To The Moon

Summary QYLD ETF writes ATM call options on the Nasdaq 100 Index to generate high distribution yields. The Fund has underperformed because it trades off all of the index's upside. Instead of QYLD, investors may want to consider the JEPQ, which also writes call options on the Nasdaq 100 Index, but sells OTM calls and retains some upside. PM Images Last summer, I wrote a cautious follow-up article on the Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD). In my opinion, on any reasonably long time frame, QYLD's strategy will likely underperform the passive Invesco QQQ ETF (QQQ) in delivering

Summary Nvidia Corporation reported record revenues of $18.1 billion in Q3, beating analyst estimates by $2.0 billion. Solid Nvidia forward guidance is tempered by U.S. sanctions against GPU exports, causing concerns for future growth. At 12x F2026 revenues, Nvidia remains far too rich for my tastes. I recommend current holders sell. jetcityimage After last quarter's earnings, I wrote a cautious article on Nvidia Corporation (NASDAQ:NVDA), highlighting warning signs from its second quarter earnings report. My concerns

Summary Pet Valu's stock has declined by 17% since last September due to negative headlines and slowing same store sales growth. The Canadian pet industry has strong growth potential, with Pet Valu experiencing significant growth in store count and strong unit economics. The stock is now trading at a more reasonable valuation, making it a potential opportunity for long-term growth investors. JHVEPhoto/iStock Editorial via Getty Images Last fall, I wrote a cautious article on Pet Valu Holdings Ltd. (TSX:PET:CA), noting that while the company's growth profile was attractive and relatively recession-resilient, PET's valuation was rich and I was

Summary T. Rowe Price Blue Chip Growth ETF has impressive YTD returns of 30.9% and is in the top decile of growth funds. However, 3-year returns are weak. TCHP is a non-transparent ETF that only discloses holdings quarterly, with a concentrated bet on 'Magnificent 7' stocks. Compared to the 'boom-bust' nature of TCHP's returns, I prefer the steadier SPGP ETF that combines growth and value investing into a single 'GARP' fund. RiverNorthPhotography I came across the T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) while screening for funds with strong short-term returns. The TCHP fund has an impressive YTD return of 30.9% to October 31, 2023, placing it in the top decile of broad growth funds tracked by Morningstar. While TCHP's short

Summary The Invesco Variable Rate Investment Grade ETF provides exposure to floating rate investment grade securities. The VRIG ETF has delivered modest historical returns with a 5.6% distribution yield. It is hard to recommend the VRIG ETF, as its performance is middling compared to alternative funds. PM Images/DigitalVision via Getty Images With long-term interest rapidly rising, many investors have been switching from fixed-rate bond funds to floating rate funds in order to minimize duration risk. The Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) is one such floating rate bond fund. VRIG provides exposure to floating rate investment grade securities like floating rate treasuries, corporate bonds, and structured securitie

Summary Invesco Fundamental High Yield Corporate Bond ETF is a passive ETF that provides exposure to high yield corporate bonds selected using fundamental criteria. Despite the manager's claims that the RAFI Fundamental Index methodology delivers excess returns, historical performance suggest the opposite. Furthermore, the PHB ETF is paying a significantly lower distribution yield compared to passive ETFs due to the yield of its portfolio. I would personally avoid this ETF. Torsten Asmus One important issue with passive index funds identified by many academic studies is the problem of market capitalization-weighted indexing. As investors increasingly adopt passive investing, this causes higher market-capitalization companies to receive bigger fund flows, regardless of their fundamenta

Summary Jamieson Wellness, a leading brand of vitamins and supplements in Canada, had a disappointing year in 2022, with its stock losing over 30% in value. The company's acquisition of youtheory brand of collagen and VMS products appears to have been overpriced, leading to lower guidance for 2023. Despite the challenges, Jamieson remains a category leader in Canada and has growth opportunities in international markets like China and the US. The stock is now trading at a discount and offers a respectable dividend yield. anilakkus/iStock via Getty Images As an analyst, one of the most humbling experiences is getting a call wrong. While we all think our calls are wonderful, the reality is that 40-50% of one's investment calls will likely be wrong. If any of the analysts you follow do no

Summary The iShares Interest Rate Hedged Corporate Bond ETF tracks a diversified portfolio of U.S. dollar-denominated investment grade corporate bonds. The fund hedges out interest rate risk by owning the iShares iBoxx $ Investment Grade Corporate Bond ETF and a portfolio of interest rate swaps. The LQDH ETF has delivered strong returns in the past year, but investors should not expect the same level of returns going forward. stanisluva Recently, I wrote an article on the Invesco Variable Rate Investment Grade ETF (VRIG), arguing the risk/reward in floating rate investment grade credit is not attrac

Summary Carrols Restaurant Group is a major franchisee of Burger King and Popeyes, operating over 1,000 restaurants in the US. The company has been reporting negative net profits since 2019 due to high corporate expenses and margin contraction. However, recent improvements in pricing have led to a rebound in profitability and a strong stock performance. Justin Sullivan Carrols Restaurant Group, Inc. (NASDAQ:TAST) is a leading restaurant group in the U.S., operating close to 1,100 quick-serve restaurants, mostly under the Burger King banner. Financial performance for Carrols has been poor, as franchise economics are mostly eaten up by G&A expenses. However, the company's valuation reflects its low profitability. Overall, Carrols' s

Summary I decided to sell my entire position in the Simplify Volatility Premium ETF due to recent changes in its portfolio and strategy. SVOL has deviated from its core strategy by adding significant positions in the Simplify Aggregate Bond ETF and the iShares iBoxx $ Investment Grade Corporate Bond ETF. Furthermore, in the short-term, an escalating Israel/Hamas war risks causing volatility to spike. So caution is warranted. Arsenii Palivoda I have been an early advocate of the Simplify Volatility Premium ETF (NYSEARCA:SVOL), first covering the ETF in August 2022 when it was still a relatively unknown fund. Over the past year, I have written a