Looking beyond the market’s biggest names? Jamie Murray, President of The Murray Wealth Group, shares the investing framework he uses to uncover overlooked companies with strong cash flow, attractive valuations and long-term growth potential. From AI winners and consumer stocks to airlines, REITs and international opportunities, he explains what makes a stock worth buying—and why some of the market’s best opportunities are often the ones investors aren’t paying attention to.
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The ladies and I got together last night for another rowdy night of Mahjong. We were wondering what was with the sudden popularity of the game. Of course it dates back o the mid 1800s but is more closely associated with much older women. That’s when it got a little silent. Maybe Mahjong wasn’t getting any younger – maybe we were the ones aging into it!
Here are five things to know today:
Old is new: Global markets today are grappling with heightened geopolitical tensions as ongoing conflict between the U.S. and Iran has pushed crude oil prices significantly higher. This is fueling renewed stagflationary concerns and driving bond yields up across the board. Old foes like tariffs and war are weighing heavy on markets today. There is a bit of nailbiting happening in tech right now ahead of Alphabet, Tesla and IBM earnings out after the close.
Call my agent: Rogers posted better-than-expected profit, driven by strength in its sports assets. The company owns Maple Leaf Sports & Entertainment — home of the Toronto Raptors and Toronto Maple Leafs — which helped power the media division up 53% from last year. Its core telecom business was more of a struggle. Wireless signed up fewer new customers than expected, below last year’s levels, and average revenue per user slipped 2.4% as competition among the telcos drove prices down. On the conference call, management admitted it was “a difficult one to predict” how price pressures play out over the back half of the year. Rogers plans to sell up to a 25% stake in the sports assets once the deals to consolidate the businesses under one roof close. Analysts are hungry for a read on valuation — which management said they wouldn’t negotiate on the call though they did offer one tell: “I do not expect discounts.” They were also asked about the competitive threat from Starlink/SpaceX. Management pushed back, framing the company as a partner rather than a rival likening it to the arrival of wireless 40 years ago and fears it would cannibalize wireline. It did. But it also opened up whole new avenues of growth.
Long distance charges may apply: AT&T is popping 5% after profit beat expectations and added more subscribers than expected. Wireless post-paid subscribers increased 432,000 which was much higher than the 325,000 expected. The stock recently hit a 2-year low on competitive threats from SpaceX. In the face of that, AT&T has been working to have customers who have bundled mobile and internet services with the company. That now accounts 42.5% of their customer base. Free cash flow was also higher than expected and higher than last year. The fact that customer growth was stronger than expected amidst competition concerns explains the relief rally. I’ve owned AT&T for a few years now and will continue to hold through this period.
Good things come in small sizes: Super Micro is surging 12% pre-market after preliminary results showed its backlog hit a record with new orders of more than $60 billion. The AI server maker also projected significantly higher margins compared to its previous target (15-17% vs around 8%). This puts the company on track to beat expectations when it reports in August. Interestingly, the shares were much higher initially – near 20% – but have come down a bit as the tech trade is a pain point today.
Letdown: GE Vernova is falling 5% after earnings missed expectations and the outlook was disappointing. The renewable power maker faced headwinds in its wind business (ironic) with bigger losses, a 10% drop in sales and higher expenses. The stock has been a beneficiary of the AI trade because it is a major supplier of energy equipment to power them. There are signs that business is still very much in tact with the company saying it is basically sold out of its heavy-duty gas turbines until 2029.
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