Recently, Fitch upgraded Las Vegas Sands’ ($LVS) debt from BB+ to BBB-. This is a response to rising cash flow and EBITDA from Macau. This recovery is something DKI has been writing on for more than a year. The Fitch upgrade assumes that Sands continues to pay the current dividend, continues to buy back hundreds … Read more
The Federal Reserve surprised the market by leaving the fed funds rate unchanged and indicating its not inclined to lower at the next meeting in March. The market was disappointed, but a better-than-expected manufacturing index with higher-than-expected pricing plus a seemingly hot labor market support the Fed’s decision. There was huge growth in jobs, but … Read more
This week, we’ll address the following topics: Jerome Powell and the Federal Reserve shocks the market by doing exactly what they said they’d do. Manufacturing PMI shows further decline, but still better than expected. Prices up a lot. The employment picture is again better than expected. Does this mean “higher for longer”? Saudi Arabia stops … Read more
I get a lot of questions regarding my weightings in specific names. As a result, I’ve added weightings to the Current Recommendations page. I will update these weightings monthly. As always, should I make changes to any portfolio position, I will post that to the premium blog immediately. Information contained in this report, and … Read more
