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Recent Articles
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3M Looks to a Brighter Future, Shares Rally 20%+
Jul 28, 2024
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Image Source: 3M’s second quarter results were better than feared.
3M’s stock rallied more than 20% following its second quarter earnings report, as the firm works to put settlements for faulty earplugs and PFAS pollution as well as its spin-off of Solventum behind it. With most of its troubles in the rear-view mirror, 3M can now focus more of its efforts on organic performance, which was solid in the second quarter, despite some portfolio/geographic shifts in its ‘Consumer’ division. 3M’s free cash flow conversion remains robust, and its net debt stood at a manageable ~$3 billion at the end of the quarter. Shares of 3M yield 2.2% at the time of this writing.
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Keeping the Horse Before the Cart: Valuentum’s Economic Castle™ Rating
Jul 27, 2024
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Image shown: An examination of the problem that might arise by focusing exclusively on companies that have economic moats, or sustainable and durable competitive advantages.
Without an economic castle, an economic moat doesn’t matter. Let's examine Valuentum's Economic Castle™ rating.
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Dividend Increases/Decreases for the Week of July 26
Jul 26, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Honeywell Adjusts Full Year 2024 Guidance on Margin Pressures
Jul 25, 2024
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Image: Honeywell’s shares have traded sideways for the past 12-18 months.
Honeywell is a fantastic company, and we continue to like shares in the Dividend Growth Newsletter portfolio. Second quarter results were better than expected, but the quarterly beat was overshadowed by lowered adjusted earnings per share and free cash flow guidance for 2024. Though the news wasn’t great, we’re not making any changes to our newsletter portfolios at this time. Shares of Honeywell yield 2% at the time of this writing.
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