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…
Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted. With this barrier gone, financial advisors, mutual funds, pension funds, insurance companies and retail investors can now receive Bitcoin exposure without…
jetcityimage Macro and micro factors have been at play, driving some sharp outperformance and severe underperformance among the diversified Industrials sector of the S&P 500. One of the poorest stocks in that slice of the SPX is 3M Company (NYSE:MMM). The firm continues to face uncertainty with investigations and lawsuits, casting a significant shadow, critics…
Feng Li Shenzhen SASAC and Shenzhen Metro Group offered the hometown property champion their support after investors worried about its ability to repay its debt. First it was Evergrande (OTC:EGRNQ)[3333.HK], then Country Garden (OTCPK:CTRYF)[2007.HK]. Now, everyone is trying to guess who among China’s debt-challenged real estate developers will be next to fall into crisis. Once…
gorodenkoff/iStock via Getty Images Investment Thesis monday.com Ltd. (NASDAQ:MNDY) is a work operating system that provides a collaborative platform for teams to manage projects, workflows, and tasks effectively. By offering a visual and intuitive interface, monday.com facilitates seamless communication, coordination, and organization, enhancing team productivity and project management. monday.com reported its Q3 2023 results two…
JHVEPhoto Since I last wrote about Comerica (NYSE:CMA) two months ago, shares have fallen by 13% with losses that had been even worse before Thursday’s 6% rally on hopes the Federal Reserve has completed its rate-hiking cycle. Responding to a commenter on October 27th, I said that given the drop in shares, I would now…
martin-dm/E+ via Getty Images Tapestry deal signals a positive sentiment Tapestry (TPR) has agreed to acquire Capri Holdings (CPRI) for $57 per share in an all-cash deal valuing Capri at approximately $8.5 billion enterprise value. In May, we published a paper and took a position on Capri because we thought the value was favorable. We…