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12.05.2022

Perspective ETFs in the ESG energy segment: Invesco Global Clean Energy Portfolio ETF

This ETF invests in green energy ventures. The pandemic led to a 300% increase of its share price. But since the beginning of 2022 they have lost 30%, twice as much as the S&P 500 SPY ETF. The net capital which has outflown from the Fund has reached $31.5 billion over the last 12 months, while the major outflow was recorded in December 2021. However, its shares are still seen to be overbought as P/E multiplier is at 24 that is well above the average of 20 for the EFT’s that are linked to the S&P 500, while the dividend yields are above PBD’s numbers.

Inflation in the United States is rising negatively affecting all shares with a high P/E ratio. So, we may expect a further decline of the PBD share price and other similar assets that cannot be protected from rising risks. Traditional energies are looking more attractive on this background and could be a perfect hedge asset amidst geopolitical uncertainties.

16.06.2022

Not Every Tech Stocks are Equally Strong: SAP

SAP stocks have lost 30% since the beginning of 2022. The German tech company develops enterprise software and solutions to manage business operations. For example, one of its services can be used to manage all business travel financial activities and related spending. In other words, it is quite a routine company with a stable and strong cash flow. Once SAP software is installed on a corporate level it is hard to do without it as it is deeply integrated into the business core processes. Moreover, SAP is restructuring its business model around its subscription base and this will allow for cash flows to be even more predictable and balanced through the financial year. Such a model is in favourable to Wall Streel investors.

The war in Ukraine has a 300-million-euro negative effect on SAP business, and it is only a marginal 1% of the overall revenue base for the company, while its dominance in the ERP segment is secure. The revenues added 11% year-on-year to 7.08 euros in Q1 2022. The revenues grew by 6% in Q4 2021.

The company has made some successful M&A deals, acquiring Qualtrics, a cloud-based subscription software platform, that delivered +48% revenue in Q1 2022. This company had a gross margin above 90% in 2021 while SAP’s gross margin was at 70% for the same year.

SAP management promised to triple its cloud-based business by 2025, and boost revenues to 22 billion euros, while operational profit is forecasted to grow by 40% from the current 8.4 billion euros. This is a very extensive growth for the company that has a high P/E ratio at 17. The company may not perform very high growth rates as its younger tech sector peers, but it may certainly recover to new all-time highs in the long-term perspective. However, the sector may require several quarters to recover, and the recovery would be headed by such reliable companies as SAP with a low risk profile.

12.04.2024

CarMax Is More Committed to Innovations But Market Conditions Make It Sinking

CarMax (KMX) quarterly report came out on April 11, vividly displaying why any immediate investment into the used car market still sounds like not a good idea. The stock quickly lost ground, wasting a double-digit number of percentage points as a response to its net income drop to $0.32 per share against $0.44 cents per share a year ago, also compared to much stronger $0.52, $0.75 and $1.44 per share in the previous three quarters. Analyst polls estimated a net income per share at about $0.50, which would be 56% better than the reality.

This almost looks like a financial fiasco in the company's efforts to withstand slowing demand in the segment. CarMax Q4 2023 revenue decreased by 1.7% to $5.6 billion, slightly below consensus expectations of $5.8 billion, indicating the lack of gross marginality of the business. This happened even though the total supply of unsold used vehicles on dealer lots grew by 9% YoY to 2.27 million units in March, according to Cox Automotive data. CarMax CEOs delayed their own goal of selling over 2 million units annually, when measuring combined retail and wholesale actions, to between 2026 and 2030, from its prior target of 2026.

A "higher-for-longer" Fed fund rates is demonstrably bad for car sales volumes, be it new generation Tesla cars or just pre-owned vehicles, while operating costs for warehouses are growing. Besides, easing some semiconductor constraints in North America may help marginally improving orders for new cars, leaving used-car sales under the same pressure. Meanwhile, the entrance of Asia players offered significant discounts. Therefore, North American and European operators of the used car market need to sell many great cars at cheaper prices. CarMax already posted its official warning of a potential "hit to profit-sharing revenue" due to inflationary impact to its partners, before last Christmas. "While affordability of used cars remains the challenge for consumers, pricing improved during the quarter," Enrique Mayor-Mora, executive vice president and CFO admitted.

It was only a smaller division of CarMax Auto Finance, which managed to get a 19% better income due to "a lower provision for loan losses" and an increase in average managed receivables. Yet, this was rather news from the side business, which was clearly not enough to be optimistic. The company added that it is now focused on enhancing its omni-channel experience and leveraging data science and automation. Carmax said it delivered "strong retail and wholesale" graphic processors, which helped to increase "used saleable inventory units" more than 10%, but used total inventory units was unchanged despite innovations. The company seeks to achieve efficiency improvements in its core operations, believing that they "are well-positioned to drive growth as the market turns", according to Enrique Mayor-Mora. This may be useful to strengthen competitiveness in better times for the segment. Yet, the current challenges are too heavy to be ignored by market crowds.

