Vanguard High Dividend Yield ETF

In this overview article, we’ll see how analysts are rating the leading steel stocks, and we’ll also compare performance from the top five steel companies.

In the first quarter, Extra Space Storage’s (EXR) revenue grew 9%, driven by property rental, tenant reinsurance, and management fees.

On February 20, Johnson & Johnson (JNJ) announced the acquisition of Orthotaxy to develop its robot-assisted orthopedics surgery platform.

What is the dividend outlook? Entergy Corporation’s (ETR) present dividend yield of 4.6% has been driven by dividend growth and price loss. Dividends grew 2% each in 2016 and 2017. The dividend is projected to grow 2% in 2018. What is the projected dividend payout? The company recorded a dividend payout of 48% in 2016. […]

Amgen (AMGN) has five-year dividend growth of 26%.

Johnson & Johnson has launched a number of key products and has entered into some strategic partnerships and collaborations that have helped the company accelerate the growth of its medical device business.

In December 2017, Gilead Sciences (GILD) and its subsidiary specialized in cell therapy, Kite, entered into an agreement with Cell Design Labs.

In 1Q17, 2Q17, and 3Q17, Opdivo reported revenues of $1.1 billion, $1.2 billion, and $1.3 billion, respectively.

Gilead Sciences’ (GILD) revenue fell 7% and 13% in 2016 and 9M17, respectively. The fall was due to lower product sales. Both antiviral products and other products recorded declines in both the periods.

AbbVie (ABBV) is currently focused on advancing the research programs for its late-stage immunology assets, Upadacitinib and Risankizumab.

Alphabet’s (GOOGL) revenue rose 20% and 22% in 2016 and 9M17 (the first nine months of 2017), respectively.

In 3Q17, Eli Lilly’s (LLY) Cyramza generated revenues of $196 million, which reflected ~23% growth on a YoY basis and 5% growth on a quarter-over-quarter basis.

23 analysts were tracking Bristol-Myers Squibb in November 2017. Six of them recommended a “strong buy” rating, while four recommended a “buy.”

Kinder Morgan’s (KMI) costs and expenses rose 2.0% in 2015 before falling 21.0% in 2016.

Nordstrom’s (JWN) net sales rose 8% and 3% in 2015 and 2016, respectively.

Raytheon Company (RTN) is a technology and innovation frontrunner that focuses on worldwide defense and other government markets.

Microsoft’s (MSFT) 5.0% revenue growth in 2017 has been mainly driven by productivity and business processes and intelligent cloud, offset by more personal computing and other segments.

In this series, we’ll look some small-cap stocks with high dividend yields.

Of the 22 analysts covering Pfizer (PFE) in August 2017, one analyst recommended a “strong buy” and ten analysts recommended a “buy.” On August 26, Pfizer had a consensus 12-month target price of $37.45 for a 12.7% return on investment.

In 2Q17, Merck’s (MRK) Bridion generated revenues of ~$163 million, which reflected ~44% growth on a year-over-year basis and 10% growth on a quarter-over-quarter basis.

In this series, we’ll be looking at ten dividend aristocrats with low PE ratios. Dividend aristocrats are S&P 500 stocks that have raised their dividend payouts for at least 25 successive years.

The S&P 500 Dividend Aristocrat Index is made up of 51 S&P 500 (SPY) (SPX-INDEX) companies that have increased their dividends for 25 successive years.

Xgeva revenue trends In 2Q17, Amgen’s (AMGN) Xgeva generated revenues of ~$395 million, which reflected ~4% growth on a YoY (year-over-year) basis and a 2% decline on a QoQ (quarter-over-quarter) basis. In 2Q17, in the US, Xgeva generated revenues of ~$292 million, which reflected ~6% YoY growth and a ~2% QoQ decline. Outside the US, […]

General Electric’s (GE) revenue fell 7.0% in the first half of 2017, driven by its energy connections and lighting business.

American Capital Agency (AGNC) paid 134.5% of its earnings as dividends in 2016 compared to 257.1% in 1Q17.

This series will discuss how these stocks have been able to achieve continuous dividend growth.

In 2016, Bristol-Myers Squibb’s (BMY) Yervoy reported revenues of ~$1.1 billion, which represents a ~6% YoY rise.

The S&P 500 (SPY) defensive sectors tend to offer an attractive yield to investors during low-interest environments or when the economy is slowing down.

