bjdlzx Energy stocks have recently entered a revival phase that lifted the Energy Select Sector SPDR® Fund ETF (XLE) toward its recent highs. The sector has benefited from the resurgence in crude oil futures (CL1:COM), shaking off the bearish sentiments that saw CL1 bottom in December 2023. Coupled with the persistence of the OPEC+ production…
zimmytws/iStock via Getty Images The NCAA’s March Madness tournament is an annual opportunity to learn humility. I know I’ve written about this in past years, but the odds of filling out a perfect bracket are astronomical. It’s worth addressing again in 2024, starting with a quote from the NCAA itself. Early in March, while everyone…
NurPhoto/NurPhoto via Getty Images fuboTV Inc. (NYSE:FUBO) operates a sports-focused vMVPD provider by the same name. Over the last several years, FUBO has had an interesting tailwind as the company has served as one of the few streaming pure-play stocks in the public markets after much larger companies like Netflix (NFLX) and Roku (ROKU). I’ve…
Hispanolistic The SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) invests across U.S. investment-grade corporate bonds with a maturity between 1 and 3 years. In this case, SPSB isn’t necessarily the most conservative bond fund in the market, but it can be a good alternative to cash or money-market funds. When thinking about bond funds,…
Scott Olson I’ve heard Hershey (NYSE:HSY) often mentioned in quality investing circles in recent weeks and months as a rare opportunity to invest in a high-quality consumer staples behemoth. Over the last five years, Hershey performed well until May 2023 and has traded down 30% for a total 41% return. Let’s review the business and…
Tungus-ka/iStock via Getty Images A reader recently asked me about my outlook on mortgage REITs. They wondered why I had such an uninspired outlook when nearly everyone agrees that interest rates are going to fall. I want to answer that for you, but it might as well be an article. Mortgage REITs are the poster…
santosha/E+ via Getty Images Thesis I rate Adecoagro S.A. (NYSE:AGRO) a Hold with an end-of-year price target of $14.41, which represents a potential 30% upside to its current price of ~$10.80/share. Using an EV/EBIT multiple of 10x and estimating the EBIT across AGRO’s three largest segments, Sugar & Ethanol, Rice, and Dairy, my model suggests…
Daniel Grizelj Dividend stocks have plenty of competition these days, not least of which comes from Treasury bonds and high yield savings accounts. However, there is no free lunch, as who knows for how long higher rates will last. I believe that while socking money away into CDs may seem appealing today, keeping one’s options…
Scott Olson It’s been a rough year for packaged foods companies, with some names (Campbell Soup (CPB), Flowers Foods (FLO),and Kellanova (K)) down more than 20%. Mexico’s Grupo Bimbo (OTCPK:BMBOY)(OTCPK:GRBMF)(BIMBOA.MX) has done better than most, declining only slightly since the start of the year and about 7% since my last update on the company (the…
Andres Victorero Yields have been surging in recent weeks as markets price in rising credit risk and the likelihood of the Fed remaining higher for longer. Our view on credit risk hasn’t changed this year – Fed tightening cycles are a risky time to take excessive credit risk, as the Fed jacks up rates and…
Nattakorn Maneerat The party of Wall Street appears to be ending, and Morgan Stanley’s earlier prediction that we’d get close to a new record high before falling to new lows (about 30% below record highs) appears to be coming true. Ycharts The market gods have been teasing investors, letting them think that the worst was…
Dilok Klaisataporn/iStock via Getty Images Charlie Munger, Warren Buffett’s business partner, once said that “life will have terrible blows in it, horrible blows, unfair blows. It doesn’t matter. And some people recover, and others don’t.” I can relate. As many of you know, I was a successful real estate developer in my past life. The…