Articles for author: Ron Finklestien

January 4, 2024

Ron Finklestien

The Whirlwind Rise of Wabtec (WAB): A Glimpse into What Fuels the Growth

Strong Growth and Raised Guidance Wabtec Corporation (WAB) has found itself riding high on the crest of a lucrative wave, largely due to the robust performance of its Freight segment. With an upward revision in its 2023 guidance, the company is looking at sales of $9.50-$9.70 billion, a significant raise from the previous projection of $9.25-$9.50 billion. Adjusted earnings per share are soaring to between $5.80 and $6.00, up from the earlier estimation of $5.50 and $5.80. This optimistic prognosis is enhanced by the foresight of strong cash flow generation with operating cash flow conversion anticipated to exceed 90%. Segmental

January 4, 2024

Ron Finklestien

The Soaring and Plummeting of Sellas Life Sciences Stocks

January 4, 2024 12:56 PM | 1 min read Sellas Life Sciences stocks have plummeted by 35.7% on Thursday. The company’s announcement of a $9 million public offering has led to the decline. Sellas Life Sciences Group Inc SLS shares are trading lower by 35.7% to $0.58 Thursday afternoon. The stock is trading lower after the company announced pricing of a $9 million public offering. Untangling the Web The issuance of 12 million shares of common stock alongside accompanying warrants aims to raise $9 million before expenses. Priced at $0.75 per share and warrant, these securities will grant the option

January 4, 2024

Ron Finklestien

Unforeseen Challenges: A Review of REIT Holdings in 2023 Unforeseen Challenges: A Review of REIT Holdings in 2023

If I emphasized it once, I emphasized it a dozen times in December alone… 2023 took an unexpected turn, defying all earlier predictions. Approximately a year ago, an article entitled “My Top REIT Picks for 2023” cited a Nasdaq article that was notably optimistic: “In our view, 2023 will be a year of important ‘transitions.’ We believe the first transition will be away from a bear market to a potential bull. “History suggests attractive forward returns for stocks after the type of drawdowns we witnessed in 2022, but the timing of the market boom is unclear and the process will

January 4, 2024

Ron Finklestien

mining

Atico Mining: La Plata Mining Concession Extension Fueling Share Surge Atico Mining: La Plata Mining Concession Extension Fueling Share Surge

Atico Mining: Securing Long-term Growth Atico Mining, a Latin America-focused mining exploration company, has sparked investor enthusiasm with an announcement of a favorable long-term extension for its La Plata mining concession in Ecuador. The company revealed that the Ecuadorian government’s decision to extend the concession creates a conducive environment for Atico to advance its investment plans in La Plata. Notably, in a forward-looking scenario, the company also has the option to apply for an additional 25-year extension in 2048, further solidifying its position in the region. A Historic Gem: La Plata Project The La Plata project, wholly owned by Atico,

January 4, 2024

Ron Finklestien

Rare Stock Picks In December 2023 – From 34 Discerning Analysts Hidden Gems Unearthed by 34 Sharp-Eyed Analysts

December witnessed the continuing surge in the market, featuring the S&P 500 with gains of nearly +14% over the final 2 months of 2023. Amidst this euphoria, there might still be hidden investment prospects that have managed to evade your watchful eye. Below, behold a categorized compilation of the “December Buy” recommendations presented by analysts known for their absence of other bullish recommendations over the past 3 months. To help you navigate through the sea of possibilities, these prospects have been meticulously arranged by sector. Consumer Discretionary Consumer Staples Utilities Energy Inclusion Criteria: The above ideas were objectively compiled based

January 4, 2024

Ron Finklestien

Bank of America Downgrades WEC Energy to Underperform Bank of America Downgrades WEC Energy to Underperform

Gargolas/iStock via Getty Images Downgrade and its Impact WEC Energy (NYSE:WEC) is currently experiencing fluctuations as Bank of America downgraded the utility to Underperform from Neutral with a $78 price target, down from $84. This decision was driven by the assessment that the stock is trading at an ~11% premium to the broader utility group despite a consistent stream of cautious data points. Reasons Behind the Downgrade According to BofA’s Julien Dumoulin-Smith, the downgrade is influenced by recent regulatory data points, particularly a negative surprise in the Illinois gas outcome, along with ongoing balance sheet pressures that are likely to

January 4, 2024

Ron Finklestien

Why Myriad Genetics (MYGN) Stock is a Solid Retain Why Myriad Genetics (MYGN) Stock is a Solid Retain

Myriad Genetics MYGN is poised for growth in the coming quarters, supported by a substantial improvement in testing volume across all its businesses. Despite this, it faces foreign exchange headwinds and stiff competition. Over the past year, the Zacks Rank #3 (Hold) stock has outperformed the industry with a 13.4% gain, compared to an industry decline of 8.6% and a 27.3% rise of the S&P 500 composite. The renowned genetic testing and precision medicine company has a market capitalization of $1.63 billion. Myriad Genetics surpassed estimates in three of the trailing four quarters and missed the same in one, delivering

January 4, 2024

Ron Finklestien

Bitcoin Miner Hive Digital’s Stock Surge Bitcoin Miner Hive Digital’s Stock Surge

The Rise of HIVE Digital Technologies Ltd HIVE Digital Technologies Ltd HIVE shares are trading higher. The company on Thursday provided an operations update for December. Deciphering the Surge What Happened: Hive Digital said it produced 282.8 Bitcoin in December as it maintained an average hashrate of 3.95 EH/s during the month. The company produced an average of 9.1 bitcoin per day, representing approximately 1% of the global network. As of the end of December, Hive had 4.08 EH/s of mining capacity. Operations Update Hive noted that its New Brunswick facility is currently operating at 1.8 EH/s while undergoing final

January 4, 2024

Ron Finklestien

The Top 5 Dividend Stocks to Consider for 2024

By Sam Kovacs. Setting the Stage As we embark on this new era, it’s prime time to select a few gems. After all, what better way to gauge the investment waters than to reflect on past picks and tailor our approach for the year ahead? Taking a moment to review last year’s dividend stock picks, we’ll glean some valuable insights and unveil the cream of the crop for 2024. Past Performers Previously, I delved into what I believed were top-notch selections for dividend investors throughout 2023. Last year, we found success by focusing on the AI/Semiconductor trend. Our portfolio included

January 4, 2024

Ron Finklestien

Market Insight: Dow Jones Index Rallies 200 Points; US Services PMI Inches Upwards in December

U.S. stocks were predominantly higher midday on Thursday, with the Dow Jones index surging by approximately 200 points. The Dow climbed 0.55% to 37,635.05, while the NASDAQ saw a 0.05% rise to 14,599.10. The S&P 500 also experienced gains, rising by 0.28% to 4,718.19. Check This Out: How To Earn $500 A Month From Constellation Brands Stock Ahead Of Q3 Earnings Report Market Sectors: Winners and Losers Financial shares saw an upsurge of 0.8% on Thursday. Conversely, energy shares experienced a 0.6% decline in trading on Thursday. Top Headline: US Services PMI Reaches Revised High in December The S&P Global