imantsu Investment Thesis I recommend holding WEG (OTCPK:WEGZY) shares after the 1Q24 results, released on May 2nd. As I mentioned in my coverage initiation report, the company has a stretched valuation and needs great results to justify it. On the positive side, the good performance of long-cycle businesses, together with expense control, helped keep the…
Igor Kutyaev/iStock via Getty Images Dear Partners and Friends: The major indices we track all experienced a strong start to 2024. The market continued to be led by a small handful of tech companies propelling the Nasdaq to Q1 returns of 9.2% and the S&P 500 (SP500, SPX) of 10.4%. Smaller companies lagged once again….
honglouwawa/iStock via Getty Images Shares of Regeneron (NASDAQ:REGN) have held up well despite the first quarter revenue and EPS miss. The stock is up 9% year-to-date, and it is outperforming the biotech benchmark ETFs despite the first quarter miss and the company receiving two complete response letters (‘CRLs’) from the FDA for odronextamab for the…
Over the course of 48 agonising hours, Rishi Sunak saw his Conservative party crushed in elections across England and Wales, culminating in Andy Street’s agonisingly narrow defeat as Tory mayor of the West Midlands. The dark outlook was summed up by the ConservativeHome activists’ website which said: “These elections have only confirmed that the Conservatives…
RomoloTavani Back on October 12, 2023, I called Realty Income (NYSE:O) a strong buy because it had dipped significantly, offering a dividend yield of over 6%, an expected roughly 3% per share CAGR moving forward, and was trading at a 14% discount to its NAV despite historically trading at a premium to NAV. This presented…
DKosig I last wrote about Fastly (NYSE:FSLY) in November, suggesting that the company continued to face demand issues, customer concentration and an unfavorable cost structure. The stock is down close to 50% since then, with Fastly reporting poor results in Q4 2023 and Q1 2024. Fastly’s share price is again approaching levels where it could…
pabst_ell Note: I have covered Transocean Ltd. (NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company. After the close of Monday’s regular session, leading offshore driller Transocean Ltd. or “Transocean” reported underwhelming Q1/2024 results with contract drilling revenues coming in below expectations and bottom line outperformance mostly…
JHVEPhoto/iStock Editorial via Getty Images Intro We last wrote about Pitney Bowes Inc. (NYSE:PBI) in February of 2023 when we rated the freight & logistics company a ‘Hold’. In hindsight (as confirmed by PBI’s technicals below), the ‘Hold’ rating was the right call as shares are basically ‘flat’ since our commentary over fourteen months ago….
SafakOguz Following our last update, “Too Cheap To Ignore,” and an expectation reset in early December 2023, Anglo American (OTCQX:AAUKF, OTCQX:NGLOY) reported its FY 2023 results and the just-released Q1 production report. For our new readers, Anglo-American is one of the world’s most prominent diversified mining players. The company is headquartered in London and listed…
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…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Nomura Holdings, Inc. (NYSE:NMR) [8604:JP] shares are rated as a Buy, My earlier write-up published on February 1, 2024 analyzed Nomura Holdings’ Q3 FY 2024 (YE March 31, 2024) financial performance. I preview NMR’s Q4 FY 2024 financial results and assess the growth outlook for the company’s Americas…
KathyDewar Elevator Pitch My Buy rating for Hitachi, Ltd. (OTCPK:HTHIY) [6501:JP] shares stays unchanged. I wrote about Hitachi’s latest M&A transactions and its carbon neutrality business in my December 27, 2023 write-up. My view is that Hitachi’s upcoming quarterly results release won’t throw up any negative surprises. In the intermediate to long term, the company’s…
pablorebo1984/iStock Editorial via Getty Images Shares of Spanish bank Bankinter (OTCPK:BKIMF)(OTCPK:BKNIY) enjoyed a nice bump this week following strong first quarter results, helping to fuel meaningful year-to-date outperformance versus wider European financials (EUFN). With interest rate spreads and credit quality both remaining resilient given where we are in the cycle, Bankinter continues to report very…
