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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kuwait’s emir has dissolved the country’s parliament following years of political deadlock, accusing lawmakers of infringing on the monarch’s powers and alleging corruption has spread throughout state institutions. Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah said on…
Image Source 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…
“The institutions are coming.” Anyone who’s been in the Bitcoin space for any significant period of time has heard some prominent figure within the space utter this phrase. In August 2020, when MicroStrategy, an American-based business software company, announced it would be purchasing bitcoin to add it to its treasury, many thought that was the…
surasak petchang/iStock via Getty Images The following segment was excerpted from this fund letter. Over the past year, we have built a position in our first Canadian listed company. Blackline Safety is a provider of gas detection and safety monitoring systems to the energy, industrial, transportation, and consumer packaged goods verticals. Blackline is led by…
XH4D/E+ via Getty Images In my last article about Nemetschek SE (OTCPK:NEMTF) published in August 2023 I was rather bearish (or at least very cautious) about the stock as an investment, and I wrote: Nemetschek already declined about 60% from its previous all-time high and this is already a steep decline. And right now, the…
isayildiz/E+ via Getty Images Investment Thesis Shift4 (NYSE:FOUR) presents an intriguing investment opportunity supported by its strong financial performance, innovative solutions, and strategic acquisitions. With a solid track record of revenue growth, margin expansion, and efficient cost management, Shift4 is well-positioned for sustained growth of 29.6% in the next 3 years in the dynamic payment…
Drew Angerer Never trust a fat banker or a skinny cook. -French proverb. This week, a New York federal court sentenced disgraced crypto mogul Sam Bankman-Fried to 25 years in prison for his role in one of the largest frauds in U.S. financial history. Bankman-Fried co-founded FTX (FTT-USD), a now-defunct cryptocurrency exchange and hedge fund….
Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, has been sentenced to 25 years in prison by a judge in New York for orchestrating an $8 billion theft from FTX customers. 🚨 BREAKING: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLION DOLLAR FTX FRAUD pic.twitter.com/M9HotmBma2 — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024…
gaffera 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…
Bet_Noire By Brian Levitt, Global Market Strategist It’s been four years since the world shut down because of the coronavirus outbreak. The events of those first weeks of the shutdown still haunt me. I can vividly remember walking through an empty Times Square for what would be my last in-person CNBC Squawk Box appearance for…
Andrii Yalanskyi/iStock via Getty Images By Hyun Kang U.S. equities don’t have a monopoly on acronyms. Before there was the Magnificent 7, it was the FAANGs. Europe has been consistently ignored by U.S. investors over the lack of its own basket of tech-enabled, high-growth stocks. Goldman Sachs (GS) recently highlighted a basket of 11 European…
Edwin Tan Humana (NYSE:HUM) is one of those rare stocks that received quite a beating from investors this year as most stocks seem to be having a party and making new highs every week. When the company announced its earnings in January, investors didn’t like its newly updated guidance for 2024 as the company said…
Win McNamee/Getty Images News The Federal Reserve began its program of quantitative tightening two years ago. Since March 16, 2022, the Federal Reserve has reduced its portfolio of securities held outright by $1,456.1 billion, or, by roughly $1.5 trillion. Note: all data from the Fed’s balance sheet come from the Fed’s H.4.1 statistical release, “Factors…
Art Wager/E+ via Getty Images Camden Property Trust (NYSE:CPT), although a solid REIT with a strong human moat, a good debt outlook, and a strong portfolio, is probably headed into years of underperformance caused by oversupply in its primary markets. A REIT Of Sunbelt Apartments CPT is an S&P 500 REIT whose primary focus is…
isak55/iStock via Getty Images Shares of small companies and value stocks have had a tough time keeping up with the broad market in recent years, and the headwind for these risk factors is still blowing so far in 2024. By contrast, the momentum factor (MTUM) has surged nearly 17% so far this year, dramatically outperforming…
slobo A few months ago, we wrote an article about Costco (NASDAQ:COST). In that piece, we talked about how the combination of the company’s consistent growth, continued buybacks, strong momentum, and reasonable valuation were promising factors that could lead to long-term outperformance for shareholders of the stock. Fast-forward to today, and it’s certainly been the…
Thossaphol Introduction It’s been over two years since I last covered WEC Energy Group, Inc. (WEC) when I compared it to my two long-term utility picks, The Southern Company (SO) and Duke Energy Corp. (DUK). Back in November 2021, interest rates were still extremely low and WEC stock was trading at around $90, which at…
vladj55 Quanta Services, Inc (NYSE:PWR) has been growing steadily in the past decade, especially in the past three years since the signing of the Infrastructure Investment and Jobs Act in 2021. However, due to the significant increase in remaining performance obligation and uncertainty around its ability to deliver projects on time and on budget, despite…
