simon2579/E+ via Getty Images Thesis On (NYSE:ONON) currently fulfills all the desires of an investor straight out of a textbook, exhibiting outstanding profitable growth. Following the playbook of Nike (NKE) in certain ways, On might just be the fresher brand, and with its premium strategy, has the potential to become a serious threat to the…
pixhook/E+ via Getty Images Investment thesis Blackstone’s (NYSE:BX) stock has almost doubled in price in 2023, but 2024 has been bumpy so far, with a notable YTD pullback. My analysis suggests that the pullback is likely to be temporary because fundamentals keep improving, and the company continues demonstrating strong growth in assets under management and…
Marco VDM/E+ via Getty Images Jumia (NYSE:JMIA) is an e-commerce company focusing on the Pan-African market, founded in 2012. Since a few years ago, it has also made an expansion into logistics and payment businesses. The company generates the majority of its revenue from the operations in West and North Africa. As per its 20F,…
wellesenterprises Thesis In my previous article about Nvidia Corporation (NASDAQ:NVDA), I rated the stock as a buy, explaining that the potential downside was very low. Therefore, this was a perfect opportunity to enter and wait for the company to surprise in their Q4 2024 earnings. Needless to say, the company indeed surprised us, and the…
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…
Laurence Dutton A spin-off from Verint Systems, Cognyte (NASDAQ:CGNT) is a company providing investigative analytics software for governments and global enterprises. All-time share performance since going public in 2021 at a price of $30 has been underwhelming so far. Since the end of 2021, share price has continued to decline, reaching an all-time low of…
monsitj Investment Thesis Fortive Corporation (NYSE:FTV) should continue to deliver good revenue and margin growth moving forward. The company’s revenue growth should benefit from continued strength in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments. While the Precision Technologies segment has seen some weakness over the last few quarters, some green shoots like stabilizing…
MicroStockHub We previously covered Bank of America (NYSE:NYSE:BAC) in October 2023, discussing the massive pessimism embedded in the stock’s valuations and its mixed prospects, thanks to the mistaken perception that its unrealized losses were growing. While we continued rating the stock as a Buy here, thanks to the outperformance of its quarterly financial reports, investors…
Bim In early 2021, I recommended buying PetroChina (OTCPK:PCCYF) for its cheap valuation, its high dividend yield and my expectations for higher oil prices. Since my article, the stock has vastly outperformed the S&P 500, as it has rallied 210% whereas the index has gained only 32%. The outperformance becomes even greater if the dividends…
FabioFilzi Shares of Devon Energy Corporation (NYSE:DVN) are in a big uptrend as demand for U.S. shale oil is increasing and WTI petroleum prices have risen to the $85 per barrel price level as a result. Devon Energy has seen strong free cash flows throughout FY 2023 and the price outlook, given the war in…
ImagineGolf Investment Thesis Russian government just ordered its oil producers to cut oil output to contribute to OPEC+ cuts. This comes at the same time when EIA dramatically lowered its production estimate for US shale oil. The current narrative is calling for an oil price of $100 a barrel this year. The narrative drives the…
Quardia/iStock via Getty Images Investment Thesis Defiance Quantum ETF (NYSEARCA:QTUM) is a buy due to its equally weighted approach and focus on holdings in the high-potential field of quantum computing. This approach has resulted in the fund’s favorable valuation while also achieving returns roughly on par with larger tech and innovation ETFs. While a lesser…
felixmizioznikov Oxford Industries (NYSE:OXM) owns and manages the brands Tommy Bahama, Lilly Pulitzer, Johnny Was, and others. The company has managed a successful brand acquisition strategy since 2003. It has shown that it can grow acquired brands profitably in the US. On top of that, it has other quality characteristics like a long-standing management team,…
William_Potter IRM’s Growth Catalysts My last article gave Iron Mountain (NYSE:IRM) a sell rating, and the goal of this article is to upgrade the rating to hold. The key reason for the upgrade is the next growth catalysts that have developed since then. IRM has enjoyed robust earnings growth in recent years as seen in…
MStudioImages/E+ via Getty Images Tripadvisor (NASDAQ:TRIP) is a leading global travel review and price comparison platform founded in 2000 as part of Expedia. It completed a spin off and became publicly traded in 2011. I have covered TRIP in the past in 2020, when I assigned it a neutral rating due to my doubt about…
Mario Tama [Note: This piece will focus exclusively on standalone Chevron as it currently operates, meaning there will be no discussion of any implications the proposed acquisition of Hess Corp. (HES) might have on a Pro-Forma entity nor will I include any potential contributions from Hess’ assets in my financial and production forecasts. All company…
J. Michael Jones Ollie’s Bargain Outlet (NASDAQ:OLLI) retails brand name merchandise in the United States, focusing on low outlet pricing. The company operates under many brands, including Ollie’s, Good Stuff Cheap, Real Brands Real Cheap!, and Sarasota Breeze. Under the brands, the company sells a very wide variety of products. Since the company’s IPO in…
