martin-dm/E+ via Getty Images Investment Thesis I believe PayPal’s (NASDAQ:PYPL) conservative reset of expectations for this quarter (via the guidance they gave last quarter) sets the company up for a strong buy despite recent underwhelming quarters. The fintech’s upcoming earnings announcement has set expectations at a consensus EPS estimate at $1.22, up 4.31% YoY. Revenue…
The Good Brigade/DigitalVision via Getty Images One of the things that I love most about home building companies is that they tend to provide plenty of financial metrics that show not only where they are today, but also where they seem to be headed. When you pair this up with economic data and make sure…
CatLane Introduction It’s been over a year since I covered Acme United (NYSE:ACU), so an update is in order since the company has improved quite a bit since my “hold” rating, specifically margins, which in my opinion were the drivers of price appreciation since top-line growth was poor. In the article, I argued that there…
PM Images Two years ago, I focused on how the rise in mortgage rates would harm the value of mortgage REITs. My bearish outlook on the giant Annaly (NYSE:NLY) was established at the beginning of the year. Mortgage rates had just begun to rise then, and I believe they’d increase significantly due to prolonged inflation….
zorazhuang In my previous write-up on Applied Materials (NASDAQ:AMAT), I suggested that the company could emerge as a main beneficiary of the gradual transition to advanced process technology amid the rapid development of AI. Since then, the stock price has surged by 44.6%, and with this article, I am lifting the AMAT stock to a…
Richard Drury/DigitalVision via Getty Images Thesis The iShares Floating Rate Bond ETF (BATS:FLOT) is a short term bond fund which we have covered before here, where we were highlighting the reasons for which the name was a strong hold candidate for an investor’s spare cash. The vehicle has continued to deliver since we last visited…
sharrocks/iStock Unreleased via Getty Images In our last update on The Boeing Company (NYSE:BA), we warned that the risks remained high for this high-flyer and gravity was likely to be a cruel mistress in the medium term. So the risks are right in front of you and we think the stock could go to double…
The New York Stock Exchange On Wall Street. Matteo Colombo In any given year, there are no guarantees that the stock market will go up. It may even fall in two consecutive years or even three consecutive years (as was the case in 2000-2002). Fortunately, the brilliance of capitalism is that the markets can’t be…
Sunshine Seeds Note: I previously covered Impala Platinum (OTCQX:IMPUY) in November 2023. I discussed the company’s strengths: excellent capital structure, quality assets, and cheap valuation. At the time of publishing, it was too early to buy. Over the last few months, the narrative about PGMs has been shifting. Automotive companies are backing down from BEV…
grinvalds I covered Etsy (NASDAQ:ETSY) six months ago with a neutral outlook. At that time, I believed the stock was likely oversold after tumbling 80%, having a far superior “P/E” valuation than in the past. I believe ETSY was trading in a clear bubble pattern from 2020 to 2022 as investors overestimated its growth rate…
Leon Neal I recently published my first research on British Oil & Gas Supermajor BP p.l.c. (NYSE:BP) in which I offered a deep dive into its US upstream subsidiary bpx. Given the asset’s disadvantage to key US E&P peers in terms of reserve makeup and cost competitiveness, I initiated BP at Underweight. Since then, shares…
adventtr Shares of gene therapy concern Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) have risen by 20% since we last looked at it in May of last year, as the company is poised for two potential FDA approvals. Furthermore, its one potential blockbuster rare disease gene therapy, RP-A501 for the treatment of Danon Disease, began enrolling patients in…
SweetBunFactory ANSYS (NASDAQ:ANSS) is one of my first companies covered on Seeking Alpha, and this will likely be my last article on the company. On January 16, the company announced its official merger with Synopsys (SNPS). This comes just weeks after me saying that the possibilities of merger is low and giving it a fair…
Justin Sullivan I have been neutral to bearish on Microsoft (NASDAQ:MSFT) for nearly a year, largely on the basis of valuation. I am now of the view that this stance was mistaken. It is always possible that my change of heart is a symptom of the continually rising tech sector, but I find it equally…
prill Introduction I wanted to check in on Everspin Technologies (NASDAQ:MRAM) since its share price has come down around 20% since my last article, in which I changed my stance to a hold and said that I would like to see the share price come down to around $7.50 before adding to a position or…
imaginima GigaCloud: High-Growth B2B E-Commerce Platform Investors in the B2B e-commerce platform GigaCloud Technology Inc. (NASDAQ:GCT) have continued to outperform the S&P 500 (SPX) (SPY), although the journey over the past three months has been highly volatile. In my January GCT article, I encouraged investors to consider a pullback in GCT before pulling the buy…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Wharf Real Estate Investment Company Limited (OTCPK:WRFRF) [1997:HK] or Wharf REIC is rated as a Buy. Wharf REIC calls itself “one of the largest real estate companies in Hong Kong” with “flagship properties” like “Harbour City” on its corporate website. Harbour City, Hong Kong’s biggest retail mall, accounted…
Andy Feng NIO Inc. (NYSE:NIO) just made an announcement that said that the electric-vehicle company was curtailing its delivery forecast for 1Q-24 amid a soft demand environment in the company’s core market China. While slowing growth is obviously a big challenge for NIO, and an obstacle for price appreciation for NIO’s stock, I think that…
HJBC/iStock Editorial via Getty Images Here at the Lab, we like utility companies, and our team recently upgraded Enel and E.ON. Today, we are back to comment on Engie (OTCPK:ENGIY). On the French player, we were in a Wait-and-See mode, and as reported in our last analysis, we were expecting a reassuring outlook and a…
scalatore1959/iStock via Getty Images Overview I previously covered Hercules Capital (NYSE:HTGC) back in August of 2023. Since then, HTGC has delivered a total return of over 13% due to the consistent NII (net investment income) growth and high dividend distributions. The price has run up over the last 6 months and now the dividend yield…
Anne Czichos AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking up the pieces from these sellers at T’s long-term lows….