Eugene Mymrin/Moment via Getty Images What is the single best security to buy and hold as a long-term investment? This is a question we were asked recently, and it’s a question that can be answered multiple ways. Are we looking for the best investment in terms of risk? In terms of income? In terms of…
Anton Petrus/Moment via Getty Images Altria (NYSE:MO) is a “Dividend King” and there are only about 55 companies that currently qualify for this title. To make this list, a company needs to have at least 50 years of consecutive dividend increases. Altria has a 54-year history of consecutive dividend increases. The company has been able…
SeventyFour Investment Thesis Within the vast Real Estate Investment Trust (REIT) sector, there is a subsector that, in my opinion, stands out for its high quality, and that is self-storage. In this article, we will delve into why these businesses possess attractive qualities as investments and why Extra Space Storage (NYSE:EXR) appears to be one…
Bloomberg/Bloomberg via Getty Images IRSA Inversiones y Representaciones (NYSE:IRS) is one of Argentina’s leading real estate developers. The company controls over half of the country capital’s market share in malls. It also owns offices, hotels, and a significant landbank. Given the company’s recent profitability from its mall operations, plus the fair value it has calculated…
Meanwhile, Oxfam revealed that across 52 countries, the average real wages of nearly 800 million workers have fallen, resulting in a combined loss of $1.5 trillion over the last two years. According to a new report by Oxfam, a global organization dedicated to combating inequality and ending poverty, the combined wealth of the world’s top…
Pgiam/iStock via Getty Images Investment briefing Investors running money in equities this year should consider the industrials sector as a starting point in top-down security selection in our firm opinion. Our findings from Q3 2023 earnings illustrate the industrials sector held 8% notional value of the S&P 500 market capitalization weighted index towards the end…
alberto clemares expósito/iStock via Getty Images I think that we are at the start of a major technology-driven bull market that will rival the “dotcom” bull market. In this piece, I make the case for a new tech-driven bull market that will rival the 1990’s dotcom bull. All major bull markets require three conditions: a…
andresr/E+ via Getty Images This article analyzes MercadoLibre (NASDAQ:MELI) with a particular focus on questions about valuation. How much should an investor be willing to pay for hyper-growth? It depends to a large degree on how long that growth can be sustained before it begins to fade. A declining growth rate produces a double whammy…
zorazhuang Investment Rundown One of the hardest hit sectors when the interest rates began to increase last year was the tech sector. Looking at the stock chart for Tower Semiconductor Ltd (NASDAQ:TSEM), I think we are looking at a very appealing opportunity right now for investing. The valuation has come down to what I think…
WANAN YOSSINGKUM One company went public this past week, completing the year’s first US IPO. Georgia-based homebuilder Smith Douglas (SDHC) priced at the high end to raise $162 million at a $1.1 billion market cap. Operating in the Southeastern and Southern US, the company builds and sells single-family homes, catering to first-time home buyers and…
The approved ETFs are expected to attract significant inflows. Estimates suggest that Valkyrie could see $200-400 million, with the overall market experiencing $4-5 billion in inflows within the first few weeks. In a historic move, the US Securities and Exchange Commission (SEC) has approved 11 spot Bitcoin Exchange-Traded Funds (ETFs) after more than a decade…
Jeff Fusco Introduction 7.5%. That’s how much Comcast Corporation (NASDAQ:CMCSA) shares have risen since January 2018. This performance is horrible, as investors in the S&P 500 made 75% during this period, with lower risks. After all, a well-diversified basket of 500 stocks almost always has lower risks than a single stock. Data by YCharts My…
webking The year 2023 was a huge year for stocks, after a terrible year for stocks. A handful of huge stocks provided extraordinary power to push stock indices higher in 2023. And then, over the last two months of the year, there was the mania over the Fed’s gazillion rate cuts in 2024, which not…
fcafotodigital Dear readers/followers, In this article, I’m not going to talk about any one specific investment – instead, I’m going to be talking about mindset and macro/high-level strategy for success. I do a number of these articles each year, and their purpose is always a similar one. Update you, dear subscribers/readers, on my considerations, goals,…
While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry. After facing a strong crypto winter in 2022 following the collapse of Three Arrows Capital (3AC), crypto hedge funds are making a comeback. Crypto…
By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market. According to MicroStrategy Chairman Michael Saylor, the upcoming Wall Street launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) is a significant event. Saylor recently stated…
Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has…
Spencer Platt Comments on our last coverage of the stock In our last coverage of CVS Health (NYSE:CVS) on February 3, 2020, we emphasized the economic moat of the company with a special focus on its acquisitions, brick-and-mortar store improvements, and its e-commerce offering. Back then the company had acquired Omnicare, Target Pharmacy, and Aetna….
