On Jan. 14, I panned ExxonMobil (XOM) in my trader column, and it’s been a decent call so far.
Since the close on Jan. 13, shares of ExxonMobil have lost 5.2% including reinvested dividends, while the Energy Select SPDR ETF (XLE) has lost 4.3%. The S&P 500 has returned 4.1% during the same period.
But Exxon is getting ready to host its analyst day tomorrow. Could that be the catalyst it needs to reverse its losses? Credit Suisse analyst Edward Westlake and team don’t think so:
With one of the highest share of longer lived cashflows in the Majors (including the leading Integrated Downstream & Chemicals), and the ability to offset upstream decline through capital efficient shale, tiebacks, low cost greenfield e.g. Guyana, and lowest cost LNG/oil sands (helped by technology), then XOM’s free cash flow should improve…we show that if XOM can hold onto the cost savings from 2016, deliver Permian growth and maintain capex control in the legacy assets, then the unlevered fcf yield could rise toward 6.5% in the $60′s Brent. The Russell 1000 is trading around 4.8%. The historical premium is 100bps (though with a wide range given cycle). This suggests XOM shares are becoming more reasonably valued vs the SPX as they have pulled back somewhat and as management continue to deliver. However, at around $60/bbl, there would be other Majors with a wider FCF yield and faster growth coming from the pure play shale exposed names. This fcf yield does mean that the 3.8% dividend yield is well covered (a point XOM made last year) and XOM can grow the dividend over time. We note the dividend hike normally comes just ahead of 1Q results.
Top 5 Dividend Stocks To Watch For 2018: P.T. Telekomunikasi Indonesia Tbk.(TLK)
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares fell 0.45 percent. Meanwhile, top losers in the sector included Telekomunikasi Indones (Prsr)Tbk PT-ADR (NYSE: TLK), down 4 percent, and China Telecom Corporation Limited (ADR) (NYSE: CHA) down 2 percent.
Top 5 Dividend Stocks To Watch For 2018: Cinemark Holdings Inc(CNK)
- [By Monica Gerson]
Cinemark Holdings, Inc. (NYSE: CNK) is projected to report its quarterly earnings at $0.46 per share on revenue of $699.23 million.
Aecom (NYSE: ACM) is expected to report its quarterly earnings at $0.72 per share on revenue of $4.55 billion.
- [By Chris Lange]
While most people get their content online in an increasingly digital world, we shouldnt forget where most of it came from the movie theater. While Netflix, Hulu and HBO are cleaning up with their streaming services and content, the newest content is consistently at the theater. Cinemark Holdings Inc. (NYSE: CNK) is looking to take advantage of this idea with its newest offering to its customers.
- [By Jon C. Ogg]
24/7 Wall St. covers many of the top analyst upgrades and downgrades each morning of the week. The downgrade brigade included a Credit Suisse report on Cinemark Holdings Inc. (NYSE: CNK) that effectively gave the movie cinema chain the equivalent of a “Sell” rating. It was actually a negative view on the entire movie chain sector.
Top 5 Dividend Stocks To Watch For 2018: Telefonica SA(TEF)
- [By Lisa Levin]
Telecommunications services shares gained around 0.98 percent in trading on Thursday. Meanwhile, top gainers in the sector included Telefonica S.A. (ADR) (NYSE: TEF), and Allot Communications Ltd (NASDAQ: ALLT).
- [By Javier Hasse]
Multiple-award-winning Trimaker is the leader in terms of sales in 3D printing in the region, serving clients like Staples, Inc. (NASDAQ: SPLS), Toyota Motor Corp (ADR) (NYSE: TM), Kraft Heinz Co (NASDAQ: KHC) and Telefonica S.A. (ADR) (NYSE: TEF). The company not only manufactures its own 3D printers, but also offers materials and related services.
Top 5 Dividend Stocks To Watch For 2018: S&P GSCI(GD)
- [By Rich Smith]
As details about the Pentagon’s plan have emerged, it’s become clear that this will be a sizable program, amounting to perhaps $1 trillion in spending over 30 years — not just to upgrade the Minuteman missiles, but also to buy new B-21 stealth bombers from Northrop Grumman (NYSE:NOC)and have General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII) design an entirely new class of ballistic missile submarines (to be known as the “Columbia class.”)
- [By WWW.KIPLINGER.COM]
Its this kind of environment that has made the iShares U.S. Aerospace & Defense ETF(ITA) one of the best-performing ETFs over the past decade. Companies like Lockheed Martin Corporation (LMT) and General Dynamics Corporation (GD) have thrived by producing solutions funded by a thick military wallet.
- [By Alex McGuire]
Since the early 1960s, aerospace and defense companies have been building vehicles for space agencies like NASA. For example, General Dynamics Corp. (NYSE: GD) was contracted to help build the propulsion rocket systems for the famous Apollo missions.
Top 5 Dividend Stocks To Watch For 2018: Cellcom Israel Ltd.(CEL)
- [By WWW.THESTREET.COM]
That’s why Cramer said he’ll be listening for news coming from Celgene (CEL) , Amgen (AMGN) , Allergan (AGN) , an Action Alerts PLUS holding, and Regenron (REGN) , all of which are set to present. Of the four, Cramer said he’s sticking with Allergan and Amgen.