(HCMTechnologyReport) Microsoft reported a better-than-feared quarter and substantial investment into artificial intelligence, but they face antitrust headwinds from the UK. Alphabet reported a solid quarter despite the media narrative that the company is behind OpenAI, making it one of the favorite large-cap technology picks in the market. Thermo Fisher Scientific beat on earnings as management made a strategic acquisition to diversify away from the diagnostics business. T Mobile US reported a mixed quarter coming from a record FY2022, and we like the company’s market share gain in 5G. Leidos Holdings reported a dismal quarter, and an activist investor will likely target the company. Microsoft Corporation (MSFT) Microsoft reported strong Q1 results, beating analysts’
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2023Q1 Earnings Review Part VI: Communication Services, Technology, Healthcare
2023Q1 Earnings Review Part VI: Communication Services, Technology, Healthcare
2023Q1 Earnings Review Part VII: Basic Materials, REITs &…
2023Q1 Earnings Review Part VII: Basic Materials, Real Estate Investment Trusts (REITs) & TechnologyIBC.Org $Realty Income(O)$ still reporting solid results despite all the distress in the REIT sector with high interest rates. $Albemarle(ALB)$ Corporation had a mixed quarter and the outlook being lowered by management reflects the upcoming economic uncertainty $Vulcan Materials(VMC)$ is starting to show the benefits of the fiscal bills which were passed by Congress over the last two years. $Avnet(AVT)$ . still remains our favorite mid-cap company in the stock market and will likely benefit from the AI secular tai
2023Q1 Earnings Review Part VII: Basic Materials, REITs &…
2022 Q3 Earnings Review Part IV: Biotechnology and Healthcare
(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio
2022 Q3 Earnings Review Part IV: Biotechnology and Healthcare
2022Q4 Earnings Review Part X: Consumer Cyclical, Financials, Healthcare, Semiconductors & Tech…
2022Q4 Earnings Review Part X: Consumer Cyclical, Financials, Healthcare, Semiconductors & Tech Software (Trepp.com) Royal Bank of Canada beat on earnings and revenue as management increased its loan loss provision as they forecast a turbulent 2023. Veeva Systems reported a blowout quarter along with a strong outlook as investors cheered on the strong report. Broadcom reported a strong quarter to start its FY2023 on a strong note as they look to grow its software segment with the VMWare acquisition. Casey’s General Stores Inc. beat on revenue and earnings and management updated its FY2023 outlook. Adobe beat on the top and bottom line as they started their FY2023 on a strong note. Royal Bank of Canada (RY): The Canadian money center bank beat on earnings and reven
2022Q4 Earnings Review Part X: Consumer Cyclical, Financials, Healthcare, Semiconductors & Tech…
2023 Q1 Earnings Reviews Part V: Consumer Cyclical and Consumer Defensive
(Investopedia) Tesla reported a solid quarter with strong growth, but the continual price cuts for market share are a potential margin headwind for the company. McDonald’s Corporation reported a blowout quarter justifying its premium valuation. Keurig Dr. Pepper Inc. reported a subdued quarter, and the stock remains in a holding pattern. Amazon reported a solid quarter despite all the headwinds the company has been facing, along with a slowing cloud. Starbucks beat on earnings and revenue as Laxman Narasimhan takes over the reins. Tesla Inc. (TSLA) Tesla reported $23.3 billion in revenue in Q1 2023, a 24% increase from Q1 2022 but slightly below analysts’ expectations of $23.36 billion. The Auto segment had revenue growth of 18%, while the Services & Energy S
2023 Q1 Earnings Reviews Part V: Consumer Cyclical and Consumer Defensive
2023 Q1 Earnings Review Part II: Financials
(BQPrime) Charles Schwab reported a mixed quarter despite beating Wall Street estimates but the business has stormy clouds ahead. Bank of America reported a solid quarter displaying that the bank is well-positioned to weather an economic downturn. Intercontinental Exchange Inc. reported a solid quarter as it looks to close its Black Knight acquisition. Visa Inc. reported a solid quarter and showed why the stock commands a premium valuation. Charles Schwab Corporation Charles Schwab (SCHW) is one of the largest brokerage firms and banks in the US, with over 32 million active brokerage accounts and $7.5 trillion in client assets as of March 31, 2023. The company reported its first-quarter earnings on April 19, 2023, beating analysts’ expectations on revenue and earnings per share. How
