PM Images Written by Nick Ackerman, co-produced by Stanford Chemist. Calamos Strategic Total Return Fund (NASDAQ:CSQ) has performed quite well since our last update earlier at the start of 2024. The fund provides investors exposure to a diversified pool of primarily equity positions but also has a sleeve of convertible and high-yield securities. The fund…
Kameleon007 Last January, we wrote an article titled, Price Breakout Confirmed: Why The Advance Should Continue Through August (here). Evidence continues to point to the correctness of this forecast. In the article, we said, Not How High, But How Long While most investors try to estimate the high point of an advance, we prefer to…
Image Source/DigitalVision via Getty Images Investment action I recommended a buy rating for Bombardier (TSX:BBD.B:CA) (OTCQX:BDRBF) when I wrote about it during March last year, as I expected the business to achieve its FY25 EBITDA target, and when that happens, the stock should at least trade back to its historical average EBITDA multiple. BBD.B:CA share…
El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as a legal tender under the leadership of President Nayib Bukele. This groundbreaking decision has enabled significant financial improvements across the small Central American nation. Yesterday, El Salvador launched its website to track its national Bitcoin treasury holdings to further its…
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…
Adam Gault All eleven sectors of the S&P 500 (SP500) finished higher last week to end a three-week losing streak for the index that was instigated by fears of stalled progress on inflation and a “higher-for-longer” interest rate policy from the Federal Reserve. Reigniting investor enthusiasm were earnings reports from some of our largest technology…
bankerwin Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that…
gremlin Investment action I recommended a buy rating for Luminar Technologies (NASDAQ:LAZR) when I wrote about it the last time, as execution was on point and the business was working well towards its FY30 targets, notably with the cash position potentially improving. Based on my current outlook and analysis, I recommend a buy rating. I…
nycshooter/iStock via Getty Images JBS (OTCQX:JBSAY) is the largest meat protein company in the world and the largest food company by revenue. In January I wrote a Buy article on the company. The reason was the company’s moat on its markets, good capital allocation and returns, geographical and protein source diversification, long-standing management and strong…
Richard Drury There is no question that the Calamos Convertible & High Income Fund (NASDAQ:CHY) has proved very successful over the years, as evidenced by the fund’s performance versus the benchmark and the peer group. Such consistent results are reflected in a double-digit premium to NAV, as opposed to other convertible funds not managed by…
~UserGI15994093/iStock via Getty Images Since our initiation of coverage, Positive Megatrends & Supportive Capital Allocation Priorities, Prysmian (OTCPK:PRYMF) delivered a >30% total return. Our team has already increased the target price to €43 per share, but after the results for the fiscal year 2023, the company is now > €46 per share. Our supportive equity…
Wong Yu Liang/Moment via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. The last time we touched on the Western Asset High Income Fund II (NYSE:HIX), I noted that the fund looked to be unappealing due to valuation. I highlighted a couple of potential opportunities that seemed a bit more attractive. That included…
Christian Adams/The Image Bank via Getty Images Investment Thesis Patria Investments (NASDAQ:PAX) is successfully executing an ambitious consolidation strategy of the Latin American alternative asset management landscape, delivering economies of scale through sustained AUM growth. Its recurring revenue base is set to be bolstered by significant performance fees as the capital markets’ environment recovers, driving…
Aksana Kavaleuskaya By James Knightley, Chief International Economist ISM services rebounds, but contradictions with official data continue The ISM services index has bounced back nicely in January with the headline index at 53.4 versus 50.5 in December. The consensus was 52.0 with anything above 50 equating to expansion and anything below 50 being a contraction….
