PM Images Written by Nick Ackerman, co-produced by Stanford Chemist. The Gabelli Dividend & Income Trust (NYSE:GDV) is a closed-end fund that provides investors with a diversified portfolio of equities. The fund has a mostly value-oriented approach, with financials and healthcare as its largest sector exposure. However, you will still see a couple of mega-cap…
yalcinsonat1 By James Knightley | Padhraic Garvey, CFA | Chris Turner Fed keeps rates at 5.25-5.50% As universally expected, the Federal Reserve has left the Fed funds target rate range at 5.25-5.50%. The decision was unanimous and was made pretty easy, given inflation continues to run too hot for comfort, consumers are still spending strongly,…
guvendemir/E+ via Getty Images Exchange Income (TSX:EIF:CA) is a diversified aeronautical and manufacturing business with a focus on regional and specialty aviation. EIF is based in Winnipeg, Canada. In its 20-year history, EIF has grown from a single regional airline to reach a market capitalisation of CAD 2.2bn and provided its shareholders with a 19%…
Marc Dufresne The Bank of Canada kept its key policy rate on hold at 5%. The central bank says it’s starting to see the economic conditions needed to lower rates, but that it’s looking for more evidence the momentum can be sustained. Hafiz Noordin, VP & Director, Active Fixed Income Portfolio Management, TD Asset Management,…
PM Images Investment Thesis Jack Henry & Associates (NASDAQ:JKHY) reported results on the 6th of February, beating EPS and revenues. The price has moved up 2.1% since the results and I believe there is significantly more upside in this share price. The company sports a wide moat that focuses on providing payment processing services primarily…
Sundry Photography Thesis Over the past year, the price of nVent Electric plc (NYSE:NVT) rose by more than 78%, making it a capital gains hero. The company has been an aggressive growth stock since it became independent and publicly traded in 2018. The provider of electrical connections and protection solutions should grow again this year,…
yalcinsonat1 By Stephen H. Dover, CFA, Chief Market Strategist, Head of Franklin Templeton Institute | Rick Polsinello, CIMA, Senior Market Strategist, Franklin Templeton Institute Originally published in Stephen Dover’s LinkedIn Newsletter Global Market Perspectives. As was widely expected, the Federal Reserve (Fed) decided to leave the Fed funds rate unchanged at its March 20 Federal…
Maksim Labkouski Global PMI rises for fourth straight month to hit eight-month high S&P Global’s PMI surveys indicated that the global economy gained further growth momentum in February. At an eight-month high of 52.1, against 51.8 in January, the headline PMI covering manufacturing and services over 40 economies has now risen for four consecutive months….
patpitchaya AI Hype Missed Texas Instruments Texas Instruments (NASDAQ:TXN) is a well-established semiconductor company focusing on trailing-edge process applications. Accordingly, Texas Instruments’s primary focus is increasingly on the 300mm wafers, underpinning its robust profitability expansion in recent years. Texas Instruments has also enhanced its manufacturing footprint, capitalizing on the strategic focus on domestic production. Nvidia…
Dzmitry Dzemidovich Introduction VICI Properties (NYSE:VICI) recently reported their Q4 earnings to close out the year. Despite the challenging economic backdrop, especially for REITs, VICI delivered a strong Q4 and even exceeded my expectations. I’ll actually be traveling to Las Vegas soon, so I felt compelled to give readers an update on my biggest REIT…
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…
PM Images/Stone via Getty Images Introduction By now, I doubt that it may come as a surprise to many readers when I say that I have started to like the midstream industry a lot in recent years. While the industry was total dead money before 2021 due to elevated capital spending and subdued income, it…
svetikd Sportradar (NASDAQ:SRAD) is a global leader in sports data and intelligence, providing a range of solutions to the sports industry, media companies, and sports betting operators. Headquartered in Switzerland, the company operates in over 115 countries with 1,790 customers as of December 2022 and holds partnerships with dozens of leagues, federations, and rights holders,…
tadamichi Written by Nick Ackerman, co-produced by Stanford Chemist. The last time we covered the Calamos Convertible Opportunities and Income Fund (NASDAQ:CHI), the premium to the net asset value gave us pause. Today, the premium is a bit lower, but it still also isn’t looking like a steal either – keeping it at about fair…
