kynny Introduction Analog Devices (NASDAQ:ADI) is going to report second quarter earnings on the 22nd of May before the market opens. I wanted to revisit the company to see how it performed through 2023 and what to expect in Q2. All but one segment of the business has been in a decline in the last…
Hiroshi Watanabe/DigitalVision via Getty Images MannKind Navigates PAH Market with Strong Q1 Earnings Surge MannKind Corporation (NASDAQ:MNKD) is up 21.4% since my last look in February. Back then, my focus was on the company selling 10% (1% of its 10% royalty) of its Tyvaso DPI stake for $150 million upfront (with an additional $50 million…
ArtistGNDphotography/E+ via Getty Images Intro If we pull up a technical chart of Snap One Holdings Corp. (NASDAQ:SNPO) (US-based commercial & residential smart-living solutions outfit), we see that shares quickly (on the announcement of the pending acquisition by Resideo) moved up toward the buyout price of $10.75 a share. Astute shareholders would have sold their…
Hiroshi Watanabe Late December last year, I issued an article comparing the largest BDC – Ares Capital (NASDAQ:ARCC) – with the second largest one, FS KKR Capital (FSK). While I was bullish on both BDCs, I preferred allocating slightly more in FSK due to the following reasons: FSK traded at a discount to NAV, while…
bluecinema/E+ via Getty Images Elevator Pitch I have a Buy rating for Sonic Automotive (NYSE:SAH) stock. I previously wrote about the company’s near-term prospects and capital allocation in my Nov. 14, 2023 update. This article evaluates the growth runway for SAH’s pre-owned vehicle business (EchoPark) and the expectations for its future share buybacks. My decision…
Pattanaphong Khuankaew/iStock via Getty Images Shares of Terreno Realty (NYSE:TRNO) have fallen out of favor recently again, certainly after peers warn about slower rental growth, declining occupancy levels, all while the Fed seems to hold rates steady for a longer than anticipated time period. This all hurt the share price as of recent, and while…
da-kuk Twilio (NYSE:TWLO) remains seemingly one of the few tech stocks which still trades at cheap valuations. That isn’t completely undeserved. The company has posted muted top-line growth during a period in which many tech peers have already begun to see some acceleration. Still though, there’s plenty of reasons to stick by the stock. The…
Evgeny Gromov Just over two months ago, I wrote on Endeavour Silver (NYSE:EXK), noting that any pullbacks below US$1.67 would provide buying opportunities. Since dropping into this buy zone, the stock has rallied over 70% to its recent highs, making it one of the top performers sector-wide. The view that the stock was finally a…
Leon Neal Intel (NASDAQ:INTC) shares have returned about 23% since I have upgraded the stock to “Buy”, compared to a gain of about 16% for the S&P 500 (SP500). And as INTC shares are trading very close to my previously established target price of $45.5/ share, I feel it is time for me to revisit…
Olena_T Approaching 2024, I have assigned Citigroup (NYSE:C) a “Strong Buy” rating, arguing that the bank’s stock is on the brink of appreciable valuation growth due to several key factors: The bank has lately been making good progress in restructuring its operations, setting up for an expanding cost-to-income ratio going into 2024 and beyond. Moreover,…
RudyBalasko Caesars (NASDAQ:CZR) shares have significantly underperformed the broader market since my July article with Caesars stock price down nearly 20% while the S&P 500 (SPY) is up nearly 17%. Given the magnitude of the underperformance, one might expect that Caesars has experienced some sort of business headwinds. However, this is not the case as…
Klaus Vedfelt In my previous analysis of WFE (wafer front end) semiconductor equipment, Applied Materials, Inc. (NASDAQ:AMAT) had lost its market share dominance to ASML Holding N.V. (ASML) in 2023. Now, AMAT has announced its latest earnings. At the time of my December 5, 2023, Seeking Alpha article entitled “Applied Materials: Weak Earnings Means ASML…
Spencer Platt/Getty Images News Introduction Bank of America (NYSE:BAC) is one of the largest financial institutions in the United States, and this banking giant with worldwide presence likely doesn’t need a lengthy introduction. While the common shares are well covered here on Seeking Alpha by a myriad of authors, I have been keeping an eye…
Maskot/Maskot via Getty Images Thesis It’s now been just over 10 years since Murphy USA Inc. (NYSE:MUSA) was spun off and became publicly traded. While its revenues and earnings have not been exciting, the share price has been for medium and long-term investors. Earnings for 2024 are expected to rise by mid-single digits, but share…
Kameleon007 Overview My recommendation for S&P Global Inc. (NYSE:SPGI) is a buy rating. The recent fall in share price represents an attractive opportunity to long the stock as the business outlook remains strong. SPGI core business ratings exited 4Q23 on a strong note, and I expect momentum to persist into FY24. Non-rating businesses also performed…
Natali_Mis Note: I have discussed Alphatec Holdings, Inc. (NASDAQ:ATEC) previously, so investors should view this article as an update to my earlier coverage of the company. Introduction / Discussion Of Past Performance Alphatec Holdings, Inc. or “ATEC” is a medical technology company that designs, develops, and advances technologies for the surgical treatment of spinal disorders….
