gradyreese/iStock via Getty Images The Calamos Dynamic Convertible and Income Fund ( CCD ) is a closed-end fund designed to provide investors with income through exposure to convertible and corporate bonds, diversified across multiple sectors through strategic asset allocation. The strategy has the ability to provide investors with equity-like exposure as part of their fixed income allocation, pot...
gradyreese/iStock via Getty Images The Calamos Dynamic Convertible and Income Fund ( CCD ) is a closed-end fund designed to provide investors with income through exposure to convertible and corporate bonds, diversified across multiple sectors through strategic asset allocation. The strategy has the ability to provide investors with equity-like exposure as part of their fixed income allocation, potentially geared towards risk-taking investors seeking differentiated returns. With global supply chains being disrupted by the Iranian war, the equity markets have faced significant pressure, resulting in negative pricing action for CCD. Despite the near-term headwinds, I believe investors may opportunistically build a position in CCD with the expectation of a market turnaround as events in the Middle East are resolved; I am recommending CCD with a Buy rating. Before purchasing shares, investors should consider the risks involved in holding CCD, as the strategy’s performance may be significantly influenced by further equity price decline. Investment Thesis for CCD Fundamentally, convertibles will inherently trade similarly to the equity markets given the underlying structure of the bonds. Convertible bonds are generally linked to the value of the underlying shares based on the conversion rate, or the rate at which the bond will convert into shares at the time of maturity. As a result of this, these bond issuances may generally trade similarly to the equity markets, presenting investors with differentiated performance with respect to investment-grade and plain vanilla issuances. While this can be an appealing feature during periods of positive pricing action in the equity markets, the bonds may face similar directional change when the equity markets sell off, as exhibited in the total return chart below. Comparing 6-month performance, CCD has far outpaced the S&P 500 ( SPX ), though it has recently experienced a similar sell-off in recent weeks, likely the result of the glob...
Israel’s Parliament on Monday passed a law approving the death penalty on Palestinians convicted of murdering Israelis. The bill’s passage marked a major victory for Israel’s far-right, which has pushed hard for the measure. Prime Minister Benjamin Netanyahu came to the chamber to vote yes in person. The law makes the death penalty – by hanging – the default punishment for West Bank Palestinians c...
Israel’s Parliament on Monday passed a law approving the death penalty on Palestinians convicted of murdering Israelis. The bill’s passage marked a major victory for Israel’s far-right, which has pushed hard for the measure. Prime Minister Benjamin Netanyahu came to the chamber to vote yes in person. The law makes the death penalty – by hanging – the default punishment for West Bank Palestinians convicted for nationalistic killings. The law also gives Israeli courts the authority to impose...
Meta Platforms ( META ) has begun testing a premium subscription on its Instagram app that would give users exclusive features, TechCrunch reported. The subscription, known as Instagram Plus, would offer users the ability to view an Instagram Story without letting the poster know it has been used. The offering would also let subscribers see how many times a person has viewed their Story, the news ...
Meta Platforms ( META ) has begun testing a premium subscription on its Instagram app that would give users exclusive features, TechCrunch reported. The subscription, known as Instagram Plus, would offer users the ability to view an Instagram Story without letting the poster know it has been used. The offering would also let subscribers see how many times a person has viewed their Story, the news outlet added . Meta confirmed the testing to the news outlet. Another feature of the subscription would be letting users create unlimited audience lists for Stories, while another feature lets Stories be viewed beyond the current limit of 24 hours. The news outlet added that the feature is being tested in Mexico, Japan, and the Philippines, with pricing varying by country. Instagram has approximately 3B monthly active users and may account for approximately 40% of Meta's total revenue, according to Business of Apps . Meta did not immediately respond to a request for comment from Seeking Alpha. More on Meta Meta: Why I'm Waiting For $450 Meta: A Deeper Look At Its Capex Burdens Meta: I'm More Than Willing To Catch The Falling Knife Now Meta’s technical breakdown worsens amid ongoing selloff Meta’s court losses spell potential trouble for AI research, consumer safety: report
Tesla Inc. (TSLA) has been one of the market’s most volatile and closely watched names over the past year. Incorporated in July 2003, the American multinational automotive company headquartered in Austin, Texas, has delivered strong long-term gains. What has helped it? It’s optimism around ...
Tesla Inc. (TSLA) has been one of the market’s most volatile and closely watched names over the past year. Incorporated in July 2003, the American multinational automotive company headquartered in Austin, Texas, has delivered strong long-term gains. What has helped it? It’s optimism around ...
