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Recent Articles
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McDonald’s Speaks of Cautious Consumer But Traction with $5 Meal Deal
Jul 29, 2024
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McDonald’s second quarter results weren’t great. Comparable store sales and consolidated operating income fell during the period, but McDonald’s lapped a very strong second quarter of 2023, which included a double-digit comp. Diluted earnings per share also declined at a mid-single-digit pace. That said, however, McDonald’s $5 meal deal is gaining traction, and we think it is part of the solution for lower guest counts driven by its recent strategic pricing actions. McDonald’s hasn’t been a strong performer in the Best Ideas Newsletter portfolio of late, but we remain optimistic on its prospects in the current inflationary environment. Shares yield 2.6%.
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3M Looks to a Brighter Future, Shares Rally 20%+
Jul 28, 2024
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Image Source: 3M’s second quarter results were better than feared.
3M’s stock rallied more than 20% following its second quarter earnings report, as the firm works to put settlements for faulty earplugs and PFAS pollution as well as its spin-off of Solventum behind it. With most of its troubles in the rear-view mirror, 3M can now focus more of its efforts on organic performance, which was solid in the second quarter, despite some portfolio/geographic shifts in its ‘Consumer’ division. 3M’s free cash flow conversion remains robust, and its net debt stood at a manageable ~$3 billion at the end of the quarter. Shares of 3M yield 2.2% at the time of this writing.
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Keeping the Horse Before the Cart: Valuentum’s Economic Castle™ Rating
Jul 27, 2024
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Image shown: An examination of the problem that might arise by focusing exclusively on companies that have economic moats, or sustainable and durable competitive advantages.
Without an economic castle, an economic moat doesn’t matter. Let's examine Valuentum's Economic Castle™ rating.
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Dividend Increases/Decreases for the Week of July 26
Jul 26, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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