winhorse/iStock Unreleased via Getty Images G-III Apparel Group, Ltd. ( GIII ) reported the company's fiscal Q1 results from the February-April period on the 5th of June. The company's sales continue to shrink due to license losses, but underneath, G-III's remaining brands have shown clear strength. The $500 million Marc Jacobs acquisition bolsters G-III's scale, offsetting licensed revenue losses...
winhorse/iStock Unreleased via Getty Images G-III Apparel Group, Ltd. ( GIII ) reported the company's fiscal Q1 results from the February-April period on the 5th of June. The company's sales continue to shrink due to license losses, but underneath, G-III's remaining brands have shown clear strength. The $500 million Marc Jacobs acquisition bolsters G-III's scale, offsetting licensed revenue losses, but its financial impact remains to be seen. G-III has clear upside potential as an investment, but such upside is clouded in uncertainty. I upgraded my rating to Buy in my previous June 2024 article on the stock, titled " G-III Apparel: Q1 Positive Margin Surprise, AWWG Deal Should Aid Growth ". The stock has since returned 26%, underperforming against the S&P 500's 38% gain. My Rating History on GIII (Seeking Alpha) G-III's Underlying Strength is Hidden by PVH License Loss G-III's Q1 report continued a negative trend from the company's past few quarters . Revenues came in at $536 million for the quarter, reflecting an -8% year-on-year decline. The revenue decline has continued at a consistent pace as FY2026 showed a similar -7% revenue decline. The first quarter top line came in nearly in line with Wall Street's consensus estimate . Author's Illustration Using TIKR Data The reason for G-III's revenue decline is clear; the company's licenses with PVH Corp. ( PVH ) for the Tommy Hilfiger and Calvin Klein brands began expiring from December 2024 forward in late FY2025 on a staggered basis as PVH decided to move many product categories back in-house. Tommy Hilfiger and Calvin Klein accounted for 34% of total sales in FY2025 and 28% of FY2026 sales but will gradually drop to zero as the last licenses with PVH are set to expire in December 2027. Licenses with PVH that accounted for $436 million, or 15%, of G-III's total FY2026 sales, expired in December 2025 and caused significant pressure on the FY2027 outlook. When excluding the impact of PVH license losses, G-III's underly...
PM Images/DigitalVision via Getty Images Overview When I previously covered the Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ), I issued a strong buy rating because of the large discount to NAV valuation at the time. Since then, the fund has risen in value, and the total return has outpaced the S&P 500 Index over the same time frame. However, I wanted to revisit the fund to reassess its l...
PM Images/DigitalVision via Getty Images Overview When I previously covered the Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ), I issued a strong buy rating because of the large discount to NAV valuation at the time. Since then, the fund has risen in value, and the total return has outpaced the S&P 500 Index over the same time frame. However, I wanted to revisit the fund to reassess its latest annual report and the outlook through the rest of 2026. EVT continues to trade at a compelling valuation, but the fund still has some negative tradeoffs that investors should consider before initiating a position. Despite the market rally over the last year, EVT still trades at a deep discount to NAV of 9.36%. Referring to the red line on the graph below, we can see that EVT still trades at the bottom end of its historical price to NAV range. For reference, the fund has traded at an average discount to NAV of 5.38% over the last five years. With this in mind, I believe that it is still an attractive time to accumulate shares for investors that want a deal in this market. The fund has historically done well for buy-and-hold investors. CEFData.com The fund now offers investors a starting dividend yield of about 7.4% while issuing those payouts on a monthly basis. According to the latest annual report, the dividend is well supported by earnings. If the positive momentum of the technology sector continues, EVT is directly aligned to participate in this growth and achieve NAV growth. However, the fund is also highly vulnerable to a market turnaround. If EVT cannot capture net realized gains, the fund may be faced with a scenario of paying out more than it earns. Fund Strategy According to the latest fund overview , EVT now has total assets of $2.2B that are spread across 76 different positions. The fund's primary objective is to provide a high total return while putting an emphasis on dividend income and capital appreciation. In order to achieve this goal, the fund impleme...
