Drs Producoes/E+ via Getty Images Investment Thesis I reiterate my buy rating on ETFs tracking Brazilian assets. This is not my first article about Brazil! My recommended portfolio for 2026 has a mix of US stocks and Brazilian stocks, and I have articles on iShares MSCI Brazil ETF ( EWZ ) and Franklin FTSE Brazil ETF ( FLBR ). However, the opportunity here is so huge that I considered writing a ne...
Drs Producoes/E+ via Getty Images Investment Thesis I reiterate my buy rating on ETFs tracking Brazilian assets. This is not my first article about Brazil! My recommended portfolio for 2026 has a mix of US stocks and Brazilian stocks, and I have articles on iShares MSCI Brazil ETF ( EWZ ) and Franklin FTSE Brazil ETF ( FLBR ). However, the opportunity here is so huge that I considered writing a new and broader article to make sure that my readers will have access to this opportunity. Brazilian assets There are a lot of ways to gain exposure to Brazilian stocks. The main ETF is EWZ. It's managed by BlackRock with $11 billion in AUM and an expense ratio of 0.59%. But we also have the FLBR, which has an expense ratio of 0.19%. I shared details about these two ETFs in specific articles where I discuss the benchmark, portfolio, and other aspects. Comparison (SA) Context I have had an optimistic view on Brazilian assets for some time now, as I said in the chapter above. Not to mention that my recommended stock portfolio is a mix of US companies and Brazilian dividend-paying companies. My investment thesis explains why Brazil was the worst ETF country in 2024 and now is one of the best ETF countries in 2026 (and why it had the worst currency in 2024 and the best in 2026). There are three drivers that explain this movement. First, the market is optimistic about the presidential elections in 2026. There are strong reasons to believe that the opposition will win the election and carry out fiscal adjustments that the country needs. Second, Brazil is attractive now because its economy is sensitive to hard assets . Brazil has oil, iron ore, and the second largest rare earth reserves in the world. Third, the valuation is interesting, yet despite the recent rise in prices. I addressed the same ideas in my last article , but FLBR is an ETF with a low audience. I think this is very important, and that is why I will write a more comprehensive article to explain the thesis, not to men...
Strekoza2/iStock Editorial via Getty Images Antero Midstream ( AM ) noted that it expects high-single-digits , adjusted EBITDA growth in 2027 and 2028, with the potential for even higher growth depending on Antero Resources' ( AR ) plans. This would mean that Antero Midstream could reach around $1.4 billion in adjusted EBITDA in 2028 (with $1.5 billion as an upside scenario). At $1.4 billion in ad...
Strekoza2/iStock Editorial via Getty Images Antero Midstream ( AM ) noted that it expects high-single-digits , adjusted EBITDA growth in 2027 and 2028, with the potential for even higher growth depending on Antero Resources' ( AR ) plans. This would mean that Antero Midstream could reach around $1.4 billion in adjusted EBITDA in 2028 (with $1.5 billion as an upside scenario). At $1.4 billion in adjusted EBITDA, Antero Midstream would be able to generate close to $1 billion in free cash flow before dividends. It would also have around 1.7x dividend coverage for an increased $0.30 per share quarterly dividend (and I am currently expecting a 2027 dividend increase). I also believe that the Middle East conflict is a longer-term positive for US LNG exports, which would help support more natural gas production growth (although perhaps not higher long-term US natural gas prices). Thus I am slightly increasing my estimate of Antero Midstream's value from $21.20 to $22 per share. Q1 2026 Results Antero Midstream reported $288 million in adjusted EBITDA in Q1 2026, up from $274 million in Q1 2025. This translated into $85 million in free cash flow after dividends for the quarter. Gathering volumes were up 14% year-over-year, reflecting the partial quarter impact of the HG Midstream acquisition. Antero Midstream closed on its HG Midstream acquisition on February 3 and on its Utica Shale divestiture on February 23, so the results include around eight weeks of contributions from the HG Midstream assets and close to eight weeks of contributions from the Utica Shale assets before they were divested. Antero Midstream also reaffirmed its full year guidance. At guidance midpoint, Antero Midstream expects to average around $309 million per quarter in adjusted EBITDA and around $92 million per quarter in free cash flow after dividends. Future quarters benefit from the full quarter impact of the HG Midstream acquisition and additional activity on the HG Energy acreage. Antero Midstream ...
Three Chinese nationals who travelled to Singapore to break into houses and steal expensive items after they saw multiple videos on social media about wealthy Singaporeans were sentenced to jail on Thursday. The three men, Yang Chao, Zhou Qifa and He Jiao, conspired to target vulnerable properties in Singapore, break into the houses, steal valuables and leave the country with them. Both Yang, 42, ...
Three Chinese nationals who travelled to Singapore to break into houses and steal expensive items after they saw multiple videos on social media about wealthy Singaporeans were sentenced to jail on Thursday. The three men, Yang Chao, Zhou Qifa and He Jiao, conspired to target vulnerable properties in Singapore, break into the houses, steal valuables and leave the country with them. Both Yang, 42, and He, 38, were sentenced to five years and three months in prison, while Zhou, 37, was sentenced...
Recent performance snapshot for Advanced Micro Devices (AMD) Advanced Micro Devices (AMD) has attracted fresh attention after a strong run in its shares, with the stock showing gains over the past week, month and past 3 months, drawing investors back to the semiconductor name. At a recent close of US$354.49 and a 1 day return of about 5%, AMD stands well above its past month and past 3 months perf...