Marat Musabirov Thesis With fourth-quarter 2023 earnings results expected shortly, investors and potential investors will wonder if TrueCar, Inc. (NASDAQ:TRUE) can maintain the momentum it gained in the third quarter. In its third-quarter earnings release, the company suggested it had turned a corner, with revenue and earnings again on the rise. The odds seem in…
Justin Sullivan/Getty Images News Overview The first thing that comes to mind when I hear the name General Mills (NYSE:GIS) is their wonderful selection of cereals. That was something that had a huge part of my childhood upbringing so naturally, I want to like the company. however, I will put my own bias aside and…
Xiaolu Chu Investment thesis: Having established itself as a dominant, profitable EV producer, Tesla (NASDAQ:TSLA) recently moved on to the next phase in its competition with emerging EV producers, namely an increasingly brutal fight for market share. With the backing of solid profit margins, it can afford to undercut competitors, especially in the Developed World,…
Pawel Kajak/iStock via Getty Images Thesis Kirby Corporation (NYSE:KEX) has been on a roll in recent quarters, growing its earnings rapidly. That trend is expected to hold through this year and next, making above-average capital gains a strong possibility. About Kirby The company states on its website that it is the largest inland and offshore…
Bloomberg/Bloomberg via Getty Images Intro We wrote about Repsol, S.A. (OTCQX:REPYY) in July’2021 when we reviewed the key metrics that make up the company’s dividend. Although we saw no adverse trends in Repsol’s dividend at the time, we stamped a ‘Hold’ rating on the stock due to how the company’s liabilities were outpacing its assets…
Gary Hershorn/Corbis News via Getty Images Microsoft (NASDAQ:MSFT) isn’t the cheapest stock, but it has set itself up to be one of the biggest beneficiaries of the AI revolution, making it a “Buy.” Company Profile MSFT is a technology company that operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing….
cholwanich/iStock via Getty Images In our last coverage of iShares Preferred and Income Securities ETF (NASDAQ:PFF) over two years back, we highlighted that the fund was destined to give you relatively poor returns for the risk. With both asset classes that drive preferred share valuations remaining insanely expensive, caution is the name of the game….
