RichVintage/E+ via Getty Images It finally looks like the AI boom in investor buying of semiconductor equities is ready to roll over into a stretch of selling. Why? Sure, valuations and pricing have been reaching for ever higher extremes since last summer. My bearish view is an unexpected rise in inflation and interest rates into…
Justin Sullivan Another earnings, another “disaster,” as United Parcel Service (NYSE:UPS) stock has declined nearly 10% this week after its disappointing fourth-quarter earnings scorecard and forward guidance yesterday. UPS also suffered a blowout following its third-quarter earnings release, which I discussed in my previous update in November 2023. However, I also reminded UPS investors that…
MihailDechev/iStock via Getty Images Introduction Dorian LPG (NYSE:LPG) is one of the leading LPG shipping companies. It operates 25 vessels, 4 of which are chartered-in. Besides that, it participates in the Helios LPG pool along with MOL Energia. Being part of the pool, LPG operates 27 additional vessels. The company`s vessels are, on average, eight…
borchee At a Glance As I return to Cassava Science’s (NASDAQ:SAVA) stock to begin the new year, I notice that its market capitalization is exactly $1 billion at the time of writing—up 60% since my last update in October. This puzzles me, as nothing has changed fundamentally. Cassava’s pipeline is entirely dependent upon the success…
Maryana Serdynska/iStock via Getty Images Independence Realty Trust, Inc. (NYSE:IRT) is a REIT mainly involved in acquiring, managing, and improving multi-family apartment communities within secondary markets. Beyond its diverse portfolio in attractive markets, the fast operating growth, and the conservative use of leverage, Independence Realty’s shares trade at a huge discount to NAV, making the…
da-kuk China’s Politburo meeting statement this month confirmed that the central government is ready to step in with expansionary fiscal policy heading into 2024. The caveat to this pro-growth stance is that any easing will be carried out “at an appropriate pace” – hardly sufficient intervention, in my view, given a backdrop of slowing growth,…
olm26250 FS KKR Capital (NYSE:FSK) is one of the largest business development companies or BDC by market cap. It last traded at a market cap of about $5.6B, recovering significantly from the October 2023 pullback. The BDC also delivered a solid third-quarter or FQ3 earnings release on November 6, benefiting from the market’s confidence in…
imantsu The Gorman-Rupp Company (NYSE:GRC) sells pump systems to multiple industries. The company has completed the acquisition of Fill-Rite in 2022, fueling the company for better margins and revenue growth through growth synergies. The company has executed well after the acquisition with good growth in Q3 along with strong margins. Still, the stock doesn’t seem…
Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report on Tuesday, citing…
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…
urbancow Fastenal Company (NASDAQ:FAST) manufactures and sells industrial and construction supplies to businesses. The company has demonstrated very impressive long-term financials. As the company’s valuation reflects an excessively good performance from the company, though, I have a sell-rating for the stock at the current price. The Company Fastenal provides industrial supplies – the company’s offering…
karelnoppe The Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) leverages a momentum strategy focused on racy industrial stocks, defined proprietarily. This approach is capable of delivering meaningful returns when the stars align, as past performance has illustrated. However, there are a few issues with this vehicle. First, the current market environment does not look entirely…
John Moore/Getty Images News Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) investors have suffered since SQM’s upward momentum topped out in early July before retracing nearly all its gains from its April lows. I assessed that the selloff on SQM over the past two months was steep, likely spooking dip buyers who loaded up…
Scott Heins Realty Income Corporation (NYSE:O) investors have suffered another meltdown, as the selling carnage forced a battering that took O back toward lows last seen in October 2022. As such, despite posting a robust second-quarter or FQ2 earnings release in early August, investors weren’t amused, as the yield-driven volatility is back to haunt O…