5./15 WEST/iStock Unreleased via Getty Images AI appears to have led to a transformation at Pinterest ( PINS ) but perhaps not in the way that investors have hoped for. Whereas its larger competitors are seeing explosive accelerations in growth, PINS instead appears to be losing market share. Those fears appear to have been thoroughly reflected in the beaten-down stock price. The pessimism appears...
5./15 WEST/iStock Unreleased via Getty Images AI appears to have led to a transformation at Pinterest ( PINS ) but perhaps not in the way that investors have hoped for. Whereas its larger competitors are seeing explosive accelerations in growth, PINS instead appears to be losing market share. Those fears appear to have been thoroughly reflected in the beaten-down stock price. The pessimism appears overblown given the company's strong balance sheet and GAAP profitability. I rate the stock a buy. PINS Stock Price I last covered PINS in February where I stated that the market has "lost its mind" amidst the strong balance sheet and cash machine. The stock has soared around 36% since. Data by YCharts The stock still looks too cheap here, even if it might not be the strongest performing name in its sector. PINS Stock Key Metrics PINS is a social media company known for its "pin" format. I do not use the platform myself, but the company appears to have succeeded on a niche in facilitating planning for personal projects. In the most recent quarter, the company generated 18% YoY revenue growth to $1 billion, crushing guidance of between $951 million to $971 million. This importantly represented a solid step-up in growth from the 14% growth rate posted in the fourth quarter. 2026 Q1 Presentation The company generated robust 11% YoY growth in monthly active users, including a respectable 4% growth rate in US & Canada. 2026 Q1 Presentation The company generated 6% YoY growth in average revenue per user ('ARPU'). I note that this was not as impressive as the numbers seen at Meta Platforms ( META ) but the relative comparisons might not mean everything for forward stock price performance. That said, there is the likely possibility that META is taking market share from smaller social media peers. 2026 Q1 Presentation PINS generated $207 million in adjusted EBITDA, beating guidance of between $166 million and $186 million and representing 40 bps of margin expansion. 2026 Q1 Present...
Watch: More Evidence Iran Is Rapidly Restoring Its Missile Tunnels President Trump has newly estimated that Iran has 21%-22% of its missiles remaining. Trump said in an interview with NBC : "They have some missiles and drones, percentage-wise maybe 21%-22% of the missiles. That's a lot, but it's not what it was before the war." He and top White House officials had previously mused that the Iranian...
Watch: More Evidence Iran Is Rapidly Restoring Its Missile Tunnels President Trump has newly estimated that Iran has 21%-22% of its missiles remaining. Trump said in an interview with NBC : "They have some missiles and drones, percentage-wise maybe 21%-22% of the missiles. That's a lot, but it's not what it was before the war." He and top White House officials had previously mused that the Iranians are working hard to reconstitute their defenses after the opening US-Israeli heavy bombing campaign of Operation Epic Fury. The fresh statement comes on the heels of a Washington Post story last month which cited CIA estimates saying Iran still holds about 70% of its missiles and 75% of missile launchers it had before the war. So there's a likelihood that Iran still has significantly more than just 20% of its arsenal . There's also some anecdotal evidence, and statements from the Iranians themselves, such as in the following... Watch: Iran restored internet access, revealing footage of rescue operations at western Iranian tunnel sites struck by U.S. and Israeli forces. The tunnels were used to shelter missile launchers. pic.twitter.com/PnTfwjoV0B — Open Source Intel (@Osint613) June 5, 2026 The Iranians have been utilizing basic construction equipment to dig out several missile launchers and reopen subterranean tunnels tied to its missile program. "Iran has repaired other parts of the bases as well, including roads that the US and Israel bombed to prevent missile launchers from using them," CNN wrote last week. "Satellite images show almost all these craters have now been filled, and at two sites, even repaved." Sam Lair, a research associate at the James Martin Center for Nonproliferation Studies, the same outlet late last month that "There’s nothing to prevent the launchers from being armed with the ample stockpile of missiles that the Iranians still have." He sought to highlight the limits of American firepower, in terms of damage, and given that it hasn't been sustain...
