Jacek_Sopotnicki Warner Brothers Discovery (NASDAQ:WBD) released first quarter earnings last week. The media giant has been scrutinized for earnings performance and high leverage since its merger. Back in February, I took a bullish stand on Warner Brothers Discovery through the sale of cash secured puts. While the first quarter earnings report disappointed by missing both…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Disney shares tumbled 9.5 per cent on Tuesday even as it reported the first profit in its core streaming business since it leapt into a battle with Netflix five years ago. The Disney+ and Hulu…
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…
4FR Investment Thesis Norfolk Southern (NYSE:NSC) had a tough start to FY24 with their most recent Q1 results seeing the railroad generate lacklustre returns from their operations. While significant one-off costs associated with the mediation for a derailment that occurred in 2023 placed a real damper on net income, Norfolk also struggled to control operating…
Derick Hudson Meta Platforms (NASDAQ:META) is set to open books for the company’s March quarter 2024 on April 24th, after the market closes, and I am bullish heading into earnings. In my view, Meta Platforms upcoming quarterly report is poised to show a sharp jump in advertising revenue, as various alternative data tracked by leading…
RiverNorthPhotography Shares of Huntington Bancshares (NASDAQ:HBAN) traded modestly higher on Friday after reporting solid Q1 earnings. The stock has been a laggard over the past year rising just 12% while the S&P 500 has rallied by about 20% as investors still grapple with the aftershocks of the 2023 regional banking crisis. HBAN has performed much…
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…
FabioIm/iStock Editorial via Getty Images Investment Thesis I recommend holding Petrobras (NYSE:PBR) shares. The company is the largest in market cap in Latin America, and is still reaping the benefits of its strategy of divestment of non-strategic assets and focus on core business. As a result, Petrobras continues to generate a lot of cash. However,…
PM Images Medallion Financial (NASDAQ:MFIN) is a niche bank that has successfully pivoted away from lending to taxicab drivers. Today, the bank manages deposits and lends them out for recreational and home improvement loans. Recently, I came across the bank’s 8% fix to floating preferred share (NASDAQ:MBNKP). After reviewing the financials, I believe the fixed…
undefined Introduction As Dynagas LNG Partners (NYSE:DLNG) hasn’t paid a dividend on its common shares since 2019, I have been focusing on the preferred shares. One of the two series of preferred shares recently moved from a fixed rate to a floating rate preferred dividend. As the preferred dividends remain very well-covered and as the…
PM Images Shareholders of AbbVie Inc. (NYSE:ABBV) should be thrilled with its overall results, as just the appreciation over the past decade has outperformed the market. Shares of ABBV have appreciated by 248.90% over the past decade and by 104.87% over the past 5 years. The SPDR S&P 500 ETF Trust (SPY), which is what…
Apple Store at 5th Ave in Manhattan, New York City ozgurdonmaz I sold all of my Apple (NASDAQ:AAPL) stock earlier this year. I had bought the stock in 2022, at prices between $130 and $150, with an average cost around $145. My opinion on the stock did not change between the time I bought it…
simpson33/iStock via Getty Images Investment Thesis Electronic Arts (NASDAQ:EA) is an iconic video game developer and publisher that produces some of the largest franchises in the industry, including Madden, SPORTS FC, and Battlefield. The firm is expert at monetising their titles and remains at the forefront of creative innovation within the field. EA has developed…
Daniel Grizelj The WD-40 Company (NASDAQ:WDFC) stock is a long-term name we have continued to hold, one of our longest-held positions. In our last update, we continued to suggest holding shares are pricey based on valuations metrics. However, the stock has been consistently “overvalued” on many of these metrics. The stock, despite all the movement…
Grigorenko/iStock via Getty Images TechnipFMC Plc (NYSE:FTI) has gained momentum with shares up more than 25% just over the past month and currently trading near a five-year high. Beyond a resurgence in the energy sector with the price of oil rallying to start the year, the story is a backdrop of strong operating and financial…
Anthony Bradshaw In a stunning rally, both gold and gold mining companies have surged since late February. Major buying of the precious metal by central banks around the world and concerns over the growing global debt burden have drawn investors into this often risk-off commodity. Hopes for a Fed rate cut is another macro tailwind….
