Emil Sandberg/iStock Editorial via Getty Images In October 2023, I issued a buy rating for Norwegian Air shuttle ASA and the stock has climbed around 70 percent ever since compared to broader market returns of 20%. However, since my last report published in February this year, the stock price has modestly declined on a positive…
PM Images Written by Nick Ackerman, co-produced by Stanford Chemist. The Gabelli Dividend & Income Trust (NYSE:GDV) is a closed-end fund that provides investors with a diversified portfolio of equities. The fund has a mostly value-oriented approach, with financials and healthcare as its largest sector exposure. However, you will still see a couple of mega-cap…
Kapook2981/iStock via Getty Images Southeast Asian stocks have, perhaps rightly, been repriced lower following a series of ‘sticky’ inflation reports out of the US and globally. The rationale being that this not only raises the risk of delayed rate cuts by the Fed but, by virtue of the Fed-dependent reaction functions of Asian central banks,…
Tippapatt Introduction & Investment Thesis Doximity (NYSE:DOCS) is a cloud platform for US medical professionals that has severely underperformed the S&P 500 and Nasdaq 100 YTD. I initiated a “hold” rating on the stock on January 16, and it predicated on my belief that the company was seeing its revenue growth slow, despite displaying financial…
Sean Anthony Eddy/E+ via Getty Images Roche (OTCQX:RHHBY)(OTCQX:RHHBF)(OTCPK:RHHVF) still has good long-term prospects since the last time I wrote an article about it. This was with respect to an article entitled “Roche, With Ocrevus And Fenebrutinib Advancement, Should Be Top MS Contender”. In this article, I noted that this company had good long-term value with…
Colin Anderson Productions pty ltd/DigitalVision via Getty Images By William J. Luther Inflation is once again on the decline, new data from the Bureau of Economic Analysis (BEA) show. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 3.9 percent…
Darren415 By James Knightley Higher inflation catches the markets’ eye, rather than weaker growth US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core…
JHVEPhoto Aritzia’s business fundamentals have improved since my previous analysis in March 2023 and its 2027 expansion plan is being well executed so far. I will evaluate in more details below how Aritzia has performed financially and in each of Aritzia’s core strategies in the past year. However, Aritzia’s valuation has declined significantly by over…
grandriver/E+ via Getty Images We previously covered Daqo New Energy (NYSE:NYSE:DQ) in December 2023, discussing why we maintained our Hold rating on the stock, with China’s accelerating solar panel installation likely to be negated by the stalling demand in the US and EU over the next few quarters. While the stock might be rerated closer…
We Are The ADBE Investment Thesis Is Even More Attractive After The Recent Pullback Adobe (NASDAQ:NASDAQ:ADBE) along with Autodesk (ADSK) are two stocks that does not require an introduction indeed, given that I am a licensed architect with nearly two decades of cumulative education and experience. With ADBE offering a well diversified SaaS offerings across…
Martin Barraud Written by Nick Ackerman, co-produced by Stanford Chemist. The last time I touched on Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) was to discuss why I had added to my position. The primary driver was that the fund looked relatively attractive in terms of its relative discount being wider than its historical…
Bim In early 2021, I recommended buying PetroChina (OTCPK:PCCYF) for its cheap valuation, its high dividend yield and my expectations for higher oil prices. Since my article, the stock has vastly outperformed the S&P 500, as it has rallied 210% whereas the index has gained only 32%. The outperformance becomes even greater if the dividends…
Justin Paget/DigitalVision via Getty Images Introduction Last year, I started covering Zoetis Inc. (NYSE:ZTS), the animal health-focused healthcare giant. My most recent article on this stock was written on January 10, when I went with the title “Animal Kingdom’s Ally: Zoetis And Its Path To 10%+ Returns.” Here’s a part of my takeaway back then:…
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…
serengeti130 Introduction It’s time to discuss a company I believe is one of the most underappreciated dividend growth stocks. That company is Huntington Ingalls Industries, Inc. (NYSE:HII), one of the largest defense constructors in the United States and the backbone of the Navy. I held the company for a while in my dividend growth portfolio…
tampatra/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is a fund focused on “next-generation mobile network connectivity and technology.” Thanks to its heavy tilt toward technology companies, the fund performed quite well in 2023, and 2024 is also looking quite promising. At the…
