Looking at the universe of stocks we cover at Dividend Channel, on 4/20/26, Greenbrier Companies Inc (Symbol: GBX) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 5/11/26. As a percentage of GBX's recent stock price of $51.46, this dividend works out to
Looking at the universe of stocks we cover at Dividend Channel, on 4/20/26, Greenbrier Companies Inc (Symbol: GBX) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 5/11/26. As a percentage of GBX's recent stock price of $51.46, this dividend works out to
stocknshares/E+ via Getty Images Independent Bank ( INDB ) was initiated with an Overweight rating and $88.00 price target at Stephens. "For 2026-2027, we forecast operating EPS of $7.05 and $8.14, respectively, equaling a 1.54% ROA and 14.8% ROTCE for 2027," said analyst Matt Breese. "Our price target is based on a ~185% P/TBV multiple and 10.5x-11.0x 2027 EPS estimates, premium multiples to peer...
stocknshares/E+ via Getty Images Independent Bank ( INDB ) was initiated with an Overweight rating and $88.00 price target at Stephens. "For 2026-2027, we forecast operating EPS of $7.05 and $8.14, respectively, equaling a 1.54% ROA and 14.8% ROTCE for 2027," said analyst Matt Breese. "Our price target is based on a ~185% P/TBV multiple and 10.5x-11.0x 2027 EPS estimates, premium multiples to peers at ~9.5x 2027 EPS and ~160%-165% P/TBV," said Breese. "Further, we'd note that banks with similar ROTCE profiles as INDB of ~14.8% historically have traded at ~190%-195% P/TBV, and Independent's 10-year P/TBV multiple is ~210% P/TBV," added the research note. Stephens' rating aligns with the average sell-side analysts rating and SA's Quant Rating of Buy. Seeking Alpha authors grade the stock as Hold. The stock closed at $79.43 yesterday, 0.76% lower than its previous close. More on Independent Bank Independent Bank Corp. 2025 Q4 - Results - Earnings Call Presentation Independent Bank: A Strong Bounce-Back Quarter Independent Bank Corp. (INDB) Q4 2025 Earnings Call Transcript Independent Bank outlines 2026 profitability targets with 1.4% ROA and 15% ROTCE amid stable credit and C&I loan growth Seeking Alpha’s Quant Rating on Independent Bank
Allbirds ( BIRD ) cooled off in early Thursday trading after a monster 582% rally on Wednesday tied to the company's AI pivot. The excitement was kicked off when the San Francisco-based company said it had signed a definitive agreement with an unnamed institutional investor for $50M in financing to shift its business to AI infrastructure. "The rise of AI development and adoption has created unprec...
Allbirds ( BIRD ) cooled off in early Thursday trading after a monster 582% rally on Wednesday tied to the company's AI pivot. The excitement was kicked off when the San Francisco-based company said it had signed a definitive agreement with an unnamed institutional investor for $50M in financing to shift its business to AI infrastructure. "The rise of AI development and adoption has created unprecedented structural demand for specialized, high-performance compute that the market is struggling to meet," stated the former shoe seller. The market cap on Allbirds ( BIRD ) stands at just under $150M for a business that sold its IP for about $39M. Renaissance Macro Research is just one of the skeptics on the moonshot rally. "The company has no existing GPU [graphics processing unit] inventory, no data center footprint, no engineering talent on record, and no customer pipeline disclosed at the time of yesterday’s announcement," wrote analyst Jeff deGraaf. "What it has is a press release, a new name, and a single day’s worth of market enthusiasm. History has an opinion on that combination," he added. Shares of Allbirds ( BIRD ) were down 30% at 10:24 a.m. to $11.94 vs. the 52-week range of $2.15 to $24.31. Trading volume on BIRD is above normal activity. More on Allbirds Dot-com vibes? Allbirds rallies more than 300% after pivoting from trendy shoes to AI compute Allbirds jumps after securing $50M to expand into AI compute infrastructure Seeking Alpha’s Quant Rating on Allbirds Historical earnings data for Allbirds Financial information for Allbirds
Sign up now! Sign up now! Sign up now? Sign up now! While a church bell clanged intermittently and bits of tumbleweed blew across the pitch at the Emirates Stadium, the Allianz Arena hosted a ding-dong battle that pretty much had it all on Wednesday night. For the second evening in eight days, it was left to Bayern Munich and Real Madrid to pull out all the stops and provide the box-office enterta...
