Hiroshi Watanabe/DigitalVision via Getty Images Introduction Shares of SoundHound (NASDAQ:SOUN) soared in 2024 after Nvidia (NVDA) disclosed its investment in this company. However, Nvidia holds less than 1% stake in SOUN and the whole story looks like a big hype to me. I do not deny that SoundHound pioneers in a promising industry and its…
amgun When you trade, you need to have a plan Last week, I suggested to readers that the market was likely to sell off leading into the FOMC announcement on Wednesday Buy The Sell-Off Into The FOMC Meeting, Stay With Tech. So now I expect my readers to wonder what happens next. This coming week’s…
hapabapa Introduction & Investment Thesis Zillow (NASDAQ:Z) is an online real estate marketplace that has severely underperformed the S&P 500 and Nasdaq 100 YTD. The company reported its Q1 FY24 earnings on May 1st, where revenue and earnings grew 13% and 20% YoY, respectively, beating estimates. However, the stock declined 6% after earnings. While the…
bunhill Advanced Micro Devices (NASDAQ:AMD) stock has been a big winner over the past few years: Bolstered by the sentiment tailwind associated with GenAI, the shares have returned approximately 63%, compared to a gain of less than 20% for the S&P 500 (SP500), a 3x out-performance. However, investors should note that this bull run has…
Adam Gault In this article, we take a quick look at the patterns of the current CEF sell-off and highlight a number of potential opportunities in the space. We see that the start of the most recent sell-off has roughly coincided with the start of April. Specifically, the S&P 500 hit a local high on…
blackdovfx/iStock via Getty Images Semiconductor stocks have had a big run over the last several months, and this sector was due for a pullback. As shown in the chart of the VanEck Vectors Semiconductor ETF (SMH) below, we just got a big pullback. This was even a plunge in some stocks, with some top names…
wdstock It’s been a rough couple of weeks in the markets leading into big-tech earnings season, as the macroeconomic backdrop is becoming increasingly negative, taking AI-mania’s spot in the center of attention. Microsoft (NASDAQ:MSFT), one of the leaders of the AI craze, is set to report its fiscal third-quarter results this Thursday, April 25th. Investors…
J Studios/DigitalVision via Getty Images Come for the dividend stock picks, stay for the economic analysis. Or come for the economic analysis and stay for the stock picks. Or just read one section and skip the other. Whyever you’re here, let’s get to it. The market has given us plenty to ruminate on, both on…
Lock Stock Thesis Shift4 Payments’ (NYSE:FOUR) stock saw a massive spike after reporting Q4 earnings. This was likely due to the combination of a good earnings report/guidance and M&A speculation. No M&A activity ended up taking place, and since then the stock has declined precipitously. We believe the recent selloff is overdone and that long-term…
Olivier Le Moal By Mike Maharrey Silver endured a significant sell-off last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls. The spot price of silver fell from just over $29.60 per ounce to just under…
JHVEPhoto Alcoa Corp. (NYSE:AA) is a major producer of bauxite and aluminum products, and it is headquartered in Pennsylvania. Major U.S. banks typically kick off the earnings season, and Alcoa is one of the first non-bank companies to release earnings. This company is set to report Q1 earnings on April 17, 2024, after the market…
Skyhobo Investment Thesis I have been covering the health insurance giant Humana Inc. (NYSE:HUM) and its fluctuating fortunes – in terms of its share price performance – for Seeking Alpha since 2019, and one its key strengths has been its ability to bounce back after the market has sold shares in response to perceived crises….