15.09.2022

Safe Haven Assets for Long-Term Investments: Broadcom

Broadcom is an American semiconductor and infrastructure software development company. Soon it is expected to close a merger deal with VMware, a cloud computing and visualization company, that will open new cross-sales opportunities for Broadcom to boost its revenues. Broadcom stocks are now 25% off their peak values.

According to the Q3 FY 2022 financial report that ended July 31, consolidated revenues grew by 25% year-over-year to $8.46 billion, and EPS went up by 40% to $9.73 per share. The semiconductors segment, that added 32% year-over-year, was the primary driver for the company’s profit. The company’s free cash flows (FCF) topped $4.3 billion, allowing it to spend $1.7 billion on dividends and 1.5 billion on the shares repurchase program. The company is planning to continue spending at least 50% of FCF on dividends that added 43% every year on average since 2016.

According to the Q4 FY 2022 forward guidance, the company is expecting its revenues to go up by 20% year-over-year to $8.9 billion and for EDITDA to go up by 25% to $5.6 billion. Broadcom has great experience in expanding its product portfolio by M&A operations, and apparently it will continue on this way. The company is also expected to benefit greatly from the $52.7 billion CHIPS bill in the United States.

11.08.2022

Perspective Peers of Ethereum: Avalanche

Avalanche is ranked by Coinmarketcap at the 12^th position by market cap with $7.8 billion, which is 4% less than Ethereum’s market cap. AVAX prices dropped by 82% of its peak values, allowing investors to buy it at early 2021 prices. Avalanche’s infrastructure consists of three logically isolated networks, each of these with their own processing, validators, and own set of rules.

This platform is often compared to the existing internet web infrastructure with core connection protocols like HTTP, surrounded by a huge number of networks to their apps. Avalanche allow for the creation of public and private systems as a blockchain or DAG (Directed Acyclic Graph) and for the use of different virtual machines for apps, including EVM engine (Ethereum Virtual Machine) that allows Enthereum network programs to be developed.

Avalanche includes C-chain to create smart contracts that are processed on an advanced EVM engine, P-Chain that coordinates validators that process transactions and also allows for the creation and management of new subnetworks, and X-Chain which is a directed acyclic graph regulating issuance and trade of cryptoassets. DAG systems record new transactions on top of the old ones, allowing for processing speed to be increased and for capacity substantially. It is quite different to other blockchains, where transactions are compiled in blocks in order to be processed.

The advantage of Avalanche is that it provides anyone with the opportunity to create his or her own isolated blockchain with its own set of parameters, including access to apps and the programming language with which it will work. Every subnetwork can process around 4,500 transactions per second compared to 14 processed by the Ethereum network.

Rafael Quintana Martinez

Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/

30.07.2025

Chiliz Is Seen Weak Struggling to Surpass the Resistance at $0.0500

Chiliz (CHZ) declined by 10.3% to $0.0404 this week, significantly underperforming the broader crypto market, where Bitcoin (BTC) dropped by just 1.0% to $118,150. CHZ lacks any internal catalysts to fuel a rebound, and its failure to break above the $0.0500 resistance during the recent crypto upswing highlights its relative weakness. This resistance level remains a critical threshold; unless CHZ can decisively reclaim and hold above $0.0500, further upside appears unlikely. In the current context, the token remains technically vulnerable, and it may be prudent for traders and investors to stay on the sidelines until a clear bullish signal emerges.

CHZUSD

1675

Rafael Quintana Martinez

29.07.2025

Graph Is Ready to Rise to $0.1500

Graph (GRT) is losing 3.5% to $0.1054 this week, underperforming the benchmark Bitcoin (BTC), which has declined by only 0.3% to $118,850. GRT had previously broken above the resistance at $0.1000 in mid-July, reaching a high of $0.1206. Since then, prices have pulled back to retest the $0.1000 support level and are now establishing a foundation for a potential rally toward $0.1500. The token has some positive momentum of its own following the launch of the Hypergraph Developer Preview on July 3. Additionally, StakeNova announced an integration with The Graph Protocol to process blockchain data. While this may seem like a minor development, it still offers support for further gains in token prices.

GRTUSD

1498

MetadoroIn-house analytics

29.07.2025

The US & EU Deal Made an Inspiring Splash in Markets

U.S. president Donald Trump ultimately pushed his trade deal through the old Europe's resistance. The big announcement of the tariff framework agreement from Turnberry, Scotland on July 27 after his round of golf with the European Commission's president Ursula von der Leyen had a very positive effect on the further development of the Wall Street stock rally. It is clear because together the EU and the U.S. form a market of 800 million people to cover nearly 44% of the global gross domestic product (GDP). $600 billion of the $3.3 trillion in goods imported by the U.S. in 2024 came from the EU.

