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Recent Articles
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UnitedHealth Group Reports Messy Second Quarter Results
Jul 16, 2024
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Image: UnitedHealth Group’s shares have been choppy since the beginning of 2023.
UnitedHealth Group’s second quarter results were quite messy with a lot of moving parts, but cash flow remains resilient and the firm’s dividend growth trajectory remains solid. Back in June, the firm raised its annual dividend rate by 12%, marking the 15th consecutive year that UnitedHealth has increased it at a double-digit pace. UnitedHealth ended the quarter with $75.1 billion in total debt and $77.4 billion in cash and investments. We continue to include UnitedHealth Group as an idea in the Best Ideas Newsletter portfolio.
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Fastenal’s Revenue Beat a Positive Read Through to the Broader Economy
Jul 12, 2024
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Image: Fastenal’s second quarter results were a positive read through to the broader economy.
On July 12, Fastenal Company reported mixed second quarter results where revenue modestly exceeded the consensus forecast, while the company’s GAAP earnings per share was in-line. For the first six months of 2024, net sales advanced 1.8%, while operating income fell 1.4% and net income dropped 0.5%. Diluted earnings per share of $1.03 for the first six months of the year was 0.7% lower than the mark achieved over the same period a year ago. Fastenal’s better-than-expected revenue performance is a positive read through to the broader economy.
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JPMorgan Chase’s Return on Capital Shines in Second Quarter
Jul 12, 2024
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Image Source: Hakan Dahlstrom.
On July 12, JPMorgan Chase reported second quarter results that beat expectations on the top line, but came up a bit short on the bottom line. JPMorgan is an important bellwether for the global economy, and its second quarter results spoke of continued strength and high returns on capital. We include Financial Select SPDR in the Best Ideas Newsletter portfolio to capture diversification benefits from the largest financial institutions. Shares of JPM yield 2.2% at the time of this writing.
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Dividend Increases/Decreases for the Week of July 12
Jul 12, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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