Sergio Delle Vedove Nike is due to report fiscal third-quarter results after the close on March 31, with Wall Street analysts expecting revenue of $11.2B and EPS of $0.28, down from last year's mark of $0.54. Key themes investors will be focused on include the update from Nike ( NKE ) on current demand trends, especially in China, and the outlook for margins amid new headwinds. In addition, manage...
Sergio Delle Vedove Nike is due to report fiscal third-quarter results after the close on March 31, with Wall Street analysts expecting revenue of $11.2B and EPS of $0.28, down from last year's mark of $0.54. Key themes investors will be focused on include the update from Nike ( NKE ) on current demand trends, especially in China, and the outlook for margins amid new headwinds. In addition, management commentary on product innovation, inventory discipline, and collaborations will tip sentiment. The impact of the World Cup being hosted in the U.S. this summer could also be a catalyst. Oppenheimer analyst Brian Nagel said the firm is hard-pressed to envision an “all clear” report for Nike ( NKE ), but expects that behind the noise of ongoing internal and external challenges, the report and management commentary should highlight continued, forward progress in successful strategic repositioning efforts at the company. "Per our analysis, now historical trough-ish multiples for NKE meaningfully underappreciate intermediate- to longer-term recovery prospects for the enterprise and discount well for further turnaround-related hindrances, nearer term," wrote Nagel. Outperform-rated Nike ( NKE ) is one of the firm's top picks within the consumer growth and e-commerce coverage. BTIG analyst Robert Drbul expects Nike ( NKE ) to show incremental underlying progress, particularly in North America. "In our view, management is making harder, faster decisions to reset the business, while the innovation engine is beginning to reassert itself," previewed Drbul. The firm believes investors may be underappreciating the degree to which Nike ( NKE ) is making the tough calls necessary to improve the trajectory of its business, particularly after recent actions such as corporate role reductions at Converse, distribution/automation-related changes in Memphis, and leadership appointments showing that Nike is prioritizing speed, accountability, and efficiency, which should all aid margin reco...
ArtMarie/E+ via Getty Images Overview When I previously covered the PIMCO Dynamic Income Strategy Fund ( PDX ), I issued a buy rating due to the attractive valuation at the time. The fund also had a strong history of producing solid returns, and I expected the fund to provide a supplemental distribution at year-end. Since my last coverage, the fund did pay out its largest special dividend to date,...
ArtMarie/E+ via Getty Images Overview When I previously covered the PIMCO Dynamic Income Strategy Fund ( PDX ), I issued a buy rating due to the attractive valuation at the time. The fund also had a strong history of producing solid returns, and I expected the fund to provide a supplemental distribution at year-end. Since my last coverage, the fund did pay out its largest special dividend to date, and despite the share price declining by more than 10%, the inclusion of distributions helped PDX offset the poor performance of the market indices. Since my last coverage, the fund has released updated reporting, and the macro environment looks a lot riskier than it did a few quarters ago. Therefore, I wanted to provide some updated thoughts on the fund's outlook for 2026. When I previously covered the fund, PDX traded at a discount to NAV of 8%. Following the decline in share price, PDX now trades at a discount to NAV of 10.13%. This new valuation is more attractive than the time of my last coverage, but less attractive than the fund's average discount to NAV of 12.57% over the last five years. However, I anticipate that PDX will eventually trade at a premium to NAV valuation once market conditions improve and investors fully recognize the fund's strength and long-term potential. CEF Data The latest annual report indicates some weakness in the fund's ability to provide attractive net realized gains, but I think this was just a reflection of the market, rather than challenges within its portfolio. Looking forward, a lot of the potential of the fund is locked behind the requirement of lower interest rates. Assuming that interest rates continue to trend lower over the next twelve months, this can serve as a strong growth catalyst, as well as position the fund to capture the rising power demand. However, a scenario where interest rate cuts are delayed can continue to impede NAV growth. So let's start by taking a look at the fund's updated structure. Fund Strategy & Outlook A...
