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‘The brick wall of reality’: Stephen Miller’s anti-immigrant pitch doesn’t hold up to scrutiny
MSNBC· 2025-07-19 22:16
All right. A few days ago, the White House Deputy Chief of Staff, Steven Miller, asked a big question on Fox News. What would Los Angeles look like without illegal aliens. Here's what it would look like.You would be able to see a doctor in the emergency room right away. No wait time, no problem. Your kids would go to a public school that had more money than they knew what to do with.Classrooms would be half the size. Students who had special needs would get all the attention that they needed. There would be ...
Western Midstream: My Top Yield-To-Risk MLP Pick Right Now
Seeking Alpha· 2025-07-19 13:15
Group 1 - The article discusses a comparison between MPLX LP and Western Midstream to determine which MLP is a better investment choice [1] - The author, Roberts Berzins, has over a decade of experience in financial management and has contributed to the development of financial strategies for top-tier corporates [1] - Berzins has also worked on institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1] Group 2 - The article does not provide any specific financial data or performance metrics for MPLX LP or Western Midstream [1] - There is no mention of any recent events or news that could impact the performance of these companies [1]
ICICI Bank(IBN) - 2026 Q1 - Earnings Call Transcript
2025-07-19 12:30
Financial Data and Key Metrics Changes - Profit before tax, excluding treasury, grew by 11.4% year on year to INR 156.90 billion in Q1 FY '26 [4] - Core operating profit increased by 13.6% year on year to INR 175.05 billion [4] - Profit after tax grew by 15.5% year on year to INR 127.68 billion [4] - Total deposits grew by 12.8% year on year and were flat sequentially [4] - Average current and savings account deposits grew by 8.7% year on year and 3.9% sequentially [5] - Net interest income increased by 10.6% year on year to INR 216.35 billion [17][18] - Noninterest income, excluding treasury, grew by 13.7% year on year to INR 72.64 billion [21] Business Line Data and Key Metrics Changes - Domestic loan portfolio grew by 12% year on year and 1.5% sequentially [5] - Retail loan portfolio grew by 6.9% year on year and 0.5% sequentially [5] - Business banking portfolio grew by 29.7% year on year and 3.7% sequentially [6] - Corporate portfolio grew by 7.5% year on year but declined by 1.4% sequentially [6] - Mortgage portfolio grew by 10.3% year on year and 1.9% sequentially [9] - Auto loans grew by 2.2% year on year but declined by 0.7% sequentially [9] Market Data and Key Metrics Changes - The net NPA ratio was 0.41% at 06/30/2025 compared to 0.43% at 06/30/2024 [7] - The provisioning coverage ratio on non-performing loans was 75.3% at 06/30/2025 [7] - The capital position remained strong with a CET1 ratio of 16.31% and total capital adequacy ratio of 16.97% [8] Company Strategy and Development Direction - The strategic focus is on growing profit before tax through a customer-centric approach and enhancing delivery capabilities [3] - The company aims to maintain a strong balance sheet, prudent provisioning, and healthy levels of capital while delivering sustainable returns [8] - The business banking segment is expected to grow faster than the overall loan book, indicating a focus on this area for future growth [54] Management Comments on Operating Environment and Future Outlook - Management noted that global events have impacted sentiment but expects positive effects from monetary easing [35] - The company is optimistic about growth opportunities and aims to drive risk-calibrated profitable growth [8] - Management indicated that the current credit environment is benign, with negligible credit costs [67] Other Important Information - The total provisions during the quarter were INR 18.15 billion, which is 10.4% of core operating profit [23] - The profit after tax of ICICI Life was INR 3.02 billion in Q1 FY '26 compared to INR 2.25 billion in Q1 FY '25 [26] - The combined ratio for ICICI General stood at 102.9% in Q1 FY '26 compared to 102.3% in Q1 FY '25 [26] Q&A Session Summary Question: Margin assessment and growth outlook - The reported margin for Q4 would have been lower than 4.41% when adjusted for the new method, and growth is expected to stabilize after a quarter [34][35] Question: Corporate loan mix and business banking performance - The decline in high-rated corporate loans is due to demand and pricing factors, while business banking growth is attributed to distribution and technology improvements [51][54] Question: Deposit behavior and competition - The company does not foresee significant changes in competitive scenarios despite rate cuts, focusing on customer acquisition and maintaining market share [56] Question: Unsecured retail growth and asset quality management - The company is optimistic about growth in personal loans and credit cards, with a focus on maintaining asset quality through continuous monitoring [64][67]
10 Reasons to Buy and Hold This Market-Leading Stock Forever
The Motley Fool· 2025-07-19 08:08
