Hong Kong will launch a two-month public consultation on Monday on its first five-year blueprint to align the city’s development with the national plan, Chief Executive John Lee Ka-chiu has announced. Lee said on Tuesday the consultation would begin on June 15, marking what he described as a historic milestone for the city. “The formulation of Hong Kong’s first five-year plan is a historic step an...
Hong Kong will launch a two-month public consultation on Monday on its first five-year blueprint to align the city’s development with the national plan, Chief Executive John Lee Ka-chiu has announced. Lee said on Tuesday the consultation would begin on June 15, marking what he described as a historic milestone for the city. “The formulation of Hong Kong’s first five-year plan is a historic step and is of great significance,” he said. “We hope to gather everyone’s views, listen to the people and...
Tippapatt/iStock via Getty Images Portfolio Observations The Gabelli Global Growth Fund returned (7.6)% during the first quarter, compared with a (3.1)% return for the MSCI All Country World Index ( ACWI ) and a (9.9)% return for the Russell 1000 Growth Index ( IWF ). During the quarter, we added to existing positions in Amphenol Corp. ( APH ) (0.8% of net assets as of March 31, 2026), Applied Mat...
Tippapatt/iStock via Getty Images Portfolio Observations The Gabelli Global Growth Fund returned (7.6)% during the first quarter, compared with a (3.1)% return for the MSCI All Country World Index ( ACWI ) and a (9.9)% return for the Russell 1000 Growth Index ( IWF ). During the quarter, we added to existing positions in Amphenol Corp. ( APH ) (0.8% of net assets as of March 31, 2026), Applied Materials Inc. ( AMAT ) (1.1%), Howmet Aerospace Inc. ( HWM ) (1.0%), and Keyence Corp. ( KYCCF ) (2.1%). We initiated a new position in Fanuc Corp. ( FANUY ) (0.6%). Our largest position decreases in the quarter were Cadence Design Systems Inc. ( CDNS ) (0.7%), Oracle Corp. ( ORCL ) (0.9%), and Intuit Inc. ( INTU ) (0.7%). We did not eliminate any names from the portfolio in the quarter. For the first quarter our top five contributors to performance (based upon price change and position size) were GE Vernova Inc. ( GEV ) (4.2%), ASML Holding N.V. ( ASML ) (2.7%), Eaton Corporation plc ( ETN ) (2.3%), Applied Materials Inc. (1.1%), and Linde plc ( LIN ) (1.1%). On the flip side, the largest detractors from performance for the quarter were Microsoft Corp. ( MSFT ) (4.2%), Eli Lilly & Co. ( LLY ) (4.4%), Boston Scientific Corp. ( BSX ) (1.3%), LVMH Moët Hennessy Louis Vuitton SE ( LVMUY ) (1.3%), and Amazon. com Inc. (4.5%). The Gabelli Global Growth Fund At a sector level, we ended the quarter with overweight exposures in Industrials (17% of portfolio assets vs. 12% in the benchmark), Information Technology (29% of portfolio assets compared with 26% in the benchmark), and Communications Services (12% of portfolio assets compared with 9% in the benchmark). Our largest sector underweights at quarter-end included Energy (0% of portfolio assets vs. 5% in the benchmark) and Consumer Staples (1% of portfolio assets vs. 6% in the benchmark). Our Fund remains fairly concentrated with positions in 47 companies as of the end of the quarter. The top five holdings represent 25% of portfoli...
Riz Visua/iStock via Getty Images The Undercovered Dozen is a weekly Seeking Alpha editor-curated series highlighting 12 articles on lesser-covered stocks from the previous seven days. We hope this provides ideas and inspires discussion among the community. Today, we're looking at articles published between May 22 and May 28. Take a look at what these less-covered stocks might hold for you. And pl...
Riz Visua/iStock via Getty Images The Undercovered Dozen is a weekly Seeking Alpha editor-curated series highlighting 12 articles on lesser-covered stocks from the previous seven days. We hope this provides ideas and inspires discussion among the community. Today, we're looking at articles published between May 22 and May 28. Take a look at what these less-covered stocks might hold for you. And please join the conversation below to share what you think: Are any of these worth following up on? And are there other undercovered ideas that you like? Hess Midstream: 8% Yield That's Backed By Chevron The Supercycle Investor | Buy When scrolling through the North American midstream sector, it's easy to find high yielding names - you can find MLPs with yields ranging from 5% to 10% or higher (in some cases). But not every one of these stocks deserves a permanent home in an income portfolio for various reasons. It's not enough to just lock in a high yield. In particular, I'm looking for high-yielding stocks with a positive history of growing distributions over time, even during weak oil price environments, as these are the stocks that in this sector that tend to outperform over the long haul. And I prefer midstream stocks with relatively low leverage and a history of strong operating results. Hess Midstream ( HESM ) is a name I've known for years but haven't pulled the trigger on yet. It isn't my top pick: Western Midstream ( WES ) and MPLX ( MPLX ) get that honor. But, when it comes to the things that matter most to income investors (distribution history and valuation, for starters), HESM screens a bit better than many of its peers. That's why I've rated the stock as a BUY. Read more here. Gorilla Technology's NeutraDC Deal Changes Everything, And It's Not Yet Priced In Ryan Canady | Buy Gorilla Technology Group ( GRRR ) announced on Tuesday, May 26, 2026, that it has signed a strategic agreement with NeutraDC to provide 5.5 megawatts of AI-focused data center capacity. Tha...
