Marcus Millo/iStock via Getty Images The NASDAQ is now officially in correction territory, and the rest of the major indices aren’t too far behind. As war rages on in the Middle East and pushes up oil prices, investors seem to be looking for any and all reasons to sell stocks. This is the best time, in my view, to keep a cool head and deploy active portfolio management, in particular by increasing...
Marcus Millo/iStock via Getty Images The NASDAQ is now officially in correction territory, and the rest of the major indices aren’t too far behind. As war rages on in the Middle East and pushes up oil prices, investors seem to be looking for any and all reasons to sell stocks. This is the best time, in my view, to keep a cool head and deploy active portfolio management, in particular by increasing our allocation to beaten-down smaller-cap stocks that have more rebound swing potential. Arlo ( ARLO ), the maker of home security cameras, looks like an especially attractive play after falling slightly this year despite strong results. Data by YCharts I last wrote a buy article on Arlo in January, when the stock was trading closer to $14 per share. Since then, Arlo has managed to hang on to its value relatively better than many other small cap names. At the same time, it deserves gains fundamentally: ARR growth is soaring, subscription gross margins are feeding meaningful EBITDA and cash flow growth, and the company has disciplined inventory management after an apparent quarter of strong holiday sell through. I reiterate my buy rating here. As a reminder for the investors who are newer to Arlo, here is what I view to be the long-term bull case drivers for the company: Sticky subscriber base and greenfield market for expansion. Arlo is continuing to grow paid subscribers and total subscription ARR at north of a >20% y/y clip. It has a "long range plan" that it expects to achieve by 2030 that calls for 10 million paid subs, versus 5.7 million as of the end of FY25. Broad TAM. The company estimates its total addressable market in the U.S. alone is $25 billion, with a global market that is 2-3x that scale. Compared to the company's current ~$0.5 billion annual revenue scale, the company still has only low penetration into its industry. Improving margin profile. Arlo is utilizing a common playbook in the consumer tech industry: "subsidizing" its subscription business with low...
US Suffers Heavy Casualties In Iranian Strike On Saudi Base As Houthis Enter War With Missile Launches On Israel Summary Houthis enter the war: Houthis launch their first missile barrage on Israel since Operation Epic Fury. Red Sea shipping could once again be under direct threat. Serious US casualties in Saudi base assault: Iran fired six ballistic missiles and 29 drones at Saudi Arabia’s Prince ...
US Suffers Heavy Casualties In Iranian Strike On Saudi Base As Houthis Enter War With Missile Launches On Israel Summary Houthis enter the war: Houthis launch their first missile barrage on Israel since Operation Epic Fury. Red Sea shipping could once again be under direct threat. Serious US casualties in Saudi base assault: Iran fired six ballistic missiles and 29 drones at Saudi Arabia’s Prince Sultan air base in a Friday attack that wounded at least 15 troops: AP. Late-night strike targeted Bushehr Nuclear Power Plant (for third time of war). Gulf states under sustained fire, casualties mount: Six wounded in missile strike on Abu Dhabi; Bahrain intercepts waves of missiles and drones near the United States Fifth Fleet base; Kuwait reports damage to Mubarak Al-Kabeer Port and Shuwaikh Port. US expending billions on Operation Epic Fury : "Battle damage and replacement of losses over the first three weeks of the war likely costs roughly $1.4 billion to $2.9 billion": WSJ . * * * Houthis Enter the War The Houthis have finally entered the war, greatly raising the stakes on what's becoming a multi-front engagement, given Israel and Hezbollah have already been locked in a ground war in Lebanon. Overnight saw the Houthis send a barrage of missiles on Israel, which is the first such strike since the US began its Operation Epic Fury. Military spokesman for the Houthis, Brigadier-General Yahya Saree, announced the attack on Saturday on the group's Al Masirah satellite television, Al Jazeera has confirmed. Strikes "will continue until the declared objectives are achieved... and until the aggression against all fronts of the resistance ceases ," Saree said, confirming the Iran-aligned Yemeni group's entry into the war on Tehran's side. Reports: In addition to damaging several air refuelling tankers, the Iranian missile attack of Prince Sultan airbase in Saudi Arabia reportedly damaged an E-3 Sentry AWACS aircraft. USAF file image The Israeli side confirmed the assault out of ...
