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Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Jul 7, 2020
Tesla Surges on Promising Production Report
Image Shown: Shares of Tesla Inc have more than tripled year-to-date, as of this writing, due to growing optimism about the electric vehicle and battery maker’s long-term growth outlook. On July 2, Tesla Inc provided an update on the number of electric vehicles it produced and delivered during the second quarter of 2020, when its domestic manufacturing capabilities were hit the hardest by the ongoing coronavirus (‘COVID-19’) pandemic. This report likely acted as the catalyst for the latest run up in shares of TSLA as its technicals have "gone parabolic" of late.
Jul 6, 2020
Berkshire Hathaway Expands Its Bet on North American Natural Gas
Image Shown: A look at the Cove Point LNG export facility in Maryland, one of half a dozen that are currently operational in the US. Image Source: Dominion Energy Inc – February/March 2018 Fixed Income Investor Meetings Presentation. On July 5, Berkshire Hathaway Energy, a majority-owned subsidiary of Berkshire Hathaway Inc, announced it was acquiring natural gas pipeline and storage assets along with an equity stake in a liquified natural gas (‘LNG’) export facility in Maryland from Dominion Energy Inc. This deal is valued at $9.7 billion by enterprise value and is expected to close by the fourth quarter of 2020. We continue to like Berkshire Hathaway in the Best Ideas Newsletter portfolio.
Jul 6, 2020
FedEx Indicates Its Outlook Is Improving
Image Shown: An overview of FedEx Corporation’s revenue generation by business segment in fiscal 2020. Image Source: FedEx Corporation – June 2020 IR Presentation. On June 30, FedEx Corp reported fourth quarter fiscal 2020 earnings (period ended May 31, 2020) that beat both consensus top- and bottom-line estimates. Shares of FDX rallied during normal trading hours on July 1 as the air freight and logistics company’s outlook looked better than feared. Management did not provide full year guidance for fiscal 2021 given the uncertainties created by the ongoing coronavirus (‘COVID-19’) pandemic.
Jul 6, 2020
Interview with Valuentum’s Callum Turcan
Callum Turcan helps head up Valuentum’s research product and is co-editor of the company’s newsletters. We sat down with Callum to get his thoughts on new developments in the market and economy. Let’s kick things off with his thoughts on the recent Berkshire/Dominion deal.
Jul 6, 2020
Lululemon Athletica Buys MIRROR
Image Source: Lululemon Athletica Inc – First Quarter Fiscal 2020 Quarterly Financial Supplements. On June 29, Lululemon Athletica announced it was acquiring home fitness company MIRROR for $500 million in cash. MIRROR sells ~$1,500 (before taxes and installation fees) screens that come with a camera and speaker system that allow users to participate in at-home workouts assisted by trainers/videos. That offering comes with a $39 per month digital subscription which allows the user (or users, up to six people per household) to access on-demand and live workout sessions, and additionally, personal training sessions cost up to $40 each.
Jul 3, 2020
Dividend Increases/Decreases for the Week Ending July 3
Let's take a look at companies that raised/lowered their dividend this week.
Jul 2, 2020
Macy’s Builds Liquidity and Cuts Costs to Stay Afloat
Image Shown: Our fair value estimate range for shares of Macy’s Inc is quite wide at $1-$9 per share, relatively speaking, as the retailer’s outlook remains troubled due to its large net debt load and the ongoing pandemic. In the event Macy’s can reopen its physical stores in the near-term while maintaining recent gains seen at its digital operations, its revenues might rebound convincingly. Should Macy’s be forced to close its physical stores again for a prolonged period of time to contain the ongoing pandemic, that would likely drain its recently enhanced liquidity position and put a tremendous amount of stress of its financials going forward. Thus Macy’s has a relatively wide range of fair value outcomes, and represents the type of firm we generally prefer to stay away from. On July 1, Macy’s reported first quarter fiscal 2020 earnings (period ended May 2, 2020) that missed consensus top-line estimates but beat consensus bottom-line estimates. The retailer’s GAAP net sales plummeted by 45% year-over-year last fiscal quarter due to various US state and local government mandates that forced non-essential businesses to close. Quarantine efforts to contain the coronavirus (‘COVID-19’) pandemic in the US, rising unemployment rates, and a large net debt load represent three big hurdles Macy’s will need to find a way to deal with. Please note that most of the retailer’s physical stores are in the US and that Macy’s suspended its common dividend payouts earlier this calendar year. A large impairment charge combined with sharply lower revenues saw Macy’s post a large GAAP net loss of $3.6 billion in the fiscal first quarter.
Jul 1, 2020
July Dividend Growth Newsletter
"The COVID-19 pandemic has all but shown it's not the economy, or next quarter's earnings, or last year's book-to-market ratio or last year's P/E ratio that drives market prices and returns; it's enterprise valuation. Read about the duration of value composition in Value Trap." -- Brian Nelson, CFA
Jun 30, 2020
Update on Valuentum's Research -- No PPP for Us
Image Shown: The NASDAQ 100 (NDX) remains resilient, and we remain bullish on the equity markets for the long run. Trust you are doing well. First of all, I wanted to let you know that our small publishing firm is not taking any of the Payment Protection Program (PPP) money. We're not interested in any bailouts, and we want our customers to know that if we're going to be highlighting investment ideas on our website, that we know how to run a business and to anticipate the downside. Many an RIA has taken out PPP money, and frankly, it just doesn't sit well with me. Financial advisors should have been prepared, just like they prepare for their clients' financial future. It's just another one of those things in this business (like large fees on index funds) that just doesn't add up. In any case, we're not looking back, and we thank you for your support.
Jun 29, 2020
Nike Doubles Down on Its Digital Strategy
Image Shown: Shares of Nike sold off moderately on June 26 after reporting its full-year earnings for fiscal 2020 (period ended May 31, 2020), though please note shares of NKE have rebounded sharply from their March 2020 lows. Over the past year shares of Nike are still up ~15% as of this writing, outpacing the 4% gain seen at the S&P 500 (SPY) before taking dividend considerations into account. Nike is performing well operationally as its digital strategy has helped mitigate some of the headwinds created by the ongoing pandemic. The retailer’s strong balance sheet provides ample support to ride out the storm while being able to maintain its current dividend policy. Shares of NKE yield ~1.1% as of this writing, and we give Nike an “EXCELLENT” Dividend Safety rating due to its rock-solid Dividend Cushion ratio of 3.4. Please note these forward-looking indicators factor in double-digit per share payout growth over the coming fiscal years. We give Nike an “EXCELLENT” Dividend Growth rating as well.



The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports, articles and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. The sources of the data used on this website are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor and does not offer brokerage or investment banking services. Valuentum, its employees, and affiliates may have long, short or derivative positions in the stock or stocks mentioned on this site.