24K-Production/iStock via Getty Images I remember 2018 fondly, it was the year I began my career as an equities analyst. It was also the year that marijuana stocks were making moonshot gains every other week. Canada legalized marijuana for recreational use that year, and Wall Street anticipated that American federal legalization would be just around the corner. Today, about eight years later, fede...
24K-Production/iStock via Getty Images I remember 2018 fondly, it was the year I began my career as an equities analyst. It was also the year that marijuana stocks were making moonshot gains every other week. Canada legalized marijuana for recreational use that year, and Wall Street anticipated that American federal legalization would be just around the corner. Today, about eight years later, federal legalization might be closer than it was in 2018 but it’s not here yet. Despite that, I think NewLake Capital Partners ( NLCP ) is worth serious consideration for your dividend portfolio. And it’s not just because its yield is just shy of 12% at current prices. Though, that does make it pretty attractive to be perfectly honest. Let’s get into it. The Opportunity: Prohibition Nearing its End? NewLake isn’t one of the cannabis companies that popped in 2018 only to crash shortly thereafter. It’s a real estate investment trust or REIT that rents out retail properties to state-licensed cannabis companies. And even if investors might have jumped the gun in 2018 I do think federal legalization is coming, just more slowly than many hoped it would eight years ago. Because, despite still being illegal at the federal level, cannabis is now fully legal for adult use in 24 states, legal for medical use in 15 states, and the use of CBD for medical purposes is legal in 6 states. Only Kansas, Wyoming, and Idaho have no state-level laws on the books offering the drug greater legality than it has on the federal level. At the end of 2018, marijuana was only fully legal in 10 states so that number has more than doubled in the almost-decade since. NewLake Investor Presentation Beyond that, according to a Pew Research poll, 57% of American adults believe marijuana should be legal for both medical and recreational use while 32% of American adults think it should at least be legal for medical use. Only 11% of American adults think marijuana should remain totally banned. So, while the federal g...
Independent hardware stores and cooperative chains like Do it Best, Ace Hardware, and True Value Hardware face extreme competition from major big-box home improvement centers like Home Depot and Lowe's, which have resulted in the smaller competitors closing their stores when they can no longer ...
Independent hardware stores and cooperative chains like Do it Best, Ace Hardware, and True Value Hardware face extreme competition from major big-box home improvement centers like Home Depot and Lowe's, which have resulted in the smaller competitors closing their stores when they can no longer ...
U.S. trade panel opens patent probe into Hisense The U.S. International Trade Commission has opened a patent-infringement investigation into Chinese electronics maker Hisense and streaming platform Roku Inc. over certain display devices and media players. The case stems from a March 2 complaint by Las Vegas-based InnoTV Labs LLC. InnoTV alleges the companies violated Section 337 of the Tariff Act ...
U.S. trade panel opens patent probe into Hisense The U.S. International Trade Commission has opened a patent-infringement investigation into Chinese electronics maker Hisense and streaming platform Roku Inc. over certain display devices and media players. The case stems from a March 2 complaint by Las Vegas-based InnoTV Labs LLC. InnoTV alleges the companies violated Section 337 of the Tariff Act of 1930 by importing and selling products that infringe its patents. It is seeking limited exclusion and cease-and-desist orders. In addition to Roku, the investigation names six Hisense entities, including Hisense Visual Technology Co. Ltd. and Hisense USA Corp., as well as Purple Tag Media Technology operations in Shanghai, Guangdong and Mexico.
Andrii Dodonov/iStock via Getty Images The Janus Henderson AAA CLO ETF ( JAAA ) is an ETF managed by Janus Henderson Investors, focused on investing in high quality ( AAA ) Collateralized loan obligations to deliver a superb risk adjusted return. Janus Henderson has delivered a 3-year Sharpe ratio of 1.95, which is the most compelling point of this funds profile. Per the q4 2025 fact sheet , the f...
Andrii Dodonov/iStock via Getty Images The Janus Henderson AAA CLO ETF ( JAAA ) is an ETF managed by Janus Henderson Investors, focused on investing in high quality ( AAA ) Collateralized loan obligations to deliver a superb risk adjusted return. Janus Henderson has delivered a 3-year Sharpe ratio of 1.95, which is the most compelling point of this funds profile. Per the q4 2025 fact sheet , the fund has delivered an annual return of 7.05% over three years, with a standard deviation of just 1%. I am initiating JAAA with a buy rating and a 12-month forward expected TR of approx. 4.5%-5%, composed of roughly 4.0-4.2% in floating-rate income, and modest price appreciation of 0.3%-0.8% from rolldown of carry. This places JAAA approx. 100 bps above T-bill alternatives on an expected return level, with a fraction of the volatility found in traditional fixed income. The principal risk to this view is AAA CLO spread compression below S+100 bps, which would eliminate the premium that justifies holding structured credit over treasuries. A secondary risk is faster-than-expected fed easing, which would accelerate the income erosion from the floating-rate coupon reset mechanism (more on this later). With that said, due to JAAA's liquidity, track record, diversification, and risk adjusted return, I have decided to iterate a buy as an initial rating. Putting Risk Adjusted Return to Context To put JAAA’s risk-adjusted return into context, the maximum drawdown since inception is only –2.64%, which occurred on 07/19/2022, during the fastest rate-hike cycle in decades (colloquially called the interest rate shock of 2022). The fund has posted positive returns in every single calendar year since its inception in October of 2022, with +1.39% in 2021, 0.53% in 2022, 8.58% in 2023, 7.42% in 2024, and 5.16% in 2025, per the fact sheet. Against the peer set of short-duration income alternatives, JAAA dominates on a risk adjusted basis, as seen below: ETF 3Y Ann. Return Max Drawdown Expense R...
Energy challenges fail to curb expansion ambitions: Microsoft (MSFT.US) invests an additional $10 billion in Japan, partnering with SoftBank and Sakura to build AI cloud infrastructure. 富途牛牛
Energy challenges fail to curb expansion ambitions: Microsoft (MSFT.US) invests an additional $10 billion in Japan, partnering with SoftBank and Sakura to build AI cloud infrastructure. 富途牛牛
When a retailer operates at Walmart 's (NASDAQ: WMT) scale, it takes a lot to move the financial needle meaningfully. But the company's recent decision to raise membership prices at its Sam's Club warehouse chain serves as a useful reminder of how its underlying business model is evolving so that it can keep raising the bar despite its massive size. Beginning May 1, the cost of a standard Sam's Cl...
When a retailer operates at Walmart 's (NASDAQ: WMT) scale, it takes a lot to move the financial needle meaningfully. But the company's recent decision to raise membership prices at its Sam's Club warehouse chain serves as a useful reminder of how its underlying business model is evolving so that it can keep raising the bar despite its massive size. Beginning May 1, the cost of a standard Sam's Club membership will increase from $50 to $60 annually, while the premium Plus tier will rise from $110 to $120. While a $10 increase might not seem important to the bull case for Walmart stock, it points to a broader strategic transition for the company: Walmart is increasingly relying on higher-margin, faster-growing revenue streams to enhance its growth story. Image source: The Motley Fool. Continue reading