Will Santa Leave A Lump Of Coal?

As we enter the last month of the year, the holiday season is kicking into full gear, decorations are popping up everywhere, and the burning question arises, “Will Santa Claus bring gifts for stock market investors, or will he leave a lump of coal in their stockings?” It was a bumpy sleigh ride last month,…

GNC: The Joint Venture

GNC (GNC) is set to establish a joint venture with Harbin Pharmaceuticals early in the coming year (pending closing of the final preferred stock transaction) which will replace the company’s current business in China. The joint venture will impact the company’s financial results in various ways, not the least of which will be reduced near…

NFJ: A Value-Oriented Covered Call Fund Trading At An Attractive Discount

Investment Objectives The Fund seeks current income and gains. Long-term capital appreciation is a secondary objective. (Data below is sourced from the Allianz website unless otherwise stated). When Do Covered Call Funds Outperform? Covered call portfolio managers hold a portfolio of stocks and sell call options against a portion of the portfolio to generate additional…

Global Payments Continues To Hit The Mark With An Increasingly Tech-Driven Platform

Fintech has continued to perform well, with investors understandably attracted to the strong earnings growth that many of these companies are generating. In the case of Global Payments (GPN), management continues to show the benefits of its tech-enabled payments model, with strong revenue growth and improving margins on lower churn. While the shares went nowhere…

Another Look At 2019 S&P 500 Earnings

In last weekend’s post on S&P 500 earnings, we looked at the weekly rate of change in the S&P 500 2019 EPS estimate. Here’s the same data looking at the year-over-year change in the 2019 SP 500 EPS estimate: 8/14/18: $178.85 +12.5% expected y/y growth 8/17/18: $178.58 +12.1% expected y/y growth 7/13/18: $177.16 +10.7% expected…