HeliRy Note: I have covered Imperial Petroleum Inc. (NASDAQ:IMPP, IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Following several quarters of relentless dilution, Greece-based tanker and dry bulk vessel operator Imperial Petroleum reversed course last year and started to buy back common shares in the open…
manley099/E+ via Getty Images BRF S.A. (NYSE:BRFS) is a Brazilian meatpacker specializing in poultry, pork, and processed foods. The company operates globally and owns Brazil’s leading meat-based product brands, Sadia, Perdigao, and Qualy. I recently started covering BRF with a Hold rating. The reason for the Hold was a high EV/cycle-average NOPAT multiple for a…
Kirk Fisher Tesla, Inc. (NASDAQ:TSLA) had a tough start to the year as its shares have depreciated by ~30% YTD as a result of the weak performance of its business that was caused by a tough macro environment and increased competition within the electric vehicle (“EV”) industry. The company’s poor deliveries in Q1 have already…
takasuu/iStock via Getty Images Overview Stronger-than-expected eurozone GDP strengthened the sense that a nascent recovery may be taking hold and has given the euro a bid in the European morning. The dollar (DXY, USDOLLAR), though, is enjoying a firmer tone against the other G10 currencies today. Australia’s unexpected weakness in retail sales has weighed on…
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Factory profits in China have retreated from a two-year high, according to official data, highlighting concerns that industrial overcapacity is complicating Beijing’s efforts to revive momentum in the world’s second-biggest economy. Industrial profits at…
JetBlue EMB-190 lines up at JFK Airport Eliyahu Parypa/iStock Editorial via Getty Images The past nine months have been some of the most difficult any single airline has faced in the history of U.S. aviation. Almost a year ago, American Airlines Group Inc. (AAL) and JetBlue Airways Corporation (NASDAQ:JBLU) saw their Northeast Alliance – NEA…
brightstars A “Buy” rating for Fortitude Gold Corporation This article upgrades the rating on Fortitude Gold Corporation (OTCQB:FTCO) stock to a “Buy” rating from the “Hold” rating in the previous analysis in early December 2023. Retail investors were suggested to remain anchored to gold prices through FTCO as gold prices and FTCO share prices are…
tifonimages It’s been a much better Q2 than Q1 for the Gold Miners Index (GDX) with the price of gold successfully breaking out above the $2,070/oz level and providing a substantial lift to margins for the gold mining industry. And one name that will be a significant beneficiary of the recent gold/copper price strength is…
Robert Way Investment action I recommended a hold rating for Victoria’s Secret (NYSE:VSCO) when I wrote about it the last time (Early Jan 2023), as I saw no improvements in the turnaround situation yet, despite the valuation seemingly pricing in a successful turnaround in the near term. Indeed, VSCO showed no improvements since, and the…
Megapixel8 While 2023 was challenging for US commercial real estate (CRE) investors, we believe that it’s “off the floor in 2024,” with real estate poised to start its price recovery sometime in the second half of the year. Think of it as a chain reaction, which starts with fed fund rate reductions. That should help…
123light/E+ via Getty Images MSP Recovery (NASDAQ:LIFW) has had a turbulent history since its 2022 SPAC merger which initially valued the healthcare claims recovery specialist at $37 billion. A string of disappointing results failed to justify that lofty valuation, and some ongoing legal disputes have driven shares to a nearly catastrophic 90% decline over the…
Sydney James/DigitalVision via Getty Images Investment Thesis McCormick & Company (NYSE:MKC) reported results on the 26th, March, beating on revenues and EPS so the share price jumped over 10%. MKC was founded in 1889 and is a dominant player in selling spices and seasonings to the food industry. They sport a wide moat, however, food…
Thai Liang Lim In the past decade, the OTA (Online Travel Agency) industry has become more concentrated, with two players emerging on top: Booking Holdings Inc. (BKNG) and Expedia Group, Inc. (NASDAQ:EXPE). These OTAs represent a significant portion of the market-some 92% of the US OTA market-and command considerable pricing power with both consumers and…
jetcityimage/iStock Editorial via Getty Images Shares of GE Vernova LLC (NYSE:GEV) have stated trading around the $145 mark upon the spinoff from GE (GE), which itself now largely comprises aerospace activities. This deal is the latest spinoff, after GE Healthcare (GEHC) was spun off from the once almighty conglomerate, which has now been cut in…
BlackJack3D Semiconductors did well in 2024 with the iShares Semiconductor ETF (NASDAQ:SOXX) gaining 33% since I last covered it in July last year. At that time, I had a neutral position mostly because of demand softness, high inventories especially for memory, and Chinese authorities imposing export restrictions on a key ingredient used to make chips….