Sign up now! Sign up now! Sign up now? Sign up now! While a church bell clanged intermittently and bits of tumbleweed blew across the pitch at the Emirates Stadium, the Allianz Arena hosted a ding-dong battle that pretty much had it all on Wednesday night. For the second evening in eight days, it was left to Bayern Munich and Real Madrid to pull out all the stops and provide the box-office entertainment as Arsenal once again Arsenaled their way past Sporting in a bore draw to earn their place in Bigger Cup semi-finals. More or less picking up where they’d left off at the end of the first leg, Bayern and Madrid served up a gourmand feast of slapstick goalkeeping, a see-sawing scoreline, much better goalkeeping, near-misses, goals of an at times absurdly high quality, several red cards and no end of post-match salty Spanish tears and recriminations. While Madrid have little or no chance of pipping Barça to this season’s La Liga title, they certainly thrashed them in the ungracious Bigger Cup exit stakes. The image of Fermín López getting the boot from Juan Musso ( yesterday’s Football Daily ) clearly shows technique learned from English players. Admittedly, López’s head appeared to be at a dangerous level and one might expect an element of risk from crouching like that. As a life-long Hearts fan, I haven’t forgotten the approximation of a tackle attempted by English full-back Jason Talbot, then ‘playing’ for Livingston, on poor young winger Sam Nicholson in 2015. This was one incident in a match which, I believe, carries the accepted term ‘feisty’ (ie five goals, eight yellow cards and one red). And no, this wasn’t the red ” – Ken Muir. Re: your almost-spot-on analysis of Southampton’s chances of automatic promotion (yesterday’s News, Bits and Bobs, full email edition), what you and – to be fair – every other publication I’ve read about this in, have omitted to mention is that Ipswich’s game in hand is away to Saints during the week before the last games of the season...
Can You Price In No Longer Pricing Things In? By Michael Every of Rabobank At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that ba...
Can You Price In No Longer Pricing Things In? By Michael Every of Rabobank At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that back that stance and ones that say otherwise. Iran warned it could sink US ships in Hormuz if they police the waterway and the Houthis could blockade the Red Sea . The FT reports Iran used a Chinese spy satellite to target US bases. Note the subtext to Trump’s subsequent Truth Social post: “ China is very happy that I am permanently opening the Strait of Hormuz. I am doing it for them, also - And the World. This situation will never happen again. They have agreed not to send weapons to Iran. President Xi will give me a big, fat, hug when I get there in a few weeks. We are working together smartly, and very well! Doesn't that beat fighting??? BUT REMEMBER, we are very good at fighting, if we have to - far better than anyone else!!!" Yet the US and Iran are reportedly weighing a two-week truce extension and inching towards a framework deal, as the latter feels the economic pressure; crucially, China is seen pressing Iran to open Hormuz; and Tehran has offered a proposal allowing ships to exit the Oman side of the Strait free of attack, if a wider deal with the US can be struck . That looks like the face-saving way for the regime to re-open the Strait… if there can be a “grand bargain” on the nuclear issue, missiles, and its regional proxies. Matching that trend, Israel is close to a one-week ceasefire with Hezbollah in Lebanon, even if there is no clear way to rid the country of the terror group despite the Israeli and Lebanese authorities now seeming united in wanting to do so. Potentially, we could still see this war end in line with what has been our base case for a while no...
Thanks for reading Hyperdrive , Bloomberg’s newsletter on the future of the auto world. Stellantis Closes In on China Partners It looks like Stellantis’ Chinese casting call is nearing the final round. The maker of Peugeot and Fiat cars is in talks with Dongfeng to revive a broad production partnership , Bloomberg reported this week. Stellantis has several underused factories in Europe, and the di...