Justin Sullivan/Getty Images News As the market has embraced the risk-on trade in recent months and the odds of a recession in 2024 seem to have disappeared, consumer staples have become the second-worst performing sector after utilities. Seeking Alpha On top of the broader market pressure on low-risk areas of the equity market, Diageo plc…
Dmytro Skrypnykov CPI Card Group (NASDAQ:PMTS) reported its Q4 results on the 7th of March, showing weakness in financials with customers’ inventory management and cautious customer spending. In my previous write-up titled “CPI Card Group: Bullish Long-Term Future Despite Short-Term Challenges”, published on the 13th of December 2023, I initiated the stock at a buy…
ConstantinosZ/iStock via Getty Images Last March, I took JAKKS Pacific (NASDAQ:JAKK) to “Strong Buy” saying that its long-term story was intact and that the stock had been thrown into the deep discount bargain bin. The stock is up over 85% since then. More recently in December, I wrote that investors continue to not give the…
alvarez Shares of WESCO International, Inc. (NYSE:WCC) have imploded following the release of softer fourth quarter earnings, and while the company now guides for stable results into 2024, investors vote with their feet and sent shares down some 30% (albeit from record highs). The performance feels a bit soft, and partially self-inflicted in a deflationary…
400tmax Alphabet Inc. aka Google (NASDAQ:GOOG, NASDAQ:GOOGL) shares intermittently slumped as much as 7% after the company reported Q4 2023 results. The drop in shares came although the Search giant delivered robust YoY growth of 13% and 32% in sales and operating income, respectively. This price action reminds me of investors’ arguably misguided reaction to…
Robert Way Following Tesla, Inc. (NASDAQ:TSLA) (NEOE:TSLA:CA) results for the September quarter, I argued that the U.S. leading EV maker is a Sell, as I have pointed out slowing growth and weakening margins. Since my argument got published, TSLA shares have returned negative 4%, while the S&P 500 gained 13%. Looking ahead to Tesla’s Q4…
Analysts anticipate that the outflows from Grayscale’s Bitcoin Trust (GBTC) ETF, coupled with investors shifting to lower-fee options, will exert downward pressure on Bitcoin price. Bitcoin (BTC) experienced a rocky weekend as it fell below $42,000 for the second time, failing to break above $43,100 amid subdued trading volumes. The excitement surrounding the approval and…
svetikd Executive Summary I believe that Gambling.com’s (NASDAQ:GAMB) recent selloff is an overreaction, overlooking the company’s strong fundamentals and promising growth trajectory. GAMB, a growing player in digital marketing within the sports betting industry, has demonstrated strong financial performance, including very strong revenue growth in the last year. The online gambling industry, particularly in the…
Larry_Reynolds No this is not the big correction I have been modeling The way I see it, there is still plenty of excitement over the narrative that no further rate raises are expected going forward. There is also even more excitement over the Fed beginning to lower rates in 2024. The accepted wisdom is that…
Ivan Pantic I am buying the sell-off in NetEase (NASDAQ:NTES) shares (-16%), after Beijing introduced new guidelines aimed at curtailing online gaming content consumption on both time spent and money invested. Although I understand that the regulatory announcement will rekindle fears of a broader crackdown on gaming in China, I believe the intent of the…
Robert Way MSNO can stage a tactical rebound if it defends the critical 18.5 Neckline Area One of the relatively lesser known companies within China that has vastly outperformed retail indices like the China Consumer CQQQ ETF is a mid-cap company named Miniso (NYSE:MNSO). The stock has risen nearly 150% earlier this year before a…
josefkubes/iStock Editorial via Getty Images British American Tobacco or BAT (NYSE:BTI) investors endured significant volatility over the past week, as management stunned the market with a substantial writedown in its recent pre-close trading update for 2023. I last updated BAT investors in August 2023, assessing a double-bottom opportunity leading to a sustained bullish reversal of…
Kemter Dear readers, I haven’t been particularly bullish on the S&P 500 (NYSEARCA:SPY) for reasons outlined in my last article on the index. I simply think that the index is too expensive relative to historical averages. This makes for a poor risk reward with sub-par potential returns and a substantial downside if we get some…
PeopleImages We previously covered Warner Bros. Discovery (NASDAQ:WBD) in August 2023, discussing the potential improvement in its top and bottom lines, thanks to the massive success enjoyed by the Barbie movie. Combined with its breakeven trend for the D2C segment, returning advertising dollars, and inherent undervaluation, we had rated the stock as a Buy then….