Top executives at several major public companies sold sizable chunks of their holdings last week, including Nvidia , Five Below and Dell Technologies . Insider selling can happen for a range of reasons, including diversification or accessing liquidity. The activity is often interpreted by investors as a potential bearish signal, and can influence other shareholders to also sell their holdings. CNB...
Top executives at several major public companies sold sizable chunks of their holdings last week, including Nvidia , Five Below and Dell Technologies . Insider selling can happen for a range of reasons, including diversification or accessing liquidity. The activity is often interpreted by investors as a potential bearish signal, and can influence other shareholders to also sell their holdings. CNBC Pro analyzed recent insider transactions, using financial research platform VerityData, focusing on discretionary sales disclosed through Securities and Exchange Commission filings. The dataset includes transaction dates, share prices and total shares sold, and excludes trades executed under prearranged 10b5-1 plans . Here are some of the most notable sales from last week. The percentage change for each stock is based on the specific date of transaction. ConocoPhillips ConocoPhillips EO Ryan Lance sold 506,800 shares at an average price of $127.26 for a total of $64.5 million. Shares were up 34% over the prior three months. Nvidia Director Mark Stevens sold 221,700 shares at an average price of $173.68 for a total of $38.5 million. Shares were up 1% over the prior three months. GitLab GitLab director Matthew Jacobson sold 1,159,900 shares at an average price of $22.72 for a total of $26.4 million. Shares were down 41% over the prior three months. Dell Technologies Chief Customer Officer William Scannell sold 143,100 shares at an average price of $165.00 for a total of $23.6 million. Verity notes cluster selling in which three insiders sold a total of $369 million over the prior 30 days. Shares were up 34% over the prior three months. Five Below Director Ronald Sargent sold 20,000 shares at an average price of $231.51 for a total of $4.6 million. Shares were up 27% over the prior three months. Ross Stores Ross Stores President Karen Sykes sold 5,500 shares at an average price of $213.40 for a total of $1.2 million. Verity noting cluster selling in which four insiders sold ...
US oil prices ended the session above $100 a barrel for the first time since the US and Israel launched a war against Iran. West Texas Intermediate futures rose more than 3% to settle at $102.88 a barrel, the highest since July 2022, while international benchmark Brent is on track for a record percentage gain in March. The $100 price is a key psychological level watched by traders and other market...
US oil prices ended the session above $100 a barrel for the first time since the US and Israel launched a war against Iran. West Texas Intermediate futures rose more than 3% to settle at $102.88 a barrel, the highest since July 2022, while international benchmark Brent is on track for a record percentage gain in March. The $100 price is a key psychological level watched by traders and other market participants. Oil prices have surged as the war between the US, Israel and Iran upended global markets and triggered concern about a simultaneous spike in inflation and slowdown in growth. The conflict has entered its fifth week and is showing no sign of abating despite a diplomatic push by Washington last week, with shipments through the critical Strait of Hormuz still near a complete halt.
The S&P 500 ( SP500 ) is heading toward its worst monthly decline since September 2022, underscoring a renewed bout of volatility in U.S. equities. As of late March, the benchmark index has fallen approximately 7.7% for the month, leaving it at its lowest level in more than seven months, a threshold not seen since August 20, 2025. Recent losses place the current pullback among other sharp downturn...
The S&P 500 ( SP500 ) is heading toward its worst monthly decline since September 2022, underscoring a renewed bout of volatility in U.S. equities. As of late March, the benchmark index has fallen approximately 7.7% for the month, leaving it at its lowest level in more than seven months, a threshold not seen since August 20, 2025. Recent losses place the current pullback among other sharp downturns tied to major macro shocks in recent years, including the 2022 Russia-Ukraine conflict and aggressive Federal Reserve tightening cycle, the pandemic-driven collapse in 2020, and the late-2018 selloff sparked by a hawkish policy shift. Furthermore, the weakness has been broad-based . See below the top 15 worst S&P 500 performing stocks so far this year: Applovin ( APP ), -44.71% YTD Robinhood ( HOOD ), -42.90% YTD Trade Desk ( TTD ), -42.04% YTD Workday ( WDAY ), -40.18% YTD CoStar Group ( CSGP ), -39.34% YTD Fair Isaac ( FICO ), -38.21% YTD Gartner ( IT ), -36.88% YTD DoorDash ( DASH ), -35.47% YTD Estée Lauder ( EL ), -35.40% YTD Intuit ( INTU ), -35.27% YTD S&P 500 ETFs: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). More on markets Selling pressure intensifies as now nearly 300 of the S&P 500 names trade lower in 2026 Recession odds in 2026 jump to nearly 40% on prediction markets Apollo warns that the US10Y is mispriced by more than 50 bps as term premium surges 20 dividend stocks to watch as the Middle East conflict continues to shake markets Citi holds firm on S&P 500 target despite Iran tensions and the current market pullback
Kevin Dietsch/Getty Images News Investment Thesis Tesla, Inc. ( TSLA ) will soon release its Q1 2026 production and deliveries, and I expect the company to beat analyst estimates due to one key reason that I discuss in this article. However, for the same reason, I expect the company's profit margins to miss analyst estimates in Q1 2026 and remain depressed in the coming periods. Previous Coverage ...