DNY59 We previously covered Anheuser-Busch InBev SA/NV (BUD) in November 2023, discussing its (still) impacted sales volume in the North American region, with losses intensifying as the management had to provide financial assistance to its wholesalers. Then again, we had maintained our Buy rating, with the management’s successful marketing efforts in other regions contributing to…
RHJ I’ve recently been writing about precious metals more broadly here on Seeking Alpha, and think it’s worth getting a bit more granular on specific commodities like Palladium. As a critical component in automotive catalytic converters, palladium benefits from stringent emission regulations driving demand, especially with the shift towards petrol engines where it’s more effective…
su tim/E+ via Getty Images Huntsman Corporation (NYSE:HUN) is a multinational chemical company that has three segments, Polyurethanes, Performance Products, and Advanced Materials. In 2023, Huntsman’s Polyurethanes business accounted for 63% of segment revenues, performance products accounted for 19%, and advanced materials accounted for 18%. In terms of segment adjusted EBITDA for 2023, polyurethanes accounted…
tadamichi One of my favorite funds to “set and forget”, the RPAR Risk Parity ETF (NYSEARCA:RPAR) has yet to give its scarred investors much of a break. Following a historically terrible 2022 for multi-asset strategies, driven by a back-breaking spike in interest rates, last year was barely better than flat for the risk-parity fund. In…
Frazer Harrison Since the last time I wrote about the Swiss luxury company and Cartier owner Compagnie Financière Richemont (OTCPK:CFRUY) (OTCPK:CFRHF) in November last year, its price is up by 32.5%. At the time I had gone with a Hold rating on the stock based on its weakening performance, especially at actual exchange rates [AER]…
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…
Lisa Maree Williams After stellar earnings, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has surged back towards the recent highs. Oddly, the cruise line stock had dipped again towards $16 despite stellar numbers from peers with signs that 2024 bookings are at record levels. My investment thesis remains Bullish on the stock, though investors should’ve loaded…
krisanapong detraphiphat/Moment via Getty Images Elevator Pitch I leave my existing Buy rating for Newmark Group (NASDAQ:NMRK) unchanged. My prior December 16, 2023, update for NMRK referred to the stock as “an undervalued capital markets recovery play.” The recovery in Newmark’s capital markets business is still in progress, which suggests there is still upside associated…
The Good Brigade/DigitalVision via Getty Images Summary Following my coverage of Mohawk Industries (NYSE:MHK), in which I reiterated my hold rating as I became more pessimistic about the potential of a macro recovery in FY24, this post is to provide an update on my thoughts on the business and stock. While my model shows an…
SrdjanPav/E+ via Getty Images Summary Following my coverage of Tempur Sealy International (NYSE:TPX), in which I reiterated my buy rating as I expected TPX company-specific initiatives to drive position results over the coming quarters, this post is to provide an update on my thoughts on the business and stock. I will continue to stay long…
vitpho/iStock via Getty Images Investors owning bankrupt Yellow Corporation (OTC:YELLQ) which is liquidating in Ch.11, had some great news and also some potentially terrible news over the last few months. The stock is up 150% since my November article. Asset sales were much stronger than expected, but various pension claims, if allowed, may prevent shareholders…
Greenseas/iStock via Getty Images SNDL (NASDAQ:SNDL) at its current US$350 million market cap is likely trading significantly below what it otherwise would have under more normalized capital market conditions. Cannabis tickers have fallen out of favor as base interest rates at 22-year highs have sapped investor risk appetite, and a lack of progress on the…
rarrarorro/iStock via Getty Images The iShares MSCI Israel ETF (NYSEARCA:EIS) caught my eye with a +2.64% rally on Monday, breaking above the July 2023 high. It has now rallied over +34% from its October low and is within +2.4% from exceeding the 2023 high. Relative strength such as this is always worth paying attention to,…
Kena Betancur Overview My recommendation for Best Buy Co., Inc. (NYSE:BBY) is a buy rating. My reason for the buy recommendation is because of the attractive capital return story and the demand recovery in PCs and smartphones in the latter part of this year. I need to highlight that any investment position should be small…
Mario Tama/Getty Images News Boeing (NYSE:BA) stock looks to be in a difficult situation still post-pandemic, but future outlooks are generally positive, with strong EPS growth on the horizon. Nonetheless, recent safety concerns regarding its airplanes create market share risks and a potential effect on short-term revenue. Safety Concerns Boeing has been facing significant challenges…
R.M. Nunes/iStock via Getty Images Vinci Partners (NASDAQ:VINP) is one of Brazil’s leading alternative asset managers. The company manages around BRL 65 billion in assets, a substantial portion of which is dedicated to private or long-term capital commitment strategies. I have followed Vinci since November 2021, and have recommended it in articles in June 2022,…
VasukiRao Fundamentally, 2023 was a poor year for Indian IT services. Revenue growth and profitability both trended in the wrong direction, particularly for the large caps. Still, IT services stocks did end the year higher (on both price level and valuations), suggesting that investors are turning optimistic on the outlook. Top-three Indian IT services company…
