https://www.fotogestoeber.de/iStock via Getty Images PDI CEF: previous thesis and new catalysts I last analyzed the PIMCO Dynamic Income Fund ( PDI ) on Jan 13 with an article titled “2 Charts Show Why I Favor PDI Over GOF.” The article rated PDI as a hold after examining its portfolio exposure. Indeed, the fund has outperformed both GOF and other close peers since then by a noticeable margin. For...
https://www.fotogestoeber.de/iStock via Getty Images PDI CEF: previous thesis and new catalysts I last analyzed the PIMCO Dynamic Income Fund ( PDI ) on Jan 13 with an article titled “2 Charts Show Why I Favor PDI Over GOF.” The article rated PDI as a hold after examining its portfolio exposure. Indeed, the fund has outperformed both GOF and other close peers since then by a noticeable margin. For the funds shown in the chart below, PDI is the only one in the group posting a positive total return of 3.35% as of YTD. The Guggenheim Strategic Opportunities Fund ( GOF ) has experienced the most substantial struggle among this cohort, losing almost 10%. Seeking Alpha Besides the above price changes, a few other notable changes have also emerged since my last writing, both of relevance to PDI and high-income funds. In the remainder of this article, I will focus on the top ones on my list, including the changes in interest rate outlook and also the fund’s latest Undistributed Net Investment Income (UNII) report. After examining these changes, my key takeaways are twofold: 1) these changes have left me with an overall unfavorable impression of these funds, and 2) PDI remains the better positioned one in my assessment, leading to a reiteration of my hold rating. Let me start with the elephant in the room: the changes in our interest rate outlook. Due to a variety of reasons, the interest outlook has shifted dramatically in the past months, as shown in the chart below. To wit, the CME Group FedWatch Tool compares the current odds of rate cuts by December 2026 vs. those from a month ago. As seen, a month ago, the market saw 2 cuts in 2026 as the most likely scenario with a probability of 32.5%. In contrast, the market now sees only 1 cut or no cut at all as the most likely scenarios, both with a probability of around 40%. These are certainly good reasons behind this shift, such as the latest core PCE inflation (which rose 3.1% Y/Y in January and was hotter than expected) and ...
By the time you retire, the idea of working might seem unappealing. But some seniors prefer to work part-time, whether to boost their income or simply have something to do. If you're collecting Social Security, you should know that you're allowed to hold down a job at the same time, whether it's part-time, full-time, or freelance. But you should also know that having a job could have a positive ef...
By the time you retire, the idea of working might seem unappealing. But some seniors prefer to work part-time, whether to boost their income or simply have something to do. If you're collecting Social Security, you should know that you're allowed to hold down a job at the same time, whether it's part-time, full-time, or freelance. But you should also know that having a job could have a positive effect on your Social Security benefits or a negative one, depending on your situation. Be mindful of Social Security's earnings test The monthly Social Security benefit you get in retirement is calculated based on your personal wage history. Once you reach full retirement age, you're entitled to that benefit without a reduction. This is an important thing to know, because you can claim Social Security once you turn 62. But for people born in 1960 or later, full retirement age doesn't arrive until 67. Another thing you should know is that Social Security has an earnings test that applies to people who work while collecting benefits. Once you reach full retirement age, you won't be subject to it. But if you're working part-time while receiving benefits before full retirement age, the earnings test will apply. The earnings-test limits change yearly. But if you exceed them, you risk having Social Security benefits withheld. This year, if you won't be reaching full retirement age by Dec. 31, you can earn up to $24,480 without having any benefits withheld. Beyond that limit, you'll have $1 in Social Security withheld per $2 of earnings. If you will be reaching full retirement age by Dec. 31, you can earn up to $65,160 without having benefits withheld. Beyond that limit, you'll have $1 in Social Security withheld per $3 of earnings. Withheld benefits for exceeding the earnings test aren't forfeited. Once you reach full retirement age, your monthly benefit will be recalculated. And your withheld benefits will be repaid in the form of larger monthly checks. In the near term, though, ...
Andrii Dodonov/iStock via Getty Images Market review and outlook Global equities registered solid gains in the fourth quarter, helping the major, broad-based indexes record their third consecutive year of double-digit returns. Performance was uneven over the first half of the quarter due to concerns that AI-related stocks were in a bubble, but the market staged an impressive rebound and went on to...