Thanks for reading Hyperdrive , Bloomberg’s newsletter on the future of the auto world. Stellantis Closes In on China Partners It looks like Stellantis’ Chinese casting call is nearing the final round. The maker of Peugeot and Fiat cars is in talks with Dongfeng to revive a broad production partnership , Bloomberg reported this week. Stellantis has several underused factories in Europe, and the discussions involve giving Dongfeng access to those. The state-owned manufacturer may in turn make cars from selected Stellantis brands in China. It’s the latest development in a push by Stellantis to bolster its business in Europe with Chinese help. The company has been working with Leapmotor on sales in the region and is considering using more of that partner’s technology to strengthen its mass-market brands such as Fiat and Opel. Stellantis executives also previously met with China’s Xiaomi and Xpeng to discuss overhaul options , Bloomberg reported last month. Stellantis could well make deals with more than one Chinese manufacturer. But the nature of the latest negotiations — Dongfeng representatives already visited plants in Italy and Germany — suggests that company has moved into a pole position for a partnership. The deliberations include Dongfeng possibly acquiring or investing in one or more European plants at a later stage. Stellantis is expected to unveil further strategic steps at an investor meeting next month. Europe’s second-biggest automaker could use the support. Its Fiat, Opel and Peugeot brands are saddled with overcapacity , intense competition and the high cost of the electric-vehicle shift. Deeper ties with Chinese carmakers that come with advanced technology for EVs and software sound like a no-brainer. It makes sense for the Chinese, too: They would win better access to a market that’s become a profitable outlet from a price war at home. Still, the move isn’t without risks, especially for Stellantis. Chinese automakers are already grabbing share from in...
fotofrog/E+ via Getty Images PepsiCo ( PEP ) delivered a strong start to 2026, reporting Q1 revenue of $19.4 billion, up 8.5% year-over-year, with organic sales rising 2.6% to beat consensus and non-GAAP EPS of $1.61 topping estimates by $0.06. The results were headlined by a 2% improvement in convenient foods volume, signaling that the company's affordability initiatives and brand restaging effor...
fotofrog/E+ via Getty Images PepsiCo ( PEP ) delivered a strong start to 2026, reporting Q1 revenue of $19.4 billion, up 8.5% year-over-year, with organic sales rising 2.6% to beat consensus and non-GAAP EPS of $1.61 topping estimates by $0.06. The results were headlined by a 2% improvement in convenient foods volume, signaling that the company's affordability initiatives and brand restaging effort, pledged back in December 2025, are beginning to bear fruit. That strong fundamental showing is reflected in PepsiCo's Seeking Alpha Quant Rating of 4.44, a Buy rating that places it second only to Keurig Dr Pepper ( KDP ) among all soft drinks and non-alcoholic beverage stocks in the rankings below. Keurig Dr Pepper Inc. ( KDP ) tops the list with a Strong Buy rating of 4.50, followed by PepsiCo, Inc. ( PEP ) at 4.44 and Fomento Económico Mexicano ( FMX ) at 4.11. These three companies represent the highest-rated stocks in the sector according to the Quant system. The list also features major industry players such as The Coca-Cola Company ( KO ) and Monster Beverage Corporation ( MNST ), both with Hold ratings. Ratings across the sector span from Strong Buy down to Strong Sell, covering various market caps from large-cap leaders like Coca-Cola’s $324.15B valuation to smaller companies like Reed’s, Inc. ( REED ) at $51.42M. Seeking Alpha’s Quant Ratings grade stocks based on their relative performance across critical quantitative measures, including valuation, growth, stock momentum, and profitability. Ratings are given on a scale from 1 to 5, with any rating of 3.5 or above considered a bullish rating and any rating of 2.5 or below considered a bearish rating. Here is the list: Keurig Dr Pepper Inc. ( KDP ), Quant Rating: Strong Buy 4.50 PepsiCo, Inc. ( PEP ), Quant Rating: Buy 4.44 Fomento Económico Mexicano, S.A.B. de C.V. ( FMX ), Quant Rating: Buy 4.11 Coca-Cola FEMSA, S.A.B. de C.V. ( KOF ), Quant Rating: Buy 3.67 Coca-Cola Europacific Partners PLC ( CCEP ), Quant R...
