TMZ is expanding to Washington DC, looking to politicians accountable to their constituents. TMZ Executive Producer Harvey Levin joins Christina Ruffini on Bloomberg This Weekend to discuss the latest venture. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
TMZ is expanding to Washington DC, looking to politicians accountable to their constituents. TMZ Executive Producer Harvey Levin joins Christina Ruffini on Bloomberg This Weekend to discuss the latest venture. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
SCM Jeans/iStock Editorial via Getty Images Cargojet ( CGJTF , CJT:CA ) is one of the companies that I like. As an enabler of express deliveries in Canada, the company is positioned well to benefit from growing e-commerce sales while its business includes some shielding against cost and demand fluctuations. However, since my last report, the stock has fallen 10.7%, underperforming the S&P 500’s 4....
SCM Jeans/iStock Editorial via Getty Images Cargojet ( CGJTF , CJT:CA ) is one of the companies that I like. As an enabler of express deliveries in Canada, the company is positioned well to benefit from growing e-commerce sales while its business includes some shielding against cost and demand fluctuations. However, since my last report, the stock has fallen 10.7%, underperforming the S&P 500’s 4.1% loss. In this report, I discuss the various shielding mechanisms that Cargojet has but also highlight a major reason why the company’s earnings may still substantially fluctuate, and I update my price target. Even With Shield Mechanisms Cargojet Stock is Under Pressure Cargojet has been facing some pressures for a year. The global trade war does not directly impact Cargojet’s activities between the US and Canada, and that is for the simple reason that most of the goods cross the borders by rail and road. However, the company is facing some challenges as the part of the business where the company provides aircraft, crew, maintenance, and insurance saw a shift from transatlantic flights to shorter flights to South America driven by capacity allocation being tweaked by ACMI customers on-demand changes in trade lanes. The result has been that the company’s airplanes in the ACMI network are flying fewer block hours, rendering a lower compensation. The elimination of the de minimis exemption also had a volume impact on the business in Canada. Cargojet has tried to reduce any negative impact by opening new routes. We can now add a new pressure to that, and that is the war in Iran, which has resulted in higher oil prices and higher freight rates but also an uncertainty about economic growth prospects. In the domestic network, the company has several mechanisms in play through minimum guarantees, fuel pass-through, and inflation corrections. So, even with higher energy prices increasing the cost of operations and potentially resulting in inflation increasing, there is some shield...
The conflict in the Middle East has led to an unexpected target: American tech giants. Iran's Revolutionary Guard Corps (IRGC) said it plans to target the operations of U.S. technology companies within the Middle East, and it named most of the Magnificent Seven companies and other widely recognized enterprises. These companies should take this threat seriously as the IRGC has already attacked some...
The conflict in the Middle East has led to an unexpected target: American tech giants. Iran's Revolutionary Guard Corps (IRGC) said it plans to target the operations of U.S. technology companies within the Middle East, and it named most of the Magnificent Seven companies and other widely recognized enterprises. These companies should take this threat seriously as the IRGC has already attacked some of Amazon 's (NASDAQ: AMZN) data centers. Indeed, such attacks could slow the growth of tech companies, forcing them to either spend more to maintain operations or possibly leave the region altogether. Nonetheless, the more critical question for shareholders is how much such attacks affect tech stocks . Here is what investors should keep in mind, particularly with three of the top tech companies. Continue reading
Rising Communications President and Atlantic Council's Eurasia Center Nonresident Senior Fellow Leslie Shedd and Former Senior Adviser for Political Engagement under President Biden and Principal of Causeway Strategy John W. McCarthy join Christina Ruffini and Joe Mathieu on Bloomberg This Weekend for a wide-ranging conversation on the latest political news. Watch the show LIVE every Saturday and ...
Rising Communications President and Atlantic Council's Eurasia Center Nonresident Senior Fellow Leslie Shedd and Former Senior Adviser for Political Engagement under President Biden and Principal of Causeway Strategy John W. McCarthy join Christina Ruffini and Joe Mathieu on Bloomberg This Weekend for a wide-ranging conversation on the latest political news. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Fifth Third Bancorp ( FITB ) is the Ohio-based holding company that owns the Fifth Third Bank, with more than $200 billion in assets on its balance sheet. The bank operates over 1,100 full-service banking centers, while its investment advisory businesses have close to $700 billion in assets under care before taking the recent ac...
RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Fifth Third Bancorp ( FITB ) is the Ohio-based holding company that owns the Fifth Third Bank, with more than $200 billion in assets on its balance sheet. The bank operates over 1,100 full-service banking centers, while its investment advisory businesses have close to $700 billion in assets under care before taking the recent acquisition of Comerica into account. Last year, I focused on the preferred stock issued by this bank , and now we see an increasing pressure on fixed-income securities. I wanted to take a look and see if the bank’s preferred securities are now offering an acceptable risk/reward ratio. Data by YCharts The Preferred Dividends Enjoy a Solid Coverage Ratio During 2025, the bank recorded a total interest income of just over $9.9 billion , and although this represented a decrease of approximately 5% compared to the FY 2024 interest income, the interest expenses decreased at a faster pace, both in absolute numbers as well as expressed as a percentage. The almost $880 million decrease in the interest expenses resulted in a robust 6% increase in the net interest income, which jumped to just shy of $6 billion. FITB Investor Relations Although the net interest income is an important part of the bank’s ability to generate a strong earnings result, it is good to see its non-interest income is increasing as well. I’m mainly pleased with the continued growth in the fees related to the wealth and asset management division. These elements resulted in a pre-provision and pre-tax income of just under $3.9 billion. And while the total amount of loan loss provisions has increased to the highest level in a few years' time, the $662 million remains very manageable, as it represents just 1/6 of the total pre-tax and pre-provision income. The total net income came in at $2.52 billion, which, of course, was more than sufficient to cover the $146 million in preferred dividends. This means the total ne...
格隆汇4月5日｜中东问题学者Mohammad Ali Shabani在接受采访时表示，他认为美国总统特朗普已准备兑现其打击伊朗关键基础设施的威胁，这将带来地区局势严重升级的风险。伊朗方面则通过对科威特基础设施发动攻击，向美国传递其“不会退缩”的信号。他补充称：“当前局势某种程度上类似一场对峙，双方都没有能够体面退场的路径。在这种情况下，我认为未来24小时内地区出现严重升级的可能性很高。”
格隆汇4月5日｜中东问题学者Mohammad Ali Shabani在接受采访时表示，他认为美国总统特朗普已准备兑现其打击伊朗关键基础设施的威胁，这将带来地区局势严重升级的风险。伊朗方面则通过对科威特基础设施发动攻击，向美国传递其“不会退缩”的信号。他补充称：“当前局势某种程度上类似一场对峙，双方都没有能够体面退场的路径。在这种情况下，我认为未来24小时内地区出现严重升级的可能性很高。”
Sundry Photography/iStock Editorial via Getty Images Earlier this year, I reiterated my buy rating on Broadcom Inc. ( AVGO ) citing AI-fueled growth, strong guidance, and a valuation that had contracted. This was a bullish setup, but as you can see in the chart below, ultimately there have been some moderate declines seen since then. Broadcom reported their latest numbers last month, and with the ...
Sundry Photography/iStock Editorial via Getty Images Earlier this year, I reiterated my buy rating on Broadcom Inc. ( AVGO ) citing AI-fueled growth, strong guidance, and a valuation that had contracted. This was a bullish setup, but as you can see in the chart below, ultimately there have been some moderate declines seen since then. Broadcom reported their latest numbers last month, and with the semiconductor industry constantly advancing and shifting, I believe that it is time to provide readers with another update now. By the end of this article, I aim to provide a fresh investment thesis for the stock. Seeking Alpha Below, it is shown that AI continues to drive growth for Broadcom. Both AI and company-wide growth accelerated for Q1 while adjusted EBITDA margin remained unchanged to show off solid profitability. Looking forward, guidance for Q2 is impressive, and targets for 2027 are ambitious. While there are some risks in the form of capacity constraints, the valuation slide is creating more and more opportunity for long term investors. Broadcom stock has undeniably been mostly dead money now for months, but at this point, I believe it could be ready to wake up again soon. Therefore, I'm reiterating my buy rating. Growth Continues To Reaccelerate Data by YCharts Let's start with a look at Broadcom's top line performance. For their FY2026 Q1 , the company reported revenues of $19.311 billion, up 29% YoY. You can see in the above chart that this is another acceleration of growth. The inflection point that happened a few quarters ago is now all but confirmed, and that is encouraging after a steep growth slowdown seen in the year-ago quarter. Overall, the company's business trajectory now seems to be robust. We will talk about some potential supply constraint risks later in this article, but as of now activity has held up respectably. With the company having beat top line expectations by $171.52 million, Q1 was a quarter of nice outperformance. Things are perhaps e...
