With a massive ongoing strike, Boeing is making some temporary cutbacks that could hit non-union staff hard. Boeing Chief Financial Officer Brian West on Monday announced the company is instituting a freeze on hiring and non-essential travel, and it will consider furloughs for employees, managers, and executives. The company is…
So, this is going to be another one of those “it’s the valuation that matters” sort of articles. In this case, the valuation matters regarding Enbridge (NYSE:ENB) (TSX:ENB:CA), an energy and pipeline business that we bought at the tail end of the last year of 2023. We did that buy at below $32/share for the US ticker ENB. We’re writing this article because we believe that investors are now facing a problem. The company has…
Fifteen minutes. That’s how much time TikTok will have this week to dissuade a federal appeals court from supporting a possible US ban of its social media app, which is used by 170 million Americans. Those 15 minutes could well be the most significant of TikTok’s US existence. The company is fighting for survival in the face of a law, signed by President Joe Biden, whose key provisions could kick in as soon as January.…
The cost of owning a vehicle in the U.S. has soared over the past few years, and data indicates Americans are likely to be hit with even more sticker shock. A recent report from auto shopping guide Edmunds points to a notable disconnect between what car buyers plan to spend on their next vehicle versus the average prices for new and used vehicles on dealership lots today. Edmunds found that 73% of consumers report that…
Welcome to the forum for Dividend Growth Investing discussion on Seeking Alpha. A new article is posted every two weeks as a space for sharing of ideas, discussing concepts, and digging deeper on DGI. All previous blogs are listed in chronological succession on the main chat page. As promised and with your valued feedback, we are publishing a new version of the article with some changes to make it more engaging. The structure of the…
News of an apparent assassination attempt on former U.S. president Donald Trump has taken China’s heavily censored social media by storm, prompting conspiracy theories and a mockery of the U.S. political landscape. The Republican nominee was unharmed, and a suspect was taken into custody after shots were fired on Sunday in what the Federal Bureau of Investigation said “appears to be an attempted assassination” at Trump’s Florida golf course.As the news spread to China on Monday,…
In the summer of last year, I believed that inflation was aiding Kraft Heinz (NASDAQ:KHC) with their reported revenues, yet negative volume trends were concerning. Amidst these trends, the outlook for 2023 was uncertain, yet the elevated pace of divestments was a thing of the past, with leverage rapidly under control. While the company returned to growth, this was entirely driven by pricing and inflation, with underlying volume trends being concerning. Over the past year,…
Main Thesis/Background The purpose of this article is to evaluate the Nuveen California Quality Municipal Income Fund (NYSE:NAC) as an investment option at its current market price. This is a closed-end fund whose objective is to “seek current income exempt from both regular federal income taxes and California personal income tax; its secondary investment objective is the enhancement of portfolio value”. I cover the California muni sector often, and that includes reviews on NAC. The…
A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction.The Federal Reserve’s highly anticipated two-day meeting, which gets underway on Tuesday, is poised to take center stage.The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. The only remaining question appears to be by how much the Fed will reduce rates.Traders currently see…
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Introduction In our previous article, we suggested that investors in Marathon Holdings (NASDAQ:MARA) should bet on its three characteristics: growing reserves, financially sustainable operations, and the ability to raise capital at good valuations to acquire underperforming competitors. Over the past 2 quarters, we think that MARA has performed well in 2 out of the 3 fronts. We saw MARA grow its reserves by 64%, from 15,741 Bitcoins in January to 25,945 in August. It also raised capital at reasonable valuations to make acquisitions (although its acquisitions of Bitcoin and not Bitcoin miners, like Riot Platform’s (RIOT) acquisition of Bitfarms (BITF)).…
Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on…
FTX/Alameda has unstaked over $1 billion in Solana (SOL), raising concerns about potential market impact. Despite this, SOL remains resilient, trading near $137. However, the large-scale unstaking could increase selling pressure and affect future price movements. Read the full article here
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Introduction As gold prices have risen this year, reaching record highs surpassing $2,500, investors in gold miners have been rewarded, with the VanEck Gold Miners ETF (GDX) up over 18% year to date. However, not every miner has performed so well. B2Gold (NYSE:BTG), headquartered in Vancouver, and with three operational mines in Namibia, Mali, and the Philippines, has underperformed, with the shares flat year to date. Operations this year have been impacted by a delay…
Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Before the tentative agreement was reached, Canada’s largest airline had been preparing to progressively cancel flights over three days and to completely shut down its operations as early as 12:01 a.m. EDT on Wednesday, Sept. 18. Air Canada and Air Canada…
In this year’s World Happiness Report, which ranks 143 countries across measures of life satisfaction, the United States came in at No. 23. This is the first time in the report’s 20-year history the U.S. has not ranked in the top 20.While Americans older than age 60 ranked No. 10 for happiness, those younger than 30 ranked 62nd.A growing body of research reveals that youth mental health is deteriorating. In 2021, 42% of U.S. high school…
The first two trading weeks of September have whiplashed investors. Last week was strong as stocks staged a comeback following favorable updates on inflation and a slew of companies at various analyst conferences. September is known as the worst month of the year for stocks. While all three Wall Street benchmarks are still slightly lower for the month, last week’s rally pushed the S & P Short Range Oscillator back up toward an overbought market…
Russel metals inc. (TSX:RUS:CA) operates as a metal distribution and processing company in Canada and the U.S. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products. The…
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Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year,…
Grace Carr has been studying, working or volunteering at the same hospital for almost as long as she’s been alive — and at 97 years old, she doesn’t plan on stopping anytime soon. Carr started training to become a nurse at Sacred Heart Hospital (now known as St. Luke’s Sacred Heart Campus) in Allentown, Pennsylvania during World War II in 1944. She was just 17 years old.”As long as I can remember, I wanted to be…
Investment Thesis The Gotham 1000 Value ETF (NYSEARCA:GVLU) is an actively managed multi-cap value fund with a 0.50% expense ratio (0.65% before waivers) and $160 million in assets management. Although it has modestly outperformed its benchmark, represented by the iShares Russell 1000 Value ETF (IWD), Gotham’s managers have yet to demonstrate its diversified approach works better than other multi-cap options available. In addition to IWD, I will evaluate three of them in the article below,…
The U.S. Federal Reserve is widely expected to finally start taking its foot off the interest rate brakes this week, and that will give authorities at China’s central bank room to act too. By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. “U.S. monetary easing could be a catalyst for a rerating of growth sectors in Chinese markets, with growth outperforming value,” by an average of 44 percentage points,…