NicoElNino Dynatrace: A “stealth” hyper-growth story Dynatrace (NYSE:DT) shares have moved in a well-trod trajectory over the past couple of years. The shares made a high of almost $79/share in Oct. 2021, fell to $32/share a year later and have since recovered to the mid $50/share range. More recently, the shares were as low as…
shank_ali A Hold Rating on SunCoke Energy This analysis suggests a “Hold” rating on shares of SunCoke Energy, Inc. (NYSE:SXC), an independent coke producer based in Lisle, Illinois. This analysis confirms the “Hold” rating assigned to SunCoke Energy, Inc. in the previous analysis. The rating was given because thanks to the presence of a portfolio…
mysticenergy Introduction and Investment Thesis Canadian Natural Resources (NYSE:CNQ) is the largest oil and gas producer in Canada. The stock has returned an impressive ~18% in 2023, despite oil prices experiencing downward pressure, contrasting with other Canadian oil peers who suffered declines in the year. While the company has a strong history of dividend increases…
Nikada Elevator Pitch Hongkong Land Holdings Limited (OTCPK:HKHGF) (H78:SP) stock is still rated as a Buy. I previously reviewed Hongkong Land’s interim financial results for the first half of 2021 in my August 5, 2021 write-up. The company calls itself a “major listed property investment, management, and development group” with a portfolio of “850,000 sq….
pick-uppath We previously covered Sea Limited (NYSE:SE) in September 2023, discussing its promising prospects in Indonesia attributed to the immediate ban of TikTok’s S-commerce platform. We had reckoned that TikTok’s estimated 2023 GMV of $8.4B might be up for grabs, allowing pure-play e-commerce companies like SE’s Shopee to benefit, naturally triggering our reiterated Buy rating….
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…
Ole_CNX Following Baidu’s (NASDAQ:BIDU) 3Q earnings announced on November 21st, the market is beginning to wake up to the stock as China’s premier AI play, with an upgrade from Nomura, Barron’s publishing an article entitled “Forget Alibaba. Baidu Is The Best Way to Play Chinese Tech Stocks,” and The Motley Fool comparing Baidu to Nvidia…
KanawatTH There are numerous factors they affect revenue growth and corresponding share of the market among peers. Over the past eight years, equipment revenues have varied greatly from year to year, as illustrated in Chart 1, according to The Information Network’s report Global Semiconductor Equipment: Markets, Market Shares and Market Forecasts. The Information Network Chart…
SpaceX is now one of the most valuable private companies in the world with a scalable business in the Starlink satellite internet sector among others. Elon Musk-backed Space Exploration Technologies Corp commonly referred to as SpaceX has seen its total valuation climb to as high as $180 billion, according to the latest estimates by Bloomberg….
Dariia Chernenko/iStock via Getty Images After five years of explosive growth, one of China’s leading providers of outsourced drug services delivered an earnings bombshell last week and had to scramble to contain the damage. WuXi Biologics (Cayman) Inc. (OTCPK:WXXWY) was a high-flying star during the biotech boom years and the rush for Covid remedies. But…
nycshooter/iStock via Getty Images Intro We wrote about Star Group, L.P. (NYSE:SGU) back in April of this year when we were encouraged by what we were seeing in the company’s technicals. A technical breakout was confirmed on the long-term chart and the generous dividend had grown for 10 years straight. While investors may bemoan the…
Justin Sullivan Contextualizing the $10 accelerated share repurchase program General Motors (NYSE:GM) just provided a financial update. A key component of the update involves a $10B accelerated share repurchase program. Other updates are relatively minor or routine in my view, such as a small revision of its 2023 EPS guidance range and some cost-cutting initiatives….
