Dividend Increases/Decreases for the Week Ending April 12
April 12, 2019
Below we provide a list of firms that raised their dividends during the week ending April 12. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Antero Midstream (AM): now $0.3025 per share quarterly dividend, was $0.164. Bed Bath & Beyond (BBBY): now $0.17 per share quarterly dividend, was $0.16. Clough Global Allocation Fund (GLV): now $0.1034 per share monthly dividend, was $0.1032. Clough Global Equity Fund (GLQ): now $0.1137 per share monthly dividend, was $0.1123. Clough Global Opportunities Fund (GLO): now $0.0893 per share monthly dividend, was $0.0882. Enterprise Products Partners
This Chart Changes Everything Quant
April 11, 2019
Image shown: Russell 3000 Value Divided by Russell 3000 Growth since September 1993, roughly one year after the publishing of the influential three-factor model. By Brian Nelson, CFA Recently, I wrote up my views on whether quant value is giving value investing a bad name. You can read that note here. The chart above changes everything quant. The chart is not so much about value and growth as it is about highlighting the hazards of extrapolating anything quantitative finance into the future. For those that don’t know why this chart is important, let me provide some background. The entire field of factor investing has been built on the idea that ambiguous and sometimes impractical metrics and data can be used to carve out
Dividend Increases/Decreases for the Week Ending April 5
April 5, 2019
Below we provide a list of firms that raised their dividends during the week ending April 5. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week ABB (ABB): now CHF 0.80 per share annual dividend, was CHF 0.78. Aon (AON): now $0.44 per share quarterly dividend, was $0.40. Artesian Resources (ARTNA): now $0.2459 per share quarterly dividend, was $0.2423. Bank OZK (OZK): now $0.23 per share quarterly dividend, was $0.22. Constellation Brands (STZ): now $0.75 per share quarterly dividend, was $0.74. Constellation Brands (STZ.B): now $0.68 per share quarterly dividend, was $0.67.
Tesla and GameStop Face Selling Pressure After Notable Disappointments
April 4, 2019
Image Source: Kamil Murat Yılmaz Tesla reported a significant shortfall in its first quarter 2019 deliveries amid global distribution growing pains, which called in to question its ability to deliver on its reiterated guidance for 2019. Meanwhile, video game retailer GameStop continues to face challenges presented by headwinds beyond its control and expects its revenue contraction to accelerate in fiscal 2019. We’re not interested in shares of either company. By Kris Rosemann Tesla’s First Quarter Deliveries Disappoint, But Full Year Guidance Reiterated Electric car maker Tesla (TSLA) stumbled out of the open April 4 after its April 3 release of its first quarter 2019 deliveries figure, which came in markedly short of expectations. 63,000 deliveries in the quarter was more
Risks Remain Prevalent For Mortgage REITs
April 3, 2019
Image shown: Mortgage REITs have held up better than master limited partnerships (MLPs) since mid-2015, but they haven’t exactly done well. For income investors, they may be the lesser of the two pain areas, but we’re still not really excited about them. By Kris Rosemann “The fundamental point remains sound: these are highly-levered, risky entities that depend on a number of factors beyond their control to generate profits.” – Kris Rosemann The Yield Curve Curve Is A Key Driver The mortgage REIT (mREIT) industry is not easy for many to understand, and even a great understanding of the space may not lead to investment success either. Many have stated that this area is not one in which individual investors should
Facebook’s Huge New Opportunity in Instagram Checkout, Reiterating Fair Value Estimate ~$230
April 3, 2019
Image Source: Facebook’s Instagram We continue to like Facebook, and we’re huge fans of Instagram Checkout. Many may not know it yet, but Instagram Checkout may mark the beginning of retailers’ websites becoming obsolete. The sell-off last summer in Facebook was a big gift for those that stuck with our thesis. Brian Nelson, CFA I think one of the things that financial advisors and financial planners do extremely well is explain the concept of patience to their clients. Can you imagine if a client cashed out upon every 15%-20% decline? That’d be a recipe for continuous disaster. On the path to the market setting broader market highs in 2018, there have been many disappointments along the way. There have been
Lyft Takes a Fall, S-1 Reads Like Business School Homework
April 2, 2019
Image Source: Lyft’s S-1 Reminiscences of the dot-com boom came back to the markets with the over-hyped initial public offering of Lyft, a stock that continues to get shellacked as its first days as a publicly-traded enterprise. Those that know Valuentum know that we wouldn’t touch such investments with a 10-foot pole. The company lost $43 per share in 2018. By Brian Nelson, CFA Call me old school, but I’m surprised as to the widely-accepted nature of the business models of Lyft (LYFT) and Uber, and other ridesharing services. For those that don’t know Lyft, the company maintains “peer-to-peer marketplace for on-demand ridesharing,” and thus far has “facilitated over one billion rides,” according to its S-1 filing. It generates almost
Big Bank Roundup, Bank of America Catches Our Eye
April 1, 2019
In this article, let’s catch up with how far the big 6 banks in the US have come since the height of the financial crisis exactly a decade hence. We will highlight the improvements in the banking system, some of the key risks, and a few high level thoughts about the individual franchises leading the US banking system. We like Bank of America the most, and we include diversified banking exposure in the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio. “Both a European bank crisis and/or a Chinese banking and economic crisis would be mutually reinforcing to the downside and a major cause of global deflation.” – Matthew Warren By Matthew Warren When you take a look at the
ATTN: Advisors and Planners — Disruption Is Looming
March 29, 2019
“With the commoditization of investment advice and intense competition from robos and other more cost-efficient solutions, growth-minded advisors want to create bespoke experiences for clients.” — WealthManagement.com By Brian Nelson, CFA Hi Valuentum members, colleagues and friends, Valuentum has a large subscriber base and is one of the most successful paid subscription financial information websites launched this decade. Over the past eight years or so, individuals, financial advisors and money managers from all over the world have subscribed to our services. We pride ourselves on independence and transparency, and we’re a champion of the investor. Today, I’d like to talk directly to our financial advisor, financial planner, and professional money-manager members. You probably already heard the news yesterday: Charles Schwab, which handles
Best Idea Verint Surges — Another Fortunate Call
March 29, 2019
Best Ideas Newsletter portfolio idea Verint (VRNT) surged after it reported fiscal fourth quarter earnings after the close March 27. The company was added to the Best Ideas Newsletter portfolio April 2017. It was a controversial idea, but it is paying off big time! This article was sent to members via email March 27. Note: The Financial Advisor Level member publications will be released April 15. By Brian Nelson, CFA Hi everyone, I wrote up a rather long email today. You can access that email here. One of our best ideas, Verint (VRNT) is surging. If you recall, this was quite the controversial name, but we stuck with it, and it is paying off nicely. The stock is rallying on upside first-quarter