wolv Investment Thesis The whole Canadian O&G sector is valued on the cheap side, with the highest quality companies offering double-digit returns. Gas prices (NG1:COM) are bouncing from inflation-adjusted multidecade lows, with future prices pointing to AECO C$3.5 compared with current C$1.6, caused by rising demand for gas due to improved LNG export capacity from…
shapecharge Early each year, I like to check in on how annuity sales trended for the previous year. Survey says: Another record. According to LIMRA, 2023 marked the second consecutive year of record sales for annuities. The increase was +23% compared to 2022 as retirement numbers continue to show more older workers exiting the labor…
wundervisuals J. Jill (NYSE:JILL) is an American apparel retailer focused on mid to high-income women above 45. Among the positives, the company has an interesting brand concept, loyal customers, a balanced omnichannel approach, and an attractive demographic to surf the current macroeconomic waves. Its execution has led to great margins and excellent returns on capital…
Sundry Photography Though many tech stocks have lost their luster in the wake of the post-pandemic era, Zscaler (NASDAQ:ZS) has long remained a Wall Street favorite. This cybersecurity company – one of the leading vendors that secures cloud-based applications from cyber threats – has seen its share price surge nearly double over the past year,…
champc On Tuesday, Sysco Corporation (NYSE:SYY) reported second quarter results for fiscal 2024 and in the first hour of trading it seems like investors are quite pleased with the results and the stock is up almost 4%. My last article about Sysco was published almost 2 years ago – in February 2022 – and since…
champc Janus Henderson Group (NYSE:JHG) is a cheap stock by most conventional metrics including valuation relative to peers. JHG trades at a forward EV/EBITDA multiple of just ~6.5x. Comparably, industry leader BlackRock (BLK) trades a forward EV/EBITDA multiple of 14.9x. Large asset management peers Invesco (IVZ), Franklin Resources (BEN), T. Rowe Price (TROW), and Federated…
adamkaz Uber Technologies (NYSE:UBER) has done a great job of scaling its business and becoming a winner in both ridesharing and food delivery. However, with the stock more than doubling over the past year, the name looks close to fairly valued at the moment. Company Profile UBER is a rideshare, delivery, and logistics company that…
pastorscott/E+ via Getty Images Universal Health Realty Income Trust (NYSE:UHT), founded in 1986 and headquartered in King of Prussia, PA, is a healthcare REIT that invests in and leases healthcare and human service related facilities, such as medical/office buildings, acute care hospitals, behavioral healthcare hospitals, specialty facilities, free-standing emergency departments, and childcare centers. Its portfolio…
Nature, food, landscape, travel Shares of Equity LifeStyle Properties (NYSE:ELS) have lagged the broader market this year, gaining just 8%, but they have outperformed many real estate stocks with most apartment REITs, for instance, posting losses. With its unique business model and asset mix, ELS has significantly outperformed the national rent slowdown in 2023. While…
Inna Kot Shares of First American Financial (NYSE:FAF) have returned over 25% this year including dividends, largely keeping pace with the broader market even as its title insurance business has faced a significant downturn. I expect recovery in this unit to be slow, while lower rates could begin to reduce investment income by mid-year. As…
LumiNola “All great truths begin as blasphemies.” – George Bernard Shaw Today, we put Vaxcyte, Inc. (NASDAQ:PCVX) in the spotlight. After being rangebound for months, the stock has moved sharply higher over the past four weeks. With the recent rally, the shares are fast approaching analyst firm price targets. The stock is also seeing some…
onurdongel/E+ via Getty Images At the beginning of the year, we wrote an article on Geberit AG (OTC:GBERF) (OTCPK:GBERY) arguing that temporary headwinds had created a buying opportunity in this high-quality business. Since then shares have delivered a total return of roughly 12.5%, outperforming the SPDR EURO STOXX 50 ETF (FEZ) by more than 5%,…
Pgiam/iStock via Getty Images Darden Restaurants, Inc. (NYSE:DRI) is a stock for which we previously outlined a rather successful trade back in the spring, and then outlined another trade in late September. Here is how we suggested you play in DRI stock in that column: The play Target entry 1: $145.00-$146.00 (30% of position) Target…
sorn340/iStock via Getty Images Americold Realty Trust, Inc. (NYSE:COLD) is a prominent global player in the cold storage industry, providing temperature-controlled storage and value-added services. This REIT mainly acquires, develops, and leases temperature-controlled warehouses that are designed for the storage of temperature-sensitive items, including pharmaceuticals and food products. Though I am intrigued by the prospects…
Justin Sullivan Oracle reports their fiscal Q2 ’24 quarter after the close tonight, with sell-side consensus expecting $1.32 in earnings per share on $13.0 billion in revenue and operating income of $5.57 billion for expected y.y growth of 9%, 6% and 9% respectively. The last (August ’23) quarter, the stock was hit hard after the…
Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful…
winhorse Elevator Pitch I have a Hold investment rating for Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) [8316:JP] stock. The aggressive cross-shareholdings reduction plan and a progressive dividend policy are the key positive valuation re-rating drivers for SMFG. On the flip side, Sumitomo Mitsui Financial’s share repurchases and financial goals are unimpressive. SMFG’s current P/B multiple…
