JasonDoiy The following segment was excerpted from this fund letter. PayPal (NASDAQ:PYPL) PayPal has been a long-standing holding for Wedgewood, since 2015. After taking some of our gains around the company’s COVID-19-fueled peak in 2021, we have been adding to the stock slowly over the past two years, taking it back to a significant position…
In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan…
da-kuk I published an article on SentinelOne, Inc. (NYSE:S) about 9 months ago. To summarize my thoughts at the time, I think the company was obviously very promising but I was worried that profitability was looking increasingly far off. On the contrary, management was actually targeting at the time to reach profitability on a cash…
gorodenkoff Elevator Pitch I rate HUYA Inc. (NYSE:HUYA) shares as a Buy. My prior November 15, 2023 write-up reviewed HUYA’s financial performance for the third quarter of last year. The current update analyzes HUYA’s recently announced Q4 2023 financial numbers. I have decided to upgrade my investment rating for HUYA to a Buy. I am…
Kosamtu/E+ via Getty Images Turning Point Brands Inc (NYSE:TPB) reported its latest quarterly results capping off a transitional year in an ongoing turnaround compared to a weaker 2022. Recognized as a leader in smoking accessories and alternative tobacco products, TPB is far removed from the pandemic-era growth boom but is managing to drive solid profitability….
tsingha25/iStock via Getty Images Elevator Pitch I have a Hold investment rating for ON24, Inc. (NYSE:ONTF) shares. Previously, I highlighted that ON24’s valuations were undemanding based on the price-to-revenue metric in my earlier article written on October 12, 2023. The focus of the current write-up is the review of ONTF’s recently announced results for the…
Cecilie_Arcurs/E+ via Getty Images A few months ago, we wrote an article about Hims & Hers Health (NYSE:HIMS) titled: “Hims & Hers: 3 Reasons To Buy This Potential Growth Stock“. In that article, we made the case that the stock was incredibly undervalued when compared to the company’s growth opportunity and TAM over the long…
Dimensions/E+ via Getty Images Amid an ultra-high market environment where the S&P 500 is still sitting at the ~5,000 watermark in spite of recent concerns about the pace of Fed rate decreases, it’s a great time for investors to be extra selective in their stock-picking. I, in particular, am favoring rebound plays: companies that had…
Yevhen Smyk/iStock via Getty Images Darling Ingredients Inc. (NYSE:DAR) is considered to be the largest public company that turns edible by-products and food waste into sustainable products, such as food ingredients, animal feed, biofuels, and green energy. This aligns well with the globe’s growing environmental focus. It has been recognised as a top-rated ESG industry…
JHVEPhoto Introduction Let’s discuss Dominion Energy (NYSE:D), one of the worst utility stocks of the past few years. Over the past ten years, Dominion Energy returned just 9%, including dividends. This underperformed the already underwhelming 130% return of the Utilities Select Sector ETF (XLU). Data by YCharts On July 10, I wrote an article on…
FatCamera/E+ via Getty Images In early October, I saw some signs of stabilization for shares of Elanco Animal Health (NYSE:ELAN) amidst a still very substantial debt pile. The company has been facing revenue declines and high debt for a while, creating a tough environment to operate within, certainly in a world of higher interest rates….
cagkansayin/iStock via Getty Images AGNC’s valuation compression AGNC Investment Corp. (NASDAQ:AGNC) has been under tremendous pressure lately. The thesis of this article is to analyze why the new dot plot could be a turning point. In the remainder of this article, I will explain two key upward catalysts to argue for a bull case. First,…
Dilok Klaisataporn Transcript Oscar Pulido: Welcome to The Bid, where we break down what’s happening in the markets and explore the forces changing the economy and finance. I’m your host, Oscar Pulido. 2023 has seen high volatility across global markets driven by high interest rates, bank failures and a surge in bond yields. The financial…
LanaStock/iStock via Getty Images Turning Point Brands, Inc. (NYSE:TPB) noted double-digit growth of Stoker’s MST in a recent quarterly report, and the total amount of assets related to Stoker’s products increased. I believe that further investments in this business segment could bring further net sales growth. Additionally, given the expertise of TPB, I expect that…
DNY59 Have US Treasury interest rates and the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) gone too far, too fast? I could be asking that question about 2023’s TLT moves in both directions, but my focus here is on its recent gigantic rebound in price. For those new to bond investing, prices of bonds rise…
mattjeacock A Starbucks at every corner… in China Some brands have come to represent the American way of life and globalism. Think McDonald’s Corporation (NYSE:MCD), think The Coca-Cola Company (NYSE:KO). As much as coffee is a global beverage – grown mostly in South America, Asia, and Africa – and enjoyed by consumers everywhere, there’s another…
CopterAnansak/iStock via Getty Images This article delves into the substantial financial advancements and long-term technical trajectories of T. Rowe Price Group, Inc. (NASDAQ:TROW). The article explores the economic growth of TROW in the second quarter of 2023, marked by an increment in assets under management (AUM) despite experiencing net client outflows. The future perspective for…
Matteo Colombo Investment Summary Lithium was one of the many investment buzzwords of 2021—’22 when the spot price of the battery metal completed a meteoric rise of CNY 22,921/tonne to its peak of CNY 592,443/tonne by November ’22, rising some 2,480%. Naturally, the equity stock of all the lithium majors—especially the Australian names—followed in lockstep,…
Justin Sullivan I last updated investors on The Coca-Cola Company (NYSE:KO) in early January as I downgraded the stock following its recovery from its October 2022 lows. I reminded investors that its price action and valuation were no longer attractive. As such, the rotation into risk-on stocks has led to significant underperformance in KO and…
Mario Tama Tesla, Rivian Automotive (NASDAQ:RIVN), and other electric vehicle (EV) companies are striving for a competitive advantage, while Detroit automakers grapple with the looming threat of a paralyzing strike. BofA sees the possible strike as “almost guaranteed” per a report last week. As the industry grapples with the renewed power of labor, non-legacy automakers…
xijian/E+ via Getty Images The Company TTM Technologies, Inc. (NASDAQ:TTMI) is a $1.5-billion market cap company involved in the manufacturing and sale of a wide range of technology products. They operate in PCB and RF&S Components segments, offering a variety of technology products including custom assemblies, IC substrates, radar systems, and more. Their products cater…
SlavkoSereda/iStock via Getty Images It’s amazing how quickly things can change in the financial markets. Just a month ago, I cautioned that shares of Colombian glass and window manufacturer Tecnoglass (NYSE:TGLS) appeared to be fully valued ahead of a potential slowdown in the construction industry. Shares have since gotten walloped, with the stock dropping a…
SweetBunFactory Viatris (NASDAQ:VTRS) reported earnings on the 7th of August and showed the first signs of a turnaround in their business with a beat on top- and bottom-line. Since the first time covering Viatris, there was a lot of criticism around debt, management and that stock was a value trap. Nevertheless, the stock returned 21%…
Turning Point Brands, Inc. (NYSE:TPB) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Louie Reformina – CFO Graham Purdy – CEO Summer Frein – Chief Revenue Officer Conference Call Participants Vivien Azer – TD Cowen Michael Legg – The Benchmark Company Eric Des Lauriers – Craig-Hallum Operator Good morning, and…