Lock Stock/DigitalVision via Getty Images Destination XL (NASDAQ:DXLG) is an apparel retailer serving the big and tall men’s market. I commended the company’s characteristics, strategy, and management in a recent article. I issued a Hold rating on macroeconomic uncertainty and a fair but not opportunistic price back then. After releasing Q4 results, DXLG’s stock suffered…
jetcityimage/iStock Editorial via Getty Images Elevator Pitch Mazda Motor Corporation (OTCPK:MZDAY) [7261:JP] shares are assigned a Buy investment rating. In my January 2, 2024, initiation article, I wrote about MZDAY’s sales outlook for the China market and the company’s electrification transition. My decision is to revise my rating for Mazda Motor from a Hold previously…
LunaKate Bank of America (NYSE:BAC)’s shares have rallied 10% so far in FY 2024 on expectations that the Federal Reserve will delay its rate pivot and not push for a lower federal fund rates in the very short term. The change in the Fed’s tightening policy obviously benefits large Wall Street banks like Bank of…
Eoneren Summary Following my coverage of Samsara (NYSE:IOT), for which I recommended a buy rating as the stock was trading at a premium to its historical average multiple and I was not confident that it was sustainable, this post is to provide an update on my thoughts on the business and stock. I am upgrading…
Stephen Lovekin/Getty Images Entertainment Investment action I recommended a hold rating for Korn Ferry (NYSE:KFY) when I wrote about it the last time, as I awaited further clarity on the Fed’s decision on cutting rates before I took a look at its upcoming performance. Based on my current outlook and analysis, I am upgrading my…
Ultima_Gaina When I initiated my bullish view on Arista Networks (NYSE:ANET) in January 2015, their stock price was only $16.32. Since I published the second piece in June 2023, their stock price has surged by another 94.8%. The company has been gradually appreciated by investors, as evidenced by their rising stock price. They completed the…
Robert Way/iStock Editorial via Getty Images A lot has happened since my last article on JD.com (NASDAQ:JD). The whole Chinese stock market seems to be oversold right now. Also, JD.com’s shares are trading at multi-year lows. In this article, I would like to update my analysis of this Chinese e-commerce player and also clarify my…
JHVEPhoto I Was Wrong About Supermicro To say that I was wrong about my cautious thesis on Super Micro Computer, Inc. (NASDAQ:SMCI) in early December 2023 is an understatement. SMCI buyers tossed aside my Hold rating as the leading data center rack solutions provider provided a significant upgrade to its outlook at Supermicro’s fiscal second-quarter…
your_photo Summary Following my coverage of Box, Inc. (NYSE:BOX) in October 2023, for which I recommended a hold rating as the upside potential was not attractive, this post is to provide an update on my thoughts on the business and stock. Performance wise, the stock was pretty much flattish since my update, but has surged…
MF3d Introduction With the FED meeting over now and 3 rate cuts still on the table by the end of the year, I think now is the time to be buying stocks in one of my favorite sectors (XLRE), the REIT sector. Historically, they move in the opposite directions of interest rates, and they have…
BlackJack3D Overview I previously rated a hold rating for The Cooper Companies (NASDAQ:COO), as I thought the valuation was too high back then, in July 2023. I believe my call was right, as the stock saw a sharp reversion back to its historical trading multiple of 19-22x forward PE, which led to a sharp reversion…
McKevin Main Street Capital (NYSE:MAIN) seems one of the most coveted BDCs on the Street as the company has delivered consistent net asset value per-share growth over the life of the company. While Main Street consistently handed dividend raises to its shareholders, the BDC seems overpriced with a 58% premium to net asset value… which…
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…
Peshkova Shares of biotechnology companies have been lagging behind the S&P 500 Index (SP500). Since we initiated our bullish view on the SPDR S&P Biotech ETF (NYSEARCA:XBI) with a “Buy” rating in December 2022, the S&P 500 Index has surged by a whopping 33.5% while the XBI has only risen by 13.7%. XBI) since we…
Hispanolistic/E+ via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a hold, as I believed National Vision Holdings (NASDAQ:EYE) long-term growth outlook was uncertain. My thought was to wait for growth normalization in the results before I turned bullish. I am revising my rating to buy as…
