Puestos
88Good Morning!
HOUSTON--(BUSINESS WIRE)--Dec 16, 2024-- WM (NYSE: WM) today announced that its Board of Directors has approved a 10.0% increase in the planned quarterly dividend rate for 2025, from $0.75to $0.825 per share. With this increase, the annual dividend rate will be $3.30 per share,€3.00 and marks the 22nd consecutive year of dividend increases for the company.
Depotupdate November - A successful month with a clear focus
November was a strong month, both in terms of returns and strategic realignment. The current portfolio value is 48.745,46 €with a solid monthly return of 6,86 %which corresponds to a price gain of 3.131,04 € . It is a further step towards a long-term and growth-oriented portfolio.
Activities in November: purchases and sales
Purchases:
S&P 500 $VUSA (+0,32 %)
via savings plan
The regular savings plan with 930 € in the S&P 500 was executed as usual. This basis offers stability and long-term diversification in the portfolio.
Bitcoin $BTC (-1,83 %)
The individual purchases with a value of 2.361,92 € reflect the conviction that Bitcoin will continue to gain in importance as an asset class in the long term. With a current weighting of 5,47 % it remains a tactical addition.
Sales:
Altria Group $MO (+0,78 %)
The position was sold with a plus of just under 30 % which corresponds to a volume of 1.340 € corresponds to a volume of €1,340. The tobacco giant no longer fits in with the growth strategy, which focuses on innovative and future-oriented companies.
LVMH $MC (-0,25 %)
This position was also sold, with a total value of 800 € and a loss of 280,74 €. Despite the quality of the company, the focus is now more on growth-oriented stocks, which is why LVMH no longer fits the strategy.
Portfolio structure and weighting
Security type weighting:
Top 5 sectors:
IT (25.19 %) - Driver in the portfolio, led by NVIDIA $NVDA (+2,01 %) and Apple $AAPL (+1,34 %)
Financial services (23.89 %) - Reliable returns with Allianz $ALV (-0,66 %) and BlackRock $BLK (+0,12 %)
Defensive consumer goods (16.05%) - Stability through P&G $PG (-1,24 %) and Walmart $WMT (-2,1 %)
Cyclical consumer goods (7 %) - Moderate exposure with potential.
Industrial goods (6.32%) - A diversifying addition.
Country allocation:
Deep Dive: The top 5 positions
NVIDIA (7.72 %):
Leader in AI development and graphics processors. NVIDIA remains the largest position and a key stock in the portfolio.
Allianz (6.16%):
A defensive anchor with stable dividends and strong market position in the insurance and wealth sector.
Apple (6.03%):
With a focus on services, wearables and technological innovation, Apple remains an essential holding.
Microsoft $MSFT (-1,05 %)
(5,65 %):
Leader in cloud services and AI solutions. Microsoft remains a long-term favorite.
BlackRock (5.63%):
The world's largest asset manager benefits from rising capital inflows and remains a mainstay.
Top movers in November
Winner:
Loser:
Conclusion and outlook
November was a very successful monthboth in terms of returns and the strategic realignment.
Key decisions:
Long-term perspective:
With the savings plan and targeted individual purchases, the portfolio is running on "autopilot". The combination of patience, strategic adjustment and a clear focus on growth stocks strengthens the foundation for a successful future.
The portfolio remains on course - an exciting month with a clear direction!
Waste Management Q3 2024 $WM (-0,32 %)
Financial performance
The company showed a solid financial performance, with net cash flow from operating activities of USD 3,879 million for the first nine months ended September 30, 2024, compared to USD 3,337 million for the same period in 2023. This strong cash flow generation underlines the ability to secure ongoing operations and fund growth initiatives.
Balance sheet analysis
As of September 30, 2024, the company's total assets amounted to USD 34,730 million, an increase from USD 32,823 million at the end of 2023. This increase is mainly due to higher receivables and investments in property, plant and equipment. Current liabilities increased to USD 4,779 million, compared to USD 4,226 million previously, reflecting an increase in liabilities and the current portion of non-current liabilities.
Income statement
Revenue for the quarter ended September 30, 2024 was USD 5,609 million, an increase from USD 5,198 million in the same period in 2023. Operating income also increased to USD 1,119 million compared to USD 1,021 million, demonstrating increased operational efficiency and cost discipline.
Cash flow analysis
The company generated free cash flow of USD 1,862 million for the first nine months to September 2024, compared to USD 1,552 million in the previous year. This improvement is due to higher net cash flow from operating activities and proceeds from divestments.
Key figures and profitability
The company's profitability is reflected in its ability to maintain a strong EBITA margin, which is indicative of effective cost control and pricing strategies. The net profit margin is also expected to remain robust, supported by increased sales and efficiency gains.
