Quick Note: A lot of mumblings about mega-cap stocks due for some mean reversion and underperformance in 2024, following an amazing 2023 (so far). In the semiconductor space (i.e. chip stocks), mega-caps like Nvidia and AMD have dominated, and for good reason (i.e. their tie in to explosive growth in data centers related to Artificial Intelligence demand for chips). In this quick note, we share data on 60 chips stocks (including large, mid and small caps), and some thoughts on which names could benefit in 2024.
Quick Note: 100 Big-Yield REITs, Down Big
Quick Note: Sharing data on over 100 big-yield REITs, sorted by industry group. As you can see, performance has been horrendous over the last two years, for some groups more than others. The unusual 1-2-3 punch or rising interest rates, an uncertain economy and the winds of secular change (for example, work-from-home and online shopping) have all played a big part.
Quick Note: Big-Yield CEFs, Watchlist Data
Quick Note: Briefly sharing some updated data on big-yield CEFs on our watchlist. You’ll note a few standout for bigger than normal discounts and smaller than normal premiums (as per z-scores). Returns have been healthy for equity CEFs, but weak for bond CEFs (as interest rates have been rising). However, the interest rate environment is changing, and so are the opportunities going forward for bonds.
Top Performing Stocks YTD, Sorted by Market Cap
100 High-Growth "Digital Revolution" Stocks, Down Big
The digital revolution is perhaps the biggest secular trend today, and it is likely to continue (to the benefit of select companies) for many years to come. For example, software and semiconductors stocks are two big beneficiaries. In this quick note, we share data on over 100 software and semiconductor stocks with high growth (i.e. 12% revenue growth expectations for next year), plus we’ve included the “Super 7” mega-caps for comparison purposes too.
High Income NOW Portfolio: New Purchase
Quick Note: W.P. Carey Dividend Reduction
Quick Note: Big-Dividend BDC Market Update
Quick Note: Here is a look at updated performance for BDCs over recent (and longer) time periods. As you can see, the group has been strong this year, with many outpacing the S&P 500 yet still trading below reported book value. A few key observations, starting with Ares Capital and then moving on to some of the more “growth-focused” BDCs:
Quick Note: Barron's Says Enphase Shares Can Jump 80%. We Agree.
Quick Note: Barron’s thinks this beaten-down solar stock could jump 80%. We agree. It made our top 10 growth stocks list for this month, and in the quarters and years ahead, we believe the shares will be trading dramatically higher. You can read our previous full report on the business here.
Nvidia: Despite Price Gains, Valuation Now Lower
Top Technology Sector Growth Stocks (Copy)
Quick Note: Disciplined Growth Portfolio Updated
Quick Note: Big-Yield CEF Data
Quick Note: The tables below include updated data for 75 big-yield Closed-End Funds (CEFs) from across many categories. As you can see, there are some very interesting discount/premium things happening, as well as a wide variety of year-to-date returns (based on category). We’ll have more to say about this data soon (with regards to our High Income NOW portfolio) but a few noteworthy items include…
Quick Note: Sea Limited, Down After Earnings
Quick Note: Palantir Earnings Update
Quick Note: The Power of Disciplined Long-Term Investing
Quick Note: The Power of Disciplined Long-Term Investing. In a world where instant gratification often takes precedence, the virtues of disciplined long-term investing stand as a beacon of financial wisdom. The practice of committing to a well-structured investment strategy, characterized by compound growth, prudent diversification, and infrequent trading, has the potential to reshape your financial future in profound ways. Let me explain…
Mercado Libre: Earnings Note
Quick Note: MercadoLibre (MELI): The leading Latin American online commerce platform announced earnings after the close on Wednesday, and the results were good. The company beat revenue and earnings estimates, and the shares were up around 4% in afterhours. Here is a quick update based on key points from the release.
Quick Note: July Performance (Disciplined Growth Portfolio)
Quick Note: About SoFi CEO Anthony Noto
Quick Note: Anthony Noto (SOFI CEO): In the ever-evolving landscape of the financial industry, a great leader can be the difference between stagnation and growth. Anthony Noto, the CEO of SoFi (Social Finance, Inc.), stands out as a paragon of effective leadership and innovation. With a remarkable educational background, extensive work experience, and a series of impressive successes, Noto has proven himself as a visionary leader who is shaping the future of the financial world.