John M. Chase By Brian Nelson, CFA Stock prices and returns are in part a function of the cash-based sources of intrinsic value: net cash on the balance sheet and future expectations of free cash flow. All else equal, a company with more net cash on the books is worth more than a company with…
da-kuk Palo Alto Networks’ (NASDAQ:PANW) Q1 FY2024 results were somewhat soft, with NGS growth beginning to moderate and hardware sales normalizing. The company remains well positioned though, due to its large customer base and broad portfolio of solutions. In particular, XSIAM and SASE should drive growth going forward. The stock is starting to look fully…
The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation…
FatCamera/E+ via Getty Images Investment thesis CareTrust (NYSE:CTRE) has a solid track record of success with 18% rental revenue CAGR over the last decade and the operating margin doubling as the business scaled up. The company is benefiting from the secular demographic trend of the rapidly aging U.S. population and the ability to capture secular…
JHVEPhoto The Company Established in 1912, Lockheed Martin Corporation (NYSE:LMT) is a leading aerospace and security company with a market cap of $111 billion, specializing in the research, design, development, and integration of advanced technology systems for both U.S. government and international defense clients. With 116,000 employees, the company is divided into 4 key segments:…
Trygve Finkelsen Investment Thesis ESAB Corporation (NYSE:ESAB) is experiencing good demand for its equipment and automation product solutions driven by its good execution including leveraging new product offerings through investments in marketing, advertising, and sales training. In addition, the company’s revenue growth is poised to benefit from good end market demand fueled by secular trends…
Wagner Meier Overview Last week, Petrobras (NYSE:PBR) posted solid third quarter results, which was cheered by investors and investment analysts. Petrobras’s stock is approaching 9 year high and the management of the company can pat themselves on the back after successfully turning around the company. In 2015, the company has been notoriously known for destroying…
HJBC/iStock Editorial via Getty Images Dear readers/followers, Thales (OTCPK:THLEF) (OTCPK:THLLY) is a French defense contractor I’ve been peripherally looking at in a few articles, but haven’t really covered specifically before. That’s something that I intend to change as of this article. I’m looking at a few defense companies, both in NA and in Europe. In…
Mauricio Graiki Being majority-owned by the Brazilian state might raise eyebrows among some readers, but Banco do Brasil (OTCPK:BDORY)(“BdB”) has nonetheless registered meaningful outperformance recently versus privately-owned peers Itaú (ITUB) and Bradesco (BBD)(BBDO). Data by YCharts There are a number of things to like about this bank. For one, while Brazilian banks currently face a…
Birkenstock’s IPO marks a significant event in the financial industry, following in the footsteps of Arm Holdings, Klaviyo, and Instacart, despite a challenging IPO market in recent years. Birkenstock Holding Ltd., the renowned German maker of high-end sandals with a history dating back to 1774, has priced its Initial Public Offering (IPO) at $46 per…
zhnger Investment Thesis Luxury brands such as LVMH Moët Hennessy (OTCPK:LVMHF) can’t be built in days, months, or years. It takes decades for a company to develop its brand and create a moat around the business. LVMH is one of those companies that has built trust with customers, enabling high barriers to entry and pricing…
It remains unclear whether the Orama purchase will directly result in the development of crypto-related products and services at BTG Pactual. Banco BTG Pactual SA Unit (BVMF: BPAC11), Brazil’s biggest investment bank, recently announced it has acquired 100% of the share capital of Orama DTVM, a prominent independent distributor for R$500 million (worth about $99…
SondraP/E+ via Getty Images Stable prospects for Nomad Foods (NYSE:NOMD) on the back of an increase in A&P investments, steady growth in Europe’s frozen food market along with opportunistic expansion to new markets through a combination of inorganic and organic strategies. Their valuation appears fair. Company Overview Nomad Foods is Europe’s leading frozen foods company…
Vladimir_Timofeev/iStock via Getty Images Ceragon Networks Ltd (NASDAQ:CRNT) has carved a niche in wireless backhaul solutions, a sector that should benefit from the advent of 5G. In my view, this positions CRNT’s diverse offerings, from voice services to IoT connectivity, to profit from secular tailwinds. CRNT’s recent financial data indicates a promising margin improvement. Additionally,…
LauriPatterson Investment Thesis Mondelez International, Inc. (NASDAQ:MDLZ) has built itself a wide moat based on its competitive advantages: a wide range of category offerings, household brand reputation, and international footprint. MDLZ is a snack and beverage company with a product portfolio that ranges from salty snacks, cookies, gum, crackers, snack bars, and biscuits to much…
SHansche The size cluster that MPC Container Ships (OTCPK:MPZZF) is concentrated in is one that benefits from superior S/D dynamics compared to other size segments. Utilisation is up even if charter rates are slightly down sequentially. Things look shockingly stable in this otherwise cyclical industry. The summer season is a little on the weak side,…