Montes-Bradley With hindsight, the trade of the cycle was to short long duration Treasuries on surging interest rates due to the fastest rate hike cycle in history. And certain products, like the Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX), really thrived in terms of not just the timing of their launch, but performance, execution, and assets…
jhorrocks One of the easiest ways to lose money over time is to leverage your bet against a beta-positive asset – that is, an investment that tends to rise in value over time for fundamental reasons. This is exactly what the ProShares UltraPro Short S&P500 ETF (NYSEARCA:SPXU) is designed to do. There are some cases…
tumsasedgars On our last coverage of Global Net Lease, Inc. (NYSE:GNL), we spoke about the reasons we exited the common shares in a timely fashion. We also covered the preferred shares, which are listed below. Global Net Lease, 7.25% Series A Cumulative Redeemable Preferred Stock (NYSE:GNL.PR.A) Global Net Lease 6.875% Series B Cumulative Redeemable Perp…
JHVEPhoto Upstart Holdings (NASDAQ:UPST) wants to disrupt the lending market through its AI platform, but so far the monetization of its customer and partners’ base is not great, raising questions about the sustainability of its business model. Company Overview Upstart is a fintech company, combining technological capabilities applied to the financial sector, namely it offers…
Liudmila Chernetska/iStock via Getty Images Investment Thesis PPG Industries, Inc. (NYSE:PPG) shares have gained about 11% over the last year. Although this stock has an attractive dividend policy and its growth metrics are very appealing, my midterm outlook of this stock is skeptical following its strategic review of North American architectural coatings. From a technical…
E_Y_E/iStock via Getty Images By Breakingviews Buyout firms have an even bigger problem than finding a place to park fleets of armored cars heaving with cash: what to do about their idling truckloads of portfolio companies. The two main avenues for returning money to increasingly itchy investors are largely blocked. To get around them, the…
John Webb/iStock via Getty Images This article was coproduced with Leo Nelissen. I don’t think anyone has ever used “dumpster diving” in a positive context. However, did you know some people make decent money dumpster diving? Last year, Business Insider published an article with the interesting title: “We met dumpster diving 14 years ago and…
William_Potter The Dimensional Core Fixed Income ETF (NYSEARCA:DFCF) is a great way to play the global investment-grade bond market. Benchmarked against the Bloomberg Agg, or Bloomberg U.S. Aggregate Bond Index, DFCF offers exposure to long-duration bonds and other fixed-income securities that, in the aggregate, are expected to maximize the total return for investors. While the…
PM Images/DigitalVision via Getty Images Written by Sam Kovacs Introduction During the past year, I have been successfully been selling put options to generate double-digit cash yields. I say I, but it really has been a family effort. Whilst I’ve been behind most of the design of the strategy, my father Robert and younger brother…
Boston Globe/Boston Globe via Getty Images I last wrote about Trulieve (OTCQX:TCNNF) in mid-November, saying it was still a buy. At the time, I owned a very large position in my Beat the American Cannabis Operator Index model portfolio. This past week, I sold a lot of it. I still like it relative to the…
Christopher Furlong/Getty Images News Responsible investing being one of my twin areas of interest, I write mostly about companies that are champions of sustainability in their respective industries. Occasionally I cover ESG laggards and firms with intrinsically high ESG risks. Elbit Systems (NASDAQ:ESLT) is a plain example of the latter. The company has been dropped…
tobiasjo/iStock via Getty Images SilverCrest at a glance SilverCrest Metals (NYSE:SILV) is a single-asset intermediate precious metals miner. It has successfully developed the Las Chispas mine in Mexico and started production in 2022. Las Chispas is a predominantly silver asset (the breakdown of revenues at current prices is around 55% silver and 45% gold), with…
