Valuentum Exclusive Analysis for the Discerning Investor

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Dec 7, 2021

Dividend Growth Stocks Soar!
Image: Every stock in the Dividend Growth Newsletter portfolio is in the green today, with a little less than an hour left in the trading session! Image Source: Seeking Alpha. What a day for dividend growth stocks!

Dec 7, 2021

Meta Platforms (Facebook), One of the Most Underpriced Stocks on the Market
Image Shown: Meta Platforms Inc – Third Quarter of 2021 IR Earnings Presentation. We are huge fans of Meta Platforms and include shares of FB as an idea in the Best Ideas Newsletter portfolio. Our fair value estimate for Meta Platforms sits at $507 per share, well above where its shares are trading at as of this writing.

Dec 3, 2021

Best Idea Dollar General Announces Plans to Go International
Image Source: Dollar General Corporation – Fiscal 2020 Annual Report. We are big fans of Dollar General. The discount retailer has several big initiatives underway to extend its growth runway while boosting per store sales and enhancing its margins. Shares of DG have been treading water over the past few months after surging during the 2020 calendar year, though we still room for significant capital appreciation upside potential going forward. The company is a tremendous free cash flow generator, and we like shares of DG as an idea in the Best Ideas Newsletter portfolio.

Dec 3, 2021

Dividend Increases/Decreases for the Week December 3
Let's take a look at companies that raised/lowered their dividend this week.

Dec 2, 2021

Dividend Growth Idea Dick’s Sporting Goods Is Firing on All-Cylinders; Raises Guidance (Again) While Generating Gobs of Free Cash Flow
Image Source: Valuentum. On November 23, Dick’s Sporting Goods reported third quarter earnings for fiscal 2021 (period ended October 30, 2021) that beat both consensus top- and bottom-line estimates. The sporting goods retailer once again raised its full-year guidance for fiscal 2021 in conjunction with its latest earnings report. Dick’s Sporting Goods also raised its guidance when reporting its fiscal second quarter earnings back in August 2021 and its fiscal first quarter earnings back in May 2021, highlighting management’s growing confidence in the company’s near term performance. Though shares of DKS sold off following its latest earnings update, likely due to concerns over inflationary pressures and supply chain hurdles, Dick’s Sporting Goods’ outlook remains rock-solid. We continue to like the firm as an idea in the Dividend Growth Newsletter portfolio.

Nov 26, 2021

ICYMI: Time to Consider Buying Chinese Equities? Not Exactly.
Image Shown: Shares of Alibaba Group have plummeted over the past year in the wake of Beijing’s crackdown on China’s domestic tech and fintech titans. Is it finally time to start loading up on Chinese equities? We don't think so.

Nov 24, 2021

Ameresco Has Soared, Boosts Guidance (Again)
Image Shown: Shares of Ameresco Inc have boomed higher since we first wrote about the company on V.com back in August 2020. We include Ameresco as an idea in our ESG Newsletter portfolio and see ample room for further capital appreciation upside. On November 1, Ameresco reported mixed third-quarter 2021 earnings that missed top-line consensus estimates but beat bottom-line numbers. The company also raised its full-year guidance (again) for 2021 which saw the firm increase the midpoint of its revenue, gross margin, non-GAAP adjusted EBITDA, and non-GAAP EPS forecast. Ameresco also raised its full-year guidance for 2021 when it published its first quarter 2021 earnings report. We include Ameresco as an idea in our new ESG Newsletter portfolio and shares of AMRC have surged higher in recent months. On the website, we first wrote about Ameresco back in August 2020 and shares of AMRC have roughly tripled since then as of this writing.

Nov 19, 2021

Shares of Dividend Growth Idea Qualcomm Surge Higher
Image Shown: Shares of dividend growth idea Qualcomm Inc have skyrocketed since the start of November in the wake of its latest earnings update and favorable guidance put out during a recent investor day event. Over the next decade, dividend growth idea Qualcomm expects its addressable market opportunity will grow by $100 billion, reaching $700 billion, according to guidance put out during a big Investor Day event held on November 16. We appreciate Qualcomm’s ever-expanding growth runway and include shares of QCOM as an idea in the Dividend Growth Newsletter portfolio. On November 3, Qualcomm reported fourth-quarter fiscal 2021 earnings (period ended September 26, 2021) that beat both consensus top- and bottom-line estimates. Additionally, Qualcomm provided strong guidance for its first-quarter fiscal 2022 in conjunction with that report. Shares of Qualcomm have been off to the races since then, and as of this writing, shares of QCOM yield ~1.5%.

Nov 19, 2021

Cisco Systems Posts Solid Earnings Update; Supply Chain Hurdles Impacting Near Term Outlook
Image Source: Cisco Systems Inc – First Quarter of Fiscal 2022 IR Earnings Presentation. On November 17, Cisco Systems reported first quarter earnings for fiscal 2022 (period ended October 30, 2021) that missed consensus top-line estimates but beat consensus bottom-line estimates. Shares of CSCO fell initially after its latest earnings update was published due to its near-term guidance coming in a tad softer than expected, though we caution that this is primarily due to supply chain headwinds negatively impacting Cisco Systems and the networking hardware industry more broadly. As global health authorities work towards bringing the coronavirus (‘COVID-19’) pandemic to an end worldwide, the supply chain situation should improve going forward. We include Cisco Systems as an idea in both the Best Ideas Newsletter and Dividend Growth Newsletter portfolios. As of this writing, shares of CSCO yield ~2.6%.

Nov 18, 2021

Shares of Dividend Growth Idea Home Depot Roar Higher After Latest Earnings Update
Image Shown: Shares of dividend growth idea Home Depot Inc have surged higher year-to-date on the back of the home improvement retailer’s stellar operational performance and impressive free cash flow generating abilities. We liked what we saw in Home Depot’s latest earnings report published on November 16. Demand for home improvement activities appears to be holding up well, even as lockdown measures related to the COVID-19 pandemic ease up across North America. The outlook for housing activity and construction demand more broadly is quite bullish for several reasons including the need for US housing supply to catch up with new household formation and the large $1+ trillion US infrastructure fiscal stimulus bill that was recently signed into law. Home Depot has exposure to this upside via the Pro side of its home improvement retailing operations and its recently enlarged MRO business. We view Home Depot’s dividend growth trajectory quite favorably and continue to like shares of HD as an idea in the Dividend Growth Newsletter portfolio. In light of better-than-expected fundamental performance of late, we may tweak our cash flow valuation model of the firm. As of this writing, shares of HD are trading near the top end of our fair value estimate range (which currently sits at $397 per share).