In 2016, AbbVie’s (ABBV) Viekira generated revenue of ~$1.5 billion, a fall of ~7% year-over-year (or YoY). In 1Q17, the drug reported revenue of ~$236 million.

In 1Q17, Amgen’s (AMGN) Nplate generated revenues of ~$154 million, which reflected a year-over-year growth rate of 9%.

Valero Energy (VLO) has consistently delivered returns to shareholders in the form of dividends.

BP (BP) has consistently given returns to shareholders in the form of dividends. We have evaluated the company’s dividend yield.

From 4Q15 to 4Q16, Patterson-UTI Energy’s (PTEN) Contract Drilling segment’s revenue fell ~33.0%.

From 4Q15 to 4Q16, revenues for National Oilwell Varco’s (NOV) Rig Systems segment fell ~58%. This was the highest revenue drop among NOV’s operating segments.

In 2016, Patterson-UTI Energy (PTEN) recorded $915.8 million in revenues—52% lower compared to 2015. In 2016, the company’s net loss was $318.6 million.

On January 10, 2017, General Electric (GE) completed its acquisition of ServiceMax, a leader in cloud-based field service management solutions, for $915.0 million.

On January 28, Merck’s Zepatier secured approval from the FDA as a therapy for adult patients suffering from genotype 1 or genotype 4 HCV (Hepatitis C).

In the first nine months of 2016, CVX’s cash flow from operations stood at $8.9 billion, falling from $14.9 billion in the first nine months of 2015.

BP’s (BP) dividend yield rose from 5.6% in 3Q13 to 7.7% in 3Q16.

Phillips 66’s cash balance fell 52% to ~$2.3 billion in 3Q16 due to cash inflow from operations, offset by weak cash outflow from financing and investing.

In his November Insights newsletter, Richard Bernstein stated, “It is incredible that investors have basically been wallflowers during the second longest bull market of the post-war period.”

Including various combination therapies, Pfizer is actively involved in 30 research programs in the immuno-oncology space.

From 3Q15 to 3Q16, National Oilwell Varco’s Rig Systems segment’s revenue fell ~69%—the highest revenue fall among the company’s operating segments.

Between 3Q15 and 3Q16, National Oilwell Varco’s (NOV) Rig Systems segment revenue fell ~69%.

General Electric’s Oil and Gas segment’s revenue fell to 25% in 3Q16 to $2.9 billion, while the segment’s profit fell 42% in 3Q16.

Approximately 55% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~26% rated it as a “hold,” and the other 19% rated it as a “sell.”

ExxonMobil’s (XOM) stock fell 19% from October 14, 2014, to January 20, 2016, due to a fall in crude oil prices. Since then the stock has recovered.

In 1H16, Petrobras’s (PBR) cash flow from operations stood at $10.7 billion, falling from $13 billion in 1H15 due to a fall in oil prices.

Domtar’s (UFS) net income and earnings per share fell to $18.0 million and $0.29, respectively, in 2Q16, compared with $38.0 million and $0.60, respectively, in 2Q15.

Delek US Holdings’ (DK) cash balance remained flat year-over-year at $377 million in 2Q16.

Price movement Domtar (UFS) has a market cap of $2.3 billion. It fell 1.4% to close at $36.97 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 4.5%, -1.2%, and 2.3%, respectively, on the same day. UFS is trading 0.49% above its 20-day moving average, 0.73% below […]

In 1H16, Shell generated around $2.9 billion in cash from operations. It had cash outflows of $11.1 billion in the form of capex and $4.7 billion in the form of dividends.

Chevron’s (CVX) institutional holdings currently stand at ~70%. The level of these holdings shows the confidence level, or sentiment, that sophisticated market participants like institutions have in the stock.

In 2Q16, ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A) traded at EV-to-EBITDA multiples above their historical averages.

Domtar has a market cap of $2.5 billion. It rose by 0.60% and closed at $38.45 per share on August 18. It reported 2Q16 consolidated sales of $1.27 billion.

Short interest in BP (BP), which has been rising since the beginning of 2016, has witnessed a 23% fall since July 14, 2016.

Petrobras announced its earnings on August 11, 2016, after the Market closed. On that day, PBR’s stock opened at $8.47 per share.

Domtar (UFS) fell by 0.38% to close at $39.22 per share during the first week of August 2016.

