Alvaro Victor/iStock via Getty Images Note: I have covered SEACOR Marine Holdings Inc. or “SEACOR Marine”(NYSE:SMHI) previously, so investors should view this as an update to my earlier articles on the company. Two weeks ago, leading offshore support vessel provider SEACOR Marine Holdings reported disappointing first quarter results, with revenues and profitability falling well short…
tum3123 Emerging market economic growth was sustained at a solid rate at the start of the second quarter of 2024, according to PMI survey data with well-balanced improvements recorded across both the manufacturing and service sectors. Forward-looking indicators continued to point to further near-term expansions, with new business inflows notably rising at the fastest pace…
cemagraphics Last weekend’s article was titled “Capitulation” and speculated that the S&P500 (SPY) had made a short-term bottom at the futures low of 4924. It concluded, “5048-5050 is the initial target, but should eventually break for 5108.” That largely played out as the high of the week came in at 5114. However, this was likely…
gopixa Dividend investors are having a much harder time getting inflation-adjusted income and total returns. With prices still high and the broader indexes near record highs, finding investments offering consistent and solid income is much harder in the market today. One form of investment that has evolved a lot in just the last five years…
Marje Summary Flagship (TSX:MHC.UN:CA) reported Q4 2023 earnings on March 14, 2024. The results reflect the resilience and strong performance of the manufactured housing (“MH”) asset class. In addition to strong financial performance, MHC up-financed ~$25MM of expiring mortgages, raising proceeds of ~$55MM at 5.95% and a 10-year tenor in January. These proceeds were used…
Falcor It’s been a busy past year for M&A in the precious metals sector and while Alamos Gold (AGI) continues to be the king of counter-cyclical M&A to grow its per share metrics, Calibre Mining (OTCQX:CXBMF) is certainly throwing its hat in the ring to be a future contender. The company’s recent acquisition of Marathon…
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…
monticelllo/iStock Editorial via Getty Images Introduction Although the name Rémy Cointreau (OTCPK:REMYF) (OTCPK:REMYY) may not sound familiar to everyone, its portfolio of brands will likely ring a bell. As close to 75% of the total revenue is generated by cognac sales, cognac is the most important part of the portfolio. Cointreau has a worldwide market…
krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…
PonyWang The Clough Global Opportunities Fund (NYSE:GLO) is a closed-end fund that investors can purchase in order to achieve a high level of income without the need to sacrifice the upside potential possessed by common equities. The fund certainly does quite reasonably in this area, as its 11.63% distribution yield is significantly higher than many…
Igor Alecsander/E+ via Getty Images The Q1 earnings season is roughly two weeks away, and many producers have reported their year-end 2023 results and preliminary Q1 results. One of the most recent companies to report its Q1 operational results was Jaguar Mining (OTCQX:JAGGF) and, true to form, it was another massive disappointment. Not only did…
Klaus Vedfelt/DigitalVision via Getty Images In our last coverage of Ares Commercial Real Estate Corporation (NYSE:ACRE) we gave it a “Sell” rating. What was unusual about our stance is that we did it in the face of a declining stock. Generally, we tend to move our ratings in the opposite direction of the stock price….
gopixa Finding stable income without taking excessive risk has been hard over much of the last decade. With interest rates at historic lows for much of this time, a number of creative investments have come to market to try to offer investors inflation-adjusted income. One new ETF that recently was indexed in September of 2023…
Evgeny Gromov Just over two months ago, I wrote on Endeavour Silver (NYSE:EXK), noting that any pullbacks below US$1.67 would provide buying opportunities. Since dropping into this buy zone, the stock has rallied over 70% to its recent highs, making it one of the top performers sector-wide. The view that the stock was finally a…
Wipada Wipawin Now more than ever, in my view, is a great time to pick up contrarian stock investments while the market is hovering around all-time highs. Not all great growth stories in the tech sector have to do with AI, after all. Plenty of overlooked stocks have equally exciting growth trajectories this year and…
greenbutterfly In the Year To Date (YTD), Tesla, Inc. (NASDAQ:TSLA) is the worst-performing stock in the Nasdaq 100-Index (NDX in index form and QQQ in ETF form). The company’s line item performance in first-order (i.e., Year-on-Year) terms indicates that 2023 wasn’t quite as explosive as they were in the past two years. Source: Created by…
Douglas Rissing Investment thesis: The market is currently pricing in Federal Reserve interest rate cuts, with expectations recently boosted by its latest signals. The S&P 500 Index (SP500) is trading at a P/E rate of about 28, whereas historically it has been averaging about 16, which is arguably an indication of rate-cut expectations being baked…
Rick Kern/Getty Images Entertainment We’re nearly through the first quarter of 2024, and likely very few investors would have anticipated the sharp rise in the stock market since the start of the year. My appetite for risk-taking has taken off again, lifting everything from AI stocks to cryptocurrencies. But against this backdrop, investors should focus…
