NVDA

Apple Charging Higher

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Image Shown: Shares of Apple Inc continue to climb higher and we like the name in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios. This is a long-term holding with substantial potential capital appreciation and dividend growth upside. By Callum Turcan Apple Inc (AAPL) is a top holding in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios, with shares of AAPL yielding ~1.1% as of this writing. The top end of our fair value range estimate for shares of AAPL sits at $280, decently above where shares are trading at as of this writing. Considering the favorable technicals Apple has experienced of late, we see substantial room for shares to move higher still. Please keep in … Read more

Intel’s Resilient Free Cash Flows and Improving Outlook

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Image Shown: Shares of Intel Corporation have resumed their upward climb after stumbling during the middle of 2019. We continue to like the name in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios. By Callum Turcan Intel Corp (INTC) is another one of our favorite companies and is included in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios. After coming under fire during the middle of 2019, INTC is back on a nice upward trajectory. The top end of our fair value range estimate sits at $61 per share of INTC, indicating there’s plenty of room for Intel to run higher. Shares of INTC yield 2.2% as of this writing, and we view the company’s dividend … Read more

Intel Still One of Our Favorite Ideas

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Image Source: Intel Corporation – August 2019 IR Presentation By Callum Turcan A holding in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios, shares of Intel Corporation (INTC) have been on a strong upward tear since August. We continue to like the company as it appears shares of Intel are converging towards the top end of our fair value estimate range ($61 per share), with INTC trading at roughly $58.50 per share as of this writing. Looking ahead, Intel’s solid 2.1x Dividend Cushion ratio provides support for a quality dividend growth story (we rate Intel’s Divided Growth trajectory as EXCELLENT), and shares of Intel yield ~2.2% as of this writing. Image Shown: Shares of Intel appear to be … Read more

Portfolio Holdings Intel and Visa Hit It Out of the Park

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Image Shown: Shares of Intel Corporation leapt higher on Friday October 25 as the market digested its solid earnings report and guidance for this quarter. By Callum Turcan Intel One of our favorite Dividend Growth Newsletter and Best Ideas Newsletter portfolios holdings, Intel Corporation (INTC), posted third quarter fiscal 2019 earnings (period ended September 28) on October 24 that handily beat consensus top and bottom line estimates. Revenue in the third quarter on a GAAP basis came in at $19.2 billion, flat year-over-year, which management noted was $1.2 billion higher than guidance issued out in July. This outperformance was driven by Intel’s ‘data-centric’ offerings, with sales up 6% year-over-year, as Intel Xeon processors for data centers sold well. Additionally, Intel … Read more

ICYMI: Interview with Valuentum’s President Brian M. Nelson, CFA

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Catch up with Valuentum’s President Brian M. Nelson, CFA in a recent interview with dividend growth investor Arne Magnus Lorentzen Ulland of the blog stockles. By Brian Nelson, CFA Recently, I was interviewed by Arne Magnus Lorentzen Ulland of the blog stockles. Arne is a dividend growth investor like many of you, and I sincerely hope you enjoy the interview he put together. I’m very grateful for his interest. His questions were fantastic. We discuss why and how I incorporate independence and integrity into the service at Valuentum. We go into detail regarding why Valuentum views stocks the way it does, and how Valuentum combines enterprise valuation and the information contained in prices in its stock-selection process. I discuss the pitfalls … Read more

Semiconductors Broadcom and Cree Push Forward in an Uncertain Environment

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Image Source: Broadcom Inc – IR Presentation By Callum Turcan Broadcom (AVGO) posted third quarter earnings for its fiscal 2019 on September 12. The semiconductor and enterprise software giant reported GAAP revenues of $5.5 billion (up 9% year-over-year) and non-GAAP diluted EPS of $5.16 (up 4% year-over-year). The initial reaction from Wall Street was pessimistic on September 13 but shares of AVGO climbed later in the trading session to recover some of those initial losses. Reiterating FY2019 Outlook, FY2020 Outlook Uncertain Right off the bat, one thing we think is very important is that Broadcom reaffirmed revenue guidance for FY2019 calling for $22.5 billion in net sales ($17.5 billion from semiconductor solutions and $5.0 billion from infrastructure software sales). However, … Read more

Nvidia Beats Low Expectations and Shares are Rewarded Accordingly

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Image Source: Nvidia Corporation – IR Presentation By Callum Turcan Nvidia Corporation (NVDA), like the rest of the semiconductor industry, has been on a wild ride over the past few years. On the one hand, the industry has benefited from the cloud-computing build out and the rise of smartphones, along with the emergence of autonomous driving, the internet of things (“IoT”), machine learning, and artificial intelligence. On the other hand, semiconductors are now contending with headwinds from the bust in the cryptocurrency craze, the sharp slowdown in data center investments due in part to ongoing trade wars, and other factors like excess inventory. Expectations were very low for Nvidia heading into its second quarter FY2020 earnings, released August 15, which … Read more

Nvidia Scraps Full-Year Guidance, Market Balks

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Image Source: Nvidia Corporation – IR Presentation By Callum Turcan Nvidia Corporation (NVDA) designs chips for data centers, PCs and laptops with a heavy focus on gaming performance, next-generation automobiles (such as autonomous vehicles), and other purposes. The company is built around two segments, GPUs (graphics processing units for visual, AI, and cloud computing uses) and Tegra Processors (integrates GPUs and CPUs, central processing units, into one chip for mobile devices, gaming systems, entertainment systems, autonomous vehicles, and other uses). Management breaks down the markets Nvidia is targeting into four categories; Gaming, Visual Performance, Datacenter, and Automotive. Due to its low payout ratio, Nvidia yields just 0.4% as of this writing, but we think the company could become a meaningful … Read more

Markets Swooning, Expect Extreme Volatility, Finger on Put-Option Trigger

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Image shown: We notified members December 26 that we had  moved  the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio to a “fully invested” position, from a 30% and 20% cash “weighting” at the high end of the range, respectively.  — No change to simulated newsletter portfolios…at this time.  — Hi everyone, — Hope you’re navigating these tumultuous markets well.   — If you recall, during the holiday season last year, we had moved the Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio to “fully invested.” See image above (point of the arrow). Because many members were traveling and out of the office, not all were able to read the notification until a week or two after. They were … Read more

Recently Asked Questions

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Image Source: Eric A version of this article appeared on our website November 2015. Article last updated June 2017. Republished May 7, 2019. The following questions cover the following topics: 1) Can you explain what the Dividend Cushion ratio measures and what it doesn’t? 2) Can you explain the difference between the raw, unadjusted Dividend Cushion ratio and the adjusted Dividend Cushion ratio? 3) Can you talk more about the Valuentum Buying Index (VBI) ratings? Why do some of your favorite ideas in the newsletter portfolios have lower VBI ratings than ones that are not in the newsletter portfolios? 4) Can you explain why you don’t always include companies in the newsletter portfolios that have strong Economic Castles, solid Dividend … Read more