Tesoro (TSO) posted 2Q16 revenues of $6.3 billion, which surpassed Wall Street analyst estimates.

The Consumer Solutions segment is Dow Chemical’s lowest revenue generator. In 2Q16, the segment reported revenue of $1.3 billion.

Royal Dutch Shell (RDS.A) announced lower-than-expected earnings on July 28, 2016, before the markets opened.

Domtar (UFS) has a market cap of $2.5 billion. It rose by 11.9% to close at $39.53 per share on July 27, 2016.

As of July 19, analysts are expecting LyondellBasell’s (LYB) net profit margins to be ~14.6% in 2Q16 as compared to 14.5% in 2Q15 and 14.1% in 1Q16.

Approximately 23% of analysts tracking NOV rated it as a “buy” or some equivalent. Approximately 64% rated the company as a “hold” or some equivalent.

Patterson-UTI Energy’s (PTEN) internal cash generation has not been adequate to cover its external obligations.

In 1Q16, Total’s (TOT) cash flow from operations stood at $1.9 billion, around 57% lower than 1Q15. TOT’s cash outflow from investing stood at $3.9 billion in 1Q16 compared to $5.9 billion in 1Q15.

While discussing his views on the corporate profit cycle in the US with CNBC’s Michael Santoli, Richard Bernstein provided an interesting insight: The Market does not react to the absolutes of good or bad—it’s always better or worse.

BP’s net debt-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) stood at 1.7x in 1Q16.

With the fall in refining earnings in the past couple of quarters, Tesoro’s cash flow from operations fell to $184 million in 1Q16.

Sinking oil prices have changed segment dynamics considerably for Petrobras (PBR). Its Exploration & Production segment reported a loss in 4Q15 due to impairments and lower crude oil prices.

Tesoro posted its 1Q16 earnings on May 4, reporting revenues of $5.1 billion, which missed analyst estimates. Its adjusted EPS stood at $1.2.

Eni is insulated to a certain extent from oil price volatility due to its integrated model. However, the company is not immune to changes in oil prices.

Helmerich & Payne’s revenues have been in a downtrend from fiscal 2Q15 to fiscal 1Q16. In that period, its US Land Operations segment revenue declined 58%.

Analyzing Shell’s cash flow In 2015, Royal Dutch Shell (RDS.A) generated around $30 billion in cash from operations. The company had cash outflows of $26 billion in the form of capital expenditure (capex) and $9 billion in the form of dividends, amounting to total cash outflows of $35 billion. To fund the gap of $5 […]

Chevron’s net debt-to-adjusted EBITDA stood at 1.4x in 4Q15. This is higher than the average ratio of 1.1x of Exxon Mobil, BP, and Royal Dutch Shell.

General Electric wants to shift away from the appliances business, as this segment doesn’t fit into its core business portfolio.

General Electric aspires to be a global technology leader in the transmission, distribution, and conversion of electrical power.

General Electric has had a presence in the S&P 500 (SPY) for more than two decades, which clearly illustrates its survival among competitors.

Looking at steel demand indicators, we see that construction activity has generally been strong in 2015, with spending in the United States exceeding $1 trillion for seven consecutive months.

Nucor had a debt-to-capital ratio of 36% as of September 30, 2015. The company closed the quarter with cash and marketable securities of ~$2 billion.

Nucor’s capacity utilization rate fell to a dismal 69% in 3Q15. Nucor had a healthy utilization rate of 81% in 3Q14.

In the previous part of this series, we saw that Seagate Technology’s (STX) lower-than-expected sales could give rival Western Digital (WDC) a competitive edge.

Present-day U.S. stock markets seem to have fully recovered from the recessionary abyss. Markets are reaching peaks higher than pre-crisis levels, with major indices such as the S&P 500 (SPY), Dow Jones (DIA) and NASDAQ (QQQ) surging to record highs.

Dividends pay returns even during market recovery. Major market indices like the S&P 500 (SPY), Dow Jones (DIA) and NASDAQ (QQQ) can be seen surging to record highs during a bubble.

The Fed’s policy of keeping the nominal interest rates at a zero lower bound leads some investors to seek higher and stabler income elsewhere. The low-interest rate regime may force risk-taking investors towards the higher-cost debt of high yield bonds.

Know the market and know your own appetite for risk before investing. You can’t eliminate market risk, also called systematic risk, through diversification. You can, however, hedge against market risk.