US Dividends Aristocrats thread

[Mr. Wood]

Asian Open: The Dollar’s Demise Continues, GBP Firms Ahead of Data
April 20, 2021

Wall Street retreated from record highs amid their worst session in a month, despite earnings beating expectations overall. Consumer discretionary and information technology were the weakest sectors whilst real estate was the strongest. Tesla shares fell -3.4% upon reports that two passengers were killed whilst operating a vehicle using their driverless technology.

when big boys want to sell, whtevr news oso can be excuse to sell.
similarly, when big boys want to buy, evy shat reason oso can buy.

 

[Mr. Wood]

Virtusa Partners with People’s United Bank to Launch New Customer-Decisioning Hub with Virtusa’s vEngage
April 20, 2021

People’s United Bank is using the engine to enhance its ability to anticipate customers’ financial needs and deliver personalized services to retail and business customers.

“In the age of digital banking, consumers and businesses have unlimited choices. For many, this decision is being based on the institution’s ability to personalize their experiences, and adapt to their needs,” said Sanjay Deshpande, Executive Vice President and Head of Banking and Financial Services, Americas of Virtusa. “We are excited to work with partners including Pegasystems and Adobe to help evolve the bank’s customer commitment as more and more customers engage with them online for critical financial guidance.”

 

[Mr. Wood]

Asian Open: Surging Covid Cases in India Weigh on Risk Appetite
April 21, 2021

Asian shares are expected to open lower following a weak lead from Wall Street and European bourses. Despite news that Europe will reimplement the J&J vaccine into their vaccination rollout, investors were more concerned with the rise of COVID-19 cases across Asia, particularly India.


The FTSE 100 led the way lower during the European session, closing -2.3% lower during its worst session in two months. The DAX led the declines with a -2.1% drop, the Euro STOXX 50 was close behind by falling -2% from record highs, whilst the broader Euro STOXX 600 fell -1.8%. It wasn’t much prettier on Wall Street either. The S&P 500 (-1.2%) fell to a 6-day low before recovering back above its 10-day eMA. The Nasdaq 100 (-1.7%) fell lower for a second consecutive session whilst the Russell 2,000 fell -3.3%.

last yr china dis yr india

 

[Mr. Wood]

PepsiCo Announces 2030 Goal to Scale Regenerative Farming Practices Across 7 Million Acres, Equivalent to Entire Agricultural Footprint
April 20, 2021

“Any plan to tackle the urgent challenges facing the global food system must address agriculture, the source of nourishment for billions of people and a key lever to address climate change and inequality,” said PepsiCo Chairman and CEO Ramon Laguarta.

Leveraging innovation, including digital technology, and collaboration is central to PepsiCo’s approach to catalyzing systemic change. Together with the World Economic Forum and others, PepsiCo recently launched the concept of Food Innovation Hubs to develop local food systems that are inclusive, efficient, sustainable, and nutritious.

The Positive Agriculture agenda is another step in the company’s PepsiCo Positive journey and follows PepsiCo’s recent announcement to double its science-based climate goal, targeting a reduction of absolute greenhouse gas emissions across its value chain by more than 40% by 2030, as well as pledging to achieve net-zero emissions by 2040.

blue chip company can oso becum ESG and tech.

 

[Mr. Wood]

Asian Open: Hawkish BOC Propels CAD, Wall Street Reverses Course
April 22, 2021

European indices tried to recoup Tuesday’s losses but settled for a minor bounce, yet Wall Street managed to eradicate their prior day’s losses with a convincing reversal. All major US indices rallied from the open and printed bullish engulfing candles by the close.