Portugal has become the first euro-area country to tap the offshore renminbi bond market, raising the equivalent of about €250 million as it seeks to diversify its funding sources. The country’s debt agency said Thursday that it sold 1.99 billion yuan of eight-year debt in a private placement managed last week by Deutsche Bank AG and Industrial & Commercial Bank of China Ltd . The securities — col...
Portugal has become the first euro-area country to tap the offshore renminbi bond market, raising the equivalent of about €250 million as it seeks to diversify its funding sources. The country’s debt agency said Thursday that it sold 1.99 billion yuan of eight-year debt in a private placement managed last week by Deutsche Bank AG and Industrial & Commercial Bank of China Ltd . The securities — colloquially known as dim sum bonds — are a rarity among governments outside of East Asia. For Portugal, it’s the latest frontier for one of Europe’s most innovative bond issuers as it looks to lower interest-rate costs. It was the first euro-area country to issue onshore renminbi bonds — known as panda bonds – in 2019. Economic ties between Portugal and China have deepened since the euro-area sovereign debt crisis. Chinese investment in companies such as utility EDP SA and grid operator REN supported a privatization drive that accompanied Portugal’s international bailout program between 2011 and 2014. Chinese battery maker CALB Group Co . broke ground last year on a €2 billion factory in Sines on the Portuguese coast. Prime Minister Luís Montenegro visited Beijing in September, meeting President Xi Jinping, while Finance Minister Joaquim Miranda Sarmento held talks earlier this year with the Chinese ambassador in Lisbon to advance cooperation. Yuan-denominated debt isn’t the only esoteric offering in recent months. Portugal’s debt agency has also sold floating-rate notes, rather than the typical fixed-rate format. With floating-rate notes, the amount of interest tracks Euribor benchmarks. They also included so-called floor and ceiling structures, which impose a minimum and maximum rate Portugal pays bondholders. Interest-rate and foreign-exchange hedging transactions were executed simultaneously across the issues to align their risk profiles with those of Portugal’s main funding instruments, the debt agency said. That means these niche deals achieve all-in costs below the com...
More than 100 injured across country after Russia launches nearly 700 drones and dozens of ballistic and cruise missiles Europe live – latest updates Russia has carried out its deadliest attack against Ukraine this year, killing at least 17 people, and injuring more than 100, in a wave of drone and missile strikes across the country. Nine people died in the southern port city of Odesa, with four k...
More than 100 injured across country after Russia launches nearly 700 drones and dozens of ballistic and cruise missiles Europe live – latest updates Russia has carried out its deadliest attack against Ukraine this year, killing at least 17 people, and injuring more than 100, in a wave of drone and missile strikes across the country. Nine people died in the southern port city of Odesa, with four killed in Kyiv, including a 12-year-old boy. There were three fatalities in the Dnipropetrovsk region. Another person died in Zaporizhzhia oblast. Continue reading...
Maskot | Maskot | Getty Images Women in their 20s are buying homes in growing numbers, according to a new study. They may want to consider pairing the purchase with another financial task: Creating an estate plan . More than a third, 35%, of Gen Z home buyers are single women , according to the National Association of Realtors' 2026 Home Buyers and Sellers Generational Trends report , which is bas...