Richard Darko/iStock via Getty Images Introduction Many may be wondering how well BDCs will fare in 2024, with rates still expected to decline. I am a big believer in the sector and think they are more than just high interest rate environment investments. With the banking crisis roughly a year ago causing tighter lending standards,…
DKosig Written by Nick Ackerman, co-produced by Stanford Chemist. BNY Mellon High Yield Strategies Fund (NYSE:DHF) is a diversified, high-yield-focused closed-end fund. In our prior coverage, we compared the fund to the Credit Suisse High Yield Bond Fund (DHY), given its many similarities. We noted that DHF looked like the better value and had stronger…
Igors Aleksejevs/iStock via Getty Images Note: I previously covered Tidewater (NYSE:TDW). In my previous take on TDW, I pointed out the looming deficit of OSVs caused by limited supply and rising demand presented TDW as the best way to play that theme. Since then, the stock has increased by 30%. In this article, I discuss…
syahrir maulana 2024 has been a year of return dispersion among various US small-cap ETFs. The Vanguard Small-Cap Index ETF (VB) has performed the best, up 5% in YTD total return through intraday price action on Friday, March 22. The Russell 2000 Small-Cap ETF (IWM) is higher by nearly 3%. Flat on the year, however,…
Ethan Miller Note: I have covered VOXX International Corporation (NASDAQ:VOXX) previously, so investors should view this as an update to my earlier articles on the company. Leading automotive and consumer electronics products manufacturer and distributor VOXX International Corporation or “VOXX International” continues to operate in a challenging business environment as once again evidenced by the…
HAYKIRDI Clearly Mr. Market did not expect the latest results from Chart Industries (NYSE:GTLS) as shown by the reaction to the fourth quarter report. Shown below is the reaction of the market to the earnings report. Chart Industries Common Stock Price History And Key Valuation Measures (Seeking Alpha Website February 28, 2024) The market has…
Anchiy/E+ via Getty Images Summary Following my coverage of Life Time Group Holdings (NYSE:LTH), for which I recommended a buy rating as I believed the fundamentals were actually improving, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for LTH despite the lower growth…
DNY59 Investment Thesis For the second straight time, the Pacer US Cash Cows 100 ETF (BATS:COWZ) substituted nearly two dozen holdings in its 100-stock portfolio during its scheduled quarterly rebalancing process. One of the most significant changes was a 5% reduction in Energy exposure, down from 28% previously, which I listed as a key reason…
LumiNola Investment action I recommended a buy rating for Clarivate Plc (NYSE:CLVT) when I wrote about it the last time, as the business has turned its organic growth around to positive territory, and there are tailwinds that I expected would drive organic growth even higher. Based on my current outlook and analysis, I recommend a…
AdShooter/E+ via Getty Images Introduction It’s time to talk about one of the victims of elevated inflation. That company is Conagra Brands, Inc. (NYSE:CAG), a packaged foods giant I started to like a lot last year. My most recent article on this stock was written on November 20, when I went with the title “Why…
castillodominici In an article called ‘the seed is planted, now watch returns grow’, the case was made Celanese (NYSE:CE) would grow returns after the acquisition of DuPont’s (DD) Mobility and Materials (M&M) and division. Against the backdrop of a challenging market environment, this acquisition did not yet bring what many hoped for. Or, as Robbert…
triloks/iStock via Getty Images Few equity markets have performed anywhere near as well in India in recent years – and for good reason. The country saw some very impressive economic growth numbers yet again (even by its standards), with real GDP surging to +8.4% YoY through Q4 2023 and prior quarters’ growth revised higher in…
malerapaso We previously covered Realty Income (NYSE:O) in November 2023, discussing why it remained a Buy, with the SRC deal projected to be AFFO accretive without having to rely on expensive debt financing as the management continued to deliver competent growth during an uncertain macroeconomic outlook. We believed that the pessimism embedded in the stock…
hernan4429 Salesforce (NYSE:CRM)’s shares have increased 70% in the last year as the company executed well against its growth strategy, announced aggressive stock buybacks and targeted an improved free cash flow profile. The cloud-based software company also released a very solid earnings report for Q4 last week, which easily beat top and bottom line estimates….