TkKurikawa Elevator Pitch I award a Buy rating to Woori Financial Group (NYSE:WF) [316140:KS]. My prior January 2, 2024 write-up touched on WF’s international expansion and inorganic growth plans. Korea Deposit Insurance Corporation or KDIC, a Korean government agency, is no longer a shareholder of Woori Financial now. My view is that WF’s shares have…
piranka Topline Summary and Update There is a truism in biotech that an author on Seeking Alpha has to respect. Even if you’re right about a stock, you’re only right until you’re wrong. With Ocean Biomedical, Inc. (NASDAQ:OCEA), my personal feelings were initially very negative, since they weren’t yet to the spot in development where…
Justin Sullivan Adobe (NASDAQ:ADBE) shares dropped by more than 13% when they announced their Q1 FY24 earnings on March 15th. I discussed my bullish view on Adobe in my article published in December 2023, indicating their growth from AI and pricing increase. Despite their Q2 outlook being lower than the market expected, I am quite…
D4Fish Snowflake (NYSE:SNOW) has been sold off after its earnings report, but I do think that the numbers look more de-risked today and sets the company and its new CEO up well for 2024. I am of the view that the new CEO Sridhar Ramaswamy is the right person to bring Snowflake to the next…
Neilson Barnard Elevator Pitch Squarespace, Inc. (NYSE:SQSP) shares are being upgraded to a Buy investment rating. I previously wrote about SQSP’s inorganic growth potential, the chances of the company becoming a takeover target, and how new business formation affects Squarespace’s prospects in my October 10, 2022 write-up. For this latest article, my attention lies with…
Sorapop/iStock via Getty Images We revisited VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) sooner than we expected to. Blame a pair of seemingly unstoppable stocks that this ETF can own because enough of their business revolves around its target industries. While the ETF is up 12% since our hold rating, versus about half of that…
spooh Earlier this year, I wrote an article comparing Enbridge (NYSE:ENB) with a closely related peer, Enterprise Products Partners (NYSE:EPD). The analysis showed that both companies carry some attractive fundamental characteristics, which are critical for yield-seeking investors to have in order to capture growing streams of current income while keeping the financial risk in balance….
temizyurek An analysis of the iron ore miner Rio Tinto (NYSE:RIO) is a very good example right now of just how much things can change in just a quarter to alter perspective on it. When I wrote about it the last time, in December 2023, there were clear signs that its price was due for…
adventtr/E+ via Getty Images The iShares Exponential Technologies ETF (NASDAQ:XT) continues to be one of my go-to holdings for several reasons: 1. Market conditions are so wacky (technical term there) that I feel the need to have a representative position that grabs its fair share of a potential “moonshot” up move which could be either…
valiantsin suprunovich Overview The last time I took a look at Trinity Capital Inc. (NASDAQ:TRIN), I decided to stay on the sidelines and rated the stock a Hold. This was due to the fact that the price traded at a higher premium to NAV (net asset value) than what it averaged over the last 3-year…
cagkansayin Biohaven: Navigating Through Biotech’s Competitive Landscape Biohaven’s (NYSE:BHVN) stock is up 130% since my “Sell” recommendation back in August. In hindsight, my analysis missed the mark, and it appears I was too focused on their lead program (troriluzole) and overlooked their early-stage assets like BHV-7000. Fortunately, selling’s only downside is opportunity cost and, due…
LumiNola Elevator Pitch Expensify, Inc. (NASDAQ:EXFY) shares are awarded a Buy investment rating. With my earlier September 27, 2023 update, I evaluated Expensify’s financial outlook and valuation multiples. My attention turns to EXFY’s latest Q4 2023 financial performance and its free cash flow guidance in the current write-up. I am impressed with EXFY’s fourth quarter…
miniseries/E+ via Getty Images One of the most important traits that successful investors have is the ability to remain flexible. Our opinions should change as the data changes. When good news comes in, we should incorporate that into our prior views. And the same holds true when bad news comes in. And yet, in practice,…
Bloomberg/Bloomberg via Getty Images Elevator Pitch Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) [8316:JP] shares are assigned a Buy rating. I previously touched on SMFG’s shareholder capital return, financial goals, and valuations in my December 10, 2023 article. This current update highlights the latest positive developments for Sumitomo Mitsui Financial. My view is that Sumitomo Mitsui…