On March 11, 2026, LeMaitre Vascular (NASDAQ:LMAT) Senior Vice President, Operations, Trent G Kamke, reported the exercise and immediate sale of 2,625 shares of common stock for total proceeds of approximately $285,000, according to this SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($108.50); post-transaction value based on March 11, 2026, market close....
On March 11, 2026, LeMaitre Vascular (NASDAQ:LMAT) Senior Vice President, Operations, Trent G Kamke, reported the exercise and immediate sale of 2,625 shares of common stock for total proceeds of approximately $285,000, according to this SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($108.50); post-transaction value based on March 11, 2026, market close. * 1-year price change calculated using March 11, 2026, as the reference date. Continue reading
The average one-year price target for Repsol (BME:REP) has been revised to €21.07 / share. This is an increase of 18.88% from the prior estimate of €17.72 dated February 21, 2026. The price target is an average of many targets provided by analysts. The latest
The average one-year price target for Repsol (BME:REP) has been revised to €21.07 / share. This is an increase of 18.88% from the prior estimate of €17.72 dated February 21, 2026. The price target is an average of many targets provided by analysts. The latest
Feverpitched/iStock via Getty Images Introduction Kingfisher ( KGFHF ) ( KGFHY ) is a home improvement retailer operating in the UK, Ireland, France, Poland, and elsewhere and selling into both the DIY and trade businesses. Its brands include B&Q, Screwfix, Castorama and Brico Dépôt. It is the number one such retailer in the UK and number two in France. Company website The company’s fortunes have ...
Feverpitched/iStock via Getty Images Introduction Kingfisher ( KGFHF ) ( KGFHY ) is a home improvement retailer operating in the UK, Ireland, France, Poland, and elsewhere and selling into both the DIY and trade businesses. Its brands include B&Q, Screwfix, Castorama and Brico Dépôt. It is the number one such retailer in the UK and number two in France. Company website The company’s fortunes have been a mixed bag over the last few years, reflected in total growth in adjusted EPS of only 8.2% in the ten years from FY16 to the recently reported FY26 . This may come as a surprise to investors familiar with the equivalent US companies in this space, Home Depot ( HD ) and Lowe’s ( LOW ), which have respectively grown EPS by 161% and 334% in the same period. However, while there are many similarities between the sector in the US and Kingfisher, both end demand and the competitive landscape are different. Recently reported results reflect modest signs of consumer willingness to spend in the UK and also the steady impact of company efforts to emphasize the professional channel and e-commerce, including third party sales to leverage the company’s online presence. While all of this is encouraging, I believe the shares are already pricing this in and that the economic impact of the fighting in Iran will weigh on results for this year. I rate the shares Hold. Why Kingfisher is a little different from Home Depot In my opinion, it's worth briefly comparing and contrasting Kingfisher with the US duopoly to give some context, before then discussing each of the main segments and why I believe the shares will struggle to perform for the time being. At first glance, the similarities between Kingfisher’s core business and Home Depot and Lowe’s seem overwhelming. After all, Kingfisher principally uses large format stores in developed markets to sell into both the home improvement DIY and Do-It-For-Me (i.e. trade) markets. So far, so familiar. However, there are some key characteristics ...
The major stock indexes fell on Friday as investors weighed energy supply concerns amid the continued tightening of travel at the Strait of Hormuz, leading to certain names falling too hard, too fast for the week. The market downturn put some stocks across the consumer discretionary, industrials and technology sectors into oversold territory, potentially priming them for a near-term rebound. Among...