The energy crisis caused by the Iran war could push food prices up by as much as 50 per cent in Malaysia, trade associations have warned, as soaring fuel costs threaten to wipe out already narrow margins for roadside stalls and restaurants feeding the country’s outsize appetite for eating out. Malaysia’s government coffers have already taken a hit due to fallout from the conflict, with local fuel ...
The energy crisis caused by the Iran war could push food prices up by as much as 50 per cent in Malaysia, trade associations have warned, as soaring fuel costs threaten to wipe out already narrow margins for roadside stalls and restaurants feeding the country’s outsize appetite for eating out. Malaysia’s government coffers have already taken a hit due to fallout from the conflict, with local fuel subsidy costs estimated to spike by more than fourfold to about 3.2 billion ringgit (US$795 million)...
RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Flagstar Bank, National Association ( FLG ), formerly known as New York Community Bancorp, is a large regional bank with 340 locations throughout the United States. The current composition of the bank was largely influenced by the 2023 acquisition of the failed Signature Bank . Following the acquisition of Signature Bank, Flagst...
RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Flagstar Bank, National Association ( FLG ), formerly known as New York Community Bancorp, is a large regional bank with 340 locations throughout the United States. The current composition of the bank was largely influenced by the 2023 acquisition of the failed Signature Bank . Following the acquisition of Signature Bank, Flagstar began experiencing loan performance issues, which led to share price volatility. Today, while things do not appear to be getting worse, there is one thing holding me back from investing in the bank. Flagstar Bank Earnings As interest rates rose throughout 2022 and 2023, Flagstar Bank’s asset yields also rose. The asset yields have eased back with the Federal Reserve’s interest rate cuts, but not by as much as short-term rates. Asset yields declined by 9 basis points in the fourth quarter to 4.85% and are 26 basis points lower than at the end of 2024. The easing of interest rates by the Federal Reserve has really helped the bank’s borrowing yield. In the fourth quarter alone, the borrowing yield declined by 39 basis points to 3.42%. The bank’s borrowing yield has fallen by 85 basis points in the past year. The greater decline in borrowing yield versus asset yield has allowed the bank’s net interest spread to grow for five consecutive quarters. After a few challenging quarters of margin suppression, net interest spread increased by 30 basis points in the fourth quarter alone to 1.43%. Net interest margin, which incorporates the weight of leverage into the calculation, increased by 23 basis points to 2.14%. Company Financials Company Financials When it comes to interest income and expense, Flagstar Bank is seeing greater declines than the typical bank. Interest income declined by $43 million in the fourth quarter to just under $1.06 billion. What’s interesting is that the fourth quarter level of interest income is nearly $500 million lower than levels seen in the first half...
Nuthawut Somsuk/iStock Editorial via Getty Images By Mike Larson It’s time for a damage assessment in markets. A battlefield analysis of major asset classes to see which ones the war is hurting the most - and what that might say about the future. This week’s MoneyShow Chart of the Day shows how far various tracking funds have fallen from their 2026 highs. Bonds are down but not out - with the iSha...
