Heute:

• $PG (-0,18 %) Procter & Gamble Q3'25 Earnings Highlights

• EPS: $1.54 (Est. $1.55) ❌
• Revenue: $19.78B (Est. $20.36B) ❌; DOWN -2% YoY
• Organic Sales: +1% YoY

• $CMCSA (-0,93 %) Comcast Q1 2025 Earnings Highlights

• Adjusted EPS: $1.09 (Est. $0.99) ✅; UP +4.5% YoY
• Revenue: $29.89B (Est. $29.8B) ✅; DOWN -0.6% YoY
• Domestic Broadband Net Loss: -199K (Est. -144K) ❌

• $HAS (-1,75 %) Hasbro Q1 2025 Earnings Highlights

• EPS: $0.70 (Est. $0.69) ✅
• Revenue: $887.1M (Est. $771.15M) ✅; UP +17% YoY
• Operating Profit: $171M (19.2% margin)
• Adjusted Operating Profit: $222M (25.1% margin); UP +5.5pp YoY
• Operating Cash Flow: $138M (vs. $178M YoY)
• Returned $98M to shareholders via dividends, reduced debt by $50M

• $MRK (+0 %) Q1 2025 Earnings Highlights

• Adjusted EPS: $2.22 (Est. $2.13) ✅; UP +7% YoY
• Revenue: $15.53B (Est. $15.33B) ✅; DOWN -2% YoY, UP +1% ex-FX
• Gross Margin: 78.0% (vs. 77.6% YoY) ✅

• $PEP (-0,86 %) PepsiCo Q1'25 Earnings Highlights

• Core EPS: $1.48 (Est. $1.49) ❌; DOWN -4% YoY
• Revenue: $17.92B (Est. $17.78B) ✅
• Organic Revenue Growth: +1.2% YoY

• $AAL (+0,73 %) American Airlines Q1'25 Earnings Highlights

• Revenue: $12.60B (Est. $12.68B) ❌
• Adj. EPS: ($0.59) (Est. ($0.62)) ✅
• Passenger Rev: $11.39B (Est. $11.36B) ✅
• Load Factor: 80.6% (Est. 81.9%) ❌
• ASM: 69.90B (Est. 69.91B) 🟡
• Withdrew FY guidance due to macro uncertainty
• Previously guided FY25 EPS: $1.70–$2.70

Gestern Abend:

• $NOW (+1,08 %) ServiceNow Q1'25 Earnings Highlights

• Adj EPS: $4.04 (Est: $3.83) ✅
• Total Revenue: $3.09B (Est: $3.08B) ✅; UP +18.5% YoY
• Subscription Revenue: $3.01B (Est: $3.00B) ✅; UP +19% YoY
• Adjusted Gross Profit: $2.54B (Est: $2.53B) ✅
• Adjusted Gross Margin: 82% (Est: 81.8%) ✅; DOWN from 83% YoY
• Adjusted Subscription Gross Margin: 84.5% (Est: 83.9%) ✅; DOWN from 86% YoY
• Adj. Free Cash Flow: $1.48B (Est: $1.32B) ✅; UP +21% YoY

$CMG (-1,35 %) Chipotle Q1'25 Earnings Highlights

• Revenue: $2.88B (Est: $2.94B) ❌ ; UP +6.4% YoY
• Adj EPS: $0.29 (Est: $0.28) ✅; UP +7.4% YoY
• Comparable Sales: DOWN -0.4% (Est: +1.74%) ❌
• Operating Margin: 16.7% (Est: 16.4%) ✅; UP +40 bps YoY
• Restaurant-Level Margin: 26.2% (Est: 25.9%) ✅; DOWN -130 bps YoY
• Average Restaurant Sales: $3.19M (Est: $3.17M) ✅
• Digital Sales Mix: 35.4% of total food & beverage revenue

$IBM (-0,15 %) Q1'25 Earnings Highlights

• Revenue: $14.54B (Est: $14.41B) ✅; UP +0.5% YoY
• Operating EPS: $1.60 (Est: $1.42) ✅; DOWN -5% YoY
• Adj Gross Margin: 56.6% (Est: 55.6%) ✅; UP +190 bps YoY

• $LRCX (+1,77 %) Q3'25 Earnings Highlights

Key Metrics

• EPS (Non-GAAP): $1.04 (Est: $1.00) ✅; UP +14% QoQ
• Revenue: $4.72B (Est: $4.63B) ✅; UP +8% QoQ