Smart Share Global Limited (NASDAQ:EM) Q3 2023 Earnings Conference Call November 27, 2023 8:00 AM ET Company Participants Hansen Shi – Director of Investor Relations Mars Cai – Chairman and Chief Executive Officer Maria Xin – Chief Financial Officer Conference Call Participants Victor Tang – Goldman Sachs Vicky Wei – Citi Charlie Chen – China…
DarioGaona Just six months ago, I wrote on Endeavour Silver (TSX:EDR:CA)(NYSE:EXK), noting that there was no way to justify owning the stock above US$3.50 given that grades were likely to normalize after multiple quarters above reserve grades and catch-up in sustaining capital which would pressure unit costs. Simultaneously, the sharp rise in the Mexican Peso…
Bjoern Wylezich/iStock Editorial via Getty Images Introduction I reaffirm my Buy rating on Koninklijke Ahold Delhaize N.V. shares (OTCQX:ADRNY) following the company’s Q3 results, which beat expectations despite the company facing significant headwinds. However, despite some margin weakness and a slowdown in top-line growth, my bullish thesis remains unchanged. I continue to view Ahold as…
jetcityimage Research Note Summary On the heels of my recent research note covering Pizza Hut’s parent company Yum Brands (YUM), I am sticking my head in the pizza oven again with today’s rating of its competitor in the quick-serve restaurant sector, and a household name in the US for decades, Domino’s Pizza (NYSE:DPZ). Besides the…
In light of HSBC’s robust results, the banking giant’s board approved a third interim dividend of 10 cents per share. HSBC Holdings Plc (LSE: HSBA.L), Europe’s largest bank by assets, has reported remarkable financial results for the third quarter of 2023, with its profit after tax surging to $6.26 billion. Beyond Profits: HSBC’s Q3 2023…
HeliRy Note: I have covered Imperial Petroleum (NASDAQ:IMPP, NASDAQ:IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Last week, Imperial Petroleum reported very weak third quarter results as fleet utilization suffered from an elevated number of dry-dockings as well as seasonally weaker demand. In addition, revenues and…
Justin Sullivan I have been absolutely incorrect, as PayPal (NASDAQ:PYPL) shares have fallen through their short-term resistance level. I have been following PYPL closely and still feel it’s one of the most mispriced equities in the market today. Since my previous article on PYPL, which was published on 8/25/23, shares have declined by 12.46% compared…
Michael M. Santiago It’s not often that a “too big to fail” bank is offering a security with a dividend yield of 9.5%, but that’s just what happened last week when Citi (NYSE:C) did not call its Series J fixed to floating preferred share (C.PR.J) and allowed the dividend rate to float at a rate…
Scott Olson/Getty Images News LL Flooring (NYSE:LL) has received another non-binding offer, this time from Live Ventures (LIVE), which offered $5.85 per share in cash. This was slightly higher than founder Tom Sullivan’s non-binding offer of $5.76 per share, which was rejected by LL Flooring’s Board of Directors and then later withdrawn by Sullivan. I…
The proposal outlines a deal that encompasses roughly 9% of iFinex’s outstanding capital and assigns a value of $1.7 billion to the company. As per the latest report, the parent firm of the Bitfinex exchange – iFinex Inc – has started exploring a $150 million share buyback, as per the letter written to shareholders on…
Brycia James Analysis Summary Today I’ll be covering Williams-Sonoma (NYSE:WSM), in the consumer discretionary sector, subsector of retail homefurnishings. According to its Seeking Alpha profile, it trades on the NYSE, is based in San Francisco, and serves as omni-channel specialty retailer of various products for home. One of its listed peers is Wayfair (W), but…
kynny Metal additive manufacturing technology company, Velo3D, Inc. (NYSE:VLD) reported Q2 2023 revenues of $25.13 million an increase of 27.95% (YoY) that missed estimates by $2.09 million. VLD’s EPS of -$0.10 also missed Wall Street estimates by $0.02. The stock has lost 10.86% (YTD) and is trading 67.5% below its 52-week high of $4.80 which…
1933bkk Universal Logistics Holdings (NASDAQ:ULH) has recently experienced a pullback in share price due to weak earnings. Even with poor earnings, I believe that Universal Logistics is currently a buy because the firm holds a fair balance sheet with room to leverage, has integrated technology into its operations to improve margins, and is undervalued assuming…
Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook. Apple Inc (NASDAQ: AAPL) top executives led by Chief Executive Officer (CEO) Tim Cook, senior vice presidents Deirdre O’Brien and Katherine Adams offloaded part of their shareholdings according to filings with the United States Securities and Exchange Commission (SEC)….
onurdongel Analysis Summary In today’s analysis, I will be covering United States Steel Corp. (NYSE:X), in the materials sector, subsector of steel. From its profile, this Pittsburgh-headquartered firm trades on the NYSE and produces & sells flat-rolled and tubular steel products primarily in North America and Europe. I gave this stock a hold rating, based…