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Recent Articles
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Latest Report Updates
Sep 9, 2024
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Check out the latest report updates on the site.
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Broadcom Misses with Guidance for Its Fiscal Fourth Quarter
Sep 8, 2024
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Image: Broadcom’s shares fell after the company issued fiscal fourth quarter guidance that came up short with respect to the consensus estimate.
Looking to the fourth quarter of fiscal 2024, Broadcom expects revenue of approximately $14 billion, and fourth-quarter adjusted EBITDA of approximately 64% of projected revenue, or $8.96 billion. Though the firm’s revenue guidance for the fourth quarter wasn’t poor, it did come in lower than the $14.13 billion that the Street was expecting, and shares were punished as a result. We’re not reading much into one quarterly report, however, and we maintain that trends in artificial intelligence are prolific.
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Dividend Increases/Decreases for the Week of September 6
Sep 6, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Casey’s General Stores Is Executing Well
Sep 5, 2024
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Image: Shares of Casey’s General Stores have done quite well since the beginning of 2022.
Looking to fiscal 2025, Casey’s continues to expect EBITDA to advance at least 8%, with inside same-store sales to increase 3%-5% and inside gross margin comparable to fiscal 2024. Same-store fuel gallons sold are expected to be between negative 1% and positive 1%. We liked Casey’s fiscal first quarter results, and while the name doesn’t make the cut for any newsletter portfolio, it’s one that we are watching closely.
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