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Recent Articles
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J.M. Smucker’s Free Cash Flow Outlook Solid
Jun 10, 2024
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Image: J.M. Smucker's shares have faced pressure during the past several months, but its free cash flow outlook looks solid.
We liked J.M. Smucker’s fiscal fourth quarter results and are huge fans of its free cash flow generation, but we like companies in the newsletter portfolios more. Nonetheless, J.M. Smucker is one for your radar. Shares yield ~3.7% at the time of this writing.
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Dividend Increases/Decreases for the Week of June 7
Jun 7, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Lululemon’s Fiscal First Quarter Results Well Received But Competition Remains Fierce
Jun 6, 2024
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Image: Lululemon’s shares have been under considerable pressure so far in 2024.
We think Lululemon’s Power of Three x2 initiatives are achievable, but hitting these long-term targets won’t be easy given increasing competition in the athleisure space from Vuori and others. Shares of Lululemon have fallen quite a bit since peaking in December of last year. We won’t be adding Lululemon to any newsletter portfolio anytime soon, and our $350 per share fair value estimate remains unchanged.
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Hewlett Packard Enterprise Reports Strong AI Systems Revenue
Jun 5, 2024
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Image: Hewlett Packard Enterprise is breaking out nicely.
We liked the AI-related news from Hewlett Packard Enterprise, and shares were up nicely following the report. Hewlett Packard Enterprise’s cash flow performance was also solid, with free cash flow increasing $322 million, to $610 million, for the three months ended April 30, 2024. HPE’s revenue growth for fiscal 2024 is now expected to expand 1%-3% in constant currency (was 0%-2%) and non-GAAP diluted earnings per share in the range of $1.85-$1.95 per share, the midpoint above the $1.88 per share the Street had been expecting at the time.
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