NDAQ

Valuentum’s 3 Breakthroughs in the Field of Finance and More

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Valuentum’s President Brian Nelson pauses for a picture before speaking at the CFA Society of Houston in March 2017. By Valuentum Editorial Staff Let’s cover Valuentum’s 3 major breakthroughs in the field of finance. The first one is big and may challenge you to rethink everything you think you know about investing. 1. On a logical framework, Valuentum has debunked John C. Bogle’s landmark syllogism that has paved the way for the concept of index investing. Index investing has been built on a logical shortcoming, whether supported by evidence or not. We think it is important that the investment community know of this. Read (pdf): The “Luck” and “Randomness” of Index Funds (2018), Brian Nelson, CFA See video documentation: /FALLACY_of_Index_Funds To … Read more

The Coming “Goldman Sachs Era”

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Valuentum covers recent developments in the financials sector, including hopes for a relaxation of certain prohibitive Dodd-Frank rules that, if repealed, could pave the way for improved economic returns across the banking sector during the Trump administration. A look back at the month of September 2008, and how Goldman Sachs may very well shape the financial markets during the next few years are two other areas in the piece. Financials stocks have come roaring back since Trump was elected the 45th President of the United States. We’ve participated. By Brian Nelson, CFA It’s been more than 8 years now. The month of September 2008 shaped my view of the financials and banking sector more than any other month possibly could–The … Read more

Podcast: Why ETFs and Roasting the Banks

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The Valuentum analyst team talks about why we don’t like the business models of banking entities, why they are currently destroying economic value, but also why the team includes exposure in the Best Ideas Newsletter portfolio. What gives? Find out in this ~9 minute podcast. If you cannot view the video, please view the transcript that follows. Tickerized for holdings in the exchange traded funds, XLF and KBE, and for various financials-oriented ETFs.  Kris Rosemann: Hello and welcome to the Valuentum Securities podcast. My name is Kris Rosemann Associate Investment Analyst at Valuentum. With me is Chris Araos and Brian Nelson President of Equity Research and ETF Analysis at Valuentum. Today, we are going to have a quick discussion over … Read more

Dividend Increases/Decreases for the Week Ending April 1

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TJX raised its quarterly dividend 24% March 29. Image Source: Mike Mozart Below we provide a list of firms that raised/lowered their dividends during the week ending April 1. 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 Bank of the Ozarks (OZRK): now $0.155 per share quarterly dividend, was $0.15. Banner (BANR): now $0.21 per share quarterly dividend, was $0.18. City Holding (CHCO): now $0.43 per share quarterly dividend, was $0.42. Dollarama (DLMAF): now $0.10 per share quarterly dividend, was $0.09. Glacier Bancorp (GBCI): now $0.20 per share quarterly dividend, was … Read more

Valuentum Economic Castleâ„¢ Rating Update

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Read: Keeping the Horse Before the Cart: Valuentum’s Economic Castle™ Rating The Economic Castle Focuses on the Magnitude of Economic Value Creation The Valuentum Economic Castle™ rating is an enhancement of the competitive advantage framework (commonly known as economic moat analysis) that has become widespread and ubiquitous within the investing world. Whereas an economic moat framework evaluates a firm on the basis of the sustainability and durability of its competitive advantages, Valuentum’s Economic Castle™ rating evaluates a firm on the basis of the firm’s future economic profit spread (return on invested capital less its weighted average cost of capital). The companies with the strongest Valuentum Economic Castle™ ratings are poised to generate the most economic value for shareholders in the … Read more

Dividend Increases for the Week Ending March 28

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Below we provide a list of firms that raised their dividends during the week ending March 28. 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 Air Industries (AIRI): now $0.15 per share quarterly dividend, was $0.125. Banner Corp (BANR): now $0.18 per share quarterly dividend, was $0.15. City Holding Company (CHCO): now $0.40 per share quarterly dividend, was $0.37. DiamondRock Hospitality (DRH): now $0.1025 per share quarterly dividend, was $0.085 JPMorgan Chase & Co. (JPM): now $0.40 per share quarterly dividend, was $0.38. Kayne Anderson Energy (KED): now $0.51 per share … Read more

The Tale of Three Valuentum Buying Index Ratings of 9

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Just like a sell-side analyst isn’t required to reiterate his or her buy/sell/hold recommendations every day (despite immaterial week-to-week pricing changes), we don’t reiterate our Valuentum Buying Index ratings every day either. However, as with sell-side recommendations, our Valuentum Buying Index ratings still represent our current opinion. It should be assumed that, if a firm’s report (one that’s dated September 2013, for example) states that the firm’s VBI rating is a 9, the company’s current VBI rating is a 9. Just like in the case of when a sell-side analyst issues a ‘Buy’ recommendation in September 2013, the sell-side analyst would still have a ‘Buy’ recommendation on the stock today (until the recommendation is changed). This dynamic is the only way that our system is … Read more

Dividend Increases/Decreases for the Week April 23

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Below we provide a list of firms that raised their dividends during the week ending April 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 1st Source (SRCE): now $0.30 per share quarterly dividend, was $0.29. Advance Auto Parts (AAP): now $1.00 per share quarterly dividend, was $0.25. AGCO (AGCO): now $0.20 per share quarterly dividend, was $0.16. Alpine Income Property Trust (PINE): now $0.25 per share quarterly dividend, was $0.24. Avery Dennison (AVY): now $0.68 per share quarterly dividend, was $0.62. The Bank of Princeton (BPRN): now $0.18 per share … Read more

Nelson: The 16 Most Important Steps To Understand The Stock Market

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A previous version of this article appeared on our website July 21, 2013. Refreshed and updated throughout, as of July 2018. By Brian Nelson, CFA After earning my MBA at the University of Chicago Booth School of Business and training stock and credit analysts from large organizations over the past decade or so, I have heard just about every question (though I admit I am still surprised by many things and remain a very humble student of the markets). I’ve also spent years perfecting the discounted cash flow process for large research organizations such as Morningstar and studied under one of the most famed aggressive growth investors of all time, Richard Driehaus. My knowledge runs the gamut from value through … Read more