lilu_foto In October, I believed that Barnes Group (NYSE:B) was facing heavy turbulence as it announced a very soft set of third quarter earnings results, with the softer operating performance being made worse due to significant leverage incurred with the recently acquired MB aerospace business. Over the past two months, shares of Barnes have seen…
Brandon Bell AT&T Inc. (NYSE:T) investors have endured another steep selloff this week, as T stumbled, following a remarkable recovery since it bottomed out in July 2023. Observant investors should recall that the Wall Street Journal, or WSJ, reported that the Environmental Protection Agency or EPA “requested meetings about their use of lead-sheathed phone cables.”…
The introduction of DeRec aims to unite the Web3 ecosystem and establish new industry standards, ensuring a painless and secure process for digital asset recovery across various wallets. Hedera and Algorand blockchains have joined forces to establish a groundbreaking protocol known as the DeRec Alliance. This new interoperability recovery standard is set to enhance the…
SweetBunFactory After a slight pullback in equities from December highs, the markets appear to be on the cusp of reversing higher. Two sectors are leading this recovery – semiconductors and cybersecurity. These two sectors led the equity markets higher in October, helping to put in a bottom for the indices S&P 500 (SPY) and Nasdaq…
zetter/iStock via Getty Images I have been bullish the iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) since November 2022, and it has risen by over 30% in total return terms over this period. In my last article on the PICK in September I argued that the industrial metals complex appeared to be turning…
Marlon Trottmann The fact that real estate services companies Jones Lang LaSalle (NYSE:JLL) and CBRE Group (CBRE) came close to matching the S&P 500 index (SPY) performance this year, despite the massive headwinds in the industry, shows the power of having a robust business model and a low starting valuation. We believe this is quite…
PeopleImages Twilio Inc. (NYSE:TWLO) investors have witnessed a significant recovery over the past three months since my previous update in September 2023. While my Buy thesis was tested in the market downdraft in October 2023, high-conviction dip-buying returned at TWLO’s October lows. Observant investors familiar with Twilio’s communications platform likely aren’t surprised that TWLO bottomed…
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…
Jan-Schneckenhaus Investment Thesis I wanted to take a look at VeriSign (NASDAQ:VRSN), which is in charge of the two top-level domains on the internet: .com and .net, to see how its financials have looked over the last while and to see if this would be a good time to invest. Unfortunately, even with high margins…
kyoshino Elevator Pitch My rating for Newmark Group (NASDAQ:NMRK) shares stays as a Buy. Earlier, I reaffirmed a Buy rating for Newmark Group with my September 25, 2023 write-up highlighting the key actions that NMRK has taken to attract the best talent and increase top line contribution from recurring sources. NMRK’s stock price surged by…
THEPALMER Investment Thesis BRP Inc. (NASDAQ:DOOO) is an adventure sports vehicle manufacturer based in Valcourt, Canada. Since my last analysis, the stock price has corrected 15%. After analyzing its Q3 FY24 financial performance and its future growth prospects, I am updating my rating to Hold. In this thesis, I will be looking into the company’s…
sturti 8×8 (NASDAQ:EGHT) provides SaaS interface solutions for contact centers and communications with customers such as Acer, Trek, and Kubota, providing voice, video, and chat functionalities. The company has been able to grow revenues consistently in its long-term history but has stopped on its growth track in recent quarters, leaving investors wondering about the company’s…
Justin Sullivan Hasbro (NASDAQ:HAS) is a multinational toy and game company selling products in 35 countries. Hasbro is down 57% from its high of $107.52 in July of 2019. We believe Hasbro is oversold and represents strong recovery potential and a big secure dividend while we wait. Hasbro’s brand portfolio boasts globally recognized brands such…
Iuliia Korniievych /iStock via Getty Images Great Lakes Dredge & Dock (NASDAQ:GLDD) offers dredging services. GLDD posted Q3 FY23 results with a significant drop in revenues. There are some positives and negatives in this quarter. After assessing all the factors, I think GLDD can be risky in the short term. So it would be best…
gorodenkoff The Turtle Beach Corporation (NASDAQ:HEAR) is a leading manufacturer of gaming headsets and accessories. The company had been riding a wave of headset adoption among video gamers, as many games are increasingly collaborative and require players to talk to one-another. The COVID-pandemic turbocharged HEAR’s growth as the company was one of the prime beneficiaries…
iantfoto 3M Company (NYSE:MMM) has performed according to my expectations since my previous update (Hold/Market Perform rating) in early October. I updated 3M investors that the MMM is in a long-term downtrend. As a result, it could turn out to be a value trap if buying sentiments don’t suggest a robust bottom, underpinning the market’s…
Justin Sullivan Shares of Allstate (NYSE:ALL) have been on a meaningful run over the past two months, rising from $110 toward $140, which has brought shares back into positive territory over the past year. This has come amidst hope that pricing increases will finally stabilize results. Management is also considering a divestiture, and Nelson Peltz’s…
OlenaMykhaylova Utilities have been a solid, long-term investment for generations, and many writers, commentators, and investors here on Seeking Alpha and elsewhere are counting on the asset class to recover and resume its positive returns. Many of us hold closed-end funds in the utility/infrastructure sector, with Cohen & Steers Infrastructure (NYSE:UTF) and Reaves Utility Income…