Juicing Your Retirement Yield With CEFs: PCI, HFRO And RQI

Co-produced with Beyond Saving

At High Dividend Opportunities, our goal is to build a high level of current income through dividends. Dividends provide the flexibility to redirect the income into other profitable investments, or they are used by many as retirement income or spending money. To ensure stability, we encourage . . . → Read More: Juicing Your Retirement Yield With CEFs: PCI, HFRO And RQI

Cincinnati Bell Preferred Buyout Trade: 7% Yield, 13% Return

We added the Cincinnati Bell (NYSE:CBB) 6 3/4% Depositary Shares Cumulative Convertible Preferred Stock (CBB.PB) to the HDS+ portfolio in April 2020. In the ensuing four months, it has given us a total return of 6.53%, comprised of a $2.10 price gain, and one quarterly $.8438 distribution:

. . . → Read More: Cincinnati Bell Preferred Buyout Trade: 7% Yield, 13% Return

An Issue Presents A Buying Opportunity For Gilead

After a rough few weeks, Gilead Sciences (GILD) is now up just 1% year-to-date. A recent piece of bad news with regards to filgotinib, which the company is developing with Galapagos NV (GLPG) isn’t going to help things. This article takes a look at the issue.

Data by YCharts

Figure . . . → Read More: An Issue Presents A Buying Opportunity For Gilead

Standard Bank Group Limited 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Standard Bank Group Limited in conjunction with their 2020 Q2 earnings call.

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. . . → Read More: Standard Bank Group Limited 2020 Q2 – Results – Earnings Call Presentation

KGHM Polska Miedz S.A. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by KGHM Polska Miedz S.A. in conjunction with their 2020 Q2 earnings call.

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149

. . . → Read More: KGHM Polska Miedz S.A. 2020 Q2 – Results – Earnings Call Presentation

Cameco: A Gamble On Rising Uranium Prices

Cameco Corporation (NYSE:CCJ) is well positioned to benefit from rising uranium prices. The producer has some of the best production assets in the industry and ample proven reserves. Sustained low uranium prices have forced Cameco to shutter several production sites in recent years. The company is betting on Chinese demand for nuclear . . . → Read More: Cameco: A Gamble On Rising Uranium Prices

Curaleaf: Cannabis Industry Monster

Despite a lot of fears, Curaleaf (OTCPK:CURLF) has generally done what the Canadian cannabis giants couldn’t do. The U.S. multi-state operator (MSO) has turned acquisitions into a market-leading position and a large EBITDA profit while the others have faltered. My bullish investment thesis remains intact as the MSO is poised to become . . . → Read More: Curaleaf: Cannabis Industry Monster

COVID-19 Recession: No Sign Of A Recovery – The iM-Weekly Unemployment Monitor Update 8/20/2020

Today’s DOL Unemployment Insurance Weekly Claims shows some improvement in the employment situation.

The non-seasonal adjusted initial claims at 891,510 are up by 52,776 when compared to the previous week. However, the non-seasonal adjusted continuous insured unemployed at 14,265,344 have decreased by 935,998 over the last week, which is encouraging.

. . . → Read More: COVID-19 Recession: No Sign Of A Recovery – The iM-Weekly Unemployment Monitor Update 8/20/2020

Intel: Abdicating Process Leadership

Intel’s (INTC) announcement in its 2020 Q2 earnings report that it would slip the schedule for its 7 nm process by six months was widely regarded as a stunning failure, and rightfully so. Intel is giving up on process leadership. Intel’s fall from greatness is a tragedy not only for the company . . . → Read More: Intel: Abdicating Process Leadership

Best Drill Interceptions In The Metals Mining Sector For The Week Ended August 16, 2020

(Source: Exploration Insights)

Introduction

If you’re into investing in the mining sector, you should know the above chart very well. This series covers the three projects with the most significant drill interceptions over the past week as well as the prospects of the companies which own these . . . → Read More: Best Drill Interceptions In The Metals Mining Sector For The Week Ended August 16, 2020

2-Month Pullback In ZTO Express Providing Buying Opportunity

Over the last couple of years, I have written about Chinese express delivery company ZTO Express (ZTO) on a couple of occasions. I first wrote about it back in March ’19 and then I wrote about it again this past January. In both of those previous instances, I had a long-term bullish . . . → Read More: 2-Month Pullback In ZTO Express Providing Buying Opportunity

Royal Boskalis Westminster N.V. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Royal Boskalis Westminster N.V. in conjunction with their 2020 Q2 earnings call.

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130

. . . → Read More: Royal Boskalis Westminster N.V. 2020 Q2 – Results – Earnings Call Presentation

The Retiree’s Dividend Portfolio – Jane’s July Update: Resilient Dividends

July Summary

I have decided to begin John and Jane’s Retirement Account articles with the basic summary of how much income each retiree has generated in their Traditional IRA and Roth IRA for each respective month. Additionally, I have decided that I want to begin tracking the cash balance of each account . . . → Read More: The Retiree’s Dividend Portfolio – Jane’s July Update: Resilient Dividends

Mobile TeleSystems Public Joint Stock Company 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Mobile TeleSystems Public Joint Stock Company in conjunction with their 2020 Q2 earnings call.

