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Recent Articles
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Philip Morris’ Smoke-Free Portfolio Continues to Gain Traction
Jul 23, 2025
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Image Source: TradingView.
Looking to 2025, Philip Morris is targeting reported diluted earnings per share in the range of $7.24-$7.37 versus $4.52 last year. Adjusted diluted earnings per share is expected in the range of $7.43-$7.56 versus $6.57 last year. Adjusted diluted earnings per share, excluding currency, is budgeted in the range of $7.33-$7.46 versus $6.57 last year. In the second quarter, Philip Morris’ smoke-free business accounted for 41% of total net revenue, as it continues to benefit in part from rampant ZYN adoption. In the U.S., “ZYN reaccelerated its offtake growth to approximately 36% in June, and 26% in Q2 overall as measured by Nielsen." We continue to like Philip Morris’ smoke-free business and have no qualms with it as a idea in the High Yield Dividend Newsletter portfolio.
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Lockheed Martin Announces Program Losses
Jul 23, 2025
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Image Source: TradingView.
Looking to 2025, Lockheed Martin reiterated its sales guidance in the range of $73.75-$74.75 billion, but it cut its business segment operating profit expectations for the year to the range of $6.6-$6.7 billion from $8.1-$8.2 billion. Diluted earnings per share for 2025 is now expected in the range of $21.70-$22.00, down from the range of $27.00-$27.30 previously. Lockheed maintained its cash flow from operations guidance for 2025 in the range of $8.5-$8.7 billion. It also maintained its free cash flow guidance for the year in the range of $6.6-$6.8 billion. We didn’t like the announced pre-tax losses on programs but were encouraged that Lockheed stuck with its annual free cash flow outlook. Lockheed Martin remains an idea in the Dividend Growth Newsletter portfolio.
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Domino’s Same Store Sales Growth Beats Expectations
Jul 23, 2025
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Image Source: Domino's.
During the quarter, Domino’s global net store growth was 178, consisting of 30 net store openings in the U.S. and 148 net store openings internationally. Net income in the quarter declined 7.7%, but this was primarily due to an unfavorable charge of $27.4 million associated with the company’s investment in DPC Dash Ltd and a higher effective tax rate. Diluted earnings per share was $3.81 in the second quarter, down from $4.03 in the second quarter of 2024. Net cash provided by operating activities was $366.9 million in the first half of 2025, up from $274.2 million, and free cash flow was $331.7 million in the first half of 2025, compared to $230.5 million in the first half of 2024. We continue to like Domino’s as an idea in the Best Ideas Newsletter portfolio.
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Kinder Morgan Expected to Capitalize on Natural Gas Demand
Jul 20, 2025
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Image Source: TradingView.
Looking to 2025, Kinder Morgan expects net income to be $2.8 billion, up 8% when compared to last year’s tally. Adjusted earnings per share is targeted at $1.27, which is 10% better than the mark achieved in 2024. Kinder Morgan expects to declare dividends of $1.17 per share for 2025, which represents an increase of 2% from dividends declared in 2024. Finally, the pipeline giant has budgeted 2025 adjusted EBITDA of $8.3 billion, up 4% versus 2024, while it plans to end 2025 with a net debt-to-adjusted EBITDA ratio of 3.8 times. We like Kinder Morgan, but don’t include shares in any newsletter portfolio.
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