The major stock indexes fell on Friday as investors weighed energy supply concerns amid the continued tightening of travel at the Strait of Hormuz, leading to certain names falling too hard, too fast for the week. The market downturn put some stocks across the consumer discretionary, industrials and technology sectors into oversold territory, potentially priming them for a near-term rebound. Among the most oversold stocks was Meta , which faced two unfavorable outcomes in court last week, in addition to shedding staff. A stock qualifies as oversold when its relative strength index is below 30. Conversely, some stocks closed out the week in overbought territory. Overbought stocks are names that boast RSIs greater than 70. These names may be due for a pullback near term. Here are the most oversold and overbought S & P 500 stocks. Oversold stocks Meta nearly topped the list of oversold stocks last week after losing two major court cases, in addition to its latest round of layoffs . The stock has an RSI of 22.1, and it shed more than 11% this week. On Wednesday, a jury in California determined that Meta and YouTube were responsible for loading their social media platforms with addictive features that harmed the mental health of a minor. The court ordered Meta to pay $2.1 million in damages in connection with the case. A day earlier, a New Mexico jury also found Meta liable for making decisions that harmed its young users, sticking Meta with a $375 million bill. Meta also slashed headcount across its Facebook, global operations, recruiting, sales and Reality Labs divisions last week, CNBC reported. The cuts shored up investors' long-time anxieties over the impact of the technology giant's frequent and costly corporate strategy shifts. Other names in oversold territory are Estée Lauder Companies , Cintas and Lennox International . Overbought stocks Energy names filled out most of the spots on our list of overbought stocks. Topping the list was APA , an independent energy ...
Oskari Porkka/iStock via Getty Images Not that long ago, I published a bearish article on FS KKR Capital Corp. ( FSK ), elaborating on the key drivers behind my decision to throw in the towel. Almost 4 weeks have passed, and performance-wise there has not been any major news other than that the share price is a bit lower due to the recent dividend payment of $0.48 per share ($0.03 per share of tha...
Oskari Porkka/iStock via Getty Images Not that long ago, I published a bearish article on FS KKR Capital Corp. ( FSK ), elaborating on the key drivers behind my decision to throw in the towel. Almost 4 weeks have passed, and performance-wise there has not been any major news other than that the share price is a bit lower due to the recent dividend payment of $0.48 per share ($0.03 per share of that came from a supplemental distribution): YCharts As a result of the ~4% share price decrease, the discount has dropped below the 50% mark - i.e., the P/NAV stands at 0.49x, which means that FSK is one of the cheapest BDCs out there. However, two major things have happened that are definitely worth contextualizing with FSK's case. First, the credit rating agency Moody's has recently downgraded FSK from investment grade to junk. Second, the probabilities for near-term interest rate cuts have faded , and instead what we have is an interesting debate about whether the Fed could bump up the rates to manage the inflationary headwinds from soaring oil prices ( CL1:COM ). Both of these things have a significant impact on FSK's equity story. Let me flesh this out in the article below. Thesis review I will start with Moody's decision to notch down FSK's credit rating. We can find more details here , but the key driver was the asset quality issue. It is important to understand that the elevated non-accruals are not the only ones, which contribute to this issue. The other two aspects that play an equally important role are: Loan book, which is heavily tilted (~42% of the portfolio ) to below first-lien securities (e.g., second-lien, subordinated debt, etc.). Above-average PIK income, which raises concerns about FSK's prospects to actually convert these proceeds into cash upon PIK loan maturities. If things go south in the economy and we do indeed experience a downturn in the credit cycle, it is clear that exactly non-first lien and PIK-linked positions will be first in line to fall un...
Arkadiy_Yarmolenko/iStock Editorial via Getty Images Karman Holdings ( KRMN ) is strongly positioned as an aerospace and defense supplier with subsystem-level knowledge on rockets, missiles, and hypersonics. This puts the company in a crucial position to support and benefit from growing demand in the missile, missile defense, air defense, and space markets. While I do recognize the strong position...