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131

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Facebook: Proceed With Caution

(Source: Author, Article Summary)

Recent Developments

Facebook (FB) is the world’s largest social media company that owns Instagram, Messenger, WhatsApp, and is involved in VR development with the Oculus hardware and software offerings. The goal of Facebook is to connect people, family, businesses and groups together. Their . . . → Read More: Facebook: Proceed With Caution

Tobii AB (publ) (TBIIF) CEO Henrik Eskilsson on Q2 2020 Results – Earnings Call Transcript

Tobii AB (publ) (OTCPK:TBIIF) Q2 2020 Earnings Conference Call August 19, 2020 4:00 AM ET

Company Participants

Henrik Eskilsson – Co-Founder and Chief Executive Officer

Johan Wilsby – Chief Financial Officer

Henrik Mawby – Investor Relations

Conference Call Participants

. . . → Read More: Tobii AB (publ) (TBIIF) CEO Henrik Eskilsson on Q2 2020 Results – Earnings Call Transcript

Don’t Let Oil Stocks Ruin Your Retirement

I have to admit, I do not enjoy writing these bearish articles. I know, heading into them, that I will receive criticism, pushback, and worse, from my readers who disagree. But, that’s okay. I’ll be the first to say that I am not a soothsayer and the difference in opinions is what . . . → Read More: Don’t Let Oil Stocks Ruin Your Retirement

Dividend Changes: August 8-14, 2020

This article was co-produced with James Marino Sr. of Portfolio Insight.

We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length . . . → Read More: Dividend Changes: August 8-14, 2020

Barclays: Ignore The Herd And Back Up The Truck

This is a very different situation to the 2008/2009 global financial crisis.

The banks are not the epicentre of the crisis. Nor is there a massive agenda re-regulating the banking industry and/or multi-billion fines for misconduct. Coming out of this crisis, BCS will not need to rebuild capital or its . . . → Read More: Barclays: Ignore The Herd And Back Up The Truck

A Needed Correction For Gold, But The Bull Lives On

Gold’s bull market is being driven by currency considerations right now, and the recent bounce in the U.S. dollar accounts for gold’s latest pullback. Here we’ll discuss the factors behind the dollar’s recent strength and gold’s decline. I’ll also make the case that while the “correction” for gold was needed, the metal . . . → Read More: A Needed Correction For Gold, But The Bull Lives On

Morguard North American Residential REIT – Still Inexpensive

Opportunities in Canadian REITs

Real Estate Investment Trusts (“REIT”) is one of the worst hit sectors under COVID-19 pandemic. REIT prices not only declined more deeply at the onset of the pandemic, but they also did not fully participate in the V-shaped stock market recovery which started in late-March. The reasons are . . . → Read More: Morguard North American Residential REIT – Still Inexpensive

12% Yield, 1.5X Coverage: Sunoco LP

Sunoco LP (SUN) is the largest fuel distributor in the US. It operates through two segments, Fuel Distribution and Marketing, and All Other.

The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently-operated dealer stations, distributors and other consumer . . . → Read More: 12% Yield, 1.5X Coverage: Sunoco LP

Brookfield Infrastructure Partners LP: 8 High Yields, 5% – 6%

Brookfield Infrastructure Partners LP (BIP) is a global company, based in Bermuda, with utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific.

(BIP site)

Segment Q1-2 2020 Earnings:

The Utilities segment is BIP’s biggest segment for Adjusted EBITDA . . . → Read More: Brookfield Infrastructure Partners LP: 8 High Yields, 5% – 6%

New Relic: Lots Of Change In The Works, But Still A Deep Value Play

This article was highlighted for PRO subscribers, Seeking Alpha’s service for professional investors. Find out how you can get the best content on Seeking Alpha here.

Very few hardcore enterprise software companies have reported earnings so far (due to a January year-end for most of the group), but New Relic . . . → Read More: New Relic: Lots Of Change In The Works, But Still A Deep Value Play

ArcelorMittal Outperforms On Costs As The Industry Deals With Absent Demand

A laggard so far in 2020 and over the past year, ArcelorMittal (MT) has nevertheless shown some solid momentum since the company’s unexpected capital raise back in May. All in all, despite pretty undemanding valuations for most steel names, the sector still hasn’t followed the rally in shorter-cycle industrials as investors . . . → Read More: ArcelorMittal Outperforms On Costs As The Industry Deals With Absent Demand

Chemesis International Is Still A Special Situation Weed Stock To Watch (But Not Buy)

Investment thesis

In my article of 10/27/19, I stated that I expected the oversupply of product would negatively affect the price of cannabis in 2020. I also said that the upcoming industry shakeout would materially affect valuations and may result in widespread consolidation and business failures. This article discusses how . . . → Read More: Chemesis International Is Still A Special Situation Weed Stock To Watch (But Not Buy)

NuStar Energy: Running Low On Leverage

Nustar (NS) has one of the lower debt ratios in the business. That is getting to be more important as the United States battles the uncertainties of the coronavirus challenges. About a month ago, the market was certain that the coronavirus was heading into the rearview mirror. But some recent steps backwards . . . → Read More: NuStar Energy: Running Low On Leverage

Inspire Medical Systems, Inc. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Inspire Medical Systems, Inc. in conjunction with their 2020 Q2 earnings call.

