>>> Commercial Metals Company (CMC) manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
>>> 9 Up-And-Coming Stocks Are Close To Becoming The Next Big Caps
Investor's Business Daily
by MATT KRANTZ
The bigger the company and stock — the better year they've had for investors. But keep a lookout: Some smaller firms are on the verge of breaking into the big leagues.
Nine S&P MidCap 400 stocks — including industrials Hubbell (HUBB) and Builders FirstSource (BLDR) and tech Dynatrace (DT) — are now valued at $13 billion or more, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. That makes them even larger than 15% of the stocks in the big-cap-focused S&P 500 — the world's most popular stock index.
Such powerful moves by select midsize companies show a movement happening under the surface of the indexes. Yes, big caps are trouncing the rest of the market. But up-and-coming smaller companies rallying higher are making huge gains on their own terms. The shifts also show what the big-cap winners of tomorrow might look like.
"The rationale for the rebound in small and midcap flows is significant," said Quincy Krosby, chief global strategist for LPL Financial.
Big Caps Dominate For Now
There's no question that investors prefer the big-cap stocks like the ones in the S&P 500 right now. It's just that the kind of companies considered big caps might be changing.
The SPDR S&P 500 ETF Trust (SPY) is up 15.2% this year. That runs circles around the 6.1% rise by the SPDR S&P MidCap 400 Trust (MDY) and SPDR Portfolio S&P 600 SmallCap ETF (SPSM).
But what many investors might be missing is that some midcap stocks are up so much they're now big enough to be on the S&P 500. Take Hubbell, a maker of electrical components used by utilities. Shares of the S&P MidCap 400 stock are up nearly 37% this year. That makes the company worth $17.2 billion. If the company was in the S&P 500, it would be the 363rd-most-valuable stock in the index.
Other Midsize Miracles
Watching up-and-coming midcap stocks isn't just interesting. It can signal important changes coming to the S&P 500.
Starting on June 19, Dish Networks (DISH), the least valuable S&P 500 stock at $3.4 billion, is replaced by Palo Alto Networks (PANW), which is valued at $74.6 billion. And there could be more changes. Nearly 35 stocks in the S&P 500 are valued at less than $10 billion — well below the average $77 billion market capitalization of stocks in the index.
Another midcap miracle is Builders FirstSource. The company, which sells building materials to contractors, has seen shares surge more than 85% this year. That puts the company's value at $15.5 billion. And then there's Dynatrace, a computer security firm. This S&P 400 company is now worth $15 billion thanks to its 34.8% jump this year.
Given the S&P 500's outperformance this year, it's totally understandable why investors are fixated on the largest stocks. But up-and-coming midcap stocks serve up a reminder that the big-cap rolls can — and will — change.
Big Enough To Be S&P 500 Large Caps
Most valuable S&P 400 stocks
Company Ticker YTD Market value ($ billions) Sector
Hubbell (HUBB) 36.5% $17.2 Industrials
Builders FirstSource (BLDR) 87.1 $15.6 Industrials
Dynatrace (DT) 33.7 $14.9 Information Technology
Reliance Steel & Aluminum (RS) 26.5 $15.1 Materials
Westlake (WLK) 11.9 $14.6 Materials
Graco (GGG) 28.0 $14.5 Industrials
Jabil (JBL) 54.5 $13.9 Information Technology
Deckers Outdoor (DECK) 28.4 $13.4 Consumer Discretionary
Watsco (WSO) 47.0 $13.3 Industrials
>>> ON Semiconductor Corporation (ON) provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments. It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.
>>> Builders FirstSource, Inc. (BLDR), together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.
The company also provides specialty building products and services, including vinyl, composite and wood siding, exterior trims, metal studs, cement, roofing, insulation, wallboards, ceilings, cabinets, and hardware products; products turn-key framing, shell construction, design assistance, and professional installation services.
In addition, it offers software products, such as drafting, estimating, quoting, and virtual home design services, which provide software solutions to retailers, distributors, manufacturers, and homebuilders. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was incorporated in 1998 and is based in Dallas, Texas.
>>> AAON, Inc.(AAON), together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.
