Bjoern Wylezich Shares of Air Products and Chemicals (NYSE:APD) have been a disappointing performer over the past year, over concerns about the capital intensity of its growth projects, alongside mixed results, though we did see an improvement in operating performance last quarter. I last covered Air Products in November, rating shares a buy, and unfortunately…
Drs Producoes In my Q2 market cycle update last month, I argued that the cycle—defined primarily as momentum in corporate earnings per share and cyclical commodities—was reigniting and that small caps and precious metals with industrial utilities (e.g., platinum and silver) were some good places to take advantage of such an upswing. I think grains—corn,…
Monty Rakusen/DigitalVision via Getty Images Since I wrote about China’s automotive services provider SunCar Technology (NASDAQ:SDA) last November, its price is up by over 16%. Even at that time, a 20-25% upside was evident for the stock in the short term, after it significantly overcorrected when a follow-on offering took place at a price lower…
Chun han Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy…
honglouwawa If you want to explain why the S&P 500 has been rising, you don’t have to look far beyond how the expectations investors have for the index’ dividends have been changing over the last several months. We last presented our regularly scheduled winter snapshot of the expected future for the quarterly dividend payouts for…
D3signAllTheThings The lithium stocks are bouncing along the bottom and the recent merger between Livent Corporation and Allkem Limited to form Arcadium Lithium plc (NYSE:ALTM) could provide an opportunity to scoop up a forgotten stock in the shuffle. The stock quickly slumped following the merger close at the start of 2024 My investment thesis remains…
lechatnoir Investors have been pouring money into US stocks. According to this week’s fund flow update from EPFR, equities received a massive $56 billion influx of capital – that is the biggest inflow since March of 2021, a period marked by intense fiscal stimulus along with an accommodative Federal Reserve. Today, the Effective Funds Rate…
SlavkoSereda/iStock via Getty Images This article talks about how money moved around in different parts of the US in February 2024 and how it could impact the markets in March 2024. This is important because when the amount of money going into the economy changes, it takes about a month before it affects the stock…
bjdlzx Paramount Resources Ltd. (OTCPK:PRMRF) management recently adjusted guidance to account for weather, a divestiture, and a shut-in of dry gas production until natural gas prices improve. But this cash flow machine still has growth plans in place. That shut-in natural gas production will be back at some point in the future. In the meantime,…
Kira88 Fundamentals: On Tuesday, the price of gold went way up, hitting over $2,100 per ounce in New York, a record high. This happened because a lot of big economic things are going on in the world right now that are making investors very interested in gold. One big reason is that when you adjust…
imaginima CHX To Tread Lightly On Mitigating Factors I have been discussing ChampionX Corporation (NASDAQ:CHX) in the past, and you can read the latest article here. Compared to my previous iteration, the company’s chemistry business in North America appears to be heading to a recovery, as reflected by higher chemical intensity, pricing, and market share…
Yuichiro Chino/Moment via Getty Images U.S. domestic markets saw gains, the S&P 500 rising, and the Nasdaq gaining, driven by upbeat semiconductor earnings, boosting investor confidence amid lower rate cut expectations. U.S. domestic markets gained during the recent period between Index selection dates (January 10, 2024 to February 8, 2024, the “Period”). The S&P 500…
Pakistan is one of the emerging markets in Southeast Asia with a population of approximately 250 million, and a country where the majority of the population lives below the poverty line. The people of Pakistan are hopeful; many believe that good times are coming, and the country’s future is bright amid political chaos and a…
champc The purpose of this article is to examine the US sectoral flows for December 2023 and assess the likely impact on markets as we advance further into January 2024. This is pertinent as a change in the fiscal flow rate has an approximately one-month lagged effect on asset markets and is a useful investment…
jetcityimage/iStock Editorial via Getty Images Here’s something about the auto major General Motors (NYSE:GM) to chew on. Its diluted earnings per share [EPS] have seen a compounded annual growth rate [CAGR] of 68% over the past five years. Yet, its share price is up by just 4.7% in this time. Even adding the dividends in,…
Bitcoin is up over 150% in 2023, and that momentum has captured hearts and minds on Wall Street, resulting in a landmark rush for its firms to launch the first-ever Bitcoin exchange-traded fund (ETF). All eyes are now on the upcoming decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval of a…