Andrii Dodonov/iStock via Getty Images Market review and outlook Global equities registered solid gains in the fourth quarter, helping the major, broad-based indexes record their third consecutive year of double-digit returns. Performance was uneven over the first half of the quarter due to concerns that AI-related stocks were in a bubble, but the market staged an impressive rebound and went on to achieve new all-time highs by year-end. A continued decline in inflation enabled the U.S. Federal Reserve to enact two quarter-point interest rate cuts, boosting sentiment. In addition, corporate earnings were robust and world economic growth remained positive. Emerging- and developed-market international equities outperformed the United States, continuing a trend that was in place for the full year. Within the U.S. market, the value style outpaced growth as investors rotated toward opportunities outside of AI-related stocks. Global bonds logged only slightly positive total returns amid a growing consensus that most central banks were largely finished easing policy. Credit-oriented market segments continued to outperform, primarily as a result of their yield advantage. Contributors and detractors The fund's overweight in equities versus bonds contributed to relative performance. A position in a real assets portfolio contributed to results in equities. Metals and mining stocks, which performed very well in the quarter thanks to impressive rallies in both precious and industrial metals, were a key contributor. An overweight in emerging-market stocks, the best-performing segment of the global equity markets in the quarter, was a further plus. On the other hand, the allocation to defensive equities was a modest detractor at a time in which more speculative stocks were in favor. An overweight in U.S. mid caps also cost the fund some relative performance. Positioning in fixed income had a neutral effect on results. An allocation to emerging-market bonds performed very well, as t...
ismagilov The U.S. government on Wednesday urged companies to bolster security for Microsoft’s ( MSFT ) endpoint management tool following last week’s cyberattack on medical device maker Stryker Corp. ( SYK ). The March 11 cyberattack hit Stryker's computer systems, causing widespread disruption to its business, including its ability to process orders, make products, and ship them to customers. ...
ismagilov The U.S. government on Wednesday urged companies to bolster security for Microsoft’s ( MSFT ) endpoint management tool following last week’s cyberattack on medical device maker Stryker Corp. ( SYK ). The March 11 cyberattack hit Stryker's computer systems, causing widespread disruption to its business, including its ability to process orders, make products, and ship them to customers. The company said it had experienced a global disruption to its Microsoft environment. The Cybersecurity and Infrastructure Security Agency (CISA) said it is aware of malicious cyber activity targeting endpoint management systems of U.S. organizations, based on the Stryker attack. CISA urged companies to harden endpoint management system configurations, implementing Microsoft's best practices to secure Microsoft Intune, a tool that manages user access, devices, and applications across organizations. CISA is conducting enhanced coordination with federal partners, including the Federal Bureau of Investigation, to identify additional threats and determine mitigation actions. Bloomberg News reported on Wednesday that the cyberattack on Stryker has delayed surgeries for some patients. More on Microsoft, Stryker Microsoft's Transition Creates A Generational Buying Opportunity Stryker: Struck By Cyber Concerns Microsoft Is On Sale: 5 Reasons To Buy Now The hyperscalers are ‘too big to fail’ – analyst Microsoft, Oracle seen as benefiting from AI, while Adobe, Docusign at risk: Jefferies
ismagilov The U.S. government on Wednesday urged companies to bolster security for Microsoft’s ( MSFT ) endpoint management tool following last week’s cyberattack on medical device maker Stryker Corp. ( SYK ). The March 11 cyberattack hit Stryker's computer systems, causing widespread disruption to its business, including its ability to process orders, make products, and ship them to customers. ...