Luis Alvarez Oil prices are back on the rise, finishing last week at the highest mark since October. The Energy sector has been very strong as renewed selling pressure in the bond market has brought about feelings of 2022. In past market cycles, bull markets in WTI and Brent have coincided with healthy returns in…
undefined/iStock via Getty Images Introduction At the end of 2023, Seapeak owned an “average” 21 LNG carriers and 21 NGL carriers on a consolidated basis throughout the year. I was mainly interested in the LNG vessels as the sole reason to have a long position in Teekay LNG Partners. I also owned the preferred shares…
Brandon Bell Valero Energy (NYSE:VLO) is a leading U.S. oil refining company. VLO’s shares have not just rallied but are nearly five and one-half times higher since the March 2020 low and were trading at a record high in early April 2024. Oil refining is a capital-intensive business, with profitability hinging on the price differential…
BrilliantEye Investment Thesis Purple Innovation (NASDAQ:PRPL) has had a volatile ride over the past few years, with shares reaching a peak of $40 down all the way to $2 today. While some investors may seem interested in an apparent bargain, I believe the fundamentals suggest otherwise. The company is spots negative operating income for the…
kodda/iStock via Getty Images Enbridge is a solid infrastructure play I expect a significant upside over the next six months for Canadian-dollars-denominated Enbridge Series R (TSX:ENB.PR.T:CA) and US-dollars-denominated Series 5 (TSX:ENB.PF.V:CA) (OTCPK:EBGEF). One of the largest global infrastructure companies, Enbridge’s business consists of four major segments: Liquids Pipelines, Gas Transmission & Midstream, Gas Distribution and…
tadamichi Investment Overview Stoke Therapeutics’ (NASDAQ:STOK) stock has been soaring in response to the positive data the company shared from two open-label Phase 1/2a studies and two open-label extension (“OLE”) studies of its lead drug candidate STK-001 in children and adolescents ages 2 to 18 with Dravet syndrome, on March 25th this year. Stoke, which…
Grand Warszawski Overview Founded in 2010, Playtika (NASDAQ:PLTK) is a leading mobile gaming company known for its diverse portfolio of popular games. The company made its initial public offering (IPO) on January 15, 2021, with an initial valuation of approximately $11.4 billion. Headquartered in Herzliya, Israel, Playtika has established itself as a prominent player in…
Wicki58/iStock via Getty Images Introduction UMH Properties (UMH) focuses on owning and operating manufactured home communities. As of the end of last year, UMH owned and operated 135 manufactured home communities with a total of almost 26,000 developed homesites in several US states. UMH Investor Relations In a previous article, which was published in January…
fotostorm Thesis Global Partners (GLP) is a U.S. Master Limited Partnership (‘MLP’) which functions as an owner, supplier and operator of gasoline stations and convenience stores. The MLP has seen its common shares rocket upwards in the past year, on the back of better than expected profitability and expansion plans: Data by YCharts As an…
Michael Vi Shares of Keysight Technologies (NYSE:KEYS) have been a poor performer over the past year, trading essentially flat and missing out on a significant rally across the technology sector. The company has struggled with weak orders from wireless carriers and softness in China. Having worked down its backlog, it now faces revenue declines. Since…
NanoStockk/iStock via Getty Images Introduction Eagle Point Income (NYSE:EIC) is an investment company focusing on CLO debt, and as explained in a previous article, Steven Bavaria is an authority on this sector and I would strongly recommend you to read some of his older articles. This October 2022 article is perhaps 18 months old, but…
morfous One of the companies that I have been the most bullish on over the past several months, but do not own shares of, is telecommunications firm Crown Castle (NYSE:CCI). For those not familiar with the company, it owns and operates telecommunications towers and other related assets such as fiber and small cell operations. Since…
CharlieChesvick Investment Case For the next 6 months, Series 2 preferred shares of Northland Power Inc. (TSX:NPI.PR.B:CA) seem to provide a better return on investment than the company’s common shares (TSX:NPI:CA). Northland’s common shares are better suited as a longer-term investment, as the company’s valuation heavily relies on the increase in EBITDA and Cash Flow…
marchmeena29 Redwood Trust, Inc. (RWT) is a real estate investment trust that specializes in the ownership of mortgages. The company carries residential property mortgages, multifamily loans, and business loans. Over a year ago, I discussed the 10% preferred share that was offered by the company (RWT.PA). Today, I am affirming my buy rating of Redwood…
JHVEPhoto/iStock Editorial via Getty Images Introduction As it has been almost a full year since I last discussed the preferred shares of Summit Hotel Properties (NYSE:INN), the recently reported full-year results are an excellent reason to have another look at the REIT and the safety of its preferred shares. INN Investor Relations As you can…
Bloomberg/Bloomberg via Getty Images Don’t overstay your welcome. I regard CrowdStrike (NASDAQ:CRWD) as among the highest quality tech stocks in the market today. The company is a market-leading “consolidator” in the ever-relevant cybersecurity industry. The rise of generative AI has increased the long-term demand for cybersecurity products, especially best-in-class offerings like those from CRWD. Yet…
Bilanol/iStock via Getty Images Introduction I have owned the preferred shares of Sunstone Hotel Investors (NYSE:SHO) for several years now as I think the (cumulative) preferred dividends offer an excellent stream of quarterly dividends that I don’t have to worry about thanks to the robust balance sheet of the REIT. Data by YCharts The recently…