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. . . → Read More: Inspire Medical Systems, Inc. 2020 Q2 – Results – Earnings Call Presentation

AT&T Highlights The Modern Problem With Income Investing

It’s difficult to find a bull case for AT&T (T) stock that doesn’t highlight the dividend yield. The yield does look attractive, at a current 7% while the 10-year Treasury bond offers much less than 1%. But it’s important to remember that the AT&T dividend, like any dividend, is not ‘free’ money.

. . . → Read More: AT&T Highlights The Modern Problem With Income Investing

Global Factories Report Fastest Output Growth For One-And-A-Half Years

A key gauge of global manufacturing output hit a one-and-a-half-year high in July as the world’s factories continued to bounce back from coronavirus disease 2019 (COVID-19) related lockdowns. The rebound was led by Brazil and Europe. However, the overall rate of growth was subdued, with especially weak performances continuing to be seen . . . → Read More: Global Factories Report Fastest Output Growth For One-And-A-Half Years

Quidel: Priced For A Permanent Pandemic; Recommending A Short – Behind The Idea

This article was selected to be shared with PRO subscribers, who also got 7 days’ exclusive access to Viceni Investing’s original Top Idea on Quidel (NASDAQ:QDEL). Viceni Investing is an individual investor and retired sell-side analyst rated top 10 by Institutional Investor magazine. Find out more about PRO here.

. . . → Read More: Quidel: Priced For A Permanent Pandemic; Recommending A Short – Behind The Idea

3 Reasons Treasury Rates Can Still Hit 0% (Part III)

The first two parts of this series outlined important considerations for the Treasury market.

Part I discussed several common arguments in favor of inflation. Through a comprehensive overview of macroeconomic trends, we settled on the economic output gap as the best long-term forecasting tool for inflation, suggesting that core inflation . . . → Read More: 3 Reasons Treasury Rates Can Still Hit 0% (Part III)

Monthly Review Of DivGro: July 2020

Welcome to the monthly review of DivGro, my portfolio of dividend growth stocks. The goal of these monthly reviews is to share updates I’ve made to my portfolio and to provide a summary of dividends collected. I also look at how DivGro’s projected annual dividend income (PADI) has changed.

. . . → Read More: Monthly Review Of DivGro: July 2020

Pilgrim’s Pride: A Good Opportunity Not Without Risks

Investment Thesis

Pilgrim’s Pride (PPC) is a leading chicken producer that has been around for quite a while. The company has recently leveraged its balance sheet for the acquisition of Moy Park. Although this acquisition represents a wise strategy to expand its production from chicken to pork while expanding operations globally, its . . . → Read More: Pilgrim’s Pride: A Good Opportunity Not Without Risks

Starbucks: The Ultimate Dividend Growth Stock For Young Investors

For the past few weeks, I have been trying to situate where Starbucks (SBUX) fits in public life in the new normal as the pandemic rages and post pandemic.

I started and deleted several article drafts because I wasn’t certain where the answer lies. However, I decided to move forward . . . → Read More: Starbucks: The Ultimate Dividend Growth Stock For Young Investors

Ingrezza Remains Surprisingly Strong For Neurocrine

Neurocrine Biosciences (NBIX) is establishing at least some reputation and track record for “underpromising and overdelivering”, with yet another quarter of better-than-expected sales for lead drug Ingrezza. Whether it adds much value to the share price is another story, though, given the shares have largely just chopped around for the last . . . → Read More: Ingrezza Remains Surprisingly Strong For Neurocrine

2 REITs That Could Triple In The Recovery

Despite the recent rally, a number of REITs (VNQ; IYR) continue to trade at their lowest valuations in 10 years.

Premiums to NAV have turned into extreme discounts to NAV. Rich FFO multiples have turned into low single-digit multiples. Yield spreads relative to the 10-year Treasury are pushing all time highs.

. . . → Read More: 2 REITs That Could Triple In The Recovery

Knee-Jerk Reaction Has Created A Buying Opportunity For Microsoft

Microsoft (NASDAQ:MSFT) is back in headlines on the potential acquisition of U.S. rights for video-sharing mobile app, TikTok. The news seems to have bought some relief to investors who seemed a tad bit disappointed with the performance of Azure and Office 365 in the latest quarter.

In the fourth quarter, . . . → Read More: Knee-Jerk Reaction Has Created A Buying Opportunity For Microsoft

Ligand Pharmaceuticals Incorporated 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Ligand Pharmaceuticals Incorporated in conjunction with their 2020 Q2 earnings call.