imagewerks Thesis In my previous article (released before Q3 2023 reported in November 1) about Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), I explained how Norwegian was still undervalued despite a 20% dilution, in which case the stock’s future price for 2028 would be $47.43 and if there was no dilution, the future price would be…
JHVEPhoto Hancock Whitney (NASDAQ:HWC) has been a relatively quiet performer since my last update in the summer, with shares of this Southeastern lender underperforming regional bank peers to varying degrees depending on which index you use. Data by YCharts Alongside its peer group, Hancock was staring fund cost headwinds square in the face the last…
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:…
Believe_In_Me As I am writing, the first race of the 2024 F1 season, the Bahrain Grand Prix, is only days away (the race will be held on Saturday, March 2nd instead of the usual Sunday due to the start of the Islamic holy month of Ramadan on March 10th and the need to have no…
Thomas Barwick In September 2023, I put a buy rating on OMAB stock and while I do believe airport stocks do offer compelling investments capitalizing on long-term trends in the air travel markets, the stock lost around 20% of its value. The decline in stock prices was driven by regulatory changes to the tariff rules…
PM Images Over the previous year, shares of Omega Healthcare Investors (NYSE:OHI) reached $34.77 in October before retracing roughly -19.5% to the $28 level going into Q4 2023 earnings. While the past decade has been full of ups and downs as shares traded above $40 and under $25, they have ultimately declined by -1.94%. The…
Frank Armstrong/iStock via Getty Images We previously covered Citigroup Inc. (NYSE:C) in October 2023, discussing its crown jewel’s promising performance, TTS, with it being the fastest-growing business, well exceeding the previous Investor Day revenue CAGR target of high single digits. While this outperformance had yet to be translated to its bottom line as it also…
KangeStudio Earnings of Amalgamated Financial Corp. (NASDAQ:AMAL) will likely increase this year on the back of loan growth and slight margin expansion. I’m expecting the company to report earnings of $3.11 per share, up 8.9% year-over-year. The year-end target price suggests a moderate upside from the current market price. As a result, I’m maintaining a…
MarioGuti Shares of Banco Santander (NYSE:SAN) have underwhelmed since I last covered the Spanish multinational banking giant in October. The ADSs have delivered a circa 9% total return in that time, roughly matching domestic-oriented peer CaixaBank (OTCPK:CAIXY)(OTCPK:CIXPF) but trailing similarly Spanish/LatAm-focused BBVA (BBVA) as well as European financials (EUFN) more generally. Data by YCharts I…
Anne Czichos Dear readers/followers, As I made abundantly clear in my last article on Munich RE (OTCPK:MURGY) I’ve made a very hefty profit with my investment in Munich RE that I have covered over the course of over a year now. Some readers have commented, or also sent private messages, that I might have sold…
Justin Sullivan Alpine Income Property Trust (NYSE:PINE) announced its results for the last quarter and full year of 2023 last week. The company posted flat revenues of $11.58 million for the quarter (down 0.1% YoY) while analysts were expecting it to have generated $11.61 million, and it posted FFO (funds from operations) of 38 cents…
VCG/Visual China Group via Getty Images Luckin Coffee (OTCPK:LKNCY) is a Chinese coffee chain founded in 2017 with a digital-first business model that had been rapidly growing to overtake Starbucks (SBUX) before accounting fraud issues led to bankruptcy. Since 2022, they have been rebuilding trust under new management. So far, things have been looking relatively…
temizyurek Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Sandvik’s (OTCPK:SDVKY) share price was undervalued given the order strength reported in 1Q23 and the performance in its mining business back then. I am reiterating my buy rating for SDVKY as I believe the medium-to-long-term…
damircudic Founded back in 1935, Webster Financial Corporation (NYSE:WBS) operates as a bank holding company and is headquartered in Stamford, Connecticut. Far from its all-time high of $65 per share, it is gradually making up for lost ground. However, in Q4 2023 it failed to meet analysts’ expectations in terms of EPS and revenue: Q4…
VioletaStoimenova/E+ via Getty Images MoneyLion (NYSE:ML) has turned adjusted EBITDA and free cash flow positive and looks poised to continue its recent operational moment. Company Profile ML is a financial product and services company for both consumers and enterprises. On the consumer side, the company offers a suite of services through its free-to-download app. Among…
Nicolas Micolani Overview My recommendation for Constellation Brands (NYSE:STZ) is a buy rating as the beer segment performance continues to remain solid. I expect this performance to continue through FY25, with a possible chance of outperforming guidance in 4Q24 given the easy comp in 4Q23. Importantly, management has reset expectations for its Wine & Spirits…
xavierarnau By Andrea Deghi, Financial Sector Expert, Global Financial Stability Analysis Division, IMF’s Monetary and Capital Markets Department; Fabio M. Natalucci, Deputy Director, Monetary and Capital Markets Department; and Mahvash S. Qureshi, Assistant Director and Division Chief, IMF’s Monetary and Capital Markets Department The commercial real estate sector has been under intense pressure globally as…
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,…
Wirestock Dear readers/followers, Banco Santander, S.A. (NYSE:SAN) is a company that I remain invested in at a mid-level. Since my last few articles on the company, this bank has posted a very solid performance that also has seen its valuation climb quite a bit – and, since my last article, the company has outperformed by…
Delmaine Donson Reaffirming The Investment Thesis In my previous and first article about Franklin Covey (NYSE:FC), I discussed why I was bullish on the company. Since then the stock has underperformed the S&P 500 by roughly 8% and the company reported earnings twice. Before we dive into the quarterly results, let me first reaffirm my…