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Recent Articles
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UnitedHealth Group’s Restored 2025 Outlook Falls Below Consensus Estimates
Jul 29, 2025
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Image Source: TradingView.
The new outlook for UnitedHealth Group reflects higher realized and anticipated care trends, but the insurance giant expects to return to earnings growth in 2026. UnitedHealth is contending with rising costs and an investigation from the DOJ related to its Medicare business. We expect to lower our fair value estimate of UnitedHealth Group upon its next update, but we continue to include shares in the newsletter portfolios.
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Waste Management Grows Adjusted Operating EBITDA Double Digits in Second Quarter
Jul 29, 2025
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Image Source: TradingView.
Through the first six months of the year, Waste Management generated $2.75 billion of net cash provided by operating activities, with free cash flow for the first half of the year coming in at $1.29 billion. Looking to all of 2025, management affirmed its adjusted operating EBITDA guidance midpoint of $7.55 billion, while it raised its free cash flow guidance by $125 million, to the range of $2.8-$2.9 billion. Total company revenue is targeted in the range of $25.275-$25.475 billion for the full year, with an adjusted operating EBITDA margin now expected in the range of 29.6%-29.9%, a modest increase from prior guidance. Waste Management is on track to achieve the upper end of its targeted synergies related to WM Health Solutions of $80-$100 million in 2025. We like Waste Management, but don’t include shares in any newsletter portfolio.
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IBM Expects to Generate $13.5+ Billion in Free Cash Flow in 2025
Jul 29, 2025
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Image Source: TradingView.
Year-to-date, IBM’s net cash from operating activities was $6.1 billion, with free cash flow coming in at $4.8 billion. IBM ended the second quarter with $15.5 billion of cash and marketable securities against debt, including IBM Financing debt of $11.7 billion, of $64.2 billion, up $9.2 billion year to date. Looking to full year 2025 expectations, IBM continues to expect constant currency revenue growth of at least 5%, and the firm now expects to generate more than $13.5 billion in free cash flow for the full year. We like IBM’s focus on free cash flow, but we don’t include shares in any newsletter portfolio.
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Dividend Increases/Decreases for the Week of July 25
Jul 25, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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