Public anger is mounting over ballot shortages during South Korea’s local elections last week, with a growing number of people in the capital calling for a revote. Protests which began Wednesday evening near the Jamsil polling station — one of the affected centers in Seoul during the June 3 vote — have since expanded to nearby Olympic Park, a venue more commonly associated with K-pop concerts, spo...
Public anger is mounting over ballot shortages during South Korea’s local elections last week, with a growing number of people in the capital calling for a revote. Protests which began Wednesday evening near the Jamsil polling station — one of the affected centers in Seoul during the June 3 vote — have since expanded to nearby Olympic Park, a venue more commonly associated with K-pop concerts, sporting events and weekend picnics. Police estimated more than 32,000 people gathered at the park as of 9 p.m. Saturday, according to broadcaster YTN. About 50 stations in Seoul and Gyeongsang province faced ballot shortages during the election of mayors and provincial governors, with more than a dozen of them suspending voting, according to the National Election Commission. While the number of affected centers is a fraction of over 14,000 nationwide, protesters say the bungle needs to be addressed and the two biggest political parties are trading jabs and accusations over the controversy. “This is a serious violation of our voting rights, our fundamental rights,” said Jeong Jin-woo, a 29-year-old Seoul resident who attended the Olympic Park protest on Saturday night. “This isn’t a partisan issue between the ruling and opposition parties.” The growing public outrage may put President Lee Jae Myung’s administration under pressure despite the ruling party’s resounding victory in the elections. His Democratic Party won 12 of 16 major contests but failed to capture Seoul, the most populous and politically significant region. Lee has expressed regrets over the ballot shortage, and is scheduled to hold a press conference on Monday to mark the first anniversary of his inauguration. Read more: South Korea’s Left-Wing Wins Big in Nationwide Vote, Loses Seoul The election commission said it underestimated the public’s strong interest in the vote, thus failing to ensure sufficient ballot papers, with its chairperson on Friday offering to resign. While it has apologized, the commission s...
Iryna Tolmachova/iStock Editorial via Getty Images Though the stock market has rallied to surprising fresh new highs in 2026, one of the most interesting features about this market is how quickly the tables have turned for previous momentum stocks that led the market's post-COVID charge. Shopify ( SHOP ), the e-commerce software platform, has seen its share price slide ~25% since the start of the ...
Iryna Tolmachova/iStock Editorial via Getty Images Though the stock market has rallied to surprising fresh new highs in 2026, one of the most interesting features about this market is how quickly the tables have turned for previous momentum stocks that led the market's post-COVID charge. Shopify ( SHOP ), the e-commerce software platform, has seen its share price slide ~25% since the start of the year. To be sure, many of these high-growth software stocks certainly had excess valuation premiums that needed to be burned off. And yet Shopify's recent Q1 earnings print showcased sharp acceleration in revenue and GMV trends. So, contrary to the narrative that AI is a potential threat to this business, Shopify is actually delivering improved performance. Amid the sharp YTD declines, it's a good time for us to revisit the bull case in this name. Data by YCharts I last wrote a buy article on Shopify in April, when the stock was trading near $120 per share. Since then, Shopify has traded roughly flat while the rest of the stock market has soared. At the same time, Shopify delivered what few companies were able to during the Q1 earnings season: revenue acceleration, which is impressive amid a weaker retail environment and offering stark proof that Shopify isn't going away anytime soon. I reiterate my buy rating here. As a reminder for investors who are newer to this stock, here are what I view to be the core elements of the bull case for Shopify: Shopify is achieving enormous growth at scale, which certifies its product as the gold standard in e-commerce enablement. Shopify has just crossed a >$12 billion annualized revenue run rate, and its growth rates aren't slowing down in the slightest, clocking in at ~35% revenue growth. It is the clear leader in digital storefronts, while smaller competitors like Commerce.com ( CMRC ) are exhibiting much weaker growth rates at a significantly reduced scale. Multiple monetization streams and no seat-based risk. In my view, the most dir...