Monty Rakusen Article Thesis ASML Holding N.V. (NASDAQ:ASML) is one of the most important companies in the wider chip industry. The company’s most recent earnings results, reported on Wednesday morning, were uninspiring, however, which caused a steep sell-off. For longer-term investors who believe in the chip story, this share price decline could be a buying…
JHVEPhoto/iStock Editorial via Getty Images Shares of Ally Financial (NYSE:ALLY) jumped 7% on Thursday after reporting strong quarter. This rally added to substantial gains of 43% over the past year for ALLY as credit losses have not been as bad as some feared. Shares have also rallied 44% since I rated them a buy last…
JHVEPhoto In January, I believed that green shoots were clearly visible into 2024 in the case of The Charles Schwab Corporation (NYSE:SCHW). Most prominent were positive deposit inflows, as outflows in this area were the root of all concerns in the spring of 2023 and the quarters that followed. Green shoots materialized further in the…
dani3315/iStock via Getty Images TG Therapeutics Inc. (NASDAQ:TGTX), saw its multiple sclerosis drug BRIUMVI approved by the FDA at the end of 2022 and the launch began in January 2023. There was no shortage of results in the same year, and new partnerships were consolidated for marketing outside the US. Based on the results achieved…
helen89 For the last several years, I’ve been constructive on CVS Health Corporation (NYSE:CVS). In my most recent article, published on November 28, 2023, I encouraged investors to “play the long” game. A Brief History Lesson No later than 2016, ex-CEO Larry Merlo recognized the corner drug store business wasn’t going to age well. So,…
AndrewJohnson/E+ via Getty Images The municipal bond market needs more attention from investors in a world where everyone is seemingly YOLOing into equities. If you agree, the Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) may be worth considering, as it’s a part of the muni market most wouldn’t necessarily consider. BAB is an exchange-traded fund, or…
Tony Anderson The Scotts Miracle-Gro Company (NYSE:SMG) (“Scotts”) is at a turning point, navigating through a turbulent period. While Scotts is trending in the right direction, its stock price seems to have gone much further ahead than the actual business recovery. Since February 7, 2024, when the 2024 Q1 financial results were released, Scotts’ stock…
JHVEPhoto Shares have Lowe’s (NYSE:LOW) have been a reasonable performer over the past year, gaining 19%, as the housing market has withstood pressures from higher rates better than many investors may have feared. Since recommending shares as a buy in October, Lowe’s has rallied by over 31%, ahead of the market’s 26% gain. Shares have…
1001slide Note: I previously covered Pangaea Logistics Solutions (NASDAQ:PANL). In my previous take on PANL, I pointed out the company’s strengths: its ice-class fleet and port operations and its healthy financials. In today’s article, I discuss the last earnings report and valuation. Shipping investing is tough. Volatility is not optional but guaranteed. The last PANL…
JHVEPhoto Shares of RH (NYSE:RH), formerly known as Restoration Hardware, are up 23% from a year ago, but this hides what a bumpy ride it has been. Shares closed Wednesday about 25% below their 52-week high. After giving encouraging guidance, shares rallied by 8% past $320 Wednesday after hours. Even after this move, shares have…
B4LLS/iStock via Getty Images Introduction I’ve written four articles on SA about Mega Matrix (NYSE:MPU), the latest of which was in November 2022 when I said that Mano was the only NFT game in its alSpace metaverse universe and all signs pointed to a severe lack of interest from players. The company recently pivoted to…
gorodenkoff Elevator Pitch I rate HUYA Inc. (NYSE:HUYA) shares as a Buy. My prior November 15, 2023 write-up reviewed HUYA’s financial performance for the third quarter of last year. The current update analyzes HUYA’s recently announced Q4 2023 financial numbers. I have decided to upgrade my investment rating for HUYA to a Buy. I am…