The S&P 500 broad barometer beat its all-time record moving above 6,420 points, while this record-breaking run immediately led the EU Stoxx 600 index to its 4-month high at 555 points. The optimistic upside gap and an extra move later proved to be, of course, somewhat hasty, or one may truly call it premature, causing an almost equally fast downward corrective pullback long before the closing bell of all trading sessions on Monday, July 28. However, a fresh impressive jump to new heights certainly points to the further trajectory for the composite indices in both America and Europe. Although to a greater extent, bullish efforts can now be expected on the U.S. side of the Atlantic since the agreement looks an order of magnitude more favourable for Washington dwellers, and Brussels seems to have been forced just to accept the conditions with the least damage before Trump's August 1 deadline. So, it could be considered a great success that Germany's DAX 40 lost only just over 1% by the end of Monday, while France's CAC 40 and the UK's FTSE 100 ended the day 0.43% lower than last Friday.

With some exceptions like steel, the deal includes a 15% tariff on EU goods entering the U.S. but zero levies for imported U.S. goods when coming to Europe. This is understandable, since it would be simply impossible to cover the ever-growing trade deficit in favour of Europe, which is driving the U.S. into soaring debt. For this solid reason, Trump could never agree to a better deal for Europe. That's also why the EU committed to purchasing $750 billion worth of various energy resources from the U.S., and to make $600 billion in investments in America. This also follows Trump's generally agreed deal with Japan, which cut tariffs on U.S. auto imports and other goods with a $550 billion package of Japan's U.S.-bound investment and loans.

As strange as it might seem to some, we considered the EU and U.S. trade disputes to transform potentially into the most controversial point, most difficult to overcome in the tangle of all the trade talks with other countries. Here, all those newly emerged political contradictions between essentially former ideological allies still stood at the forefront. For us, this means that global trade wars have now passed a real turning point, with no return to confrontational trends that became so much visible in the beginning of spring. Wall Street was already standing like an unbreakable rock while multiple uncertainties persisted, even despite trade headwinds or sometimes stormy weather. Bulls clearly outnumbered bears climbing each time higher. We estimated that the S&P500 has recently set as much as 25 consecutive sessions when it has not fallen more than 1% intraday, while closing most of those days in positive territory. Now, when most parts of the problem are nearly solved and notable framework trade deals have been accomplished, the stock investment business should do even better.

Since tariff threats' elimination is not the only bullish driver for Wall Street, a moderate pullback from new historical peaks is quite natural and probably very short-lived. Major funds and banking institutions are already updating their forecasts in their most optimistic mood. Equity strategist Michael Wilson at Morgan Stanley figures the S&P 500 could rally to 7,200 by mid-2026, due to a “rolling recovery” in earnings and supportive macro trends, pointing to "mid-teens" growth estimates for EPS (equity per share). As another good example, Oppenheimer has already raised its year-end estimates to 7,100 in S&P 500 terms. The analyst house had previously lowered its projection to as low as 5,950 points in early April but now see a clearer path for gains. “With the announcement of trade deals by President Trump and his administration … we believe that enough ‘tariff hurdles’ have been overcome for now to reinstate our original price target for the S&P 500 of 7,100 by year-end,” Oppenheimer noted.

When mentioning the resilience of the U.S. economy and the Fed’s progress in pushing inflation down from 9% in June 2022 to 2.7% last month “without thus far causing a recession”, they are feeling important for investors to seek out "babies that get tossed out with the bathwater’ in market downdrafts”, probably meaning some underestimated quality assets. “Corporate revenue and particularly earnings growth for Q4 and Q1 for firms in the S&P 500 surprised well to the upside,” analysts added. 84% of S&P 500 companies manage to exceed consensus estimates” for Q2. “Magnificent Seven” firms, including Facebook and Instagram owner Meta Platforms (META) and Microsoft (MSFT) will report on Wednesday night, Apple (AAPL) and Amazon (AMZN) will follow them the next evening after the regular market's close. It will most likely be possible to make good money right from trading in after-hours on these reporting Wall Street nights.

US500

1532

Rafael Quintana Martinez

29.07.2025

Buying the Cable on False Downside Alarms

The GBPUSD had been in a steady uptrend since January 13, climbing by 10% to reach 1.33260, with a peak at 1.37870 on July 1. Recently, however, the pair experienced a sharp correction, breaking below the established uptrend support. While this move may appear to signal accelerating downside momentum, the reality is more neutral. Rather than continuing to fall, the pair has settled into a sideways consolidation, holding above a strong support level at 1.33000. This suggests the current weakness is more of a pause than a reversal. The likely next move is a bounce toward 1.36500–1.37000. In this context, opening a long position between 1.33000 and 1.33700 appears reasonable, with a target at 1.36800 and a stop-loss set at 1.30500.

GBPUSD

1495