Ford (NYSE: F) investors are cheering for the company's 2025 performance. Shares produced a monster total return of 42% last year. That was well ahead of the return of the S&P 500 index. There is some momentum working to the benefit of investors. Is this auto stock a buy now? Image source: Getty Images. Continue reading
Ford (NYSE: F) investors are cheering for the company's 2025 performance. Shares produced a monster total return of 42% last year. That was well ahead of the return of the S&P 500 index. There is some momentum working to the benefit of investors. Is this auto stock a buy now? Image source: Getty Images. Continue reading
PM Images/DigitalVision via Getty Images Overview Unfortunately, I believe that the golden era of floating rate investments was in the past. As interest rates trend lower, the overall appeal of these floating rate funds continues to decline. When I previously covered Nuveen Floating Rate Income Fund ( JFR ), I issued a hold rating due to the inconsistent dividend coverage. Although there hasn't be...
PM Images/DigitalVision via Getty Images Overview Unfortunately, I believe that the golden era of floating rate investments was in the past. As interest rates trend lower, the overall appeal of these floating rate funds continues to decline. When I previously covered Nuveen Floating Rate Income Fund ( JFR ), I issued a hold rating due to the inconsistent dividend coverage. Although there hasn't been any new reporting released, I wanted to revisit the fund to discuss the potential outlook now that interest rates have declined. I believe that there can be several outcomes, but it ultimately depends on management's ability to navigate these shifts. Looking at the performance over the last twelve months, we can see that JFR's share price has declined by nearly 6.8%. The fund has struggled to regain positive momentum in recent months. When including all distributions that were paid out to shareholders, the total return jumps up to about 5.5% over the same time frame. JFR now offers investors a starting dividend yield of about 12.8% and issues payouts on a monthly basis. However, I remain cautious about the overall sustainability of distributions going forward. Data by YCharts While JFR continues to trade at a discount to NAV, I believe that the discount isn't quite appealing in the current market environment. In fact, I believe that the discount should be a bit larger considering the pressure the higher interest rates are putting on debt securities. While the market anticipates that interest rates will likely decline over the course of 2026, we don't know the size of these rate adjustments. If the Fed continues to initiate smaller 25 basis point cuts, this may not be enough to relieve some pressure within the portfolio. Fund Strategy According to the latest portfolio overview , JFR has total managed assets of $2.19B that is spread across 431 different holdings. JFR has a listed gross expense ratio of 2.83%, but this is a bit misleading because it includes fees related to...
Sally Anscombe/DigitalVision via Getty Images Introduction Last time I covered Chewy ( CHWY ), I highlighted their high level of customer loyalty and significant expansion potential, although I rated them a Hold since they had more to prove while trading above what I considered a fair value. The company is advancing well towards their plans, while the stock fell as a result of the market ignoring ...
Sally Anscombe/DigitalVision via Getty Images Introduction Last time I covered Chewy ( CHWY ), I highlighted their high level of customer loyalty and significant expansion potential, although I rated them a Hold since they had more to prove while trading above what I considered a fair value. The company is advancing well towards their plans, while the stock fell as a result of the market ignoring their earnings beat due to a softer Q4 guidance, but even though I believe the risk-reward has turned slightly in favor of the investment now, I don’t believe this is worth upgrading just yet. Internal Developments Chewy IR Despite beating the market’s estimates , Chewy didn’t do that well on the day of their Q3 release, with the stock falling by ~6% following a soft guidance. However, we see a solid improvement in free cash flow, which helped bring their LTM level above FY24, with potential for much more in Q4 as they expect to convert approximately 80% of adjusted EBITDA to free cash flow. Chewy IR Still, it’s important to note that their customer base kept growing, with a 5% increase in active customers during the quarter while their Autoship sales increased 90 basis points to 83.9%, while several other key metrics such as the adjusted operating income, adjusted EBITDA margin and net margin increased significantly. Chewy IR Regarding the guidance, the market was disappointed when it came to their Q4 expectations, with net sales of $3.24 billion to $3.26 billion and adjusted diluted EPS of $0.24 to $0.27, while the year’s adjusted EBITDA margin would reach between 5.6% and 5.7%, saying that they are still firmly on track towards reaching their long-term target of 10% adjusted EBITDA margin. Assuming roughly $12.6 billion in net sales in 2025 with a 5.7% adjusted EBITDA margin, that means they expect adjusted EBITDA of about $718.2 million, and for an 80% FCF conversion rate, that means about $574.56 million in 2025, which is certainly not bad compared to the $452 million ...