champc Investment thesis I’ve been following RCM Technologies (NASDAQ:RCMT) closely and I’ve written three articles about the company on SA. The latest of them was in November 2023 and back then I said that the valuation was starting to look stretched despite my expectations that EBITDA for the FY23 would surpass $20 million. I think…
akinbostanci Elevator Pitch Prudential plc (NYSE:PUK) [2378:HK] [PRU:LN] shares are rated as a Hold. I wrote about Prudential’s dividends and the prospects for its Greater China businesses in my December 7, 2023 initiation article. My current write-up focuses on the preview of PUK’s FY 2023 financial results and the company’s 2024 business outlook. Prudential’s shares…
Michael M. Santiago Last April, I placed a “Buy” rating on Philip Morris International (NYSE:PM), saying it had huge opportunity in front of it as it started to derive more and more revenue from higher margin smoke-free products. More recently in November, I said the company was a unique combination of growth and defense. With…
Alistair Berg March 5 ended up being a rather painful day for shareholders of the subscription-driven, web-based retailer known as Stitch Fix (NASDAQ:SFIX). Once a fast-growing player in the online shopping market that was differentiated by its subscription service, the firm has, for the last couple of years, been truly struggling. After announcing financial results…
~UserGI15994093/iStock via Getty Images Since our initiation of coverage, Positive Megatrends & Supportive Capital Allocation Priorities, Prysmian (OTCPK:PRYMF) delivered a >30% total return. Our team has already increased the target price to €43 per share, but after the results for the fiscal year 2023, the company is now > €46 per share. Our supportive equity…
Leila Melhado Introduction In this article, we will be looking at Latin American giant MercadoLibre, Inc.’s (NASDAQ:MELI) recent Q4 earnings release. The fourth quarter typically is the strongest for companies operating in the retail industry. But at least at first glance, the results and the stock price action after the earnings were released might have…
champc Introduction I’ve written three articles on SA about industrial equipment company TerraVest Industries (OTCPK:TRRVF) (TSX:TVK:CA), the latest of which was in August 2023 when I said the Q3 FY23 financial results were disappointing, and that the valuation was starting to look stretched. In my view, the Q1 FY24 financials were strong thanks to recent…
Michael M. Santiago Macy’s (NYSE:M) shares have been a material underperformer over the past year, losing about 9% of their value. Retailers were overly optimistic about consumer spending in H2 2022, leading to excess inventory and significant margin compression. However, many of these pressures have faded, and since recommending shares as a buy in November,…
JulPo Introduction You’re reading my 7th article on Hudson Technologies, Inc. (NASDAQ:HDSN) here on Seeking Alpha. The company, with a current market capitalization of ~$681 million, is up 270% since I started covering it (compared to the S&P 500 Index, which is up 7.81% over the same period), making it one of my most successful…
insagostudio Post-4Q2023 earnings, there’s been no less than eight S.A. articles published about Energy Transfer Partners (NYSE:ET). I last wrote about the company six months ago, so along with S.A. colleagues, I thought it’s time to weigh-in with my take on the current state. In this article, I elected to focus primarily upon fact-checking how…
Lemon_tm/iStock via Getty Images Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well…
SOPA Images/LightRocket via Getty Images Elevator Pitch I continue to assign a Buy investment rating to Envestnet (NYSE:ENV) shares. My previous November 21, 2023 write-up drew attention to ENV’s favorable corporate developments. I assess Envestnet’s most recent quarterly financial performance with this latest article. Envestnet recorded an impressive +23% bottom line beat for Q4 2023….
