Gary Yeowell Zions Bancorporation (NASDAQ:ZION) has just released its 1Q24 earnings report, and we think the results speak well for the improving trends of the bank we wrote about last quarter. Pre-provision net revenue beat market expectations slightly due to higher net interest margin and lower expenses. Steady loan growth was recorded, but deposits fell…
robertharding/DigitalVision via Getty Images The iShares MSCI France ETF (NYSEARCA:EWQ) tracks the MSCI France Index and provides exposure to one of the largest economies in Europe. France benefits from its strategic location at the heart of Western Europe and strong global trade relationships. It has deep economic integration with other major European Union economies like…
Richard Drury By James Knightley Ongoing strength means a June rate cut looks unlikely The US economy continues to show remarkable resilience in the face of high borrowing costs, tight credit conditions and a weak external backdrop. It appears on course to grow at a 2.5% annualised rate in the first quarter. We already know…
SmileStudioAP Investment Thesis Zscaler’s (NASDAQ:ZS) Chief Operating Officer has resigned, effective immediately. Given that Zscaler has succeeded in once again reigniting its traction and revenue growth rates, I declare that investors should look beyond this resignation as a material detraction from the bull case and instead focus on the company’s underlying prospects. According to my…
MR.Cole_Photographer/Moment via Getty Images The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway’s central bank. Although the market anticipates the beginning of an…
Kenneth Cheung/iStock Unreleased via Getty Images I have previously voiced negative sentiment on Airbnb (NASDAQ:ABNB) stock, as I have been concerned about the company’s valuation, as well as unsustainably high bookings post-COVID. However, six quarters following my initial assessment, I argue in favor of a major rating upgrade for the world’s largest travel company: I…
thodonal/iStock via Getty Images Thesis W. R. Berkley’s (NYSE:WRB) core focus on strong underwriting practices and effective management of social inflation risks positions it as a strong player in the insurance industry. Together with its sensible financial management and favorable response to interest rate environments, the company stands well-appointed to navigate market challenges and sustain…
Michael M. Santiago Stock Snapshot In today’s note, I’ll be revisiting Goldman Sachs Group (NYSE:GS) again since my September rating when I gave it a buy. Since my buy rating, the share price has gone up +16%: GS – price since last rating (Seeking Alpha) For readers who don’t follow this company much, here are…
jetcityimage Investment Thesis Ulta Beauty (NASDAQ:ULTA) stands out as a company with a remarkable historical performance, consistently showcasing robust financial strength year after year. This is not what one would expect from a retail business, which often entails low competitive advantages, narrow margins and revenues closely linked to discretionary consumption. Acknowledging Ulta’s significant position in…
Vanit Janthra/iStock via Getty Images Ethan Allen Interiors (NYSE:ETD) manufactures and sells furnishing and interior design products, with recent initiatives to improve the interior design offering and marketing through a network of design centers. The company has faced significant headwinds due to flooding in Ethan Allen’s Vermont manufacturing plant, as well as an industry that’s…
industryview/iStock via Getty Images Ennis, Inc. (NYSE:EBF) operates within an industry facing decline, yet it distinguishes itself amidst the challenging landscape. Despite the downturn in the commercial printing sector, the company exhibits resilience by leveraging its strong financials. Ennis isn’t positioned as a growth-centric stock; rather, it offers a stable dividend yield and demonstrates potential…
Marcus Lindstrom/iStock via Getty Images Have you heard about Vontier Corporation (NYSE:VNT)? It’s one of those under-the-radar companies that’s been quietly making waves. This year, as the U.S. economy flexed its muscles against rising interest rates, Vontier stood out as a resilient player. I’ve brought this gem to your attention before, suggesting it’s worth keeping…
Winter is coming, and with that means a shifting of demands for power and a reshuffling of power generation capacity. During the coldest months of the year the northern hemisphere receives less direct sunlight and shorter daylight hours, making winter a literal cold season for solar generation. With marked difficulty on infrastructure that is not…
Eric Thayer/Getty Images News Costco: (NASDAQ:COST) reported fourth-quarter earnings per share (EPS) of $4.86, beating analyst expectations by $0.07. Revenue came in at $78.94 billion, also beating expectations by $1.22 billion. Comparable sales increased 1.1% year-over-year, excluding gas and foreign exchange effects. However, comparable sales in the United States were flat, as gas deflation and…
The price of Bitcoin (BTC), the world’s largest digital asset, plummeted as much as 9% today, briefly trading at under $25,000. The largest cryptocurrency by market cap is trading for $26,494 as of this writing, according to CoinGecko. This unexpected and dramatic Bitcoin price decline has re-focused attention on Bitcoin, prompting concerns about its intrinsic…