Match at Stamford Bridge kicks off at 12.30pm (GMT) Share your thoughts with Emillia via email These two sides last met in November, where they fought out a 1-1 draw in a game that was overshadowed by some controversial decisions. Arsenal had two disallowed goals - the first of which was deemed a handball by the referee, although replays showed that it did not touch the arm of Stina Blackstenius b...
Match at Stamford Bridge kicks off at 12.30pm (GMT) Share your thoughts with Emillia via email These two sides last met in November, where they fought out a 1-1 draw in a game that was overshadowed by some controversial decisions. Arsenal had two disallowed goals - the first of which was deemed a handball by the referee, although replays showed that it did not touch the arm of Stina Blackstenius before she put the ball in the net. The Gunners also had a goal ruled out for a very tight offside call on Frida Maanum in the last minute. On the other hand, they avoided going down to 10 players after Victoria Pelova’s high challenge on Keira Walsh was only deemed a yellow card offence. Alyssa Thompson broke the deadlock for Chelsea in the first half with a stunning strike from the edge of the box. Arsenal battled hard to draw level and Alessia Russo netted the equaliser in the late stages. Continue reading...
Fidelity Total Bond ETF (NYSEMKT:FBND) delivers a higher yield and broader sector exposure than iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) , but trades at a higher annual cost and has shown greater historical risk. Continue reading
Fidelity Total Bond ETF (NYSEMKT:FBND) delivers a higher yield and broader sector exposure than iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI) , but trades at a higher annual cost and has shown greater historical risk. Continue reading
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . franckreporter/iStock via Getty Images Seeking Alpha News Quiz Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Wall Street cl...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . franckreporter/iStock via Getty Images Seeking Alpha News Quiz Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Wall Street closed the trading week lower, though equities rebounded from intra-week lows following a volatile stretch marked by heightened geopolitical uncertainty. Markets digested a steady stream of earnings reports, while safe-haven demand continued to support precious metals. Geopolitical developments took center stage after President Donald Trump reiterated his interest in Greenland during remarks at the World Economic Forum in Davos, Switzerland. Trump said he intends to begin negotiations “immediately” to pursue control of the territory, adding to broader global uncertainty that weighed on investor sentiment. Meanwhile, gold extended its rally, moving closer to the $5,000-an-ounce level as investors sought refuge amid rising geopolitical tensions and renewed concerns over the Federal Reserve’s independence. The precious metal gained 8.5% over the week. On the earnings front, results continued to drive sharp stock-specific moves. Shares of Intel ( INTC ) plunged just over 17% on Friday following the company’s latest earnings release , contributing to the week’s heightened market volatility. For the week, the S&P ( SP500 ) lost -0.4% , while the tech-heavy Nasdaq Composite ( COMP:IND ) dipped -0.1% , and the blue-chip Dow ( DJI ) fell -0.5% . Read a preview of next week's major events in Seeking Alpha's Catalyst Watch. Seeking Alpha's Calls Of The Week Salesforce's ( CRM ) Selloff Is Overdone - A Contrarian Buy Opportunity . Kura Oncology ( KURA ): Safety Profile Of Komzifti Supports Upgrade . Nebius ( NBIS ) Is A Buy - I Was Wrong About AI Infrastructure Demand . Celestica ( CLS )...