Select a maximum of 8-10 positions from this list that have the best risk/reward ratio and are reasonably valued. Then there is a good chance of outperforming the S&P 500.
In principle, the list includes good quality companies. However, my toenails roll up when I see Palantir, Robin Hood and Roblox on the same list as Costco, Mastercard and Microsoft.
Intuit exceeds expectations in the second quarter and confirms full-year forecast
$INTU (-6.82%) Intuit Inc (NASDAQ: INTU) reported its second fiscal quarter results on Tuesday, beating Wall Street estimates.
For the three months ended January 31 the financial software company reported adjusted adjusted earnings per share (EPS) of USD 3.32 on sales of USD 3.96 billion. Analysts had only expected USD 2.58 EPS on sales of USD 3.83 billion expected.
Forecasts
Q3 2024Intuit expects an adjusted adjusted EPS of USD 10.89 to USD 10.95 and revenue between USD 7.55 billion to USD 7.6 billion. Analysts had previously expected 11.53 USD EPS on sales of USD 7.51 billion were expected.
Financial year 2025: The forecast envisages adjusted EPS of between USD 19.16 and USD 19.36 with sales of USD 18.16 billion to USD 18.35 billion is forecast.
Dividend increase
The company increased its quarterly dividend by 16 % to USD 1.04 per share, payable onpayable on April 18, 2025.
Intuit ($INTU (-6.82%)) and Amazon ($AMZN (-9.22%)) announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuit's AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuit's platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth. QuickBooks will become Amazon's preferred partner for financial management solutions integrated directly in Amazon Seller Central, the Amazon site where sellers manage their businesses. "Intuit and Amazon are providing financial tools for millions of Amazon sellers to thrive in Amazon's store," said Intuit CEO Sasan Goodarzi. "We know businesses that use Intuit's QuickBooks platform have a nearly 20-point higher success rate than those who don't. We're proud to partner with Amazon to bring the benefits of our AI-driven expert platform to help sellers boost their revenue and profitability, save time, and grow with confidence."