>>> Iridium Communications (IRDM) Stock Rose After Cash Dividend Announcement
by Soumya Eswaran
March 6, 2023
Baron Funds, an investment management company, released its “Baron Focused Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund (Institutional Shares) decreased by 4.52%, compared to a 4.72% rise for the Russell 2500 Growth Index and a 7.56% increase for the S&P 500 Index. For the full year, the fund trailed the primary benchmark the Russell 2500 Growth index and declined 28.14%. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Focused Growth Fund highlighted stocks like Iridium Communications Inc. (NASDAQ:IRDM) in the Q4 2022 investor letter. Headquartered in McLean, Virginia, Iridium Communications Inc. (NASDAQ:IRDM) is a mobile voice and data communications services and products provider. On March 3, 2023, Iridium Communications Inc. (NASDAQ:IRDM) stock closed at $62.57 per share. One-month return of Iridium Communications Inc. (NASDAQ:IRDM) was 4.90%, and its shares gained 62.18% of their value over the last 52 weeks. Iridium Communications Inc. (NASDAQ:IRDM) has a market capitalization of $7.882 billion.
Baron Focused Growth Fund made the following comment about Iridium Communications Inc. (NASDAQ:IRDM) in its Q4 2022 investor letter:
“Iridium Communications Inc. (NASDAQ:IRDM), a leading mobile voice and data communications services vendor offering global coverage via satellite, increased 15.8% and added 58 bps to performance in the quarter. It increased 24.2% for the year and helped performance by 106 bps. The stock outperformed as the company’s revenue growth accelerated, leading to strong profitability and cash flow, which the company used to buy back its stock. The company continues to benefit from its $3 billion investment in its satellite constellation, which is a technologically and capital-intensive effort and a strong barrier to entry. Iridium continues to generate consistent and growing revenue and cash flow, which should lead to a return of capital to shareholders for at least the next 10 years. That is since its satellites last longer than its competitors’ satellites, and they offer stronger broadband given its low-earth orbit positioning.
Shares of Iridium Communications Inc., a leading mobile voice and data communications services vendor offering global satellite coverage, rose after announcing its first cash dividend as part of its shareholder return program. Expectations for smartphone compatibility remained robust, with record quarterly results showing double-digit growth in commercial service revenue and solid profitability. Initiatives including aircraft tracking system Aireon and enterprise broadband service Certus are maturing. Lastly, Iridium won a $324 million contract from the Space Development Agency."
Iridium Communications Inc. (NASDAQ:IRDM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Iridium Communications Inc. (NASDAQ:IRDM) at the end of the fourth quarter which was 25 in the previous quarter.
We discussed Iridium Communications Inc. (NASDAQ:IRDM) in another article and shared the list of best telecom stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
>>> Is ASML the Most Important Tech Company in the World?
ASML is the only company in the world that makes EUV lithography systems.
Analytics India Mag.com
Oct 6, 2022
By Pritam Bordoloi
Today, almost all electronic devices are powered by silicon-based chips. From the device on which you are reading this article to the car you own, everything is powered by chips. These chips power the data centres and also many military technologies. While Intel, Samsung or TSMC are well-known names in the semiconductor space, ASML Holdings is probably the most important and much less known of them all. ASML is the only company in the world that makes these highly sophisticated machines used in chip making.
Based in the Netherlands, Advanced Semiconductor Materials Lithography (ASML) has often been dubbed the most important technology company of our time. To put things in perspective, without ASML, there are no chips, and without chips, there is no progress.
Chris Miller, author of the book Chip War: The Fight for the World’s Most Critical Technology, claims that microchips are the new oil. While World War II was decided by steel and aluminium, chips will decide the next phase of human history.
ASML, which started as a subsidiary of Philips, sells its machines to Intel, TSMC and Samsung. Founded in 1984, ASML’s profit has soared in the last couple of years, with the company valued higher than Intel. So what led to the rise of ASML?
EUV Lithography—ASML’s Goliath
ASML has a monopoly on the fabrication of Extreme Ultraviolet (EUV) lithography machines because each one of them is among the most complicated devices ever made, according to Miller.