2023 Q1 Earnings Review Part II: Financials
2022 Q3 Earnings Review Part I: Consumer Cyclical & Consumer Defensive Sectors
(ThinkMarkets) Nike Inc. reported a top and bottom line beat but the inventory build-up was a concern for investors. PepsiCo Inc reported a strong quarter as the company passed on pricing pressure to the consumer. Ford reported an in-line quarter with a slight surprise in revenue, management remains on course to transition to EV. Brunswick reported a mixed quarter as the company started to feel some of the cutbacks from consumers. Keurig Dr. Pepper reported a mixed quarter that was driven by growth from Beverages as restaurants reopened. The third quarter of 2022 earnings was the second quarter where we started to see the full effects of Federal Reserve interest rate hikes. The first earnings review covers our fund’s consumer sector positions in Nike Inc.(NKE), PepsiCo Inc. (PEP), F
2022 Q3 Earnings Review Part I: Consumer Cyclical & Consumer Defensive Sectors
2022Q4 Earnings Review Part VIII: Basic Materials, Consumer Cyclical, Healthcare, Real Estate…
2022Q4 Earnings Review Part VIII: Basic Materials, Consumer Cyclical, Healthcare, Real Estate Investment Trust (REIT)(Investopedia)Home Depot reported a mixed quarter as management gave a cautious FY2023.Medtronic Plc beat on the top and bottom line as management upped its fourth-quarter FY23 guidance.Realty Income Corporation reported an impressive FFO and revenue beat as management made some good bolt-on acquisitions.Univar Solutions reported a disappointing quarter as they missed earnings and revenue, management needs to get things in order.Medical Properties Trust reported an operating loss but beat on revenue as the company reshuffles its property portfolio.The Home Depot, Inc.(HD): The home improvement retail company reported an earnings beat but missed revenue as foot
2022Q4 Earnings Review Part VIII: Basic Materials, Consumer Cyclical, Healthcare, Real Estate…
2022 Q2 Earnings Review Part VI: BioNTech, Barrick Gold, Avnet, Walt Disney & Algonquin Power &…
2022 Q2 Earnings Review Part VI: BioNTech, Barrick Gold, Avnet, Walt Disney & Algonquin Power & Utilities Corp (The Entrepreneur) BioNTech missed on earnings and revenue as vaccine demand starts to wane as the pandemic becomes endemic. Barrick Gold continues to execute well but the strong dollar is weighing on the company’s performance. Avnet Inc. produced another top and bottom-line beat, we think this company is one of the cheapest stocks in the market. Disney had a strong quarter all thanks to the execution of the new CEO. Algonquin Power & Utilities Corp delivered a strong quarter with another solid showing on earnings and revenue. Part VI of the earnings review represents the tail-end section of the earnings season. Where our positions in biotechnolog
2022 Q2 Earnings Review Part VI: BioNTech, Barrick Gold, Avnet, Walt Disney & Algonquin Power &…
2022 Q3 Earnings Review Part VIII: Communication Services, Technology & Consumer Cyclical Sectors
(The Economic Times) Disney had a difficult as the media giant missed earnings and revenue. Uber reported a mixed quarter as the company is close to having operational profitability. Starbucks reported a solid as Schultz has restored stability at the company. Home Depot reported a strong quarter despite the slowdown in housing and the stock currently has a good valuation. Nvidia had a mixed quarter as management hinted that the company is on the cusp of returning to revenue growth. Part VIII of the 2022 Q3 earnings review looks at various stocks in the sectors ranging from communication services to technology as earnings season begins to reach the final stages. Outside of The Walt Disney Company (DIS), all the other companies in Uber Technologies (UBER), Starbucks (SBUX
2022 Q3 Earnings Review Part VIII: Communication Services, Technology & Consumer Cyclical Sectors
2022 Q2 Earnings Review Part III: Microsoft Corp, Visa, Meta Platforms, Ford Motor Company &…