 

[Mr. Wood]

The Boring Path to Better Returns
Templeton and Phillips Capital Management, LLC
April 21, 2021

The rise in rates led stock speculators to second-guess the attractiveness of far distant earnings (and payback periods) that are implicit in the horde of tech stocks trading in excess of 100x earnings and 20x sales. The brief dustup was a healthy sign in our opinion as investors weighed the appeal of an approximate 1.8% yield in the 10 Year Treasury Yield as more valuable than the nonexistent earnings and cash flows found among popular speculations. Moreover, SPACs declined greater than 20% from their highs in the February-March period, yet another likely result of the rise in interest rates. In our opinion, March represented a return to normalcy for our portfolios, as the more speculative dynamics of January and February succumbed to higher interest rates and therefore, rational perspectives on valuations and fundamentals.

 

[Mr. Wood]

Asian Open: Enter Taxman, Wall Street lower, USD Catches a Bid
April 23, 2021

US indices wobble on Biden’s eye-watering tax proposal:
That the Biden administration wanted to raise taxes does not come as a surprise. But what was unexpected (at least judging by the market’s reaction) is plans to almost double capital gains tax to 39.6% for earners over $1 million. Of course, Biden still needs to get this over the line. But he is clearly playing hardball. And, given high earners are more likely to be active on Wall Street to some degree or other, the news weighed on prices.

As for the ASX, we doubt US tax news will weigh on it much today. Yesterday, the ASX 200 broke above Wednesday’s hammer high from the get-go, which further suggests the ‘buying tail’ above 6900 has conviction. Barring a sudden shift in sentiment (locally or globally), the bias remains for a run for, and beyond, 7100. However, also take note that like its European counterparts, the ASX 200 is also forming a large bearish hammer, so it would need to close convincingly above this week’s highs to help eradicate that technical warning next week. Ultimately, today’s bias remains bullish above yesterday’s low.

 

[Mr. Wood]

It’s real: Higher taxes are coming
April 23, 2021

The question is one of timing. Is a near 40% tax on capital gains enough to makes traders/investors bail on current positions? Perhaps it won’t be until the Fed indicates that they are ready to begin tapering? Maybe it will be a “crypto collapse”? “Sell in May and go away”? The catalyst for a larger pullback is unknown. One thing that seems certain right now though, is that higher taxes are ahead.

hope to see crash coming soon to allow more pple to accumulate wealth.

 

[xe1l0s]

I was reading this article called

Private-Equity Firms Regain Taste for Giant Buyouts from WSJ​

I find it very interesting how the combination of low interest rates, the perceived disconnect between asset prices and traditional metrics of value over the last 5 years and lax regulatory requirements have led to this environment where both the public and private markets are getting full of froth. On the private side you have highly leveraged companies and large amounts of capital looking to be deployed on LBO's while on the public side you have SPACs looking to do the same thing. In essence, you now have an unprecedented amount of capital in categories with minimal regulatory oversight.

Everyone has been talking about the "dry powder" in private equity for the last 3 years and how trillions of dollars are just waiting at the wings, but really I think the fact that so much capital in concentrated in the upper echelons of society being held back is more a sign of fear and a reason to feel fear than anything else. Holding back that much cash back for so long in a low interest rate environment only makes sense if you believe that you can buy more with it later on, which runs completely counter to the expected spike in inflation due to the increase in monetary supply as a result of covid. I believe that a key reason why the market doesn't seem to be pricing this in is that a significant portion of the new money is going straight into assets, propping up valuations despite reduced productivity. Any thoughts?

 

[Mr. Wood]

I was reading this article called

Private-Equity Firms Regain Taste for Giant Buyouts from WSJ​

I find it very interesting how the combination of low interest rates, the perceived disconnect between asset prices and traditional metrics of value over the last 5 years and lax regulatory requirements have led to this environment where both the public and private markets are getting full of froth. On the private side you have highly leveraged companies and large amounts of capital looking to be deployed on LBO's while on the public side you have SPACs looking to do the same thing. In essence, you now have an unprecedented amount of capital in categories with minimal regulatory oversight.