EUV lithography is a new state-of-the-art technology developed by ASML. Its closest competitors, Nikon and Canon, are not working on this technology, and experts believe that it could take them decades to crack EUV lithography. This further establishes ASML as the only company that makes EUV lithography systems in the whole wide world.
“EUV light occurs naturally in outer space. But to make EUV lithography possible, we needed to engineer a way to create such light within a system. So, we developed a radically new approach to generating light for lithography,” ASML said on its website.
The technology is very complex and produces light wavelengths of 13.5 nanometers (billionths of a metre). The reduction in size is almost 15 times when compared to deep ultraviolet (DUV) lithography, which uses 193 nanometer light.
The EUV lithography system uses powerful lasers and a system of complex mirrors—the flattest material on Earth, according to ASML—to etch integrated circuits on silicon wafers.
“The TWINSCAN NXE:3600D is ASML’s latest-generation lithography system, supporting EUV volume production at the 5 and 3 nm Logic nodes and leading-edge DRAM nodes,” the company said.
Its monopoly has been due to the exploitation of photolithography to an extreme level. Each EUV lithography system made by ASML costs around USD 200 million and is made of thousands of components acquired from nearly 5000 different suppliers. The machines, which are the size of a double-decker bus and weigh around 180 tonnes, are also made up of seven different modules, built around ASML’s manufacturing sites spread across more than 60 locations on three continents.
The modules are then shipped to Veldhoven, where they are assembled, tested, and then again disassembled for delivery. The exorbitant costs involved means not many can afford them, and not many can afford to make them either.
With its competitors years away from cracking the technology, ASML has a monopolistic hold on the market, and the company has already begun working on the next generation of lithography systems.
However, competition might be imminent. Recent reports suggest that China might have cracked the lithography code. It is common knowledge that China wants to establish an autonomous semiconductor supply chain within the country to hedge against US sanctions and growing geopolitical and supply chain risks.
Earlier this year, the US blocked the sale of EUV lithography machines to China. However, SMIC, China’s biggest semiconductor manufacturer, indigenously produced 7 nm chips using DUV lithography and is now working on advanced 5 nm chips.
Lithography has been the weak link in China’s semiconductor ecosystem, but now they seem to have cracked the code. Some experts in China believe that the country will be able to achieve a key breakthrough in EUV lithography in less than five years.
“I think China also would love to develop their own EUV competency, their ecosystem for these things. I think it’s going to be very difficult for them to do that, frankly,” JSR chief executive Eric Johnson told the Financial Times.
However, earlier this year, ASML alleged that SMIC might have infringed its trade secrets. With China in the lithography picture, ASML’s monopolistic hold in the market could very well be at stake.
High-NA EUV lithography
ASML has been working on high-NA (??numerical aperture) EUV scanners, the follow-up to its EUV lithography systems. Even though it is in the R&D phase, it could help ASML stay ahead in the game.
Still in R&D, the new high-NA EUV system features a 0.55 NA lens capable of 8 nm resolutions, compared to 13 nm for the existing tool. These new machines are expected to cost more than USD 300 million. However, the new technology is not expected to move into production before 2025.
Interestingly, in an interview, Martin van den Brink, chief technology officer at ASML, said that the high-NA EUV lithography could be the end of the game. Besides the occasional debate around the demise of Moore’s Law, the end of the line could have a significant impact on the very future of ASML.
Without shrink, there is no innovation and could this mean, ASML will cease to be an innovation-driven company? While it’s too early to speculate, ASML has a bright future ahead, at least for a considerable period of time. Chip makers are ramping up production and are lining up at ASML’s office for new machines.
DexCom - >>> DexCom (DXCM) executed a 4-for-1 stock split on June 10, 2022. The company remains a leader in the diabetes care industry with its continuous glucose monitoring (CGM) devices. Bear in mind, the global market for CGMs is rapidly growing both as the incidence of diabetes rises and the adoption of these devices expands in the patient population.
According to an analysis by Grand View Research, the global CGM market is expected to reach a valuation of $11 billion by 2030, compared to its 2022 valuation of $7.8 billion. To give you an idea of the scale of DexCom's footprint in that market, the company reported revenue just shy of $3 billion in 2022, giving it an estimated market share of about 40% globally.
