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In the first half of 2020, many companies have cut back on their dividend payments, slashing or suspending them to conserve cash against the downturn. That trend appeared to reverse itself – or at least, to start to reverse itself – in August, when 13 companies announced dividend increases while only 2 announced cuts. Is this a signal that Q3 will show rebounding sentiment toward dividend and buyback policies? The recessionary pressure is easing; and dividends are a powerful attractor for cautious investors.Looking at the current situation from Evercore ISI, market strategist Dennis DeBusschere believes the worse is over, saying, “[A] sharp drop in cash returns is unlikely [in 2h20.]” He believes that companies will continue, albeit slowly, to restore both dividends and buyback policies – but cautions that investors should not expect a return to pre-pandemic levels for until at least 2022.“Though a recovery back to pre-pandemic levels is not...
Today we will run through one way of estimating the intrinsic value of Kimberly-Clark Corporation (NYSE:KMB) by......
VANCOUVER, BC and STUTTGART, Germany, Sept. 28, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an agreement to collaborate with MAHLE, a leading international development partner and Tier 1 supplier to the commercial vehicle and automotive industry, on the development and commercialization of zero-emission fuel cell systems to provide primary propulsion power in various classes of commercial trucks....
Citigroup raised its price target on Qualcomm (QCOM) stock on Monday to $132 (15.3% upside potential) from $108 citing strong earnings growth potential over the next year. Shares of the mobile chipset manufacturer were trading 1.7% higher in the pre-market trade today.Citigroup analyst Christopher Danely reiterated his Buy rating on Qualcomm. In a note to investors, Danely said that Qualcomm’s earnings could increase 43% through 2021, way higher than the peer group average earnings growth of a mere 1%. The analyst believes that acceleration in deployment of 5G will mainly drive the company’s bottom-line results.Notably, Qualcomm has been benefiting from a ramp-up in 5G-enabled chips. On July 29, it reported non-GAAP revenues of $4.89 billion, which surpassed analysts’ expectations of $4.81 billion and came in above the mid-point of the company-guided range of $4.4-$5.2 billion. Qualcomm’s adjusted EPS of $0.86 beat Street estimates of $0.72 and was well above the guidance range of...