2022 Q2 Earnings Review Part III: Microsoft Corp, Visa, Meta Platforms, Ford Motor Company & Brunswick Corporation (Charles Schwab) Microsoft struggled in the second quarter as it faced macroeconomic headwinds, a slowing PC market, and a strong U.S. dollar. Visa reported a strong quarter primarily driven by the whole opening of economies around the world. Meta’s quarter was a read-through to a slowing digital advertising market and 2022 will be primarily an investment year for the company. Ford had a surprisingly outstanding quarter as the company pivots into the EV market. Brunswick Corporation reported a top and bottom-line beat as management continues to integrate its Navico acquisition. Part III of the 2022 Q2 earnings had a mixed overall theme as the technolo
2022 Q2 Earnings Review Part III: Microsoft Corp, Visa, Meta Platforms, Ford Motor Company &…
2022Q4 Earnings Review Part IX: Consumer Defensive, Energy, Technology, Real Estate Investment…
2022Q4 Earnings Review Part IX: Consumer Defensive, Energy, Technology, Real Estate Investment Trusts (REITs) (Investopedia) Pioneer Natural Resources Company reported a mixed quarter along with a strong dividend payout. Nvidia Corporation reported a recovery quarter as gaming recovered, the company is going to be a beneficiary of the AI arms race. Keurig Dr. Pepper Inc. reported a mixed quarter and management gave a modest FY2023 outlook. VICI Properties Inc. beat on funds from operations and revenue as the company adds to its property portfolio. Innovative Industrial Properties reported a strong quarter as management rebalances its property portfolio. Pioneer Natural Resources Company (PXD): The oil exploration and production company beat on earnings but missed on r
2022Q4 Earnings Review Part IX: Consumer Defensive, Energy, Technology, Real Estate Investment…
2022Q4 Earnings Review Part VI: Technology
(Recycling Today) Microsoft Corp. reported a subdued and mixed quarter as the stock whipsawed after the earnings release. Avnet Inc. continues to be the fund’s favorite small-cap stock in the market as they reported a blowout quarter. Apple Inc. reported its worst quarter in 7 years as management had to navigate supply chain disruptions and shutdowns in China. Uber Technologies Inc. delivered a solid quarter despite another negative free cash flow quarter. Microsoft Corporation (MSFT): The technology software giant beat on earnings but missed on revenue as management looks to temper expectations in 2023. The company reported earnings of $2.32/share (beat WallStreet estimates by $0.01) on revenue of $52.7 billion (missed WallStreet estimates by $450 million). Microsoft
2022Q4 Earnings Review Part VI: Technology
2022 Q1 Earnings Review Part V: IDEXX Laboratories, Innovative Industrial Properties, GXO Logistics, Marathon Oil & Brookfield Renewable Partners
IDEXX Laboratories had a disappointing quarter on tough comparisons coupled with higher cost headwinds. Innovative Industrial Properties reported a mixed quarter from their usual top and bottom-line beats. GXO Logistics reported an impressive quarter coupled with fiscal year guidance raise. Marathon Oil continues to post impressive earnings on the back of higher oil prices. Brookfield Renewable Partners continues to steadily grow its assets base. In this earnings review, we will go through our fund positions in the healthcare, real estate investment trust, industrial, energy, and utility sectors. The earnings reports from IDEXX Laboratories (IDXX), Innovative Industrial Properties (IIPR), GXO Logistics (GXO), Marathon Oil (MRO), and Brookfield Renewable Partners (BEP)had a mixed theme as a
2022 Q3 Earnings Review Part III: Real Estate Investment Trusts (REITs)
(Investopedia) Prologis reported top and bottom line beat but the weak outlook caused the stock to sell off. Crown Castle had a mixed quarter as REIT missed on funds from operations and the outlook was decent. Vici Properties had a mixed quarter in a transaction-filled quarter as they look to expand. Realty Income reported a beat and raise quarter in an outstanding showing from management. Innovative Industrial Properties reported a top and bottom-line beat and showed that they have a good tenant base to weather a recession in 2023. The real estate investment trust sector had a mixed quarter overall as the sector was sold off as investors put money into risk-free bonds earning higher yields. For the first time in a while, high-yielding sectors like Utilities and REITs
2022 Q2 Earnings Review Part IV: Keurig Dr. Pepper Inc, Pfizer, Amazon, Apple, and Leidos Holdings