jamesteohart About seven months ago, I rated the preferred stock of Telephone and Data Systems (NYSE:TDS.PR.V) as a “hold”, as the stock was offering an exceptionally high dividend yield of 13.0% but it also had some material risks. Since my article, the stock has offered a total return of 38% and thus it has outperformed…
ADragan/iStock via Getty Images Crescent Capital BDC, Inc. (NASDAQ:CCAP) is a well-managed business development company, but headwinds to the BDC sector with respect to interest rates could hurt the company’s growth potential as it focused heavily on the creation of a floating-rate investment portfolio. The BDC’s merger with First Eagle Alternative Capital BDC accentuated this…
vdvornyk/iStock via Getty Images Thesis overview NuCana (NASDAQ:NCNA) is a UK-based biotech developing nucleotide molecules for various oncology indications. Its platform, called ProTide, has major advantages over traditional nucleoside analogues currently used as part of chemotherapy regimens. NCNA’s lead candidate is NUC-3373 (ProTide 5-fluorouracil). NCNA aims to replace traditional 5-fluoroucil (5FU) which is still being…
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…
Editor’s note: Seeking Alpha is proud to welcome Daniel Mellado as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » shotbydave/E+ via Getty Images Investment Thesis Despite the efforts…
da-kuk The VanEck BDC Income ETF (NYSEARCA:BIZD) is a specifically constructed ETF to track the performance of the overall publicly traded business development companies [BDC] segment. Let’s now take a look at the underlying structure of BIZD. The first thing that we have to consider is that while BIZD is an ETF, there seems to…
tum3123 Russia’s invasion of Ukraine resulted in cascading volatility across emerging markets and portfolio management strategies last year. Many Russia-domiciled companies were marked to zero in terms of equity value, hurting ETFs with significant exposure to said firms. One such fund was the iShares Emerging Markets Dividend ETF (NYSEARCA:DVYE). Morningstar noted, back in early 2022,…
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…
wildpixel Thesis overview Karyopharm’s (NASDAQ:KPTI) lead candidate is selinexor, which has a novel mechanism of action. It acts as a selective inhibitor of nuclear export by binding to exporting 1 (XPO1). KPTI has been the leader in targeting this pathway and has successfully developed selinexor, with 3 approvals so far; in penta-refractory multiple myeloma, in…
ArtistGNDphotography Investment Thesis Lennar Corporation (NYSE:LEN) is about to report FY23 results in a couple of weeks. I wanted to look at the company’s financial position and give some comments on the outlook. The company seems very efficient and will weather the uncertainties of the economy quite well in my opinion, however, because of these…
FrankRamspott With inflation easing and cracks emerging in the US labor markets, the days of Fed-driven rate hike pressures are likely at an end. The key risk, though, is that the US yield curve remains inverted, and until term premia normalizes, emerging market central banks may be kept on the defensive. Note the surprise rate…
Dr_Microbe Summary of prior coverage This is an update of my previous coverage of Seres Therapeutics (NASDAQ:MCRB). To sum up my prior coverage, VOWST (MCRB’s flagship and only approved product) represents the first commercial FDA-approved orally administered microbiome-based therapy in capsule form for prevention of recurrent C. difficile infection [CDI]. VOWST is approved for 1st…
Dmytro Skrypnykov The Advent Convertible & Income Fund (NYSE:AVK) is a closed-end fund, or CEF, that income-focused investors can utilize to achieve their goals. This is immediately apparent in the fund’s whopping 14.12% yield, which puts most other income-focused funds to shame. This fund also has a few advantages over many other fixed-income funds. This…
Prostock-Studio WW International (NASDAQ:WW) has struggled for years with its core Weight Watchers business, facing falling revenues and subscribers in a highly competitive market. While the company’s recent acquisition of Sequence Health looks like a bold strategic play to pivot into weight loss medications, this high-risk move is unlikely to turn around WW’s weak fundamentals….
