NVDA

Dividend Growth Newsletter Portfolio Earnings Roundup

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Three simulated Dividend Growth Newsletter portfolio ideas reported second-quarter earnings July 26. Let’s take a look at the results. By Kris Rosemann Altria Tightens Bottom-Line Guidance Despite Double-Digit Smokeable Volume Declines Simulated newsletter portfolio idea Altria’s (MO) top line continues to contract alongside industry-wide volume declines, but its second quarter report, released July 26, revealed its domestic cigarettes market share also took a hit, falling 70 basis points from the year-ago period to 50.2%. Net revenue fell 5.4% as domestic cigarette shipment volume declined 10.8% on a year-over-year basis due to the aforementioned industry decline, trade inventory movements, and retail share losses. Adjusted operating companies income (OCI) in its smokeables segment fell 2.8% as volume declines were partially offset by … Read more

In The News: Facebook, China and the Semiconductor Complex

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Facebook gets a new Street high price target, while news ebbs and flows regarding US-China tech relations. By Brian Nelson, CFA There’s a new Street high price target on one of our favorite ideas, Facebook (FB), and it’s $275 per share. Facebook has been the most recent 10 on the Valuentum Buying Index, and despite ongoing “noise” with respect to the Cambridge Analytica scandal, we value shares at $250 each. We’re also reiterating our view that our discounted-cash-flow-based valuation only considers ongoing trends on an advertising-only business model, not incremental upside from processing payments on its platform or innovation at Instagram, which recently put together a new product called IGTV, a You-Tube-like offering. We think the Facebook “story” is still … Read more

Study: Valuentum’s Best Ideas Newsletter Portfolio

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To read the study, please click on the image to download the pdf document (pdf).

ICYMI: Valuentum’s Improved Stock and ETF Web Pages

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Valuentum has rolled out improved stock and ETF web pages on its website valuentum.com/. Now, subscribers can access key proprietary information on the stock and ETF web pages in addition to the customary stock and ETF reports. Dear reader, We have some exciting news that we can’t wait to share with you! At valuentum.com/, we have rolled out new stock and ETF pages that conveniently include a variety of our proprietary metrics from the Dividend Cushion ratio to the Economic Castle rating and beyond! There’s even mouseover functionality so you can learn about how we define the key metrics across our stock-selection and dividend growth methodologies. You’ll still have access to the stock and dividend reports on the landing pages, … Read more

Tesla’s Shares Get Hammered

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Tesla’s shares have been overpriced for some time, but the Valuentum Buying Index system didn’t raise a big red flag until mid-June of last year. Shares have been getting hammered. By Brian Nelson, CFA What more can we say about Tesla (TSLA) other that the stock, itself, may very well be made up of “castles in the air?” A tremendously debt-heavy balance sheet and considerable free-cash-flow burn shouldn’t have merited an equity market capitalization that it once had, and recent developments have moved to deflate some of its bubble. The future for Tesla is far from guaranteed, too, and it looks like autonomous driving may not be coming to a town near you anytime soon after all. A fatal crash … Read more

The “Luck” and “Randomness” of Index Funds

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Please select the image below to download the document. Image shown, page 1 of 14. Tickerized for Valuentum’s coverage universe.

Systemic Risk

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Image Source: Maximo Santana We believe the next crisis will not be a banking crisis, but one of a breakdown in market structure. By Kris Rosemann and Brian Nelson, CFA The volatility of US equity markets has simply been incredible of late. What a change of tune from the past 12-18 months. Many investors are growing more concerned about the health of US sovereign credit and implications on borrowing costs, the benchmark Treasury yield, and further, such implications on long-run equity values (rising interest rates in stock valuation models reduces intrinsic value, all else equal). Moody’s has been warning about the deteriorating health of the US as a result of tax reform, pointing to “at least a $1.5 trillion deficit … Read more

Video: Quants! You’re NOT Measuring VALUE and Nelson’s Theory of Universal Value

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President of Investment Research Brian Nelson defines the concept of universal value and shows how quantitative statistical methods are inextricably linked to those of fundamental, financial, business-model related analysis. Value does not exist in respective process vacuums! Value is universal. Find out why. Running time: ~10 minutes.  Tickerized for Valuentum’s stock and ETF coverage universe. Transcript Hi this is Brian Nelson from Valuentum Securities, and this is the tenth edition of a series that I call “Off the Cuff,” where I get in front of the camera and I talk for ten minutes. This is what we have to talk about today. We have to talk about this concept: The Theory of Universal Value. Value does not exist in vacuums … Read more

Dividend Increases/Decreases for the Week Ending November 24

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Below we provide a list of firms that raised their dividends during the week ending November 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 Adams Diversified Equity Fund (ADX): now $0.08 per share quarterly dividend, was $0.05. American National Bankshares (AMNB): now $0.25 per share quarterly dividend, was $0.24. Becton, Dickinson (BDX): now $0.75 per share quarterly dividend, was $0.73. Canadian Banc Corp (CNDCF): now CAD 0.1135 per share monthly dividend, was CAD 0.10883. Core-Mark Holding (CORE): now $0.10 per share quarterly dividend, was $0.09. Exchange Bank (EXSR): now $0.90 … Read more

Valuentum’s Highest-Rated Economic Castles

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Image Source: Dunrobin Castle; Golspie, Sutherland, John Haslam More information on the Economic Castle™ rating >>  Important Note: The data provided below is current as of the date of this article. Valuentum may have updated the stock and dividend reports of companies after the published date of this article. Members should view the data in this article as a starting point for further research and always access the individual stock page of each desired company on our website for its most recent ratings, metrics, and valuation information. If you have any questions about our services, please contact us at info@valuentum.com. Company Name Symbol Sector Est Div Yield VBI Economic Castle Advanced Micro Devices AMD Information Technology 0.0% 3 Highest Rated Apple AAPL Information Technology 1.6% … Read more