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Recent Articles
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Nike’s Fourth-Quarter Fiscal 2023 Earnings Miss Not Tragic But Better Opportunities Elsewhere
Jul 4, 2023
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Image: Valuentum.
On June 29, Nike reported fourth-quarter fiscal 2023 results for the period ending May 31, 2023. During the quarter, revenue advanced 5% and 8% on a currency-neutral basis, but investors mostly focused on Nike’s bottom line, where diluted earnings per share fell 27%, to $0.66, missing the consensus estimate by a couple pennies. The firm expects material improvement in fiscal 2024, but we’re skeptical of just how much. We like better opportunities elsewhere.
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Tesla Registers Record Total Deliveries in Second Quarter 2023
Jul 4, 2023
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Source: Tesla.
We’ve liked Tesla’s share-price strength so far this year, and record total deliveries during the second quarter of 2023 help to continue to support its impressive share-price move. The high end of our fair value estimate range of Tesla stands at $335 per share, meaning shares of Tesla still have more room to run. The company remains one of the most speculative ways to play U.S. equities.
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Walmart's 'Great Value' Brand and Position Across Retail Never Stronger
Jul 4, 2023
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Image: Walmart’s shares have gotten back on track.
We think Walmart’s ‘Great Value’ brand and position across bargain retail has never been stronger, and its share price reflects a company that is at a sweet spot of consumer demand as rivals continue to struggle. The high end of our fair value estimate range of Walmart stands north of $170, and shares yield ~1.4% at the moment. We’re liking what we see at Walmart these days.
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Dividend Increases/Decreases for the Week of June 30
Jun 30, 2023
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Let's take a look at firms raising/lowering their dividends this week.
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