Maskot | Maskot | Getty Images Women in their 20s are buying homes in growing numbers, according to a new study. They may want to consider pairing the purchase with another financial task: Creating an estate plan . More than a third, 35%, of Gen Z home buyers are single women , according to the National Association of Realtors' 2026 Home Buyers and Sellers Generational Trends report , which is based on transactions made between July 2024 and June 2025. The Gen Z buyers were ages 18 to 26. The share is up from 30% the prior year and is the highest of any age group, the study shows. It is also nearly twice the 18% of Gen Z buyers who are single men. More from Women and Wealth: 35% of Gen Z homebuyers are single women. Here's why they need an estate plan How married filing separately could affect Trump's tax breaks this season Expecting to fight about money with your partner? You might be wrong: study Belle Burden's 'Strangers' highlights key financial red flags for women Single women see homeownership as 'a wealth-building tool,' economist says More women pursue skilled trades — here's what some said about their experience Older women may inherit most of $54 trillion in spousal 'great wealth transfer' Couples often miss this 'overlooked tax break' for retirement savers: CFP Despite purchasing what might now be their largest asset, these new homeowners may not yet have taken steps to protect it, financial advisors say. An estate plan is part of that consideration. In simple terms, it is a set of legal documents that spell out both what you want to happen to your assets — including your house — at death, as well as who is authorized to make decisions for you if you end up incapacitated at any point before then. "You get the rare person who thinks about it … but the overwhelming majority buy the house and then are thrust right back into their 40- or 50-hour work week," said certified financial planner Jeff Judge, a managing partner with Chesapeake Financial Planners in F...
Olga Bereslavskaya/iStock via Getty Images Late 2025 was the last time I reviewed the Fundstrat Granny Shots US Large Cap ETF ( GRNY ). At that time I thought Tom Lee and his team at Fundstrat had set the fund up to succeed in 2026 especially given the allocation to many AI related stocks. Let’s dive into the ETF’s performance thus far in 2026 and determine if the fund has readjusted accordingly g...
Olga Bereslavskaya/iStock via Getty Images Late 2025 was the last time I reviewed the Fundstrat Granny Shots US Large Cap ETF ( GRNY ). At that time I thought Tom Lee and his team at Fundstrat had set the fund up to succeed in 2026 especially given the allocation to many AI related stocks. Let’s dive into the ETF’s performance thus far in 2026 and determine if the fund has readjusted accordingly given the significant macro events that have already transpired in just the first quarter of 2026. Fund Strategy As I’ve mentioned in prior articles , this ETF is focused around a few short-term and long-term themes. The short-term themes include: style tilt, seasonality, and PMI recovery. The long-term themes include Energy/Cyber security, millennials, global labor suppliers and easing financial conditions. Of these themes, I am particularly bullish on the long-term themes associated with energy/cyber security and Millennials as I do believe in the “Great Wealth Transfer” in which Millennials will begin to inherit assets from the Baby Boomer generation. Also, as AI will continue to make waves in the years and decades to come, the need for energy will be even greater as will be the need for companies and individuals to protect their sensitive information. Not only do I like many of these themes, but I like that to be included in the fund, the stock must fit at least two of these themes (if not more). To me this is a much more detailed and strategic approach to investing compared to say the ARK Innovation ETF ( ARKK ), where any company can be considered exciting and innovative. I mean who knew John Deere ( DE ) was rewriting their playbook? Let’s now discuss the fund’s current holdings and how GRNY has performed thus far in 2026. Performance & Fund Structure Let’s begin by comparing GRNY to a few similar ETFs, like ARKK and the Dan IVES Wedbush AI Revolution ETF ( IVES ) and some broader ETFs like the Invesco QQQ Trust, Series 1 ETF ( QQQ ) and the Vanguard 500 Index Fund ET...
Getty Images By James Smith, Developed Markets Economist, UK No, the UK is not more vulnerable to the coming inflation shock Financial markets are still applying the 2022 playbook to the Bank of England. The scale of repricing in interest rate expectations has been more dramatic than either the eurozone or the US. The implied UK rate one year from now has risen a full percentage point since the on...
