Streetbeat News

Assets

AVVIY

Aviva PLC has been relatively quiet following its restructuring and disposal of overseas businesses over the past three years. The focus remains on its payouts.

Portfolio Pulse from

November 08, 2024 | 11:30 am

UEC

Uranium Energy Corp (UEC) has completed an initial economic assessment for its Roughrider Project in Saskatchewan, Canada. The project boasts a post-tax NPV of $946 million, a 40% IRR, and a 1.4-year payback period, with AISC of $20.48 per pound and an average production of 6.8 million pounds per year.

Portfolio Pulse from

November 08, 2024 | 11:15 am

PGJ

Chinese stocks are seen as undervalued and could provide diversification from US markets. However, the Invesco Golden Dragon China ETF (PGJ), which holds mostly ADRs from technology companies, is considered risky.

Portfolio Pulse from

November 08, 2024 | 11:00 am

NGG

National Grid has streamlined its operations, focusing on core UK and US networks, and has reduced debt through asset sales and a rights issue. This positions the company for low-risk, high-quality asset growth with expected earnings growth of 6-8% CAGR.

Portfolio Pulse from

November 08, 2024 | 10:00 am

NYMT

NYMTM

New York Mortgage Trust (NYMT) is shifting its portfolio strategy by moving away from multifamily properties to Agency MBS, which is seen as a derisking move. The preferred shares, particularly NYMTM, are expected to yield double digits early next year.

Portfolio Pulse from

November 08, 2024 | 9:30 am

BRK-A

Warren Buffett's Berkshire Hathaway is holding a record $325 billion in cash, signaling caution towards the current stock market environment. This suggests Buffett is wary of overvalued stocks and is waiting for better investment opportunities.

Portfolio Pulse from

November 08, 2024 | 9:15 am

NVDA

Scottish Mortgage Investment Trust PLC has decided to reduce its stake in Nvidia Corp, citing high costs associated with AI adoption as the reason. This move is seen as risky given Nvidia's position as a leading AI company.

Portfolio Pulse from

November 08, 2024 | 8:30 am

FMCC

Freddie Mac, a government-sponsored enterprise, saw its shares surge by 39% following Trump's re-election, driven by investor speculation on potential privatization. The company's profitability makes its equity highly valuable, attracting interest in privatization plans.

Portfolio Pulse from

November 08, 2024 | 6:15 am

SQ

Block is reducing its investment in TIDAL and closing TBD to focus on Bitcoin mining.

Portfolio Pulse from

November 08, 2024 | 4:00 am