Arkadiy_Yarmolenko/iStock Editorial via Getty Images Karman Holdings ( KRMN ) is strongly positioned as an aerospace and defense supplier with subsystem-level knowledge on rockets, missiles, and hypersonics. This puts the company in a crucial position to support and benefit from growing demand in the missile, missile defense, air defense, and space markets. While I do recognize the strong positioning in these growing parts of the market, I did not like Karman Holdings as an investment since its valuation appeared stretched. The stock has now fallen 26.3% since my last report, and that provides a good moment to revisit the stock and see if it needs to be upgraded from hold to buy. Karman Holdings Earnings Show Its Strong Strategic Positioning Karman Space And Defense During the fourth quarter, sales grew 47% to $134.5 million, with gross profit increasing 54% to $53.6 million, with margins growing from around 38% to 40%. Hypersonic revenues grew 42% to $48 million on growth in strategic missile programs, progress on the Next-Generation Interceptor, or NGI, higher volumes on classified programs, and increased activity on hypersonic test beds. Space & Launch sales grew 25% to $36 million, driven by order timing and support for launch providers. Tactical Missile & Integrated Defense Systems sales grew 77% to $50 million, driven by demand for drones, loitering munitions, and increased production rates for the GMLRS or Guided Multiple Launch Rocket System, developed by Lockheed Martin ( LMT ). EBITDA grew 59% to $42 million, with margins increasing 2.3 points to 31.2%. For the full year, sales rose 37% to $471.5 million, with gross profits increasing 44% to $190 million. Hypersonic sales increased 31% to $150 million, Tactical Missile and Integrated Defense Systems sales rose 49% to $172 million, and Space & Launch sales grew 30% to $150 million. Sales growth was broadly supported by increasing space demand, drones and missiles, and missile defense through the AIM-9X, THA...
The average one-year price target for Zhejiang Jingsheng Mechanical & Electrical Co. (SZSE:300316) has been revised to CN¥46.75 / share. This is an increase of 20.53% from the prior estimate of CN¥38.79 dated February 21, 2026. The price target is an average o
The average one-year price target for Zhejiang Jingsheng Mechanical & Electrical Co. (SZSE:300316) has been revised to CN¥46.75 / share. This is an increase of 20.53% from the prior estimate of CN¥38.79 dated February 21, 2026. The price target is an average o
StevanZZ/iStock via Getty Images Enterprise Products Partners L.P. ( EPD ) is a midstream master limited partnership that owns and operates a network of crude oil, natural gas, natural gas liquids, and refined products transportation infrastructure that covers much of the continental United States. The company is one of the largest midstream master limited partnerships in the nation, and it is one...
StevanZZ/iStock via Getty Images Enterprise Products Partners L.P. ( EPD ) is a midstream master limited partnership that owns and operates a network of crude oil, natural gas, natural gas liquids, and refined products transportation infrastructure that covers much of the continental United States. The company is one of the largest midstream master limited partnerships in the nation, and it is one of the most popular ones among investors on Seeking Alpha. One possible reason for this is that the company has a relatively high 5.63% distribution yield and a history of maintaining or growing its distribution over time. In fact, Enterprise Products Partners was one of the only midstream partnerships that did not cut its distributions in the aftermath of the 2014 oil bear market or the 2020 COVID-19 pandemic. Furthermore, the company’s distributions are tax-advantaged, which may be a very attractive characteristic for investors who happen to be in a high tax bracket. Furthermore, the company's units are likely to outperform as long as the hostilities in Iran continue to disrupt shipping through the Strait of Hormuz and destroy energy infrastructure throughout the Middle East. As such, Enterprise Products Partners may be worth considering for a portfolio today. Thesis Summary Oil prices have risen substantially since the outbreak of hostilities between Iran, Israel, and the United States. This is largely due to the Iranians disrupting shipping traffic through the Strait of Hormuz, a narrow waterway through which 20% to 25% of all oil consumed worldwide flows. It is unclear when shipping traffic through this region will be normalized, but it is unlikely that oil prices will decline immediately even once it is. This conclusion is due to the fact that Iran has been using missiles and drones to destroy the energy infrastructure of other Middle Eastern states, and it will take a long time to rebuild this infrastructure. Enterprise Products Partners could be very well positione...