AUNG MYO HTWE/iStock via Getty Images Investment Overview: Zentalis Believes ‘Pipeline-In-A-Pill” Azenosertib Will Soon Make Grade In Ovarian Cancer Zentalis Pharmaceuticals, Inc. (NASDAQ:ZNTL) is a clinical-stage biotech headquartered in New York that was listed on the Nasdaq in April 2020, raising ~$165m via the issuance of ~9.2m shares priced at $18 per share. At the…
koto_feja/E+ via Getty Images Company website Investment Thesis Rating Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) Buy with 2-5 year target of $40 (3x upside) based on the discounted cash flow (“DCF”) valuation method. Steroids are used in 70% of patients with Duchenne’s muscular dystrophy, DMD, a debilitating neuromuscular disease, which is a 2 billion/year market and is…
Just_Super The iShares S&P 500 Value ETF (NYSEARCA:IVE) is pretty exposed to the typical index drivers in the US. A lot of Microsoft (MSFT) and some of the cloud majors like Amazon (AMZN). Ultimately, there are some differences between the IVE and the general market, which is that mid-cap tech doesn’t feature highly, and besides…
Douglas Rissing By AJ Rivers, Matthew Scott The 10-year US Treasury yield has climbed ever higher in recent weeks. Technical conditions are in the driver’s seat for now, but fundamentals should prevail over time. US Treasury yields have surged, with the 10-year yield briefly topping 4.8% and the 30-year yield breaching 5% (Display). Bond prices…
georgeclerk Investment Thesis It’s no secret that the past three months have posed significant challenges for the financial markets. The increase in interest rates, reaching decade highs both in the US and Europe, coupled with an economic slowdown in China, has dealt a substantial blow to the markets. However, the luxury segment has been hit…
imagedepotpro/iStock via Getty Images Last Week’s Sell-Off Was Expected, Did We Buy Too Soon, No, and Here’s Why In my last missive, the title was “Get Your Shopping List Ready, But Remain Hedged” (click this link if you need a refresher). I urged you all to hedge and get ready for a big enough sell-off…
Xsandra/E+ via Getty Images Kura Sushi USA (NASDAQ:KRUS) operates 47 Japanese restaurants across the United States standing out with a high-tech concept that features digital ordering, service robots, and a conveyor belt sushi bar system. The story here since the company’s 2019 IPO has been the massive growth momentum as sales more than tripled in…
Drew Angerer Investment Thesis Nike (NYSE:NKE) is the largest apparel company in the world, with leading positions across different categories and regions. The company is currently facing challenges such as elevated inventory levels, inflationary pressure, and slow growth in China. Such issues have resulted in the stock dropping by 19% YTD. Although these headwinds are…
Lemon_tm Introduction I’ve written a total of three articles on SA about gold miner GoldMining (NYSE:GLDG) (TSX:GOLD:CA), the latest of which was in November when I said that there was a lack of progress on project sales and spin-outs and that the company was starting to look like a value trap. Well, GoldMining completed a…
SweetBunFactory Ultra Clean Holdings (NASDAQ:UCTT), a supplier of critical subsystems, ultra-high purity cleaning and services for the semiconductor industry, did what it could, but the stock has been unable to overcome what appears to be resistance despite multiple attempts. The latest decline in the stock can be traced back to the most recent earnings report,…
Astrid Stawiarz The SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) is overvalued in our view and likely to underperform its historical performance average in the coming years. Moreover, it faces a plethora of potential negative catalysts that could further hamper total return performance in the near future. In this article, we will compare and contrast our…
Matteo Colombo Investment briefing UFP Technologies, Inc. (NASDAQ:UFPT) continues to present with compelling long-term value in my informed opinion. The company’s rally from 2022 extended to mid-July and the equity line has since rolled over, in line with the sharp selloff in broad healthcare in the same month. Since the last publication, there are a…
franckreporter Investment updates Following a strong growth period since the June publication, Patterson Companies, Inc. (NASDAQ:PDCO) has sold off sharply after posting its Q1 FY’24 numbers today. The company now sells roughly $3/share off its opening price on 30th August, and there’s no saying where it could bottom based on the rapid liquidity vacuum. You…
Andres Victorero Bond yields have surged to their highest level in over 15 years, propelled by resilient economic data and revised expectations for Federal Reserve policy. Nevertheless, the looming threat of subdued growth in 2024 suggests that bond yields are likely near their peak. This presents a potential opportunity for investors – add to duration…
All eyes are on the Fed’s Jackson Hole meeting ahead this week as Fed Chair Jerome Powell is likely to announce interest rate hikes. On Wednesday, August 23, Bitcoin and the broader crypto market staged a recovery with the BTC price shooting past $26,500. Yesterday’s bounce back could be a breather to investors as they…
The latest data from CoinMarketCap has indicated an unsettling calm in BTC/USD trading over the weekend, with the market experiencing an 11% decline in a span of just seven days. Bitcoin (BTC) remains perched above the $26,000 mark, creating an air of uncertainty in the crypto market which has been recording a broad-based selloff in…
sturti/E+ via Getty Images It took a while, but SolarEdge (NASDAQ:SEDG) has finally seen its stock get impacted by the broader valuation reset among growth stocks. It is curious that SEDG is seeing the stock price weakness just as many tech stocks look to be finishing up their own stunning recoveries, but it does make…