hapabapa Lucid Motors (NASDAQ:LCID) presented disappointing quarterly earnings for its 1Q24 on May 6, 2024 that triggered another huge stock drop. However, Lucid Motors had better-than-anticipated sales for the first quarter and reported a narrowing of losses. With that being said, the company continues to produce and deliver only a very small amount of electric-vehicles…
Palto/iStock via Getty Images Investment Thesis fuboTV Inc. (NYSE:FUBO) was once a high-flying stock with a massive shareholder following. Today, it’s a shadow of its former self. And even though the stock is down significantly from its all-time highs, I argue that not only is this stock not undervalued, but it’s actually likely to sell…
PM Images The previous 12 months haven’t been kind to British American Tobacco (NYSE:BTI) as shares have declined -14.91%, and it’s been an even worse decade as shares have fallen -46.46%. The tobacco industry continuously finds itself under pressure as it’s synonymous with health risks and government regulations. Despite individual opinions, the facts are that…
tupungato As one of Korea’s big banks, Woori Financial Group Inc. (NYSE:WF) looks poised to benefit from some very powerful tailwinds ahead. The key to Korea’s trade-dependent economy has always been export growth and on this front, recent data points to a very positive rate of change; this, in turn, bodes well for near-term credit…
z1b Shares of Super Micro Computer (NASDAQ:SMCI) have been on a tear this year, soaring 296% since the start of the year on strong growth results shown in the company’s FQ2’24 earnings card and surging investor interest in a company that is benefiting from the AI revolution. Super Micro Computer even out-performed Nvidia (NVDA) YTD…
Pla2na/iStock via Getty Images Performance Assessment I’ve been the only bear on British American Tobacco (NYSE:BTI) (OTCPK:BTAFF) among Seeking Alpha analysts. Following my first ‘Strong Sell’ view on BTI, the stock underperformed the S&P 500 by 9.48% on a total shareholder return (TSR) basis, and also delivered an absolute TSR of -0.89%. In my second…
SOPA Images/LightRocket via Getty Images The Greek historian Thucydides once pointed out that “It was the rise of Athens, and the fear that this instilled in Sparta, that made war inevitable” between the two historic rivals. Those words carry new resonance more than 2,000 years later in the growing rivalry between the U.S. and China,…
Nikada Introduction In early February 2023, I wrote a bullish article about L.S. Starrett (NYSE:SCX) in which I said that the company was successfully passing on increased costs to customers and the valuation could improve to about 0.8x price to book value over the coming months. The market capitalization of has soared by just over…
csfotoimages/iStock Editorial via Getty Images The sustained collapse of equity office REITs since 2022 has likely opened up some opportunities to acquire highly distressed assets with decent underlying fundamentals despite the bleak backdrop posed by the tripartite of high interest rates, work-from-home trends, and the specter of a recession. City Office REIT (NYSE:CIO) is down…
AnnBaldwin/iStock via Getty Images We previously covered Verizon Communications Inc. (NYSE:VZ) in October 2023, discussing how its excellent financial performance had been negated by the sustained stock sell-off. With it already losing much of its value over the past few quarters, we had taken the prudent choice to re-rate the stock as a Hold, with…
perets GAMCO Global Gold, Natural Resources & Income Trust (NYSE:GGN) stood out to me because I know there’s a segment of investors who believe in gold and because of the high dividend yield on this security (around 10%). As such, the shares may seem attractive to folks at an initial glance. Yet, I’m going to…
nemke/iStock via Getty Images While the short- to medium-term direction for the broader equity market appears to be very much uncertain, many investors may be looking for more defensive plays. With the Buffett Indicator still flashing overvalued, pivoting to defensive makes a lot of sense: Wilshire 5000 to GDP Ratio (Longtermtrends) In the quest to…
PM Images Introduction A new wave of covered call ETFs have swept unsuspecting income investors away with eye-popping distribution rates. The YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) is one such ETF currently promising a 60% distribution rate. You read that right. Sixty percent. TSLY Distributions (YieldMax ETFs) TSLY (I’ve been pronouncing it “tes-lee”, please…
DNY59 We previously covered Citigroup Inc. (NYSE:C) in July 2023, discussing its bright prospects thanks to TTS’ role as a crown jewel of the bank’s global network, potentially boosting its valuation moving forward. We had ended the article with a Buy rating then, attributed to its expanded forward dividend yields, thanks to its depressed stock…
VanderWolf-Images/iStock Editorial via Getty Images There are two basic stages in selecting a value stock: Use a number of criteria helpful in defining a stock selling below its fair value. Go back over the numbers and the broad argument attempting to poke holes in your thesis until you are confident the stock is not a…
georgidimitrov70/iStock Editorial via Getty Images Shares of Harley-Davidson (NYSE:HOG) have been a poor performer over the past year, losing 16% of their value, continuing what has been a long period of poor performance. Shares have lost over half of their value in the past decade as the company tries to stay relevant to a new…
mikkelwilliam By Levi at Elliott Wave Trader, produced with Avi Gilburt While the (SPY) managed a meager +2% gain, in the same time frame Toyota (NYSE:TM) has run some 30%-plus. We talked about this setup back at the end of May in this article: Toyota Motor: Has It Lost That Loving Feeling?. Updated commentary on…
domin_domin About a year ago, I wrote a cautious article on the Allspring Global Dividend Opportunity Fund (NYSE:EOD). Although the EOD fund had earned modest 10Yr average annual returns of ~3%, it was paying an 11% distribution yield. The gap between the fund’s earnings power and distribution was unusually wide and I worried that the…
sitox I was one of those people who were skeptical about Nvidia Corporation’s (NASDAQ:NVDA) growth potential due to the increase in geopolitical risks. I also changed my mind a few months ago when the company aggressively increased its guidance just as I was testing various generative AI apps to improve my workflow efficiency. Since Nvidia…
niphon/iStock via Getty Images I think Fed officials set the stage for one of the greatest bear traps of all time yesterday with the adjustments they made to their Summary of Economic Projections. What is a bear trap? It is a false signal that a reversal is coming from what was an up-trending stock market…
Michael M. Santiago Chip design company Arm Holdings (NASDAQ:ARM) completed its Initial Public Offering last week which resulted in a significant 25% valuation gain on the first day of trading. However, the company is trading at an inflated valuation and achieves a market cap of $62B although Arm virtually produced no top line growth in…
Matteo Colombo Within Southeast Asia, Singapore continues to be one of the more resilient equity markets, posting flat returns YTD relative to the negative returns for most other single-country ETFs in the region. But as I highlighted in my prior coverage of the iShares MSCI Singapore ETF (NYSEARCA:EWS), the same tailwinds that underpinned this bank-heavy…
PixelsEffect It’s been an excellent year for stock market investors with the S&P 500 (SP500) returning more than 17% thus far and nearly 30% higher from the 2022 lows. The combination of a resilient economy, easing inflation, and strong corporate earnings surprised a lot of very smart people from this time last year. We’ve been…
DNY59 Investors in Lumen Technologies, Inc. (NYSE:LUMN) must be stunned at the waterfall decline in LUMN over the past year, as it reached lows last seen before the 1990s. I had to zoom out of my long-term price chart (monthly candles, mind you) to know where the current price action lands. I have also been…