And as of the end of 2022, roughly 1.7 million people around the world were using DexCom's CGM devices, a whopping increase of nearly half a million individuals compared to 2021. DexCom has built a steadily growing and profitable business around its CGM devices, and is in the process of releasing the latest version of its flagship product, the G7.
The new G7 CGM was just officially launched in the U.S. and has already been launched in key international markets including Europe, the U.K., and Asia. The product is billed as being 60% smaller than its predecessor, and with recent coverage expansion by Medicare, remains the most covered and reimbursed device of its kind.
2022 saw the company report earnings to the tune of $341 million, a 57% increase from 2021. DexCom's revenue rose 19% year over year, driven by revenue increases of 16% in the U.S. and 28% in international markets. Meanwhile, the healthcare company's operating income of $391 million represented a 250-basis point hike from 2021.
Another successful product launch and a strong track record of growth portend well for this market leader's continued expansion in the years ahead. Long-term shareholders can benefit in the process.
United Rentals (URI) - >>> United Rentals (NYSE:URI) may at first seem like just a value stock, with a low valuation that signals the market’s low confidence in its future results. Given the current economic slowdown, you may assume that this equipment rental company is facing more challenging times ahead.
However, take a closer look at URI stock, and it’s clear that isn’t the case. Rather than being a value stock, at risk of becoming a “value trap,” URI is instead one of the top growth stocks to buy. As demand for its services remains robust, earnings are expected to grow at a steady pace between now and 2025.
This continued earnings growth could keep URI stock (B-rated in Portfolio Grader) in growth mode for years to come. In addition, the company’s recent initiation of a dividend (1.51% forward yield), plus planned share repurchases, will help boost total returns.
>>> Peter Lynch’s 6 Categories Tool» To Find The Best Stocks To Buy
With instructions on when to sell them too
Peter Lynch is one of the greatest value investors out there, and thanks to his Magellan Fund he has beaten the market for over 20 years. Not only that, but he also wrote an amazing investing book called “One Up On Wall Street”.
In this amazing book, he talks about investing and the stock market, focusing in particular on how to find investment ideas and good stocks to buy. Because, as he puts it,
“Investing without research is like playing stud poker and never looking at the cards”
One of the main points of the novel is that according to him, the best way to approach stocks is to categorize them into six predefined categories — a breakdown should give an investor a clear indication of whether something is a buy, sell, hold, or stay-away-stock. So, here are the different categories and how to use them.
Slow Growers: Just Avoid Them
Starting off with a bold claim, Peter Lynch believes that companies with very slow revenue growth are straight-up stocks to avoid.
Not only that, but he says everyone should also avoid those stocks that might end up in this category soon (even if they’re currently not). This is because it never looks nice for investors when this happens, just like Netflix and IBM show.
Here are a few things that slow growers tend to have in common:
Generous and regular dividends, plus buybacks. Most slow-growth stocks usually have a relatively high payout ratio, meaning they pay out most of the profits since they don’t have any growth to reinvest for.
Flat earnings, and sometimes a flat stock chart too. Slow-growth stocks tend to have flat earnings over the long term, and sometimes even a stock chart. Not always though, since stocks can still move with multiple expansions and contractions (the P/E might go from 10 to 20 and vice versa).
Strangely high payout ratio and mid-to-high debt: if the company has a high payout ratio with growing dividends and flat profits, the risk is that they might pay out in dividends more than they can afford. Just look at McDonald’s, using debt to sustain the dividend.
Finally, keep in mind that all of this is not to say that slow growers can’t move or make their investors money. They can indeed, but it’s so rare that Lynch believes you should avoid them altogether.
Stalwart Stocks: Good Recession Protection
The second category is that of stalwarts stocks. These are businesses that grow nicely, but not enough to be considered a growth stock essentially (8-12% stable earnings growth is what defines them for Lynch). And the second necessary condition is that these companies are not in a sector that completely melts down during a recession. Think pharmaceuticals, for example.
With these stocks, to make good profits you need to time your purchase well over the cycle. In fact, Lynch says that if a stalwart goes up 50–100% in two or three years after you buy it, you might want to take profits before it’s too late.