Patrick Jennings/iStock via Getty Images I first covered Federal Agricultural Mortgage Corporation, also known as Farmer Mac (NYSE:AGM) several months ago in an article titled Farmer Mac: A Lot To Like About It where I referred to this company as a great dividend growth stock. Since my last article, the company announced quarterly results twice,…
SimonSkafar Author’s Note: Since Keyera Corp. is reporting in Canadian Dollars, all numbers refer to Canadian Dollars (unless stated otherwise). Introduction I have written twice about Keyera Corp. (OTCPK:KEYUF)(TSX:KEY:CA). The first article was published on November 22, 2022, and the second on May 22, 2023. I expressed a neutral rating on Keyera both times. In…
Rio Tinto Group (NYSE:RIO) 2023Full Year Results Earnings Conference Call February 21, 2024 3:00 AM ET Company Participants Menno Sanderse – Investor Relations Jakob Stausholm – Chief Executive Officer Peter Cunningham – Chief Financial Officer Conference Call Participants Richard Hatch – Berenberg Paul Young – Goldman Sachs Kaan Peker – RBC Jason Fairclough – Bank…
Scott Olson Investment Thesis Hershey (NYSE:HSY) had what can only be considered to be a solid 2023 with great topline and bottom-line growth, illustrating the pricing power generated by the firm’s iconic selection of branded products. The coming fiscal year presents the firm with some real challenges compared to 2023, with higher cocoa prices, potential…
Popartic/iStock via Getty Images When I first covered Malibu Boats (NASDAQ:MBUU) in September, I pointed out that the next two quarters might be rough for Malibu Boats, but the market already seemed to have that priced in as a near certainty. That’s basically how things have played out. Year-over-year earnings dropped nearly 38% despite a…
SOPA Images/LightRocket via Getty Images Elevator Pitch My rating for South32 Limited (OTCPK:SOUHY) [S32:AU] is a Hold. With my prior update written on September 15, 2023, I touched on SOUHY’s distribution of excess capital to shareholders and the restructuring of the company’s portfolio. I turn my attention to South32’s latest 1H FY 2024 (YE June…
Diy13 On Wednesday, February 14, 2024, Energy Transfer LP (NYSE:ET), one of the largest midstream master limited partnerships (“MLPs”) in the United States, announced its fourth-quarter 2023 earnings results. At first glance, the company’s earnings results appear somewhat mixed, as Energy Transfer missed the expectations of its analysts in terms of top-line revenue, although it…
Scott Olson Above: Constant promotion is endemic to the sector–but DraftKings Inc. (NASDAQ:DKNG) has gotten discipline and is moving toward a smarter allocation of marketing assets. DKNG reported Q4 2023 earnings yesterday—what counts Price at writing: $44.16. Pre close $42.59 Q4 2023 revenue: $1.231b up $376m, 44% y/y 2022. Total 2023 revenue: $3.665b Net loss…
Andrii Yalanskyi Kimball Electronics’ (NASDAQ:KE) Q2 Results missed analyst expectations, and the stock has significant risks related to its momentum and revisions at this time. Over the long term, I believe returns from the shares could be quite good. However, the potential for short-term downside is enough to stop me from making an investment. Operations…
AlexandrBognat/iStock via Getty Images Elevator Pitch I have a Buy investment rating for BYD Electronic (International) Company Limited (OTCPK:BYDIF) (OTCPK:BYDIY) [285:HK]. Previously, I touched on the risk relating to the company’s customer concentration, and BYDIF’s efforts to diversify its client mix in my June 1, 2020 article. In its 1H 2023 interim report, BYD Electronic…
Anton Petrus/Moment via Getty Images Altria (NYSE:MO) is a “Dividend King” and there are only about 55 companies that currently qualify for this title. To make this list, a company needs to have at least 50 years of consecutive dividend increases. Altria has a 54-year history of consecutive dividend increases. The company has been able…
Bloomberg/Bloomberg via Getty Images Carlsberg (OTCPK:CABGY)(OTCPK:CABJF) stock has been on a tough run since I last covered the company in May. Shares of the Danish brewer have delivered a negative 18% total return in that time, significantly underperforming peers Heineken (OTCQX:HEINY)(OTCQX:HINKF) and Anheuser-Busch InBev (BUD) as well as global staples more generally. Data by YCharts…
Emanuele Cremaschi/Getty Images News Italian bank UniCredit (OTCPK:UNCRY)(OTCPK:UNCFF) has continued on its upward march since I opened on the name with a Buy rating in October, with the ADSs delivering a circa 27% total return in that time amid significant outperformance against wider European financials. Data by YCharts Much of that outperformance came immediately following…