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Recent Articles
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What to Do During This Market Selloff
Aug 4, 2024
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In short, nothing.
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Apple Beats Expectations, Remains a Free Cash Flow Cow
Aug 2, 2024
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Image: Apple’s shares have done quite well since the beginning of 2022.
We liked Apple’s calendar second quarter (fiscal third quarter) results, as the firm outpaced consensus expectations for both Products and Services revenue. Apple’s balance sheet remains pristine, and its strong free cash flow easily covers its dividend. The company continues to buy back stock, and while there were pockets of weakness in the quarterly report, including revenue in Greater China, we like the company’s positioning in artificial intelligence, as we await a strong upgrade cycle for its next-generation iPhone. Shares yield 0.5% at the time of this writing.
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Dividend Increases/Decreases for the Week of August 2
Aug 2, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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In the News: MO, META, QCOM, PSA, ALB
Aug 1, 2024
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Image Source: Meta Platforms.
Altria's improved performance will be weighted to the second half of 2024. Meta Platforms remains a free cash flow generating powerhouse. Qualcomm's free cash flow has been impressive as well. Public Storage cut its funds from operations (FFO) outlook on weak customer move-in rents driven by the competitive environment, while Albemarle continues to suffer from reduced lithium market pricing.
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