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Carl Delfeld

Chief Analyst, Cabot Explorer

Carl Delfeld is a member of the Cabot investment team, and chief analyst of Cabot Explorer.

He received his Masters in Law and Diplomacy at the Tufts Fletcher School; worked for the First National Bank of Boston (now Bank of America) in London, serving as director of the Japan and South Korea Group; served as vice president at the investment bank Robert W. Baird & Company, developing new business in Tokyo, Hong Kong and Sydney; was Asia advisor to the U.S. Congressional Joint Economic Committee, the U.S. Finance Committee and the U.S. Department of the Treasury; wrote for Forbes Asia and the Far Eastern Economic Review; served as a member on the U.S. National Committee on Pacific Economic Cooperation and the Japan-U.S. Friendship Commission; was chairman of the Asian Pension Forum and wrote a book, titled, Red, White & Bold; the New American Century.

From this author
Robots aren’t taking over the world the way some had feared, but robotics are a big industry. Play the trend with this Japanese robot stock.
Winston Churchill’s amazing life offers some useful lessons that can be applied to investing. Here are 7 investing lessons we can take away.
This was a week to remember. The Explorer does not have any financial stocks, thankfully, though a couple of our small-cap ideas did not have a good week. Federal deposit insurance was introduced 90 years ago during the Great Depression. Ever since then, small depositors within the FDIC limit of coverage have escaped the fear of a bank failure.
Yesterday was Tesla’s annual investor day and it seems it came up a bit short regarding specifics.

Elon Musk started with a big number even by Washington standards, suggesting that realizing the vision for an energy transition could require some $7 trillion of investments in electric-vehicle manufacturing.
Nvidia has surpassed Intel as the largest semiconductor company by market cap. So let’s break down Intel vs. Nvidia stock.
Want a hedge against volatility and ongoing inflation? Try these two timber investments, which capitalize on an evergreen industry.
Retail sales rose 3% in January, the Census Bureau said yesterday, reversing November and December’s declines. Manufacturing output increased by 1%, following a steep 1.8% decline in December. Positive but slow growth right now might be just what we need to avoid more interest rate increases by the Fed.
The rise of financial technology has been a positive theme of late. With that in mind, these five fintech ETFs are worth your consideration.
Investing in monopolies is a good way to make money. But it can be difficult for U.S. investors. Where to find them? Start overseas.
It is only a month into 2023 but playing safe has not paid off as the Nasdaq 100 (QQQ) is the best-performing U.S. index ETF with a gain of 10.6% thus far. The small-cap Russell 2,000 (IWM) is next, up 9.8%. The Dow Jones 30 (DIA) – which fared the best in 2022 – is up only 2.95%.
A key theme of the Explorer is that there is always a bull market somewhere in the world. Today we offer a quick update on two – nuclear energy and electric vehicles.

All in all, the track record of nuclear energy is very good, especially when compared with the effects from comparable forms of energy.
As the world races to combat global warming, it will need nuclear power to do it. And these three nuclear energy stocks should benefit.
U.S. conglomerates, all the rage in the 1970s and into the 1980s, are still alive and kicking though investors prefer a more sector and global approach.

Yesterday, General Electric (GE) completed the spinoff of its healthcare business, GE HealthCare Technologies (GEHC). GE HealthCare, which makes MRI machines and other medical equipment, now trades on Nasdaq under the ticker symbol GEHC.
Portfolio Changes: Infineon Technologies (IFNNY): FROM BUY A HALF TO HOLD

Centrus Energy (LEU) shares were up a point this week but the Zacks Consensus Estimate for its current-year earnings has been revised 21% downward over the last 60 days. This is still a buy for aggressive investors as interest in expanding nuclear power gains momentum.
China’s incredible economic growth has been well documented, but wage growth is making other economies more attractive. India could be the next China if they play their policy cards right.
Emerging markets are a great investment, but frontier markets have even higher growth potential. Here are seven reasons they’re not as risky as you think.
Centrus Energy (LEU) shares retraced from 38 to 34 as three hedge funds were long Centrus in the third quarter, while six hedge funds were long the stock in the previous quarter. Their total stake values were $14.9 million and $14.7 million, respectively. This is still a buy for aggressive investors.
Warren Buffett became the world’s greatest investor by finding undervalued stocks. These three big oil stocks look right up his alley.
Centrus Energy (LEU) shares recovered five points this week to reach 35 as the Department of Energy announced that it and Centrus Energy’s American Centrifuge Operating, LLC will share the $150 million cost 50-50 to demonstrate production of a fuel called high assay low enriched uranium. This is still a buy for aggressive investors.
Centrus Energy (LEU) was steady this week as Congress seeks another $1.5 billion in a government funding bill to boost domestic supply of uranium to offset lost Russian fuel.

Ford (F) shares rose 7% this week as its October U.S. sales declined by 10% but electric vehicle (EV) sales rose nearly 120% year over year. It now claims to be the #2 EV seller in America behind Tesla.
Conventional wisdom says to pay down and manage debt, but don’t overlook the importance of responsible borrowing when opportunity arises.
Explorer stocks were all up this week though it is not clear we are out of the woods yet. Sociedad Química y Minera de Chile S.A. (SQM) jumped from 83 to 90, Infineon Technologies (IFNNY) shares had double-digit gains, and Kraken (KRKNF) was up 8% yesterday and almost 20% over the last two weeks as smaller stocks are in favor.
With U.S. stocks under pressure, now is a perfect time to diversify into international stocks through this Japanese tech company triple play.
Given recent market volatility, it’s time to refocus on managing portfolios and reducing stock investing risk. These tips will help.
Julian Robertson, who helmed the incomparable Tiger Management hedge fund, was a stock investing legend and left us with valuable lessons.
The best semiconductor stocks are poised to benefit from the recent CHIPs act, but they face a growing threat from a significant market.
You could make an argument that Taiwan Semiconductor (TSM) has become the most important company in the world. Here’s why.
A new bipartisan act passing through Congress (imagine that!) should give a big boost to semiconductor stocks. Here’s what it is.
The pandemic was bad for a lot of industries but not golf. Interest in the game is at multi-decade highs and these golf stocks could benefit.
Two blue-chip Japanese stocks, Honda and Sony, are teaming up to enter the booming electric vehicle fray. Should you invest in either?