Nuthawut Somsuk/iStock Editorial via Getty Images By Mike Larson It’s time for a damage assessment in markets. A battlefield analysis of major asset classes to see which ones the war is hurting the most - and what that might say about the future. This week’s MoneyShow Chart of the Day shows how far various tracking funds have fallen from their 2026 highs. Bonds are down but not out - with the iShares 20+ Year Treasury Bond ETF ( TLT ) off 4.8% through late last week. But cryptocurrencies are spiraling, with the iShares Bitcoin Trust ETF ( IBIT ) plunging 29.9%. Gold isn’t doing much better than Bitcoin, flirting with the standard bear market definition of down 20%. Damage Assessment: Bonds Not so Bad, Bitcoin and Bullion Blasted (Data by YCharts) In equities, we haven’t hit the 10% “correction” threshold. But we’re not far from it. The Invesco QQQ Trust ( QQQ ) was off 9.2% recently, with the State Street SPDR S&P 500 ETF Trust ( SPY ) only modestly stronger at -6.9%. Small caps and industrials are roughly in between at -8.1%. What’s the message here? Nothing is truly safe in this conflict-driven market except for oil and energy stocks - and even there, the volatility is off the charts. So-called “safe haven” assets like Treasuries are losing ground, even if they’re outperforming stocks. Gold isn’t getting the job done, for reasons I shared last week . And crypto is continuing a bleeding process that began all the way back in October - though some MoneyShow experts believe Bitcoin is basing here . Bottom line? If you want real safety, you have to stay in cash. And if you’re an active trader, you want to keep position sizes smaller and avoid shooting for the fences - until the conflict ebbs. Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. Originally published on MoneyShow.com
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has a very simple strategy. It tracks an index that aims to hold the top 100 high-yielding dividend stocks. That index reshuffles its holdings once a year to ensure it contains only the best of the best. The fund recently completed its annual reconstitution. One of the more notable changes was an increase in its allocation to high-yielding divide...
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has a very simple strategy. It tracks an index that aims to hold the top 100 high-yielding dividend stocks. That index reshuffles its holdings once a year to ensure it contains only the best of the best. The fund recently completed its annual reconstitution. One of the more notable changes was an increase in its allocation to high-yielding dividend stocks in the healthcare sector. Here's a closer look at some of the fund's recent changes. Image source: Getty Images. Continue reading
US Office-To-Apartment Conversions Hit New Record: Report Authored by Mary Prenon via The Epoch Times, This year is another record year for the conversion of office buildings into residential apartments in the United States, according to a recent RentCafe report. At the beginning of 2026, 90,300 apartments were in the process of conversion across America—a 28 percent increase from 70,600 last year...
US Office-To-Apartment Conversions Hit New Record: Report Authored by Mary Prenon via The Epoch Times, This year is another record year for the conversion of office buildings into residential apartments in the United States, according to a recent RentCafe report. At the beginning of 2026, 90,300 apartments were in the process of conversion across America—a 28 percent increase from 70,600 last year, according to the March 24 report. At 47 percent, office conversions now comprise almost half of all adaptive reuse projects nationwide, with the New York metro area leading the way with 16,358 conversions in the pipeline. Washington, D.C., placed second with 8,479 conversions and Chicago third, with 4,360. “The imbalance in the office sector didn’t emerge overnight,” Yardi research director Peter Kolaczynski said in the report. “COVID-19 is to the office market what eCommerce was to retail. As a result, there is simply too much office space in the market right now.” Yardi Matrix is a sister company to RentCafe and provides market research and data for the residential and commercial real estate markets. Office-to-apartment conversions have expanded rapidly since 2022, when just 23,100 units nationwide were created from former commercial buildings. That number nearly doubled to 45,200 conversions in 2024, and rose to 55,300 in 2024. In early 2025, the report indicated 70,700 conversions were on tap, as the national office vacancy rate was close to 20 percent. Meanwhile, physical occupancy in many buildings remained between only 50 percent and 55 percent, leaving millions of square feet underused. Doug Ressler, senior analyst with Yardi Matrix, noted that financial pressure and government-backed incentives are also escalating conversions this year. Nearly one-third of U.S. office loans are set to mature in 2027, and many owners are facing pressure to take action on any underperforming properties. “A massive amount of office building loans—over $213 billion—are coming due by ...
akinbostanci/E+ via Getty Images Investment Thesis This turbulent market is creating chaos and negatively impacting the stocks of companies previously at the top of the market-cap growth charts. In spite of all the turmoil caused by geopolitical instability and the ongoing conflict in the Middle East, Micron Technology ( MU ) possesses a unique competitive advantage. With many companies competing ...