ismagilov The U.S. government on Wednesday urged companies to bolster security for Microsoft’s ( MSFT ) endpoint management tool following last week’s cyberattack on medical device maker Stryker Corp. ( SYK ). The March 11 cyberattack hit Stryker's computer systems, causing widespread disruption to its business, including its ability to process orders, make products, and ship them to customers. The company said it had experienced a global disruption to its Microsoft environment. The Cybersecurity and Infrastructure Security Agency (CISA) said it is aware of malicious cyber activity targeting endpoint management systems of U.S. organizations, based on the Stryker attack. CISA urged companies to harden endpoint management system configurations, implementing Microsoft's best practices to secure Microsoft Intune, a tool that manages user access, devices, and applications across organizations. CISA is conducting enhanced coordination with federal partners, including the Federal Bureau of Investigation, to identify additional threats and determine mitigation actions. Bloomberg News reported on Wednesday that the cyberattack on Stryker has delayed surgeries for some patients. More on Microsoft, Stryker Microsoft's Transition Creates A Generational Buying Opportunity Stryker: Struck By Cyber Concerns Microsoft Is On Sale: 5 Reasons To Buy Now The hyperscalers are ‘too big to fail’ – analyst Microsoft, Oracle seen as benefiting from AI, while Adobe, Docusign at risk: Jefferies
Asset Dedication LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,625 shares of the computer hardware maker's stock after selling 5,131 shares during the quarter. NVIDIA accounts for approximately 1.4% of Asset ...
Asset Dedication LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,625 shares of the computer hardware maker's stock after selling 5,131 shares during the quarter. NVIDIA accounts for approximately 1.4% of Asset Dedication LLC's holdings, making the stock its 12th largest position. Asset Dedication LLC's holdings in NVIDIA were worth $20,454,000 at the end of the most recent quarter. A number of other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC bought a new position in shares of NVIDIA in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC grew its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter worth about $40,000. Sellwood Investment Partners LLC bought a new position in NVIDIA in the third quarter worth about $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in NVIDIA in the second quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors. Get NVIDIA alerts: Sign Up NVIDIA Stock Down 0.8% Shares of NVIDIA stock opened at $180.40 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The business's fifty day moving average price is $184.97 and its two-hundred day moving average price is $184.15. The company has a market capitalization of $4.38 trillion, a P/E ratio of 36.82, a PEG ratio of 0.62 and a beta of 2.33. NVIDIA ...
Earnings Call Insights: Micron Technology, Inc. (MU) Q2 2026 Management View CEO Sanjay Mehrotra highlighted an exceptional quarter, with "quarterly revenue nearly tripled versus 1 year ago, and revenue for DRAM, NAND, HBM and each business unit reached new highs." He announced that "our fiscal Q3 single quarter revenue guidance exceeds the full year revenue for every year in our company's history...
Earnings Call Insights: Micron Technology, Inc. (MU) Q2 2026 Management View CEO Sanjay Mehrotra highlighted an exceptional quarter, with "quarterly revenue nearly tripled versus 1 year ago, and revenue for DRAM, NAND, HBM and each business unit reached new highs." He announced that "our fiscal Q3 single quarter revenue guidance exceeds the full year revenue for every year in our company's history through fiscal 2024." Mehrotra also reported a "30% increase in our quarterly dividend" and emphasized the impact of AI, describing memory as "a defining strategic asset in the AI era." Micron signed its first 5-year Strategic Customer Agreement (SCA), which Mehrotra explained provides "improved visibility and stability in our business model" and customer commitments over a multi-year timeframe. Notable product milestones included the industry-leading ramp of the 1-gamma DRAM node and G9 NAND, with expectations that "1-gamma to become the highest volume node in Micron's history" and G9 NAND to constitute a majority of bits by mid-calendar 2026. Mehrotra highlighted volume shipments of HBM4 for NVIDIA Vera Rubin and announced that HBM4E is expected to ramp volume in calendar 2027, building on the company's technology leadership. CFO Mark Murphy stated, "Micron delivered strong financial results for the fiscal second quarter. with revenue, gross margin and EPS, all exceeding the high end of our guidance. In fiscal Q2, we generated record free cash flow, reduced our debt and closed the quarter with the highest net cash position in our history." Outlook Murphy guided for fiscal Q3 revenue of "$33.5 billion, plus or minus $750 million; gross margin to be approximately 81%" and record EPS of "$19.15 per share, plus or minus $0.40." Operating expenses are expected to remain at approximately $1.4 billion. Murphy said, "We expect higher price, lower cost and favorable mix to all contribute to gross margin expansion in Q3." Management expects fiscal 2026 CapEx to exceed $25 billion,...