xxwp TriplePoint Venture Growth (NYSE:TPVG) is a small-cap BDC that made waves in 2023 because of a surge in problematic loans the investment firm has in its portfolio. Although the investment company still covers its dividend with NII, I believe a dividend cut is potentially lurking in the shadows. Given the poor quality of the…
mysticenergy About three years ago, I stated that Cross Timbers Royalty Trust (NYSE:CRT) could double over the following two years, as its stock price had been beaten to the extreme amid the coronavirus crisis. The stock doubled in just 15 months and doubled once more later thanks to the Ukrainian crisis, which led the prices…
jetcityimage It has been a tough year fundamentally for Wayfair (NYSE:W), the online furniture company that experienced its biggest heyday during the pandemic when people were rushing out of cities and eager to fill new homes. Wayfair stock remains up more than 60% year to date, but is well off highs as the markets digest…
Naeblys The Alzheimer’s Disease (“AD”) space is a very difficult and volatile space right now. Here, you will see a large number of sympathetic volatility in stock prices. So, if one company comes out with positive data, other AD companies go up along with it. If another company has a failed trial, other companies fall….
VacharapongW/iStock via Getty Images -1x Short VIX Futures ETF (BATS:SVIX) is an inverse play that shorts VIX futures (VIX). The fund was launched in April of 2022 and it’s been up 120% since then, easily beating returns of the overall market (SPY). Still it’s a very risky play that can deliver either outsized returns or…
Xiaolu Chu A Wild Ride Indexing has produced some interesting strategies over the years – from ETFs that utilize a complicated mix of derivatives to create the movement of two or three times the daily volatility of the underlying index, to a fund that can’t go down (though, it probably could), innovators in the ETF…
SweetBunFactory Dear readers/followers, The semi-space is a risky place to invest and be in. The companies here often trade at expansive multiples and carry significant risk potential. Also, their yield is typically zero or very close to zero – only very few have significant dividend yield to reward shareholders. Most of the upside is likely…
Patrik Stollarz Investment thesis I initiate my coverage of The Koninklijke Philips N.V. (NYSE:PHG) with a Hold rating following my in-depth research of the company and the underlying healthcare equipment industry. While once a prominent player in the market, Philips has faced significant challenges and controversies over the last couple of years, leading to a…
CHUNYIP WONG Since going public in 2021, the mortgage real estate investment trust [REIT] Claros Mortgage Trust (NYSE:CMTG) has done quite poorly in the stock markets with its price down by 34% from its opening price on listing. With a slew of banks slashing their rating on the trust, investor confidence in it is at…
alfexe/iStock via Getty Images Dear readers/followers, In this article, I will take a look – and the first one here on SA – at Bulten (OTCPK:BUTEF). One reader raised the point that out of most Swedish industrials, even small ones, Bulten remains one of the very few with an ADR that I actually have in…
seewhatmitchsee Investment Thesis I wanted to take a look at Groupon (NASDAQ:GRPN) after it rallied around 300% since the bottom in May of this year. I wanted to look at the company’s historical financials to see why the company has lost 97% of its total value in the last decade and if there is a…
duoogle Dear readers/followers, Last I wrote about Blackstone Mortgage Trust (NYSE:BXMT) was in May just after the company has released its Q1 2023 earnings. I issued a BUY rating for the stock at $17.33 per share, mainly because I saw the valuation as overly depressed, as the market was pricing in a total write-down (with…
PeopleImages Liquidity Services, Inc. (NASDAQ:LQDT) reported impressive quarterly transaction growth and visitor growth in some of its B2B ecommerce subdivisions. A quick look at the platforms offered reveals data engineering and marketing campaigns that seemed to receive significant attention from well-known business conglomerates in different industries. I believe that more agreements with large B2C ecommerce…
Thomas Barwick US Foods Holding (NYSE:USFD) is a company that sells food through restaurants, hospitals, nursing homes, hotels, and other venues. As the company holds a sizable amount of debt and has a trailing P/E -ratio of 30, I believe the stock is worthy of a sell-rating. The Company USFD provides venues with food items,…