Thursday was jam-packed with news. Let’s jump to an abbreviated ‘Valuentum Take’ on each major news item in the spirit of Twitter’s (TWTR) 140 character limit. We don’t intend to do this too frequently, but we wanted to get our take out there in a timely fashion. We’re available for any questions.
Tweeting on Thursday
AK Steel $AKS issues strong outlook, but #steel industry far from attractive, among the worst in our coverage.
Tibco $TIBX issues poor outlook, while Red Hat $RHT exceeds expectations, puts up strong billings growth; both firms fairly valued.
Linn Energy $LINE back on track as SEC endorsement improves sentiment; we prefer $KMP and $ETP in DG portfolio.
Darden $DRI to part with Red Lobster; core business still struggling; #uncertainty heightened. Not interested.
McDonald’s $MCD could do better; Japan and #MightyWings expose weakness; #dividend growth slowing.
Annaly $NLY cuts dividend; #Valuentum members were expecting cut; no interest in #mREITs. Best call of year.
Gold $GLD slumps to six-month low; greater fool thesis coming to fruition. Weak fundamental support for yellow metal.
Target’s $TGT credit card #security breach disappointing, not catastrophic. Fundamental performance could improve.
GE $GE continues to de-risk; focus on industrial operations. Order growth to drive nice #dividend expansion.
Realty Income $O may feel some pressure from rising rates, but fundamentals still sound. Solid #monthly dividend.
Tickers mentioned: AKS, TIBX, RHT, LINE, DRI, MCD, NLY, GLD, TGT, GE, O