(TheStreet) Keurig Dr. Pepper Inc. reported a mixed quarter as they passed on some higher pricing to customers. Pfizer beat on the top and bottom line as COVID-19 vaccines continue to contribute to company earnings. Amazon reported strong revenue numbers and would have beaten earnings if it was not for the Rivian pretax loss. Apple reported a solid quarter despite the headwinds they are dealing with in China on their supply chain and retail footprint. Leidos Holdings reported a fairly in-line quarter and the outlook seems solid for the rest of 2022. Part four of our 2022 Q2 earnings review looks at our positions in the consumer defensive, healthcare, consumer cyclical, and technology sectors. The themes of macroeconomic headwinds (inflation, supply chain constraints, and geopol
2022 Q2 Earnings Review Part IV: Keurig Dr. Pepper Inc, Pfizer, Amazon, Apple, and Leidos Holdings
2022Q4 Earnings Review Part I: Consumer Defensive & Cycicals
(Investor’s Business Daily) Constellation Brands beat on earnings and revenue but management cut FY23 EPS guidance as they spend on their supply chain. Conagra Brands delivered a solid quarter with a top and bottom line beat driven by strong organic net sales and higher pricing. McDonald’s Corporation reported top and bottom line beats as international markets keep rebounding to pre-pandemic levels. Amazon.com missed on earnings but reported an impressive revenue number and AWS growth is faltering slightly. Constellation Brands (STZ): The alcohol producer reported earnings of $3.01/share (beat WallStreet estimates by $0.12) and revenue of $2.44 billion (beat WallStreet estimates by $60 million). Constellation Brands reported impressive headline numbers with the earnings an
2022Q4 Earnings Review Part I: Consumer Defensive & Cycicals
2022 Q3 Earnings Review Part V: Technology
(Telecomreview.com) Alphabet missed earnings and revenue as the digital advertising market is hit with a slowdown. Microsoft reported a strong quarter despite the early preannounced warning from management. Meta Platforms had strong platform results but management’s expense binge is not slowing down as they look to spend $39 billion in FY2023. Avnet Inc. reported a strong quarter and has all the growth aspects of a long-term hold. Apple reported a solid quarter as results came in better than feared and management is navigating a tough environment well. 2022 Q3 earnings in the technology sector have been a mixed bag with a significant slowdown coming in the digital advertising market as economic activity slowed from raised interest rates. Despite the slowing high-flying technology na
2022 Q3 Earnings Review Part V: Technology
2022 Q3 Earnings Review VII: Energy & Utility Sectors
(Acuity Knowledge Partners) Halliburton reported a strong quarter as oil production continued to grow at a steady pace. Pioneer Resources reported a mixed quarter but the company’s Q4 outlook makes up for a subdued quarter. Brookfield Renewable Energy Partners reported a top and bottom line beat and the company continues to grow its asset base. Algonquin Power & Utilities Corp reported a mixed quarter but the guidance for 2022 caught investors by surprise. The energy and utility sectors had a modest showing during the Q3 earnings season as they either beat or reported a mixed quarter. In general, the industries did not miss analyst estimates by a wide margin. The energy stocks look strong going into 2023 despite economic headwinds on the horizon because there will be dem
2022 Q3 Earnings Review VII: Energy & Utility Sectors
2022Q4 Earnings Review Part V: Industrials and Consumer Cyclicals
(Recycling Today) Raytheon Technologies reported a mixed quarter with a considerably strong outlook for FY2023. United Parcel Services had a mixed quarter as the business international segments had some headwinds while e-commerce cooled down in Q4. Ford Motor Company reported a mixed quarter as management monetized their Rivian stake for investors. Starbucks missed on the top and bottom line as COVID lockdowns in China hampered foot traffic. Amcor PLC reported a solid quarter as the company continues to show consistency. Raytheon Technologies (RTX): Raytheon Technologies reported an earnings beat but missed revenue as the company struggled with supply chain constraints. The aerospace & defense contractor reported earnings of $1.27/share (beat WallStreet estimates by $0
2022Q4 Earnings Review Part V: Industrials and Consumer Cyclicals
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