Valuentum Exclusive Analysis for the Discerning Investor

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Sep 1, 2022

Update on Newsletter Portfolio Idea Apple
Image Shown: Shares of Apple Inc have rebounded strongly from their recent lows as of late August 2022. Apple reported third quarter results for fiscal 2022 (period ended June 25, 2022) that beat both consensus top- and bottom-line estimates. Management also noted during Apple’s latest earnings update that supply chain constraints were beginning to ease a bit and that Apple’s near-term growth outlook was improving. We continue to like Apple as an idea in the newsletter portfolios. Shares of AAPL yield ~0.6% as of this writing, and there is an enormous amount of room for Apple to aggressively grow its per-share payout going forward given its financial strength.

May 12, 2022

Dividend Growth Idea Qualcomm Beats Estimates; Near Term Guidance Incredibly Bright
Image Shown: Dividend growth idea Qualcomm Inc has a stellar cash flow profile. Image Source: Qualcomm Inc – 10-Q SEC filing covering the Second Quarter of Fiscal 2022. Qualcomm recently reported second quarter earnings for fiscal 2022 (period ended March 27, 2022) that beat both consensus top- and bottom-line estimates. The company is a leader in the technologies relating to 5G wireless, Internet of Things (‘IoT’) trend, semi-autonomous and autonomous driving, and handset operations. We include Qualcomm as an idea in the Dividend Growth Newsletter portfolio as we view its dividend strength and payout growth outlook quite favorably. Shares of QCOM yield ~2.3% as of this writing. The firm’s latest earnings update and near term guidance reinforces our bullish view towards the name.

Jan 27, 2022

Apple Blows Past Expectations in Fiscal First Quarter!
Image Source: Valuentum. On January 27, 2022, Apple put up one of the best quarters by any company in history and a record for the Cupertino-based iPhone-making giant. Revenue for the quarter ending December 25, 2021, of $123.9 billion advanced 11% on a year-over-year basis, while quarterly earnings per share came in at $2.10. The top line beat expectations by more than $5 billion, even with supply chain hurdles, and the bottom-line beat of $0.20 per share was more than 10%, a huge delta considering the size of the company. We’re viewing the report very positively, and we think the strong performance may ease some broader market concerns. Apple’s gross and operating margins looked healthy, and only performance in its iPad division came in a bit light, but this was almost entirely driven by supply chain issues. Apple generated a solid $19.5 billion in revenue from its ‘Services’ division during the period, up from $15.8 billion in the year-ago quarter, showcasing its ever-growing and “sticky” installed base. Warren Buffett is a big owner of Apple’s stock, and we continue to be in favor of buybacks at Apple, too, even at these price levels. Though Apple’s market capitalization is sizable, we value shares close to $190 each at the high end of our fair value estimate range. Apple remains one of our favorite ideas in the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio.

Nov 23, 2021

Nvidia Continues to Deliver in the Face of Global Supply Chain Crunch
Image Source: Nvidia Corporation – September 2021 IR Presentation. On November 17, Nvidia Corp reported third quarter earnings for fiscal 2022 (period ended October 31, 2021) that beat both consensus top- and bottom-line estimates, and the firm provided favorable guidance covering the current fiscal quarter. The company has done a solid job navigating the ongoing shortage of semiconductor components along with other hurdles such as logistical bottlenecks and inflationary pressures. Nvidia’s growth runway is enormous as it intends to expand into a new market within the semiconductor space, which we will cover in this note. Shares of NVDA have leapt higher during the past month as the “chip” company’s (Nvidia designs chips that are produced by third parties) fundamental performance has been nothing short of stellar while its outlook continues to get brighter and brighter.