Great examples are Bristol Myers Squibb and 3M. They have been growing their revenue at roughly 8% a year over the decade, and their investors have made decent returns. But these people also didn’t make life-changing money, they just made normal returns. These stocks have only managed to double over a decade, which might seem great but is actually just 7% per year. This is why Lynch tells his readers to buy these companies only when the risk of a recession starts to become real. Because perhaps the most important thing is that over the great recession, these stocks were flat. They remained stable during the years in which everything fell by more than 50%.
This is why they are great for recession protection — because they don’t do wonders in regular times, but they usually pull through better than others during recessions. The key is to find a few well-priced ones that have done well in past recessions.
There are two things to look out for though. These are envy, and mergers and acquisitions: Lynch warns investors to be careful about the management of big stable companies essentially. He says that sometimes CEOs tend to be jealous of fast-growing companies, so they do something stupid and this usually ends up hurting investors (like AT&T with Warner Media).
His Favorite Stocks: The Fast Growers
Next up is Lynch’s favorite category: those companies that grow at 20% or more per year. The author here is referring to the land of the 10-to-40-baggers essentially, the Amazons and Apples of the future. Those stocks that you buy and never even think of selling because they are true long-term compounders.
These stocks do not have to belong to a fast-growing industry, all they have to do is have the room to expand in a slow industry. Starbucks for example was a fast grower in the 1990s and 2000s that has now turned into a stalwart: those that invested in the 1990s ended up with a 20-bagger, whereas those that invested later did still good, but not as good.
I don’t really think there’s much more to say about growth stocks, if not about their price. Lynch says that to make a good return on your money, you should always buy them with a P/E Ratio below the growth rate. A 30% growth allows for a P/E of 30 for example, but nothing more if you want to make real money.
Here’s what else you can expect from fast growers:
If growth slows down, the market doesn’t like it and you end up with a Stalwart or Slow Grower — which is a whole different story.
Look for good balance sheets making substantial profits from the start, not unprofitable ventures.
Figure out when they’ll stop growing and how much to pay for growth. Because at some point, they will for sure stop growing and turn into something else.
Check how much more room for growth there is. 20 to 25 percent is the best growth rate, whereas businesses with 50% growth will probably attract many competitors or not last forever.
Look for companies with proven and profitable expansion in more than one city or country. Possibly those that few have heard of in general.
Cyclical stocks are those that follow the economy and/or their respective sector. Automotive, airlines, steel, chemical, travel etc. are all cyclical companies. Ford is the perfect example, as it goes down with every recession and up with every boom (it’s currently down again on the expectation that there will be a recession soon).
As you can see, these stocks are not a bad buy if you do it at the right time. Those who bought in 1989 have had a 10x over a decade, and the same goes for 2009. But those who bought at the wrong time essentially lost their money going into a recession. Timing is really the key here:
These stocks flourish when the economy turns good again, but suffer when there is no economic growth. They usually decline when peak earnings are reached and investors expect the next recession (like today).
50 or 75% drops are normal if you buy at the wrong part of the cycle. And you might have to wait years before seeing another upswing, just like Ford which is down ever since 2013.
Timing is everything — watch for inventories, economic growth, interest rates and also for new market entrants in the sector.
Know your Cyclical and figure out the cycles for each sector you are buying these stocks in. Within the car industry, 3 to 4 bad years are usually followed by 3 to 4 good years, but that’s not a universal thing.
The worse the slump, the better the recovery. But it’s also much easier to predict an upturn than a downturn in the industry.
Turnarounds: Buy Only With Maximum Certainty
Turnaround stocks are companies that are deemed as “doomed” by the market, but that might not actually be as bad as everyone thinks. Therefore, the investment thesis with these ones is that the market is being overly pessimistic.
About these stocks, Lynch essentially says you should watch carefully for the moment in which bankruptcy fears ease and the stock explodes as investors re-evaluate earnings and potential (in other words, to look for a catalyst). The problem with these stocks is that you have to be certain that bankruptcy won’t happen, or else you lose your money.
You also need to understand whether the issues are as big as perceived by the market or not, and also remember what Warren Buffett says about these companies: “turnarounds almost never turn around”.