CharnW/iStock via Getty Images My Thesis Thanks to its improving fundamentals, cheap valuation, and industry tailwinds, I believe Himax Technologies, Inc. (NASDAQ:HIMX) stock is well-positioned to rally in the coming months. My Reasoning Founded in 2021, Himax Technologies, Inc. is a Taiwanese semiconductor company specializing in display imaging processing technologies. It produces display driver ICs,…
Suriya Phosri/iStock via Getty Images Thesis Tenable’s (NASDAQ:TENB) strategic positioning in the cybersecurity market, underscored by its prowess in vulnerability assessment and expanding capabilities in AI and cloud security, sets it up for potential growth. However, its financial performance, characterized by steady revenue growth but persistent profitability challenges, presents a nuanced picture of its future…
MCCAIG/iStock via Getty Images The global macro playbook As a global macro investor/trader, my stock market strategy is fairly simple, I am long stock by default unless: The Fed is expected to increase interest rates aggressively. There is an imminent recession. There is a risk of an imminent systemic credit event. Accordingly, I was bearish…
onurdongel Introduction As the United States enters a phase of intensified investment in infrastructure, the role of Ferguson Plc (NYSE:FERG) becomes increasingly important. Specializing in distributing various plumbing and heating supplies, Ferguson is a significant entity in the supply chain for infrastructure projects. Originating from a background in sheep shearing machinery, the company’s journey to…
gorodenkoff/iStock via Getty Images Investment Thesis Inflation is expected to remain elevated in the near term which makes value stocks attractive. The market is shifting towards small and mid-cap stocks, which can offer appealing returns because of their relatively low valuation. One of the stocks that fits these criteria is Benchmark Electronics (NYSE:BHE), a global…
Anthony Bradshaw A Hold Rating for Shares of Fortitude Gold Corporation This analysis assigns a Hold rating to shares of Fortitude Gold Corporation (OTCQB:FTCO) – a gold company based in Colorado Springs, Colorado, but with production, development, and exploration activities located in western Nevada, confirming the recommendation given in the previous article. The recommendation rating…
traveler1116 Who would have believed we would be in the position we are in December 2023? But, here we are. Real GDP grew by 3.00 percent, year-over-year. Price inflation has slowly fallen. The stock market seems to be poised to move higher. And, the Federal Reserve continues to follow on with its policy of quantitative…
JLGutierrez Initial jobless claims experienced a 22K drop last week (after a 2K upward revision this week), the largest one-week decline since June 24th. Claims experienced a modest rebound in the most recent print rising back to 218K. At that level, claims are in the middle of the past couple of years’ range which is…
The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their…
Sviatlana Zyhmantovich Affirm’s Stock Rollercoaster Affirm’s (NASDAQ:AFRM) stock went on quite the rollercoaster ride lately. It hit an all-time peak back in November 2021, only to tumble to a gut-wrenching 83% soon after. But zoom out and you’ll notice the stock has now rebounded 131% over the past year. So things aren’t totally bleak for…
MicroStockHub/iStock via Getty Images By Jharonne Martis Historically, Cyber Monday falls on the Monday after the Black Friday weekend. Cyber Monday discounts tend to be an extension of Black Friday deals for shoppers returning to the office after a holiday weekend, eyeing merchandise online. Like Black Friday this year, Cyber Monday deals are starting earlier…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Robert Linus, ZeroSync developer and creator of the BitVM protocol, has created a new protocol for…
JLGutierrez Among a large slate of economic data released on Thursday morning, jobless claims disappointed, with both initial and continuing claims coming in higher than expected. For initial claims, the seasonally adjusted number rose meaningfully from an upwardly revised 218K last week to 231K. That compares with expectations of a more modest increase to 222K….
Bitcoin and altcoins climbed over the last 24 hours, with a 6% rise in the king coin, and larger increases in altcoins. Bitcoin recorded a nearly 6% rise from yesterday, currently trading at nearly $37,600 as of this writing. The king coin’s jump is interesting, considering it fell below $35,000 on Tuesday. At some point during…
JARAMA Omega Healthcare Investors, Inc. (NYSE:OHI) displayed a mixed financial performance in Q3 2023, marked by a slight decrease in net income, attributed to increased expenses and reduced income from unconsolidated joint ventures. The company’s Nareit Funds From Operations (FFO) and Funds Available for Distribution (FAD) showed a marginal increase, signaling a stable operating performance….
