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Recent Articles
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Honeywell Raises Outlook for 2023; Backlog Remains Strong
May 1, 2023
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Image: Honeywell continues to experience strong fundamental momentum across the board. Image Source: Honeywell.
We liked Honeywell’s first-quarter 2023 report, released April 27, and its raised outlook for 2023. We remain huge fans of Honeywell’s ~2.1% dividend yield, and we support Honeywell’s COO Vimal Kapur who will succeed Darius Adamczyk as CEO on June 1, 2023. Our fair value estimate for Honeywell remains $210 per share. With shares trading at ~$200 at the time of this writing, there’s still valuation upside to the Honeywell story, in our view.
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Case Study: How to Assess Earnings Quality
May 1, 2023
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How a lack of a focus on return on invested capital and economic profit and an emphasis on accounting measures and earnings per share in IBM's executive incentive programs brought down Big Blue. In this case study, let's discuss the five basic areas that we at Valuentum evaluate to assess the quality of a firm's earnings.
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The Energy Sector Has Had a Great Run
Apr 28, 2023
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Image: The energy sector was the top-performing sector during 2022. Exxon Mobil's and Chevron's first-quarter 2023 results were strong but as expected.
The energy sector may have another good year or two in the next five-to-seven years, but our favorite areas for long-term investors remain large cap growth and big cap tech. Let’s say the only thing you ever read about investing was the book Value Trap, and after reading it, you decided to go long large cap growth and stay away from small cap value. You would be dancing right now.
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Dividend Increases/Decreases for the Week of April 28
Apr 28, 2023
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Let's take a look at firms raising/lowering their dividends this week.
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