digicomphoto/iStock via Getty Images The Kings are down but not out Continuing with more fairly priced dividend kings and aristocrats at decade-high yields, today we have Hormel Foods Corporation (NYSE:HRL). The risk-free rate of “free” short-term money has clobbered this group. While interest in bank accounts and money market funds is hardly free [the principal…
The Japanese stock market is having itself a hot minute. The Nikkei 225 index, a benchmark for Japanese equities, is up nearly 30 percent so far this year, a standout performance among global markets and a sharp contrast to Asia’s other large economy, China, where stocks have been limping along in negative territory and getting…
The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years. A year after the crypto market saw the collapse of the now-defunct FTX Derivatives exchange and two years after Bitcoin (BTC) saw an all-time high of $69,044, the…
Bitcoin bull Cathie Wood believes gold’s time has come and gone. The CEO of Ark Invest weighed in on the enduring debate between the traditional safe haven asset and digital currency during a recent Bloomberg UK podcast, Merryn Talks Money. In a hypothetical scenario where Wood had to choose between holding gold, a cash deposit account,…
Today is fifteen years from the date of the publication of the Bitcoin whitepaper. A lot has happened in that fifteen years. Bitcoin went through the blocksize war. A nation state has adopted Bitcoin. We are possibly on the verge of a Bitcoin ETF approval. Bitcoin in almost every way is nothing like it was…
With the imminent launch of Bitcoin spot ETFs, many institutions are also looking to gain increased exposure to BTC. Exactly 15 years ago, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, sent the Bitcoin whitepaper via email to a select number of cryptographers. Satoshi is fondly quoted to have opened the email saying: “I’ve been working…
Jeremy Poland Most people don’t find investments appealing that have the perception of having finite upside. The best-performing stocks often rise consistently over a long-period of time, but don’t double overnight. Still, while experienced investors know that most investments won’t appreciate at more than 8-10% a year over the long term, many people like the…
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
Monty Rakusen/DigitalVision via Getty Images Background To review: Vistra (NYSE:VST) is the largest competitive power generator in the US with 37 gigawatts (GW) of capacity which is enough to supply power to 20mm homes. Vistra’s generation fleet includes 2.4GW of renewable energy and storage assets online, a near-term pipeline of renewable energy and storage projects,…
Oat_Phawat Introduction NovaGold Resources Inc. (NYSE:NG) owns 50% of a gold project in Western Alaska called the Donlin Gold Project. The joint venture is shared with Barrick Gold Corporation (GOLD). Here is an excerpt from the company’s filing. The Donlin Gold project is owned and operated by Donlin Gold LLC (“Donlin Gold”), a limited liability…
Big Dividends PLUS, Blue Harbinger imagedepotpro/iStock via Getty Images The BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a closed-end fund (“CEF”) that recently announced a distribution cut, and now trades at an usually large discount to Net Asset Value (“NAV”). We review the fund and offer our opinion on investing in this big-yield contrarian opportunity….
Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2,…
chaofann Real estate investment trusts, or REITs (VNQ), are today offering a historic opportunity for contrarian investors. During most times, you would expect them to be priced at a small premium relative to their net asset value given all the advantages that they offer relative to private real estate: Private Real Estate Public REITs Illiquid…