maybefalse Elevator Pitch I have a Buy rating for Youdao, Inc. (NYSE:DAO) shares. My previous November 17, 2023 article touched on DAO’s financial results for the third quarter of last year and the company’s continued share buybacks. The spotlight is on Youdao’s 2024 prospects in this update. I think that DAO will perform better this…
ArLawKa AungTun/iStock via Getty Images Recent History (Real Estate In the Post ZIRP era) REITs have been beaten down by rising interest rates over the past two years. As the ten year reaches a normalized yield, share prices across the industry have been crushed as yields are forced to adjust to an elevating ten year…
ssuaphoto Back in early December, I wrote that Targa Resources (NYSE:TRGP) had some of the best growth prospects in the midstream space, starting coverage of the stock with a “Buy” rating. The stock has returned nearly 20% since then. With the company reporting results last month, let’s catch up on the name. Company Profile As…
deepblue4you The strength of the “magnificent 7” stocks has created an unrivalled amount of top-heaviness in the market, providing a boon to passive investors in 2023. However, diversification has historically proven more critical in times of excess market concentration, and the combination of a soft economic landing and rate cuts will likely allow for attractive…
Funtap Interest rate sensitive sectors, such as Real Estate Investment Trusts, have felt the weight of high rates in recent quarters. Sam Damiani, Director for Equity Research at TD Cowen, tells MoneyTalk’s Greg Bonnell, why the outlook for REITs would likely improve once those rates start to come down. Transcript Greg Bonnell: Rate-sensitive sectors like…
grandriver Over the past year or so, there has been a flurry of merger and acquisition activity in the oil and gas exploration and production market. What’s interesting is that, despite having many different oil and gas producing regions across the nation, both onshore and offshore, one small region has been the source of much…
gopixa Finding good investments that offer solid returns and stable income has become much harder over the last several years. With inflation and interest rates at higher levels, the economy slowing, and political uncertainty in the US and around the world, allocating capital has become much more challenging. Dividend investing has become more common over…
niphon Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) is deemed to be one of the best ETFs for investors with low to moderate risk tolerance. However, low volatility doesn’t mean an investor return remains negative or significantly underperforms from the S&P 500 index. SPHD significantly underperformed in the last twelve months, five and…
EvgeniyShkolenko/iStock via Getty Images MarketAxess Holdings Inc. (NASDAQ:MKTX) reported its Q4 earnings which beat estimates although it wasn’t enough to stem a sharp selloff in shares that are down more than 25% YTD and currently near a five-year low. We last covered the stock back in early 2022 citing what was then expected to be…
Future Publishing/Future Publishing via Getty Images Investment Thesis MongoDB (NASDAQ:MDB) has a very long time being recognized as expensively priced. Indeed, I estimate that MongoDB is priced at 85x next year’s forward non-GAAP operating profits. However, I also argue that this valuation is justified given that MongoDB enjoys widespread adoption in cutting-edge technology environments, excelling…
Nora Carol Photography/Moment via Getty Images Many of the Chinese macro headwinds I’ve been previously concerned about aren’t easing anytime soon, but that doesn’t mean the country’s equities aren’t investable at the right price. Yes, inflation readings remain negative (at consumer and producer levels) amid weak demand, and all-important property indicators (e.g., developer sales down…
Rio Tinto Group (NYSE:RIO) 2023Full Year Results Earnings Conference Call February 21, 2024 3:00 AM ET Company Participants Menno Sanderse – Investor Relations Jakob Stausholm – Chief Executive Officer Peter Cunningham – Chief Financial Officer Conference Call Participants Richard Hatch – Berenberg Paul Young – Goldman Sachs Kaan Peker – RBC Jason Fairclough – Bank…
sinology/Moment via Getty Images STMicroelectronics (NYSE:STM) reported their Q4 results on January 25th. In my previous coverage, I presented a ‘Strong Buy’ thesis, emphasizing their robust automotive silicon carbide growth despite a sluggish personal electronics market in FY23. Considering the anticipated challenges in the industrial sector for FY24, I view it as a transition year…
Bloomberg/Bloomberg via Getty Images The Korea fund overview The Korea Fund (NYSE:KF) is a closed-ended fund that is focused on South Korean equities. Its performance in NAV terms over the last decade has slightly beat its benchmark. From that perspective, I would normally consider the expense ratio of nearly 1.5% too high. The Korea Fund…
monsitj In the early 2010s, POET Technologies (NASDAQ:POET) used to aim at developing an entirely new type of chips, based on gallium arsenide, to revolutionize the world – and failed. After taking over in 2015, Suresh Venkatesan (CEO) soon realized the technology’s potential for the photonics market, decided to go for a different set of…