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Q2 GDP Does Not Bode Well For Early 2021

There are two components of quarterly GDP that are long leading indicators, giving us information about the economy 12 months from now. If you think, as I do, that it is likely there will be a new Administration in Washington next year, which will competently follow the science, then there is . . . → Read More: Q2 GDP Does Not Bode Well For Early 2021

Tesla’s Scores A Big Reduction In Unsold Inventory

Big Improvements in Q2

It’s always nice to be able to say something positive about a company once in a while. Despite having garnered a bearish reputation with my past coverage of Tesla (TSLA), I make it a point to try and point out both the positives and negatives of any given . . . → Read More: Tesla’s Scores A Big Reduction In Unsold Inventory

FormFactor, Inc. (FORM) CEO Mike Slessor on Q2 2020 Results – Earnings Call Transcript

FormFactor, Inc. (NASDAQ:FORM) Q2 2020 Earnings Conference Call July 30, 2020 4:30 PM ET

Company Participants

Jason Cohen – Vice President and General Counsel

Mike Slessor – Chief Executive Officer

Shai Shahar – Chief Financial Officer

Conference Call Participants

. . . → Read More: FormFactor, Inc. (FORM) CEO Mike Slessor on Q2 2020 Results – Earnings Call Transcript

Fresenius SE & Co. KGaA (FSNUF) Management on Q2 2020 Results – Earnings Call Transcript

Fresenius SE & Co. KGaA (OTCQX:FSNUF) Q2 2020 Earnings Conference Call July 30, 2020 7:30 AM ET

Company Participants

Markus Georgi – Head, Investor Relations

Stephan Sturm – Chairman

Rachel Empey – Chief Financial Officer

Conference Call Participants

Michael . . . → Read More: Fresenius SE & Co. KGaA (FSNUF) Management on Q2 2020 Results – Earnings Call Transcript

Q2 2020 Equity Manager Report: Tech In The Driver’s Seat

Is the tech-fueled rebound in equity markets beginning to expand to other sectors?

While there are some signs of a broadening in the recovery that began at the end of March, the market rebound continues to be primarily driven by stocks benefiting the most from trends toward digitization and . . . → Read More: Q2 2020 Equity Manager Report: Tech In The Driver’s Seat

Indivior PLC (INVVY) CEO Mark Crossley on Q2 2020 Results – Earnings Call Transcript

Indivior PLC (OTCPK:INVVY) Q2 2020 Earnings Conference Call July 30, 2020 7:00 AM ET

Company Participants

Mark Crossley – Chief Executive Officer

Ryan Preblick – Interim Chief Financial Officer

Christian Heidbreder – Chief Scientific Officer

Conference Call Participants

Max . . . → Read More: Indivior PLC (INVVY) CEO Mark Crossley on Q2 2020 Results – Earnings Call Transcript

L’Oréal S.A. (LRLCF) CEO Jean-Paul Agon on Q2 2020 Results – Earnings Call Transcript

L’Oréal S.A. (OTCPK:LRLCF) Q2 2020 Earnings Conference Call July 31, 2020 5:00 AM ET

Company Participants

Francoise Lauvin – Head, Investor Relations

Jean-Paul Agon – Chairman and CEO

Christophe Babule – CFO

Mark Prestwich – Group General Manager, Financial Communication and . . . → Read More: L’Oréal S.A. (LRLCF) CEO Jean-Paul Agon on Q2 2020 Results – Earnings Call Transcript

ASE Technology Holding Co Ltd (ASX) on Q2 2020 Results – Earnings Call Transcript

ASE Technology Holding Co Ltd (NYSE:ASX) Q2 2020 Earnings Conference Call July 31, 2020 2:00 AM ET

Company Participants

Kenneth Hsiang – Head, IR & VP

Joseph Tung – Group CFO

Conference Call Participants

Randy Abrams – Crédit Suisse

. . . → Read More: ASE Technology Holding Co Ltd (ASX) on Q2 2020 Results – Earnings Call Transcript

Ultralife Corporation’s (ULBI) CEO Michael Popielec on Q2 2020 Results – Earnings Call Transcript

Ultralife Corporation (NASDAQ:ULBI) Q2 2020 Earnings Conference Call July 30, 2020 8:30 AM ET

Company Participants

Jody Burfening – Lippert/Heilshorn & Associates, Inc.

Michael D. Popielec – CEO and President

Philip A. Fain – CFO, Treasurer, and Corporate Secretary

Conference . . . → Read More: Ultralife Corporation’s (ULBI) CEO Michael Popielec on Q2 2020 Results – Earnings Call Transcript

Givaudan: Sticky Player In A Niche Industry

Investment Thesis

It is quite exciting to find a niche market with several secular tailwinds and top players’ rational behavior. In my opinion, Flavors & Fragrances (F&F) is such a type of niche industry. Top 4 players consist of more than half of the market share with trends of continuing consolidation. In . . . → Read More: Givaudan: Sticky Player In A Niche Industry

ViewRay’s (VRAY) CEO Scott Drake on Q2 2020 Results – Earnings Call Transcript

ViewRay, Inc. (NASDAQ:VRAY) Q2 2020 Earnings Conference Call July 30, 2020 4:30 PM ET

Company Participants

Michaella Gallina – Vice President-Chief of Staff and Head-Investor Relations

Scott Drake – President and Chief Executive Officer

Zach Stassen – Chief Financial Officer

Shahriar . . . → Read More: ViewRay’s (VRAY) CEO Scott Drake on Q2 2020 Results – Earnings Call Transcript

A New CEO Sets Up Wrap Technologies For Strong Growth

New York (July 30th) – A recent Seeking Alpha article by White Diamond Research took to task Wrap Technologies, Inc. (WRTC) and suggested a short case for investors. The article made some reasonable points. But we’re of the view that the short case made in that piece is likely overstated and missed . . . → Read More: A New CEO Sets Up Wrap Technologies For Strong Growth

