Below is the year-to-date (YTD) performance of various major indexes and from December 31, 2019 to May 22, 2020.
The following is the breakdown of the Dogs of the Dow (found here) in week 21, compared to other fundamental ratios. Continue reading
Below is the annual 52-week low for Southern California Edison (SCE) from 1958 to 1967. We’ve also included the 3-month Treasury Bill as a comparison to show how utility stocks perform against the backdrop of rising interest rates.
In this example, the 3-month Treasury Bill increased from 1.77% to 4.31%. Meanwhile, Southern California Edison (SCE) had a 52-week low range from $15.87 to $31.75.
Posted in 1958-1968, Chart of the Day, interest rates, SCE
Industry representatives say that steadiness of AFFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
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Below are the valuation targets for Markel Corp. (MKL) for the next 10 years. Continue reading
On April 12, 2019, we updated the 10-Year price targets for Markel Corporation (MKL) when the stock was trading at $1,001.27. At the time, we had estimated 2020 undervalued target of $763.82.
Since April 2019, MKL has had an intraday low of $742.21 on March 23, 2020.
see also: All 10-Year Targets
Posted in MKL, Target Achieved
On February 20, 2020, we said the following Virgin Galactic Holdings:
“Virgin Galactic Holdings (SPCE) is creating a scenario where the extreme downside target could easily be achieved while being considered a normal ‘bounce.’ The price would have to rise to above $60 before the above downside targets are no longer valid. These situations don’t end well…”
At the time, we also presented the targets below, with the extreme target being $14.16.
Since February 20, 2020, SPCE has declined as low as $9.06 on an intraday basis.
Upside Resistance Targets
The $37.21 target is the next stop, which currently equates to a range from $26-$37.
Posted in SPCE, SRL, Target Achieved
Prior Year Watch List Review (May 24, 2019)
The best performing strategy from last year was high P/B which came in virtually flat for the year. This was driven by a rise of +40% for Jack Henry & Associates (JKHY). However, that gain was offset by a loss of -53% from Nordstrom (JWN). Chasing high yield companies was detrimental with Alliance Resource Partners (ARLP), which at the time yield 12.30%, as it lost -82% in a year. Occidental Petroleum (OXY) with yield of 5.80% lost -74%.
| May 24, 2019 | ||
| Strategy | High | Low |
| Yield | -58.8% | -7.9% |
| P/E | -11.2% | -34.4% |
| Payout Ratio | -28.5% | -18.0% |
| P/B | -0.4% | -39.4% |
| Closest to Low | -18.4% | |
| S&P 500 | -4.4% | |
| Dow Jones Ind | -4.4% | |
| Top 5 companies except for Index | ||
U.S. Dividend Watch List May 22, 2020
Since the low in March 2020, the market appears to be consolidating between 2,800 and 3,000. Interestingly, the Nasdaq is only 5.50% from the high and is in the black YTD. Obviously tech appears to be the winner during this interesting period and we are seeing some companies making new highs. Below are companies that are still trading near the low. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
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Below are the valuation targets for Archer Daniels Midland (ADM) for the next 10 years. Continue reading
On July 25, 2019, we updated the 10-Year price targets for Archer Daniel Midlands (ADM) when the stock was trading at $40.80. At the time, we had estimated 2020 extreme undervalued target of $28.43.
Since July 2019, ADM has had an intraday low of $28.92 on March 23, 2020.
see also: All 10-Year Targets
Posted in ADM, Target Achieved
Below are the valuation targets for Polaris Industries (PII) over the next 10 years. Continue reading
Below are the valuation targets for Bank of Hawaii (BOH) for the next 10 years. Continue reading