Sundry Photography/iStock Editorial via Getty Images Earlier this year, I reiterated my buy rating on Broadcom Inc. ( AVGO ) citing AI-fueled growth, strong guidance, and a valuation that had contracted. This was a bullish setup, but as you can see in the chart below, ultimately there have been some moderate declines seen since then. Broadcom reported their latest numbers last month, and with the ...
Sundry Photography/iStock Editorial via Getty Images Earlier this year, I reiterated my buy rating on Broadcom Inc. ( AVGO ) citing AI-fueled growth, strong guidance, and a valuation that had contracted. This was a bullish setup, but as you can see in the chart below, ultimately there have been some moderate declines seen since then. Broadcom reported their latest numbers last month, and with the semiconductor industry constantly advancing and shifting, I believe that it is time to provide readers with another update now. By the end of this article, I aim to provide a fresh investment thesis for the stock. Seeking Alpha Below, it is shown that AI continues to drive growth for Broadcom. Both AI and company-wide growth accelerated for Q1 while adjusted EBITDA margin remained unchanged to show off solid profitability. Looking forward, guidance for Q2 is impressive, and targets for 2027 are ambitious. While there are some risks in the form of capacity constraints, the valuation slide is creating more and more opportunity for long term investors. Broadcom stock has undeniably been mostly dead money now for months, but at this point, I believe it could be ready to wake up again soon. Therefore, I'm reiterating my buy rating. Growth Continues To Reaccelerate Data by YCharts Let's start with a look at Broadcom's top line performance. For their FY2026 Q1 , the company reported revenues of $19.311 billion, up 29% YoY. You can see in the above chart that this is another acceleration of growth. The inflection point that happened a few quarters ago is now all but confirmed, and that is encouraging after a steep growth slowdown seen in the year-ago quarter. Overall, the company's business trajectory now seems to be robust. We will talk about some potential supply constraint risks later in this article, but as of now activity has held up respectably. With the company having beat top line expectations by $171.52 million, Q1 was a quarter of nice outperformance. Things are perhaps e...
Richard Drury/DigitalVision via Getty Images In a volatile market, the best trait for any investor is to be agile. This is not a time for passive stock investing and hoping that a rising tide will lift all boats: the choppy macroeconomy and investors' risk-off attitude mean that there will be a wider divergence between winning and losing stocks this year. Zillow ( Z ) is a company on which I've ch...
Richard Drury/DigitalVision via Getty Images In a volatile market, the best trait for any investor is to be agile. This is not a time for passive stock investing and hoping that a rising tide will lift all boats: the choppy macroeconomy and investors' risk-off attitude mean that there will be a wider divergence between winning and losing stocks this year. Zillow ( Z ) is a company on which I've changed my mind and done a 180-degree flip, based on the latest news. The real estate data giant remains a lightning rod for pessimism this year, with its stock down ~40% since the start of the year. That said, I believe the tide is turning in Zillow's favor, and that the stock has reached its near-term bottom. Data by YCharts I last wrote a neutral article on Zillow in February, when the stock was trading at $45 per share. Since then, two major factors have shifted in the company's favor. First, Compass ( COMP ) has dropped its longstanding lawsuit against Zillow, removing a major uncertainty in the company's near-term horizon. Second, Zillow's stock itself has continued to plummet (though not as much as Compass has) while the company announced a substantive new buyback program. With both of these items considered, I'm upgrading my viewpoint on Zillow to buy. Compass is showing chinks in its armor Let's first start with a discussion of how Zillow's battle against Compass has evolved. As a brief history for investors who are unfamiliar with the two companies' clash, Compass raised Zillow's ire by emphasizing its use of "pocket listings," which are private listings that Compass agents selectively market to a pool of qualified buyers, bypassing the MLS. Zillow's bread and butter has long been to scour MLS data to show homebuyers the most complete picture of available inventory in the market. Compass has grown larger and larger via acquisitions (most recently swallowing Anywhere Real Estate, the parent company of Coldwell Banker and Century 21, to become the undisputed largest b...