Whitecap Resources Inc. (SPGYF) CEO Grant Fagerheim on Q2 2020 Results – Earnings Call Transcript

Whitecap Resources Inc. (OTCPK:SPGYF) Q2 2020 Earnings Conference Call July 30, 2020 11:00 AM ET

Company Participants

Grant Fagerheim – President and Chief Executive Officer

Joel Armstrong – VP, Production & Operations

Thanh Kang – Chief Financial Officer

Conference Call Participants

. . . → Read More: Whitecap Resources Inc. (SPGYF) CEO Grant Fagerheim on Q2 2020 Results – Earnings Call Transcript

Chart Industries: Quant Rating Champion Has Potential

Chart Industries, Inc. (GTLS) has an exemplary, sector-leading Quant Rating underpinned by strong growth potential, high profitability, resilient momentum, and a few up EPS revisions. Unfortunately, GTLS does not pay a dividend despite copious FCF. The most obvious explanation here is that the company prefers to retain FCF to fortify the balance . . . → Read More: Chart Industries: Quant Rating Champion Has Potential

Cabot Oil & Gas Announces Q2 2020 Beat, Reaffirms Guidance, Highlighting 2021 Discount

This is a Z4 Research pre-call note.

The 2Q20 Numbers: Cabot Oil & Gas (NYSE:COG) volumes were above the high end of guidance taking the Street by surprise. The second quarter was meant to show a stronger sequential decline due largely to a lighter completion schedule with pads of . . . → Read More: Cabot Oil & Gas Announces Q2 2020 Beat, Reaffirms Guidance, Highlighting 2021 Discount

JetBlue: Abundance Of Liquidity Will Help This Airline To Survive The Pandemic

Despite showing poor performance in Q2, I stand with my belief that JetBlue (JBLU) will be one of the first airlines to recover from the current crisis and thrive once this is all over. JetBlue was one of the first airlines to experience the negative effect of COVID-19, since New York and . . . → Read More: JetBlue: Abundance Of Liquidity Will Help This Airline To Survive The Pandemic

Value Investing Is Still Moribund

By Baruch Lev and Anup Srivastava

In our widely debated paper (“Explaining the Recent Failure of Value Investing”), we have established empirically the following:

The failure of value investing isn’t a recent phenomenon. In fact, this highly touted and widely used investment technology stopped performing in the late 1980s. Value . . . → Read More: Value Investing Is Still Moribund

Archer-Daniels-Midland Company 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Archer-Daniels-Midland Company in conjunction with their 2020 Q2 earnings call.

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126

Click to enlarge

. . . → Read More: Archer-Daniels-Midland Company 2020 Q2 – Results – Earnings Call Presentation

LGI Homes: Don’t Get Blindsided By The Positive Sentiment And Miss An Important Risk

Editor’s note: Seeking Alpha is proud to welcome DGV Capital as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »

Since . . . → Read More: LGI Homes: Don’t Get Blindsided By The Positive Sentiment And Miss An Important Risk

DMC Global Lost Market Share, But Prepares To Wrest It Back

DMC Global Is Ready To Fight It Out

Source

DMC Global’s (BOOM) top line and margin deteriorated considerably in Q2 as the customers opted for the cheaper component perforating gun providers. Low volume and capacity utilization of the production facilities led to cost under-absorption, which put enormous . . . → Read More: DMC Global Lost Market Share, But Prepares To Wrest It Back

CytoDyn’s COVID-19 Trial Tribulations

In response to the current worldwide pandemic, CytoDyn (OTCQB:CYDY) is frenetically tracking down an FDA approval for its monoclonal antibody, leronlimab in treatment of COVID-19. I was initially quite skeptical of this quest, but I have slowly warmed to the prospect.

As matters now stand, I am waiting and watching . . . → Read More: CytoDyn’s COVID-19 Trial Tribulations

Salazar To Drill Up To Four Projects By Year End

Salazar Resources was highlighted as the featured investment in the MJG partnership’s mid 2019 investor letter. We first initiated our position in SRL in April 2019 and today have a cost basis of roughly C$0.17 per share. The past six months have again been light on substantial news flow, which is . . . → Read More: Salazar To Drill Up To Four Projects By Year End

Spanish Mountain Gold: Digging Into The Preliminary Economic Assessment

We’ve seen a surge in speculative activity among the gold juniors (GDXJ) over the past few months, with more than thirty names up over 150% year to date. The most recent name to attract retail investors’ capital is Spanish Mountain Gold (OTCPK:SPAZF). The junior miner is exploring for gold at its Spanish . . . → Read More: Spanish Mountain Gold: Digging Into The Preliminary Economic Assessment

OneMain Holdings, Inc. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by OneMain Holdings, Inc. in conjunction with their 2020 Q2 earnings call.

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131

. . . → Read More: OneMain Holdings, Inc. 2020 Q2 – Results – Earnings Call Presentation

Short Paycom: Market Underestimating Cyclicality And Operating Leverage With ~30-50% Downside

This article was highlighted for PRO subscribers, Seeking Alpha’s service for professional investors. Find out how you can get the best content on Seeking Alpha here.