anouchka Thesis Gabelli Global Deal Fund (NYSE:GDL) is a closed-end fund that is part of famed value investor Mario Gabelli’s GAMCO investment complex. GDL has a long track record of outperforming its benchmark via expert management using a niche investment style. Despite strong performance, GDL trades at a 20% discount to NAV. GDL invests in…
Love Employee/iStock via Getty Images Genmab (GMAB) is a leading contender in the biotech industry, demanding attention from investors for its innovative technology, robust pipeline, and strategic collaborations. In my previous Genmab article (6/9/22), I discussed how the company’s antibody technology, broad portfolio, and impressive list of collaborations would continue to yield significant growth. Fast…
lechatnoir Overview My recommendation for PVH Corp. (NYSE:PVH) is a buy rating, as I like how the business momentum has been so far, especially with PVH meeting internal targets without using too much promotion. This bodes well for 4Q23 performance and FY24 growth. Note that I previously gave a buy rating for PVH, as I…
MarsBars Written by Nick Ackerman, co-produced by Stanford Chemist. Barings Corporate Investors (MCI) is a fund that invests primarily in the private high-yield market. In particular, with significant exposure to floating rate securities and has been benefiting from that through higher income-generation. That has led to the fund increasing its distribution regularly over the last…
minoandriani/iStock via Getty Images Investment Thesis Lifeway Foods, Inc. (NASDAQ:LWAY) is an American health food company headquartered in Morton Grove, Illinois. In this thesis, I will analyze its third-quarter results and its future growth prospects. I will also be analyzing its valuation at current price levels and its upside potential. I believe it has managed…
shih-wei The November CPI came in a touch hotter than expected at +0.1% month-over-month. Core inflation was right on the forecast at +0.3% compared to October. On a year-on-year basis, Headline CPI is now +3.1% while the ex-food and energy rate is +4.0%, unchanged from October – both matching economists’ expectations. The CPI figure itself…
choochart choochaikupt Thesis Summary NIO Inc. (NYSE:NIO) has just reported its Q3 results, showing strong growth and an improving margin. The stock is up on the day, as investors seem to believe this could be a turning point for the stock. Indeed, I believe the worst could be behind the Chinese economy for now. NIO’s…
Scharfsinn86/iStock via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Aurora Innovation (NASDAQ:AUR) was on the right track in terms of execution and achieving its commercial launch by the end of 2024. I am reiterating my buy rating as I do not…
Thapana Onphalai Back in July, I wrote that the stock of Okta (NASDAQ:OKTA) was undervalued and to buy the dip. With the stock up over 22% since then, and up about 19% since my initial write-up let’s catch on the name. Company Profile As a quick reminder, OKTA is a cloud-based security firm that helps…
gremlin The strength of Morningstar’s moat indexes lies in its forward-looking approach to selecting quality companies, as shown by its history of outperforming the S&P 500 over long holding periods. August was a volatile month for U.S. equity markets. The S&P 500 Index (SP500, SPX) finished the month in negative territory for the first time…
The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According…
Editor’s note: Seeking Alpha is proud to welcome Bondy Investing as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » SolStock/E+ via Getty Images Thesis AppLovin Corporation (NASDAQ:APP) is…
Pgiam/iStock via Getty Images Introduction “ I called for a Correction a week ago (on Aug 04), based upon on 1) the SDI (the S&P 11-Sector Diffusion Index) and the TDI (the Trifecta Distribution Index). The focus of the two indices is to abstract the delicate pattern of motions, by suppressing their very important ingredient,…
Teka77 Here at the Lab, we are pleased with E.ON’s H1 financial figures (OTCPK:EONGY). We had a good rating update on the German transmission provider. Indeed, when we were overweighting the company (Fig below), we recorded a positive stock price performance of >30%, and then, following our consistency in the sector valuation, continued to imply…
Thinkhubstudio Reaves Utility Income Trust (NYSE:UTG) is a closed-end fund that specifically focuses on utility stocks for the purpose of income generation. The fund has been around for almost 2 decades and it has a strong track record which almost matches the performance of S&P 500 index (SPY) which not many actively managed funds can…
In the realm of music, the rise of AI-generated content has sparked a dynamic conversation about copyright, innovation, and the future of creative expression. Universal Music Group (UMG), one of the world’s leading music companies, is reportedly negotiating with Google to license melodies and vocal tracks of artists for use in songs generated by Artificial…
Irina Gelwich/iStock Editorial via Getty Images After analyzing Enagás Q2 results (OTCPK:ENGGF, OTCPK:ENGGY), we are back to providing new insight. At the Lab, we are Enagás’ investors with skin in the game; however, we are no longer bullish on the company’s potential upside. We were first believers in Enagás’s Crucial Role In The EU Energy…