bob_bosewell/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. The last time we touched on Cohen & Steers Total Return Realty Fund (NYSE:RFI), we also took a look at Cohen & Steers Quality Income Realty Fund (RQI). These funds are quite similar in terms of their approach in terms of investing in…
Tim Boyle PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food, snack, and beverage corporation. Founded in 1898, PepsiCo is now a $232 billion (by market cap) food and beverage behemoth that employs nearly 320,000 people. The company reports results across seven segments: PepsiCo Beverages North America, 30% of FY 2022 revenue; Frito-Lay North America, 27%;…
With the US inflation having eased without significant unemployment, the Fed unanimously agreed to hold the borrowing rate between 5.25 and 5.5 percent for the third consecutive time. The United States stock market recorded a profitable day led by the Dow Jones Industrial Average (DJIA) and the S&P 500, after several high-impact news released by…
In the midst of economic uncertainties, the crypto market, particularly Bitcoin, has experienced notable price movements. The crypto market is witnessing a surge in Bitcoin (BTC) price, reaching over $37,400, while US Treasury yields remain little changed since Friday. As investors keep a close eye on economic data that could influence the Federal Reserve’s monetary…
Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead. The world’s largest cryptocurrency Bitcoin (BTC) has been consolidating around $34,400 levels recently with the Bank of Japan (BoJ) recently deciding to soften its grip on the “yield curve control” program. On Tuesday, the central bank maintained the…
BreatheFitness Covering Spanish multinational banking giant Banco Santander (NYSE:SAN) early last year, I argued that while the shares were cheap, they may underperform European peers with better capital returns potential like ING (NYSE:ING) and BBVA (NYSE:BBVA). That call has worked out nicely, with SAN materially trailing both those tickers albeit still returning a decent 25%…
maybefalse/iStock Unreleased via Getty Images Opportunity Summary Amid a time of geopolitical uncertainty, international rate hikes and a slowing global economy Alibaba (NYSE:BABA) is trading at depressed levels. At the same time the Chinese government is doing their best to support the local tech-industry. The plan is to increase computing power by more than a…
ah_fotobox Shares of AvalonBay(NYSE:AVB) are essentially flat over the past year as a dividend hike has been offset by fears over the rental market and interest rates. Since I wrote about the stock last October, shares have fallen about 5%, as rising interest rates have hit dividend-oriented and real estate stocks. Admittedly, rates have gone…
Dilok Klaisataporn By James Knightley, Chief International Economist; Padhraic Garvey, CFA, Regional Head of Research, Americas; and Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE The Fed has left the Fed funds target range at 5.25-5.5% and continues to indicate the prospect of another 25bp hike this year….
Wirestock/iStock Editorial via Getty Images The Utilities sector has been one of the worst-performing areas of the market over the past year. Recall it was September 2022 when the XLU Utilities Sector SPDR plunged as interest rates surged. While the fund found a low the following October, its rebound rally petered out in January, and…
China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve’s Jackson Hole symposium for any further guidance. On Monday, August 21, China announced its decision to cut the one-year benchmark lending rates with authorities seeking to ramp up efforts…
champc Following the YTD strength in equity markets, Russ Koesterich discusses how a combination of cyclicals, and a growth bias may serve investors well in today’s market. Following last year’s plunge across markets, technology and growth stocks are back on top. Aside from a brief wobble in February, year-to-date growth has crushed every other investment…
Kobus Louw Thesis This article delves into Affiliated Managers Group, Inc.’s (NYSE:AMG) Q2 2023 earnings that showcased a combination of strengths and challenges, evaluates its performance against market trends, explores its valuation, identifies potential risks and headwinds, and ultimately suggests a cautious “hold” rating for investors. Company Overview Affiliated Managers Group, Inc., a well-established investment…