Short Paycom (NYSE:PAYC) at $290. With high expectations embedded in Paycom’s valuation, investors are underestimating the business model’s cyclicality and operating leverage. Street estimates . . . → Read More: Short Paycom: Market Underestimating Cyclicality And Operating Leverage With ~30-50% Downside

Alpha Trader Podcast: Talking SPACs With Chris DeMuth; Talking Markets And Gold With Lyn Alden Schwartzer

This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with Lyn Alden Schwartzer and Chris DeMuth. Lyn is the founder of Lyn Alden Investment Strategy, and co-author of the Stock Waves service on Seeking Alpha. Chris is the founder of Rangeley Capital and author of the Sifting . . . → Read More: Alpha Trader Podcast: Talking SPACs With Chris DeMuth; Talking Markets And Gold With Lyn Alden Schwartzer

The Ultimate Pain Trade

I recently wrote about the massive outperformance of mega-cap tech and the broader Growth index as investors have piled into the only area of the stock market where earnings growth has been largely unaffected by COVID-19. In a world where economic growth is absent and in-person interaction is severely limited, it has . . . → Read More: The Ultimate Pain Trade

Sentiment Speaks: I Hate Banks – Including Goldman Sachs

For many years, I have noted to the members of Elliottwavetrader and The Market Pinball Wizard that I have not been a fan of banks. In fact, they are on my list of stocks that I intend on shorting once we move towards the 2023 time frame.

But, while many . . . → Read More: Sentiment Speaks: I Hate Banks – Including Goldman Sachs

Hit By Pandemic, Ventas Still Offers Long-Term Value With Solid Fundamentals

In the last few months, Ventas (VTR) has suffered because the coronavirus pandemic has impacted it with across-the-board hREIT specific problems, as well as with problems specific to Ventas and its business model. The broad problems affecting hREITs are, one the one hand, drastically reduced new admissions, and on the other hand, . . . → Read More: Hit By Pandemic, Ventas Still Offers Long-Term Value With Solid Fundamentals

Where Is This Market Headed Next

Higher, at least for now. Then lower, as the market completes its full cycle.

Optimists believe that the pandemic will disappear and life will soon return to normal. Pessimists also believe that this is true. They just disagree on the timing.

Few can argue that the optimists . . . → Read More: Where Is This Market Headed Next

New Home Sales Up 13.8% In June, Beats Forecast

By Jill Mislinski

This morning’s (July 24) release of the June New Home Sales from the Census Bureau came in at 776K, up 13.8% month-over-month from a revised 682K in May. Investing.com forecasted a 4.0% increase.

Here is the opening from the report:

Statement Regarding COVID?19 Impact: Due . . . → Read More: New Home Sales Up 13.8% In June, Beats Forecast

Rapid7 Fails To Take Advantage Of Long-Term Tailwinds

Investment thesis

IT trends come and go, but cybersecurity is poised to stay as every company is turning into a software company. A name that will benefit from this mass migration is Rapid7. But is it a wise investment?

Founded in 2000, it has been growing at a steady pace . . . → Read More: Rapid7 Fails To Take Advantage Of Long-Term Tailwinds

British American Tobacco Is An Ultra-Value/Anti-Bubble Buy Yielding 7.6%

This article was co-produced with Dividend Sensei and edited by Brad Thomas.

Let me be clear right from the get-go.

I would never recommend putting half of my net worth in a single asset class. Ever. As much as I love REITs, it would be downright foolish to . . . → Read More: British American Tobacco Is An Ultra-Value/Anti-Bubble Buy Yielding 7.6%

Umpqua Holdings: Balancing Act Before Dividend Cut

Umpqua’s (NASDAQ:UMPQ) 2Q 2020 was a balancing act with a big bang in mortgage banking balanced by the shrinking margin and another huge credit loss provision. Management fought hard for unsustainable earnings; sustainability, of course, being very important in Oregon.

Source: Robintriggs.co.uk

As a long-time . . . → Read More: Umpqua Holdings: Balancing Act Before Dividend Cut

Earnings Results: Verizon earnings top expectations but COVID-19 pressures wireless, media businesses

Verizon Communications Inc. topped earnings and revenue expectations for its second quarter on Friday, but shares of the wireless company dipped slightly in premarket trading.

The company posted net income of $4.7 billon, or $1.13 a share, up from $3.9 billion, or 95 cents a share, in the year-prior quarter. Verizon VZ, . . . → Read More: Earnings Results: Verizon earnings top expectations but COVID-19 pressures wireless, media businesses

Broadwind: Increasing Price Target Range Driven By Multiple Expansion And Continued Strong Industry Fundamentals

This is a Z4 pre quarter note.

BWEN Valuation Thoughts

Our prior 12 month upside target of $4.00 was based on the midpoint of our 2021 EBITDA range of 3.5x to 4.5x. This Z4 upside target was meant to be conservative given their small cap, off the beaten . . . → Read More: Broadwind: Increasing Price Target Range Driven By Multiple Expansion And Continued Strong Industry Fundamentals

Are Treasury Yields Poised To Test New Lows?

The demand for safe haven government bonds shows no sign of easing. It’s not hard to understand why when you consider renewed concern that the US economic recovery is cooling, US-China relations are deteriorating, and there are few signs that America is getting control of the coronavirus. It all adds up to . . . → Read More: Are Treasury Yields Poised To Test New Lows?