• $TXN (-0,63 %) Instruments Q1'25 Earnings Highlights

• EPS: $1.28 (Est: $1.06) ✅; UP +7% YoY
• Revenue: $4.07B (Est: $3.91B) ✅; UP +11% YoY
• Operating Profit: $1.32B (Est: $1.18B) ✅; UP +3% YoY

$CMCSA (-0,93 %)

🔹 Adjusted EPS: $1.09 (Est. $0.99) 🟢; UP +4.5% YoY

🔹 Revenue: $29.89B (Est. $29.8B) 🟢; DOWN -0.6% YoY

🔹 Domestic Broadband Net Loss: -199K (Est. -144K) 🔴

Connectivity & Platforms

Segment Revenue:

🔹 Total Connectivity & Platforms Revenue: $20.14B; DOWN -0.7% YoY

🔹 Residential Connectivity & Platforms: $17.64B; DOWN -1.3% YoY

🔹 Business Services Connectivity: $2.50B; UP +3.7% YoY

Segment Adjusted EBITDA:

🔹 Total Connectivity & Platforms Adj. EBITDA: $8.34B; UP +1.5% YoY

🔹 Residential Adj. EBITDA: $6.92B; UP +1.0% YoY

🔹 Business Services Adj. EBITDA: $1.42B; UP +4.1% YoY

🔹 Segment EBITDA Margin: 41.4% (UP +90bps YoY)

Customer Metrics:

🔹 Domestic Broadband Net Loss: -199K

🔹 Domestic Wireless Line Net Adds: +323K

🔹 Domestic Video Customer Loss: -427K

🔹 Total Customer Relationships: 51.38M (DOWN -228K QoQ)

Residential Connectivity Revenue Breakdown:

🔹 Domestic Broadband: $6.56B; UP +1.7% YoY

🔹 Domestic Wireless: $1.12B; UP +15.6% YoY

🔹 International Connectivity: $1.13B; UP +9.5% YoY

🔹 Video Revenue: $6.72B; DOWN -5.4% YoY

🔹 Advertising: $881M; DOWN -7.4% YoY

🔹 Other: $1.23B; DOWN -9.7% YoY

Content & Experiences

Segment Revenue:

🔹 Media: $6.44B; UP +1.1% YoY

🔹 Studios: $2.83B; UP +3.0% YoY

🔹 Theme Parks: $1.88B; DOWN -5.2% YoY

🔹 Total Segment Revenue: $10.46B; UP +0.8% YoY

Segment Adjusted EBITDA:

🔹 Media: $1.00B; UP +21.5% YoY

🔹 Studios: $298M; UP +22.3% YoY

🔹 Theme Parks: $429M; DOWN -32.1% YoY

Peacock & Streaming:

🔹 Peacock Revenue: $1.2B; UP +16% YoY

🔹 Peacock Adj. EBITDA Loss: $215M (Improved from $639M YoY)

Studios Breakdown:

🔹 Content Licensing: $2.17B; UP +3.5% YoY

🔹 Theatrical: $286M; DOWN -13.3% YoY

🔹 Other Revenue: $366M; UP +17.5% YoY

Theme Parks Commentary:

🔸 Revenue decline driven by lower domestic attendance, impacted by Hollywood wildfires

🔸 ~$100M in pre-opening expenses for Epic Universe (launching May 22, 2025)

O último mês foi marcado por bastante volatilidade, mas no geral, os resultados reforçam a minha estratégia. O momento mais baixo aconteceu no dia 08 de janeiro, quando observei uma queda de -1,15% no meu portfólio. No entanto, a maior alta foi de 4,42%, o que valida as entradas que fiz nas ações anteriormente mencionadas.

Estas são as que continuo a reforçar com base na minha análise:

• ✅ Ambev (ABEV) $ABEV3
• 
  ✅ Vale (VALE) $VALE (+0,79 %)
• 
  ✅ Elevance Health (ELV) $ELV (+3,01 %)
• 
  ✅ Comcast (CMCSA) $CMCSA (-0,93 %)
• 
  ✅ Maersk (MAERSKa) $MAERSK A (+0,03 %)
• 
  ✅ NOV Inc (NOV) $N1OV34
• 
  ✅ NVIDIA (NVDA) $NVDA (-3,33 %)
• 
  ✅ Cable One (CABO) $CABO (+1,45 %)

Em relação ao mercado cripto, apesar da baixa gigantesca deste mês, não vejo nenhuma grande oportunidade no momento. Vou aguardar para decifrar melhor os acontecimentos e analisar o que fazer no futuro.

A volatilidade está extrema, e prefiro manter uma abordagem estratégica antes de qualquer decisão.

Agora, o foco está em balancear os aportes e aproveitar as melhores oportunidades que surgirem.