Core Viewpoint - Airline stocks, traditionally viewed as poor investments, are now seen as having fundamentally changed, with Delta Air Lines positioned as a strong buy due to several strategic advantages and growth opportunities Group 1: Revenue Growth - Delta is focusing on increasing premium cabin revenue, which now accounts for 30% of seats compared to 10% in 2010, with expectations that premium revenue will surpass main cabin revenue by 2027 [2][3] - The SkyMiles loyalty program has seen a 50% increase in membership from 2017 to 2024, enhancing customer loyalty and long-term value [4] - Co-brand credit card partnerships with American Express have grown from $2 billion in 2010 to $7 billion in 2024, with a target of reaching $10 billion, diversifying Delta's revenue streams [5] Group 2: Capacity Management - Delta has shown discipline in capacity management, adjusting capacity in response to market conditions for two consecutive years, which aids in cost and earnings management [7][8] - The airline industry as a whole is becoming more disciplined, with competitors like United Airlines also reducing capacity in response to demand slowdowns [9] Group 3: Financial Performance - Delta is leading the industry with a return on invested capital (ROIC) of 13% in 2024, exceeding its weighted average cost of capital (WACC) of 8%, with a long-term target ROIC of 15% [10] - The company has a favorable market position supported by its domestic hubs and international presence, contributing to its strong ROIC [12] - Delta's structural advantages as a network carrier allow it to better absorb rising costs compared to low-cost carriers [13] Group 4: Cash Flow and Debt Management - Delta's adjusted debt has decreased from $21.4 billion at the end of 2023 to $16.3 billion by June, supported by strong free cash flow generation, with guidance for 2025 FCF between $3 billion and $4 billion [15] Group 5: Valuation - Delta is currently trading at over 10 times estimated 2025 earnings and 12.2 times the low end of the 2025 FCF guidance, indicating that the market is undervaluing its long-term growth prospects [16]
Hingham Institution for Savings: The Only Bank Stock You Need To Own
Seeking Alpha· 2025-07-19 06:22
Group 1 - Hingham Institution for Savings (NASDAQ: HIFS) has a notable history and has provided investors with a compound annual growth rate since the leadership transition to the Gaughen family in 1993 [1] - TQP Research employs a value-oriented investment strategy, focusing on identifying businesses that align with long-term success principles taught by renowned investors such as Warren Buffett and Charlie Munger [1] - The investment topics covered by TQP Research include market analysis, macroeconomic trends, large-cap blue chip companies, and undervalued micro-cap and small-cap stocks [1]
Global Water Resources: A Growth Company Disguised As A Utility
Seeking Alpha· 2025-07-19 04:49
Group 1 - Global Water Resources (NASDAQ: GWRS) operates as a utility with a P/E ratio of 55x, indicating a high valuation relative to earnings [1] - The company is the only TWM pure-play in Arizona, suggesting a unique market position [1] - There is an expected upside potential of 33% for the company, driven by anticipated intensification in the sector [1]
Roku Set For Q2 Spotlight As Ad Resilience, Frndly Boost, Amazon Deal Fuel Investor Optimism
Benzinga· 2025-07-18 17:30
Connected TV is poised to become one of the fastest-growing advertising channels in the coming years, with Roku, Inc. ROKU well-positioned to benefit from the ongoing shift in ad spending from traditional linear TV to streaming platforms.Against this backdrop, Roku's recent momentum and strategic positioning have prompted optimism ahead of its upcoming second-quarter earnings release on Thursday, July 31.JPMorgan analyst Cory A Carpenter reiterated the Overweight rating on Roku, raising the price forecast f ...
X @Mike Benz
Mike Benz· 2025-07-18 17:17
RT Reclaim The Net (@ReclaimTheNetHQ)A secretive EU “Chat Control” meeting just got exposed, and it’s exactly what it sounds like: a ban on encrypted messaging.No formal negotiations are happening, but that didn’t stop MEPs from organizing a shadow gathering behind closed doors. On the guest list? Government officials, Europol, Meta, Microsoft, and pro-surveillance NGOs. Missing? Civil liberties advocates; until journalists forced a token inclusion... ...
Why Americans Love Gated Communities
CNBC· 2025-07-18 16:00
Florida is kind of the land of gated communities. People that are buying in Florida--they want the ease of living. They want to live in Paradise without all the maintenance.Lindsey Tronolone is a realtor in Palm Beach County, Florida, a hub for luxury real estate. The area also boasts dozens of gated communities. Some sell waterfront condos, others have multi-million dollar mansions.People are moving here for the Golf. You're not going to pay $225,000 for a golf membership and not be using it. Gated communi ...
SPLG: My Favorite S&P 500 ETF
Seeking Alpha· 2025-07-18 15:59
TQP Research is run by a Certified Public Accountant (CPA) with several years of experience in structured finance and banking.TQP Research follows a value-oriented investment approach by identifying businesses that meet the criteria for long-term success taught by Warren Buffett, Charlie Munger, and Walter Schloss, to name a few.Investment topics will primarily include: Market analysis and macroeconomic trends, large-cap blue chip companies, deeply undervalued micro-cap and small-cap stocks that most instit ...