Biocon Ltd (BCNQY) CEO Siddharth Mittal on Q1 2021 Results – Earnings Call Transcript

Biocon Ltd (OTC:BCNQY) Q1 2021 Earnings Conference Call July 23, 2020 11:30 AM ET

Company Participants

Saurabh Paliwal – Head, IR

Kiran Mazumdar-Shaw – Founder & Executive Chairperson

Christiane Hamacher – CEO & MD, Biocon Biologics India Ltd.

Sundar Ramanan – . . . → Read More: Biocon Ltd (BCNQY) CEO Siddharth Mittal on Q1 2021 Results – Earnings Call Transcript

The Tell: Vanguard comes to defense of the 60/40 portfolio as it forecasts stock market returns for the next decade

The 60/40 portfolio has come in for its share of criticism recently, with Bank of America proclaiming its death last year.

A 60/40 portfolio has 60% invested in stocks, and 40% in bonds or other safe asset classes. In a new note to clients, index fund powerhouse Vanguard Group points out how well the . . . → Read More: The Tell: Vanguard comes to defense of the 60/40 portfolio as it forecasts stock market returns for the next decade

Earnings Results: AT&T stock gains after earnings beat but company predicts COVID-19 will accelerate cord-cutting

AT&T Inc. shares were up about 1% in premarket trading Thursday after the company posted better-than-expected earnings despite pressures across the business from COVID-19.

The company generated June-quarter net income of $1.56 billion, or 17 cents a share, down from $3.97 billion, or 51 cents a share, in the year-prior quarter. Adjusted earnings . . . → Read More: Earnings Results: AT&T stock gains after earnings beat but company predicts COVID-19 will accelerate cord-cutting

Becle: The Agave Shortage In Numbers

Summary

This article discusses the current agave shortage and its impact on Becle’s (OTCPK:BCCLF) profitability and valuation. My initial report on Becle provides a more detailed view of the company, its operations, and my investment thesis.

The Shortage

In 2019, Becle shipped 10.9 million cases of tequila making it the . . . → Read More: Becle: The Agave Shortage In Numbers

Powerful Momentum Is Still Evident In The Foreign Exchange Market

Overview

The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia-Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiwan markets slipped lower, while Hong Kong, . . . → Read More: Powerful Momentum Is Still Evident In The Foreign Exchange Market

NETGEAR, Inc. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by NETGEAR, Inc. in conjunction with their 2020 Q2 earnings call.

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2x ASP…” data-src=”https://static2.seekingalpha.com/uploads/sa_presentations/553/57553/slides/20.jpg?1595503633″ title=”Upgraded T echnology > 2x ASP…”> . . . → Read More: NETGEAR, Inc. 2020 Q2 – Results – Earnings Call Presentation

It’s ‘Funding’ Mental

By Kevin Flanagan, Head of Fixed Income Strategy

I haven’t had to blog about LIBOR and any attendant funding issues for a while… and that was the good news. Unfortunately, the negative market effects from the COVID-19 pandemic created a setting in the funding arena that needed to be addressed . . . → Read More: It’s ‘Funding’ Mental

Cadence Bancorporation 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Cadence Bancorporation in conjunction with their 2020 Q2 earnings call.

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. . . → Read More: Cadence Bancorporation 2020 Q2 – Results – Earnings Call Presentation

Clorox Company Q4 Earnings Preview

Introduction

Clorox (NYSE:CLX) beat their Q3 earnings forecast handily back on May 1st and are certainly going to repeat this performance again with Q4. In the age of Covid and sheltering in place, May 1st feels like it was years ago and the amount of uncertainty surrounding the economy, corporate operations, and . . . → Read More: Clorox Company Q4 Earnings Preview

Futures Movers: Oil prices pullback from four-month high after inventory reports shows unexpected build

Oil futures headed lower early Wednesday, pulling back after crude settled around a four-month high Tuesday on a report showing U.S. energy stock piles rose more than than expected. Rising tensions between the U.S. and China also may cause some headwinds for crude.

The American Petroleum Institute reported late Tuesday that U.S. crude . . . → Read More: Futures Movers: Oil prices pullback from four-month high after inventory reports shows unexpected build

Market Snapshot: Dow futures slip as China-U.S. tensions ratchet up, while investors watch for earnings from Tesla, Microsoft

U.S. stocks were indicated modestly lower early Wednesday as investors watched signs of Sino-American testiness and readied for corporate results from major corporations, including Tesla and Microsoft.

Market participants also watched the status of Congressional negotiations on another financial aid package for businesses and individuals coping with the economic damage wrought by . . . → Read More: Market Snapshot: Dow futures slip as China-U.S. tensions ratchet up, while investors watch for earnings from Tesla, Microsoft

Tesla stock options are priced for an unusually big post-earnings move—but the odds are stacked against bettors

Tesla Inc. stock options are implying a one-day post-earnings move that is more than 60% greater than the historical average, but the odds are currently stacked against investors willing to bet on such unusual volatility.