akinbostanci/E+ via Getty Images Investment Thesis This turbulent market is creating chaos and negatively impacting the stocks of companies previously at the top of the market-cap growth charts. In spite of all the turmoil caused by geopolitical instability and the ongoing conflict in the Middle East, Micron Technology ( MU ) possesses a unique competitive advantage. With many companies competing for a larger slice of the AI segment’s pie, MU (with two serious competitors) may end up being the only player in the U.S. tech sector. While I do not wish to paint a doomsday scenario, I do believe there is a risk that the world will increasingly move toward deglobalization, intensifying trade and economic conflicts between regions. Such conflicts could make access to many technologies extremely limited, and perhaps even impossible. MU's management's decision to build its main production facilities closer to U.S. tech development hubs is precisely the "moat" that could protect the entire AI industry from potential future problems. But for Micron's positive outlook to be credible, this article needs to examine specific factors that have been putting bearish weight on the company's stock in recent weeks. MU's market value is not increasing, reflecting investor concerns on a range of issues, including the potential oversupply of memory chips in the market and the likely shift in the Fed's monetary policy toward raising interest rates. Previous Theses The thesis underlying my previous research on MU was a bet on Micron’s investment attraction as an asset that holds a competitive advantage in the AI industry and is currently trading at a discount relative to key multiples. Management's focus on a large-scale expansion of production capacity would allow the company to achieve its goal of increasing its share of the U.S. memory market to 40%. To my understanding, despite their large budgets, MU’s current CapEx expenditures are economically sound, because domestic chip production ...
akinbostanci/E+ via Getty Images Investment Thesis This turbulent market is creating chaos and negatively impacting the stocks of companies previously at the top of the market-cap growth charts. In spite of all the turmoil caused by geopolitical instability and the ongoing conflict in the Middle East, Micron Technology ( MU ) possesses a unique competitive advantage. With many companies competing ...
akinbostanci/E+ via Getty Images Investment Thesis This turbulent market is creating chaos and negatively impacting the stocks of companies previously at the top of the market-cap growth charts. In spite of all the turmoil caused by geopolitical instability and the ongoing conflict in the Middle East, Micron Technology ( MU ) possesses a unique competitive advantage. With many companies competing for a larger slice of the AI segment’s pie, MU (with two serious competitors) may end up being the only player in the U.S. tech sector. While I do not wish to paint a doomsday scenario, I do believe there is a risk that the world will increasingly move toward deglobalization, intensifying trade and economic conflicts between regions. Such conflicts could make access to many technologies extremely limited, and perhaps even impossible. MU's management's decision to build its main production facilities closer to U.S. tech development hubs is precisely the "moat" that could protect the entire AI industry from potential future problems. But for Micron's positive outlook to be credible, this article needs to examine specific factors that have been putting bearish weight on the company's stock in recent weeks. MU's market value is not increasing, reflecting investor concerns on a range of issues, including the potential oversupply of memory chips in the market and the likely shift in the Fed's monetary policy toward raising interest rates. Previous Theses The thesis underlying my previous research on MU was a bet on Micron’s investment attraction as an asset that holds a competitive advantage in the AI industry and is currently trading at a discount relative to key multiples. Management's focus on a large-scale expansion of production capacity would allow the company to achieve its goal of increasing its share of the U.S. memory market to 40%. To my understanding, despite their large budgets, MU’s current CapEx expenditures are economically sound, because domestic chip production ...
(RTTNews) - The UK stock market's equity benchmark FTSE 100 moved higher on Monday, outperforming other markets, even as the mood remained a bit cautious amid concerns about the potential economic impact of the ongoing U.S.-Israeli war on Iran.
(RTTNews) - The UK stock market's equity benchmark FTSE 100 moved higher on Monday, outperforming other markets, even as the mood remained a bit cautious amid concerns about the potential economic impact of the ongoing U.S.-Israeli war on Iran.