PM Images/DigitalVision via Getty Images Overview The Nuveen Variable Rate Preferred & Income Fund ( NPFD ) offers investors exposure to a diversified portfolio of income-producing securities. During my prior coverage, I issued a hold rating because of the fund's inconsistent earnings and dividend coverage at the time. Since then, the share price has slightly declined, but the fund's total return ...
PM Images/DigitalVision via Getty Images Overview The Nuveen Variable Rate Preferred & Income Fund ( NPFD ) offers investors exposure to a diversified portfolio of income-producing securities. During my prior coverage, I issued a hold rating because of the fund's inconsistent earnings and dividend coverage at the time. Since then, the share price has slightly declined, but the fund's total return remains positive because of the distributions paid out. Now that the macroeconomic environment has shifted a bit, I wanted to reassess the fund's overall value proposition and outlook for the remainder of the year. When I previously covered NPFD, the fund traded at a discount to NAV of about 6.07%. Although the share price has slightly decreased, the fund now trades at a smaller discount to NAV of 4.48%. Therefore, the valuation can be a bit tricky because the fund trades at the higher end of its historical price to NAV range since inception. For instance, the fund has traded at an average discount to NAV of 8.07% over the last three year period. CEF Data The fund now offers investors a starting dividend yield of about 10% while issuing those payouts on a monthly basis. However, I believe that the payouts may need to be reduced in the near term to improve the performance. Furthermore, a scenario where interest rates are hiked may threaten the fund's ability to capture sufficient net realized gains. If NPFD fails to support payouts with earnings, the underlying NAV will remain unstable, and this limits the long-term appeal for investors. Fund Strategy According to the latest fund overview , NPFD has total managed assets of $751.9M that are spread across a diverse range of income-producing securities. The primary objective is to provide a high current income and total return for investors. NPFD achieves this goal by spreading its capital across variable rate securities that can directly benefit from a higher interest rate environment. Therefore, the success of NPFD is not cor...
格隆汇6月12日｜金价在早盘交易中上涨。大华(UOB)的Heng Koon How在一份报告中表示，由于人们日益担心美联储可能不得不提高政策利率，黄金在过去一周跌至接近4,000美元后，目前的交易价格低于其每盎司4,500美元的关键盘整水平。大华的预测取决于美联储6月会议的结果以及主席凯文·沃什传达的信息。该分析师表示，如果凯文·沃什承认通货膨胀风险不断增加，金价在近期面临进一步承压并跌破每盎司4...
格隆汇6月12日｜金价在早盘交易中上涨。大华(UOB)的Heng Koon How在一份报告中表示，由于人们日益担心美联储可能不得不提高政策利率，黄金在过去一周跌至接近4,000美元后，目前的交易价格低于其每盎司4,500美元的关键盘整水平。大华的预测取决于美联储6月会议的结果以及主席凯文·沃什传达的信息。该分析师表示，如果凯文·沃什承认通货膨胀风险不断增加，金价在近期面临进一步承压并跌破每盎司4,000美元的风险。大华预计，第三季度金价将在每盎司4,600美元左右交易，第四季度将在每盎司4,800美元左右交易。现货黄金上涨0.3%，报每盎司4,226.02美元，但本周累计下跌1.7%。
The SpaceX (NASDAQ: SPCX) IPO is close to liftoff. With initial shares priced at $135, the offering looks set to raise a record-breaking $75 billion, valuing the company at around $1.77 trillion and making it the eighth-largest by market cap. That's a lot for a company that was not profitable in 2025 and is not profitable today. However, SpaceX is an extraordinary company that has repeatedly defie...
