Meta Platforms, Inc. (NASDAQ:META) ranks among the stocks to invest in before they split next. On April 23, Guggenheim reaffirmed its Buy rating and $850 price target for Meta Platforms, Inc. (NASDAQ:META), citing strong ad revenue growth and AI developments. Guggenheim anticipates revenue growth of more than 23% in each quarter through 2026, driven by […]
Meta Platforms, Inc. (NASDAQ:META) ranks among the stocks to invest in before they split next. On April 23, Guggenheim reaffirmed its Buy rating and $850 price target for Meta Platforms, Inc. (NASDAQ:META), citing strong ad revenue growth and AI developments. Guggenheim anticipates revenue growth of more than 23% in each quarter through 2026, driven by […]
wingedwolf/iStock via Getty Images BNY Mellon Strategic Municipals, Inc. ( LEO ) is a closed-end fund, primarily deploying their assets on municipal bonds, which typically are tax exempted in the hands of investors. The company is registered under the Investment Company Act, 1940 and has a core objective of maximizing current income to the extent possible while investing in muni bonds. The fund ha...
wingedwolf/iStock via Getty Images BNY Mellon Strategic Municipals, Inc. ( LEO ) is a closed-end fund, primarily deploying their assets on municipal bonds, which typically are tax exempted in the hands of investors. The company is registered under the Investment Company Act, 1940 and has a core objective of maximizing current income to the extent possible while investing in muni bonds. The fund has a fairly long operating history and currently manages around ~$498 million in net assets. However, due to the fund being able to exercise a certain amount of leverage in its investment mandate, the gross assets managed under the fund happen to be around ~$637 million. The present average effective duration stands at ~11.84 years and therefore the fund possesses a certain level of sensitivity to interest rates. Fund Facts (Author's Calculations - Public Info/Fund Webpages, Factsheets) The current SEC yield stands at ~4.81%, broadly in line with the fund's annualized distribution rate of ~4.96%. For a taxable investor, especially one in the maximum tax bracket, these correspond to taxable-equivalent yields of ~8.13% This makes them highly attractive versus other fixed-income vehicles. At the same time, however, considering the fact that long-term treasury rates also happen to be around ~4.96%, an investor who has a low taxable bracket or the prospect of holding securities in a tax-exempt account would be better off purchasing US Treasuries instead. The proposition to municipal bonds makes sense primarily on the basis of their tax status. In other words, credit spreads in these bonds do not provide any meaningful investment case, at large, for the issue. Tax Equivalent Yield (Fund Webpage) Portfolio & Recent Performances The portfolio of the fund primarily consists of municipal bonds issued by state and local governments, with a credit exposure spread across investment-grade (largely A and BBB) but also a meaningful allocation to certain lower-rated and not-rated issues. By ...
LewisTsePuiLung/iStock Editorial via Getty Images Summary On April 21, I wrote a bull case on Melco ( MLCO ), highlighting that its margins are resilient in the face of extreme competition in Macau. Melco's 1Q26 results proved my thesis correct, as its adjusted property EBITDA margins grew on a YoY basis, as management, while engaging in price competition, is usually not the most aggressive compar...
LewisTsePuiLung/iStock Editorial via Getty Images Summary On April 21, I wrote a bull case on Melco ( MLCO ), highlighting that its margins are resilient in the face of extreme competition in Macau. Melco's 1Q26 results proved my thesis correct, as its adjusted property EBITDA margins grew on a YoY basis, as management, while engaging in price competition, is usually not the most aggressive compared to peers. As Macau GGR growth continues to slow in 2026, those operators with new property launches this year will likely be the winners in terms of market share and earnings growth. Melco will be the only operator to launch a new hotel in 2H26, which I believe will be an earnings catalyst. Melco's key properties are in Macau MLCO is a global operator of integrated gaming resorts with properties in Macau, the Philippines, Cyprus, and Sri Lanka, with the majority of earnings coming from Macau, 88% of adjusted property EBITDA in 1Q26 compared to 85% in 2025 . The company's integrated resorts in Macau include the properties City of Dreams, Studio City, Altira, and Mocha Clubs. City of Dreams is Melco's highest-earning property and was approximately 56% of total group adjusted property EBITDA in 1Q26. Overall, Melco's product offering caters to the higher-spending premium player. Melco's ex-Macau properties include City of Dreams Manila and City of Dreams Cypress. Together these two properties comprised roughly 12% of group adjusted property EBITDA in 1Q26 compared to 15% of group adjusted property EBITDA in 2025. In addition, Melco operates the hotel and gaming operations of City of Dreams Sri Lanka and earns around 50% of the property's adjusted EBITDA. However, during 1Q26, Sri Lanka recorded no EBITDA during the quarter. All of these properties outside of Macau are geared towards the premium customer. Key highlight of 1Q26 earnings: margin growth One key metric to highlight from Melco's 1Q26 results is its hold-adjusted property EBITDA in Macau. This metric assumes a nor...
Tesla Inc. (NASDAQ:TSLA) recently ramped up its Robotaxi operations in Texas, providing unsupervised Robotaxi rides in Dallas and Houston, while it was already providing rides in Austin. While the ramp-up in Cybercab production could provide another boost in its Robotaxi exploits, Tesla remains far behind its rival Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo. Tesla Vs Waymo On Thursday, Ele...
Tesla Inc. (NASDAQ:TSLA) recently ramped up its Robotaxi operations in Texas, providing unsupervised Robotaxi rides in Dallas and Houston, while it was already providing rides in Austin. While the ramp-up in Cybercab production could provide another boost in its Robotaxi exploits, Tesla remains far behind its rival Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo. Tesla Vs Waymo On Thursday, Electrek reported that Tesla had increased the size of its unsupervised Robotaxi fleet to 25 across the
Investing.com -- Emerging-market equities are currently outperforming expectations of a conflict-driven downturn, with the MSCI Emerging Markets Index rebounding to all-time highs.
Investing.com -- Emerging-market equities are currently outperforming expectations of a conflict-driven downturn, with the MSCI Emerging Markets Index rebounding to all-time highs.