOP KNOT Offshore Partners LP (NYSE:KNOP) is a leading company in the shuttle tanker industry. The company operates 18 shuttle tankers out of global feet of 78. The company is listed in New York with a USD175 million market cap. KNOP form is a master limited partnership (MLP), and its general partner…
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. In a remarkable turnaround, the Nasdaq Composite (INDEXNASDAQ: .IXIC) gained more than 1% on Tuesday. Amidst global concerns about inflation, rising interest rates, and supply chain disruptions, the index managed to reclaim lost ground, providing a glimmer of…
thitivong Original Post By Stuart Burns Buyers who depend on imports for semi-finished materials or finished components will undoubtedly cheer the recent fall in freight rates. Indeed, global logistics costs peaked in late 2022. Now, buyers will soon see relief from the historic highs of the COVID-induced ocean freight-feeding frenzy. Indeed, few will shed a…
Sundry Photography So far this earnings season, despite strong earnings beats most of the stock reactions have been to the downside. Amid persistently high market multiples, Wall Street has expected nothing less than perfection. One rare bright spot is Zillow (NASDAQ:Z), the real estate data site that has crumbled substantially since the housing market cooled…
KathyDewar Hitachi (OTCPK:HTHIY)(OTCPK:HTHIF) is performing pretty well in some segments that we expected to be particularly problematic. In particular there were worries around electronic businesses that face China, which saw order declines a couple of quarters ago. Tech is decelerating, but the worst of it is in lower margin segments which is decent for mix….