The electric-vehicle maker is scheduled to report second-quarter results after Wednesday’s closing bell. The average estimates of the 23 . . . → Read More: Tesla stock options are priced for an unusually big post-earnings move—but the odds are stacked against bettors

Chinese Economy: Global Locomotive But Significant Risks

By Bill Witherell

China’s economy, the second largest in the world after that of the United States, is recovering from a sharp slowdown in the first quarter of the year. The first estimate of the annualized second-quarter GDP growth rate is +3.2% versus 2.4% expected, a strong reversal from . . . → Read More: Chinese Economy: Global Locomotive But Significant Risks

Synovus Financial Corp. 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by Synovus Financial Corp. in conjunction with their 2020 Q2 earnings call.

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. . . → Read More: Synovus Financial Corp. 2020 Q2 – Results – Earnings Call Presentation

Bargain In The Platinum Industry, The Worst-In-Breed In Precious Metals

Precious metals are all the rage these days. Gold has moved to over $1800 in US dollars and new record highs in almost all other currencies. After trading below $12 in March and falling to an eleven-year low, silver made a new high for 2020 and was over $19.50 at the end . . . → Read More: Bargain In The Platinum Industry, The Worst-In-Breed In Precious Metals

The Impact Of Carbon Risk On Stock Returns

A large body of academic research attempts to explain the cross-sectional pattern of stock returns based on exposures to factors such as size and value, profitability/quality, and momentum. One variable that has so far been missing from the analysis is corporate carbon emissions. The evidence of rising temperatures and the renewed . . . → Read More: The Impact Of Carbon Risk On Stock Returns

Need to Know: Risks are mounting for U.S. stocks. Here’s where investors should look instead, says BlackRock

It is set to be a subdued start to a bumper week of earnings.

U.S. stock futures edged lower at the start of a week, which will see a number of big names report results, including Tesla TSLA, +0.01%, Microsoft MSFT, -0.51% and United Airlines UAL, -1.65%. The race for a coronavirus vaccine . . . → Read More: Need to Know: Risks are mounting for U.S. stocks. Here’s where investors should look instead, says BlackRock

Enbridge: Line 3, Line 5 And A Nearly 8% Yield

Investment Thesis

Enbridge Inc. (ENB) is a leading operator of critical infrastructure supplying the vital energy needs of the North American economy. The liquids and natural gas pipelines, storage and transmission network owned by Enbridge comprise a set of irreplaceable, non-substitutable assets that generate cash flow on a long-term contracted basis. Enbridge . . . → Read More: Enbridge: Line 3, Line 5 And A Nearly 8% Yield

Capital Markets Weekly: Emerging Market Issuers Continue Pushing Debt Maturity Threshold

Among this week’s highlights indicating emerging market focus on accessing long-term debt are a 30-year issue for the Emirate of Sharjah and plans by Brazilian petrochemical company Braskem (NYSE:BAK) to raise hybrid debt, following recent perpetual sales by Emirates NBD, Banorte (OTCQX:GBOOF) and DP World (OTC:DPWRF): the only long-dated emerging market . . . → Read More: Capital Markets Weekly: Emerging Market Issuers Continue Pushing Debt Maturity Threshold

Brett Arends’s ROI: The hidden risk in your S&P 500 index fund

How much of your retirement savings are you now gambling on the fortunes of just six companies?

If you’re holding them in an S&P 500 SPX, +0.28% stock market index fund, the answer is: About a quarter.

That’s how much the so-called “FANMAGs”—Facebook FB, +0.45%, Apple AAPL, -0.20%, Netflix NFLX, -6.52%, Microsoft MSFT, . . . → Read More: Brett Arends’s ROI: The hidden risk in your S&P 500 index fund

Holly Energy Partners: The 10% Yield Is Safe, But The Old 20% Yield May Never Return

Introduction

Even though Holly Energy Partners (NYSE:HEP) reduced their distributions by 48% earlier in 2020, they still currently offer a very high yield slightly above 10%. Given the desirability of this potential income in a low interest rate world, it poses two important questions, being whether their distribution is now safe, and . . . → Read More: Holly Energy Partners: The 10% Yield Is Safe, But The Old 20% Yield May Never Return

First Horizon National Corporation 2020 Q2 – Results – Earnings Call Presentation

The following slide deck was published by First Horizon National Corporation in conjunction with their 2020 Q2 earnings call.

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. . . → Read More: First Horizon National Corporation 2020 Q2 – Results – Earnings Call Presentation

Black Hills: This 3.4%-Yielding Stock Is Undervalued

Investment Thesis

Black Hills (NYSE:BKH) saw its EPS decline in Q1 2020 primarily due to unfavorable weather conditions. The company has $2.7 billion of capital projects to help grow its EPS in the next five years. It has recently lowered its 2020 guidance slightly due to the negative impact of COVID-19, but . . . → Read More: Black Hills: This 3.4%-Yielding Stock Is Undervalued

Swedbank AB (publ) (SWDBF) CEO Jens Henriksson on Q2 2020 Results – Earnings Call Transcript

Swedbank AB (publ) (OTCPK:SWDBF) Q2 2020 Earnings Conference Call July 17, 2020 2:00 AM ET

Company Participants

Gregori Karamouzis – Head of IR

Jens Henriksson – CEO

Anders Karlsson – CFO

Lars-Erik Danielsson – Chief Credit Officer

Conference Call . . . → Read More: Swedbank AB (publ) (SWDBF) CEO Jens Henriksson on Q2 2020 Results – Earnings Call Transcript