Recent performance snapshot for Advanced Micro Devices (AMD) Advanced Micro Devices (AMD) has attracted fresh attention after a strong run in its shares, with the stock showing gains over the past week, month and past 3 months, drawing investors back to the semiconductor name. At a recent close of US$354.49 and a 1 day return of about 5%, AMD stands well above its past month and past 3 months performance. Its 1 year and multi year total returns sit at very large multiples of the starting...
Long-duration bond funds got brutalized when the 10-year Treasury yield spiked above 4.5% last year, and even high-yield credit funds gave back gains every time the VIX poked above 25. PIMCO 0-5 Year High Yield Corporate Bond Index ETF (NYSEARCA:HYS) was built for investors who want junk-bond income without that whipsaw. The fund tracks short-maturity ... This 7% Yielding ETF Keeps You Out Of Mark...
Long-duration bond funds got brutalized when the 10-year Treasury yield spiked above 4.5% last year, and even high-yield credit funds gave back gains every time the VIX poked above 25. PIMCO 0-5 Year High Yield Corporate Bond Index ETF (NYSEARCA:HYS) was built for investors who want junk-bond income without that whipsaw. The fund tracks short-maturity ... This 7% Yielding ETF Keeps You Out Of Market Volatility
It's official: SpaceX is aiming to go public sometime in 2026. I'm personally very excited about the impending SpaceX IPO . Some reports suggest that the space stock could go public as early as June. Those same reports claim that SpaceX will seek a $1.75 trillion valuation, hoping to raise up to $75 billion in fresh capital. If you're looking to invest in SpaceX , I have some exciting news: the co...
It's official: SpaceX is aiming to go public sometime in 2026. I'm personally very excited about the impending SpaceX IPO . Some reports suggest that the space stock could go public as early as June. Those same reports claim that SpaceX will seek a $1.75 trillion valuation, hoping to raise up to $75 billion in fresh capital. If you're looking to invest in SpaceX , I have some exciting news: the company apparently wants to make it very easy for smaller retail investors to participate. "Retail is going to be a critical part of this and a bigger part than any IPO in history," SpaceX CFO Bret Johnsen reportedly told a team of bankers in April. Apparently, Elon Musk wants to allocate up to 30% of shares for smaller investors, whereas most companies typically reserve just 5% to 10% for retail investors. Don't want to wait until this summer to invest? I have even more good news: the two investment vehicles below allow you to get exposure as early as today . Continue reading
Earnings Call Insights: Ardelyx (ARDX) Q1 2026 Management View “2026 is poised to be another significant year of growth for our company, and we're already off to a great start,” said (President, CEO & Director Michael Raab), adding that the company’s priorities are “accelerating the growth of IBSRELA, maintaining the XPHOZAH momentum, building and expanding our pipeline and delivering strong finan...
Earnings Call Insights: Ardelyx (ARDX) Q1 2026 Management View “2026 is poised to be another significant year of growth for our company, and we're already off to a great start,” said (President, CEO & Director Michael Raab), adding that the company’s priorities are “accelerating the growth of IBSRELA, maintaining the XPHOZAH momentum, building and expanding our pipeline and delivering strong financial results.” On IBSRELA, (CEO Michael Raab) said: “In the first quarter, our disciplined commercial execution drove 58% year-over-year revenue growth… and we remain on track to deliver at least $1 billion in annual revenue in 2029.” On pipeline expansion, (CEO Michael Raab) said: “Earlier this year, we initiated the ACCEL trial, a Phase III clinical trial evaluating IBSRELA for chronic idiopathic constipation… We remain on track to complete enrollment by year-end and to announce top line data in the second half of 2027.” Management also highlighted IP and leadership updates, with (CEO Michael Raab) citing “our recently announced Orange Book listed 2099 patent covering the commercial formulations of IBSRELA and XPHOZAH,” and stating: “I'm excited with the 2 newest additions who've joined the executive team, Felecia Ettenberg, our Chief Legal Officer; and Dr. Rajani Dinavahi, our Chief Medical Officer.” From the CFO on financial positioning and capital allocation, (Chief Financial Officer Sue Hohenleitner) said: “We are driving towards profitability and meaningful cash generation,” and added: “Importantly, we are funding current operations and pipeline from our revenue base, which demonstrates the growing financial maturity of Ardelyx.” Outlook (Chief Financial Officer Sue Hohenleitner) reiterated 2026 revenue guidance for IBSRELA and said: “We are reiterating our 2026 revenue guidance for IBSRELA between $410 million and $430 million.” For XPHOZAH, (CFO Hohenleitner) said: “We are reiterating our revenue guidance between $110 million and $120 million in 2026.” On the broad...
The UN’s climate science body is pressing ahead with its work despite the US government’s withdrawal from the Intergovernmental Panel on Climate Change (IPCC) earlier this year, the organisation’s top official has said. According to IPCC chair Jim Skea, around 110 to 120 of the UN body’s 195 members typically show up when it meets. “So the US has not been there. It’s one country, more or less,” Sk...
The UN’s climate science body is pressing ahead with its work despite the US government’s withdrawal from the Intergovernmental Panel on Climate Change (IPCC) earlier this year, the organisation’s top official has said. According to IPCC chair Jim Skea, around 110 to 120 of the UN body’s 195 members typically show up when it meets. “So the US has not been there. It’s one country, more or less,” Skea said on the sidelines of the Regional Ecological Summit in Kazakhstan last week. “The meetings...