O mercado continua incerto e volátil, mas isso também abre portas para novas entradas estratégicas.

Vamos ver como este mês corre e quantos pontos percentuais conseguimos alcançar com esta abordagem! 🚀📢

🔍 E vocês, como têm gerido esta volatilidade? Alguma destas ações faz parte da vossa carteira? Partilhem a vossa visão! 💬📊

$CMCSA (-0,93 %)

🔹 Adj EPS: $0.96 (Est. $0.86) 🟢

🔹 Revenue: $31.92B (Est. $31.62B) 🟢

🔹 Peacock Revenue: $1.32B (Est. $1.36B) 🔴

🔹 Domestic Broadband Net Change: -139,000 customers

Shareholder Initiatives:

🔹 Dividend Increase: Raised to $1.32 per share annually (+6.5% YoY)

🔹 Quarterly Dividend: $0.33 per share, payable April 23, 2025

🔹 New Share Repurchase Authorization: $15B

Financial & Operational Performance

🔹 Net Income: $4.78B (Up +46.6% YoY)

🔹 Adjusted Net Income: $3.69B (Up +8.3% YoY)

🔹 Adjusted EBITDA: $8.81B (Up +9.9% YoY)

🔹 Free Cash Flow: $3.26B (Up +90.9% YoY)

🔹 Capital Expenditures: $3.9B (Up +17.9% YoY)

Segment Performance

Connectivity & Platforms:

🔹 Connectivity Revenue: $11.5B (Up +4.9% YoY)

🔹 Domestic Broadband Revenue: $6.53B (Up +2.0% YoY)

🔹 Business Services Revenue: $2.45B (Up +3.7% YoY)

🔹 Domestic Wireless Revenue: $1.19B (Up +16.6% YoY)

Content & Experiences:

🔹 Media Revenue: $7.22B (Up +3.5% YoY)

🔹 Peacock Revenue: $1.32B (Up +28% YoY)

🔹 Studios Revenue: $3.27B (Up +6.7% YoY)

🔹 Theme Parks Revenue: $2.37B (Flat YoY)

Subscriber Trends:

🔹 Total Domestic Wireless Line Additions: +307,000

🔹 Total Domestic Video Customer Losses: -311,000

CEO Brian Roberts’ Commentary:

🔸 "Best financial performance in Comcast’s history, with record revenue, EBITDA, and EPS."

🔸 "Strong growth in connectivity, Peacock, and Studios, with Peacock revenue up 46% YoY."

🔸 "Excited for 2025, including our Comcast Business acquisition of Nitel, Epic Universe opening, and the NBA/WNBA return to NBC."

Exiting $LEN (+2,29 %)

Despite its strong performance in recent years and attractive valuation, I've decided to exit $LEN (+2,29 %) due to disappointing guidance and backlog figures. Additionally, I've grown less confident in the US residential sector as a whole. While its dividend remains appealing, I no longer see this sector aligning with my investment strategy.

Exiting $IFX (+1,42 %)

$IFX (+1,42 %) is heavily tied to the automotive industry, which I believe has uncertain prospects at the moment. While its valuation and dividend are still solid, I feel the industry's current challenges could weigh on $IFX’s performance. Given the lack of expected growth in the near term, I'm stepping out for now.

Exiting $CMCSA (-0,93 %)

I'm not particularly confident in the deals$CMCSA (-0,93 %) is making or the overall growth trajectory of its business. While theme parks may perform well, the company’s broader operations seem to be growing too slowly for the goals I have for my portfolio. As a result, I've decided to move on.

Buying $POWL (-1,29 %)

I'm adding $POWL (-1,29 %) to my portfolio due to its excellent momentum. This industrial company has strong growth in recent years and promising prospects, especially with its links to AI. I believe it still has significant room to grow in the short, medium, and long term. I felt like I had a "buy the dip" oportunity and I took it.

Buying $CCL (-1,28 %)

$CCL (-1,28 %) is another momentum play, and I’m focusing on companies that were heavily impacted by Covid but have yet to fully recover. Despite higher debt levels compared to pre-Covid years, $CCL is showing strong revenue and EPS growth, even surpassing pre-pandemic levels. I see considerable upside potential here.

Buying $MFC (-1,45 %)

To diversify my portfolio, I'm investing in $MFC (-1,45 %) , a growing insurance company with solid prospects in Asia. It boasts a strong balance sheet, an attractive dividend, and a fair valuation, making it a well-rounded addition to my portfolio.

$CMCSA (-0,93 %) Sottovalutata del 35% - Fair value 54$ 🟢 DivYield 3,11% - Payout Ratio 31,79%