Saylor sees Bitcoin’s potential to soar even higher, especially once regulators approve financial firms’ Bitcoin spot ETF products. MicroStrategy Inc (NASDAQ: MSTR), the software firm led by Executive Chairman Michael Saylor, has seen its shares surge by an astounding 246% in 2023. Saylor attributes this success to Bitcoin (BTC), which has not only fueled MicroStrategy’s growth…
Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global trade and currency exchange as we know it today. In the 19th century, gold was…
Jacek_Sopotnicki Warner Bros. Discovery (NASDAQ:WBD) is the curious case of the company that has no earnings but a positive cash flow. Investors are used to the contrary: companies that showcase stellar earnings but fail to generate any meaningful cash flow to reinvest, pay dividends or buy back stock. Earnings higher than Cash Flow is the…
CalypsoArt Global manufacturing prices rose for a third successive month in October, according to the latest JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI®) compiled by S&P Global, hint at some renewed upward pressure on consumer price inflation from the industrial sector. However, drilling down into the details provided by survey contributors providers some encouraging news…
Together, Rise In and BlockBeam aim to provide the best possible learning and career-building experience for developers across the globe, promising to lead the way in shaping the future of Web3 technology and innovation. Rise In, a pioneering education platform, has taken a significant step towards enhancing its Web3 talent pool by acquiring BlockBeam, one…
A leaked internal memo from CEO Spiegel revealed optimistic projections for Snap, likely relieving investors and causing shares to rise. Snap Inc (NYSE: SNAP) shares jumped about 12% following news that the company’s co-founder and CEO informed employees in a September internal memo that the company’s number of daily active users (DAUs) is set to…
designer491/iStock via Getty Images The year 2023 has been a tough one for bond investors. The Bloomberg Aggregate Index has posted a -1.43% return YTD through October 13th. Following losses of -1.54% in 2021 and -13.01% in 2022, the Aggregate Index is on track for its third consecutive year of negative returns. This has never…
Nikada By Timothy Rahill; Jeroen van den Broek According to Moody’s, (as of August) default rates are now sitting at 3% in Europe and 4.8% in the US. We expect to see a rise of 2.5% in Europe next year and just a 1.2% rise in the US. We have seen more defaults registered in…
mixmotive By Tajinder Dhillon Earnings season kicks off this week, and we preview the S&P 500 2023 Q3 earnings season in granular detail, providing both aggregate and company-level insights using data from I/B/E/S, StarMine, and Datastream, which are all found in the desktop solution LSEG Workspace. Earnings Commentary The first half of the year has…
Joe Raedle/Getty Images News American Airlines Group Inc. (NASDAQ:AAL) is expected to report FQ3 2023’s earnings pre-market on Thursday, October 19th. Analysts expect the company to report earnings of 26 cents per share on the back of $13.54 billion in revenue. Should American Airlines meet these numbers, it’d represent a massive EPS decline of 62%…
Oil prices rose today as Hamas and Israel continue their conflict with many injured and several dead on both sides. Oil prices have risen following the conflict between Israel and the Palestinian militant movement Hamas as the fight extends into the third day. Global benchmark Brent hit $88.41 per barrel on Monday after rising by…
This article is featured in Bitcoin Magazine’s “The Broke Issue”. Click here to subscribe now. The story of Bitcoin has certainly had its fair share of nefarious characters, criminal activity, bad haircuts and worse wardrobes, and yet our anti-hero du jour has seemed to outdo them all. Sam Bankman-Fried, better known by the three letter…
Hayes based his bullish prediction on several key factors. He pointed to the potential economic downturn and financial crisis, which could lead to near-zero interest rates, creating favorable conditions for Bitcoin’s growth. Cryptocurrency expert and former Bitmex CEO Arthur Hayes has expressed strong optimism regarding the future of Bitcoin. During an interview on Tom Bilyeu’s…
MicroStockHub By Muhammet Mercan With monthly inflation at 4.75% (close to our call of 4.7% and the market expectation of 4.9%), annual inflation continued to rise in September, reaching 61.9%. This compares to the government’s full-year estimate of 65% as laid out in its medium-term plan and the central bank’s forecast of 58%, which it…
bobainsworth/E+ via Getty Images The U.S. dollar cost of a euro (EUR:USD) dropped below $1.0500 again today. Yes, the U.S. dollar dropped below $1.0500 in December 2022, but doubts had crept into the fact that the dollar was trading so strongly. However, we are back in a period of time where many, many investors see…
champc Commodities, as represented by the S&P GSCI, rose over 4% in September and 16% in Q3 2023. This highlighted the potential diversification qualities of this asset class, as equities and fixed income both fell during the month. Commodities’ low correlations to other asset classes can provide a cushion when other higher-allocated asset classes drop…
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ: .IXIC), S&P 500 Index…
Torsten Asmus Earlier this month I wrote that there was still room for debating if a broad-based risk-off signal was brewing. Three weeks later, the space is narrowing for keeping an open mind, based on several sets of ETF pairs for markets through yesterday’s close (Sep. 26). To be fair, there’s no smoking gun via…
CraigRJD/iStock via Getty Images By Robert Carnell, Regional Head of Research, Asia-Pacific While this is mostly down to less helpful base effects, international energy prices and excise duty hikes, it is not safe to conclude that the RBA rate cycle has peaked. In line with expectations, but more progress needed At 5.2% YoY, the August…