Kevin Dietsch/Getty Images News Investment Thesis Tesla, Inc. ( TSLA ) will soon release its Q1 2026 production and deliveries, and I expect the company to beat analyst estimates due to one key reason that I discuss in this article. However, for the same reason, I expect the company's profit margins to miss analyst estimates in Q1 2026 and remain depressed in the coming periods. Previous Coverage I most recently covered the company in my article Tesla: Challenging 2026 Ahead , in which I discussed Tesla's intensifying global competition, weakening demand, and persistent delays in autonomy and robotics, and assigned a Strong Sell rating. Tesla has declined by 20 percent since my article. Q1 2026 Forecast I expect Tesla to deliver more than 370,000 vehicles in Q1 2026, somewhat above the analyst consensus of 365,645 . The following table shared by Tesla shows the average, median, and standard deviation of 23 analyst estimates: Tesla Investor Relations The standard deviation of 25,941 indicates that analyst estimates have a wide range. In a normal distribution, approximately 68% of the data falls within one standard deviation, meaning 16 estimates likely were between 337,000 and 389,000, and seven estimates were outside of that range. This is a surprisingly wide range of estimates for a mega-cap company followed around the world by dozens, if not hundreds, of professional analysts as well as countless retail investors. This is important because, if the current quarter's estimates show such high uncertainty, the estimates for future periods may not be reliable. I believe that the following topic helped Tesla's deliveries but will materially and adversely impact Tesla's profitability in Q1 2026 ( figures expected April 22nd ) and future periods. 0% APR and Subprime Financing Ever since interest rates surged in 2022, Tesla has had to increasingly rely on price cuts and subvented (subsidized) interest rate financing to keep demand from falling sharply, but this comes at a ...
The US Department of Labor headquarters building is seen at dusk on June 21, 2024 in Washington, DC. J. David Ake | Getty Images News | Getty Images A rule that aimed to raise investment-advice protections for retirement savers has died in court — now, effectively, for the second time . Some legal experts said the outcome could lead unwary retirement investors to receive investment advice that's n...
The US Department of Labor headquarters building is seen at dusk on June 21, 2024 in Washington, DC. J. David Ake | Getty Images News | Getty Images A rule that aimed to raise investment-advice protections for retirement savers has died in court — now, effectively, for the second time . Some legal experts said the outcome could lead unwary retirement investors to receive investment advice that's not in their best interests, and cause confusion about the legal obligations that brokers, insurance agents and other financial intermediaries owe to retail investors. The undoing of the so-called "fiduciary" rule, issued by the Biden-era Department of Labor , is a déjà vu of sorts, mirroring the outcome for a similar rule issued about a decade ago by the Obama administration, according to experts in retirement law. Read more CNBC personal finance coverage Retirement saver protection rule has died — for the second time More than 7 million student loan borrowers face deadline to leave SAVE plan Department of Labor proposes rules for including alternative assets in 401(k)s 31.5% of car buyers underwater on trade-ins; analyst says amount owed 'troubling' Why your tax refund may look different this year, and what's actually driving it Expecting to fight about money with your partner? You might be wrong: study Belle Burden's 'Strangers' highlights key financial red flags for women Average IRS tax refund is up 10.9%, latest filing data shows 1.4 million filers face tax refund delays amid IRS paper check phaseout Family caregivers now provide $1 trillion worth of care annually, AARP finds Higher gas prices from Iran war could offset Trump's bigger tax refunds Single women see homeownership as 'a wealth-building tool,' economist says Amid March Madness, NY Fed highlights sports betting toll on credit health Social Security benefits can top $100,000 a year for some couples Iran war may further 'chill' an already frozen job market, economist says CNBC's Financial Advisor 100: Best fin...
Bloomberg's Joel Weber puts Katie Greifeld, Scarlet Fu, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)
Bloomberg's Joel Weber puts Katie Greifeld, Scarlet Fu, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)