Getty Images By James Smith, Developed Markets Economist, UK No, the UK is not more vulnerable to the coming inflation shock Financial markets are still applying the 2022 playbook to the Bank of England. The scale of repricing in interest rate expectations has been more dramatic than either the eurozone or the US. The implied UK rate one year from now has risen a full percentage point since the onset of war, and investors are still pricing close to two hikes by year-end. That seems to imply that the UK is facing a more severe inflation shock than elsewhere. We disagree. That may have been true in 2022. And Britain may be a major energy importer. But its dependency is on natural gas. And fortunately, this is not yet a natural gas crisis. Wholesale prices are still a fraction of where they traded in the fallout of the Ukraine invasion. Based on ING’s updated energy price forecasts, we think inflation is set to rise to 3% through May/June and bounce between 3.5-4% from July onwards. That’s virtually identical to our new eurozone inflation predictions. And if anything, the UK may be less exposed to the second-round inflationary effects that keep central bankers up at night. The jobs market is weaker than in much of Europe, judging by vacancy data, thanks to the effects of last year’s tax rises. Those increases had minimal impact on inflation but a notable impact on hiring. It’s a reminder that firms have much less pricing power than they did in 2022. Likewise, workers don’t have nearly as much power to demand higher pay. Wage growth has already fallen sharply in recent months. Unemployment is set to rise further. We're still not convinced the Bank will hike rates Fiscal policy is also getting tighter. The structural deficit is still set to fall this year thanks to the freeze in income tax brackets. That’s in contrast to the post-pandemic period, but also Germany and its neighbouring economies, which are set to benefit from the wave of infrastructure spending coming onli...
Cotton prices are up another 50 to 60 points early on Thursday morning. Futures were in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at $97.875. Crude oil was up 12 cents on the day. The Seam...
Cotton prices are up another 50 to 60 points early on Thursday morning. Futures were in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at $97.875. Crude oil was up 12 cents on the day. The Seam...
Wheat is extending the rally to Thursday, with gains across the board. The wheat complex posted marginal gains on Wednesday with contracts higher across the three exchanges. Chicago SRW futures were fractionally to 3 cents higher. Open interest rose 3,976 contracts. KC HRW futures saw 2 ¼ to 3 ¼...
Wheat is extending the rally to Thursday, with gains across the board. The wheat complex posted marginal gains on Wednesday with contracts higher across the three exchanges. Chicago SRW futures were fractionally to 3 cents higher. Open interest rose 3,976 contracts. KC HRW futures saw 2 ¼ to 3 ¼...
Soybeans are down fractionally to 2 cents so far on Thursday morning. Futures were in rally mode on the midweek session, with contracts 9 to 11 cents higher at the close. Open interest suggested net new buying, up 21,537 on Wednesday. The cmdtyView national average Cash Bean price was up...
Soybeans are down fractionally to 2 cents so far on Thursday morning. Futures were in rally mode on the midweek session, with contracts 9 to 11 cents higher at the close. Open interest suggested net new buying, up 21,537 on Wednesday. The cmdtyView national average Cash Bean price was up...
What a difference a few weeks can make. The last time we had our Monthly Meeting , on Friday, March 27, the stock market was still stuck in the fog of the Iran war. The following Monday brought a little more pain. But it turned out the S & P 500 and Nasdaq closed the March 30 session at their lowest levels since attacks began on the final day of February. Since then, the S & P 500 and Nasdaq have ...
