QuickNote: ServiceNow is actually a fantastic “software application” business, with high profits (29-30% Non-GAAP net margins, 19.3 GAAP), strong customer retention (98%+ renewals) and high revenue growth (above 20%). But what about the valuation?

Quick Note: Meta announced earnings and the shares are down 11% (mainly due to street analyst uncertainty around capex spending). Here are 5 quick takeaways:

Quick Note: Pepsi (PEP) announced earnings this morning (no position), and they mentioned their distribution partnership with fast-growing “energy drink,” Celsius Holdings (CELH).

Quick Note: Meta (aka Facebook) announced big earnings (beating expectations and raising guidance). The shares were up +15% in afterhours trading. Here are 6 key takeaways:

Quick Note: Sharing some updated BDC data as of today’s close. Yields remain attractively high, yet valuations are not particularly low, as much of the group is benefiting from increased investment income from floating rate loans while their own debts are fixed rate with some time before much of it resets higher.

Quick Note: Sharing data on over 100 big-yield REITs, sorted by industry group. As you can see, performance has been horrendous over the last two years, for some groups more than others. The unusual 1-2-3 punch or rising interest rates, an uncertain economy and the winds of secular change (for example, work-from-home and online shopping) have all played a big part.

Quick Note: Briefly sharing some updated data on big-yield CEFs on our watchlist. You’ll note a few standout for bigger than normal discounts and smaller than normal premiums (as per z-scores). Returns have been healthy for equity CEFs, but weak for bond CEFs (as interest rates have been rising). However, the interest rate environment is changing, and so are the opportunities going forward for bonds.

Quick Note: After announcing a dividend hike just last week, this week—big-dividend REIT WP Carey announced it would be spinning off its office properties and a dividend resizing (reduction) is forthcoming later this year. In this quick note, we offer our thoughts and opinion on investing.

Quick Note: Here is a look at updated performance for BDCs over recent (and longer) time periods. As you can see, the group has been strong this year, with many outpacing the S&P 500 yet still trading below reported book value. A few key observations, starting with Ares Capital and then moving on to some of the more “growth-focused” BDCs:

Quick Note: Barron’s thinks this beaten-down solar stock could jump 80%. We agree. It made our top 10 growth stocks list for this month, and in the quarters and years ahead, we believe the shares will be trading dramatically higher. You can read our previous full report on the business here.