The Asset Plays
Finally, an asset play is a company sitting on something valuable that the market is overlooking. Or even one with a good asset that hasn’t yet started to print cash, which is therefore not baked into the price of the stock.
This asset can be cash, real estate, inventory, even accounting losses, the number of users, etc. For example, during the 2020 crash, there were REITs trading for cents on the dollar when you looked at the value of the assets.
But of course, it’s not as easy as it may seem:
You must know the asset well
You must have the patience to wait until the value unlocks
You must always look at the debt, just like you look for hidden assets.
Finally, check if the management is making or destroying value for the shareholders. If they’re doing well, the value will probably be recognized soon, if not you might have to wait a while.
How To Use The Above Categories
About using this list, in the book, Lynch says that every investor should always categorize each company and find out what kind of stock it is, then closely follow it and only after a while making investment decisions. Or at least, this is what he did to beat the market for two decades.
Of course, if you’d like to know more about these categories, you should definitely go read the amazing book “One Up On Wall Street”. It’s probably the most undervalued investing book out there.
>>> Iridium connects with Qualcomm <<<
>>> 2 Unlikely Stocks Sent Markets Soaring Friday
By Dan Caplinger
Jan 6, 2023
Iridium connects with Qualcomm
Meanwhile, shares of Iridium Communications picked up 13% on Friday. The satellite network specialist announced a major partnership with Qualcomm (QCOM -0.61%) that could dramatically boost Iridium's business and the space stock's price.
Under the terms of the agreement, Iridium's fully operational satellite constellation will support Qualcomm's new Snapdragon Satellite mobile solution, which is expected to make its debut in the second half of this year. Select premium smartphone models running the Android operating system will start offering emergency messaging over the satellite network in select regions, with plans to roll out service more broadly in the future.
In the long run, Iridium has even more ambitious plans for its satellite network. In addition to voice and data communications via mobile phone, Iridium also notes that its satellite connectivity can have equally useful applications for vehicles as well as in business assets connected through the Internet of Things. By making a partnership with Qualcomm rather than simply making technology available in a single cellphone model, Iridium ensures maximum penetration of its service and opens the door to wider adoption as users get familiar with the technology.
After more than a decade of holding still, Iridium stock has soared fivefold since 2018. Investors are more excited than ever that the long-term vision of the satellite network operator is finally becoming reality.
>>> Louisiana-Pacific Corporation (LPX), together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber and other related products; and LP SolidStart I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
Sherwin-Williams - >>> 3 Unstoppable Investments Everyone Needs in Their Portfolio
By James Brumley
Nov 3, 2022
Sherwin-Williams isn't just a house paint company. Even if it was, though, it would be more resilient than you might imagine.
Not every company can thrive in -- or even survive -- a wobbly economy.
There are plenty of stocks worthy of consideration right now, particularly in light of this year's sizable sell-off. In some ways, though, the weakness has distinguished the resilient winners from the marginal, vulnerable players -- not every name out there can truly be considered "unstoppable."
With this market backdrop, here's a closer look at three investments that would be at home in almost anyone's portfolio. Not all of them are high-growth companies, but all three of them are built to thrive in any environment.
You likely know it as a brand of paint and a chain of paint stores, but that's not all The Sherwin-Williams Company (SHW 0.68%) is. The company also manages an industrial coatings business serving industries ranging from automotive to energy to aerospace to packaging and more. Many of its customers need these goods regardless of the economy's condition, and regardless of these goods' cost.
In the meantime, there's always a respectable market for architectural (home and building) paint.
The homebuilding boom between 2011 and early this year coincides with comparably paced revenue growth for this popular paint brand. Indeed, the only quarter in which sales fell year-over-year within the past decade was the second quarter of 2020, when the COVID-19 pandemic shut down all non-essential consumption. Once that dust settled and stores could reopen, people began improving the homes they were suddenly spending so much time in.
It's a testament to just how marketable architectural paint is. Not only is painting one of the most cost-effective ways of making worn-out walls look new again, it's also one of only a handful of DIY projects most homeowners feel confident enough to take on themselves. Underscoring this idea is how