Segment analysis
The company operates in four reportable segments: East Tier, West Tier, Recycling Processing and Distribution and WM Renewable Energy. The Collection and Disposal segment continues to be the largest revenue driver, with the East Tier generating USD 2,242 million and the West Tier generating USD 2,138 million in net revenue for the quarter ended September 30, 2024.
Competitive analysis
The company faces intense competition from government, semi-government and private players, especially in the residential customer business. The competitive landscape is heavily influenced by price and service offerings, with the company relying on its leading asset network and strategic investments in technology to secure an advantage.
Management forecasts and statements
Management is optimistic about growth opportunities driven by strategic investments in sustainability and renewable energy. The planned acquisition of Stericycle is intended to strengthen the environmental portfolio and expand the company's presence in the healthcare sector.
Risks and opportunities
The main risks include fluctuations in raw material prices, regulatory changes and economic conditions that could affect sales and margins. However, the company is well positioned to benefit from opportunities in the areas of recycling and renewable energies, supported by sustainability initiatives and technological advances.
Summary and strategic implications
The company is strategically focused on differentiation and continuous improvement, leveraging its extensive asset network to drive growth and improve the customer experience. The focus on sustainability and automation promises long-term benefits and positions the company as a leading provider of environmental solutions. Personally, I've been looking to get in for a long time, but somehow never dared to do so, so let's see when it's time.
Positive statements
Negative statements
Unpopular trades Part XXI
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Were sold:
Apple is overvalued in my opinion, no longer particularly innovative and while the debt is rising, the equity continues to fall. I could of course be wrong, but then I would still have one position less in my portfolio (54) and in the end I still have a lot of Apple thanks to the ETFs.
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Rheinmetall was purchased $RHM (-0,78 %)
Time for a little update 🧐
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From the original 77 positions, there are now 57 left.
Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative stocks. 😜
Not all of the stocks included are long-term investments, as I have a few trades that have not yet been completed or that I have just entered into. These are among others: $PAH3 (+0,42 %)
$3EML (+0,48 %)
$GKP (-1,17 %)
$MC (-0,25 %)
$RKH (-1,59 %)
$PYPL (-0,38 %)
$HSY (+0,03 %)
If all my trades were closed immediately, I would probably already be under 50 positions.
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Where I still have concerns:
The Magnificent Seven. I have them all except $META (-2,23 %) and I wonder whether this is wise, as they are already heavily weighted in my ETFs. On the other hand, these very stocks have performed well. That's why I only recently invested in $AMZN (+0,26 %) and am thinking about getting Meta. 🤯
I'm particularly torn when it comes to $TSLA (-4,58 %) Tesla. I bought Tesla because of Elon, Musk and all his promising projects. But in hindsight, I'm increasingly of the opinion that Tesla shares only benefit the carmaker and that it's no longer that interesting because the competition is getting better, faster and cheaper, for example $1211 (-0,27 %) . Meta, on the other hand, could remain very interesting for the next few years.
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More unpopular thoughts:
Maybe I got in too early at $ASML (-1,59 %) too early, 738€. Didn't wait for the bottom to form or for a reversal signal. I will definitely be more cautious in the future, especially with stocks that have already had a long profit history and are therefore at risk. That large investors/institutional investors realize profits after price slumps and this then leads to even greater price slumps.
Waste management $WM (-0,32 %) very popular (hype?), fundamentally quite solidly positioned, moat available (I believe it is a duopoly in the USA) and with increasing population and consumption the future prospects should also be given. But will Waste Management deliver anything extraordinary besides a good return and a rising dividend? I don't think so and the business is neither scalable nor high-margin. Therefore, this could be one of the next candidates to be shot down.
I think I will sell the following titles:
These stocks are very heavily represented in the MSCI World. This reduces cluster risk and frees up capital for speculative growth stocks.
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The REITs remain for the time being as they have positive momentum and will benefit strongly from future interest rate cuts.
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Flying out as I don't understand the industry well enough.
$HIMS (-1,68 %) remains, on the other hand.
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Defensive stocks are out, as no excess return is to be expected here.
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$AMD (-0,35 %) and $INTC (+1,8 %) These are my turnaround candidates, as soon as this is completed, they are out
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The following titles are also on the hit list:
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What do the more experienced among you say? Are there any titles on my list that are worth keeping? Do you see any gross misjudgments? Do you have any suggestions for improvement?
Thanks in advance.
Hey everyone,
I'm currently facing the challenge of reducing my portfolio from 77 to a maximum of 30 shares in order to get a better overview and focus my strategy. But I'm not sure how best to proceed.
Should I:
Perhaps there is a better approach? What do you look for when reducing your positions? Diversification, dividend yield, or simply the size of the individual positions in relation to the overall portfolio? I look forward to your opinions and tips!
Thanks in advance!
$WM (-0,32 %) just missed expectations and is down -6% in the aftermarket.
If a boring value, so react: Correction here we come🥰
+++ Quarterly figures next week+++
Looking forward to:
what about you?
Principales creadores de la semana
