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Recent Articles
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Dividend Increases/Decreases for the Week of September 15
Sep 15, 2023
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Let's take a look at firms raising/lowering their dividends this week.
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Apple’s Big “Wonderlust” Event Is Business as Usual
Sep 13, 2023
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Image Source: Apple.
Apple Inc. hosted its widely-anticipated “Wonderlust” event. The market was anticipating several new products, and Apple delivered. The firm’s iPhone 15 Pro, iPhone 15, Apple Watch Series 9, and Apple Watch Ultra 2 will go a long way to retaining share in smartphones and wearable devices, but the company opted to leave prices unchanged. Many had been expecting a price increase, but we’re not reading too much into Apple’s decision to leave them unchanged, given economic uncertainty in the U.S., Huawei’s release of its latest phone (the Mate 60 Pro), and rising geopolitical tensions between the U.S. and China.
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ESG Issues Plague Discover
Sep 12, 2023
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Image: Discover’s shares have faced pressure due to a card misclassification issue and the resignation of CEO Roger Hochschild.
Discover Financial’s shares have faced a difficult 52-week stretch as corporate news hasn’t been great. The company’s equity is down nearly 14%, while the S&P 500 is up more than 8% over the same time stretch. Though Discover has the potential to bounce back from the troubles it has encountered, the firm has certainly been in hot water since it disclosed a card product misclassification.
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Oracle’s Shares Have Performed Fantastically
Sep 11, 2023
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Image: Oracle’s shares may have sold off aggressively during the trading session September 11, but they have done quite well as a component of the Dividend Growth Newsletter portfolio.
On September 11, Dividend Growth Newsletter portfolio holding Oracle Corp. reported first-quarter fiscal 2024 results that missed expectations modestly on the top line. Shares tumbled aggressively on the trading session September 12, but we think most of the sell-off is just profit taking. Prior to the report, Oracle’s shares were up more than 50%, while they are up over 64% during the past year. The high end of our fair value estimate stands at $136, while the firm yields ~1.3% on a forward estimated basis.
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