Peter Nicholls/Getty Images News Shares of British bank Lloyds (NYSE:LYG) continue to look attractive following the release of Q4 results on Thursday (Feb 22). In my last piece, I highlighted the bank’s compelling capital returns potential, with Lloyds essentially in position to distribute all of its near/medium-term capital generation to shareholders, with this equating to…
HENRY NICHOLLS/AFP via Getty Images NatWest (NYSE:NWG) stock has regained some lost ground since I upgraded it to ‘Strong Buy’ in my last update in October. Shares of the British bank have returned around 37% in that time in USD terms, mapping to around 24ppt of outperformance versus its closest peer Lloyds (NYSE:LYG) and around…
PATRICK T. FALLON/AFP via Getty Images As a value investor, growth investing can be a scary concept. Paying a high price, a price that is higher than justified based on current fundamentals, with the hope that future growth will not only make up that gap but also allow you to achieve a robust return does…
SOPA Images/LightRocket via Getty Images NCR Atleos: Investment Thesis My previous article in relation to NCR Atleos Corporation (NYSE:NATL) was back on 17 October 2023, “NCR: Spinoff Of ATM Business Completed – Expect ‘Spin’ To Continue – Downgrade To Sell”. At that time, NCR Atleos had just transformed from being a wholly owned subsidiary of…
SimonSkafar/E+ via Getty Images Generally speaking, experiencing revenue growth is a positive thing for companies. However, it doesn’t always mean that bottom line improvement will follow. And at the end of the day, it’s the profits and cash flows of an enterprise that determine its value, not the amount of sales it brings in. A…
Andrey Semenov Nobody is perfect when it comes to investing. I wish I were, but I am far from it. But one thing I can take pride in is the fact that, when I am wrong, I end up admitting it. In an article that I published in late October of last year, I made…
DNY59 IAF Overview The abrdn Australia Equity Fund Inc (NYSE:IAF) is a closed end fund that invests in Australian companies listed on the Australian Stock Exchange. Its primary aim is to achieve long-term capital appreciation. Secondary to that is the objective to deliver regular income. This is expected to be derived primarily from the underlying…
Caziopeia Although the appliances industry might not seem all that exciting, it does offer the potential for some significant upside if you can buy a firm in this space at a good price. That’s where the beauty of value investing comes into play and truly shines. Even a business that is experiencing a weakening of…
Justin Sullivan Popular denim maker, Levi Strauss (NYSE:LEVI), reported its Q4 results on Thursday. Despite notable developments such as the announcement of a new global productivity initiative, as well as the official start of Michelle Gass’ tenure as CEO, markets appeared to shrug off LEVI’s report. Shares ended the week largely flat, following swings between…
FactoryTh/iStock via Getty Images A Hold Rating for Ivanhoe Mines This article reiterates a “Hold” rating on Ivanhoe Mines Ltd. shares (OTCQX:IVPAF) (TSX:IVN:CA) in both markets, in line with the previous article. The previous article suggested a “Hold” rating on Ivanhoe Mines’ shares, as the company was considered well-positioned to benefit from increasing demand for…
JHVEPhoto 2024 is already turning into the year of the chip stocks. Names like NVIDIA (NVDA), AMD (AMD), Broadcom (AVGO), and even Qualcomm (QCOM) have performed well as AI enthusiasm shows few signs of letting up. More bullish industry earnings news came last week, lifting so many stocks in the industry. Has the fervor gotten…
JamesBrey/E+ via Getty Images Look, we get it. CrowdStrike (NASDAQ:CRWD) has a lot of fans out there, us among them. The stock has been on fire over the last year or so, gaining more than 160% in a relatively short space of time, and the stock is now almost completely back to all-time highs, something…
Tim Allen Prologis, Inc. (NYSE:PLD), formed in 1997 and headquartered in San Francisco, CA, is currently the largest REIT by market capitalization and focuses on the ownership, development, and management of logistics facilities located in 19 countries across four continents. The company’s operating performance, along with its solvency profile and widely diversified portfolio makes the…
Roman Tiraspolsky Is the EV trade in trouble? Earlier this month, Hertz (NASDAQ:HTZ) announced that it plans to sell off a third of its electric vehicle fleet, opting to buy gasoline-powered cars with some of the cash proceeds. The firm sees lower demand for EVs while repair costs for that group of vehicles have soared….
bigtunaonline/iStock via Getty Images As much as I wish I could say that I had a perfect track record when it came to pointing out attractive investment opportunities, that would be a lie. Nobody, not even the great Warren Buffett, has a perfect track record. One firm that I came out bullish on back in…
LockieCurrie A “Hold” Rating For Perpetua Resources Corp. This analysis recommends a “Hold” rating on the stock of Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA:CA) compared to the previous rating of “Buy”. Perpetua Resources’ stock was rated “Buy” in the previous article due to the increased potential for profitable gold production in Idaho and the positive gold…
Mario Tama Thesis Citi (C) reported earnings on January 12, 2024, that beat EPS estimates, but trailed revenue expectations. Citi is a mammoth organization spanning the globe, and while it took some impairment charges around its Russia and Argentina businesses, its Tier 1 capital ratio stands at a very healthy 13.3%: Q4 2023 Results (Citi)…