SimonSkafar/E+ via Getty Images One company that has seen its share price hold up quite well as of late is Titan Machinery ( TITN ). This is actually a bit peculiar considering the market that it plays in and the fundamental weakness that the company has exhibited because of it. For those not familiar with the firm, it focuses on the agricultural industry. Specifically, it owns and operates a netw...
SimonSkafar/E+ via Getty Images One company that has seen its share price hold up quite well as of late is Titan Machinery ( TITN ). This is actually a bit peculiar considering the market that it plays in and the fundamental weakness that the company has exhibited because of it. For those not familiar with the firm, it focuses on the agricultural industry. Specifically, it owns and operates a network of full-service agricultural and construction equipment stores with locations spread throughout the US, Europe, and Australia. Most of its revenue comes from the agricultural sector, which has been absolutely decimated over the last year or so. But even when it comes to the construction space, the company is exhibiting some unfortunate weakness. That's why I am a bit surprised that, since I reaffirmed the business as a 'hold' candidate back in February of this year, shares have outperformed the market, rising 15.3% while the S&P 500 is up 10.9%. The unfortunate reality is that, right now at least, the firm is difficult to value. What's more, fundamentals are worsening, and I don't expect a recovery in the industry this year. Because of this, I actually believe that downgrading the stock from a 'hold' to a soft 'sell' makes sense here. Of course, I am always willing to admit that I could be wrong. The good news is that we will soon have more data with which to judge my overall thesis. I say this because, before the market opens on June 9th, management will be announcing financial results for the first quarter of the company's 2027 fiscal year. But honestly, the picture here doesn't look any better. In fact, analysts are expecting further fundamental deterioration. So unless management can come up with something big and unexpected, I really don't see myself changing my rating on it. Digging into Titan Machinery Author - SEC EDGAR Data This year, things really are not looking all that great for Titan Machinery. Take, if you will, the most recent quarter for the company. Th...
Golden Tempo with Jose Ortiz up, wins the 158th running of the Belmont Stakes with with Commandment and John Velazquez up finishing second at Saratoga Race Course on June 06, 2026 in Saratoga Springs, New York. Al Bello | Getty Images Sport | Getty Images Golden Tempo proved his Kentucky Derby win was no fluke by coming back Saturday to take the Belmont Stakes at Saratoga Race Course in Saratoga S...
Golden Tempo with Jose Ortiz up, wins the 158th running of the Belmont Stakes with with Commandment and John Velazquez up finishing second at Saratoga Race Course on June 06, 2026 in Saratoga Springs, New York. Al Bello | Getty Images Sport | Getty Images Golden Tempo proved his Kentucky Derby win was no fluke by coming back Saturday to take the Belmont Stakes at Saratoga Race Course in Saratoga Springs, N.Y. The win made Cherie DeVaux the second woman to train a winner in the third leg of horse racing's Triple Crown. The Saratoga Springs native joined Jena Antonucci, who won the race in 2023 with Arcangelo. DeVaux is the first female trainer to win two Triple Crown races. Commandment finished second, and Renegade, who was second to Golden Tempo by a neck last month at Churchill Downs, wound up third among the field of nine. The top three all ran in the Derby but opted to skip the May 16 Preakness Stakes, the second leg of the Triple Crown, because of the two-week break between the races. Similar to how he raced at the Derby, jockey Jose Ortiz rallied Golden Tempo from last to first with another strong stretch drive. However, Ortiz needed to do it without nearly the type of pace the frontrunners in the Derby provided. That meant the other horses in the race were fresher for the stretch run than they were in Louisville last month. However, the horse owned by Phipps Stable and Vincent and Teresa Viola, showed that did not matter. "I kind of wrongfully, probably, thought that because the way the race was run in the Derby, he was having to go out and prove himself," DeVaux told reporters. "We felt the best horse won the Kentucky Derby, and he just solidified that today." At the half-mile mark in the 1 1/4-mile race, Renegade, Commandment and Golden Tempo were in the back of the pack as Powershift led the way with Growth Equity close behind. Growth Equity moved into the lead as the horses entered the final turn. That's when Renegade, Commandment and Golden Tempo, who wer...