Tales of Corporate Lovemaking | From the Gabelli Merger Arbitrage Desk
Gabelli: Pioneers in Event-Driven Value Investing Valentine’s Day is usually about romance, but in markets, it’s also a good excuse to talk about something equally emotional: deal-making. In 2025, corporate relationships ranged from straightforward strategic pairings to long, regulator-heavy engagements. In this piece, we’re sharing a handful of the most instructive transactions from the year […]
NATO Spending Overview: A Structural Change to the Defense Industry
NATO The media has propagated the misconception that the U.S. pays the majority of NATO’s budget. However, this is not true. For clarification, NATO’s total annual operating budget is only about $3.6 billion, and the U.S. contributes roughly 15.8% of that, or about $570 million per year. This budget covers NATO’s headquarters, administration, and […]
Unearthing Value: Gold, Cash Flow, and Opportunity in Western Australia
Our Visit to the Western Australian Mines In 2025, equity market volatility stemming from tariffs, sustained inflation, and geopolitical uncertainty pushed an increasing number of investors to rotate their portfolios towards gold. This rotation led the gold price to rise +65% in 2025 to over $4,500/oz[1]; on a two-year basis, gold prices have more than […]
2026 Outlook Energy Sector
– 2026 Outlook – Geopolitical tensions are keeping crude prices elevated, while natural gas prices remain volatile due to weather. The crude market was oversupplied by 2.2 million barrels in 2025. We expect the oversupply to increase to 2.3 million barrels in 2026. Long-cycle offshore projects from Brazil and Guyana began coming online in 2025. […]
Monthly Utilities Sector Update – Europe, Middle East & APAC
January 2026: Sector Outlook for 2026 What You Need To Know Although utilities trailed the broader market by a small margin of 0.3%, 2025 was a strong year for the utilities sector in general and for European Utilities in particular. While utilities jumped by 10.5% in Europe and gained 2.8% in Asia in Q4 2025, […]
Gabelli Growth Q4 Commentary
4Q25 Commentary Despite some drama along the way, “the show went on” during the fourth quarter. US stocks capped off a third consecutive year of double-digit returns as market leadership broadened, muddling through the longest federal government shutdown on record and some mixed economic data. The last US penny for general circulation was minted in […]
Gabelli Opportunities in Live & Sports ETF Investment Spotlight Series Vol I: Manchester United F.C.
Company overview Manchester United is among the world’s most prominent sports and entertainment brands, with a global reach that extends far beyond soccer. Based in Manchester, England, the club competes in the Premier League, the highest level of English football, and consistently features in major European competitions. Since its founding, the club has captured 67 […]
Utilities – U.S.
State of Power Demand: Full Steam Ahead Capital Investment Super-Cycle EPS (And Dividends) GROWTH US Utilities – State of Power Demand: Full Steam Ahead In 2025, the S&P 500 Utilities Index returned 16.0%, modestly trailing the S&P 500’s 17.9% gain and the NASDAQ’s 20.4% return. Most companies in the regulated utility universe generated […]
Top 10 Reasons to Own Gold Stocks
A GOLD Market Update from the Desk of Christopher Mancini, CFA. 1. Declining interest rates. There’s an opportunity cost to holding gold which has no yield. As interest rates decline, so does this opportunity cost. If the Fed continues to lower rates in 2026, demand for gold should rise. 2. Rising deficits. Gold […]
More Than Fun & Games… Public Market Sports Investing
Introduction: Why the Wealthy Buy Teams For many, ownership of a professional sports organization is the ultimate status symbol, granting access to an exclusive club and providing the psychic benefit that accompanies leading a passionate tribe with shared symbolism and history. Whether intended or not, team ownership has also proven to be an excellent […]
Reflections & Outlook 49th Annual Automotive Symposium November 3 – November 4, 2025
2025 Gabelli Funds Auto Symposium Conference Highlights Resilient Today, Adaptive for Tomorrow Our presenting management addresses to a transition marked by tariff-driven supply chain shifts, evolving consumer dynamics, and disciplined operational improvement. Despite differing cycles and challenges, every participant shared a unified message of resilience, pragmatism, and long-term optimism as the industry collectively builds […]
Monthly Utilities Sector Update – Europe, Middle East & APAC
December 2025: The Age of Electricity What You Need To Know November was another strong month for Utilities stocks in general and for European Utilities in particular. While the broader market (MSCI World index) lost steam and finished November with a small loss, the MSCI World Utilities carried the strong October performance (+3.0%) into […]