Today’s stock pick update

Credit Suisse and Nomura are down 12% and 13%, respectively, this morning after warning of “significant” hits to first quarter results after they began exiting positions with Archegos Capital Management which defaulted on margin calls last week. “While at this time it is premature to quantify the exac...

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Century Aluminum (NASDAQ: CENX): Century Aluminum shares are up nearly 12% over the last week after announcing that it has finalized and received all necessary approvals for its new, three-year power contract with South Carolina Public Service Authority for the Mt. Holly aluminum smelter. “We are thrilled to have reached final agreement on this new contract which, most importantl...

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Is UFS a smart, small-cap bet in a reopening economy?

In a broad sense, the market has been moving for most of the past year on the same basis – anticipating the end of the pandemic on the assumption that once the health crisis has passed, the economy can get back to churning along. The last week, however has raised concerns about inflation risks, which I think makes sense. Federal stimulus has kept pumping money into the economy, and the Fed has maintained its public stance that since it is willing to accept somewhat higher inflation leve...

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Vericel Corporation, a commercial-stage biopharmaceutical company, researches, develops, manufactures, and distributes cellular therapies for sports medicine and severe burn care markets in the United States. The company markets autologous cell therapy products comprising MACI, an autologous cellularized scaffold product for the repair of symptomatic, and single or multiple full-thickness cartilage defects of the knee; and Epicel, a permanent skin replacement humanitarian use device for the t...

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