Photo: VCG Under the pressure of a rapidly aging population and a rising chronic disease burden, China is facing a stubborn challenge in curbing smoking rates. At a recent media briefing on tobacco taxes and health co-hosted by the Beijing Tobacco Control Association, the China-Japan Friendship Hospital and the University of International Business and Economics, experts argued that raising tobacco...
Photo: VCG Under the pressure of a rapidly aging population and a rising chronic disease burden, China is facing a stubborn challenge in curbing smoking rates. At a recent media briefing on tobacco taxes and health co-hosted by the Beijing Tobacco Control Association, the China-Japan Friendship Hospital and the University of International Business and Economics, experts argued that raising tobacco taxes is one of the most effective single measures to advance tobacco control.
Bitcoin' s (CRYPTO: BTC) price currently sits 49% below its all-time high reached last October, as of June 8. It's an unusual fall because the S&P 500 index, which has had a strong year thus far, is near its record high. The market clearly isn't rewarding all risk assets equally, as the top cryptocurrency continues to get punished. The bears are winning the debate right now. But I believe the bull...
Bitcoin' s (CRYPTO: BTC) price currently sits 49% below its all-time high reached last October, as of June 8. It's an unusual fall because the S&P 500 index, which has had a strong year thus far, is near its record high. The market clearly isn't rewarding all risk assets equally, as the top cryptocurrency continues to get punished. The bears are winning the debate right now. But I believe the bulls will have the last laugh. I predict that Bitcoin will rise by 290% from $64,000 today to hit $250,000 before the next halving event , which is expected to take place in April 2028. Here are three reasons why. Continue reading
Nicolae Popescu/iStock via Getty Images Investment Thesis Intuitive Machines ( LUNR ) is a business that I'm bullish on. This is a classic Inflection opportunity that makes up my portfolio. I love this type of setup. Intuitive Machine is scaling at a very rapid pace. However, its overwhelming issue is that the business is not free cash flow positive today. Hence, it requires raising capital from t...
Nicolae Popescu/iStock via Getty Images Investment Thesis Intuitive Machines ( LUNR ) is a business that I'm bullish on. This is a classic Inflection opportunity that makes up my portfolio. I love this type of setup. Intuitive Machine is scaling at a very rapid pace. However, its overwhelming issue is that the business is not free cash flow positive today. Hence, it requires raising capital from time to time to shore up its balance sheet, which leaves the stock very exposed to dramatic sell-offs when investors turn fearful in markets, as we saw last week. So, why am I bullish on LUNR? Because, whenever I approach an investment opportunity, I think about the risk-reward profile of the business. Oftentimes, the risk facing the business is a narrative issue. Investors are too focused on this week and not giving enough consideration to next year. But I can assure you that narratives change. In fact, by this time next year, Intuitive Machines has a credible path to becoming a self-sustaining business. And so, the premium on its stock will go from where its narrative is today to where it will be next year, as investors start to view it as a 'moon-economy' high-growth, self-sustaining business. That change in the company's narrative will cause its share price to inflect higher. Hence, I'm bullish. Investor Sentiment I've been in and out of LUNR several times in the past couple of years. Each time I successfully booked profits. That being said, in my previous free article posted on SA, I had already sold out of my position. Today, I'm bullish on LUNR as I recognise that the business is growing at a very rapid rate. But it has two issues with its bull case. Firstly, and most critically, the business still operates as a free cash flow negative business. Secondly, LUNR is incredibly acquisitive; hence, it's difficult to get a clear sense of its potential organic growth rates. This second aspect doesn't trouble me all that much, as I understand that Intuitive Machine is determi...
Tencent Holdings Ltd. began marketing dollar and yuan bonds in an offering that could raise as much as $4.5 billion, people familiar with the matter said, an upward shift from initial thinking following discussions with investors. The Chinese technology and mobile gaming giant set initial price guidance for the proposed 10-year and 20-year dollar bonds at around 80 and 90 basis points above US Tre...
Tencent Holdings Ltd. began marketing dollar and yuan bonds in an offering that could raise as much as $4.5 billion, people familiar with the matter said, an upward shift from initial thinking following discussions with investors. The Chinese technology and mobile gaming giant set initial price guidance for the proposed 10-year and 20-year dollar bonds at around 80 and 90 basis points above US Treasuries, respectively, according to a person familiar with the matter. It’s also seeking to sell 10-year and 30-year offshore yuan-denominated notes around 2.95% and 3.55%, the person said. Tencent’s proposed dollar tranches drew orders exceeding $3 billion by mid-morning Tuesday, while its offshore yuan portions attracted more than 20.5 billion yuan ($3 billion), the person said. The debt securities could be priced as early as Tuesday. The offering comes after Beijing’s recent decision to allow some top insurers to buy dim sum bonds via an expanded southbound investment program, stoking domestic appetite for yuan-denominated notes issued outside the mainland. The firm has secured regulatory approval to issue as much as $4.5 billion in offshore debt, though it doesn’t need to use the full amount and the final size of the offering could change, the people added. Proceeds from the offering would be mainly for refinancing and general corporate purposes, such as developing AI products and services, the people said. Tencent didn’t immediately respond to a request for comment. Tencent Jumps After Report It’s Set to Launch WeChat AI Agent Tencent’s Revenue Miss Heightens Pressure for Faster AI Payoff Alibaba, Tencent Investors Look Past Slow Growth to AI Potential Top Chinese Insurers Start Buying Dim Sum Notes Via Bond Connect If successfully priced, the deal would be Tencent’s first dollar bond issuance since 2021, and its second-ever dim sum bond sale, following its debut offering last year. It could also be the company’s largest bond sale since its $6 billion offering in 2020....