Streetbeat News

Dividends

GSK

PPH

PTEU

A group of 11 European stocks, dubbed 'Granolas' by Goldman Sachs, has outperformed the global market with lower volatility and higher yields compared to 'The Magnificent Seven' tech stocks. These companies, operating in sectors like healthcare, pharmaceuticals, luxury goods, consumer staples, industrial manufacturing, and software technology, offer advantages such as lower valuation multiples, higher dividend yields, and less volatility. Notable companies include GSK, Roche, ASML, Nestle, Novo Nordisk, Novartis, L'Oreal, LVMH, AstraZeneca, Sanofi, and SAP. For investors interested in these stocks, ETFs like the VanEck Pharmaceutical ETF (PPH) and Pacer Trendpilot European Index ETF (PTEU) are recommended.

Portfolio Pulse from Stjepan Kalinic

February 28, 2024 | 7:43 pm

DPZ

MCD

SBUX

UBER

YUM

Domino's Pizza Inc (NYSE:DPZ) reported a profit beat, driven by its 'emergency pizza' offer, leading to a stock jump, a 25% dividend hike, and a $1 billion buyback announcement. Despite facing backlash in the Middle East and Asia, similar to McDonald's (NYSE:MCD), Yum Brands (NYSE:YUM), and Starbucks (NASDAQ:SBUX), due to geopolitical tensions, Domino's saw a revenue rise of 0.8% to $1.40 billion in Q4. Its partnership with Uber Eats (NYSE:UBER) contributed to new customer acquisition and is expected to boost sales through 2024.

Portfolio Pulse from Upwallstreet

February 28, 2024 | 5:49 pm

SHOO

Steven Madden, Ltd. (NASDAQ:SHOO) reported Q4 earnings and revenue that beat Wall Street expectations, with earnings per share of 61 cents and revenue of $519.714 million. The company saw a 10.4% year-over-year revenue increase, driven by growth in both direct-to-consumer and wholesale businesses. Despite this, SHOO shares traded lower by 2.77% to $42.42. The company also announced a quarterly cash dividend of $0.21 per share and expects 2024 revenue to increase by 11% to 13%. Telsey Advisory Group maintained a Market Perform rating with a $39 price forecast.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 5:42 pm

VIPS

Vipshop Holdings Limited (NYSE:VIPS) shares surged after reporting Q4 adjusted earnings per ADS of 82 cents, beating the consensus of 71 cents, and revenues of $4.88 billion, exceeding expectations of $4.69 billion. Sales grew 9.2% YoY, driven by increased active customers and spending in discretionary categories. GMV and total orders saw significant increases, while gross profit rose 19.3% YoY. The company declared a dividend of $0.43 per ADS for FY2023 and provided a positive revenue outlook for Q1 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 5:11 pm

TJX

TJX Companies, Inc. (NYSE:TJX) reported Q4 FY24 sales of $16.41 billion, surpassing analyst expectations and marking a 13% year-over-year increase. The company achieved a milestone with over $50 billion in annual sales. Adjusted EPS was $1.12, in line with forecasts. Net income for the quarter was $1.4 billion, with a 37% increase in diluted EPS compared to the previous year. Comparable store sales rose by 5%, and the gross profit margin increased by 370 basis points. TJX announced a stock repurchase plan of $2.0 to $2.5 billion and a 13% dividend increase. The company's FY25 EPS outlook is slightly below estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 4:55 pm

SSRM

SSR Mining (NASDAQ:SSRM) suspended its dividend, retracted guidance, and halted share buybacks following a landslide at its Copler gold mine in Turkey, which left nine workers missing. The incident led to the suspension of mining operations, revocation of the mine's environmental permit, and detention of six employees. The company is unable to predict when operations will resume and expects to record liability for remediation costs and an impairment charge on inventory and assets. SSRM's stock has halved in value since the landslide, with a significant downgrade from RBC Capital Markets.

Portfolio Pulse from Matt Whittaker

February 28, 2024 | 4:06 pm

ADT

ADT Inc. reported a 7.2% decline in Q4 fiscal 2023 sales to $1.22 billion, missing expectations. However, adjusted EPS of $0.25 beat the consensus of $0.04. The company announced exiting its residential solar business, reduced debt by $2.1 billion, and expects 2024 CSB segment revenue of $4.8-$5.0 billion with adjusted EPS of $0.60-$0.70. ADT shares rose 7.5% to $7.02.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 3:52 pm

KTB

Kontoor Brands, Inc. (NYSE:KTB) shares fell after reporting Q4 revenues of $669.80 million, missing analyst expectations of $726.905 million, and an 8% revenue decrease primarily due to U.S. retailer inventory management. Adjusted EPS was $1.35, below the $1.37 consensus. Despite a gross margin increase, the company's FY24 revenue and adjusted EPS outlooks are below estimates. Kontoor has initiated Project Jeanius for growth and declared a quarterly dividend of $0.50 per share.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 3:36 pm

DHT

ECO

DHT Holdings (NYSE:DHT) announces a dividend payout of $0.22 per share with an 8.38% yield for shareholders on record by February 20, 2024. The company's dividend and earnings per share have decreased from 2020 to 2023, indicating potential financial strain and raising concerns about the sustainability of future dividends. Okeanis Eco Tankers (NYSE:ECO) has the highest annualized dividend yield in the industry at 17.34%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:05 pm

HTH

PPBI

Hilltop Holdings (NYSE:HTH) is set to distribute a dividend of $0.17 per share today, reflecting an annualized yield of 2.00%. Despite a positive trend in dividend growth from 2020 to 2023, the company's earnings per share have decreased, raising concerns about future dividend sustainability. Hilltop's dividend yield is moderate compared to industry peers like Pacific Premier Bancorp (NASDAQ:PPBI), which boasts the highest yield at 5.66%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:05 pm