What a difference a few weeks can make. The last time we had our Monthly Meeting , on Friday, March 27, the stock market was still stuck in the fog of the Iran war. The following Monday brought a little more pain. But it turned out the S & P 500 and Nasdaq closed the March 30 session at their lowest levels since attacks began on the final day of February. Since then, the S & P 500 and Nasdaq have staged stunning rallies — gaining 10.7% and 15.5%, respectively, as of Wednesday's close, which were record closing highs for both. The Nasdaq has been higher in all 11 sessions — its longest winning streak since November 2021. The S & P 500 has been 10 trading days out of the past 11. The market surge has built since then on hopes of a resolution to the Mideast conflict. It has also helped that U.S. oil prices have dropped roughly 18% from their war peak of nearly $113 per barrel on April 6. .SPX .IXIC YTD mountain S & P 500 and Nasdaq YTD The dramatic stock rally underscores what Jim Cramer has preached for over a month and reiterated during our March meeting: Don't panic. Don't exit the stock market because it feels like the easy way out in a tough market. While we're not market timers, Jim's advice came one session before stocks saw their March 30 wartime bottom. Ahead of Thursday's April Monthly Meeting, which will be livestreamed starting at noon ET, the Club's best-performing stocks over that stretch have crushed the overall market's sizable gains. To be sure, not all of our stocks have posted gains. Here's where we stand on our top four and bottom four stocks from March 30 through Wednesday's close. Top 4 performers Broadcom up 35.2% We made two sales of this chipmaker this week, booking profits after the stock's massive rally. We trimmed our position on Monday and Wednesday . The latest gains came after a number of positive developments, including a multiyear deal with Meta Platforms, which was announced after Tuesday's close. Corning up 30.9% Stocks that support t...
Scientists suggest red hair and fair skin were favoured for vitamin D efficiency in study focused on whether human evolution plateaued after advent of agriculture People with red hair who have put up with teasing or “fiery” stereotypes may be pleased to learn that they appear to be winners from an evolutionary perspective. A large genetics study has revealed that, in Europe, the gene for red hair ...
Scientists suggest red hair and fair skin were favoured for vitamin D efficiency in study focused on whether human evolution plateaued after advent of agriculture People with red hair who have put up with teasing or “fiery” stereotypes may be pleased to learn that they appear to be winners from an evolutionary perspective. A large genetics study has revealed that, in Europe, the gene for red hair has been actively selected for more than 10,000 years. The study did not aim to uncover the reasons for the trend, but focused on the broader question of whether human evolution has plateaued since the advent of agriculture. By analysing DNA from nearly 16,000 ancient human remains and more than 6,000 living individuals, the scientists provided compelling evidence that, in fact, biological evolution has continued apace. Continue reading...
ficio74/iStock via Getty Images We gave First Trust High Yield Opportunities 2027 Term Fd ( FTHY ) a pass in November 2023. This closed end fund started operations in June 2020, with a planned termination of around August 2027. Since it started during the ZIRP times (Zero Interest Rate Policy), it had a fairly decent first couple of years until the Federal Reserve raised the interest rates. By the...
ficio74/iStock via Getty Images We gave First Trust High Yield Opportunities 2027 Term Fd ( FTHY ) a pass in November 2023. This closed end fund started operations in June 2020, with a planned termination of around August 2027. Since it started during the ZIRP times (Zero Interest Rate Policy), it had a fairly decent first couple of years until the Federal Reserve raised the interest rates. By the time we covered it in late 2023, the story had changed dramatically, with a price decline of over 35%. The double digit distribution yield, along with the discount to NAV held up the total return numbers to an extent. Data by YCharts The market had given it a solid drubbing, but we were not sold on it yet. We went with a HOLD rating. We think all things considered this could do a bit better than JNK but the default cycle in high yield bonds still lies ahead of us. So we continue to emphasize quality over high yields. The expense ratio differential versus ETFs also robs the fund of its NAV discount closing advantage. We rate this a hold and might be interested in it if the discount blows up wider alongside high spreads widening as well. Source: FTHY: 2027 High Yield Term Trust At Big Discount We had noted in the same piece that this fund would recoup some of the unrealized losses for the unitholders that were betting on lower interest rates and stuck with the fund. Now the question here is, where do you see the interest rates closer to 2027, when the fund intends to terminate? Investors betting on lower rates by then, will see reversal of some of the unrealized losses, leading to a rise in the fund NAV. Source: FTHY: 2027 High Yield Term Trust At Big Discount FTHY unitholders have had a reversal of fortunes in terms of total returns since then. Data by YCharts While it is still trading at a discount to its net asset value, the gap started narrowing once the Federal Reserve delivered a few rate cuts. Data by YCharts All in all, in the 6 years or so it had been in existence, ...