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Recent Articles
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Target’s Holiday Outlook Sends Mixed Messages; Big Sales Data Week Ahead
Nov 21, 2022
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Image Source: Valuentum.
Both Walmart and Target indicated that discretionary spending may face some pressure heading into the holiday season. Strength in beauty, skin care, and cosmetics may not be enough to cushion the blow that home electronics, sporting goods retailers, and toy makers may face. Though incrementally more positive than we were a few months ago, we remain cautious/defensive on the markets. In light of the tremendous weakness share prices have faced so far this year, we think the market had been anticipating the current slowdown, as retailers continue to adjust to a more difficult economic environment. We continue to wait to see how Black Friday and Cyber Monday numbers shake out to get an incrementally better read on how holiday numbers may pan out, which will have far-reaching implications across the retail and logistics landscapes.
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The Case for the Valuentum Style of Investing
Nov 19, 2022
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We provide the white paper supporting our innovative, forward-looking stock-selection methodology.
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Dividend Increases/Decreases for the Week of November 18
Nov 18, 2022
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Let's take a look at firms raising/lowering their dividends this week.
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Cisco Raises Fiscal 2023 Guidance But Orders Face Difficult Comps
Nov 17, 2022
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Image: Cisco’s annualized recurring revenue (ARR) continues to advance nicely. Image Source: Cisco.
Cisco’s first-quarter results for fiscal 2023, released November 16, were solid, and the firm’s pace of annualized recurring revenue continues to advance nicely, giving it nice visibility into future performance. The networking giant raised its guidance for fiscal 2023 for both the top- and bottom-lines, though we note that product orders did fall meaningfully in the quarter on a year-over-year basis (but this was largely due to a tough comparison from last year's period). Its free cash flow generation was solid in the quarter, and we continue to like the company’s net cash position. Cisco continues to buy back its own undervalued stock and yields an attractive ~3.4% at this time.
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