GOCMEN In my view, the Chinese stock market is one of the most important financial news stories for 2024. In recent months, China has experienced another crash in its precarious stock market as its economy enters a debt-deflation spiral. Surprisingly, this fundamental change has received little attention in most US financial news media, potentially because…
BlackJack3D Introduction Cybersecurity has always been one of my major interests. That’s why I have been screening for high-quality companies in this space recently. It is a highly fragmented market, and the universe of public companies is large, offering a lot to choose from. One of the companies that I found more attractive than its…
Eugene Mymrin/Moment via Getty Images Moat stocks fell by 1.75% in January as earnings-related volatility impacted some of the index’s underlying holdings. However, as was the case after the Q3 earnings season, Morningstar analysts expect these names to recover strongly in the year ahead. Equity markets started the year with a cautious tone following the…
Photofex Author’s Note This simulation has been done jointly with a U.S. Treasury yield simulation in a way that reflects the correlation among the 12 factors driving yields in each country. For more on the companion U.S. Treasury simulation, please contact the author. Both the Bund and the U.S. Treasury yield simulations impact foreign exchange…
herkisi Overview The dollar (USDOLLAR, DXY) is offered ahead of today’s US jobs report, even though expectations are for solid, if not spectacular, jobs growth of around 185k. The Australian and New Zealand dollars are leading today’s move, while the euro approached $1.09, which it has not traded above this week. Sterling neared the lower…
Olivier Le Moal High gold price reflects strong demand Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest…
akinbostanci Investment Thesis Braze (NASDAQ:BRZE) stock’s expectations are relatively muted, even as the company is delivering strong results. I make the case that this stock is now on the point of inflection. Succinctly put, I believe that Braze could within the next 12 months, be on a forward run-rate of +5% non-GAAP operating margin. Consequently,…
SeventyFour Just over six months ago, I wrote on Calibre Mining (OTCQX:CXBMF), noting that while the company continued to over-deliver on promises, there was no way to justify chasing the stock above US$1.18. This is because the stock had found itself over-extended heading into the worst seasonal stretch of the year, with the GDX often…
MF3d MIM The Mercator International Opportunity Fund Year End Report, 2023 In 2023, as in 2022, equity markets looked like a big tug-of-war between company fundamentals and guesses about the future direction of interest rates. Ultimately, the major factor influencing stock prices last year was the pace of North American and European central banks’ rate…
Claude Laprise While the S&P 500 (SPY) has added to its Q4 gains, the Gold Miners Index (GDX) has given up the bulk of them, down ~11% year-to-date in what’s typically its best month of the year from a seasonality standpoint. This can be attributed to underwhelming guidance from some companies and mediocre production results…
Solana, like many tokens, saw a price dip in the aftermath of the FTX collapse and the crypto winter but seems to be on the road to recovery. The overall outlook for crypto in 2024 appears to be positive. Along with the excitement about what the new Bitcoin spot ETFs will mean for it in…
pichet_w Emerging markets equities saw positive performance in 4Q 2023, driven by valuation re-rating and currency strength. Monthly emerging markets equity insights from David Semple, Portfolio Manager and Ola El-Shawarby, Deputy Portfolio Manager, featuring their unique views on emerging markets. In the fourth quarter of 2023, emerging markets equities largely extended trends seen throughout the…
lucky-photographer Investors are facing numerous uncertainties in 2024, including the state of the economy and the future direction of interest rates. Jing Roy, Director and Portfolio Manager for Asset Allocation at TD Asset Management, discusses the various scenarios and market implications with MoneyTalk’s Greg Bonnell. Transcript Greg Bonnell: There are plenty of questions facing investors…
Vertigo3d One of the main stories, if not the story of 2023 for the investing world, has been the advent of large language models (“LLMs”), their usage as the engine of generative AI (GenAI) and how, slowly but surely, GenAI has begun to rewrite life as we know it. Understandably, in a period of high…
cogal/E+ via Getty Images One year ago, you predicted that the S&P 500 would gain 24% in 2023, right? Liar! Sorry about that, but I’m just playing the odds. Maybe you were the most bullish bull out there and you actually got it right, but I’m guessing you weren’t nearly that optimistic — that you…
JLGutierrez By Alexander William Salter The first price index release of the year brings some less-than-welcome news: Inflation has ticked up once again. The Bureau of Labor Statistics (BLS) announced the Consumer Price Index (CPI) increased 0.3 percent in December. Core inflation, which excludes volatile food and energy prices, increased the same amount. Over the…
miroslav_1/iStock Editorial via Getty Images During the fourth quarter of last year, the LNG shipping sector, represented by the UP World LNG Shipping Index (UPI), strengthened and gained 4.20%. The S&P 500 (SPX) index gained 11.24% during the same period. The following picture compares both indices. In this report, I also provide data for the…