Everyone has been talking about the "dry powder" in private equity for the last 3 years and how trillions of dollars are just waiting at the wings, but really I think the fact that so much capital in concentrated in the upper echelons of society being held back is more a sign of fear and a reason to feel fear than anything else. Holding back that much cash back for so long in a low interest rate environment only makes sense if you believe that you can buy more with it later on, which runs completely counter to the expected spike in inflation due to the increase in monetary supply as a result of covid. I believe that a key reason why the market doesn't seem to be pricing this in is that a significant portion of the new money is going straight into assets, propping up valuations despite reduced productivity. Any thoughts?

not exactly sure wht to make out of the monetary and fiscal policies. on one side evyone is talking abt "printing" money. but there are some who says dis is really only an accounting rule change. which allow banks to lend out more. since interests rates are low, if i am bank, i will oso wanna maintain my income by loaning out more. i think dis is why more leverages by private and public.

i oso think dat some like warren buffett keeping cash "dry powder" to deploy if crash. probly many alrdy tired of waiting. unlike Buffett, the pte equities and companies hav shareholders and BOD to report to. mayb the big boys thinking "dis time is different" or they know uncle sam will bail the banks out again coz "too big to fail", or FOMO.

in any case i think they wud hav priced in dry powder, stimulus, pte info we all wun know until report in news.

 

[Mr. Wood]

Update Reports

Bank Of America Corp. (BAC) ->> link here
Bed, Bath & Beyond Inc. (BBY)
Canadian Imperial Bank Of Commerce (CM)
Capital Southwest Corporation (CSWC)
Citigroup Inc. (C)
Cross Timbers Royalty Trust (CRT)
Delta Air Lines, Inc. (DAL)
Enerplus Corporation (ERF)
Fastenal Co. (FAST)
Fidus Investment Corp. (FDUS)
Gap, Inc. (GPS)
Goldman Sachs Group, Inc. (GS) ->> link here
Golub Capital BDC, Inc. (GBDC)
Grupo Aval Acciones y Valores S.A. (AVAL)
JPMorgan Chase & Co. (JPM)
Marriott International, Inc. (MAR)
National Bank of Canada (NTIOF)
PepsiCo Inc. (PEP) ->> link here
PermRock Royalty Trust (PRT)
PPG Industries, Inc. (PPG)
Reckitt Benckiser (RBGLY)
Taiwan Semiconductor Manufacturing (TSM) ->> link here
Tapestry Inc. (TPR)
Wells Fargo & Co. (WFC)
Westamerica Bancorporation (WABC)

as usual, only pick out those which i think is interesting.
any others feel free to let me know.

 

[Mr. Wood]

respecting fibo 0.236 level. vol seems to be lower.
still overall bullish bias.

cautiously bullish. lower vol is main concern.
200ema coinciding with fibo 0.382.
will continue to accumulate at 111.30

 

[Mr. Wood]

caution

 

[sky37]

Update Reports

Bank Of America Corp. (BAC) ->> link here
Bed, Bath & Beyond Inc. (BBY)
Canadian Imperial Bank Of Commerce (CM)
Capital Southwest Corporation (CSWC)
Citigroup Inc. (C)
Cross Timbers Royalty Trust (CRT)
Delta Air Lines, Inc. (DAL)
Enerplus Corporation (ERF)
Fastenal Co. (FAST)
Fidus Investment Corp. (FDUS)
Gap, Inc. (GPS)
Goldman Sachs Group, Inc. (GS) ->> link here
Golub Capital BDC, Inc. (GBDC)
Grupo Aval Acciones y Valores S.A. (AVAL)
JPMorgan Chase & Co. (JPM)
Marriott International, Inc. (MAR)
National Bank of Canada (NTIOF)
PepsiCo Inc. (PEP) ->> link here
PermRock Royalty Trust (PRT)
PPG Industries, Inc. (PPG)
Reckitt Benckiser (RBGLY)
Taiwan Semiconductor Manufacturing (TSM) ->> link here
Tapestry Inc. (TPR)
Wells Fargo & Co. (WFC)
Westamerica Bancorporation (WABC)

as usual, only pick out those which i think is interesting.
any others feel free to let me know.

