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2,350-2,750 on the S&P? Could the Coronavirus Catalyze a Financial Crisis?
Image: We think a rather modest sell-off in the market to the target range of 2,350-2,750 on the S&P 500 is rather reasonable in the wake of one of the biggest economic shocks since the Global Financial Crisis. The chart above shows how far markets have advanced since 2011, and an adjustment lower to the target range of 2,350-2,750 is rather modest in such a context and would only bring markets to late 2018 levels (note red box as the target range). The range reflects ~16x S&P 500 12-month forward earnings estimates, as of February 14, adjusted down 10% due to COVID-19. When companies like Visa talk about a couple percentage points taken off of growth rates, one knows that … Read more
Vodafone’s Dividend Cut, Alibaba’s Resilience, More Reports
Vodafone’s Dividend Cut, Alibaba’s Resilience, More Reports In alphabetical order by company name: A, BABA, PLCE, GES, M, NSANY, RL, TLRY, VOD — Good morning, — Still buying stocks immediately as they fall and on the way down? There may be no logical basis for doing so. Here’s an excerpt from Value Trap: Theory of Universal Valuation. — Image: Excerpt from Value Trap, page 241 — Order your copy here. — The market must eventually agree with you for your idea to work out, so why not wait until the stock starts to move higher first. Waiting a few weeks or a few months/quarters to see if the stock eventually settles and technical/momentum indicators start to improve is vital in helping … Read more
Cisco Rallies Big Time!
Image shown: Performance of the S&P 500 (SPY) since August 2017. As US equities continue their newly-found volatility, let’s take a look at some recent earnings reports and other developments around the markets. Cisco, the workhorse of both simulated newsletter portfolios, put up a fantastic report and upped its dividend. Berkshire continues to love Apple, and we maintain the view that the 10-year Treasury rate may be the greatest determinant of how well stocks perform in the coming decades. Airlines, garbage stocks, the “gas tax,” and more. By Kris Rosemann and Brian Nelson, CFA Do you know how happy it makes us to say that Cisco (CSCO) has been a staple of both the simulated Best Ideas Newsletter portfolio and … Read more
Dividend Increases/Decreases for the Week of February 24
Below we provide a list of firms that raised their dividends during the week ending February 24. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Albemarle (ALB): now $0.40 per share quarterly dividend, was $0.395. Alerus Financial Corporation (ALRS): now $0.18 per share quarterly dividend, was $0.16. AMERISAFE (AMSF): now $0.34 per share quarterly dividend, was $0.31. Assured Guaranty (AGO): now $0.28 per share quarterly dividend, was $0.25. BankUnited (BKU): now $0.27 per share quarterly dividend, was $0.25. Barclays (BCS): now $0.237 per share semi-annual dividend, was $0.105. Bay … Read more
Stock Market Outlook for 2021
By Valuentum Analysts February 8, 2021 2020 was one for the history books. We covered our thoughts and reflections on the past year in our “2020 Won’t Soon Be Forgotten” article (link here), and now we are looking towards the future. Global health authorities should be able to bring an end to the ongoing coronavirus (‘COVID-19’) pandemic sooner than many had expected as several vaccines have already been improved for emergency use and several others appear increasingly likely to get approved. Global vaccine distribution activities are currently underway, and this should allow the world to slowly return to pre-pandemic activities. Before then, immense stimulus measures launched primarily in developed nations should support global economic activities until the public health crisis … Read more
US Congress Is Getting Ready to Pass a Massive ~$2.2 Trillion Fiscal Stimulus Bill
Image Shown: US equities have started to recover some of their lost ground as the likelihood that the US Congress will pass a massive ~$2.2 trillion fiscal stimulus and emergency spending package, dubbed the CARES Act, has increased significantly over the past week as seen through the bounce in the SPDR S&P 500 ETF Trust (SPY). President Trump has clearly indicated that he intends to sign such a bill into law as soon as possible, with the US House of Representatives expected to take up the legislation this upcoming Friday morning on March 27. By Callum Turcan On March 25, the US Senate worked late into the night to secure a bipartisan compromise on a massive ~$2.2 trillion fiscal stimulus … Read more
Dividend Increases/Decreases for the Week August 20
Below we provide a list of firms that raised their dividends during the week ending August 20. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week American Financial’s (AFG): now $2.24 per share annual dividend, was $2.00. Aptiv PLC 5.5% CNV PFD A (APTV.PA): now $1.375 per share quarterly dividend, was $0.22. Brigham Minerals (MNRL): now $0.35 per share quarterly dividend, was $0.32. Cable One (CABO): now $2.75 per share quarterly dividend, was $2.50. Cboe Global Markets (CBOE): now $0.48 per share quarterly dividend, was $0.42. Dean Foods (DF): now $0.10 per … Read more
Dividend Increases/Decreases for the Week of February 23
Below we provide a list of firms that raised their dividends during the week ending February 23. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week ACE Aviation Holdings Inc. (ACAVF): now $0.16 per share dividend. Aker BP ASA (AKRBY): now $0.1738 per share quarterly dividend, was $0.1577. Allstate (ALL): now $0.92 per share quarterly dividend, was $0.89. AMERISAFE (ASMF): now $0.37 per share quarterly dividend, was $0.34. Analog Devices (ADI): now $0.92 per share quarterly dividend, was $0.86. Armada Hoffler Properties (AHH): now $0.205 per share quarterly dividend, was … Read more