In the 8-K released on January 22nd , Autodesk ( ADSK ) (the company) gave the public some information that will be quite impactful to its stockholders. The company is proceeding with its sales and marketing restructuring, which startedI am an Honors Economics student at Middle East Technical University (METU) who passed the CFA Level 1 and continuing to pursue the CFA charter to deepen my mastery of investment analysis. My journey in finance began at age 14, driven by a fascination with market inefficienci ...

分组1 - Over the past year, international stocks have significantly outperformed U.S. equities, with the State Street SPDR Portfolio Devt World ex-US ETF (SPDW) rising by 37%, including dividends, while the S&P 500 ETF (SPY) has only returned 14% [1]

Group 1 - The company Similarweb (SMWB) reported a decent set of results, but there is a rising intensity in R&D due to significant changes in the environment since the last coverage [2] - The company continues to offer its core SEO-oriented data suite, indicating a focus on maintaining its primary product offerings [2] Group 2 - The Value Lab is an investment group that focuses on long-only value ideas, aiming for a portfolio yield of about 4% and has performed well over the last five years [1] - The Valkyrie Trading Society is another team of analysts that shares high conviction and obscure developed market ideas, targeting downside-limited investments likely to generate non-correlated and outsized returns [2]

Group 1 - The analyst team has a proven track record of outperforming across all market conditions, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return of over 23x [1] - The focus is on income-oriented investments, particularly in lower-risk firms that provide steady dividend payouts [1] - The company specializes in providing research on the energy, shipping, and offshore markets, indicating a strong expertise in these sectors [1] Group 2 - SolarEdge Technologies, Inc. (SEDG) is mentioned as a company previously covered, suggesting ongoing interest and updates regarding its performance [2] - The analyst has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, indicating a broadening of focus beyond just technology stocks [3] - The analyst has a background in auditing and trading, which adds credibility to the research provided [3]

Core Insights - REITs are regaining favor in 2026, leading to renewed equity issuance opportunities for companies like W.P. Carey Inc. (WPC) and Getty Realty Corp. (GTY) [1][2] - Both companies experienced temporary declines in share prices following their equity offerings, presenting potential buying opportunities for investors [1][5] REIT Market Dynamics - Historically, REITs have been hesitant to issue equity due to concerns over dilution affecting AFFO/share and NAV [2] - In 2026, stock prices for WPC and GTY have risen due to strong earnings reports, making equity issuance more viable [2][3] Share Offerings Impact - Share offerings create temporary liquidity events that can significantly alter stock prices [4] - WPC's issuance of 6 million shares at $72 each raised $432 million, resulting in a 4% drop in stock price on the announcement day [6][10] - GTY's offering of 4 million shares at $32.75 led to a larger price drop of about 7% due to its proportionally larger impact on outstanding shares [14][16] Financial Metrics and Projections - WPC's expected AFFO/share for 2026 is $5.17, leading to a cost of equity of 7.18% from the recent issuance [10][12] - The capital raised will fund approximately $864 million in acquisitions, with a projected cash cap rate of around 7.25%, significantly above WPC's cost of capital [10][12] - GTY's expected AFFO/share is $2.51, with a cost of equity of 7.66% from its recent issuance, and a blended cost of capital of 6.71% [16][17] Management and Strategy - Effective REIT management is crucial for determining the success of equity offerings, focusing on cost of capital and cap rates on the use of proceeds [19][20] - Both WPC and GTY strategically chose to issue equity when market conditions were favorable, indicating disciplined management practices [21]

Core Insights - Quality investments tend to outperform over time, but the duration for this to materialize can be prolonged, particularly for investors in weak industries [1] Group 1 - The article discusses the challenges faced by investors holding quality companies in underperforming sectors [1]

Core Viewpoint - The article discusses the investment positions held by the author in specific companies, indicating a long position in NHYDY and KALU, which may suggest a positive outlook on these stocks [1]. Group 1 - The author has a beneficial long position in NHYDY and KALU, either through stock ownership, options, or other derivatives [1]. - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [1]. Group 2 - The author emphasizes that the article should not be considered financial advice and that investors are expected to conduct their own due diligence [2]. - It is noted that short-term trading and options trading can be extremely risky and may not be suitable for all investors [2]. Group 3 - The article clarifies that past performance is not indicative of future results and that no specific investment recommendations are provided [3]. - The views expressed may not reflect those of Seeking Alpha as a whole, highlighting the diversity of opinions among analysts [3].

Core Viewpoint - AutoNation, Inc. has shown resilience in a challenging car-buying environment, achieving a moderate performance with a 6% gain over the past year [1] Company Performance - The company has effectively navigated through difficulties in the automotive market, highlighting the strength of its service-oriented business model [1]

Core Insights - The Global X Robotics & Artificial Intelligence ETF (BOTZ) is positioned to benefit from the growth of AI supply chains and the increasing automation in industries, particularly in robotics within factories [1] Group 1 - Thematic focus on the intersection of AI supply chain growth and physical economy automation [1] - The ETF aims to capitalize on advancements in robotics and artificial intelligence [1]

Core Viewpoint - Michael James McDonald is a stock market forecaster and author who emphasizes the importance of contrary opinion and investor sentiment in predicting market trends [1] Group 1: Background and Publications - McDonald served as Senior Vice President of Investments at Morgan Stanley and has been a long-term advocate for measuring investor sentiment [1] - His first book, "A Strategic Guide to the Coming Roller Coaster Market," was published in July 2000, predicting the end of the 18-year bull market and the onset of a trading range market [1] - A second book, "Predict Market Swings With Technical Analysis," was published in 2002 [1] Group 2: Market Predictions - On August 31, 2010, McDonald declared the end of a ten-year trading range market and the beginning of a new long-term bull market [1] - He notes that emotions of fear and greed can drive 50% or more of a stock's price, highlighting the significance of investor expectations [1] Group 3: Sentiment Analysis - McDonald has developed metrics to measure when too many investors have similar expectations, which can indicate potential market reversals [1] - Through his company, the Sentiment King, he continues to analyze investor psychology to forecast major stock trends [1]