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Recent Articles
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Dividend Increases/Decreases for the Week of October 25
Oct 25, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Coca-Cola’s Organic Growth Shines in Third Quarter
Oct 24, 2024
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Image: Coca-Cola’s shares have done quite well the past couple years.
Coca-Cola’s organic growth continues to be impressive, and the firm’s non-GAAP numbers show expansion in the core business. Still, it’s hard for us to get excited about a company reporting unadjusted net revenue declines, with global unit case volume also declining in the period. We think Coca-Cola retains its place as a top blue chip stock, but we think there are better ideas for consideration in the newsletter portfolios. Our fair value estimate stands at $61 per share.
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Honeywell Adjusts Full Year 2024 Guidance
Oct 24, 2024
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Image: Honeywell’s shares have traded sideways the past couple years.
Honeywell has a lot of moving parts these days. The company closed its $1.9 billion acquisition of CAES Systems and $1.8 billion acquisition of Air Products’ LNG business, while it plans to spin off its Advanced Materials business and exit its PPE business. We’re big fans of Honeywell’s aerospace division, which recorded its ninth consecutive quarter of double-digit organic growth thanks to strong commercial original equipment and solid growth in commercial aftermarket. Though the firm reduced its revenue and free cash flow outlook for 2024, we like the long-term story at Honeywell, and the company remains a core holding in the Dividend Growth Newsletter portfolio. Our fair value estimate stands at $216 per share.
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Clean Energy Idea GE Vernova Reaffirms 2024 Guidance
Oct 24, 2024
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Image: GE Vernova shares have powered higher as of late.
GE Vernova reaffirmed its 2024 financial guidance, with revenue now trending towards the higher end of the range of $34-$35 billion, adjusted EBITDA margin of 5%-7%, and free cash flow of $1.3-$1.7 billion, also now trending towards the higher end of the free cash flow range. In Power, the company expects mid-single-digit organic revenue growth and 150-200 basis points of organic segment EBITDA margin expansion. In Wind, the company expects flat organic growth, and it expects material segment EBITDA improvement. In Electrification, the company now expects high teens organic revenue growth, up from prior guidance of mid-to-high teens.
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