Would like to have a view of C, FAST and MAR. Thanks

 

[Mr. Wood]

Would like to have a view of C, FAST and MAR. Thanks

FAST Apr 2021


C Apr 2021


MAR Apr 2021


high valuations

 

[sky37]

Thanks for these.
By the way, looks like ADM not heading down any time soon

 

[Mr. Wood]

Thanks for these.
By the way, looks like ADM not heading down any time soon

is ok. patience. if it dun come down can look at other stocks.

 

[Mr. Wood]

nxt wk earning reports potential mkt movers

Monday, April 26, 2021
	Tesla (TSLA)
Tuesday, April 27, 2021
	Microsoft (MSFT)
	Alphabet C (GOOG)
	Alphabet A (GOOGL)
	Visa A (V)
Wednesday, April 28, 2021
	Apple (AAPL)
	Facebook (FB)
	Qualcomm (QCOM)
Thursday, April 29, 2021
	Amazon.com (AMZN)
	Mastercard (MA)
	Baidu (BIDU)
Friday, April 30, 2021
	Exxon Mobil (XOM)
	Chevron (CVX)

 

[Mr. Wood]

Kimberly-Clark Announces First Quarter 2021 Results
April 23, 2021

• The company is now targeting full-year 2021 organic sales growth of 0 to 1 percent and adjusted earnings per share of $7.30 to $7.55. The prior outlook was for organic sales growth of 1 to 2 percent and adjusted earnings per share of $7.75 to $8.00. The updated earnings outlook reflects significantly higher input cost inflation and lower sales volumes, partially offset by higher net selling prices and additional cost savings.

Cash provided by operations in the first quarter was $321 million in 2021 and $704 million in 2020. The decrease was driven by higher working capital, including payments for accrued expenses, and lower earnings. Capital spending for the first quarter was $298 million in 2021 and $352 million in 2020. First quarter 2021 share repurchases were 1.3 million shares at a cost of $175 million. Total debt was $8.8 billion at March 31, 2021 and $8.4 billion at the end of 2020.

 

[Mr. Wood]

Intel Reports First-Quarter 2021 Financial Results
Apr 22, 2021

First-quarter GAAP revenue of $19.7 billion, down 1 percent year over year (YoY), and non-GAAP revenue of $18.6 billion, flat YoY, which exceeded January guidance by $1.1 billion.

First-quarter GAAP earnings-per-share (EPS) was $0.82; non-GAAP EPS was $1.39, which exceeded January guidance by $0.29.

In Q1, Intel CEO Pat Gelsinger unveiled the company's new, differentiated IDM 2.0 strategy for manufacturing, innovation and product leadership.

Raising full-year 2021 guidance. Now expecting GAAP revenue of $77.0 billion and non-GAAP revenue of $72.5 billion; GAAP EPS of $4.00 and non-GAAP EPS of $4.60

Business Highlights

▪ Announced new IDM 2.0 Strategy, including $20 billion capacity expansion plans in Arizona and new Intel Foundry Services.

▪ Introduced new client processor families including: 11th Gen Intel® Core™ vPro® platform, N-series 10-nanometer Pentium® Silver and Celeron® processors, 11th Gen Intel® Core™ H-series mobile processors and 11th Gen Intel® Core™ S-series desktop processors (code-named “Rocket Lake-S”).

▪ Launched new 3rd Gen Intel® Xeon® Scalable processors (code-named “Ice Lake”), including new network-optimized “N-SKUs”.

▪ Achieved Amazon Web Services High Performance Computing Competency status.

▪ Announced 5G network collaboration with Google Cloud.

▪ Intel’s Habana AI accelerators and Intel Xeon Scalable processors selected by University of California at San Diego to power new Voyager super computer.

▪ Shipped new Intel® Agilex™ FPGAs with heterogeneous integration and advanced 3D packaging.

▪ Mobileye’s self-driving system, Mobileye Drive™, will be the autonomous “driver” for Udelv’s next-generation electric self-driving delivery vehicle.