The SpaceX (NASDAQ: SPCX) IPO is close to liftoff. With initial shares priced at $135, the offering looks set to raise a record-breaking $75 billion, valuing the company at around $1.77 trillion and making it the eighth-largest by market cap. That's a lot for a company that was not profitable in 2025 and is not profitable today. However, SpaceX is an extraordinary company that has repeatedly defied doubters, and bulls argue its ability to break new ground justifies that valuation. Image source: Getty Images. The greatest difficulty in valuing SpaceX is that a lot of the projections boil down to one statement: "It's space!" Or more accurately, "It's space and AI!" Both markets could have life-changing potential, but costs and revenues are hard to project. For example, one thing to know about SpaceX is that its IPO prospectus assumes a total addressable market (TAM) of $28.5 trillion. Because, well, it's space. Continue reading
Emily Roland, Co-Chief Investment Strategist at Manulife John Hancock Investment Management, reframed this week’s selloff as an opportunity on Thursday, June 11, on CNBC’s Squawk Box. “We have been on a momentum freight train since the market lows back in late March. Certainly, seeing some overbought conditions, and we weren’t overly surprised here to see a little bit ... Wall Street Strategist: S...
Emily Roland, Co-Chief Investment Strategist at Manulife John Hancock Investment Management, reframed this week’s selloff as an opportunity on Thursday, June 11, on CNBC’s Squawk Box. “We have been on a momentum freight train since the market lows back in late March. Certainly, seeing some overbought conditions, and we weren’t overly surprised here to see a little bit ... Wall Street Strategist: Stock Market Just Became a “Buyer’s Dream” After Recent Pull-Back
With 14 hedge funds having stakes in the stock, Rezolve AI PLC (NASDAQ:RZLV) is among the 10 Under-the-Radar AI Stocks to Buy in 2026. On June 8, Rezolve AI PLC (NASDAQ:RZLV) announced the appointment of Michele Fisher as Chief Marketing Officer. Fisher joins the company from Microsoft, where she served as Global Strategy Director, bringing extensive experience […]
With 14 hedge funds having stakes in the stock, Rezolve AI PLC (NASDAQ:RZLV) is among the 10 Under-the-Radar AI Stocks to Buy in 2026. On June 8, Rezolve AI PLC (NASDAQ:RZLV) announced the appointment of Michele Fisher as Chief Marketing Officer. Fisher joins the company from Microsoft, where she served as Global Strategy Director, bringing extensive experience […]
HeliRy/E+ via Getty Images Oil tanker traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a credible agreement that improves security in the vital waterway, Frontline ( FRO ) CEO Lars Barstad told CNBC in an interview Thursday. "I'm actually very optimistic the minute the tide turns and the U.S. and Iran have found some sort of agreement, at least not to attack ...
HeliRy/E+ via Getty Images Oil tanker traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a credible agreement that improves security in the vital waterway, Frontline ( FRO ) CEO Lars Barstad told CNBC in an interview Thursday. "I'm actually very optimistic the minute the tide turns and the U.S. and Iran have found some sort of agreement, at least not to attack shipping, that those transits are going to resume pretty quickly," Barstad said. Frontline ( FRO ) has a fleet of 80 vessels that transport crude oil and petroleum products around the world, and the CEO said five of its tankers are currently stuck in the Persian Gulf due to the closure of Hormuz. Traffic through the strait will not return to pre-war levels of 130-140 daily transits anytime soon, but a credible deal between the U.S. and Iran should lead to a material increase above the current daily trickle of 5-10 ships, Barstad said. ~10% of the world's very large crude carriers—which each can carry up to ~2M barrels—are stuck in the Gulf right now loaded with oil, and these tankers will be the first batch of ships that exit Hormuz when there is an opening, he said. The world's tanker fleet has been dispersed throughout the world to fetch oil from regions such as the U.S. Gulf Coast while Hormuz is closed, but freight rates will be so high that tankers will be attracted back to the Middle East, Barstad said. Some oil wells that were closed during the war may have been permanently damaged due to a loss of pressure and water contamination, so "I don't think we can get around the fact there's going to be less oil coming out of the Middle East than what we had pre-closure," the CEO said. Other potentially relevant stocks include Scorpio Tankers ( STNG ), International Seaways ( INSW ), DHT Holdings ( DHT ), Teekay Tankers ( TNK ), Teekay ( TK ), Nordic American Tankers ( NAT ), SFL Corp. ( SFL ), Tsakos Energy Navigation ( TEN ), Okeanis Eco Tankers ( ECO ), Torm ( TRMD ), Kir...